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The Passive Income Roadmap: Guide to Financial Independence

CPD Accredited | Interactive Learning Materials | Free PDF & Hardcopy Certificates | Tutor Support | Lifetime Access


Cambridge Open Academy

Summary

Price
£18 inc VAT
Study method
Online
Course format What's this?
Video
Duration
3 hours · Self-paced
Access to content
Lifetime access
Qualification
No formal qualification
CPD
10 CPD hours / points
Certificates
  • Certificate of Completion (Hard Copy) - Free
  • Certificate of Completion (PDF) - Free
Additional info
  • Exam(s) / assessment(s) is included in price
  • Tutor is available to students

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Overview

Tired of trading your time for money? Do you dream of financial freedom and a stable income stream that continues to flow, even when you're not working? This course is your roadmap to achieving just that! Did you know that over 50% of millionaires have at least three streams of passive income? Welcome to "The Passive Income Roadmap: Guide to Financial Independence" course, where you'll delve into the world of passive income and unlock the secrets to building wealth effortlessly. Across eight comprehensive sections, explore the concepts of recurring and residual income, understand their nuances, and uncover various strategies to pave your way towards financial freedom.

Learning Outcomes:

  • Understand the concept of Passive Income and its significance in achieving financial independence.
  • Differentiate between Recurring and Residual Income, recognising their diverse forms.
  • Identify various types of Recurring and Residual Income streams for wealth generation.
  • Establish the interconnection between Recurring, Residual, and Passive Income for comprehensive financial planning.
  • Formulate effective strategies for building wealth through Passive Income avenues.
  • Apply theoretical knowledge to create a personalised Passive Income roadmap.
  • Reflect on the importance of Passive Income in long-term financial stability and freedom.

Certificates

Certificate of Completion (Hard Copy)

Hard copy certificate - Included

Note: For delivery of the hardcopy certificate, students within the United Kingdom have to pay £9.99 and international students have to pay £19.99 postal charges for the shipment to their designated address.

Certificate of Completion (PDF)

Digital certificate - Included

CPD

10 CPD hours / points
Accredited by CPD Quality Standards

Course media

Description

Dive into the realm of financial empowerment with our comprehensive course on Passive Income. Passive Income, a buzzword in today's digital age, holds the key to unlocking financial freedom and stability. Throughout this meticulously crafted course, you'll explore the intricacies of Passive Income, its various forms, and its pivotal role in achieving financial independence.

From understanding the fundamental concepts of Recurring and Residual Income to delving into the myriad streams of Passive Income, this course equips you with the essential knowledge to navigate the complex landscape of wealth generation. Discover the strategies and techniques employed by successful individuals to build sustainable Passive Income streams, ensuring a secure financial future.

Enrol now and embark on a journey towards financial liberation! Take charge of your financial destiny and pave the way for a prosperous tomorrow.

Course Curriculum:

  • Section 01: Introduction
  • Section 02: What are Recurring Income Streams?
  • Section 03: What is Residual Income?
  • Section 04: Types of Recurring Income
  • Section 05: Types of Residual Income
  • Section 06: Relationship between Recurring, Residual and Passive Income
  • Section 07: Building Wealth Strategies
  • Section 08: Conclusion

Who is this course for?

  • Individuals aspiring to achieve financial independence.
  • Entrepreneurs seeking to diversify their income sources.
  • Students interested in understanding Passive Income strategies.
  • Professionals looking to augment their existing income streams.

Career path

  • Entry-level Passive Income Analyst: £25,000 - £35,000 per annum
  • Passive Income Specialist: £40,000 - £60,000 per annum
  • Passive Income Consultant: £65,000 - £85,000 per annum
  • Passive Income Manager: £90,000 - £120,000 per annum
  • Passive Income Director: £130,000 - £180,000 per annum
  • Passive Income Executive: £200,000+ per annum

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FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.