All the TikTokers are raging that this video exists. They want to tell you how to make passive income by signing up for their courses 😆

@Thorny_Misanthrope

28 күн бұрын

That’s their passive income. You paying your money for their courses.

@steverogers7601

28 күн бұрын

I have never signed up for one of these online courses from influencers, and I’m confident I’m not missing out.

@user-px7ss3nd9g

28 күн бұрын

Does ANYONE know a single person who has purchased classes like this and benefitted? Ever?

@soapa4279

28 күн бұрын

@@steverogers7601 100% correct

@soapa4279

28 күн бұрын

@@user-px7ss3nd9g 0% success rate

Usually when I hear the term “passive income,” it’s from someone trying to sell their course on passive income. More cringe is that the course is about how to sell a course on passive income.

@KafshakTashtak

28 күн бұрын

So an MLM on courses about passive income.

@brianb4877

28 күн бұрын

Well, not really. MLMs are hard because you have to sucker friends and family in to buy/sell FOR YOU. These days, social media algorithms do the pushing for you for the engagement.

@maxonmendel5757

28 күн бұрын

​@@KafshakTashtakexactly

@iirekm

28 күн бұрын

Even if someone is born in filthy-rich family, he still has to convince his parents to not give the wealth to someone else, so even in this case it's not passive income 🤣 There's no 100% passive income, but there are partially passive incomes, e.g. scalable businesses (like internet-based business which can scale to whole Earth), or a great book/song/YT channel (if succeeds, it's much less work per $ than in other businesses - sadly, very few succeed in those areas).

@s4lino

28 күн бұрын

love the animations in this video, ah, the loop the loop way of how to get rich....the funky ponzi of modern day....I guess most big wins are more or less already decided at birth... its just hard to accept (as after finding and reading more and more about these folks...either there is a not so known start up fund or their DNA of parents/grandparents in association with connections is like one of a kind and of course there is luck and if they are an industry or industry sub category creator which of course is a bunch of factors - aka the era of the economy ) unless a lucky lottery winner although without much foundation they burn out on the cash in a few years so not exactly castle goodyearS

On a serious note, this single video is more informative and accurate than 95% of the financial tiktoks/reels/shorts made by other creators. Thanks Two Cents team for creating great content!

@bob1234881

28 күн бұрын

Haha. True, but it I don't see it as great. Retired at 33. 😂

@djhero0071

28 күн бұрын

@bob1234881 Retired from doing what exactly?

@jmbkpo

27 күн бұрын

Instagram and TikTok never were useful, why people talk like that?

@Dud-in9iu

27 күн бұрын

​@@bob1234881I wouldn't call living in your parents basement retired

@SidV101

26 күн бұрын

​@@djhero0071 I'm gonna guess tech. They make a lot of money right from the get-go, can start young (no college degree required), often dislike their jobs, and the FIRE (early retirement) movement is pretty popular with them. One of my best friends saved like 75% of his big ass tech salary before leaving

I read a story about that one guy who ate nothing but ramen to save up a million dollars and then once he hit that goal got stomach cancer.

@masterof2d926

28 күн бұрын

Jesus that’s sad, do you have a link to the story?

@tjaydub6355

28 күн бұрын

Gahhhdamn

@colinrussell2017

28 күн бұрын

Sounds like an urban myth, but there is a great message there!

@AW-gj4ji

27 күн бұрын

@@colinrussell2017you’re right, in fact there are more people who died from only eating instant ramen but no money saved 😅

@CountingStars333

27 күн бұрын

​@@masterof2d926he made it the f up

Thank you for exposing the influencers selling courses disguised as “financial freedom”

I worked in residential property management for 10 years, and I will never, never own a rental property. I know too much.

@shirayasha

27 күн бұрын

property tax too expensive? maintenance too high?

