How To Live off Passive Income in 60 Seconds | #shorts

6 Sept 2022 · 1 min

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Ryan Daniel Moran outlines a four-step path to passive income: build a business to $100,000/month in about a year, invest all profits into real estate and notes, live off the passive income once it covers expenses in two to three years, then put any surplus into stocks and bitcoin.

Questions this video answers

$10 million

$100,000 per month

About 12 months

Two to three years

Notes, real estate, and private syndication

Chapters

Alright, here's the actual formula to financial freedom from somebody who's got a $10 million net worth. Number one, you start a business with the goal of building it to $100,000 a month in top line revenue. That takes about 12 months to do. Step number two, you put all your profits into passive income investments. That's things like notes, real estate and private syndication. Once you have enough passive income to pay for your life, that is when you can expand your lifestyle. And that takes two to three years to have enough income from the business to be able to buy assets that offset your lifestyle. Your goal is to live below the amount of passive income that you get, which means you're going to be eating humble pie for several years, even though you're making a lot of money on paper. And the last step is take the extra money from your passive income and you put it into long term investments. That's things like stocks, bitcoin or anything that's speculative that you want to hold long term. You start the business, build up your passive income and and use that money to build your lifestyle and buy your speculative assets that give you long term wealth.