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How Can I Invest to Create Passive Income Streams? · Becoming Financially Confident

• 0:37
  I
• 0:37
  bet
• 0:38
  you
• 0:38
  heard
• 0:38
  about
• 0:38
  all
• 0:39
  those
• 0:39
  people
• 0:39
  making
• 0:39
  millions
• 0:40
  while
• 0:40
  they
• 0:40
  sleep.
• 0:41
  Listen,
• 0:42
  if
• 0:42
  you
• 0:42
  spend
• 0:42
  any
• 0:42
  time
• 0:42
  on
• 0:43
  social
• 0:43
  media
• 0:44
  and
• 0:44
  bam,
• 0:44
  you
• 0:44
  see
• 0:45
  all
• 0:45
  these
• 0:45
  latest
• 0:45
  trends
• 0:47
  and
• 0:47
  maybe,
• 0:48
  like
• 0:48
  me,
• 0:48
  you
• 0:48
  wonder.
• 0:48
  Ralph,
• 0:49
  is
• 0:50
  this
• 0:50
  something
• 0:50
  really
• 0:50
  that
• 0:50
  I
• 0:51
  can
• 0:51
  do?
• 0:52
  Let
• 0:52
  me
• 0:52
  start
• 0:52
  by
• 0:53
  sharing
• 0:53
  some
• 0:53
  interesting
• 0:54
  statistics.
• 0:54
  And
• 0:54
  I
• 0:54
  want
• 0:54
  to
• 0:55
  thank
• 0:55
  Abby,
• 0:55
  my
• 0:55
  producer,
• 0:56
  for
• 0:56
  finding
• 0:56
  these.
• 0:56
  They
• 0:57
  are
• 0:57
  really
• 0:57
  interesting
• 0:58
  things
• 0:58
  because
• 0:59
  a
• 0:59
  lot
• 0:59
  of
• 0:59
  people
• 0:59
  think
• 0:59
  passive
• 1:00
  income.
• 1:00
  They're
• 1:00
  like,
• 1:00
  well,
• 1:00
  Ralph,
• 1:01
  that's
• 1:01
  for
• 1:01
  the
• 1:01
  wealthy
• 1:02
  people.
• 1:02
  Or
• 1:02
  that's
• 1:02
  for
• 1:02
  the
• 1:03
  people
• 1:03
  who've
• 1:03
  arrived.
• 1:04
  But
• 1:04
  this
• 1:04
  is
• 1:04
  what
• 1:04
  really
• 1:04
  interesting.
• 1:05
  53%
• 1:06
  of
• 1:06
  Americans.
• 1:07
  Yeah,
• 1:08
  53%
• 1:09
  already
• 1:09
  have
• 1:09
  at
• 1:10
  least
• 1:10
  one
• 1:10
  passive
• 1:11
  income
• 1:11
  stream.
• 1:12
  I
• 1:12
  gotta
• 1:12
  be
• 1:12
  honest
• 1:12
  with
• 1:13
  you,
• 1:13
  I
• 1:13
  was
• 1:13
  kind
• 1:13
  of
• 1:13
  surprised
• 1:13
  by
• 1:14
  that.
• 1:14
  But
• 1:15
  listen
• 1:15
  to
• 1:15
  this
• 1:15
  next
• 1:15
  one.
• 1:16
  And
• 1:16
  this
• 1:16
  one
• 1:16
  was
• 1:17
  really
• 1:17
  amazing
• 1:17
  to
• 1:18
  me.
• 1:19
  $4200
• 1:20
  a
• 1:20
  year
• 1:20
  is
• 1:20
  what
• 1:21
  the
• 1:21
  average
• 1:21
  median
• 1:22
  passive
• 1:23
  income
• 1:23
  is
• 1:24
  for
• 1:24
  most
• 1:24
  people
• 1:24
  in
• 1:24
  the
• 1:25
  US
• 1:25
  Now.
• 1:25
  That
• 1:25
  includes
• 1:26
  dividends,
• 1:26
  interest,
• 1:27
  rents.
• 1:28
  So
• 1:28
  I
• 1:28
  was
• 1:29
  like,
• 1:29
  wow,
• 1:29
  a
• 1:29
  lot
• 1:29
  of
• 1:29
  people
• 1:29
  already
• 1:30
  doing
• 1:30
  this.
• 1:31
  And
• 1:32
  which
• 1:32
  led
• 1:32
  me
• 1:32
  to
• 1:32
  this
• 1:32
  quick
• 1:33
  tip.
• 1:33
  And
• 1:33
  I
• 1:33
  always
• 1:33
  want
• 1:33
  to
• 1:34
  start
• 1:34
  this
• 1:34
  show
• 1:34
  with
• 1:34
  a
• 1:34
  quick
• 1:34
  tip.
• 1:35
  This
• 1:35
  is
• 1:35
  a
• 1:35
  quick
• 1:35
  win
• 1:35
  for
• 1:36
  you.
• 1:36
  Great
• 1:37
  statistic
• 1:37
  here.
• 1:38
  20
• 1:38
  to
• 1:39
  30%
• 1:40
  of
• 1:40
  people
• 1:41
  were
• 1:41
  able
• 1:41
  to
• 1:42
  grow
• 1:42
  more
• 1:42
  wealth
• 1:43
  if
• 1:43
  they
• 1:44
  kept
• 1:44
  their
• 1:44
  dividends
• 1:45
  invested.
• 1:46
  Now
• 1:46
  we'll
• 1:46
  talk
• 1:47
  about
• 1:47
  that
• 1:47
  in
• 1:47
  another
• 1:48
  show.
• 1:48
  What
• 1:48
  dividends
• 1:48
  are.
• 1:49
  But
• 1:49
  they're
• 1:49
  basically
• 1:49
  the
• 1:50
  income
• 1:50
  you
• 1:50
  get
• 1:51
  from
• 1:51
  stocks.
• 1:52
  But
• 1:52
  think
• 1:52
  about,
• 1:52
  that's
• 1:53
  a
• 1:53
  quick
• 1:53
  win
• 1:53
  right
• 1:53
  there.
• 1:54
  So
• 1:54
  if
• 1:54
  you're
• 1:54
  an
• 1:55
  investor
• 1:55
  in
• 1:55
  dividends,
• 1:56
  20
• 1:56
  to
• 1:57
  30%
• 1:57
  more
• 1:57
  wealth
• 1:58
  is
• 1:58
  derived
• 1:58
  by
• 1:59
  reinvesting
• 1:59
  those
• 2:00
  dividends.
• 2:01
  And
• 2:01
  that
• 2:01
  leads
• 2:02
  us
• 2:02
  to
• 2:02
  this
• 2:02
  great
• 2:02
  question
• 2:03
  from
• 2:03
  one
• 2:03
  of
• 2:03
  our
• 2:03
  loyal
• 2:04
  listeners.
• 2:04
  And
• 2:04
  I
• 2:05
  was
• 2:05
  so
• 2:05
  happy
• 2:05
  when
• 2:05
  I
• 2:05
  got
• 2:05
  this
• 2:06
  question.
• 2:07
  Ralph,
• 2:07
  I
• 2:08
  keep
• 2:08
  hearing
• 2:08
  about
• 2:08
  passive
• 2:09
  income.
• 2:10
  How
• 2:10
  can
• 2:10
  I
• 2:10
  actually
• 2:11
  build
• 2:11
  it
• 2:11
  through
• 2:11
  investing?
• 2:13
  Great
• 2:14
  question.
• 2:15
  And
• 2:15
  the
• 2:15
  truth
• 2:15
  is,
• 2:16
  many
• 2:16
  people
• 2:16
  don't
• 2:16
  really
• 2:16
  understand.
• 2:17
  In
• 2:17
  fact,
• 2:17
  Abby
• 2:17
  and
• 2:18
  I
• 2:18
  were
• 2:18
  talking
• 2:18
  before
• 2:18
  we
• 2:18
  hit
• 2:19
  the
• 2:19
  record
• 2:19
  button,
• 2:20
  and
• 2:20
  she
• 2:20
  says,
• 2:20
  ralph,
• 2:20
  I
• 2:21
  hear
• 2:21
  about
• 2:21
  this
• 2:21
  passive
• 2:22
  stuff
• 2:22
  on
• 2:22
  social
• 2:23
  media
• 2:23
  all
• 2:23
  the
• 2:23
  time,
• 2:24
  but
• 2:24
  I
• 2:24
  don't
• 2:24
  know
• 2:24
  necessarily
• 2:25
  understand
• 2:25
  what
• 2:26
  it
• 2:26
  is.
• 2:27
  And
• 2:27
  as
• 2:27
  we
• 2:27
  talked
• 2:28
  about,
• 2:28
  we
• 2:28
  all
• 2:28
  understand
• 2:29
  the
• 2:29
  idea.
• 2:29
  If
• 2:29
  we
• 2:29
  work,
• 2:30
  we
• 2:30
  make
• 2:31
  income,
• 2:31
  we
• 2:31
  get
• 2:31
  paid.
• 2:31
  Yeah,
• 2:32
  that's
• 2:32
  pretty
• 2:32
  straightforward.
