Skip to content
PodParley
35. What Does it Actually Mean to Create a Passive Income? episode artwork

EPISODE · Jul 4, 2022 · 35 MIN

35. What Does it Actually Mean to Create a Passive Income?

from It's No Secret · host Catherine Emerson & Christine Jensen

Passive income is often over-glamorised on social media as the thing that millennials and Gen Z’ers rely on to get them to their dream lifestyle or financial freedom. But what does it actually mean to have a passive income? And how does one get to the point of living off it? In today's episode Cat and Christine discuss exactly this. They chat about how there isn't a right or wrong way to create passive income and how it might fit into the way you approach your finances. Specifically, they cover: What a passive income is, and where the misconceptions lie Why renting out your property ISN'T passive income The realities of what it takes to create a passive income (i.e. a large principle sum to generate income off of) Side hustles vs passive income - whether there's a difference Dividends as a form of passive income Investing in growth assets to get to generate a passive income later in life Cat & Christine's personal experience with passive incomes (and why they won't be trying to generate one any time soon) ...And much more, there's lots more goodness in there, so get listening now. Check out our website and show notes at www.itsnosecret.co.nz/35 If you enjoyed today's show, we'd LOVE for you to rate & review it on Apple Podcasts and share your favourite episode with a friend. SUBSCRIBE to It's No Secret, wherever you listen to podcasts and never miss an episode: Apple Podcasts - Spotify Follow us for fun chat & financial tidbits on IG: @itsnosecretnz Got questions? Get in touch: www.itsnosecret.co.nz Disclaimer: Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time. The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice. Any information we provide is general only and current at the time of writing. Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz

Episode metadata supplied by the publisher feed · Published Jul 4, 2022

Embed this episode

What this episode covers

Passive income is often over-glamorised on social media as the thing that millennials and Gen Z’ers rely on to get them to their dream lifestyle or financial freedom. But what does it actually mean to have a passive income? And how does one get to the point of living off it? In today's episode Cat and Christine discuss exactly this. They chat about how there isn't a right or wrong way to create passive income and how it might fit into the way you approach your finances. Specifically, th...

Distinct summary based on available episode metadata or transcript content.

Ready to play

35. What Does it Actually Mean to Create a Passive Income?

0:00 35:57

No transcript for this episode yet

We transcribe on demand. Request one and we'll notify you when it's ready — usually under 10 minutes.

Share this episode

Similar Episodes

No similar episodes found.

Similar Podcasts

The Course Mentors Podcast The Course Mentors Hey there, future course creator! Ever feel like turning your know-how into an online course is like trying to solve a Rubik's cube blindfolded? Well, grab your headphones because "The Course Mentors Podcast" is here to be your secret weapon! Meet Aimee and Odette (that's us!), your new best friends in the course creation world. We've been in the trenches for over a decade, and for the last five years, we've been rocking the online course space. Now we're here to spill all our secrets in bite-sized, 15-20 minute episodes that'll fit perfectly in your coffee breaks. No fluff, no filler - just real, actionable advice that'll take you from "um, what's a landing page?" to "holy moly, I just hit six figures!". We're talking everything from crafting your course to marketing it like a pro and building a business that'll have you pinching yourself. Whether you're dreaming of ditching the 9-to-5 grind, adding a sweet extra income str Tao Te Ching by Laozi (Author), Stephen Mitchell (Full Audiobook) Laozi Lao-tzu's Tao Te Ching, or Book of the Way, is the classic manual on the art of living, and one of the wonders of the world. In eighty-one brief chapters, the Tao Te Ching looks at the basic predicament of being alive and gives advice that imparts balance and perspective, a serene and generous spirit. This book is about wisdom in action. It teaches how to work for the good with the effortless skill that comes from being in accord with the Tao (the basic principle of the universe) and applies equally to good government and sexual love; to child rearing, business, and ecology. Stephen Mitchell's bestselling version has been widely acclaimed as a gift to contemporary culture.

Frequently Asked Questions

How long is this episode of It's No Secret?

This episode is 35 minutes long.

When was this It's No Secret episode published?

This episode was published on July 4, 2022.

Can I download this It's No Secret episode?

Yes. Use the download control on the episode player to save the publisher-provided media file.
URL copied to clipboard!