Dive into wealth-building growth strategies with Ryan Derousseau! Discover passive income strategies, tax tips, and budgeting secrets in our latest episode. #FinancialFreedom #SelfEmployed
Today, Paula Christine chats with Ryan Derousseau, a seasoned fee-only financial advisor and part-time author. Ryan shares practical strategies for building passive income streams from real estate and online courses, shedding light on the effort required to make these ventures successful. He also introduces the powerful concept of flow-based budgeting, a practical tool to help you manage fixed and flexible expenses, ensuring your investment decisions are wise and sustainable. Other topics discussed in the episode include tax strategies, saving tips, and retirement investments.
Ryan Derousseau, an independent journalist and writer, specializes in investing, personal finance, and business. A regular contributor to Fortune Magazine, his work has been featured in numerous publications, including CNBS, The New York Times, and CNNMoney.com, among others. He authored “The Everything Guide to Investing in Cryptocurrency,” a comprehensive guide to safe investment in this new asset class. Ryan holds an English degree from the University of Texas at Austin and a Master’s in Business Journalism from New York University. He resides in Long Island with his family and enjoys Kansas basketball, Texas football, gardening, and cooking in his spare time.
Find Ryan:
Website: https://www.ryanderousseau.com/
LinkedIn: https://www.linkedin.com/in/ryanderousseau/
X: https://twitter.com/RyanDerous
Get the free e-book: https://thinkingcapfinancial.com/selfemploymentincometowealth/
Episode highlights:
(0:00) Intro
(0:44) Difficulty for business owners to build wealth
(3:13) Building multiple streams of income
(4:21) Flow-based budgeting
(6:13) Tax strategies
(10:17) Investing in retirement accounts
(11:35) Budget projections and savings
(16:01) Ryan's book
(19:35) How to find Ryan
(15:54) Outro