October 23, 2025 • 15 mins
Today, we’re diving into the world of passive income and trust me, it’s not just for the rich folks! Did you know that over half of Americans are already raking in some sort of passive income? Yeah, that’s right! How Can I Invest to Create Passive Income Streams? We're chatting about how you can join the club, even if you’re starting with just a few bucks. Forget the flashy get-rich-quick nonsense; we’re breaking down solid, practical strategies to help you build that sweet, sweet financial freedom. So, if you’re ready to let your money work for you while you catch some Z's, stick around!
Check out the full podcast episode here
So, let’s get down to it! You know those folks who seem to make stacks of cash while they snooze? Yeah, we’re talking about passive income, and it’s not just for the rich kids. Turns out, about 53% of Americans are already raking in some passive dough, with the average sitting at around $4,200 a year. That’s not chump change! So, why are we still stuck in the grind? This episode dives deep into how we can all tap into that sweet, sweet passive income through smart investing. Forget the hype you see on social media; we’re here to get real. We share practical strategies that’ll help you build a solid income stream that works for you while you catch some Zs. And let’s be honest, who doesn’t want to be the boss of their own money? We break down some myths about passive income and offer legit tips on how to start small and automate your investments. So get ready to turn your cash into a money-making machine!
Takeaways:
- A whopping 53% of folks in the U.S. are already raking in some passive income.
- Passive income isn't just for rich peeps; it's for anyone willing to grind a bit.
- Investing in dividends could boost your wealth by 20-30%, so don't sleep on it!
- Building passive income takes time and patience; it's not a get-rich-quick scheme.
- To kickstart your journey, you can open a brokerage account with just 20 bucks, no joke.
- Diversifying your investments is key; think stocks, bonds, and even rental properties.
Links referenced in this episode:
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Episode Transcript
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(00:00):
I bet you heard about allthose people making millions while
they sleep. Listen, if youspend any time on social media and
bam, you see all these latesttrends and maybe, like me, you wonder.
Ralph, is this somethingreally that I can do? Let me start
by sharing some interestingstatistics. And I want to thank Abby,
my producer, for findingthese. They are really interesting
(00:20):
things because a lot of peoplethink passive income. They're like,
well, Ralph, that's for thewealthy people. Or that's for the
people who've arrived. Butthis is what really interesting.
53% of Americans. Yeah, 53%already have at least one passive
income stream. I gotta behonest with you, I was kind of surprised
by that. But listen to thisnext one. And this one was really
amazing to me. $4200 a year iswhat the average median passive income
(00:45):
is for most people in the USNow. That includes dividends, interest,
rents. So I was like, wow, alot of people already doing this.
And which led me to this quicktip. And I always want to start this
show with a quick tip. This isa quick win for you. Great statistic
here. 20 to 30% of people wereable to grow more wealth if they
(01:06):
kept their dividends invested.Now we'll talk about that in another
show. What dividends are. Butthey're basically the income you
get from stocks. But thinkabout, that's a quick win right there.
So if you're an investor individends, 20 to 30% more wealth
is derived by reinvestingthose dividends. And that leads us
to this great question fromone of our loyal listeners. And I
(01:27):
was so happy when I got thisquestion. Ralph, I keep hearing about
passive income. How can Iactually build it through investing?
Great question. And the truthis, many people don't really understand.
In fact, Abby and I weretalking before we hit the record
button, and she says, ralph, Ihear about this passive stuff on
social media all the time, butI don't know necessarily understand
(01:48):
what it is. And as we talkedabout, we all understand the idea.
If we work, we make income, weget paid. Yeah, that's pretty straightforward.
But let me ask you thisquestion. What if money could work
for you? That's right, you'dbe the boss. Imagine this. You're
the boss of your own money.And guess what? It is absolutely
possible they may be saying,ralph, why are you talking about
(02:09):
passive income? Well, here'swhat I'm talking about. It's so important
because it brings some amazingthing. It brings freedom, it brings
flexibility. And listen, ifyou do it right, it makes a huge
impact on your financial life.So today we're going to skip that
Instagram hype, we're going totune out social media and we're going
to get really practical. Andtoday I'm going to show you real
attainable investingstrategies to help you build passive
(02:33):
income and more importantlythan that, build confidence in your
financial future. Are youready to be your own boss today?
