Passive Income and Aggressive Retirement: Change Your Relationship With Money. Transform Your Financial Future. Attain Freedom and Independence and Retire Early

By Shaun M. Durrant

Discover the Holy Grail of Financial Freedom and Stress-Free Retirement: Escape Your 9-5 Job and Earn A Six-Figure Income Without Leaving Your House.

Do you feel frustrated when you see those Instagram influencers earning millions, while you slave away at your boring 9-5 job?

Are you worried you won't be able to save enough to secure your financial stability when you retire?

Have you already googled passive income ideas and felt overwhelmed by the more than 7 million results?

In the last few years, passive income has become a global phenomenon. You hear stories about bloggers making a fortune, people getting filthy rich on Youtube, and influencers retiring in their 30s.

These stories paint a lovely picture of success and wealth.

But wait a minute: if it's that easy, why isn't everyone doing it?

The truth is, passive income models, whether it's an online business or stock trading, require just as much dedication as any other job.

But the rewards are much bigger.

Once you discover which model suits you the best, you'll be able to:

Make good money through various endeavors that require no investment, and minimum maintenance

Be your own boss, work from the comfort of your home, and escape that stuffy office cubicle

Secure your retirement, and establish business models that will automatically generate extra income, year after year

The hardest part of generating a passive income is choosing the one source that's right for you. The options are numerous, and getting swamped by too many of them is a common occurrence.

In A Guide to Passive Income and Aggressive Retirement, you'll discover:

Everything you need to know about passive income to start generating it NOW: the benefits, types, and myths

How your habits and mindset might be hindering your progress… and how to reverse it to become success-driven

Comprehensive guides on passive and active investing to help you navigate the world of day trading

Tested strategies for investing in real estate, including types of properties you don't need to invest a single dollar in

Top secret investment tips and tricks that filthy-rich stockbrokers don't want you to know, including how to make money from ETFs

A thorough guide on IRAs (Individual Retirement Accounts) to help you retire as early as you want by choosing the most profitable model

How to turn your hobby into a successful business and earn thousands of dollars as a successful self-publisher, Youtube influencer, or dropshipping mogul

Top 10 mistakes almost all beginners make: ensure your passive income project starts off on the right foot

And much more.

Even if you've never heard about some of these models, you can still cash in on them and build a successful enterprise that will ensure you're not imprisoned by your 9-5 job until you're 65.

If you want to achieve financial and personal freedom, earning income on your own terms, then scroll up and click the "Add to Cart" button right now.

• Language: English
• Publisher: Shaun M. Durrant
• Release date: Sep 29, 2022
• ISBN: 9798215346808

Book preview

Passive Income and Aggressive Retirement

Change Your Relationship With Money. Transform Your Financial Future. Attain Freedom and Independence and Retire Early

Shaun M. Durrant

© Copyright 2020 - All rights reserved.

The content contained within this book may not be reproduced, duplicated or transmitted without direct written permission from the author or the publisher.

Under no circumstances will any blame or legal responsibility be held against the publisher, or author, for any damages, reparation, or monetary loss due to the information contained within this book, either directly or indirectly.

Legal Notice:

This book is copyright protected. It is only for personal use. You cannot amend, distribute, sell, use, quote or paraphrase any part, or the content within this book, without the consent of the author or publisher.

Disclaimer Notice:

Please note the information contained within this document is for educational and entertainment purposes only. All effort has been executed to present accurate, up to date, reliable, complete information. No warranties of any kind are declared or implied. Readers acknowledge that the author is not engaged in the rendering of legal, financial, medical or professional advice. The content within this book has been derived from various sources. Please consult a licensed professional before attempting any techniques outlined in this book.

By reading this document, the reader agrees that under no circumstances is the author responsible for any losses, direct or indirect, that are incurred as a result of the use of the information contained within this document, including, but not limited to, errors, omissions, or inaccuracies.

Table of Contents

Introduction

Mindsets

Who am I?

Chapter 1: Is Passive Income a Myth?

