Passive Income

Why is passive income important?

• Because it shows you want not to do in life

• Because most wealthy people create passive income

• Because it is hard to become a millionaire without it

• Because your time is your most valuable resource

How do you get passive income

• Investing income producing investments

• Renting out your car, driveway, or a room.

• Selling a book, course, or webinar online.

• Lending money to peers and charging interest.

Most people build passive income while...

• Sitting in Jail

• Working at a job

• Running a business

• Sitting at home with their kids

Passive income means...

• You don't have to do any work

• You have to do very little work

• You gain more time freedom than you have with active income

• Can be a challenge to set up but can give you money while you sleep with little effort

Passive income gives you time which most people use...

• To spend time with people they care about

• To be lazy

• To work at things they are passionate about

• To buy luxury items or travel

Only extremely smart people can earn passive income

• True

• False

Three things that can help you have more time to learn about creating YOUR OWN passive income

• 1 Hour of Social Media Time

• 1 Hour or Netflix or other TV/Movie Time

• Hanging out after work/school with Friends Every day

• Time studying to graduate high school or college

Most Millionaires have at least _ number of Passive Income Streams

• 3

• 5

• 8

• 12

Time Freedom is a Benefit of Passive Income

• True

• False

Other Benefits of Passive Income Are...

• Reduced financial Stress and Anxiety

• Give you the ability to spend time doing/learning about things you love.

• Allows you to work and live Anywhere!

• Let's you spend without a budget