• 2:33
  But
• 2:34
  let
• 2:34
  me
• 2:34
  ask
• 2:34
  you
• 2:34
  this
• 2:34
  question.
• 2:35
  What
• 2:36
  if
• 2:36
  money
• 2:36
  could
• 2:37
  work
• 2:37
  for
• 2:37
  you?
• 2:38
  That's
• 2:38
  right,
• 2:38
  you'd
• 2:38
  be
• 2:38
  the
• 2:39
  boss.
• 2:39
  Imagine
• 2:39
  this.
• 2:40
  You're
• 2:40
  the
• 2:40
  boss
• 2:41
  of
• 2:41
  your
• 2:41
  own
• 2:41
  money.
• 2:42
  And
• 2:43
  guess
• 2:43
  what?
• 2:43
  It
• 2:44
  is
• 2:44
  absolutely
• 2:44
  possible
• 2:45
  they
• 2:46
  may
• 2:46
  be
• 2:46
  saying,
• 2:46
  ralph,
• 2:46
  why
• 2:46
  are
• 2:46
  you
• 2:47
  talking
• 2:47
  about
• 2:47
  passive
• 2:47
  income?
• 2:48
  Well,
• 2:48
  here's
• 2:48
  what
• 2:48
  I'm
• 2:48
  talking
• 2:48
  about.
• 2:49
  It's
• 2:49
  so
• 2:49
  important
• 2:50
  because
• 2:50
  it
• 2:50
  brings
• 2:51
  some
• 2:51
  amazing
• 2:51
  thing.
• 2:51
  It
• 2:52
  brings
• 2:52
  freedom,
• 2:53
  it
• 2:53
  brings
• 2:53
  flexibility.
• 2:54
  And
• 2:55
  listen,
• 2:55
  if
• 2:55
  you
• 2:55
  do
• 2:55
  it
• 2:55
  right,
• 2:56
  it
• 2:56
  makes
• 2:56
  a
• 2:56
  huge
• 2:57
  impact
• 2:57
  on
• 2:57
  your
• 2:57
  financial
• 2:58
  life.
• 2:59
  So
• 2:59
  today
• 2:59
  we're
• 3:00
  going
• 3:00
  to
• 3:00
  skip
• 3:00
  that
• 3:00
  Instagram
• 3:01
  hype,
• 3:01
  we're
• 3:01
  going
• 3:01
  to
• 3:02
  tune
• 3:02
  out
• 3:02
  social
• 3:03
  media
• 3:03
  and
• 3:04
  we're
• 3:04
  going
• 3:04
  to
• 3:04
  get
• 3:04
  really
• 3:04
  practical.
• 3:05
  And
• 3:05
  today
• 3:06
  I'm
• 3:06
  going
• 3:06
  to
• 3:06
  show
• 3:06
  you
• 3:06
  real
• 3:07
  attainable
• 3:08
  investing
• 3:08
  strategies
• 3:09
  to
• 3:09
  help
• 3:09
  you
• 3:10
  build
• 3:10
  passive
• 3:10
  income
• 3:11
  and
• 3:11
  more
• 3:11
  importantly
• 3:12
  than
• 3:12
  that,
• 3:12
  build
• 3:13
  confidence
• 3:13
  in
• 3:13
  your
• 3:13
  financial
• 3:14
  future.
• 3:15
  Are
• 3:15
  you
• 3:15
  ready
• 3:15
  to
• 3:15
  be
• 3:16
  your
• 3:16
  own
• 3:16
  boss
• 3:16
  today?
• 3:17
  Well,
• 3:17
  let's
• 3:17
  get
• 3:18
  started.
• 3:20
  This
• 3:20
  is
• 3:20
  Financially
• 3:21
  Confident
• 3:21
  Christian,
• 3:22
  your
• 3:22
  daily
• 3:23
  dose
• 3:23
  of
• 3:23
  gospel,
• 3:24
  grounded
• 3:24
  insight
• 3:24
  and
• 3:25
  faith
• 3:25
  driven
• 3:25
  tips
• 3:26
  to
• 3:26
  help
• 3:26
  you
• 3:26
  break
• 3:27
  the
• 3:27
  cycle
• 3:27
  of
• 3:27
  financial
• 3:28
  shame
• 3:28
  with
• 3:28
  confidence.
• 3:31
  Welcome
• 3:32
  to
• 3:32
  the
• 3:32
  show.
• 3:32
  I'm
• 3:33
  Ralph.
• 3:33
  I'm
• 3:33
  so
• 3:33
  happy
• 3:34
  that
• 3:34
  you've
• 3:34
  chosen
• 3:34
  to
• 3:34
  give
• 3:35
  me
• 3:35
  just
• 3:35
  a
• 3:35
  little
• 3:35
  bit
• 3:35
  of
• 3:35
  your
• 3:35
  time
• 3:36
  today.
• 3:36
  And
• 3:37
  we're
• 3:37
  in
• 3:37
  the
• 3:37
  final
• 3:37
  week
• 3:38
  of
• 3:38
  our
• 3:38
  30
• 3:38
  day
• 3:39
  investment
• 3:39
  series.
• 3:39
  Man,
• 3:40
  we
• 3:40
  have
• 3:40
  talked
• 3:40
  about
• 3:41
  all
• 3:41
  kinds
• 3:41
  of
• 3:42
  things
• 3:42
  related
• 3:42
  to
• 3:43
  investments
• 3:43
  and
• 3:43
  if
• 3:43
  you
• 3:43
  missed
• 3:44
  any,
• 3:44
  any
• 3:44
  of
• 3:44
  the
• 3:44
  shows,
• 3:45
  you
• 3:45
  can
• 3:45
  get
• 3:45
  all
• 3:46
  of
• 3:46
  our
• 3:46
  shows
• 3:46
  by
• 3:46
  going
• 3:46
  to
• 3:47
  financiallyconfidentchristian.com
• 3:49
  and
• 3:50
  specifically
• 3:50
  yesterday
• 3:51
  we
• 3:51
  talked
• 3:51
  about
• 3:51
  breaking
• 3:52
  that
• 3:52
  piggy
• 3:52
  bank
• 3:52
  and
• 3:53
  Abby
• 3:53
  and
• 3:53
  I
• 3:54
  shared
• 3:54
  our
• 3:54
  own
• 3:54
  little
• 3:54
  piggy
• 3:55
  bank
• 3:55
  story.
• 3:55
  So
• 3:55
  if
• 3:55
  you
• 3:55
  missed
• 3:56
  that
• 3:56
  one,
• 3:56
  I'm
• 3:56
  going
• 3:56
  to
• 3:56
  encourage
• 3:57
  you
• 3:57
  to
• 3:57
  go
• 3:57
  check
• 3:57
  it
• 3:57
  out.
• 3:58
  And
• 3:58
  you
• 3:58
  might
• 3:58
  be
• 3:59
  saying,
• 3:59
  ralph,
• 3:59
  okay,
• 3:59
  that
• 4:00
  sounds
• 4:00
  good.
• 4:00
  You're
• 4:00
  an
• 4:00
  accountant,
• 4:01
  you
• 4:01
  do
• 4:01
  some
• 4:02
  financial
• 4:02
  work.
• 4:03
  But
• 4:03
  how
• 4:03
  do
• 4:03
  you
• 4:04
  qualify
• 4:04
  to
• 4:04
  be
• 4:05
  involved
• 4:05
  in
• 4:05
  telling
• 4:06
  me
• 4:06
  about
• 4:06
  passive
• 4:06
  income?
• 4:07
  The
• 4:08
  truth
• 4:08
  is
• 4:08
  I've
• 4:09
  worked
• 4:09
  with
• 4:09
  clients
• 4:09
  for
• 4:09
  over
• 4:10
  30
• 4:10
  years.
• 4:10
  It
• 4:10
  makes
• 4:11
  me
• 4:11
  feel
• 4:11
  old
• 4:11
  when
• 4:11
  I
• 4:12
  say
• 4:12
  that,
• 4:12
  to
• 4:12
  be
• 4:12
  honest
• 4:13
  with
• 4:13
  you.
• 4:13
  But
• 4:13
  I've
• 4:14
  seen
• 4:14
  how
• 4:14
  clients
• 4:14
  have
• 4:15
  benefited
• 4:15
  from
• 4:16
  these
• 4:16
  multiple
• 4:16
  streams
• 4:17
  of
• 4:17
  income
• 4:17
  to
• 4:18
  really
• 4:18
  build
• 4:18
  that
• 4:19
  long
• 4:19
  term
• 4:19
  stability.
• 4:19
  And
• 4:20
  that's
• 4:20
  what
• 4:20
  we're
• 4:20
  talking
• 4:20
  about.
• 4:21
  If
• 4:21
  you
• 4:21
  want
• 4:21
  to
• 4:21
  encapsulate
• 4:22
  what
• 4:22
  this
• 4:22
  whole
• 4:23
  investment
• 4:23
  series
• 4:24
  has
• 4:24
  been,
• 4:24
  it's
• 4:25
  not
• 4:25
  been
• 4:25
  about
• 4:25
  quick
• 4:26
  wins.
