The Passive Income Scam…
There are two sides to the passive income shtick:
Side one: “How dare you work for anything. Take your money and put it to work you idiot! Passive income is the only money that saves the environment, ends tyranny, and helps orphans.”
Side two: “There is no such thing as passive income. You work harder than everyone else so you can have what everyone else wants. You are losing money listening to me right now...”
The truth is much, much more interesting…
You see, passive income is just an umbrella term
It’s a way to describe generating income
The difference is that “passive” income is generated by value, not effort.
And effort has to equate to time
Using effort to do anything immediately requires an attachment to a timeline
Value, on the other hand….
Value is instantaneous, scalable, and repeatable
You can systematize value
You can develop a process to deliver value over and over again, and then remove yourself almost entirely from the process
And yes, i said “almost”....
It will always take something - the idea is to detach your time from the execution and delivery of the creation of value.
Like with my properties - my tenants have a roof over their head every day, without me being there to hold it up.
Yes, it takes work
Yes, it can be miserable at times
But, there is no correlation between my time and the rent check I cash every month
Check out my video about passive income and let’s discuss what it means to you.