Well, let's get started. Thisis Financially Confident Christian,
your daily dose of gospel,grounded insight and faith driven
tips to help you break thecycle of financial shame with confidence.
(02:53):
Welcome to the show. I'mRalph. I'm so happy that you've chosen
to give me just a little bitof your time today. And we're in
the final week of our 30 dayinvestment series. Man, we have talked
about all kinds of thingsrelated to investments and if you
missed any, any of the shows,you can get all of our shows by going
tofinanciallyconfidentchristian.com and
specifically yesterday wetalked about breaking that piggy
(03:15):
bank and Abby and I shared ourown little piggy bank story. So if
you missed that one, I'm goingto encourage you to go check it out.
And you might be saying,ralph, okay, that sounds good. You're
an accountant, you do somefinancial work. But how do you qualify
to be involved in telling meabout passive income? The truth is
I've worked with clients forover 30 years. It makes me feel old
when I say that, to be honestwith you. But I've seen how clients
(03:37):
have benefited from thesemultiple streams of income to really
build that long termstability. And that's what we're
talking about. If you want toencapsulate what this whole investment
series has been, it's not beenabout quick wins. It's not been about
going to the casino andpulling that slot machine real. That's
not what we've been talkingabout. We've been talking about building
long term stability and thispassive investment, these passive
(03:59):
income things can bring youthat freedom and opportunities. And
here's the reason. The bigtakeaway for today, it helps you
be more generous because a lotof people have said to me, we've
gotten a couple emails sincewe started this series. Ralph, it
seems like you're really tyinginto greed in this series. Not at
all. What I'm talking about isbuilding financial freedom, breaking
that cycle that so many peoplefeel of that financial shame and
(04:22):
finally giving you confidence.Which leads me to a client story.
I had this one particularclient, started working with this
client when they were reallyyoung. They had just Gotten out of
college, they were justgetting established and I laid into
them. I said, listen, here's agreat idea for you. Take just a little
bit of money. In fact, I thinkat that point he was doing $25 a
month. I said, I just want youto go find a broker and start doing
(04:44):
some investing and buy somedividend paying stocks. Doesn't have
to be anything big or anythingelaborate like that. And build that
extra monthly income stream.This wasn't flashy, this wasn't some,
oh, I heard around the watercooler, I'm going to make a mint
if I buy this stock. That'snot what it was at all, but it was
something that was consistent.It's something that added to his
(05:07):
income and budget so that hecould gain that financial freedom
over time. And I love whatWarren Buffett once said. He said,
if you don't find a way tomake money while you sleep, you will
work until you die. Hey,that's a great quote, isn't it? But
Warren Buffett nails it. Ifyou don't find a way to make money
while you sleep. That's whatwe're talking about here with passive
income. We're really talkingabout putting your money to work
(05:30):
even when your head's on thepillow at night. Because if you don't
do that, guess what? You'regoing to work until the day you die.
And listen, passive incomeisn't magic. I'm not talking about
some magic tricks, Houdinipulling a rabbit out of a hat. It's
the result of steady planning.Which means I really need to break
down some myths right now. Somany people see these knuckleheads
or on social media, Instagram,TikTok, oh, you know, you can make
(05:53):
a million dollars overnightwhile you sleep. Just send me 10
bucks. Guess what? You'regoing to send them 10 bucks. You're
going to get nothing back.Because a lot of people have this
belief, this social mediahype, and I want you to watch out
for that. They believe thatpassive income means instant money
while you sleep. You know, yougo to bed tonight, tomorrow morning
you wake up and you're richbeyond measure. It's not going to
(06:14):
work like that in reality. Ittakes discipline, it takes time and
it takes patience. And here'sa lot of thing a lot of people don't
think about. A lot of peoplesay, well, passive income means there's
no effort in it. No, not atall. You gotta really understand
what you're investing in. It'sjust not tied to the hours that you
work. So let me ask you just afew questions. Do you want to chase
(06:39):
those get rich quick schemes?Listen, I've talked to people. They
say, Ralph, that's exactlywhat I want to do. I want to make
a million dollars overnight.Well, this isn't to show for you,
so click off now. Go findsomebody else that's going to lie
to you. That's not what I dohere. Or do you want to build lasting
financial confidence,something that's going to withstand
the test of time? Let me askyou this question. Would you rather
(07:02):
have unpredictable side hustleincome or dividends that keep showing
up year after year? See, a lotof people say, well, Ralph, I. I'm
going to go get that sidehustle. I'm going to do this, I'm
