Passive Income Tip:
Passive income is income that requires little to no effort to earn and maintain. It is called progressive passive income when the earner expends little effort to grow the income. Examples of passive income include rental income and any business activities in which the earner does not materially participate. Some jurisdictions' taxing authorities, such as the Internal Revenue Service in the United States of America , distinguish passive income from other forms of income, such as earnings from regular or contractual employment, and may tax it differently. (en.wikipedia.org)
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Get my free passive income guide – https://erikakullberg.com/passive-income/ Time Stamps below so you can skip around!
Income Stream #1 – 1:44
Income Stream #2 – 2:36
Income Stream #3 – 3:36
Income Stream #4 – 4:47
Income Stream #5 – 6:37
Income Stream #6 – 8:47
Income Stream #7 – 9:43
Income Stream #8 – 10:51
Income Stream #9 – 11:23
Income Stream #10 – 11:54
Income Stream #11 – 12:08
Income Stream #12 – 12:51
In this video, I'm talking about the 12 different streams of income that I've built. A little over a year ago, 10 of these didn't exist, so if I can grow 10 income streams in a year starting from $0, I'm certain you can as well. Hopefully this will give you some inspiration for how you can start building and creating different income streams. Some are passive and some are active income streams. I think it's important to have a combination.
▽MY MENTIONS FROM THE VIDEO▽
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➤ OTHER RESOURCES
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Hello! My name is Erika Kullberg. I'm a lawyer by profession, but my passion is personal finance. After I graduated, I had over $200,000 of student debt, so I made it my mission to dive into everything personal finance-related, so I could equip myself with the tools to pay off the student loans as quickly as possible. I ended up paying them off in under 2 years, and now it's my passion project to share with you all of the strategies I've used to pay off my student loans, increase my net worth, credit card hack (travel on points), invest, house hack (invest in real estate), build passive income streams, and more. I hope you'll join me on the channel!
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NOTE: This description contains some affiliate links, meaning that I may earn a minimal commission if you click through and use these links (at no additional cost to you).
Disclaimer: I am not a financial advisor. Although I am a lawyer by profession, I am not your lawyer and no attorney-client relationship is established with you in any way. This video, and the ideas presented in it, are for entertainment purposes only and should not be construed as financial or legal advice.