@hulkhoganwwf

27 күн бұрын

No dude tenants are a nightmare

@Plumber1111

26 күн бұрын

I lost my 20 unit apartment in the eviction moratorium during covid. Tenants just stopped paying rent, they lost in the end. since i was forced to sell to a profit driven corporation before i was too deep underwater in the property. The did free up a lot of time to work on my plumbing company that is thriving now. 4 employees, not including me. Grossed 5.8 million last year.

@Ajv516

25 күн бұрын

@@Plumber1111was just thinking about a guy I met who is doing REALLY well for himself. Owns a company that just moves dirt and does nothing else. I love it when I hear about “regular work” jobs raking it in over anyone with an MBA.

@GG-hi5if

24 күн бұрын

@@hulkhoganwwfyep, tenants are scum. They dont care.

This video indicates you don't need a high IQ to be a good investor, just 2 qualities, self discipline and a lot of patience. Investing is mostly about behavioral psychology. How can I generate more income to retire with at least $3m for long term care?

@Shultz4334

17 күн бұрын

We share common goal, making sure you are ready for your later years is very important. That's why passive investing works, low costs, better diversification and it enables people to overcome their behavioral bias especially if they engage professional help.

@velayuthman

17 күн бұрын

@@Shultz4334 It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $45k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.

@greekbarrios

17 күн бұрын

@@Shultz4334 It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $45k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.

@Curbalnk

17 күн бұрын

It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $45k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving, great wealth managers will always make returns.

@kansasmile

17 күн бұрын

@@Curbalnk I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help.

You need to get passive income the old fashioned way: inheritance.

@bob1234881

28 күн бұрын

That's a one-off lump sum. 😀

@talknight2

27 күн бұрын

@@bob1234881 No, you just invest that into dividends or whatnot.

@chrisdturner

26 күн бұрын

​@@bob1234881interest from having a big chunk of money from said inheritance gives you passive income

@palemoonsovereign4142

26 күн бұрын

​@@bob1234881 not if you have enough elderly relatives!

@boyblue3270

25 күн бұрын

Interest earning bank account mate....

My grandmother, 92, worked as a school teacher, retired at 52, and has been collecting from a pension longer than she was actually teaching! 🤯

@pioneer7777777

28 күн бұрын

That's the way to really profit off of the system.

@matthewcaldwell8100

28 күн бұрын

Well, we’re never going to get to retire.

@redaalami6201

28 күн бұрын

She has peobably start working at age 16 not 26

@mandisaw

28 күн бұрын

​@@redaalami6201Nope, basic math - she probably started at 22, right out of college, 30yrs teaching to age 52, has lived 40yrs in retirement. Most union jobs, you max out the pension formula at 20, 25, or 30yrs. Some now require you to be a certain age to collect, but not then/not always. Many folks put in their 20, then just do a private/consulting version of their old public job for extra cash.

@mandisaw

28 күн бұрын

​@@matthewcaldwell8100Go look into public-sector jobs, or highly-unionized industries. Lower salary in some fields, but more reliable work, and you still get stuff like pensions & free/cheap health insurance. Most places will train you, some even pay for your education (my job paid for a Masters in CS).

“If I knew an easy way to make passive income, do you think I’d be working here?!?!?”

@Praisethesunson

22 күн бұрын

Just buy my sun praise based course and you too could achieve massive unearned wealth.

Takeaways: - Passive income is defined as "money earned from an enterprise with little or no ongoing effort." - It's important to distinguish passive income from an investment's growth in value, which is an unrealized gain. - Even for successful creators, the work required can be extensive, and many express feelings of burnout. - Starting a business that eventually runs itself also requires significant upfront effort and is not truly passive. - Defined Benefit Plans, or pensions, can provide a reliable passive income stream, but they are becoming less common, especially in the private sector. - Rental properties can generate income, but they also come with various overhead expenses and responsibilities. - Dividend-paying stocks and bonds can provide a passive income stream, but the yields are often relatively low.

Everyone is advocating investing for passive income, but with a 70-hour workweek and limited financial knowledge, how can I manage it? KZread videos say "BUY, BUY," but when and how do I sell for profit at the right time?

