Times Are Tough...Passive Income To The Rescue!

Published: Feb. 19, 2019, 8 p.m.

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\\\\/times-are-tough-passive-income-to-the-rescue\\\\/#arve-youtube-08obo2c-5_4659a0b2c57cf6055486262","type":"VideoObject","embedURL":"https:\\\\/\\\\/www.youtube-nocookie.com\\\\/embed\\\\/08oBO2C-5_4?feature=oembed&iv_load_policy=3&modestbranding=1&rel=0&autohide=1&playsinline=0&autoplay=0"}\\n\\n\\n\\n\\n\\nCash flow is more valuable than we give it credit for. Lately times have gotten tough and the passive income and cash flow from my businesses has really saved me.\\n\\n0:00 - Introduction\\n0:40 - About 3 years ago I achieve pseudo financial freedom\\n1:14 - My unfortunate circumstance\\n2:00 - Passive income gave me time and allowed me to avoid a dire financial position\\n3:02 - Imagine if I was negatively geared instead\\n4:30 - Life doesn\'t always go to plan and our investing needs to take that into account\\n5:38 - Potential "Downside Life Risks"\\n7:00 - When investing always think about your cashflow position\\n7:58 - Passive income gave me 6-12 months to solve my financial problems\\n9:52 - Cash flow is more valuable than we give it credit for\\n11:16 - Cash flow is totally under rated\\n\\nRecommended Videos\\nSaving Money vs Growing Your Income - https://www.youtube.com/watch?v=NFXMGtscAyo\\nI Lost Thousands in Crypto Currency - https://www.youtube.com/watch?v=6msFDDC1mEo\\nTranscription:\\nPassive income and positive cashflow can be extremely underrated when it comes to investing in property, investing in businesses and stocks in Crypto, whatever it may be that you\'re investing in. And recently I\'ve experienced how valuable passive income can be in your life. And so in today\'s episode, I want to talk a little bit more about the value of passive income. Talk about how life doesn\'t always go to plan to get you thinking when you\'re investing in your next property or whatever it is that you\'re looking to invest in next, potentially looking for that passive income opportunity. Hey, I\'m Ryan from on-property, helping you achieve financial freedom. And about two or three years ago, I achieved what I call pseudo financial freedom. So it was financial freedom in that my businesses were earning enough money that I didn\'t really need to work. I just worked a little bit and you see that over the last couple of years, my video\'s really tapered off.\\n\\nI didn\'t really do that many. Now I\'m in a position where I need to work more in order to earn more money and grow my passive income again. So I had a couple of years where I didn\'t need to work. Then expenses went up, business went back a little bit. So I\'m now in the position where I\'m working in getting. But last year had the unfortunate circumstance that me and my wife Kelly decided to separate. Now with that comes a lot of expenses that we weren\'t really anticipating in our lives. I had also invested in cryptocurrency and lost thousands of dollars in that. So basically last year, financially was definitely not the best year for me and basically got into a position where I started acquiring debt in order to stay afloat. But also at the same time, passive income really came through for me. So my businesses, the way that I grow my online businesses is that I create businesses that spin off passive income.\\n\\nSo I do the work for these businesses, but then they generate income into the future. And so one of the things that\'s been so good about these businesses over the last few months as as things squeeze as things got really tight, is that yes, I did get into a bit of debt, but also I could really cut back on my expenses and I still had the passive income coming in. So basically I was not in a dire financial straight, straight away. I was in a position where, okay, things are looking bad. It\'s a short term squeeze here. I know I can work my way out of this position. I know that I can increase my income. I know that at any point if I need quick cash,...'