The Passive Income Myth: Sorting Real Opportunities from Active Hustles

Wealthy Way

Ryan Pineda

Business, Entrepreneurship

4.8 • 2.1K Ratings

🗓️ 13 October 2024

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

Not all passive income streams are created equal. Discover which business models truly offer hands-off profits and which require more effort than advertised.---Secure your spot at the #1 conference for real estate, entrepreneurship, and social media here - https://www.wealthcon.org/Feeling lost as an entrepreneur or real estate investor? Get access to our community, coaching, courses, and events at Wealthy University https://wealthyuniversity.com/If you want to level up, text me at 725-444-52...

Transcript

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0:00.0	You know all the Airbnb guys right they're all like trying to figure out what's next yeah
0:06.1	Because it just doesn't work the way it used to yeah all the Airbnb guys make more money from education than they do on Airbnb that's the truth.
0:14.4	But then everyone's gonna say well all the flipping guys make more money on education
0:17.1	than that's not true.
0:18.5	I've made just as much money flipping and wholesaling as I have an education. I know your company makes a couple
0:25.5	hundred. I've made a lot of money. I've made I've still to this point in my career made more
0:30.0	real estate investing. Yeah so yeah but with the Airbnb guys not to throw shade on any of
0:37.0	them because obviously they're great but I don't know we'll see in the long run where that ends up yeah well it's funny because like
0:45.0	this is actually a good case study so our friend at wealthy investor Ivan Tejeda
0:50.1	is now doing you know flipping the wholesaling.
0:53.8	Well, yeah, part of this new method.
0:55.6	Yeah.
0:57.2	And he's having, he already got like four deals in his first month.
0:59.6	Oh, okay.
1:00.6	Yeah, yeah, yeah.
1:01.0	So anyways, okay, basically my point with this is that the way we look at cash flow is based on like, you know, what our parents told us, what rich dad, poor dad told us 20 years ago.
1:12.6	It's like that was the way.
1:14.2	Yeah.
1:15.2	20 years ago for sure.
1:16.8	It's not the way today.
1:18.6	And you know what does a normal person do to get cash flow?
1:22.4	And if we define the word cash low as hey I want to
	...

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