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Straight Talk About Passive Income - YouTube
Channel: GaryVee Video Experience
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hello Gary how are you I'm good thanks
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you great I have a question about
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passive income and okay you know what
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kind of trends do you see for a person
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interesting in that I don't want to be
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stuck in office nine-to-five for the
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rest of my well passive income comes in
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two forms 97% of the form is the
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douchiest shittiest thing on earth and
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3% is the tried-and-true thing that has
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actually created passive income in the
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history of mankind so let's find out
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which side you're on how are you
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thinking about when you say passive
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income do you mean some what do you mean
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I mean not having to work all day long
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I want to being on a beach in Mexico
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instead of being on an office in Sweden
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and a cold November are you being
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serious right now
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yes yes I'm suppose
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the quickest way to not be on a beach in
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Mexico is to think the passive income
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exists it's a it's a bad mindset I
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really believe that I think the reason
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so many scum buckets are making so much
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money is because you're buying stupid
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[聽__聽] courses over and over thinking
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there's some [聽__聽] magic formula for
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passive income passive income looks like
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this you take money that you can afford
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to go to zero and you put them in the
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two places that have historically
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created passive income public markets
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that you don't care if it goes up and
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down and you just wait to the end or
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real estate and you hope that your real
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estate area doesn't get crushed
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everything else almost doesn't exist I'm
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thinking more of real estate because
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I've been involved in it in Sweden love
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it and for all the Danish people it's
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pretty like the government is very
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restricting on creating a real estate
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business it's a lot of taxes it's really
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hard if you don't have the money in the
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beginning shouldn't you work your face
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off to get money not buy dumb [聽__聽] like
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a watch and then put it into the real
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estate yes I should okay look look you
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know and I think you know and I'm happy
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I could see your energy I'm so
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passionate about this issue there are
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people that are ripping people off at
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the level of hundreds of millions of
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dollars because they're selling this
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dream because they made a video with
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pretty girls in a beach in the
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background and are making people spend a
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thousand two thousand it's it's breaking
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my heart
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passive income doesn't exist and
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anything that starts with I don't want
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to work is already a problem what you
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need to do is I understand I don't want
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to work in an office or something I'm
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not passionate about what I the best way
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to make money is to make less money than
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you're making now enough to still live
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because you got to live around something
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that does interest you because you wake
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up eight years later and that something
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good is actually happening so it's not
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the everybody wants to make it the
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extreme of I'm sitting in my job I hate
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it this sucks
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all the way to beach
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in Mexico but there's a real in between
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which is why I wrote crush it which is
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at night when you're done with your [聽__聽]
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job that is paying for the life that you
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have to live right now eh you don't take
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some of that money and buy dumb [聽__聽]
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like 17 beers watching the World Cup
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what you do instead is you work on
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something on the internet that cost you
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nothing to start save all those dollars
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build something for yourself over seven
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years and then transition from the [聽__聽]
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job to your own business that's passive
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okay thank you
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[Music]
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you
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