How to Build Passive Income | Phil Town

Passive Income Tip: Passive income is defined as income that requires minimal effort or perhaps even zero effort to earn. Passive income typically enables your money to work for you. It's a “work smarter, not harder” situation. We can compare it against active income, where your effort is 100% correlated to your income. (

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One of the easiest ways to retire sooner than you thought is by finding a way to generate passive income. In this video, I want to provide you with a few tips to help you build passive income, so you can achieve financial freedom sooner than you imagined!

Learn how to build passive and retire sooner than you imagined with my Beginner's Guide to Investing in 2021! Click on the link above to get started.

#finance #passiveincome


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00:00 – Intro
01:36 – Compounding interest explained
04:46 – Real estate investing
08:14 – Investing explained


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