Our May 2023 Passive Income Report

People define financial freedom in different ways. To some, it could mean they've fully paid all their debts. To others, it could be when they achieve a certain income or no longer worry about where to get the money for their day-to-day expenses.

Regardless of your situation, we all wish for that day when we have built enough passive income streams that are more than enough to cover our expenses with some money left to invest. But there's no single path to financial freedom – there are many ways to reach your financial goals, and you just have to find the right direction for you.

In today's episode, Russ and Joey discuss their Passive Income Report for May 2023 and some lessons they learned along the way. Tune in and discover an idea that could work for you.

May 2023 Income At-A-Glance:
Gross Income for May: $80,337.54
Total Expenses for May:$28,841.89
Total Net Profit for May: $56,364.40
Difference b/t April & May: ($3,113.06)
% of net profit to overall gross revenue: 70%

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4:57 - What were some of the big takeaways for you?
5:44 - Why did we sell our short-term rental business?
7:12 - What do you say?
15:22 - What's on the horizon concerning The Land Geek and another opportunity we went to pursue?
17:34 - What are some of those takeaways? What are some of those lessons you learned over the years that make a deal good, but also the things you must do to ensure that the deal doesn't sink you with it if it goes wrong?
21:40 - What did Nelson say in his book, Becoming Your Own Banker?

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