Rich and I were recently featured on The American Dream Show, where we were asked about how to create passive income. Our answer was:
First, you must have a clear vision of the life you most want to live. Identify the activities that truly bring you the most joy, and write them down. Then you can determine how to “fund” a lifestyle that supports that vision. You may discover that the things that bring the most joy are not that expensive.
It’s easier to create passive income when you know exactly how you will be using your free time.
You can see the interview here: (segment starts at 21:40)