Chain Of Wealth - Debt, Investing, Entrepreneurship, Wealth & More

The Power of Passive Income Passive Income – there’s nothing better than getting paid to do nothing. [2:51] Stock and long term appreciation You could earn 0.2% interest a year by leaving you money in a bank account. Or, you could be making 5-10% in normal types of investments. If you leave money in a bank account, you’re literally losing money because inflation is 1-2% As an example, you can buy stock in Apple. [4:33] The benefit of investing in dividend paying stocks A dividend is something a company will pay to shareholders, as they earn profits they return  Dividends are taxed more favorably than normal gains Index funds pay dividends very often [6:28] Real Estate and Rental properties This is Katie’s favorite, she rented out a room and made easy money that helped her pay her mortgage There’s ways to do this without buying the house, invest in a REIT! [8:53] Capital Gains- what are they and why they are great Capital gains are gains made from holding capital assets for a longer period of time. Y