Harry 
title
Hello, friends! You’re watching "Path
to a Billion," and today we're talking about everyone's dream—passive income!
Who wouldn't want to earn money while lying on a beach or enjoying a cup of coffee?
Today, I’ll explain what passive income is, the various ways to create it, and how to
avoid common mistakes. Ready? Let’s go! What is passive income?
Passive income is money that comes in even when you’re not actively
working.
No need to go to the office every day or set an alarm for 7 a.m. The money flows
in by itself, while you enjoy doing what you love! But don’t relax too soon—before earning
passive income, you’ll have to put in some work. Modern types of passive income:
Cryptocurrency Investments and Staking You buy cryptocurrency and hold it in
staking, earning rewards as a percentage of your investment.
Rental Property Income The classic passive income—renting out
real estate, whether it's apartments, offices, or even parking spaces.
Investments through Robo-Advisors There are services that automatically
invest your money in various funds, and you get profit with minimal effort. Bank deposits
It is important to have initial capital here.
The money is transferred
to the bank at interest and on repayment terms. Autonomous business
This is a business that you built, but now it operates without your intervention.
For example, if you develop an app or software, you can sell it or make money from
subscriptions and built-in advertising. Why is passive income so great?
Firstly, it frees up time for the things you truly love—traveling, hobbies, or
meeting friends. Imagine: money flowing into your account while you are having lunch at a
restaurant on vacation. Sounds great, right? Secondly, it helps you build a financial
safety net. When you're asleep and your money keeps working, you don’t have to worry
about unexpected expenses or sudden crises. Let’s meet some real people
earning passive income: Warren Buffett earns significant passive income
through dividends from his investments in stocks of large companies such as Coca-Cola and
American Express. Smart investments matter. Sarah Blakely, founder of the Spanx brand,
receives passive income from licensing agreements and the sale of her shares. Even though she built
her company from the ground up, she now generates income without being involved in day-to-day
operations.
Every entrepreneur dreams about it! Robert Kiyosaki—author of Rich Dad, Poor Dad. Kiyosaki makes money from real estate
investments, stock dividends, and book sales, along with licensing his educational
programs. His books are known worldwide. Thanks for tuning in to our show
today! You’ll find a link to the fascinating app "X Empire"
in the video description..
