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How To Make More Money Without Working More

Twenty dollar bills are shown in this photo, Aug. 23, 2017.

Photo by Erik Anderson

Above: Twenty dollar bills are shown in this photo, Aug. 23, 2017.

GUEST: Paul Lim, financial planner, The Wealth Consulting Group and adviser, San Diego Financial Literacy Center

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Transcript

Typically if you want to earn more money you have to work longer hours. But wouldn’t it be great to not have to work more to create more income?

That’s the idea behind a concept known as passive income where time input is not directly related to the amount of money you make. Some common examples of passive income include stock investments and real estate.

Financial planner Paul Lim joins Midday Edition Thursday to discuss new ways to create passive income. Lim is also an adviser with the San Diego Financial Literacy Center.

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