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Passive Income: Passive Income Ideas Proven to Build a True Path to Wealth

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Passive Income: Passive Income Ideas Proven to Build a True Path to Wealth

By: Owen Armstrong
Narrated by: Ian Bishop
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About this listen

Are you someone that's constantly living paycheck to paycheck? Are you finding that every dollar of your income is always accounted for? Are you sick of having an empty savings account?

If you relate to any of these questions, you likely need to work on your attitude, beliefs about money, and your fundamental money management skills. You may even need to add a few more sources of income into your life. Did you know that most North American people have struggled with credit card debt, overdue bills, foreclosed homes, and many other adverse financial events? Improving your knowledge of money, including earning it, managing it, and investing in it, will be the first step in building more wealth.

Additionally, learning more about basic money management skills and reading financial statements will help you better understand and control your money if you were to invest it or grow it. People often get stuck in the misunderstanding that they simply don't have the time or knowledge to make more money or grow their existing savings. This is false. Many simple and straightforward strategies can allow someone to increase their money or add an extra income stream. This audiobook has a lot of information that will help you with the following:

  • How to become financially intelligent and start having a better relationship with money
  • Getting involved in the world of side gigs and side hustles creates additional income streams
  • Understanding the difference between passive income and active incom' – which one would work better for you?
  • Learning not to pigeonhole yourself into a specific income stream, you can hold multiple and still have room for more
  • Improving your self-discipline with money to save more and spend less
  • Learning how to be productive with your savings
  • Passive and semi-passive income stream ideas (i.e., remote side gigs, profitable side gigs, flexible side gigs, and more)
  • Easy and profitable income ideas (i.e., hourly/temporary side gigs, side gigs with minimal start-up costs, freelance work, and more)
  • The basics of investing and money management – how to read financial statements and learning which investments are suitable for you
  • Learning the different types of investments and taking calculated risks that make sense (i.e., learning the difference between stocks, bonds, commodities, REIT, and more)
  • Learning basic financial skills for entrepreneurship (i.e., how to increase sales, create a sales mix, distribution channels, reduce expenses, and more)
  • Learning how to be a good money manager and keep your savings as savings without recklessly spending it

Together, this audiobook's various topics will help you build new thoughts and beliefs related to money while teaching you numerous methods of increasing your wealth. By doing this, you are allowing yourself to be open-minded to different money-savings and income-generating ideas so you can continue to grow your money as much as possible. Everyone can learn to be better with their money; they have to let go of their own restricting beliefs.

Now that you are ready to start making effective changes to your financial future, buy this audiobook now.

©2021 Owen Armstrong (P)2022 Owen Armstrong
Entrepreneurship Personal Finance Business Passive Income
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