• 4:26
  It's
• 4:27
  not
• 4:27
  been
• 4:27
  about
• 4:27
  going
• 4:28
  to
• 4:28
  the
• 4:28
  casino
• 4:28
  and
• 4:29
  pulling
• 4:29
  that
• 4:29
  slot
• 4:30
  machine
• 4:30
  real.
• 4:30
  That's
• 4:31
  not
• 4:31
  what
• 4:31
  we've
• 4:31
  been
• 4:31
  talking
• 4:31
  about.
• 4:32
  We've
• 4:32
  been
• 4:32
  talking
• 4:32
  about
• 4:33
  building
• 4:33
  long
• 4:34
  term
• 4:34
  stability
• 4:35
  and
• 4:35
  this
• 4:35
  passive
• 4:36
  investment,
• 4:36
  these
• 4:37
  passive
• 4:37
  income
• 4:37
  things
• 4:38
  can
• 4:38
  bring
• 4:38
  you
• 4:38
  that
• 4:39
  freedom
• 4:39
  and
• 4:40
  opportunities.
• 4:40
  And
• 4:40
  here's
• 4:41
  the
• 4:41
  reason.
• 4:41
  The
• 4:41
  big
• 4:41
  takeaway
• 4:42
  for
• 4:42
  today,
• 4:43
  it
• 4:43
  helps
• 4:43
  you
• 4:43
  be
• 4:44
  more
• 4:44
  generous
• 4:45
  because
• 4:45
  a
• 4:45
  lot
• 4:45
  of
• 4:45
  people
• 4:45
  have
• 4:46
  said
• 4:46
  to
• 4:46
  me,
• 4:46
  we've
• 4:46
  gotten
• 4:46
  a
• 4:46
  couple
• 4:47
  emails
• 4:47
  since
• 4:47
  we
• 4:47
  started
• 4:47
  this
• 4:48
  series.
• 4:48
  Ralph,
• 4:49
  it
• 4:49
  seems
• 4:49
  like
• 4:49
  you're
• 4:49
  really
• 4:50
  tying
• 4:50
  into
• 4:50
  greed
• 4:51
  in
• 4:51
  this
• 4:51
  series.
• 4:51
  Not
• 4:52
  at
• 4:52
  all.
• 4:52
  What
• 4:53
  I'm
• 4:53
  talking
• 4:53
  about
• 4:53
  is
• 4:54
  building
• 4:54
  financial
• 4:54
  freedom,
• 4:55
  breaking
• 4:56
  that
• 4:56
  cycle
• 4:56
  that
• 4:57
  so
• 4:57
  many
• 4:57
  people
• 4:57
  feel
• 4:58
  of
• 4:58
  that
• 4:58
  financial
• 4:59
  shame
• 4:59
  and
• 5:00
  finally
• 5:00
  giving
• 5:01
  you
• 5:01
  confidence.
• 5:02
  Which
• 5:02
  leads
• 5:02
  me
• 5:03
  to
• 5:03
  a
• 5:03
  client
• 5:03
  story.
• 5:03
  I
• 5:04
  had
• 5:04
  this
• 5:04
  one
• 5:04
  particular
• 5:05
  client,
• 5:06
  started
• 5:06
  working
• 5:06
  with
• 5:06
  this
• 5:06
  client
• 5:07
  when
• 5:07
  they
• 5:07
  were
• 5:07
  really
• 5:07
  young.
• 5:07
  They
• 5:08
  had
• 5:08
  just
• 5:08
  Gotten
• 5:08
  out
• 5:08
  of
• 5:08
  college,
• 5:09
  they
• 5:09
  were
• 5:09
  just
• 5:09
  getting
• 5:09
  established
• 5:11
  and
• 5:11
  I
• 5:11
  laid
• 5:11
  into
• 5:11
  them.
• 5:12
  I
• 5:12
  said,
• 5:12
  listen,
• 5:12
  here's
• 5:12
  a
• 5:12
  great
• 5:13
  idea
• 5:13
  for
• 5:13
  you.
• 5:14
  Take
• 5:14
  just
• 5:14
  a
• 5:15
  little
• 5:15
  bit
• 5:15
  of
• 5:15
  money.
• 5:15
  In
• 5:15
  fact,
• 5:15
  I
• 5:16
  think
• 5:16
  at
• 5:16
  that
• 5:16
  point
• 5:17
  he
• 5:17
  was
• 5:17
  doing
• 5:17
  $25
• 5:18
  a
• 5:18
  month.
• 5:18
  I
• 5:19
  said,
• 5:19
  I
• 5:19
  just
• 5:19
  want
• 5:19
  you
• 5:19
  to
• 5:19
  go
• 5:19
  find
• 5:20
  a
• 5:20
  broker
• 5:21
  and
• 5:21
  start
• 5:21
  doing
• 5:21
  some
• 5:22
  investing
• 5:22
  and
• 5:22
  buy
• 5:23
  some
• 5:23
  dividend
• 5:23
  paying
• 5:24
  stocks.
• 5:25
  Doesn't
• 5:25
  have
• 5:25
  to
• 5:25
  be
• 5:25
  anything
• 5:26
  big
• 5:26
  or
• 5:26
  anything
• 5:27
  elaborate
• 5:27
  like
• 5:28
  that.
• 5:28
  And
• 5:29
  build
• 5:29
  that
• 5:29
  extra
• 5:30
  monthly
• 5:30
  income
• 5:31
  stream.
• 5:32
  This
• 5:32
  wasn't
• 5:32
  flashy,
• 5:33
  this
• 5:33
  wasn't
• 5:34
  some,
• 5:34
  oh,
• 5:34
  I
• 5:34
  heard
• 5:35
  around
• 5:35
  the
• 5:35
  water
• 5:35
  cooler,
• 5:35
  I'm
• 5:36
  going
• 5:36
  to
• 5:36
  make
• 5:36
  a
• 5:36
  mint
• 5:36
  if
• 5:36
  I
• 5:36
  buy
• 5:37
  this
• 5:37
  stock.
• 5:37
  That's
• 5:37
  not
• 5:37
  what
• 5:38
  it
• 5:38
  was
• 5:38
  at
• 5:38
  all,
• 5:39
  but
• 5:39
  it
• 5:40
  was
• 5:40
  something
• 5:40
  that
• 5:41
  was
• 5:41
  consistent.
• 5:42
  It's
• 5:43
  something
• 5:43
  that
• 5:43
  added
• 5:44
  to
• 5:44
  his
• 5:45
  income
• 5:45
  and
• 5:45
  budget
• 5:46
  so
• 5:46
  that
• 5:47
  he
• 5:47
  could
• 5:47
  gain
• 5:47
  that
• 5:47
  financial
• 5:48
  freedom
• 5:48
  over
• 5:48
  time.
• 5:49
  And
• 5:49
  I
• 5:49
  love
• 5:49
  what
• 5:49
  Warren
• 5:49
  Buffett
• 5:50
  once
• 5:50
  said.
• 5:51
  He
• 5:51
  said,
• 5:51
  if
• 5:51
  you
• 5:52
  don't
• 5:52
  find
• 5:52
  a
• 5:52
  way
• 5:52
  to
• 5:52
  make
• 5:53
  money
• 5:53
  while
• 5:53
  you
• 5:53
  sleep,
• 5:54
  you
• 5:54
  will
• 5:54
  work
• 5:55
  until
• 5:55
  you
• 5:56
  die.
• 5:56
  Hey,
• 5:57
  that's
• 5:57
  a
• 5:57
  great
• 5:57
  quote,
• 5:57
  isn't
• 5:58
  it?
• 5:58
  But
• 5:59
  Warren
• 5:59
  Buffett
• 5:59
  nails
• 6:00
  it.
• 6:00
  If
• 6:00
  you
• 6:00
  don't
• 6:01
  find
• 6:01
  a
• 6:01
  way
• 6:01
  to
• 6:01
  make
• 6:02
  money
• 6:02
  while
• 6:02
  you
• 6:02
  sleep.
• 6:02
  That's
• 6:03
  what
• 6:03
  we're
• 6:03
  talking
• 6:03
  about
• 6:03
  here
• 6:03
  with
• 6:04
  passive
• 6:04
  income.
• 6:05
  We're
• 6:05
  really
• 6:05
  talking
• 6:06
  about
• 6:06
  putting
• 6:06
  your
• 6:07
  money
• 6:07
  to
• 6:07
  work
• 6:07
  even
• 6:08
  when
• 6:08
  your
• 6:08
  head's
• 6:09
  on
• 6:09
  the
• 6:09
  pillow
• 6:09
  at
• 6:09
  night.
• 6:10
  Because
• 6:10
  if
• 6:10
  you
• 6:10
  don't
• 6:11
  do
• 6:11
  that,
• 6:11
  guess
• 6:11
  what?
• 6:12
  You're
• 6:12
  going
• 6:12
  to
• 6:12
  work
• 6:13
  until
• 6:13
  the
• 6:13
  day
• 6:13
  you
• 6:13
  die.