going to do that. I'm going tobe a photographer. I'm going to be
a wedding planner. I encourageyou to do those things. But the truth
is those things areunpredictable. You never know if
you're going to be able tomake money with that. But dividends,
(07:24):
stocks and things like that,these passive incomes, if you do
it right, they will show upfor you year after year. So let me
give you some basic passiveincome ideas. And when I was preparing
for the show, I. I didn'tthink about how simple these things
really are. We've alluded tothis one a couple times. Dividends
from stocks. Let me drill intothat just a little bit. The way dividends
(07:44):
work is when you buy companystock, the company shares a part
of their profits with you. Forexample, let's say you have $100,000
in stocks. Now, that's a lotof money, but I just throw it out
there because it's easy to seethis mental math picture. If you
have $100,000 in stocks andlet's say the company's giving you
a 3% yield or a 3% dividend,think about this. You're going to
(08:06):
earn $3,000 a year. All you'redoing is staying invested in that
company. And that's a steadyway to build wealth over time. Now,
maybe you're not big into thestock market. Well, you can do it
with bonds, you can do it withcertificates of deposits. As we talked
about on the show a coupleweeks back, when you buy these things,
there's lower returns becausethere's lower risk. They're more
(08:28):
predictable. When you put thatmoney in that CD every month, guess
what? The bank is going to putinterest in your account. When you
get to the end of what'scalled the maturity, you're Going
to have more money than whenyou started. Again, it's not flashy,
but it's reliable. Now, wealso talked about real estate investments.
I'm not going to get too deepinto those details. But rental properties,
(08:50):
those are great passiveincomes. There's some active when
you go find the property, getthe property ready for rent. But
once it's set up and once it'sbeing rented, that can grow into
a large income source. I workwith clients that have many, many
rental properties. It's a hugething. Maybe you're not. You don't
have the stomach for therental properties. You can do those
REITs that we talked about,that that's basically rental properties
(09:13):
that are handled like stocks.And listen, some of those pay 3 to
5% of your investment everyyear. Again, while you're sleeping,
that REIT is giving you backincome. And we hit this one a little
bit a couple weeks ago. That'sindex funds and ETFs. Those are also
great passive income streams.Remember, they're like baskets of
different stocks, so you'renot playing one individual stock.
(09:34):
The beauty to them, as Italked about before, is they've got
lower fees and they spread outthat risk. But that's something else
that you can buy and let themgrow over time. You might be saying,
great, great, Ralph, I want todo this, but how do I effectively
do it? So here's your oneaction step today of how to build
this. You don't have to be amega investor. You can start small.
(09:56):
You can open a brokerageaccount with 20 bucks. It's really
that simple. You can just goand find that account, put $20 a
month into it, start buyingsome of these dividend paying ETFs.
Once you do that, here's oneof my little tricks. Automate that
process. A lot of people willdo that first investment, then they
never do it again. Reinvestthose dividends as I talked about.
(10:17):
That's a great tip. But, butautomate the process. Set it up so
that whenever you get yourpaycheck automatically, you put that
money into retirement or intothat investment plan. It's a great
way to automate that. And aswe talked about a couple weeks ago,
make sure you're diversifyingthis. We did a show about that. You
could check that out in ourarchive as well. But mixed stocks,
mixed bonds and REITs, youdon't have to be a super market investment
(10:40):
genius to do this. There aresome great funds out there that do
this. But bigger than allthose things, you really need to
take a second and think aboutshifting your mindset. Because so
many people hear passiveincome, they're like, oh, this is
great. I'm going to quit myjob next week. I'm not going to have
to work again. Doesn't workthat way. But if you take that consistent
ability to build that plan,what it does do, over time, it creates
(11:03):
financial breathing room. Ithought this was a great analogy.
Think of passive income not asan escape hatch, but it's not going
to pop open, you're going tofly out. But it's a safety net that
grows stronger year afteryear. Well, let's get into the Bible.
Today I found this verse fromthe book of Ecclesiastes. Now that's
a big word to use. One of myfavorite books of the Bible, though,
Ecclesiastes, chapter 11,verse 6. And this one just nails
(11:28):
exactly what I'm talking aboutagain. Ecclesiastes 11:6. Sow your
seed in the morning and at theevening let your hands not be idle,
for you do not know which willsucceed, whether this or that or
whether both will do equallywell. Let's unwind that a bit. Sow
that seed in the morning.Plant those investments, plant those
(11:49):
things in that passive thing.But again, what's the Bible telling
us? Don't quit working. Right?It's not telling us to quit working.
