Are you trying to build passive income but feel stuck, confused, or overwhelmed by all the “gurus” telling you 100 different strategies?

In this episode, Brad breaks down exactly how real people can build real wealth—not by gambling on stocks, chasing hype, or signing risky loans, but by using simple, practical steps that actually work in the real world.

He reveals the four types of passive income, the four types of real estate investing, and the #1 mistake that keeps people broke: personally guaranteed debt.

Plus, Brad shares the wild story of how he used $60,000 to acquire 38 houses—and turned that into 16 free-and-clear rentals producing consistent monthly cash flow.

If you want financial freedom, purpose-driven wealth, and a life where your passive income is bigger than your expenses, this episode is your roadmap.

💡 Key Takeaways

• Why dividend stocks, royalties, and small-business equity aren’t as “passive” as people think
• The real meaning of margin of safety (and why Warren Buffett’s advice still applies today)
• The big difference between being rich and being wealthy
• Why traditional bank financing is the worst path for most people
• How non–personal guaranteed loans protect your wealth
• The simple method Brad uses today: buying houses free and clear
• How one creative deal turned $60K into a lifetime of cash flow
• Why your personality, income, and gifts matter in choosing the right wealth path
• The faith-driven principle that protects you from losing your “bed” (literally)

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⏳ Chapters

00:00 – Introduction
01:51 – Today’s Question: How to Acquire Passive Income
02:22 – Non-Real Estate Passive Income Options
02:42 – Dividend Investing Explained Simply
03:33 – Why Stock Market “Experts” Overcomplicate Everything
04:16 – Real Passive Income vs Speculation
07:13 – Business Equity & Distributions
09:05 – Private Lending and Why Collateral Matters
11:47 – Why Most People Understand Real Estate Best
12:03 – The 4 Types of Real Estate Cash Flow
14:20 – Margin of Safety: Warren Buffett’s Rule Applied to Real Estate
15:42 – Why Traditional Banks Limit Your Growth
17:06 – The Problems with Commercial Loans & Adjustable Rates
18:25 – Subject-To Financing (Explained Simply)
19:57 – Owner Finance & Private Finance
21:09 – What Dave Ramsey Gets Right—and Wrong—About Debt
23:37 – Buying Houses Free & Clear (Brad’s Preferred Method)
24:07 – The Markets Where You CAN Still Do This
25:29 – The Power of Partnerships & REEPs
26:11 – Brad’s $60K → 38 Houses Deal Explained
31:33 – How to Think Creatively About Passive Income
32:03 – Final Thoughts