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#023 Building Wealth Passively
No one wants to be trapped in a working-class routine where you spend most of your time and energy working to earn enough to cover bills & daily expenses but save none for your future.
That’s why in this episode of the Truth 4 The Youth Podcast, Garth encourages you to look into developing your passive income streams. Building your wealth passively lets you earn more and work less. Nothing is certain – the economy might tank, your company might lay off, or there could be emergencies. You’ve got a future to think about so having a passive income is one of the best ways to prepare for it.
KEY TAKEAWAYS
Passive income allows you to have financial security. It generates additional income and a good retirement plan. It requires zero to minimal effort to develop.
There are many things out there that could get you your passive income. It can be property investments, trading, lending, etc. You have to choose what works best for you.
“Learn to be a jumper of hurdles.” Your education, your skills and your network will surely be an asset. But strong determination and mindset is the best capital to get greater opportunities.
BEST MOMENTS
“It’s important that you find something that works without you on-set.”
“We have to look and just think of what we’re trying to do and why you’re trying to do it.”
“First, you need to get educated, and you need to get the right people around you. It’s not that easy.”
ABOUT THE HOST
Garth Clarke is the CEO of Version 1.1, a youth engagement company that offers education, training, support and opportunities to the young people. Garth has been passionately working with young people for many years now. Through the Truth 4 The Youth Podcast, he aims to reach each of the young people around the world to share his passion and change their lives.
CONTACT METHOD
Garth’s LinkedIn
View all episodes
No one wants to be trapped in a working-class routine where you spend most of your time and energy working to earn enough to cover bills & daily expenses but save none for your future.
That’s why in this episode of the Truth 4 The Youth Podcast, Garth encourages you to look into developing your passive income streams. Building your wealth passively lets you earn more and work less. Nothing is certain – the economy might tank, your company might lay off, or there could be emergencies. You’ve got a future to think about so having a passive income is one of the best ways to prepare for it.
KEY TAKEAWAYS
Passive income allows you to have financial security. It generates additional income and a good retirement plan. It requires zero to minimal effort to develop.
There are many things out there that could get you your passive income. It can be property investments, trading, lending, etc. You have to choose what works best for you.
“Learn to be a jumper of hurdles.” Your education, your skills and your network will surely be an asset. But strong determination and mindset is the best capital to get greater opportunities.
BEST MOMENTS
“It’s important that you find something that works without you on-set.”
“We have to look and just think of what we’re trying to do and why you’re trying to do it.”
“First, you need to get educated, and you need to get the right people around you. It’s not that easy.”
ABOUT THE HOST
Garth Clarke is the CEO of Version 1.1, a youth engagement company that offers education, training, support and opportunities to the young people. Garth has been passionately working with young people for many years now. Through the Truth 4 The Youth Podcast, he aims to reach each of the young people around the world to share his passion and change their lives.
CONTACT METHOD
Garth’s LinkedIn