4.6 • 2.8K Ratings
🗓️ 18 October 2019
⏱️ 40 minutes
🧾️ Download transcript
Is passive income too good to be true?
In today's episode, we expose false claims of "making money for nothin'" and set the record straight on how you can actually make money doing real estate, content creation, and, quite literally, while you sleep!
For more information, visit: https://www.moneyguy.com/2019/10/passive-income-exposed/
Click on a timestamp to play from that location
0:00.0 | Money for nothing and checks for free. That's the promise of passive income. |
0:07.0 | It's Brian Preston, the money guy, restoring order to your financial chaos, retirement, investing, taxes. |
0:16.0 | You've got financial questions, he's got financial answers. It's Brian Preston, the money guy. |
0:23.0 | I'm sorry, Brian. Let me tell me those lyrics one more time. |
0:27.0 | Okay. In all seriousness, if you guys know, Dyer Straits has an awesome song called Money for Nothing. |
0:33.0 | And MTV loved it because it's got, I want my MTV. |
0:38.0 | I mean, that's almost going to lay it right on top of it. It was so popular. |
0:42.0 | But it had a line that until last week I've realized I was getting wrong because it's money for nothing. |
0:48.0 | By the way, this song didn't just come out. You had this wrong for 30 something years. |
0:51.0 | I chose that I listened to music more than lyrics. Money for nothing gets your checks for free is what I thought it was. |
0:59.0 | Yeah. And the actual lyric is that ain't work and that's the way you do it. |
1:04.0 | Get your money for nothing. And in the money guy, Brian Preston, remix is always meant to do what I do for free. |
1:10.0 | Get your checks for free. |
1:12.0 | Because that's what people, it's actually get your checks for free. |
1:15.0 | I didn't realize that's what that was. But that seems less, less pertinent to financial podcast. |
1:20.0 | So we're definitely not aged well in light of everything. |
1:23.0 | But it is what definitely checks for free is much more PG or even G rated than I guess the original. |
1:29.0 | But it is one of those things where everywhere on the internet, if you go on YouTube, if you get a blog post, |
1:36.0 | everybody's telling you passive income. That's what you want. Melbox money. |
1:41.0 | Just sit back, let your money work for you. Let it roll in. What could go wrong? |
1:46.0 | I mean, this, this is what's pitched. That's exactly right. |
1:49.0 | So we even have a screen to give you, I just, we gave the task. We said, Daniel, all you do, |
... |
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