• 6:14
  And
• 6:14
  listen,
• 6:14
  passive
• 6:15
  income
• 6:15
  isn't
• 6:15
  magic.
• 6:16
  I'm
• 6:16
  not
• 6:16
  talking
• 6:16
  about
• 6:16
  some
• 6:17
  magic
• 6:17
  tricks,
• 6:17
  Houdini
• 6:18
  pulling
• 6:18
  a
• 6:19
  rabbit
• 6:19
  out
• 6:19
  of
• 6:19
  a
• 6:19
  hat.
• 6:20
  It's
• 6:20
  the
• 6:21
  result
• 6:21
  of
• 6:21
  steady
• 6:22
  planning.
• 6:22
  Which
• 6:23
  means
• 6:23
  I
• 6:23
  really
• 6:23
  need
• 6:24
  to
• 6:24
  break
• 6:24
  down
• 6:24
  some
• 6:24
  myths
• 6:25
  right
• 6:25
  now.
• 6:25
  So
• 6:25
  many
• 6:25
  people
• 6:26
  see
• 6:26
  these
• 6:26
  knuckleheads
• 6:27
  or
• 6:27
  on
• 6:28
  social
• 6:28
  media,
• 6:29
  Instagram,
• 6:29
  TikTok,
• 6:30
  oh,
• 6:30
  you
• 6:30
  know,
• 6:30
  you
• 6:30
  can
• 6:31
  make
• 6:31
  a
• 6:31
  million
• 6:31
  dollars
• 6:31
  overnight
• 6:32
  while
• 6:32
  you
• 6:33
  sleep.
• 6:33
  Just
• 6:33
  send
• 6:34
  me
• 6:34
  10
• 6:34
  bucks.
• 6:35
  Guess
• 6:35
  what?
• 6:35
  You're
• 6:36
  going
• 6:36
  to
• 6:36
  send
• 6:36
  them
• 6:36
  10
• 6:36
  bucks.
• 6:36
  You're
• 6:37
  going
• 6:37
  to
• 6:37
  get
• 6:37
  nothing
• 6:37
  back.
• 6:38
  Because
• 6:38
  a
• 6:38
  lot
• 6:39
  of
• 6:39
  people
• 6:39
  have
• 6:39
  this
• 6:40
  belief,
• 6:40
  this
• 6:40
  social
• 6:41
  media
• 6:41
  hype,
• 6:41
  and
• 6:41
  I
• 6:41
  want
• 6:42
  you
• 6:42
  to
• 6:42
  watch
• 6:42
  out
• 6:42
  for
• 6:42
  that.
• 6:43
  They
• 6:43
  believe
• 6:43
  that
• 6:44
  passive
• 6:44
  income
• 6:44
  means
• 6:45
  instant
• 6:45
  money
• 6:45
  while
• 6:46
  you
• 6:46
  sleep.
• 6:46
  You
• 6:46
  know,
• 6:46
  you
• 6:47
  go
• 6:47
  to
• 6:47
  bed
• 6:47
  tonight,
• 6:47
  tomorrow
• 6:48
  morning
• 6:48
  you
• 6:48
  wake
• 6:49
  up
• 6:49
  and
• 6:49
  you're
• 6:49
  rich
• 6:50
  beyond
• 6:50
  measure.
• 6:51
  It's
• 6:51
  not
• 6:51
  going
• 6:52
  to
• 6:52
  work
• 6:52
  like
• 6:52
  that
• 6:53
  in
• 6:54
  reality.
• 6:55
  It
• 6:55
  takes
• 6:55
  discipline,
• 6:57
  it
• 6:57
  takes
• 6:57
  time
• 6:58
  and
• 6:59
  it
• 6:59
  takes
• 6:59
  patience.
• 7:00
  And
• 7:01
  here's
• 7:01
  a
• 7:01
  lot
• 7:01
  of
• 7:01
  thing
• 7:01
  a
• 7:02
  lot
• 7:02
  of
• 7:02
  people
• 7:02
  don't
• 7:02
  think
• 7:02
  about.
• 7:02
  A
• 7:03
  lot
• 7:03
  of
• 7:03
  people
• 7:03
  say,
• 7:03
  well,
• 7:03
  passive
• 7:04
  income
• 7:04
  means
• 7:04
  there's
• 7:04
  no
• 7:05
  effort
• 7:05
  in
• 7:05
  it.
• 7:06
  No,
• 7:06
  not
• 7:06
  at
• 7:06
  all.
• 7:07
  You
• 7:07
  gotta
• 7:07
  really
• 7:08
  understand
• 7:08
  what
• 7:08
  you're
• 7:09
  investing
• 7:09
  in.
• 7:10
  It's
• 7:10
  just
• 7:10
  not
• 7:10
  tied
• 7:10
  to
• 7:11
  the
• 7:11
  hours
• 7:11
  that
• 7:11
  you
• 7:12
  work.
• 7:13
  So
• 7:13
  let
• 7:13
  me
• 7:13
  ask
• 7:13
  you
• 7:14
  just
• 7:14
  a
• 7:14
  few
• 7:14
  questions.
• 7:16
  Do
• 7:16
  you
• 7:16
  want
• 7:17
  to
• 7:17
  chase
• 7:17
  those
• 7:17
  get
• 7:17
  rich
• 7:18
  quick
• 7:18
  schemes?
• 7:19
  Listen,
• 7:20
  I've
• 7:20
  talked
• 7:20
  to
• 7:20
  people.
• 7:20
  They
• 7:21
  say,
• 7:21
  Ralph,
• 7:21
  that's
• 7:21
  exactly
• 7:21
  what
• 7:22
  I
• 7:22
  want
• 7:22
  to
• 7:22
  do.
• 7:22
  I
• 7:22
  want
• 7:22
  to
• 7:22
  make
• 7:22
  a
• 7:23
  million
• 7:23
  dollars
• 7:23
  overnight.
• 7:23
  Well,
• 7:24
  this
• 7:24
  isn't
• 7:24
  to
• 7:24
  show
• 7:24
  for
• 7:24
  you,
• 7:25
  so
• 7:25
  click
• 7:25
  off
• 7:25
  now.
• 7:26
  Go
• 7:26
  find
• 7:26
  somebody
• 7:27
  else
• 7:27
  that's
• 7:27
  going
• 7:27
  to
• 7:27
  lie
• 7:27
  to
• 7:28
  you.
• 7:28
  That's
• 7:28
  not
• 7:28
  what
• 7:28
  I
• 7:28
  do
• 7:28
  here.
• 7:29
  Or
• 7:30
  do
• 7:30
  you
• 7:30
  want
• 7:30
  to
• 7:30
  build
• 7:30
  lasting
• 7:31
  financial
• 7:31
  confidence,
• 7:33
  something
• 7:33
  that's
• 7:34
  going
• 7:34
  to
• 7:34
  withstand
• 7:35
  the
• 7:35
  test
• 7:36
  of
• 7:36
  time?
• 7:37
  Let
• 7:37
  me
• 7:37
  ask
• 7:38
  you
• 7:38
  this
• 7:38
  question.
• 7:39
  Would
• 7:39
  you
• 7:39
  rather
• 7:39
  have
• 7:40
  unpredictable
• 7:41
  side
• 7:41
  hustle
• 7:41
  income
• 7:42
  or
• 7:43
  dividends
• 7:43
  that
• 7:43
  keep
• 7:44
  showing
• 7:44
  up
• 7:44
  year
• 7:44
  after
• 7:45
  year?
• 7:45
  See,
• 7:45
  a
• 7:45
  lot
• 7:46
  of
• 7:46
  people
• 7:46
  say,
• 7:46
  well,
• 7:46
  Ralph,
• 7:46
  I.
• 7:47
  I'm
• 7:47
  going
• 7:47
  to
• 7:47
  go
• 7:47
  get
• 7:47
  that
• 7:48
  side
• 7:48
  hustle.
• 7:48
  I'm
• 7:49
  going
• 7:49
  to
• 7:49
  do
• 7:49
  this,
• 7:49
  I'm
• 7:50
  going
• 7:50
  to
• 7:50
  do
• 7:50
  that.
• 7:50
  I'm
• 7:50
  going
• 7:50
  to
• 7:50
  be
• 7:50
  a
• 7:50
  photographer.
• 7:51
  I'm
• 7:52
  going
• 7:52
  to
• 7:52
  be
• 7:52
  a
• 7:52
  wedding
• 7:52
  planner.
• 7:53
  I
• 7:53
  encourage
• 7:53
  you
• 7:53
  to
• 7:53
  do
• 7:54
  those
• 7:54
  things.
• 7:55
  But
• 7:55
  the
• 7:55
  truth
• 7:55
  is
• 7:55
  those
• 7:56
  things
• 7:56
  are
• 7:56
  unpredictable.
• 7:57
  You
• 7:57
  never
• 7:57
  know
• 7:58
  if
• 7:58
  you're
• 7:58
  going
• 7:58
  to
• 7:59
  be
• 7:59
  able
• 7:59
  to
• 7:59
  make
• 7:59
  money
• 7:59
  with
• 8:00
  that.
