Our June 2023 Passive Income Report
It's that time of the month again when Russ and Joey review their Passive Income Report. Today, in addition to the numbers for June 2023, they share three key insights from their journey of investing in different wealth-building opportunities.
Join Russ and Joey as they discuss the following:
What is passive to you may be active to someone else
Two ways to create passive income from one asset
Dont forget: The devil is in the details
After listening to this episode, please think about this: Can you take and apply what you're hearing from them and start building your path to financial freedom?
June 2023 Income At-A-Glance:
Gross Income for June: $116,728.65
Total Expenses for June:$32,383.94
Total Net Profit for June: $87,194.73
Difference b/t May & June: $30,830.33
% of net profit to overall gross revenue: 75%
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The Art of Passive Income Podcast by Mark Podolsky:
https://podcasts.apple.com/us/podcast/the-art-of-passive-income/id1125069143
Learn How to Invest in Real Estate with The Land Geek:
https://www.thelandgeek.com/
Turn Active Income Into Passive Income:
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Short-Term Rentals in Birmingham:
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Apply to Join the Passive Income Mastermind:
https://www.wealthwithoutwallstreet.com/wwws-passive-income-mastermind
—
1:03 - I'm trying to figure out how to expand our Turo fleet and looking at a convertible. I'm hesitant about pulling the trigger. What advice would you give me?
1:19 - Why are you hesitant?
17:04 - Which ATM operator are you backing? Which are the ones that you went with?
20:21 - What happened to Cousin Eddie?
24:30 - When was the last time you took that thing on a tour of the country?
24:53 - If you're not in the Passive Income Mastermind, what are you doing?
25:27 - Have you heard that it sometimes snows in October in Denver?
25:41 - What happens if it snows and you're driving Cousin Eddie?
26:51 - Let's talk about earning passive income from the same asset in two different ways. What does that mean?
32:27 - How is Turo different from going to something like Enterprise Rent-A-Car or Hertz?
41:04 - There's got to be some extra way to make money in this deal. Do you have any ideas for me? What's one of those little add-ons you can do?
41:59 - What's that store in the mall where you can go into and get every gizmo?
🎧 Listen Now to the full episode of the podcast here 👉
https://www.wealthwithoutwallstreet.com/podcast/our-june-2023-passive-income-report
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