The Truth About Passive Income

Q: Isn't working long hours an old school mindset? Why not focus on building wealth via passive income?

Watch the full #AskGaryVee Show Episode 86 here:

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Entrepreneurship Answered is a collection of answers from the #AskGaryVee Show which is one entrepreneur's take on leadership, social media, self-awareness, winning, marketing, venture capital, arbitrage, digital media, influencers, company culture, start-ups, attention, content, management, empathy, legacy, parenting, family business, crushing, storytelling, thanking, jabbing, right hooking, hustling, and the New York Jets.

Gary Vaynerchuk is a serial entrepreneur. Fresh out of college he took his family wine business Wine Library and grew it from a $3M to a $60M business in just five years. Now he runs VaynerMedia, one of the world's hottest digital agencies. Along the way he became a prolific angel investor and venture capitalist, investing in companies like Facebook, Twitter, Tumblr, Uber, and Birchbox before eventually co-founding his own VC.

Find Gary here:

Snapchat: garyvee
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[livestrongforever]

60k a year in passive income, sign me up for that please

[astonmubarak]

Fuck! I love your beard man ! U know im the guy in singapore that asked you to say hi to my dad ! Remember that ? U grabbed my phone and said hi to my dad ! Real huge impact for my life man. Thanks a lot

Huge love from indonesia

[ginar]

Sweet Gary!!! Repost this now in 2018... people need to hear this

[Obility-]

Gary looks tired... but still dropping gems.

[marshmello_dematt]

Aaaaa*-ha...! I like these vids where GV goes off on how the easy street don't exist. Heheh...it's funny how he gets loopy bout it.😂 I laugh every time...*

[outdoorliving]

Something for nothing is the American dream. It's a pipe dream. Show me an overnight success and I will show you somebody that worked their butt off for years to get there. Work smart and hard and good things will happen. Love people, not things. Life is not about how much you get, but how much you give. You have to give it away to get it. Be about other people and good things will happen in your life.

[ftfw]

that guy on the background shows us what hustle realy is

[livingthelife]

😂 love it! So true! People want the dream but don’t want to put in the work!

[alexanderlyon]

Makes sense to me. I always laugh at those guys doing phony tours of their millionaire lifestyle selling some so-called secrets.

[yellow]

Those who want to do nothing and just get money from passive income will find themselves in a grand depression which will be their lives of no meaning. Theres only so much you can buy. But if youre active and doing something right and you get passive income on top or from that thats cool.

[ab.normal.]

So on point and I am just seeing this one year after.

[patriciasullivan]

:45 was that a little Russian accent comin’ through? Specially on the word “Internet”... it’s amazing the things you hear when you’ve listened to the guy so much. 😊. I could be wrong though.

[SkyDigitalAgency]

😘😃 this is what we are trying to tell people who pay thousands to learn about ecommerce and passive incomes

[faithfulwarrior]

Gary is so fcccckn attractive. I'm only 25 but guys my age are dumb. I like wise ppl. Gary is only 40 lol only 15 years perfect for my level of This rant video is so satisfying to me for my obsession of him.

[yellow]

2:10 Fuck yeah . I dare you .show it . Go rent that boat and models and pretend youre living it -be as sleasy as can be for 1 day.

[joacim]

Damn, I just stumbled upon this old video. I have never seen gary with a beard before

[amenostalgique]

well, im that person, mind an interview ?

[enzogurijala]

ITs so great watching Gary talk shit about passive income because its a stupid concept

[FrankMadison]

Actually I can take anyone from basic intelligence and guided them step by step into passive income. For 2 years doing wordpress retainers, it's an industry since over 30% of the Internet uses Wordpress like an OS to run their sites. Plugin Updates, Wordpress Updates, Theme Updates and Backups are mandatory now. Most people don't have the IT to handle it. Also Retainers for FB Lead Gen / Sales is big as well. Sorry, but a blank statement to someone who does it sounds unfair. I do agree there are BS course sellers, who don't teach anything about client onboarding and retention. The reason being is they don't run an agency themselves.