It says don't let your handsbe idle because both things. You
don't know which is going towork out better, this or that or
maybe what is the Bibletelling us? Maybe they'll both do
equally well. Why about wepray together right now? Father,
(12:10):
we come to you right now andwe're a little bit confused sometimes
with all the jargon and thethings coming at us from all directions.
These get rich quick schemesand his passive income. So, Lord,
right now we just ask you forwisdom. Help us to understand how
to build these multiple incomestreams, Lord. Give us guidance.
Show us to use this passiveincome not for our own greedy purposes,
(12:32):
but. But to build the kingdomof God for good purposes. We just
thank you, Lord, for thecreativity and the opportunities
that you put right in front ofus to grow these resources in our
everyday lives. And we justthank you and we praise you, Lord.
We ask this in confidence inthe name of Jesus. Amen. All right,
one more action item. I wantyou to just choose one passive income
(12:53):
stream this week, whether itbe a dividend, a reit, or some bond
fund, and write a goal foryourself. We talk about on my show
what gets measured gets done.Write that goal. And like I said
it doesn't have to be a ton ofmoney. Start small but make that
commitment for the long term.Because remember this passive income
is money working for you.Guess what? You're the boss. Dividends,
(13:14):
bonds, rentals, REITs are allpractical options. And again, remember
it's not magic. Planning andwisdom are required, but what you'll
find in the end is freedomcomes from multiple streams and faith
filled stewardship. Again,it's not quick cash, it's confidence.
It shows your money works foryou and that anyone can start with
just $25 a month. Are youencouraged by that? I don't know
(13:38):
about you, but I am. Well,tomorrow we're going to continue
in our financial series andwe're going to talk about what's
a financial advisor and do Ineed one for investing? That's a
great question and it'ssomething that we hear all kinds
of pros and cons about. ButI'm going to break it down on the
show tomorrow and really showto you why I think you might want
to consider having one ofthose financial investors. So here's
(14:00):
my charge for you today. Iwould love for you to spread the
word about this show. I feellike we're making an impact. I hope
you feel the same way too.Share it with a friend, post it online,
invite others to come andlisten to what we talk about. We
talk about hope here. We talkabout breaking that cycle of financial
shame. The more we can growtogether, the more impact we can
make. Just send them to ourwebsite. That's Financially Confident
(14:22):
Christian. Again, that'sfinanciallyconfidentChristian.com because
you never know, your share mayjust be the thing that they need
to finally break free of thatfinancial shame. Let me end with
this. True financialconfidence isn't about chasing a
side hustle that you hate.It's about knowing your investments
(14:43):
are quietly building freedomfor you. So go out there today and
be a financially confidentChristian. Stay financially savvy,
keep trusting God with yourresources. And I just want to thank
you right now for being partof Journey. God bless you and you
have a great day today.
I bet you heard about allthose people making millions while
they sleep. Listen, if youspend any time on social media and
bam, you see all these latesttrends and maybe, like me, you wonder.
Ralph, is this somethingreally that I can do? Let me start
by sharing some interestingstatistics. And I want to thank Abby,
my producer, for findingthese. They are really interesting
(00:20):
things because a lot of peoplethink passive income. They're like,
well, Ralph, that's for thewealthy people. Or that's for the
people who've arrived. Butthis is what really interesting.
53% of Americans. Yeah, 53%already have at least one passive
income stream. I gotta behonest with you, I was kind of surprised
by that. But listen to thisnext one. And this one was really
amazing to me. $4200 a year iswhat the average median passive income
(00:45):
is for most people in the USNow. That includes dividends, interest,
rents. So I was like, wow, alot of people already doing this.
And which led me to this quicktip. And I always want to start this
show with a quick tip. This isa quick win for you. Great statistic
here. 20 to 30% of people wereable to grow more wealth if they
(01:06):
kept their dividends invested.Now we'll talk about that in another
show. What dividends are. Butthey're basically the income you
get from stocks. But thinkabout, that's a quick win right there.
