The exchange of time for money is the worst trade you can make financially. It is also the worst trade you can make personally.
Why? Well, on a personal level, time is something we cannot get back and that is the most valuable thing we have. And that is why passive income is the holy grail.
Here’s why you should listen:
• What are the four types of passive income? There are a lot more, but these 4 are the most common and the most successful when it comes to generating passive income
• 3 Reasons that explain why passive income is the holy grail of investing.
• Don’t concentrate on taxes. The objective is passive income so do not get fixated with taxes. It could damage the chances of getting passive income sooner.
• Why Cashing Out will reduce passive income and damage wealth? The objective is to build wealth and create passive income. If you are cashing out, you are doing it the wrong way round
• Why the right structure when investing is vital. Get this wrong, and you end up paying more in taxes