• 8:00
  But
• 8:01
  dividends,
• 8:01
  stocks
• 8:02
  and
• 8:02
  things
• 8:02
  like
• 8:02
  that,
• 8:02
  these
• 8:03
  passive
• 8:03
  incomes,
• 8:03
  if
• 8:03
  you
• 8:04
  do
• 8:04
  it
• 8:04
  right,
• 8:04
  they
• 8:05
  will
• 8:05
  show
• 8:05
  up
• 8:05
  for
• 8:05
  you
• 8:06
  year
• 8:06
  after
• 8:07
  year.
• 8:08
  So
• 8:08
  let
• 8:08
  me
• 8:08
  give
• 8:08
  you
• 8:09
  some
• 8:09
  basic
• 8:09
  passive
• 8:10
  income
• 8:10
  ideas.
• 8:11
  And
• 8:11
  when
• 8:11
  I
• 8:11
  was
• 8:11
  preparing
• 8:11
  for
• 8:12
  the
• 8:12
  show,
• 8:12
  I.
• 8:12
  I
• 8:12
  didn't
• 8:13
  think
• 8:13
  about
• 8:13
  how
• 8:13
  simple
• 8:14
  these
• 8:14
  things
• 8:14
  really
• 8:14
  are.
• 8:15
  We've
• 8:15
  alluded
• 8:16
  to
• 8:16
  this
• 8:16
  one
• 8:16
  a
• 8:16
  couple
• 8:16
  times.
• 8:16
  Dividends
• 8:17
  from
• 8:17
  stocks.
• 8:18
  Let
• 8:18
  me
• 8:18
  drill
• 8:19
  into
• 8:19
  that
• 8:19
  just
• 8:19
  a
• 8:19
  little
• 8:20
  bit.
• 8:20
  The
• 8:21
  way
• 8:21
  dividends
• 8:21
  work
• 8:22
  is
• 8:22
  when
• 8:22
  you
• 8:22
  buy
• 8:23
  company
• 8:23
  stock,
• 8:24
  the
• 8:24
  company
• 8:25
  shares
• 8:26
  a
• 8:26
  part
• 8:26
  of
• 8:26
  their
• 8:26
  profits
• 8:27
  with
• 8:27
  you.
• 8:28
  For
• 8:28
  example,
• 8:29
  let's
• 8:29
  say
• 8:29
  you
• 8:29
  have
• 8:29
  $100,000
• 8:30
  in
• 8:30
  stocks.
• 8:31
  Now,
• 8:31
  that's
• 8:31
  a
• 8:31
  lot
• 8:31
  of
• 8:31
  money,
• 8:31
  but
• 8:32
  I
• 8:32
  just
• 8:32
  throw
• 8:32
  it
• 8:32
  out
• 8:32
  there
• 8:32
  because
• 8:33
  it's
• 8:33
  easy
• 8:33
  to
• 8:33
  see
• 8:34
  this
• 8:34
  mental
• 8:34
  math
• 8:35
  picture.
• 8:36
  If
• 8:36
  you
• 8:36
  have
• 8:36
  $100,000
• 8:37
  in
• 8:38
  stocks
• 8:38
  and
• 8:39
  let's
• 8:39
  say
• 8:39
  the
• 8:39
  company's
• 8:40
  giving
• 8:40
  you
• 8:40
  a
• 8:40
  3%
• 8:41
  yield
• 8:41
  or
• 8:41
  a
• 8:41
  3%
• 8:42
  dividend,
• 8:42
  think
• 8:42
  about
• 8:43
  this.
• 8:43
  You're
• 8:44
  going
• 8:44
  to
• 8:44
  earn
• 8:44
  $3,000
• 8:45
  a
• 8:45
  year.
• 8:46
  All
• 8:47
  you're
• 8:47
  doing
• 8:47
  is
• 8:47
  staying
• 8:48
  invested
• 8:48
  in
• 8:48
  that
• 8:49
  company.
• 8:50
  And
• 8:50
  that's
• 8:50
  a
• 8:50
  steady
• 8:50
  way
• 8:51
  to
• 8:51
  build
• 8:51
  wealth
• 8:51
  over
• 8:52
  time.
• 8:53
  Now,
• 8:53
  maybe
• 8:53
  you're
• 8:53
  not
• 8:53
  big
• 8:54
  into
• 8:54
  the
• 8:54
  stock
• 8:55
  market.
• 8:55
  Well,
• 8:55
  you
• 8:55
  can
• 8:55
  do
• 8:55
  it
• 8:55
  with
• 8:56
  bonds,
• 8:56
  you
• 8:56
  can
• 8:56
  do
• 8:56
  it
• 8:57
  with
• 8:57
  certificates
• 8:57
  of
• 8:58
  deposits.
• 8:59
  As
• 8:59
  we
• 8:59
  talked
• 9:00
  about
• 9:00
  on
• 9:00
  the
• 9:00
  show
• 9:00
  a
• 9:00
  couple
• 9:01
  weeks
• 9:01
  back,
• 9:02
  when
• 9:02
  you
• 9:02
  buy
• 9:02
  these
• 9:02
  things,
• 9:03
  there's
• 9:03
  lower
• 9:03
  returns
• 9:04
  because
• 9:04
  there's
• 9:04
  lower
• 9:04
  risk.
• 9:05
  They're
• 9:06
  more
• 9:06
  predictable.
• 9:06
  When
• 9:07
  you
• 9:07
  put
• 9:07
  that
• 9:07
  money
• 9:08
  in
• 9:08
  that
• 9:08
  CD
• 9:09
  every
• 9:09
  month,
• 9:10
  guess
• 9:10
  what?
• 9:10
  The
• 9:11
  bank
• 9:11
  is
• 9:11
  going
• 9:11
  to
• 9:11
  put
• 9:12
  interest
• 9:12
  in
• 9:13
  your
• 9:13
  account.
• 9:14
  When
• 9:14
  you
• 9:14
  get
• 9:14
  to
• 9:14
  the
• 9:15
  end
• 9:15
  of
• 9:15
  what's
• 9:15
  called
• 9:15
  the
• 9:16
  maturity,
• 9:16
  you're
• 9:17
  Going
• 9:17
  to
• 9:17
  have
• 9:17
  more
• 9:17
  money
• 9:17
  than
• 9:17
  when
• 9:18
  you
• 9:18
  started.
• 9:18
  Again,
• 9:19
  it's
• 9:19
  not
• 9:19
  flashy,
• 9:20
  but
• 9:20
  it's
• 9:21
  reliable.
• 9:22
  Now,
• 9:22
  we
• 9:23
  also
• 9:23
  talked
• 9:23
  about
• 9:23
  real
• 9:23
  estate
• 9:24
  investments.
• 9:24
  I'm
• 9:24
  not
• 9:24
  going
• 9:25
  to
• 9:25
  get
• 9:25
  too
• 9:25
  deep
• 9:25
  into
• 9:25
  those
• 9:26
  details.
• 9:27
  But
• 9:27
  rental
• 9:27
  properties,
• 9:28
  those
• 9:28
  are
• 9:28
  great
• 9:29
  passive
• 9:29
  incomes.
• 9:30
  There's
• 9:30
  some
• 9:31
  active
• 9:31
  when
• 9:31
  you
• 9:32
  go
• 9:32
  find
• 9:32
  the
• 9:32
  property,
• 9:33
  get
• 9:33
  the
• 9:33
  property
• 9:33
  ready
• 9:34
  for
• 9:34
  rent.
• 9:34
  But
• 9:35
  once
• 9:35
  it's
• 9:35
  set
• 9:35
  up
• 9:36
  and
• 9:36
  once
• 9:36
  it's
• 9:36
  being
• 9:36
  rented,
• 9:37
  that
• 9:37
  can
• 9:38
  grow
• 9:38
  into
• 9:38
  a
• 9:38
  large
• 9:38
  income
• 9:39
  source.
• 9:39
  I
• 9:39
  work
• 9:39
  with
• 9:39
  clients
• 9:40
  that
• 9:40
  have
• 9:40
  many,
• 9:41
  many
• 9:41
  rental
• 9:41
  properties.
• 9:42
  It's
• 9:42
  a
• 9:43
  huge
• 9:43
  thing.
• 9:44
  Maybe
• 9:44
  you're
• 9:44
  not.
• 9:44
  You
• 9:45
  don't
• 9:45
  have
• 9:45
  the
• 9:45
  stomach
• 9:45
  for
• 9:46
  the
• 9:46
  rental
• 9:46
  properties.
• 9:46
  You
• 9:46
  can
• 9:47
  do
• 9:47
  those
• 9:47
  REITs
• 9:47
  that
• 9:47
  we
• 9:47
  talked
• 9:48
  about,
• 9:48
  that
• 9:48
  that's
• 9:49
  basically
• 9:49
  rental
• 9:50
  properties
• 9:50
  that
• 9:50
  are
• 9:50
  handled
• 9:51
  like
• 9:51
  stocks.
