Joe Rare, CEO of Level Nine Virtual, discusses the prerequisites and education needed before attempting to build passive income streams.
Opinion
Joe Rare: Younger generations lack discipline and skills for high incomes
“These younger generation kids, they're not willing to pick it up and go somewhere cheaper. They're not willing to admit that they don't have the skill set. They don't have the discipline to go make the kind of money that they think they need to make.”
Prediction Open · timeframe Feb 2029
Joe Rare: US transition to CBDC will wipe out dollar wealth
“If they flip the US dollar into a, you know, a CBDC, right? That you're not going to get dollar for dollar exchange. They're not going to do it there. You're going to go, okay, well you have a million dollars and okay, great. We'll give you 500,000 dollars in …”
Insight
Rare: Billionaires never sell cash-flow assets, holding them indefinitely
“Genuinely wealthy people, like we're talking billionaires, they don't sell their assets. They hold them forever, forever. And so when you look at Bitcoin, you look at any other crypto, you look at real estate holdings, you look at holding companies with other,…”
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Joe Rare: Scaling startups to seven figures in weeks by making mistakes
“The reason that we're able to build multiple companies so fast and get them from zero to, you know, significant income to, you know, seven figures, you know, in, in weeks or months is just the fact that we will go make more mistakes faster than almost anybody …”
Insight
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.”
Insight
Joe Rare: Separate US households drastically inflate living costs versus multi-generational homes
“And for some reason in the United States, we have really gotten away from that and we are completely separate households, which make things way more expensive.”