Creating Passive Income From Scratch
b'ARVE Error: Mode: lazyload not available (ARVE Pro not active?), switching to normal mode\\n\\n\\n\\n\\n\\n\\n\\n\\n{"@context":"http:\\\\/\\\\/schema.org\\\\/","@id":"https:\\\\/\\\\/onproperty.com.au\\\\/creating-passive-income-from-scratch\\\\/#arve-youtube-oz9_j4fjrni659a0b2c297c0891594522","type":"VideoObject","embedURL":"https:\\\\/\\\\/www.youtube-nocookie.com\\\\/embed\\\\/oz9_j4fjRNI?feature=oembed&iv_load_policy=3&modestbranding=1&rel=0&autohide=1&playsinline=0&autoplay=0"}\\n\\n\\n\\n\\n\\n\\n\\n\\n\\nIt\'s actually possible to create assets from scratch (or with little money) that generate passive income and that can help you move towards financial freedom.\\n\\n\\n\\n0:00 - Welcome to Quick Money Mondays\\n0:40 - You probably know about the idea of purchasing assets\\n1:51 - But there is often the opportunity to create assets in your life\\n2:33 - Once you can see passive income opportunities you can always see them\\n3:56 - When you can\'t see opportunities they don\'t exist, when you can see them they are everywhere\\n4:50 - How do we go about creating passive income opportunities?\\n6:19 - You have to go through a period where you are actively looking for them\\n8:00 - Another way to look for passive income opportunities\\n\\n\\n\\nResources Mentioned in This Video How To Start a Side Business - https://www.youtube.com/watch?v=3Z9POlaRkc0 Rich Dad Poor Dad Book - https://onproperty.com.au/richdad\\n\\n\\n\\nRecommended Videos How I\'m Paying Off My Debt - https://www.youtube.com/watch?v=TPuX7B6BPFY Paying Off Debt vs Investing Money - https://www.youtube.com/watch?v=eicozV3mK0k\\n\\n\\n\\nTranscription:\\n\\n\\n\\nIt\'s actually possible to create assets from scratch or with little money that generate passive income and that can help you move towards financial freedom. That\'s what I want to talk about in this episode. Hey, I\'m Ryan from on-property, helping you achieve financial freedom and welcome to quick money Monday\'s the day where we spend some time talking about ideas around money and concepts around money or personal things around money because we love discussing money, but in society it\'s not really accepted to do that. So that\'s what this segment is here about. And today I want to talk about the idea of creating assets. So you probably know about the idea of purchasing assets. So purchasing property, purchasing stocks, purchasing, what other ones are there? I don\'t know. I\'m sure there\'s lots of other things out there, but I guess the two big ones that people invest in our properties and stock.\\n\\n\\n\\nSo you purchase assets that might generate passive income. So you might invest in positive cashflow property or dividend paying stocks or you may invest in assets that just hold value. So negatively geared property where you\'re trying to grow the value of the property. Are you hoping the value of the property goes up or maybe stocks were you hoping the value of stocks goes up? So the concept of buying assets is very commonplace in your superannuation. You are likely working earning money which goes into superannuation, which is being used to buy assets. So buying shares in a company is most likely what you\'re doing. So if you have money in a mutual fund and it\'s buying a mixture of shares in a mixture of companies, when you invest in stocks, your buying assets, when you invest in property, you\'re purchasing an asset. But there\'s also the opportunity to create assets in your life.\\n\\n\\n\\nAnd this is something that is rarely talked about that people really think about because it\'s very difficult to do now in the Book Rich Dad, poor dad by Robert Kiyosaki, which is a, it\'s a must read if you haven\'t read it, I do suggest it. Go to on-property dot com.eu forward slash Richdad and that will redirect to where you can purchase the book on Amazon or I\'ll link it up in the description down below. But in that book he talks about this concept of the rich don\'t work for money, the rich work to create assets that then generate them income and he in the Book Rich Dad, Poor Dad, Robert Kiyosaki tells this story about how he was working for his rich dad...'