(May 21, 2025) Why Passive Income Beats a Lifetime of Work
Update: 2025-05-21
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Del Walmsley explores the concept of financial freedom as replacing earned income with passive income, giving individuals the choice to work or not. He contrasts the traditional mindset of working for decades with a generational shift among young adults who often reject that path. Emphasizing the power of real estate to generate multiple income streams and higher returns, Del urges people, especially the young, to build income producing assets early. Citing U.S. Census data, he illustrates how taxes and deductions erode take home pay and reinforces the need to pursue financial independence through passive income to achieve true wealth and independence faster.
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