5 Types Of Passive Income YOU Need To Have

Want to create the most efficient passive income stream? In this video, I will introduce you to 5 types of passive income YOU need.

Passive income is a great way to supplement your income and have some extra money saved up. Furthermore, it is a great way to generate income without working hard. It's also a great way to create extra cash while you continue to work your regular job.

"I wanna get paid as we go along." 8:35

Building wealth is not merely a luxury but a necessity for financial stability and security. In wealth creation, passive income streams occupy a crucial position.

These sources of income, which include investments like rental properties, dividend stocks, royalties, or covered calls, generate earnings with minimal active involvement.

After watching this video, you'll better understand real passive income ideas for your financial future.

Show Notes:
0:00 Intro
1:41 Income
3:43 Rents
4:40 Royalties
5:52 Interest
6:44 Dividends
9:24 STCG
11:09 Overview
11:51 Outro
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ABOUT TOBY MATHIS
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.

#passiveincome #stocks #realestateinvesting

[frankinfante]

I’m in all five income sources plus pension income. I retired at 59 and don’t regret a second. My favourite income source is dividends, especially dividends that grow every year. The regret I have is that I didn’t start this strategy when I was very young. Had I started earlier I could have retired at 40.

[edlauren]

I am an HVAC/Refrigeration contractor. I work pretty much every day, , no weekends or OFFs. Its obvious that I am doing something wrong; I work 12-14 hours everyday, I have customers signing in a waiting line simply because I cannot help everyone... But, I am still pretty much don't have savings for retirement and this contractor's job is the only income I've got. Thank you for your videos. I will turn my head towards passive incomes now. I've got massive experience with rental properties.maintenance and repairs for other people. I guess, it's the time for me to get my own rentals.

[manjus]

Thanks Toby, for a great video. My favorite income is dividends and rents

[springnice]

thank you. Rent is my favorite income.

[LorelieFriedheim]

This has been the most helpful summary on passive income. It was concise and to the point. Thank you!!

[Zee]

W2 employee here, with 1099 side income.
I also have dividends and interest payments as well. Plus, a few growth stocks that don’t pay dividends, but I can sell eventually and buy more dividend stocks or add to current positions.

[摸鱼茉莉花]

Rents, royalties, interest, dividends, short term tax gain

[CaseyEberhart]

1st time seeing one of your videos and I am hooked! I love the simplicity. I have been an investor in all of these types and sometimes get sucked into shiny objects, *this video has inspired me to adjust my overall portfolio!*

[greekbarrios]

I like to have SCHD. 20% of each ROTH IRA Portfolio. Yield: 3.75%60% SPY20% Various Income Funds, PFF, ILTB, are more interesting buys to grow and safeguard $300k for 6 years? Real estate or maybe Gold

[raemer]

im finally getting rich now thanks for this huge advice

[bilalprinceali]

I’m 35 and I just tapped into 4 of these incomes over past 3 years. Feels like I’m the right track. Just need to keep saving and scaling.

[Chiefkahuna]

My favorite is: finding a small cap stock, that has no institutional investors. But has a formed base. And fluctuates 5-10% a day. And before it breaks out, I start buying it at a low. And wait 2-3 days. And when it goes up to it's normal high, I sell it.

[lovinsmurff]

Rent is my favorite thank you for the information you are a wonderful person and very much God's send 🙏 I am learning a lot of info coming from you 😊 u are a good professor.

[found_treasures]

Dividends, particularly from undervalued REIT's.

[tonysilke]

I love how you take your time to educate your viewers we all strive towards financial stability and a better Life. It is easy to achieve this through the right investment, by living frugally and budgeting. I'm glad I learnt early in life to work hard for financial freedom

[trickyfingers]

How about double tax free municipal bonds?

[maruhdez]

Hi Tobi. Is it a book you recommend to learn how to sell cover calls?

[TheDemonicDeity]

I realized how crazy the real estate market has become recently. I work in longboat key so there are some really nice houses there, I was curious as to how much they were worth. I looked up one house that was sold for $850k in 98 and now it’s on the market for $10mil that’s insane but, I feel like there’s no entry for that kind of stuff anymore. if you’re in it you’re in it and it’s a much tougher market to get into than back then

[Celestialkarma]

Absolutely great input Keep going God bless

[Mukundpawar]

Your video is really interesting and very helpful. I really liked the content. Please make video on Dividend Aristocrat stocks.
This is Mukund Pawar from Mumbai, India.
Thank you! Toby Mathis for such a wonderful video.