Passive Income Toolkit

Step 1 of 7

Your details

Full name Email address City Phone number

Step 2 of 7

Financial vision and situation

Describe your ultimate financial goal and how passive income fits into it.

Primary job incomeSide or freelance incomeInvestment incomeOther incomeRent or mortgageFoodUtilitiesPhoneChildcareGasCar paymentsCar insuranceEntertainmentOther insuranceDebt paymentsOther expenses

Step 3 of 7

Education and strategy

Which passive-income streams are you already familiar with?Book titlePodcast titleOnline course titleSeminar titleArticle or blog titleWorkshop titleRisk tolerance

Step 4 of 7

Assets, liabilities, and net worth

Cash (on hand or in bank)Savings accountRetirement accountInvestment accountReal estatePersonal propertyBusiness ownershipOther assetsMortgagesCar loansStudent loansCredit card debtPersonal loansBusiness loansOther liabilities

Step 5 of 7

Diversification plan

Current stocks allocation %Current bonds allocation %Current real estate allocation %Current commodities allocation %Current cryptocurrency allocation %Current other allocation %

Target stocks allocation %Target bonds allocation %Target real estate allocation %Target commodities allocation %Target cryptocurrency allocation %Target other allocation %

Which opportunities align with your risk tolerance, and why?

Step 6 of 7

Taking action and tracking

Which actions are part of your next plan?

How will you reinvest and grow passive income?

Rental property received to dateDividend stocks received to dateLending received to dateOnline business received to dateOther stream received to dateAdditional stream received to date

How will you monitor performance and stay flexible?

Step 7 of 7

Mentorship and commitment

Which mentors or communities could support you?Mentor 1 - name or organisationMentor 1 - contact infoMentor 1 - area of expertiseMentor 2 - name or organisationMentor 2 - contact infoMentor 2 - area of expertiseMentor 3 - name or organisationMentor 3 - contact infoMentor 3 - area of expertiseHow will you commit to continual learning and improvement?What is your first concrete next step?

Prefer a manual resource?