The Three Laws Of Passive Income (That Nobody Talks About)

Action Academy | Replace The Job You Hate With A Life You Love

Brian Luebben

Corporate, Careers, Business, Financial Freedom, Small Business, Entrepreneurship, Biggerpockets, Investing, Millionaire, Real Estate, Passive Income, Alex Hormozi, Commercial Real Estate

5 • 683 Ratings

🗓️ 9 October 2024

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today we cover the three aspects that actually yield "passive income" that nobody talks about..... Want To Quit Your Job In The Next 6-18 Months Through Buying Commercial Real Estate & Small Businesses? 👔🏝️ Schedule A Free 15 Minute Coaching Call With Our Team Here To Get "Unstuck" Want to know which investment strategy is best for you? Take our Free Asset-Selection Quiz Check Out Our Bestselling Book : From Passive To Passionate: How To Quit Your Job - Grow Your Wealth - And Turn Your...

Transcript

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0:00.0	What's up, ladies and gentlemen, welcome back to the Action Academy podcast, corporate America's
0:04.2	least favorite podcast. Everybody listening to this show today knows the terms passive income, right?
0:09.8	And that's the reason that you're listening to this podcast, specifically to build $10,000
0:14.4	plus of monthly passive income, passive cash flow so that you can quit your job and build a life
0:20.5	you love, right? You want to learn how to buy commercial real estate, buy small businesses so that you can quit your job and build a life you love, right?
0:21.6	You want to learn how to buy commercial real estate, buy small businesses so you can pull this
0:25.0	off in a relatively short time. That is why you listen to the show. So we all know that buying
0:29.6	businesses and buying real estate yield this passive income thing that we talk about, which is
0:33.8	making money where your time is not directly attached to it. However, what is never
0:39.1	discussed are the components that actually yield the passive income. No, I'm not talking about
0:45.0	the buying of the real estate. I'm not talking about the buying of the businesses. I'm saying
0:48.3	what are the three irrefutable laws, the ingredients that actually create the passive income that we're talking about.
0:56.1	Because I know a lot of people that buy businesses in real estate, and it is anything but
1:01.0	passive. So in today's podcast episode, we are covering the three irrefutable laws of passive income,
1:07.1	the three components that make it up, which are profit, process, and people, which for some
1:13.7	reason, nobody talks about this stuff, but it is so, so important at every stage of your
1:18.8	wealth building journey. And at the end of the episode, I'll talk about how they all tie in together
1:22.9	so that you can have your best shot of truly living a passive income fueled life as opposed to buying a
1:30.6	bunch of real estate and a bunch of businesses and building yourself another job. Okay,
1:35.2	that's going to be the equivalent of replacing a 40 hour a week work week with a 100 hour a
1:40.7	week hellhole. Don't want that. And I've seen it happen again and again and again.
1:45.7	For people brand new to the show, what is up? Why should you listen to me? My name is Brian Lubin in
	...

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