So if you're an investor individends, 20 to 30% more wealth
is derived by reinvestingthose dividends. And that leads us
to this great question fromone of our loyal listeners. And I
(01:27):
was so happy when I got thisquestion. Ralph, I keep hearing about
passive income. How can Iactually build it through investing?
Great question. And the truthis, many people don't really understand.
In fact, Abby and I weretalking before we hit the record
button, and she says, ralph, Ihear about this passive stuff on
social media all the time, butI don't know necessarily understand
(01:48):
what it is. And as we talkedabout, we all understand the idea.
If we work, we make income, weget paid. Yeah, that's pretty straightforward.
But let me ask you thisquestion. What if money could work
for you? That's right, you'dbe the boss. Imagine this. You're
the boss of your own money.And guess what? It is absolutely
possible they may be saying,ralph, why are you talking about
(02:09):
passive income? Well, here'swhat I'm talking about. It's so important
because it brings some amazingthing. It brings freedom, it brings
flexibility. And listen, ifyou do it right, it makes a huge
impact on your financial life.So today we're going to skip that
Instagram hype, we're going totune out social media and we're going
to get really practical. Andtoday I'm going to show you real
attainable investingstrategies to help you build passive
(02:33):
income and more importantlythan that, build confidence in your
financial future. Are youready to be your own boss today?
Well, let's get started. Thisis Financially Confident Christian,
your daily dose of gospel,grounded insight and faith driven
tips to help you break thecycle of financial shame with confidence.
(02:53):
Welcome to the show. I'mRalph. I'm so happy that you've chosen
to give me just a little bitof your time today. And we're in
the final week of our 30 dayinvestment series. Man, we have talked
about all kinds of thingsrelated to investments and if you
missed any, any of the shows,you can get all of our shows by going
tofinanciallyconfidentchristian.com and
specifically yesterday wetalked about breaking that piggy
(03:15):
bank and Abby and I shared ourown little piggy bank story. So if
you missed that one, I'm goingto encourage you to go check it out.
And you might be saying,ralph, okay, that sounds good. You're
an accountant, you do somefinancial work. But how do you qualify
to be involved in telling meabout passive income? The truth is
I've worked with clients forover 30 years. It makes me feel old
when I say that, to be honestwith you. But I've seen how clients
(03:37):
have benefited from thesemultiple streams of income to really
build that long termstability. And that's what we're
talking about. If you want toencapsulate what this whole investment
series has been, it's not beenabout quick wins. It's not been about
going to the casino andpulling that slot machine real. That's
not what we've been talkingabout. We've been talking about building
long term stability and thispassive investment, these passive
(03:59):
income things can bring youthat freedom and opportunities. And
here's the reason. The bigtakeaway for today, it helps you
be more generous because a lotof people have said to me, we've
gotten a couple emails sincewe started this series. Ralph, it
seems like you're really tyinginto greed in this series. Not at
all. What I'm talking about isbuilding financial freedom, breaking
that cycle that so many peoplefeel of that financial shame and
(04:22):
finally giving you confidence.Which leads me to a client story.
I had this one particularclient, started working with this
client when they were reallyyoung. They had just Gotten out of
college, they were justgetting established and I laid into
them. I said, listen, here's agreat idea for you. Take just a little
bit of money. In fact, I thinkat that point he was doing $25 a
month. I said, I just want youto go find a broker and start doing
(04:44):
some investing and buy somedividend paying stocks. Doesn't have
to be anything big or anythingelaborate like that. And build that
extra monthly income stream.This wasn't flashy, this wasn't some,
oh, I heard around the watercooler, I'm going to make a mint
if I buy this stock. That'snot what it was at all, but it was
something that was consistent.It's something that added to his
(05:07):
income and budget so that hecould gain that financial freedom
over time. And I love whatWarren Buffett once said. He said,
if you don't find a way tomake money while you sleep, you will
work until you die. Hey,that's a great quote, isn't it? But
Warren Buffett nails it. Ifyou don't find a way to make money
while you sleep. That's whatwe're talking about here with passive
income. We're really talkingabout putting your money to work
(05:30):
even when your head's on thepillow at night. Because if you don't
do that, guess what? You'regoing to work until the day you die.
