What Passive Incomes Will Work in the Upcoming Crash?

Are you financially prepared for the upcoming crash? Where have you been putting your money? As you start building wealth, you must always look for ways to bring in new sources of passive income. Join Russ and Joey as they discuss how much they earned in July for each income stream they have. Learn from their mistakes so you can avoid doing the same things. Discover what works and what doesn't work.

Top three things you will learn:
The five things needed to do a deal
What Russ and Joey have tried and learned so far
What strategies will work and will not work during a market crash?

If you want to make sure you have passive income even if a recession hits, this episode is for you.

July 2023 Income At-A-Glance:
Gross Income for July: $78,853.25
Total Expenses for July:$33,997.57
Total Net Profit for July: $49,474.13
Difference b/t June & July: ($25,907.81)
% of net profit to overall gross revenue: 63%

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3:20 - What is the number one obstacle to becoming financially free?
8:02 - There are five things that are required to do a deal: M.O.T.E.R. What does the acronym stand for?
10:13 - What do you believe will be working in this market, and what are we currently doing that we need to get out of?
13:28 - Do you believe that the best investors in the world always use their money to do deals?
21:17 - Why did we start this podcast?
21:32 - Did we just do the podcast and never talk to these people again?
24:32 - Have we got paid for trying?
25:10 - What did we learn from the short-term rental space?
25:52 - What does that mean to you?
26:43 - What have we learned from the crypto-mining space?
28:38 - What about the Turo and RV space? What are some lessons that can be taken from this and applied?
29:30 - What's a realistic expectation on a monthly basis per vehicle?
31:05 - How can you drive it, and it actually be covered?
36:17 - Where do we see things going in the future, and how does that benefit us?
39:57 - What happens whenever supply shrinks?
40:17 - When there are fewer lenders, yet people are still looking to buy houses, what will go up specifically?
42:31 - Does that mean that some of these banks are switching their whole philosophy from being the lenders to being the owners that then continue to rent in perpetuity?
43:14 - Are they going to Wells Fargo and taking out a loan for 80%?
43:22 - Whose money do they have?
43:35 - And now, what do they do with your money?
44:23 - Because of that, who will they be renting from?
44:30 - How do we look at the future? How do we compete?
45:12 - What market are you in? Can you compete with them in that environment?

🎧 Listen Now to the full episode of the podcast here 👉
https://www.wealthwithoutwallstreet.com/podcast/what-passive-incomes-will-work-in-the-upcoming-crash

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