Passive Income
topic on 6 shows · 13 statements across 10 episodes
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13 statements about Passive Income, every show
Housel: True Passive Income Rarely If Ever Exists
“I think it rarely, if ever, exists, because what people think of passive income is, I don't have to work to get this, and anyone who's been, like a landlord, like, realizes, like, that could be a full-time job for doing it, or owning small businesses.”
Taylor: Early investors must prioritize capital growth over passive income
“In the beginning, the calculation is this. You need to grow your wealth. So even though we're talking about passive income coming in, if you pick passive income over growth, it's going to be a smaller return. So in the beginning, I was focused on growing the w…”
Tu: The only truly passive income strategy is asset ownership
“The only, I think, truly passive income strategy, the only, is ownership. You have to own something. Whether that be a business that is making you money, whether that be investments in the stock market, whether that be a bond that is paying you interest for ha…”
Sanchez: Passive income represents under 1% of US earned income
“According to the Federal Reserve survey, only 11% of Americans earn any passive income at all. And of those, 75% comes from real estate requiring some management. So truly passive monthly income represents less than one percent of all income earned in the U.S.”
Sanchez: Passive income sold online is an unrealistic myth
“I think passive income is something sold to you on people online that want to tell you how to do, I don't know drop shipping or something like that. I've never met passive income.”
Hays: Passive income is a myth because management is always required
“Passive income isn't real. If you're getting income, there's some level of management that comes with it. And even if you hire somebody to manage said income, like a CEO or an asset manager, things like that, you still have to manage that person.”
Sanchez: Passive income does not actually exist
“This elusive term passive income that I'm pretty convinced does not actually exist.”
Joe Rare: Earning $500k in passive income is extremely difficult for almost anyone
“Well, I think it's really difficult to create half a million dollars in passive income. I mean, it's unbelievably difficult. And that's why almost nobody can do it.”
Joe Rare: Read 20 to 50 books before attempting passive income investing
“Until you go read 20 to 50 books on investing in various different, you know, markets and industries and so forth don't try to go get passive income. I don't think you're going to. I think you're going to go make stupid investments.”
Joe Rare: Earned income covers living expenses while passive income must be stacked
“Your earned income is what you live on. Your passive income is what you stack.”
Joe Rare: Passive income is impossible without massive front-end effort
“There is no such thing as passive income without front end, massive, massive effort.”
Eddy Lu: Operating a bakery is definitely not a passive income source
“Let me just say that there are very few passive income opportunities, and bakeries are definitely not one of them.”