Artwork for podcast The Wealth Without Wall Street Podcast
Growing Passive Income While Still Losing Money
28th September 2023 • The Wealth Without Wall Street Podcast • By Russ Morgan & Joey Muré
00:00:00 00:30:15

Share Episode

Shownotes

Wouldn't it be nice to have money coming in without you working endless hours to earn it? Many people dream of having that mailbox money lifestyle, but not everyone knows how to start. Some wonder if that's even possible. Others hesitate to invest for fear of losing their hard-earned money. But you can definitely grow your passive income while still losing money.


The cash flow from passive income sources requires some work initially, but once established, it takes little to no time to maintain. Some common ways to earn passive income include investing and starting a business that can mostly run itself, or you can hire a team to run the company for you. 



In this episode, Russ and Joey share their passive income sources and lessons from investing in different investment opportunities. Tune in to know more about growing your own passive income. 



Top three things you will learn: 

  1. Exploring new beginnings
  2. How to sell a business where everybody wins
  3. Investing with confidence


August 2023 Income At-A-Glance: 

Gross Income for August: $90,412.22

Total Expenses for August: $31,046.51

Total Net Profit for August: $58,929.41

Difference b/t July & August: $9,455.28

% of net profit to overall gross revenue: 65%



The Passive Income Retreat: October 11-13, 2023

https://go.wealthwithoutwallstreet.com/passive-income-retreat-2023-denver-co


Free Financial Strategy Call: 

https://www.wealthwithoutwallstreet.com/freecall


Explore the World's Largest Car Sharing Marketplace:

https://turo.com/


Buying Online Businesses for Profit With Sophie Howard:

https://go.wealthwithoutwallstreet.com/freedomnavigator


How to Level Up Through Group Investing with Travis Smith:

https://www.wealthwithoutwallstreet.com/podcast/how-to-level-up-through-group-investing-with-travis-smith


Invest with Your Friends & Family:

https://www.tribevest.com/partners/wwws


Learn How to Invest in Real Estate with The Land Geek:

https://www.thelandgeek.com/


Turn Active Income Into Passive Income:

https://www.wealthwithoutwallstreet.com/PIOS 


Take the Financial Freedom Analyzer:

https://wealthwithoutwallstreet.com/quiz


Subscribe to Our YouTube Channel:

https://www.youtube.com/@WealthWithoutWallStreet


Check Out Our Monthly Passive Income Reports: 

https://www.wealthwithoutwallstreet.com/passive-income


Discover Your Path to Financial Freedom: 

https://www.wealthwithoutwallstreet.com/passport


Apply to Join the Passive Income Mastermind:

https://www.wealthwithoutwallstreet.com/wwws-passive-income-mastermind




Links

Chapters

Video

More from YouTube