• 9:52
  And
• 9:52
  listen,
• 9:53
  some
• 9:53
  of
• 9:53
  those
• 9:53
  pay
• 9:54
  3
• 9:54
  to
• 9:54
  5%
• 9:54
  of
• 9:55
  your
• 9:55
  investment
• 9:55
  every
• 9:55
  year.
• 9:56
  Again,
• 9:56
  while
• 9:56
  you're
• 9:57
  sleeping,
• 9:57
  that
• 9:58
  REIT
• 9:58
  is
• 9:58
  giving
• 9:59
  you
• 9:59
  back
• 9:59
  income.
• 10:00
  And
• 10:00
  we
• 10:00
  hit
• 10:01
  this
• 10:01
  one
• 10:01
  a
• 10:01
  little
• 10:01
  bit
• 10:01
  a
• 10:01
  couple
• 10:02
  weeks
• 10:02
  ago.
• 10:02
  That's
• 10:02
  index
• 10:03
  funds
• 10:03
  and
• 10:03
  ETFs.
• 10:04
  Those
• 10:04
  are
• 10:04
  also
• 10:05
  great
• 10:05
  passive
• 10:06
  income
• 10:07
  streams.
• 10:07
  Remember,
• 10:08
  they're
• 10:08
  like
• 10:08
  baskets
• 10:08
  of
• 10:09
  different
• 10:09
  stocks,
• 10:09
  so
• 10:09
  you're
• 10:09
  not
• 10:10
  playing
• 10:10
  one
• 10:10
  individual
• 10:10
  stock.
• 10:11
  The
• 10:11
  beauty
• 10:12
  to
• 10:12
  them,
• 10:12
  as
• 10:12
  I
• 10:12
  talked
• 10:13
  about
• 10:13
  before,
• 10:13
  is
• 10:14
  they've
• 10:14
  got
• 10:14
  lower
• 10:14
  fees
• 10:15
  and
• 10:15
  they
• 10:15
  spread
• 10:15
  out
• 10:15
  that
• 10:16
  risk.
• 10:16
  But
• 10:17
  that's
• 10:17
  something
• 10:17
  else
• 10:17
  that
• 10:17
  you
• 10:17
  can
• 10:18
  buy
• 10:18
  and
• 10:18
  let
• 10:19
  them
• 10:19
  grow
• 10:19
  over
• 10:20
  time.
• 10:21
  You
• 10:21
  might
• 10:21
  be
• 10:21
  saying,
• 10:21
  great,
• 10:21
  great,
• 10:22
  Ralph,
• 10:22
  I
• 10:22
  want
• 10:22
  to
• 10:22
  do
• 10:22
  this,
• 10:23
  but
• 10:23
  how
• 10:23
  do
• 10:23
  I
• 10:23
  effectively
• 10:24
  do
• 10:24
  it?
• 10:24
  So
• 10:24
  here's
• 10:25
  your
• 10:25
  one
• 10:25
  action
• 10:26
  step
• 10:26
  today
• 10:27
  of
• 10:27
  how
• 10:27
  to
• 10:28
  build
• 10:28
  this.
• 10:29
  You
• 10:29
  don't
• 10:29
  have
• 10:29
  to
• 10:30
  be
• 10:30
  a
• 10:30
  mega
• 10:31
  investor.
• 10:32
  You
• 10:32
  can
• 10:33
  start
• 10:33
  small.
• 10:33
  You
• 10:34
  can
• 10:34
  open
• 10:34
  a
• 10:34
  brokerage
• 10:34
  account
• 10:35
  with
• 10:35
  20
• 10:35
  bucks.
• 10:36
  It's
• 10:36
  really
• 10:36
  that
• 10:37
  simple.
• 10:38
  You
• 10:38
  can
• 10:38
  just
• 10:39
  go
• 10:39
  and
• 10:39
  find
• 10:39
  that
• 10:40
  account,
• 10:40
  put
• 10:40
  $20
• 10:41
  a
• 10:41
  month
• 10:41
  into
• 10:41
  it,
• 10:42
  start
• 10:42
  buying
• 10:43
  some
• 10:43
  of
• 10:43
  these
• 10:43
  dividend
• 10:44
  paying
• 10:44
  ETFs.
• 10:45
  Once
• 10:46
  you
• 10:46
  do
• 10:46
  that,
• 10:46
  here's
• 10:47
  one
• 10:47
  of
• 10:47
  my
• 10:47
  little
• 10:47
  tricks.
• 10:48
  Automate
• 10:48
  that
• 10:48
  process.
• 10:49
  A
• 10:50
  lot
• 10:50
  of
• 10:50
  people
• 10:50
  will
• 10:50
  do
• 10:50
  that
• 10:51
  first
• 10:51
  investment,
• 10:51
  then
• 10:51
  they
• 10:52
  never
• 10:52
  do
• 10:52
  it
• 10:52
  again.
• 10:53
  Reinvest
• 10:53
  those
• 10:54
  dividends
• 10:54
  as
• 10:54
  I
• 10:54
  talked
• 10:55
  about.
• 10:55
  That's
• 10:55
  a
• 10:55
  great
• 10:55
  tip.
• 10:56
  But,
• 10:56
  but
• 10:56
  automate
• 10:56
  the
• 10:57
  process.
• 10:57
  Set
• 10:58
  it
• 10:58
  up
• 10:58
  so
• 10:58
  that
• 10:58
  whenever
• 10:58
  you
• 10:58
  get
• 10:59
  your
• 10:59
  paycheck
• 10:59
  automatically,
• 11:00
  you
• 11:00
  put
• 11:01
  that
• 11:01
  money
• 11:01
  into
• 11:02
  retirement
• 11:02
  or
• 11:03
  into
• 11:03
  that
• 11:03
  investment
• 11:04
  plan.
• 11:04
  It's
• 11:04
  a
• 11:04
  great
• 11:05
  way
• 11:05
  to
• 11:05
  automate
• 11:05
  that.
• 11:06
  And
• 11:06
  as
• 11:06
  we
• 11:06
  talked
• 11:07
  about
• 11:07
  a
• 11:07
  couple
• 11:07
  weeks
• 11:07
  ago,
• 11:08
  make
• 11:08
  sure
• 11:08
  you're
• 11:08
  diversifying
• 11:09
  this.
• 11:09
  We
• 11:10
  did
• 11:10
  a
• 11:10
  show
• 11:10
  about
• 11:10
  that.
• 11:10
  You
• 11:10
  could
• 11:11
  check
• 11:11
  that
• 11:11
  out
• 11:11
  in
• 11:11
  our
• 11:11
  archive
• 11:12
  as
• 11:12
  well.
• 11:12
  But
• 11:13
  mixed
• 11:13
  stocks,
• 11:13
  mixed
• 11:14
  bonds
• 11:14
  and
• 11:14
  REITs,
• 11:14
  you
• 11:15
  don't
• 11:15
  have
• 11:15
  to
• 11:15
  be
• 11:15
  a
• 11:16
  super
• 11:16
  market
• 11:17
  investment
• 11:18
  genius
• 11:18
  to
• 11:18
  do
• 11:18
  this.
• 11:19
  There
• 11:19
  are
• 11:19
  some
• 11:19
  great
• 11:19
  funds
• 11:20
  out
• 11:20
  there
• 11:20
  that
• 11:21
  do
• 11:21
  this.
• 11:22
  But
• 11:22
  bigger
• 11:23
  than
• 11:23
  all
• 11:23
  those
• 11:23
  things,
• 11:23
  you
• 11:24
  really
• 11:24
  need
• 11:24
  to
• 11:24
  take
• 11:24
  a
• 11:24
  second
• 11:25
  and
• 11:25
  think
• 11:25
  about
• 11:26
  shifting
• 11:26
  your
• 11:27
  mindset.
• 11:28
  Because
• 11:28
  so
• 11:28
  many
• 11:28
  people
• 11:29
  hear
• 11:29
  passive
• 11:29
  income,
• 11:29
  they're
• 11:30
  like,
• 11:30
  oh,
• 11:30
  this
• 11:30
  is
• 11:30
  great.
• 11:30
  I'm
• 11:31
  going
• 11:31
  to
• 11:31
  quit
• 11:31
  my
• 11:31
  job
• 11:31
  next
• 11:32
  week.
• 11:32
  I'm
• 11:32
  not
• 11:32
  going
• 11:32
  to
• 11:32
  have
• 11:33
  to
• 11:33
  work
• 11:33
  again.
• 11:33
  Doesn't
• 11:34
  work
• 11:34
  that
• 11:34
  way.
• 11:35
  But
• 11:35
  if
• 11:35
  you
• 11:36
  take
• 11:36
  that
• 11:36
  consistent
• 11:37
  ability
• 11:37
  to
• 11:38
  build
• 11:38
  that
• 11:38
  plan,
• 11:39
  what
• 11:39
  it
• 11:39
  does
• 11:39
  do,
• 11:39
  over
• 11:40
  time,
• 11:40
  it
• 11:41
  creates
• 11:41
  financial
• 11:42
  breathing
• 11:42
  room.
