Active to Passive Income
The truth on passive income, cashflow quadrant, assets vs liabilities
Active to Passive Income
Video coming soon
Scroll down to complete Trailmix Wealth community polls and activities related to this lesson!
Activity 1: Asset or Liability?
A quick gut-check on what counts as an asset. Tap each item below and decide: is it putting money in your pocket, or pulling it out? Some answers will surprise you.
Activity 2: The Passive Income Spectrum (Buy vs. Build)
Map each asset onto the spectrum from "Pure Passive (requires capital)" on the left to "Highly Active (requires time/hustle)" on the right. The lesson: there's no "best" — only what matches your current ratio of capital to time.
Michael's book pick for this topic is on the way. In the meantime, browse the full bookshelf.
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Related Tools & Resources
Platforms Michael uses that are relevant to this lesson. These are affiliate links to support our work bringing free, advanced wealth-building education to all.
Sequence
The money-routing app that automatically splits every paycheck across your bills, savings, and investments.
Monarch Money
The budgeting app I actually use. Clean interface, tracks net worth, joint accounts for couples. 50% off your first year.
SoFi Bank
High-yield savings, Roth IRA, and brokerage all in one place. Up to a $400 welcome bonus for new accounts.