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LBRY Claims • passive-income-real-or-fake-in-2021

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8 Feb 2022 02:19:58 UTC
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PASSIVE INCOME: Real or Fake in 2021?
Passive income is a term that gets thrown around a lot by financial education YouTubers like Alex Becker, Dan Lok, Pat Flynn, Millionaire Millennial, Graham Stephan and yours truly Matthew Pillmore. And I think its time we stopped using Passive Income to describe the residual income we're all striving to build for ourselves. In this video I discuss the reasons why the term passive income is a myth and how we should begin looking at it as progressive income instead.

Now I'm not married to that term, so if you have any better ideas I'd love to hear about them in the comments below, but I do think it serves the purpose of describing how to make money in a more residual and efficient manner, while also revealing the fact that building out these revenue streams cannot be done passively - they take work!

That said it's all about being efficient in how the systems are built so that as time goes on you're spending less and less time on that revenue stream making it more and more efficient in building wealth over time. If you want to know how to get rich then you will have to look at progressive or residual income streams - you only have so many hours you can work a day.


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http://www.FreeCoachingCalendar.com

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It's way more than just a budgeting spreadsheet! Manage your finances completely and easily with the Cash Flow Cruncher, our gift to you just for being a viewer of the channel!

Getting into Real Estate? Check out the Real Estate Investment Analysis Worksheet, a FREE resource that helps you calculate whether or not a property will be a money-making machine for you!
http://www.investmentanalysisworksheet.com

Want more actionable financial tips and tricks like this one? Check out our YouTube channel here https://www.youtube.com/vipfinancialed

Much like Robert Kiyosaki, VIP is all about utilizing leverage (via Debt Weapons) to increase cash flow through investing in all types of things, from real estate to small businesses. VIP differs in their approach to the follow-through, utilizing some of the things Dave Ramsey teaches - optimizing your cash flow by decreasing expenses - however VIP differs there too. We are all about maintaining the lifestyle design YOU want, all while optimizing your expenses through creative approaches. We're all about the best of both worlds.

Do you watch Dave Ramsey, Robert Kiyosaki, Grant Cardone, Gary Vee, Graham Stephan, Meet Kevin, Ryan Scribner, Replace Your Mortgage, Project Life Mastery, Russel Brunson, Alex Becker, Tanner J Fox, Refusing to Settle, Dan Lok, Jeff Rose, Tai Lopez, Bigger Pockets, or Pat Flynn? Then you'll love our channel! Be sure to subscribe!!

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https://www.youtube.com/watch?v=YpmqWypnM5Y
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