• 11:43
  I
• 11:44
  thought
• 11:44
  this
• 11:44
  was
• 11:44
  a
• 11:44
  great
• 11:44
  analogy.
• 11:45
  Think
• 11:45
  of
• 11:46
  passive
• 11:46
  income
• 11:46
  not
• 11:46
  as
• 11:47
  an
• 11:47
  escape
• 11:47
  hatch,
• 11:48
  but
• 11:48
  it's
• 11:48
  not
• 11:48
  going
• 11:48
  to
• 11:48
  pop
• 11:48
  open,
• 11:49
  you're
• 11:49
  going
• 11:49
  to
• 11:49
  fly
• 11:49
  out.
• 11:50
  But
• 11:50
  it's
• 11:51
  a
• 11:51
  safety
• 11:51
  net
• 11:51
  that
• 11:52
  grows
• 11:52
  stronger
• 11:53
  year
• 11:53
  after
• 11:53
  year.
• 11:54
  Well,
• 11:54
  let's
• 11:55
  get
• 11:55
  into
• 11:55
  the
• 11:55
  Bible.
• 11:55
  Today
• 11:56
  I
• 11:56
  found
• 11:56
  this
• 11:56
  verse
• 11:57
  from
• 11:57
  the
• 11:57
  book
• 11:57
  of
• 11:57
  Ecclesiastes.
• 11:58
  Now
• 11:58
  that's
• 11:59
  a
• 11:59
  big
• 11:59
  word
• 11:59
  to
• 11:59
  use.
• 11:59
  One
• 12:00
  of
• 12:00
  my
• 12:00
  favorite
• 12:00
  books
• 12:00
  of
• 12:00
  the
• 12:00
  Bible,
• 12:01
  though,
• 12:01
  Ecclesiastes,
• 12:02
  chapter
• 12:03
  11,
• 12:03
  verse
• 12:03
  6.
• 12:04
  And
• 12:05
  this
• 12:05
  one
• 12:05
  just
• 12:05
  nails
• 12:06
  exactly
• 12:06
  what
• 12:06
  I'm
• 12:06
  talking
• 12:07
  about
• 12:07
  again.
• 12:08
  Ecclesiastes
• 12:08
  11:6.
• 12:10
  Sow
• 12:10
  your
• 12:11
  seed
• 12:11
  in
• 12:11
  the
• 12:11
  morning
• 12:12
  and
• 12:12
  at
• 12:12
  the
• 12:13
  evening
• 12:13
  let
• 12:13
  your
• 12:13
  hands
• 12:14
  not
• 12:14
  be
• 12:14
  idle,
• 12:15
  for
• 12:15
  you
• 12:15
  do
• 12:16
  not
• 12:16
  know
• 12:16
  which
• 12:16
  will
• 12:16
  succeed,
• 12:17
  whether
• 12:17
  this
• 12:17
  or
• 12:18
  that
• 12:18
  or
• 12:18
  whether
• 12:18
  both
• 12:19
  will
• 12:19
  do
• 12:19
  equally
• 12:20
  well.
• 12:21
  Let's
• 12:21
  unwind
• 12:22
  that
• 12:22
  a
• 12:22
  bit.
• 12:23
  Sow
• 12:23
  that
• 12:23
  seed
• 12:23
  in
• 12:24
  the
• 12:24
  morning.
• 12:24
  Plant
• 12:24
  those
• 12:25
  investments,
• 12:25
  plant
• 12:26
  those
• 12:26
  things
• 12:26
  in
• 12:27
  that
• 12:27
  passive
• 12:27
  thing.
• 12:28
  But
• 12:28
  again,
• 12:28
  what's
• 12:29
  the
• 12:29
  Bible
• 12:29
  telling
• 12:29
  us?
• 12:30
  Don't
• 12:31
  quit
• 12:31
  working.
• 12:31
  Right?
• 12:32
  It's
• 12:32
  not
• 12:32
  telling
• 12:32
  us
• 12:33
  to
• 12:33
  quit
• 12:33
  working.
• 12:33
  It
• 12:33
  says
• 12:33
  don't
• 12:34
  let
• 12:34
  your
• 12:34
  hands
• 12:34
  be
• 12:35
  idle
• 12:36
  because
• 12:36
  both
• 12:36
  things.
• 12:37
  You
• 12:37
  don't
• 12:37
  know
• 12:37
  which
• 12:37
  is
• 12:37
  going
• 12:38
  to
• 12:38
  work
• 12:38
  out
• 12:38
  better,
• 12:39
  this
• 12:39
  or
• 12:40
  that
• 12:41
  or
• 12:41
  maybe
• 12:42
  what
• 12:42
  is
• 12:42
  the
• 12:42
  Bible
• 12:42
  telling
• 12:43
  us?
• 12:43
  Maybe
• 12:44
  they'll
• 12:44
  both
• 12:44
  do
• 12:44
  equally
• 12:45
  well.
• 12:45
  Why
• 12:46
  about
• 12:46
  we
• 12:46
  pray
• 12:46
  together
• 12:47
  right
• 12:47
  now?
• 12:48
  Father,
• 12:48
  we
• 12:48
  come
• 12:49
  to
• 12:49
  you
• 12:49
  right
• 12:49
  now
• 12:49
  and
• 12:50
  we're
• 12:50
  a
• 12:50
  little
• 12:50
  bit
• 12:50
  confused
• 12:51
  sometimes
• 12:51
  with
• 12:51
  all
• 12:52
  the
• 12:52
  jargon
• 12:52
  and
• 12:52
  the
• 12:53
  things
• 12:53
  coming
• 12:53
  at
• 12:53
  us
• 12:53
  from
• 12:53
  all
• 12:53
  directions.
• 12:54
  These
• 12:54
  get
• 12:54
  rich
• 12:55
  quick
• 12:55
  schemes
• 12:55
  and
• 12:55
  his
• 12:56
  passive
• 12:56
  income.
• 12:57
  So,
• 12:57
  Lord,
• 12:57
  right
• 12:57
  now
• 12:57
  we
• 12:57
  just
• 12:58
  ask
• 12:58
  you
• 12:58
  for
• 12:58
  wisdom.
• 12:59
  Help
• 13:00
  us
• 13:00
  to
• 13:00
  understand
• 13:00
  how
• 13:01
  to
• 13:01
  build
• 13:01
  these
• 13:01
  multiple
• 13:02
  income
• 13:03
  streams,
• 13:03
  Lord.
• 13:03
  Give
• 13:04
  us
• 13:04
  guidance.
• 13:05
  Show
• 13:05
  us
• 13:06
  to
• 13:06
  use
• 13:06
  this
• 13:06
  passive
• 13:07
  income
• 13:07
  not
• 13:08
  for
• 13:08
  our
• 13:08
  own
• 13:08
  greedy
• 13:09
  purposes,
• 13:09
  but.
• 13:10
  But
• 13:10
  to
• 13:10
  build
• 13:10
  the
• 13:11
  kingdom
• 13:11
  of
• 13:11
  God
• 13:11
  for
• 13:12
  good
• 13:12
  purposes.
• 13:13
  We
• 13:13
  just
• 13:13
  thank
• 13:14
  you,
• 13:14
  Lord,
• 13:14
  for
• 13:14
  the
• 13:15
  creativity
• 13:15
  and
• 13:15
  the
• 13:16
  opportunities
• 13:16
  that
• 13:16
  you
• 13:16
  put
• 13:17
  right
• 13:17
  in
• 13:17
  front
• 13:17
  of
• 13:17
  us
• 13:17
  to
• 13:18
  grow
• 13:18
  these
• 13:18
  resources
• 13:19
  in
• 13:19
  our
• 13:19
  everyday
• 13:20
  lives.
• 13:20
  And
• 13:20
  we
• 13:20
  just
• 13:20
  thank
• 13:20
  you
• 13:21
  and
• 13:21
  we
• 13:21
  praise
• 13:21
  you,
• 13:22
  Lord.
• 13:22
  We
• 13:22
  ask
• 13:22
  this
• 13:23
  in
• 13:23
  confidence
• 13:23
  in
• 13:23
  the
• 13:23
  name
• 13:24
  of
• 13:24
  Jesus.
• 13:25
  Amen.
• 13:26
  All
• 13:26
  right,
• 13:27
  one
• 13:27
  more
• 13:27
  action
• 13:27
  item.
• 13:28
  I
• 13:28
  want
• 13:28
  you
• 13:28
  to
• 13:29
  just
• 13:29
  choose
• 13:29
  one
• 13:29
  passive
• 13:30
  income
• 13:30
  stream
• 13:30
  this
• 13:31
  week,
• 13:31
  whether
• 13:31
  it
• 13:31
  be
• 13:32
  a
• 13:32
  dividend,
• 13:32
  a
• 13:33
  reit,
• 13:33
  or
• 13:33
  some
• 13:33
  bond
• 13:34
  fund,
• 13:34
  and
• 13:34
  write
• 13:35
  a
• 13:35
  goal
• 13:35
  for
• 13:35
  yourself.
