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Be You with BU

The Passive Income Myth

Be You with BU

Adolfo Rodriguez

Entrepreneurship, Business, Self-improvement

5.0574 Ratings

🗓️ 30 April 2020

⏱️ 12 minutes

🧾️ Download transcript

Summary

In today's episode, I'll talk about why passive income is a myth. As attractive as it sounds, the idea behind it tells us we can get everything we want by doing nothing. So today I'll share the importance of taking an active vs passive approach to your goals as well as how to establish momentum and leverage along the way! Make sure to hit me up with a review of your thoughts on this topic!

Transcript

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0:00.0

So something that's been on my mind is this whole term of like passive income.

0:05.0

You know, it's kind of like financial freedom, right?

0:08.0

Like people use financial freedom or they use time freedom.

0:13.0

And how they define it is fitting a narrative that just doesn't exist.

0:18.0

And I think it's important to clear these things up. So I kind of have a rant

0:23.0

in terms of like passive income. I can talk about financial freedom, time, freedom, another time.

0:28.4

But I think that really when you think about passive, it's a complete myth. It's a farce.

0:34.0

And so many people, I think, that they're out there looking to get rich for doing nothing, right?

0:40.5

They want to make a lot of money with the least amount of effort.

0:44.4

You know, how do I do the least and get the most?

0:46.1

And it's something that is going to be detrimental or diminishing to not only their perspective,

0:52.7

but I think other people out in the world that,

0:55.8

you know, you have some of these people on social media promoting it to create sales for

0:59.7

programs and things like that.

1:01.3

And, you know, the reality of it is, though, I want you all to understand the perspective,

1:05.2

right?

1:05.5

And the perspective should shift.

1:08.8

And the reason I'm saying that is because, listen, I want you to think

1:12.4

of someone that's been massively successful, right? Whether it's a business or I want you to think

1:19.0

of a relationship or I want you to think of someone from a fitness perspective that they have a

1:24.9

massive amount of success or how you would define success. My question to you is, do you think that they have a massive amount of success or how you would define success.

1:28.7

My question to you is, do you think that they achieve that by being active or inactive?

...

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