And listen, passive incomeisn't magic. I'm not talking about
some magic tricks, Houdinipulling a rabbit out of a hat. It's
the result of steady planning.Which means I really need to break
down some myths right now. Somany people see these knuckleheads
or on social media, Instagram,TikTok, oh, you know, you can make
(05:53):
a million dollars overnightwhile you sleep. Just send me 10
bucks. Guess what? You'regoing to send them 10 bucks. You're
going to get nothing back.Because a lot of people have this
belief, this social mediahype, and I want you to watch out
for that. They believe thatpassive income means instant money
while you sleep. You know, yougo to bed tonight, tomorrow morning
you wake up and you're richbeyond measure. It's not going to
(06:14):
work like that in reality. Ittakes discipline, it takes time and
it takes patience. And here'sa lot of thing a lot of people don't
think about. A lot of peoplesay, well, passive income means there's
no effort in it. No, not atall. You gotta really understand
what you're investing in. It'sjust not tied to the hours that you
work. So let me ask you just afew questions. Do you want to chase
(06:39):
those get rich quick schemes?Listen, I've talked to people. They
say, Ralph, that's exactlywhat I want to do. I want to make
a million dollars overnight.Well, this isn't to show for you,
so click off now. Go findsomebody else that's going to lie
to you. That's not what I dohere. Or do you want to build lasting
financial confidence,something that's going to withstand
the test of time? Let me askyou this question. Would you rather
(07:02):
have unpredictable side hustleincome or dividends that keep showing
up year after year? See, a lotof people say, well, Ralph, I. I'm
going to go get that sidehustle. I'm going to do this, I'm
going to do that. I'm going tobe a photographer. I'm going to be
a wedding planner. I encourageyou to do those things. But the truth
is those things areunpredictable. You never know if
you're going to be able tomake money with that. But dividends,
(07:24):
stocks and things like that,these passive incomes, if you do
it right, they will show upfor you year after year. So let me
give you some basic passiveincome ideas. And when I was preparing
for the show, I. I didn'tthink about how simple these things
really are. We've alluded tothis one a couple times. Dividends
from stocks. Let me drill intothat just a little bit. The way dividends
(07:44):
work is when you buy companystock, the company shares a part
of their profits with you. Forexample, let's say you have $100,000
in stocks. Now, that's a lotof money, but I just throw it out
there because it's easy to seethis mental math picture. If you
have $100,000 in stocks andlet's say the company's giving you
a 3% yield or a 3% dividend,think about this. You're going to
(08:06):
earn $3,000 a year. All you'redoing is staying invested in that
company. And that's a steadyway to build wealth over time. Now,
maybe you're not big into thestock market. Well, you can do it
with bonds, you can do it withcertificates of deposits. As we talked
about on the show a coupleweeks back, when you buy these things,
there's lower returns becausethere's lower risk. They're more
(08:28):
predictable. When you put thatmoney in that CD every month, guess
what? The bank is going to putinterest in your account. When you
get to the end of what'scalled the maturity, you're Going
to have more money than whenyou started. Again, it's not flashy,
but it's reliable. Now, wealso talked about real estate investments.
I'm not going to get too deepinto those details. But rental properties,
(08:50):
those are great passiveincomes. There's some active when
you go find the property, getthe property ready for rent. But
once it's set up and once it'sbeing rented, that can grow into
a large income source. I workwith clients that have many, many
rental properties. It's a hugething. Maybe you're not. You don't
have the stomach for therental properties. You can do those
REITs that we talked about,that that's basically rental properties
(09:13):
that are handled like stocks.And listen, some of those pay 3 to
5% of your investment everyyear. Again, while you're sleeping,
that REIT is giving you backincome. And we hit this one a little
bit a couple weeks ago. That'sindex funds and ETFs. Those are also
great passive income streams.Remember, they're like baskets of
different stocks, so you'renot playing one individual stock.
(09:34):
The beauty to them, as Italked about before, is they've got
lower fees and they spread outthat risk. But that's something else
that you can buy and let themgrow over time. You might be saying,
great, great, Ralph, I want todo this, but how do I effectively
do it? So here's your oneaction step today of how to build
this. You don't have to be amega investor. You can start small.
(09:56):
You can open a brokerageaccount with 20 bucks. It's really
that simple. You can just goand find that account, put $20 a
month into it, start buyingsome of these dividend paying ETFs.
Once you do that, here's oneof my little tricks. Automate that
process. A lot of people willdo that first investment, then they
never do it again. Reinvestthose dividends as I talked about.
