The Pros and Cons of Private Lending as a Passive Income Stream with Liam Leonard

If you had to choose between a lucrative, high-profile job and spending time with your family, which would you choose? While many would want to be with their family, the pressure of earning money often gets in the way. But what if you've built enough nest egg? Where would you invest the money to build a passive income stream?Does the thought of lending your money for a fair rate of return appeal to you? If you're interested in trying it out, join Russ and Joey today as they chat with Liam Leonard, founder and CEO of LIONSCOVE. Before LIONSCOVE, Liam held executive positions at T-Mobile across various functions, which gave him excellent leadership training that proved useful when he decided to build a business. Top 3 Things You’ll Learn:Why private lending is an excellent path to creating passive incomeHow do you know if a deal is good?How to protect your interest as a lenderAbout Our Guest:Liam Leonard is the leader and visionary for LIONSCOVE. He established LIONSCOVE because he wanted to have a greater impact in his community and free himself from the mental model that organizations make choices for you. He wanted to create something that didn’t necessitate being on the road all the time or tied to his phone. Family comes first, and that’s precisely the culture Liam has established at LIONSCOVE.Liam has been involved in real estate lending for 5+ years and is responsible for originating hundreds of loans personally during that time. He is also an active real estate investor with a portfolio of projects spanning ground-up development projects, turnkey rentals, adult family homes, short-term rentals, and even international rentals. Before LIONSCOVE, Liam held executive positions at T-Mobile across various functions, which prepared him to have firsthand knowledge of key corporate functions to lead LIONSCOVE effectively.Disclaimer: The opinions expressed on this podcast are solely those of the hosts and guests and do not constitute financial advice. Always consult a licensed professional for financial decisions.This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.The hosts may have a financial interest in the programs or services mentioned in this episode.Connect with Liam Leonard:Website - https://lionscove.com/💸 Build a Passive Income Machine in 3 Steps:Here’s how to flip the script and start building wealth the way the wealthy do 👇👀 Step 1 – Watch the Free 40-Minute Masterclass on the Infinite Banking Concept👉 wealthwithoutwallstreet.com/free-ibc-webinar📞 Step 2 – Book a Free Call with Our Team (We Do This All Day, Every Day)👉 wealthwithoutwallstreet.com/accelerate📈 Step 3 – Start Building Passive IncomeJoin the Passive Income Lab👉 ChoosePassiveIncome.comMore Ways to Learn & Grow Wealth (For Free)💾 Download the Passive Income Operating System👉 wealthwithoutwallstreet.com/piosebook👥 Join 10,000+ Investors Inside Our Free Community👉 wealthwithoutwallstreet.com/communityPaying $250K+ in Taxes? Stop the Bleed.😡 Apply for Our Next Tax Strategy Intensive👉 wealthwithoutwallstreet.com/taxGrab Our Book: Wealth Without Wall Street: 3 Steps to Freedom Through Passive Income📘 wealthwithoutwallstreet.com/newbookStay Connected:📸 Instagram: @wealthwithoutwallst—