Passive Income is a Huge Scam

[MangoTimes]

"Give me a lever long enough and a fulcrum on which to place it, and I shall move the world." What you are describing is that ideas provide leverage and high quality ideas increase the length of the lever. However, it's important to remember that ideas alone aren't enough; they're just the starting point. Without a fulcrum, which in this context represents hard work and dedicated effort, those ideas remain dormant. Building a framework to test the foundational strength of these ideas provides a solid base for your fulcrum. This framework serves as the support system that will strengthen your ability to leverage those ideas and, ultimately, move the world.

[CarxV_one]

I really appreciate your guidance, not too many people have clear what abundance (and not only the material one) is all about

[cynthiahawkins]

I get so annoyed when in the middle of something I DO want to watch, an ad breaks in showing some woman, young enough to be my daughter...who I DON'T want to watch. Always sipping a cocktail, lounging by a pool (is THAT an algorithm or what? LOL) She then announces that she made 'fourteen thousand dollars in two days'...First of all, I wish her well but I don't care. And secondly, it's a boldfaced lie.

[jameshbond]

A lot of people here seem to be pushing back on your definition of passive income, but frankly I agree with you. No output happens in this world without input, and I think your definition of leverage is better than "passive income" as it's commonly understood today.

If I had one point of feedback here (and maybe for your next video to answer) is that you mainly explained here how to generate good ideas that would provide paths for effort. What I'd like to hear from you is how do you determine which idea to focus on or direction to take after you've had all these ideas.

Time to go build some leverage, thanks for the insight!

[virginiacreager]

I have SO many ideas about SO many things constantly it’s quite overwhelming and stressful because it seems like being home with my toddler I have very limited time/resources to implement them. Finding even 10 minutes to write in the evening helps but it feels like I have to choose writing over tidying the kitchen/house for the next day. Aka I have a dilema of keeping up with domestic duties and creative output. It seems this is the modern dilemma. I feel like if we were able to co-habitate and share tasks we could free ourselves up for more of the creative expression and less of life maintenance.

[TomScryleus]

The reason you cant calculate your hourly rate is because you
Are in fact getting passive income. You cant calculate your rate because your videos will generate income for many years. Which is great. But again, thats why passive income is a real thing.

[dorottyaferencz]

Besides following constructive habits, I believe that meeting inspiring people also helps to spring great ideas.

[marosgregor]

Hi, I understand what are you trying to say, but just can't agree with your premise what passive income is. It definitely requires work, usually a lot in the beginning, but after the initial period it generates money with little or no effort on your part, thus at some point becomes passive income. As an example let's say I spend a year writing, publishing and marketing a book with a nice profit aka standard value exchange for the work I've done, then I move to another project and just completely forget about it. And from this point it becomes a passive income stream. Depending on the quality of work I've done, the book will sell years or decades without me doing anything except collecting royalties...

[angelamarie]

Agreed!!! A lot of us are in our mind, but our mental energy is wasted by anxieties. No room for creativity so to speak.

[TheDerangedBlood]

Oh my gosh! Maslow's Hierarchy of Needs is exactly how I organise my life also. I got a bit excited when you mentioned it. High fives for good vibes.

[TomScryleus]

not seen the video yet (im sure its awesome) but the title is not true. I have several passive income streams.
yes they do require a bit of pre-work, but they absolutely are passive. I have some digital products that have generated passive income for 5 years without me doing anything.

[Bonerbreath]

I have a couple rental properties that generate $4k each month. I only put in about 4 hours a month. So am I on the right track and should continue or is there a better way.

[mikeng]

Perhaps inheriting is the only passive income?

[MartinMcClellanGT]

We do things very similar when it comes to the "metal diet" and your words are perfect put !

[sierramountainspirit]

All great ideas for generating great ideas. One challenge I see in my life as a gen x lonely gay man is the minority stress and anxiety caused by the extra work for making a happy life. A younger attractive white man like yourself who I presume has to make very little effort to make friends or dates or finding a sense of belonging and community has a good starting platform for having a good physical and mental diet. Have you seen anyone with minority stress (brown, black, queer, differently abled) or neurodivergence have success in generating leveraging ideas? I’m not dismissing your accomplishments and freedoms, just wondering if using your powers of empathy and compassion, what could a minority stressed misfit do for generating the mental conditions of being able to leverage…

[brushfire]

Loved the message, and thanks for sharing your thoughts. Very insightful.

[EmilGabrielNYC]

I would say that passive income requires not only time and effort but even money. For examples buying any sort of financial investments it requires MONEY to generate the interest or dividends, etc. so TECHNICALLY speaking the more money invested possibly the more passive income yelled (notice I don’t use earned) as technically speaking the person did NOT work for that income.

[Jecerey]

Looking forward to knowing what type of meditation you do.

[TomScryleus]

I saw the whole video now. I liked it and the overall message of leverage. But I think your definition of passive income is incorrect Stephen.
Passive income is money earned with minimal effort or active involvement, typically generated from investments, rental properties, or royalties. The idea that its zero effort, that is and never has been correct.
The term passive applied to a comparison to active income where you trade time for money. In passive income you trade effort for money. That is the distinctive difference.
I think the word passive throws people off, because people assume it means zero work, thinking of lazy people who are passive. But it actually means minimal effort, not zero.

[dzp]

Did you like Edinburgh? One of my favorite destionations in Europe.