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Search resuls for: "Shaan Patel"


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In college, Shaan Patel used $3,000 in extra scholarship money to start a business that now earns $150,000 per year in passive income. He used $3,000 in extra scholarship money to invest in the earliest stage of his company, Prep Expert, a digital SAT and ACT prep course company. We can learn three things from Patel about starting a business that earns $150,000 annually in passive income. His first class took place in the summertime, between school semesters, and included 18 high school students eager to raise their scores. Patel used that money to hire more employees who could create digital courses and provide real-time tutoring for high school kids who needed help in other subjects.
Persons: Shaan Patel, Patel, Mark Cuban, , you'll, weren't, doesn't Organizations: SAT, ACT, Service, Ivy League, Prep, Business, Tank, Cuban Locations: Las Vegas
The test is shorter, adaptive, and tests real-world skills. One test expert says it's easier than past versions but clarifies it's still not an easy test. The digital SAT has some content changesFor starters, the digital test will be shorter and adaptive. "There's even a digital calculator built into the testing application, in case you don't have a graphing calculator," Patel said. AdvertisementThe digital SAT is easier"The new question types are actually testing students in a much more real-world manner than the previous versions of the SAT," Patel said.
Persons: it's, , Brown, Shaan Patel —, Patel, you'll Organizations: Service, Yale Locations: Dartmouth
He makes passive income through licensing his digital courses, monetized YouTube content, and book royalties. Patel says many people overlook passive income from high-yield savings accounts. Patel tapped into a lucrative source of passive income that earns $150,000 per year, according to records reviewed by Insider. Aside from digital courses, he has six other passive income streams that help him earn an extra $250,000 on top of his physician's salary. Digital coursesPatel invested 10 years into perfecting his digital courses, and it paid off.
High-yield savings accountsA regular savings account can have interest rates as low as 0.03%, while a high-yield savings account can yield up to 5% (although rates do fluctuate). Pros Check mark icon A check mark. Open accounts you might not be able access outside of SaveBetter Check mark icon A check mark. Pros Check mark icon A check mark. Great for those who want to invest in low-risk, short-term investments Check mark icon A check mark.
Persons: , Shaan Patel, Hannah Whatley, you've, Patel Organizations: Service, OceanFirst, Mint, FDIC, Chevron, AIF, US Treasury, Treasury, Bond, SEC, Reading Chevron
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