15 Myths About Passive Income

Most people are chasing the idea of passive income like it’s the Holy Grail of financial freedom. Let’s be clear: no income is truly passive.

The #1 App Rich People Use To Optimize Their Lives!

________
00:00 - Intro
00:51 - It won't take as
much effort as a normal job
01:54 - Your passive income
is your ticket to getting
rich quickly
02:49 - It’s all about luck
04:14 - You’re not taking
that much risk
05:03 - You need a lot
of money to start
06:40 - You won't have
any responsibilities
once it’s set up
07:25 - All passive income
streams are the same
08:13 - You can only earn passive income through investments
09:20 - You don’t need any
special skills or knowledge
10:24 - Passive income
will replace your full-time
job immediately
11:25 - You need
good technical skills
12:37 - This strategy
is only for entrepreneurs
13:23 - All Passive
Income Sources Are
Legal and Ethical
14:17 - Once you start,
your mind can rest
15:06 - You Don’t Need a Business Plan for Passive Income


Tools:

-

-
Social Media:
---

--
--
For businesses inquiries we're available at:

[alux]

Hello Aluxers! Do you believe in any of these myths about passive income?
The #1 App Rich People Use To Optimize Their Lives!

[ENGELBERT-bs]

I Hit $12, 590 k today. Thank you for all the knowledge and nuggets you had thrown my way over the last week .i started with 3k in last week now i just hit $12, 590

[Isabellawes]

I recommend everyone to find the book titled The Secret Doctrine of Wealth, it changed my life.

[TristanJ-yw]

It’s crazy how many things we’re taught about money that just aren’t true. Why isn’t anyone talking about the book The Architect of Riches by Alexander Pierce? It really opens your eyes to a whole new way of thinking about wealth. A lot of successful people swear by it!

[filip]

The concept in The Elite Society's Money Manifestation ebook completely blew me away. It feels like finding a secret path to wealth

[AwakenWealth]

I loved the gardening analogy, it perfectly illustrates the effort behind passive income

[LanceyRoche]

You could invest in stocks, start a side business, or focus on advancing your career. It's important to set goals and make a plan. Remember, wealth can mean different things to different people, One thing i can say that helped me in life to reach my first million was starting early, i got curious and informed i became open to passive income, investments in equities, etfs and the likes. Also sought help to handle my portfolio which was my foundation. i'm ever grateful to Susan Kay Mack my FA.

[KaoruSugimura]

"You need a lot of money to start"

Yeah, you may not need much to start if you are not trying to live off of it but if you are then you'll need at least $250, 000 invested to even live a moderately comfortable life. Most people will never have that level of wealth on hand because they don't get paid enough to catch up on their debts and instead live paycheck to paycheck.

[De_Carli]

I'm Brazilian, learning English. The subtitles help me a lot! Where are they?

[timileyinkazeem_realtor]

Thank you so much for this video. It has given me much more clarity about what passive income is about. And I'd like to add when it comes to investing, acquire knowledge on what you want to invest in, do your due diligence and engage with a professional whether its real estate, mutual funds or crypto... These tips will help you Greatly.

[hugh]

⭐⭐⭐⭐⭐ I'm a retired Post Newsweek TV Group consumer reporter that AGREES with EVERYTHING said here and I also been an entrepreneur since 1973.

[MoneyTary]

"Hawk Tuah" girl, "Catch Me Ousside" Girl, "Island Boys" twins are proof that you can make it lol

[AzAz-ozey]

Cash Flow Generator is what I call it . If cant scale it dont do it and you cant hire anyone else to do it mange it don't it . Always hire people who already built their business and use their model you just ride along .

[creativecontrive]

This video really opened my eyes! I always thought passive income was just about sitting back and relaxing. Thanks for breaking down the myths! 🙌

[auro]

narrator says everything else is myth or passive except watching 15 videos in alux channel daily which is only way alux channel can get income if not you

[colorfulshow]

"Finally, a passive income video that’s realistic and to the point! Let’s connect if anyone’s starting this journey too."

[colorfulshow]

"Investing in knowledge like this is the first step to financial independence. Can’t wait to implement these strategies!"

[jabber]

"As a business owner you can write the costs of the app as tax expense"

Funny you mention that in the end of the video. I bought the black Friday offer and all I got was an email receipt and not a proper invoice. When asking for a proper (PDF) invoice that states your information as company and mine as buyer the answer I became was "you got the email about the payment (the text receipt without any info) and a PayPal payslip (that also doesn't work with my tax office in my country)"... So I'm wondering what the actual problem is in doing so...

[colorfulshow]

"I love how you break down the myths around passive income. It's not overnight success, but it’s worth it!

[colorfulshow]

"This video is a game-changer! 💡 Who else is ready to start building their financial freedom today? Let's share ideas!"