@Theresaa12

19 күн бұрын

I also think everyone needs a Margin of Safety in their portfolios and just remember, It's time in the market versus timing the market.

@judynewsom1902

19 күн бұрын

Well all i know is that you cannot go wrong taking profit at near high. No one ever went broke taking a 10% loss. It's best if you consult with a fiduciary advisor to get informed buying & selling decisions

@RickWatson-xu6gw

19 күн бұрын

Working with a financial advisor has been a game-changer for me. They provided invaluable insights and tailored strategies that aligned perfectly with my risk tolerance and financial objectives. With their support, I've seen significant growth in my investments and gained confidence in my financial future.

@BenTodd-fl8nv

19 күн бұрын

I've been considering getting one, but haven't been proactive about it. Can you recommend your advisor? I could really use some assistance.

@RickWatson-xu6gw

19 күн бұрын

I'm cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like “Sharon Lynne Hart” I've worked with her for 9 years and highly recommend her. Check if she meets your criteria.

You definitely have my sub. This content is next level. For me Unimantic was the turning point. Please keep doing what you do and keep being you, love it.

Passive income I think is just a marketing term. "Passive Income" always needs some kind of work to make it happen.

@epbrown01

28 күн бұрын

The formula is basically you need a lot of money or a lot of time - ideally both. Warren Buffett makes $1B in dividends from Coca-cola - 30+ years after he bought it. And that cost him $1B at the time.

@BTrain-is8ch

28 күн бұрын

@@epbrown01 Time is the most important component and it's also the most plentiful thing any of us have. Now whether we're using our time productively or not... different question.

@colinrussell2017

28 күн бұрын

​@@BTrain-is8chMaybe when we are young ( 20s) it is the most plentiful thing we have, but in fact it is the opposite in the grand scheme of things: It is a constantly depleting, non renewable resource. That's what makes it so valuable. You can lose money and earn money back, but you'll never get back time. Sorry for any existential dread I may have caused🕑💀

@g.t.richardson6311

28 күн бұрын

@@epbrown01 ok I’ll take the lot of time path, started in my early 40s Stayed the course, these stocks provide A LOT of passive income via dividends XOM, MO, CSCO, SYY, ABBV, PNC, CVX, PPL, NEE, T, VZ, IBM, UPS, HSY, PSTL, NLY, CSL, HESM, RSG, and others, not to mention a large collection of preferred stock purchased well under the $25 call price paying 5-6% yields Large collections of CDs ar 5-5.4% also provide nice “passive income” And treasury bills too .., 2 minutes work make 50x your bank interest Lots options

@chrishart8548

27 күн бұрын

​@@BTrain-is8ch really depends on what being productive means to you. I you like just spending time with your children or partner even if you aren't getting anything done is that productive.

Ive always said this, when i hear "create a ytube channel" as advice for passive income, like creating content its very hard and time consuming isnt 100% passive at all

@itskelvinn

13 күн бұрын

Every passive income requires work up front. But the idea is that you do that first and then it keeps going

@emilsorbian8123

9 күн бұрын

Create a ytube channel may not be passive but still better than full time job, you dont have to deal with other people bullshit, you work your own hours from anywhere you want and you dont have a fucking boss telling you what to do, when to eat, when to go to bathroom, what clothes to wear. All that makes me feel like slave.

@zealousprogrammer4539

7 күн бұрын

This video is a passive income: Uploaded once and wait the view go up charge KZread and do not have to due much .

Gambling, in my mind, is the "passive income" scam that is hurting people the most. Little effort with huge promises of rewards? Sounds like the very definition. I think we aren't talking enough about gambling right a lot of younger people are tip toeing with it in very volatile/manipulated stocks and sports betting.