Time

Time Spent Developing Sources

Benefits of Passive Income

More Time

Reduced Uncertainty

Do What You Love

Independence

Stability

What to Avoid

You Don’t Need Much Money to Generate Passive Income

You Need a Lot of Money

It Requires no Work

Passive Income Equals Get Rich Quick

Passive Income is Easy

I Have to Invest in X, Y or Z

Starting a Business is Generating Passive Income

The Mistakes That Beginners Make

Skipping Research

Not Creating Processes

Expecting Unrealistic Results

Not Planning

Losing Track of Expenditures

Not Managing Assets

Incurring Fees and Expenses

Ignoring Inflation and Taxes

Being Cheap

Buying Something You Don’t Understand

Chapter 2: The Investor’s Mindset

Determination

Know Your Strengths

Find Your Purpose

Practice Delayed Gratification

Believe

Stay Healthy

Organization

Plan Your Day

90-90-1

Implement the Pareto Principle

Motivation

Give Your Ideas a Chance

Build Anticipation

Start Small

Get Support

Focus on the Benefits

Goal Oriented Mindset

Conduct a Personal Inventory

Time and Money

Research

Chapter 3: Passive Investing

Dividends

Indexes

Index Dividend Investing

Advantages of Dividend Investing

Reinvestment

Stability

Diversification

Instruments

Index Funds

ETFs

Evaluation

Building a Portfolio

Equity

Fixed Income

Real Estate

International Stocks

Allocation

Chapter 4: Active Investing

Advantages

Variety

Opportunities

Freedom

Instruments

Stocks

Bonds

Futures

Options

Forex

ETFs

Keys to Success

Understand Your Strategy

Manage Risk

Use Money You Can Lose

Chapter 5: The Best Passive Income Model

Mortgages and Financing

Numbers

Terms

FHA

Hard Money

Investment Strategies

Wholesaling

House Hacking

Turnkey Rentals

Flipping Properties

Financial Methods

Tax Lien Investing

Mortgage Notes

Crowdfunding

Chapter 6: Roth and Traditional IRAs

Traditional IRAs

Roth IRA

SEP IRAs

SIMPLE IRA

Chapter 7: Making Money Using ETFs

Stock ETFs

Sector ETFs

REIT ETFs

Bond ETFs

Commodity ETFs

International ETFs

Taxation

Dividend Taxation

REIT Dividend Taxation

Physical Real Estate Taxes

Chapter 8: Profitable Passive Income Models Outside of Real Estate and the Markets

Content Creation

Niche Selection

Choosing Topics

Boosting Traffic

Nurture

Monetization

Dropshipping and E-Commerce

Evaluating Demand

Sourcing and Supply

Crowdfund

Scaling Your Business

Self-Publishing

Conclusion

References

Image Reference List

Introduction

Your economic security does not lie in your job; it lies in your power to produce – to think, to learn, to create, to adapt. That’s true financial independence. It’s not having wealth; it’s having the power to produce wealth. - Stephen .R. Covey

Here’s a simple question: What’s your retirement plan? If you’re like most people, you’ll probably have planned to retire at the age of 60 or 65. You probably have a little nest egg saved up or are in the process of saving money for it. However, your entire retirement plan can probably be summed up as Wait and hope. If this sounds pessimistic to you, then you’re thinking the right way. The fact is that the average person’s retirement plan is reliant on luck more than anything else. I’m saying this because their plans are entirely dependent on how external factors pan out. If the stock market manages to remain at a decent level, then they’ll have economic security in their retirement. If the economy happens to crash, which it seems to do every decade or so, then up goes their savings in a puff of smoke. The seemingly lucky ones own their place of stay and thus have a roof over their heads. However, is this really an advantage? The home needs constant repairs and upkeep. It needs to be landscaped, and the pipes need to be maintained. Even if your nest egg hasn’t been wiped out, you’re still living on a fixed income and can hardly afford to spend frivolously. These little expenses that come out of left field add up and can make a serious dent on your budget. Some people sell their homes and earn a cash windfall. However, they soon find that the cash they earn cannot buy the lifestyle they’ve enjoyed over the past 30 years. They now need to move into a smaller place that doesn’t have the same level of luxuries that their previous home had. Then there’s the worst mistake of all.

Thanks to the advances made by medical technology and science, people are living longer than ever before. If you plan on retiring at the age of 65, there are another 30 years to go before you say goodbye to this world. If you have grandkids at the age of 65, they’ll be fully grown adults with kids of their own by the time you’re 95. Are you sure you’re saving enough cash to last you for that long? Even if you manage to save up a million dollars and decide to live off that principle, it works out to $33,333 per year. That’s around $2,800 per month. Factor in increased medical costs, and you’re faced with a less than ideal scenario.

As bleak as this picture is, the reality is even bleaker. A survey conducted by Northwestern Mutual found that 15% of Americans have nothing saved for their impending retirement. Amongst people in the age groups of 39-54, 14% said they had nothing saved away and had only debt to speak of (Martin, 2019). I used the example of a million dollars, but in reality, just 17% have savings of up to $80,000 for their retirement, well short of the mark.

