The TRUTH About Passive Income | Don't Buy The Lie (2018)

Published on December 4, 2020

Interesting overview related to residual incom, multiple sources of income, and Passive Income Ideas Vancouver, The TRUTH About Passive Income | Don't Buy The Lie (2018).

Passive income is one of the biggest scams in the world and here’s why. ► Subscribe to My Channel Here:
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1:30 I just want to make sure that you don’t fall for the scam like I did when I was in my teens. You know, I believed in the passive income lie and this thing that you can become successful without doing much.

2:00 The only people that are successful that are generating passive income are the ones that are selling you the idea of passive income. Don’t you find that interesting and weird? Can you become successful passively?

2:50 Passive Income Is A Lie: It Poisons Your Mind
When you start believing in passively becoming successful and generating passive income, you start falling into the mind that your mind, you’re embedding the idea right here, that you’re saying I’m going to be able to get something without doing anything or doing the minimum amount and getting the most.

3:15 Show me, ONE successful person, even that you know or in your circle, that’s become successful passively. That did not actively work 40, 50, 60, 70, 80 hours a week to be able to build a successful empire, or whatever success means to them on an ongoing basis and be able to stay successful passively. It does not exist. So make sure that you don’t get this poison into your mind that you can do the minimum effort and be able to become successful, it does not exist.

3:30 Passive Income Is A Lie: Illusion of Investment
You cannot be passive about something because the moment you’re passive, you lose the grip on it and you start losing it, and it starts depleting. You cannot become successful, as I mentioned before, getting successful and staying successful being passive.

Passive income looks “passive” in the short term, but Amazon products change, consumers change, competitors come onto your site or come onto to Amazon and then that increases all these different variables and then instead of you thinking, “Oh, I’m just gonna put five hours a week “or even four hours a week.” That four hour is going to become more. You can’t stay competitive without putting in the amount of work. It doesn’t make any sense.

7:00 So there’s nothing passive about putting 40, 50 hours a week. One of the main things, why passive income does not exist, is change. Change is one of the factors that exist throughout our lives, you know, people change, our markets change, the economy changes, everything is, the core variable is changed. So how can you be passive about something that consistently changes? When something changes, you have to react, and you have to adapt, and you have to take action. So there’s nothing passive about that.

7:30 Passive Income Is A Lie: They’re making passive income by selling you how to be passive income. So don’t fall for that scam when you buy something or people will lead into it because they try to seduce you with the idea that you can get something from nothing which is very, pretty much like poison in your mind and once you embed it very deeply, you’re going to find out that you’re not going to be very successful.

9:50 Invest and put time into your financial capital when you take your money, you invest it into something, and you’re able to leverage that in your business, to make or bring on a team, you’re able to use it for marketing, use it for advertising. Your human capital, when you’re able to bring on people and scale yourself, your business, when you are delegating to all these things. When you’re able to scale your mental capital, your knowledge capital, relational capital, all these things, when you’re able to communicate and build your network and leverage the relationships that you have, when you’re able to leverage the amount of information and knowledge and pure wisdom that you can learn, through other people, your network, your board of advisors, board of directors.

11:10 The great leaders of the world did not focus on passive income when they started. They focused on being passionate about a problem that they wanted to solve in the marketplace. They focused on developing a result for a lot of people to create a business and leverage the capitals that they had in life to be able to achieve the success they want. So that’s why if you start from the beginning of passive income, you will not be able to become successful if you consistently believe in that. The final thing would be that success in anything requires that you to be active in anything that you do. That’s what you want to focus on is being active.

Passive Income Ideas Vancouver

Passive Income Ideas Vancouver, The TRUTH About Passive Income | Don't Buy The Lie (2018).

Generating Income – How You Can Grow In Any Economy

These are just three of the things I love and where I can produce new earnings sources for myself. You become a supplier or affiliate of a moms and dad company that offers services or products.

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Passive Recurring Income – Work When, Make Income Continuously

Many start by setting up a minimum of 8 earnings streams. Stockbrokers will inform you the very same – diversify your earnings. After years of clocking in, you should be tired of the 9-5, day-to-day drag.

This kind of earnings truly is possible however you should look carefully at how you can create it. If you consider the number of hours in a day and after that consider why some people are abundant and others are not then it ends up being quite clear that passive earnings is in fact a reality.

Interest passive income sources or dividends. How to get it: Buy a lot of stocks/bonds or leave a lot of money in a savings account. Accumulate interest/dividends. Note: Unless you have millions bound in bonds and stocks, dividend interest will not be substantial money. With $500,000 in a 5% bearing account, you would make $25,000 a year in interest/from dividends.

The more buyers and clients you have, the more money you get to earn. Without a doubt, any person can plan out a system that can be useful in passive income streams.

Conclusion: passive income ideas, is what the rich find out to search for, however they aren’t only for the abundant. Although our chances of finding, producing and nurturing a desire a be star into a super-star is slim to nearly impossible; our chances of discovering “other ways” to earn earnings or investigate passive income ideas that might potentially “a minimum of” double our present earnings are ending up being more and more commonplace.

Individuals browse the Web trying to find details. If you can offer precisely what they require in an ebook or report, they’ll gladly spend for it since it solves a problem which they have.

To start with, you compose as lots of short articles that you potentially can about your niche. You offer a little bit of useful details, however not too much. You just require to provide sufficient details to influence the reader to click the link to your site. This is an effective circumstance in which you drive more traffic to your site.

A lot of people think that developing these streams of affiliate marketing earnings is truly difficult. It is not. Since they do not have an action by step plan, they think it is hard. They do not understand what to do and how to do it. With an excellent step by step plan you can easily have a 6 figure passive earnings stream utilizing affiliate marketing.

I make sure you do and that is the main reason that you’re taking a look at this post today. There are passive income ideas based on marketable skills, such as composing. Know you desire to purchase a vehicle in 12 months?

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