Active to Passive Income
The truth on passive income, cashflow quadrant, assets vs liabilities
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.
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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.