Is Passive Income The Answer?

Passive income is about who owns the resources.

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Performed by Gary Stevenson
@garyseconomics

[ruffey]

Videos mentioned (Maybe Gary can put these in the description, or use the 'i' function so they auto-pop up:

[Dariol]

If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.

[BerryRyan-glsm]

Currently I'm just being smart and frugal with my money, I'm in the green 47% over the last 23 months and l've accumulated over $70K in pure profits from DCA’ing into stocks, ETFs, dividends and futures. However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait.

[Markscott]

Everyone’s been preaching investing lately as a source of passive income but with a 70 hour weekly jobs and limited knowledge of financial instruments, how can I actually stay on top of things, I see every YouTube video saying BUY BUY! But when and how do I sell for profit at the right time?

[sarawilliam]

Sold my APPL before it tanked, will buy at next major drop. I’d definitely need to make use of the $250k liquidity elsewhere. So what should I be looking at? Large cap or small cap stocks? Maybe crypto?

[charliehunnam]

Thanks for the video. I finally established a way to increase my net income per month. My 2024 goal is to pay off the house by Sept 2024 (8 years total into a 30 year @ 4%). I have no debt other than mortgage. My 401k, HSA, IRA and emergency funds get maxed out. The mortgage is my last piece of debt left. I don't have any school loan or CC debt. I've made a lot of sacrifices over the years.

[Ruby]

Only if a good amount of folks do what you guys teach, just imagine how many millionaires we already have or will have in the future. Not the sad statistics where at least 50% of people are living paycheck to paycheck, even for high income earners. Great contents as always!

[AstaKristjan]

Thanks for the insights. I'm 23 and just started investing. l'd like to learn about compounding interest in investing. I've heard it's an essential concept to understand for long-term financial success.

[AnotherEarthling]

Most people will never grasp how precious channels like this are in terms of financial education, and it is all completely FREE. They can literally change lives. Thanks for sharing your knowledge

[JanineJ.Cromwell]

i’ve been in NVDA for four years, anytime it drops 15% my coach advised I buy more. Buy when others panic to sell. I’m cashing up some blue chip stock at a cheaper price.

[jsk]

I’m here because I saw you on lads bible, and it’s good to hear from someone relatable. About to buy your book and binge through your videos.

[leondonald]

I'm a 52yrs Director in a Tech company and I consider myself a high income earner at $350, 000 per annum, I have a retirement account account but i still want to explore opportunities for short term gains before i start working less in few years.

[Jules-uyjc]

Bought your book it was excellent! Now my 15 year old son is reading it. Shared your channel with all the family. Thank you

[gdqmqsn]

Yes i worked this out some years ago.
The big difference now to the old feudal system, is that this system is more widespread, more stratified. When hundreds of thousands of people are motivated to make passive incomes, the competition for unearned wealth is greater too. Who provides this passive wealth?
In this stratified system, wealth gets extracted from the level just below itself.
Poverty stress has now been created, innequality is at its greatest, and those at the top of the stratosphere rake in from the levels beneath them because they started with the most wealth in money to invest and assets to borrow on.
This stratified economic system in the Uk, is compressing the life out of individuals and communities, affecting health and life quality negatively.I am hoping that we can find a better way going forward.❤

[muvvgbf]

Thanks Gary. Hope you give a talk in the US sometime. I think people should consider how wealth compounds over time as well. So far I buy Dividend Growth stocks and Real Estate Investment Trust with some of every pay check. I'm essentially creating my own pension for when I retire to live off the passive income.

[TheGreatTomDix]

I am working to do exactly what you are listening for your goals sir!

Here to study. Love the vision you’re talking about and this content in general!

[lynnhickinbotham]

One of your best videos.
Gary
Book was brilliant passing around trying and educate all my family and friends
Keep exposing the truth
Thank you so much .

[karimrezaie]

Gary, you should work with an animator to turn these lessons into easy to digest infographics.
This message needs to reach people who wouldn't typically find themselves watching an economics YouTube channel.

[conorpatrickmccarthy]

You should include some graphs which illustrate how much of the wealth/capital is owned by different percentiles of society.

[marcelofurtado]

Hey Gary, haven't watched the video yet, but finished your book. Just wanted to say thanks, it was an awesome and somewhat addictive read. Gave me lots to think about regarding my life choices. Inequality here in Brazil is insane and interest rates have been kept (really) high for ages, I'd love to get your perspective on our future and what we can do to change it.

Cheers, mate!