Mindsets

The problem here isn’t that people are implementing the wrong retirement strategies or are somehow ignorant. Technically they are ignorant of a few things, but it isn’t with regards to the methods of saving. The problem is with the notion of saving itself. You see, you’ve been lied to all your life, and you don’t even know it. What was the common narrative that you were fed as you grew up? Your teachers and parents told you to study hard, find a good job, and then work until you grew old so that you could then enjoy the fruits of your labor. They didn’t tell you about the economy crashing and about people losing their jobs. They didn’t tell you of the turmoil that would be caused in the wake of these crises, which would result in everything becoming more expensive in the long run. They didn’t tell you about America losing its preeminent position in the world, and of the increased instability this would bring. They simply couldn’t. After all, their world was very different from the one we now live in. It’s been a rude wake-up call to many people, and this is why so many of us are unprepared. The good news is, you’ve taken a great step in reading this book. The way to build wealth has changed dramatically, and in this book, I’m going to give you the best models to build a large nest egg for your retirement.

Best of all, you’re going to be able to retire much before you’re 65. I personally think it’s absurd that someone needs to wait until they’re old to enjoy themselves. This is a ridiculous way to live life. It’s as if you’re punishing yourself for all your hard work. Sure, you need to work hard, but life doesn’t suddenly change when you hit the age of 60. You’ll still need to find ways to occupy your time. You can’t sit there in front of the television all day long. Your brain will simply rot. Instead of thinking of your life as being a stretch of work followed by a stretch of inactivity, look to integrate your finances with your desired lifestyle. What if you could play more than you work? What if you could earn enough money to travel the world and have more than enough to save for retirement? These questions sound like pipe dreams to most people, and truth be told, they are. This is because such people are not ready to dream big and to burst past the shackles they’ve imposed upon themselves. They’re willing to remain where they are and remain uncomfortable, as undesirable as their present situation is. You are not these people. You’ve taken action, already and that is to be commended.

The scenarios I’ve described above are easily achievable. Sure, it takes hard work, but it isn’t as if you need a high IQ or some secret key to unlock riches. Consistency and showing up every day are far more important than any special knowledge. You don’t need to be a genius to do this, and do you need to be a graduate of an Ivy League school either. You don’t need to have a network of powerful individuals at your disposal nor do you need to have special contacts with people in high places. All you need is a desire to improve your lot in life and to avoid the disastrous scenario that awaits most of the people you know.

This book will teach you how you can build income apart from your regular job. Not just any income but truly passive income. One of the traps that people fall into is to exchange their time for money. You spend a certain number of hours at your job and get paid in return. Since your time is limited, so is your income.

Passive income disconnects your time from your ability to earn money. If you don’t do this, you’ll keep working until the day you die. Earn money even when you sleep, and you’ll amass true wealth. In this book, you’re going to learn how to build passive income businesses. While the income you earn is disconnected from your time, this doesn’t mean you don’t need to invest time in these ventures. You’ll need to build these structures and work to maintain them. Once they’re up and running, you can relax a bit and move onto building another structure.

The beauty of passive income is that the first venture fuels the second one and so on in a virtuous circle. Imagine investing $1,000 into a venture and have that generate $5,000 at the end of a year. You can use this money to invest in another venture and have that generate another $2,000 per year. This is in addition to the $5,000 that is already being generated. Building passive income streams takes time, but it’s time well spent. You can’t expect changes overnight, but change occurs a lot sooner than you think.

Who am I?

Let me say this right off the bat: I’m not a financial advisor. What I am though, is a passive income earner. The words in this book aren’t just theory. This is practical knowledge you’re going to learn about. I’ve experimented with these models, and I’ve implemented them in my life, so I’m able to write this book.

My life wasn’t always like this. I was one of those work 9-5 and retire at 65 types with my head stuck in the sand. I was lucky enough to survive the multiple market crashes and economic meltdowns that have happened since the millennium dawned but they woke me up. I was also very lucky that the internet became a much more powerful force as time went on. Passive income generation through the internet is a lot easier than people think. It truly provides access to everyone irrespective of where their life is at currently. It’s fully possible to earn riches overnight but I encourage you to aim to get rich slowly. This is a much more probable and safer way to get rich and build financial independence. I’ve spent years researching passive income models and am passionate about the subject. Get rich quick is not a strategy. It’s an attitude that usually leads people down the wrong path. If your intention is to create riches overnight, then I’m sorry to say, this is highly unlikely to happen for you.

Instead, focus on building processes that sustain themselves, and you’ll build income streams that do the same. Focus on providing value, and money will follow. Earning a million dollars per year sounds impossible. However, here’s the reality of a million dollars. If you sell a $20 product to 4,166 people every month, you’ll earn a million in a