Our Passive Income Report - April 2022

Welcome to another episode where Russ and Joey share the behind-the-scenes in their monthly passive income report. When they say passive income, it means income from the businesses and investments they have engaged in a passive capacity, either hiring an operator or a partner to run the business. Before we proceed to the April report, some adjustments happened in April, so the worksheet is still being finalized.

We see the land business and short-term rental consistently doing well for April. If you're interested in the cryptocurrency craze, there are some interesting tidbits in today’s conversation. So tune in to this episode.

April 2022 Income At-A-Glance:
Gross Income for April: Finalizing the numbers
Total Expenses for April: Finalizing the numbers
Total Net Profit for April: $48,355.01
Difference b/t March & April: $855.19
% of net profit to overall gross revenue: To be confirmed

Join a network committed to creating passive income outside of Wall Street: https://www.wealthwithoutwallstreet.com/community

Discover Your Path to Financial Freedom:
https://www.wealthwithoutwallstreet.com/passport

Take advantage of a Free Financial Strategy Call:
https://www.wealthwithoutwallstreet.com/freecall

Apply to Join the Passive Income Mastermind:
https://www.wealthwithoutwallstreet.com/wwws-passive-income-mastermind

Learn How to Invest in Real Estate with The Land Geek:
https://www.thelandgeek.com/

—--
Questions for YT:
9:08 - When buying or selling a property, do people care about the price or the payments?
14:34 - How are we buying the properties we use for short-term rentals?
16:03 - How much time and money did we spend learning to run our short-term rental business?
19:11 - What happened in April concerning the crypto market?
21:47 - Where does crypto fall in the Hierarchy of Wealth?
22:06 - Why do we say that crypto is at Level 3 (Collateralized Asset)?
22:12 - What is the collateral behind Ethereum and Bitcoin?
27:49 - How do you get access to US$ without letting go of your crypto?
31:53 - Why is Russ cheering when the price of Bitcoin is dropping?

#infinitebanking #financialfreedom #IBC #wealthwithoutwallstreet
#financialindependenceretireearly #FIRE #money #entrepreneurship #personalfinance #financialindependence #passiveincome #business #investing #crypto #bitcoin