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036: Transforming Active Earnings into Passive Wealth
Manage episode 433963958 series 3558946
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In this episode, we delve into one of the most crucial aspects of financial literacy: the difference between being income statement wealthy and balance sheet wealthy. Michelle guides Sophia through a practical lesson using real numbers from Sophia's current income sources, including her job and land business. They also discuss balance sheet wealth, focusing on creating income from assets, and the concept of passive income in wealth building.
Tune in to discover how you can begin your journey towards financial independence and long-term wealth.
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ABOUT MICHELLE: 🤯 🚀
Michelle Bosch is the CEO and co-founder of Orbit Investments and has been a full-time real estate investor since 2002.
She has bought and sold over 4,500 pieces of real estate and built the 3rd largest land investment and auction company in the US, bringing that company successfully into the 8-figure revenues in a matter of 18 months. She also invests in multi-family real estate with over 1,000 units and $70 million in assets under management.
She is also the Co-Creator of the nationally recognized Land Profit Generator Program, focusing on teaching others how to invest in Land.
Michelle Co-Hosts together with her teenage daughter, Sophia Bosch the "Becoming Wealthy" Podcast granting women an insider's view on wealth creation and paving the way for a new generation of savvy and financially independent women.
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