(10:17):
That's a great tip. But, butautomate the process. Set it up so
that whenever you get yourpaycheck automatically, you put that
money into retirement or intothat investment plan. It's a great
way to automate that. And aswe talked about a couple weeks ago,
make sure you're diversifyingthis. We did a show about that. You
could check that out in ourarchive as well. But mixed stocks,
mixed bonds and REITs, youdon't have to be a super market investment
(10:40):
genius to do this. There aresome great funds out there that do
this. But bigger than allthose things, you really need to
take a second and think aboutshifting your mindset. Because so
many people hear passiveincome, they're like, oh, this is
great. I'm going to quit myjob next week. I'm not going to have
to work again. Doesn't workthat way. But if you take that consistent
ability to build that plan,what it does do, over time, it creates
(11:03):
financial breathing room. Ithought this was a great analogy.
Think of passive income not asan escape hatch, but it's not going
to pop open, you're going tofly out. But it's a safety net that
grows stronger year afteryear. Well, let's get into the Bible.
Today I found this verse fromthe book of Ecclesiastes. Now that's
a big word to use. One of myfavorite books of the Bible, though,
Ecclesiastes, chapter 11,verse 6. And this one just nails
(11:28):
exactly what I'm talking aboutagain. Ecclesiastes 11:6. Sow your
seed in the morning and at theevening let your hands not be idle,
for you do not know which willsucceed, whether this or that or
whether both will do equallywell. Let's unwind that a bit. Sow
that seed in the morning.Plant those investments, plant those
(11:49):
things in that passive thing.But again, what's the Bible telling
us? Don't quit working. Right?It's not telling us to quit working.
It says don't let your handsbe idle because both things. You
don't know which is going towork out better, this or that or
maybe what is the Bibletelling us? Maybe they'll both do
equally well. Why about wepray together right now? Father,
(12:10):
we come to you right now andwe're a little bit confused sometimes
with all the jargon and thethings coming at us from all directions.
These get rich quick schemesand his passive income. So, Lord,
right now we just ask you forwisdom. Help us to understand how
to build these multiple incomestreams, Lord. Give us guidance.
Show us to use this passiveincome not for our own greedy purposes,
(12:32):
but. But to build the kingdomof God for good purposes. We just
thank you, Lord, for thecreativity and the opportunities
that you put right in front ofus to grow these resources in our
everyday lives. And we justthank you and we praise you, Lord.
We ask this in confidence inthe name of Jesus. Amen. All right,
one more action item. I wantyou to just choose one passive income
(12:53):
stream this week, whether itbe a dividend, a reit, or some bond
fund, and write a goal foryourself. We talk about on my show
what gets measured gets done.Write that goal. And like I said
it doesn't have to be a ton ofmoney. Start small but make that
commitment for the long term.Because remember this passive income
is money working for you.Guess what? You're the boss. Dividends,
(13:14):
bonds, rentals, REITs are allpractical options. And again, remember
it's not magic. Planning andwisdom are required, but what you'll
find in the end is freedomcomes from multiple streams and faith
filled stewardship. Again,it's not quick cash, it's confidence.
It shows your money works foryou and that anyone can start with
just $25 a month. Are youencouraged by that? I don't know
(13:38):
about you, but I am. Well,tomorrow we're going to continue
in our financial series andwe're going to talk about what's
a financial advisor and do Ineed one for investing? That's a
great question and it'ssomething that we hear all kinds
of pros and cons about. ButI'm going to break it down on the
show tomorrow and really showto you why I think you might want
to consider having one ofthose financial investors. So here's
(14:00):
my charge for you today. Iwould love for you to spread the
word about this show. I feellike we're making an impact. I hope
you feel the same way too.Share it with a friend, post it online,
invite others to come andlisten to what we talk about. We
talk about hope here. We talkabout breaking that cycle of financial
shame. The more we can growtogether, the more impact we can
make. Just send them to ourwebsite. That's Financially Confident
(14:22):
Christian. Again, that'sfinanciallyconfidentChristian.com because
you never know, your share mayjust be the thing that they need
to finally break free of thatfinancial shame. Let me end with
this. True financialconfidence isn't about chasing a
side hustle that you hate.It's about knowing your investments
(14:43):
are quietly building freedomfor you. So go out there today and
be a financially confidentChristian. Stay financially savvy,
keep trusting God with yourresources. And I just want to thank
you right now for being partof Journey. God bless you and you
have a great day today.
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