Myth Buster: It's All About Passive Income

SUBSCRIBE AND FOLLOW FOR MORE VIDEO CONTENT - https://www.youtube.com/c/propertywealthsystem Mark Winship, Caroline Claydon and James D'Souza are here this week to bust another commonly held myth - passive income! Join the team as they discuss what it really means, if it is achievable, and if it really actually exists at all... KEY TAKEAWAYS There are many strategies that have varying degrees of passive income to them, but every single strategy requires a good deal of work at the outset. Passive income should be reframed as recurring income, which is a far more suitable term. Passive income suggests that setting up a property business is easy, and this isn't the case. Even when we achieve success in property, there are always factors to consider, such as the day to day running of your portfolio. Even the act of considering who best to use in order to leverage your portfolio is, in itself, a task.  BEST MOMENTS 'Clarity of your goals will help you to start the way you mean to go on' 'Passive income depends on the strategy' 'People hear "passive income" and they think this is going to be easy'  VALUABLE RESOURCES This Property Life - https://podcasts.apple.com/gb/podcast/this-property-life-podcast/id1540075591        ABOUT THE SHOW This Property Life is hosted by the team at Property Wealth System. We are a collective of experienced active investors passionate about all things property. Mark Winship is an experienced property investor and mentor with a portfolio of HMO and Serviced Accommodation properties across the UK. Mark's background in coaching high performance athletes has lead to a passion for mentoring people to achieve their life goals using property investment as a vehicle. Caroline Claydon Caroline Claydon has over 22 years experience in investing in property but it's only the last 12 years she's operated as a professional investor.  Her and her husband have built their portfolio throughout the UK covering strategies from buy to let's, social housing, HMOs, developments and more recently a hotel.  She has travelled the world training people for the last 10 years on how to invest, scale and accelerate their UK property businesses regardless of where they are based.   Caroline loves helping people reach their full potential by changing their mindsets to money, debt, property and investing.  James D'Souza started investing in property from a young age and now owns a significant portfolio of buy-to-let properties, professional HMO's and commercial developments. Whilst actively growing his own property business, James helps countless other people start and scale their own property journey. CONTACT METHOD You can join Mark, Caroline and James along with a whole host of other like-minded investors in the Property Wealth System Facebook Community: https://www.facebook.com/groups/propertywealthcommunity Mark Email: [email protected] Mark Linkedin: https://www.linkedin.com/in/mark-winship-68b34833 Caroline Email: [email protected] Caroline Linkedin: https://www.linkedin.com/in/caroline-claydon-property/ James Email: [email protected] James Linkedin: https://www.linkedin.com/in/james-d-souza-552342104/ Hosted on Acast. See acast.com/privacy for more information.