• 13:35
  We
• 13:36
  talk
• 13:36
  about
• 13:36
  on
• 13:37
  my
• 13:37
  show
• 13:37
  what
• 13:37
  gets
• 13:37
  measured
• 13:38
  gets
• 13:38
  done.
• 13:39
  Write
• 13:39
  that
• 13:39
  goal.
• 13:39
  And
• 13:39
  like
• 13:40
  I
• 13:40
  said
• 13:40
  it
• 13:40
  doesn't
• 13:40
  have
• 13:40
  to
• 13:40
  be
• 13:41
  a
• 13:41
  ton
• 13:41
  of
• 13:41
  money.
• 13:42
  Start
• 13:42
  small
• 13:43
  but
• 13:43
  make
• 13:43
  that
• 13:44
  commitment
• 13:44
  for
• 13:44
  the
• 13:44
  long
• 13:45
  term.
• 13:45
  Because
• 13:45
  remember
• 13:46
  this
• 13:47
  passive
• 13:47
  income
• 13:48
  is
• 13:48
  money
• 13:48
  working
• 13:49
  for
• 13:49
  you.
• 13:49
  Guess
• 13:49
  what?
• 13:50
  You're
• 13:50
  the
• 13:50
  boss.
• 13:51
  Dividends,
• 13:52
  bonds,
• 13:52
  rentals,
• 13:52
  REITs
• 13:53
  are
• 13:53
  all
• 13:53
  practical
• 13:54
  options.
• 13:54
  And
• 13:54
  again,
• 13:54
  remember
• 13:55
  it's
• 13:55
  not
• 13:55
  magic.
• 13:56
  Planning
• 13:57
  and
• 13:57
  wisdom
• 13:57
  are
• 13:58
  required,
• 13:58
  but
• 13:59
  what
• 13:59
  you'll
• 13:59
  find
• 13:59
  in
• 14:00
  the
• 14:00
  end
• 14:00
  is
• 14:01
  freedom
• 14:02
  comes
• 14:02
  from
• 14:02
  multiple
• 14:02
  streams
• 14:03
  and
• 14:03
  faith
• 14:04
  filled
• 14:04
  stewardship.
• 14:05
  Again,
• 14:06
  it's
• 14:06
  not
• 14:06
  quick
• 14:06
  cash,
• 14:06
  it's
• 14:07
  confidence.
• 14:08
  It
• 14:08
  shows
• 14:08
  your
• 14:08
  money
• 14:09
  works
• 14:09
  for
• 14:09
  you
• 14:10
  and
• 14:10
  that
• 14:10
  anyone
• 14:11
  can
• 14:11
  start
• 14:11
  with
• 14:11
  just
• 14:12
  $25
• 14:13
  a
• 14:13
  month.
• 14:14
  Are
• 14:14
  you
• 14:14
  encouraged
• 14:15
  by
• 14:15
  that?
• 14:15
  I
• 14:15
  don't
• 14:16
  know
• 14:16
  about
• 14:16
  you,
• 14:16
  but
• 14:16
  I
• 14:16
  am.
• 14:16
  Well,
• 14:17
  tomorrow
• 14:17
  we're
• 14:17
  going
• 14:17
  to
• 14:18
  continue
• 14:18
  in
• 14:18
  our
• 14:18
  financial
• 14:19
  series
• 14:19
  and
• 14:20
  we're
• 14:20
  going
• 14:20
  to
• 14:20
  talk
• 14:20
  about
• 14:20
  what's
• 14:21
  a
• 14:21
  financial
• 14:21
  advisor
• 14:22
  and
• 14:22
  do
• 14:23
  I
• 14:23
  need
• 14:23
  one
• 14:23
  for
• 14:24
  investing?
• 14:24
  That's
• 14:25
  a
• 14:25
  great
• 14:25
  question
• 14:26
  and
• 14:26
  it's
• 14:26
  something
• 14:26
  that
• 14:27
  we
• 14:27
  hear
• 14:27
  all
• 14:27
  kinds
• 14:28
  of
• 14:28
  pros
• 14:28
  and
• 14:28
  cons
• 14:28
  about.
• 14:29
  But
• 14:29
  I'm
• 14:29
  going
• 14:29
  to
• 14:29
  break
• 14:29
  it
• 14:29
  down
• 14:29
  on
• 14:30
  the
• 14:30
  show
• 14:30
  tomorrow
• 14:31
  and
• 14:31
  really
• 14:31
  show
• 14:31
  to
• 14:32
  you
• 14:32
  why
• 14:32
  I
• 14:32
  think
• 14:32
  you
• 14:33
  might
• 14:33
  want
• 14:33
  to
• 14:33
  consider
• 14:34
  having
• 14:34
  one
• 14:35
  of
• 14:35
  those
• 14:35
  financial
• 14:36
  investors.
• 14:37
  So
• 14:37
  here's
• 14:37
  my
• 14:37
  charge
• 14:38
  for
• 14:38
  you
• 14:38
  today.
• 14:39
  I
• 14:39
  would
• 14:39
  love
• 14:39
  for
• 14:39
  you
• 14:39
  to
• 14:40
  spread
• 14:40
  the
• 14:40
  word
• 14:40
  about
• 14:40
  this
• 14:41
  show.
• 14:41
  I
• 14:42
  feel
• 14:42
  like
• 14:42
  we're
• 14:42
  making
• 14:42
  an
• 14:42
  impact.
• 14:43
  I
• 14:43
  hope
• 14:43
  you
• 14:43
  feel
• 14:43
  the
• 14:44
  same
• 14:44
  way
• 14:44
  too.
• 14:45
  Share
• 14:45
  it
• 14:45
  with
• 14:45
  a
• 14:45
  friend,
• 14:46
  post
• 14:46
  it
• 14:46
  online,
• 14:47
  invite
• 14:47
  others
• 14:48
  to
• 14:48
  come
• 14:48
  and
• 14:48
  listen
• 14:48
  to
• 14:49
  what
• 14:49
  we
• 14:49
  talk
• 14:49
  about.
• 14:49
  We
• 14:50
  talk
• 14:50
  about
• 14:50
  hope
• 14:50
  here.
• 14:51
  We
• 14:51
  talk
• 14:51
  about
• 14:51
  breaking
• 14:52
  that
• 14:52
  cycle
• 14:52
  of
• 14:52
  financial
• 14:53
  shame.
• 14:53
  The
• 14:54
  more
• 14:54
  we
• 14:54
  can
• 14:54
  grow
• 14:54
  together,
• 14:55
  the
• 14:55
  more
• 14:55
  impact
• 14:56
  we
• 14:56
  can
• 14:56
  make.
• 14:56
  Just
• 14:56
  send
• 14:57
  them
• 14:57
  to
• 14:57
  our
• 14:57
  website.
• 14:58
  That's
• 14:58
  Financially
• 14:59
  Confident
• 14:59
  Christian.
• 15:01
  Again,
• 15:01
  that's
• 15:01
  financiallyconfidentChristian.com
• 15:04
  because
• 15:04
  you
• 15:04
  never
• 15:04
  know,
• 15:05
  your
• 15:05
  share
• 15:06
  may
• 15:07
  just
• 15:07
  be
• 15:07
  the
• 15:07
  thing
• 15:08
  that
• 15:08
  they
• 15:08
  need
• 15:08
  to
• 15:09
  finally
• 15:09
  break
• 15:09
  free
• 15:10
  of
• 15:10
  that
• 15:11
  financial
• 15:11
  shame.
• 15:13
  Let
• 15:13
  me
• 15:13
  end
• 15:13
  with
• 15:13
  this.
• 15:14
  True
• 15:15
  financial
• 15:15
  confidence
• 15:16
  isn't
• 15:16
  about
• 15:16
  chasing
• 15:17
  a
• 15:17
  side
• 15:17
  hustle
• 15:17
  that
• 15:18
  you
• 15:18
  hate.
• 15:19
  It's
• 15:19
  about
• 15:19
  knowing
• 15:19
  your
• 15:20
  investments
• 15:20
  are
• 15:20
  quietly
• 15:21
  building
• 15:21
  freedom
• 15:21
  for
• 15:22
  you.
• 15:23
  So
• 15:23
  go
• 15:23
  out
• 15:23
  there
• 15:23
  today
• 15:24
  and
• 15:24
  be
• 15:24
  a
• 15:25
  financially
• 15:25
  confident
• 15:26
  Christian.
• 15:26
  Stay
• 15:27
  financially
• 15:27
  savvy,
• 15:28
  keep
• 15:28
  trusting
• 15:28
  God
• 15:29
  with
• 15:29
  your
• 15:29
  resources.
• 15:29
  And
• 15:30
  I
• 15:30
  just
• 15:30
  want
• 15:30
  to
• 15:30
  thank
• 15:30
  you
• 15:30
  right
• 15:31
  now
• 15:31
  for
• 15:31
  being
• 15:31
  part
• 15:32
  of
• 15:32
  Journey.
• 15:32
  God
• 15:33
  bless
• 15:33
  you
• 15:33
  and
• 15:34
  you
• 15:34
  have
• 15:34
  a
• 15:34
  great
• 15:34
  day
• 15:34
  today.