>> WELCOME BACK TO CHEDDAR
SHAKERS THIS FINANCIAL FITNESS
SEGMENT IS
SPONSORED BY LENDINGTREE SHOP
AND COMPARE LOANS CREDIT CARDS
INSURANCE AND MORE.
>> IF YOU'RE AN ENTREPRENEUR
LOOKING TO FREE UP
YOUR TIME OR IF YOU'RE SOMEONE
WHO WANTS
TO RETIRE EARLY YOU PROBABLY
CONSIDERED A PASSIVE INCOME
STREAM BASICALLY IT'S A WAY TO
MAKE MONEY WITH LITTLE TO NO
ALONG EFFORT AND THERE ARE
PLENTY OF OPTIONS OF HOW TO
GENERATE THIS TYPE OF ENCOUNTER
AND DAY WE'RE GOING BREAK DOWN
WHAT PASSIVE INCOME MEANS
WHY IT'S BENEFICIAL AT A FEW
WAYS TO IMPLEMENT A IN YOUR
EVERYDAY LIFE OK, SO.
>> LET'S LIGHT DIVE A LITTLE
DEEPER INTO WHAT PASSIVE INCOME
REALLY HAS ACCORDING TO THE
PUBLISHING PLATFORM MEDIUM
THAT'S AN INCOME IS GENERALLY
DEFINED AS A STREAM OF INCOME
EARNED WITH LITTLE OR NO
ONGOING EFFORT NEEDED
FROM THE INDIVIDUAL IN ORDER TO
GROW EARNINGS. SOME PASSIVE
INCOME IDEAS
LIKE BUILDING BLOGGER INVESTING
IN RENTAL PROPERTIES OF COURSE
REQUIRES SOME WORK UP FRONT BUT
AFTER THEY'RE UP AND RUNNING
PASSIVE INCOME STREAM SHOULD
FLOW IN
YOUR SLEEP.
>> AS SO WHY SHOULD YOU FOCUS
ON THIS TYPE OF INCOME WHILE
THERE ARE SEVERAL WAYS THAT
CRANE, PASSIVE INCOME STREAMS
DOES BENEFIT YOU INCLUDE AND
BUILDING A LONG-TERM WEALTH
STRESS SOURCES OF INCOME OF
LIMITED AND
COMMITMENT HELP TO BUILD AN
EARLY RETIREMENT PLAN AND
PROTECTING AGAINST UNEXPECTED
FINANCIAL HARDSHIP HERE ARE
SOME IDEAS TO CONSIDER FOR
CREATING PASSIVE INCOME STREAM
IN
2020 UP FIRST.
>> INVEST IN RENTAL PROPERTIES
HERE IN THE US 36.6% OF
HOUSEHOLDS RENT
THEIR HOMES AND ACCORDING TO A
PEW RESEARCH CENTER ANALYSIS OF
CENSUS BUREAU HOUSING DATA THAT
NUMBER EXCEEDS THE HIGH SET IN
1986 1988 AND APPROACHES THE
HIGHEST RATE SET IN 1965 MEANS
THAT MORE US HOUSEHOLDS ARE
RENTING THAN
ANY OTHER POINTS IN THE LAST 50
YEARS SO NOW MIGHT BE A GREAT
TIME TO CONSIDER THIS TYPE
OF INCOME.
>> AND IT CAN BE DIFFICULT TO
BUILD AN INVESTMENT PROPERTY
PORTFOLIO FROM SCRATCH. BUT
THERE ARE SOME SIMPLE SOLUTIONS
TO
GET STARTED FOR INSTANCE, A
MULTI-UNIT PROPERTY CAN PROVIDE
STEADY CASH FLOW.
OH AND YOU CAN EVEN BUY ONE
WITH ONLY 3 AND A HALF PERCENT
DOWN IF YOU'RE WILLING TO LIVE
IN ONE OF THE UNITS AS YOUR
PRIMARY RESIDENCE, NOT TO
MENTION IT THAT LIVING IN YOUR
INVESTMENT PROPERTY WILL GIVE
YOU A GOOD SENSE OF MANAGEMENT
TENANT RELATIONS AND MEET ITS
RESPONSIBILITIES AS A LAND.
>> LORD NEXT CONSIDER
GENERATING PASSIVE INCOME WITH
YOUR CAR.
WITH THIS OPTION YOU CAN STILL
USE YOUR CAR NORMALLY BUT ALSO
MAKE SOME MONEY BY DOING THINGS
LIKE GETTING BUSINESSES TO PAY
FOR ADVERTISING ON
YOUR CAR READING A CARD OTHER
PEOPLE LISTING YOUR CAR IN A
VEHICLE CASTING SIDE OR EARNING
SAFE DRIVER DISCOUNTS
OR BONUS CHECKS FOR YOUR
INSURANCE COMPANY BY BECOMING
AN ACCIDENT
FREE DRIVER.
>> AND REMEMBER BUILDING A
PASSIVE IN
COMBAT MAINE, ALSO RISK IT MAY
TAKE SOME WORK TO SET UP BUT
ONCE YOU DO THE REWARDS CA