4 Passive Income Investing Strategies That Will Save You Time and Give You Peace of Mind

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Global expansion, rapid evolution, cryptocurrency and NFTs expand the field and investment opportunities.

I recently met Eric Francom, whose name literally means "Free Man", I came up with some brilliant strategies to get high returns on short-term investments I hadn't thought of.< /p>

Eric graduated from dental school with a lot of debt, but he accepted more to open his practice. He woke up every morning and was vomiting. Consumed by anxiety, his practice barely prospered and he struggled to meet his financial goals.

So he made some quick changes.

First, he increased his firm's profits by finding hidden revenue options, streamlining processes, and growing. Then he sold the practice at its peak. Two years and a few investments later, he had quadrupled his net worth. Here's what the man taught me...

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1. Quick returns reduce risk

Invest in trades with the potential for high returns over short periods of time. Case in point: Eric invested $100,000 in a deal that could potentially yield between $200,000 and $1 million in three years. That's 4x to 10x returns delivered as an interest payment of $2,000+ per month. This type of movement is derisked by the short time frame and the rapid achievement of high returns.

2. Invest in the jockey, not the horse

Bet on cryptocurrency backed by a reputable and established company. Do your research. It is essential that companies that support crypto have a proven track record of success, making it more likely that your investment will also succeed.

Related: 3 Questions to Answer Before Investing More in Your Marketing Budget

3. Diversify into uncorrelated industries

Invest money or see value, with the potential for high returns and the ability to buy stock or cash out of an exit with growing tech companies.

Look for companies with ample cash, low overhead, and low levels of debt. Lower risks mean higher returns on investment.

Other opportunities can help reduce taxes by one to two times, in addition to paying dividends, when you invest in certain real estate transactions. Amortization is accelerated and you can get a reduction of $1.75 for every dollar invested in the first year. This type of opportunity can help you save money, instead of losing it to taxes, and potentially even earn more.

4. Freedom is better than money

Whether you're negotiating an investment deal or preparing to sell your business, the terms are most important.

Each has three main components: they're risk-free because they have short lead times, substantial money-back guarantees, and are made with trusted companies.

The short-term nature of these opportunities can help you secure passive income streams and quickly increase your net worth.

Related: Make Your Money Grow When You Learn to Trade

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