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    Passive Income Mastery: ''Building Wealth, Achieving Freedom''
    Passive Income Mastery: ''Building Wealth, Achieving Freedom''
    Passive Income Mastery: ''Building Wealth, Achieving Freedom''
    Ebook37 pages25 minutes

    Passive Income Mastery: ''Building Wealth, Achieving Freedom''

    By Jace Kelly

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    About this ebook

     

    Passive Income Mastery: ''Building Wealth, Achieving Freedom" is an empowering guide that unveils the secrets to generating multiple streams of passive income and attaining financial independence. From unlocking the potential of investments and online platforms to harnessing the power of real estate and more, this book provides practical strategies, expert insights, and real-life examples to help you master the art of passive income. Whether you're an aspiring entrepreneur, investor, or simply seeking financial freedom, 'Passive Income Mastery' will guide you on a transformative journey towards building lasting wealth and experiencing the true freedom that comes with financial independence. Prepare to take control of your financial destiny and unlock a world of unlimited opportunities with ''Passive Income Mastery: Building Wealth, Achieving Freedom''.

    LanguageEnglish
    PublisherJace Kelly
    Release dateJun 17, 2023
    ISBN9798223036869
    Passive Income Mastery: ''Building Wealth, Achieving Freedom''
    Author

    Jace Kelly

    Hey there!  I'm Jace Kelly, a 27-year-old affiliate marketer and serial entrepreneur. With over 88,000 sales in the affiliate domain, I've honed my skills in building successful businesses and generating passive income. In my book, "Passive Income Mastery: Building Wealth, Achieving Freedom," I share proven strategies and insights to help you break free from financial constraints. Join me on this transformative journey and unlock your path to financial independence. Let's build lasting wealth and live life on our own terms together.

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      Book preview

      Passive Income Mastery - Jace Kelly

      Chapter 1: Understanding Passive Income

      Passive income has been touted as the golden key to financial freedom and independence. It refers to earnings derived from a rental property, a limited partnership, or other enterprises in which a person is not actively involved. Essentially, passive income streams are designed to work for you, even when you're not actively working.

      1.1 Scenario: Rental Properties

      Meet Jane, a 35-year-old marketing professional. She purchased a two-bedroom apartment in the city center five years ago. After moving to a larger home, she decided to rent out the apartment instead of selling it. The rent she collects covers the mortgage, property taxes, insurance, and leaves her with some extra cash each month. This is her passive income stream.

      For Jane, the platform of choice was a property management service, which handles tenant interactions, maintenance requests, and rent collection. This service, while charging a small percentage of the monthly rent, allows Jane to enjoy the benefits of being a property owner without the need of day-to-day management.

      1.2 Scenario: Peer-to-Peer Lending

      Now consider Mark, a 40-year-old software engineer. He allocates a portion of his savings to lend to individuals or small businesses in need through a peer-to-peer lending platform. He earns interest on these loans, creating a stream of passive income.

      Mark uses platforms like LendingClub or Prosper, where he can diversify his loans into small amounts across many borrowers. These platforms manage loan agreements, repayments, and even late or defaulted payments, reducing Mark's active

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