Posted by & filed under Intro to Personal Finance (Grable & Palmer), Personal Finance.

This 10:17 second video highlights 3 steps, taking the time and money to upskill oneself, monetize the return on investment, and leverage technology to increase passive income. The video also mentions 7 ventures that people can undertake now in order to start a passive income stream. This video particularly ties in well with chapter 3 of the Grable and Palmer text which covers active and passive incomes.

 

Discussion Questions:

 

  1. Of the 3 steps mentioned in the video to increase your passive income, which step resonated with you the most and why?
  2. The video also mentioned 7 ventures you can undertake now to increase your passive incomes. Which one could you currently incorporate that you have not done so far?
  3. People should just focus on their current jobs and try to live within their means. Adding passive incomes is unrealistic and not necessary. Do you agree or disagree with this statement?

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