Gist of the 7R theory for passive income generation:-
Rate -> You buy a cloth with a rate
Remuneration - Doctors gets paid for providing services
Replication -> Theatre vs Movies
Rent -> Equipment/Car/Property
Royalty -> you write a book and get royalty from publishers/ you create an app and get royalty from google/apple
Rights -> you write a book and have rights on it. Harry Potter theme park
Returns-> Stock Market investment
Link can be found here: https://www.youtube.com/watch?v=E8xFo5lZGDA
Rate -> You buy a cloth with a rate
Remuneration - Doctors gets paid for providing services
Replication -> Theatre vs Movies
Rent -> Equipment/Car/Property
Royalty -> you write a book and get royalty from publishers/ you create an app and get royalty from google/apple
Rights -> you write a book and have rights on it. Harry Potter theme park
Returns-> Stock Market investment
Link can be found here: https://www.youtube.com/watch?v=E8xFo5lZGDA
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