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Passive Income: What It Is, How to Get Started, and a Personal Example

Passive Income: What It Is, How to Get Started, and a Personal Example

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 Women face financial headwinds whether we like it or not: the persistent gender wage gap and a longer life expectancy than men mean we don't make enough cash flow to build all the wealth we're going to need to support ourselves to the end of our lives. One strategy to consider...PASSIVE INCOME (my new passion!). This episode helps you unlock some passive income strategies to build your financial wellness. In this podcast I defined passive income, provide actionable examples, and I shares my personal experience with building passive income--one example being my newly launched Etsy shop: BestFinancialLife for affordable digital products to help you live your best financial life. This episode is designed to inspire and educate listeners on how to incorporate passive income streams into their financial wellness strategy. I reinforce the importance of passive income for financial autonomy, particularly for women facing economic disparities. I also offer practical steps for getting started and encourage listeners to adopt a mindset that recognizes and takes advantage of the many passive income opportunities out there. 00:55 Definition of Passive Income 02:13 Examples of Passive Income Streams 03:13 Monetizing Your Assets 07:21 Getting Started with Passive Income 11:21 Personal Example: My Etsy Shop 15:42 Final Thoughts and Encouragement Give it a listen and share it with a woman in your life who needs it. Don't forget to rate and review the podcast on your favorite platform--that helps me get the show out to more women who could benefit from it. ***

Note: Information in this podcast 1) is informational/educational in nature; 2) does not constitute financial or personal advice of any kind; 3) is never a substitute for clinical care from a health professional.

Check out my FREE Mini Course: "Know Where the Money Is Going" to help you get back into the driver's seat with your monthly spending.

Find more ways to work with me, download free resources, and join my e-mail list at maureen-paley.com. Financial Autonomy for Women 30-Day Workbook now available on Amazon. Follow me on IG @maureenpaleycoach. Visit my Etsy shop for affordable digital products to help you build your BestFinancialLife.
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