@TheScrubmuffin69

28 күн бұрын

Sports betting and video game betting like gun skins are bad as well

@pinquinsam4812

28 күн бұрын

@@TheScrubmuffin69 those are forms of gambling

@BTrain-is8ch

28 күн бұрын

Plenty of people are abundantly clear about the fact that stock picking is essentially gambling. People trying to ride a GameStop/AMC wave deserve what they get.

@theMifyoo

27 күн бұрын

I mean gambling is a pretty good "passive income" but only when the game is rigged in your favor. It is bad to be the person buying lottery tickets but great to be the person selling them.

@handleyobusiness

26 күн бұрын

Society is so morally decayed that gambling is legalized, in order to increase tax revenue. 😏

Pension, interest, dividends, annuity etc are passive income. Managing rental property is not passive income.

It would be nice if landlords didn't treat their investment residences as "passive income" without treating ithem like a business that requires maintenace and has costs. Fix the goddamned tap!!!

@heisrisen560

24 күн бұрын

Couldn’t agree more, some landlords have the worst kept properties I’ve ever seen because they simply don’t care as long as it rents out, I work on them from time to time (house Painter/handyman) and the landlords never want to spend the $ to have them properly maintained, sadly the poorest maintained asset is a rental property…

You overlooked the route most people who have passive income took: choose rich parents. The children of the 1% typically have trust funds that provide passive income such that they need never work. Under today’s tax laws, the children of wealthy parents can be given as much as ten million dollars completely tax free between their birth and turning 18, and there are all sorts of specialized legal entities (eg, Walton trusts, intentionally defective trusts, family limited partnerships) that exist so that rich people can avoid paying inheritance taxes, so that their kids don’t have to work.

@LG123ABC

28 күн бұрын

Good for them! Don't be envious -- it's not attractive.

@catherinebaldwin6580

28 күн бұрын

I think the point of the video was how normies have a hard time with passive income, and battling Tiktoker scams. But ya. I get it.

@steverogers7601

28 күн бұрын

@@LG123ABCcope

@michelem226

28 күн бұрын

​@@LG123ABC The paragraph is just a list of facts. Can you point out which sentence is even an opinion? None of the sentences are opinions, therefore, saying they are jealous is a delusion and says more about you than them.

@langhamp8912

28 күн бұрын

What's very interesting is how financial tools have been created by rich people in order to stop the "rags to riches to rags" that was endemic with the 19th and early 20th century robber barons. The Vanderbilts come to mind as the most famous of rags to riches to rags. Things like tax-free inheritance/trust funds, step-up loans from banks against assets, and pass-through corporations/non-profit corporations are all very effective tools to create perpetual tax-free zones for the children of the wealthy. To show just how effective the rich are in not paying taxes, half of the US's billionaires received their full Covid stimulus checks. And even the unavoidable sales tax for people like you and me can be avoided by rich people using a variety of perfectly legal financial tools. Meanwhile, most US citizens pay about half their income into taxes if you include sales taxes, payroll taxes, in addition to income taxes. My effective tax rate, for instance, is 56%. Warren Buffet's effective tax rate, as stated by himself, is about 12%.

This is spot on. I never could figure out why owning a rental is called "Passive" income. Whoever says that must not own a rental property.

@mandisaw

28 күн бұрын

Or owned a business. When you're the boss, there is no "clocking-in/out" 😅

@adiahheart9413

27 күн бұрын

@@mandisaw *owner, when you are the owner. A boss has to "clocking-in/out".

@mandisaw

27 күн бұрын

@@adiahheart9413 True, true - I conflated the two :)

You're only as good as the decisions you make today with the money you have. To me, that is what passive income is about. This time last year I considered getting into stocks without much knowledge and decided to have a consultation with a fiduciary, and it was incredibly insightful. One year and a couple of months in, and I'm almost debt free. I truly cannot stress enough how helpful experts in this field are!

@Ferocious923

14 сағат бұрын

To be honest, I've had a hard time grasping the basics. What insights did you gain, and how are you doing it?

@Christensen554

14 сағат бұрын

It’s not rocket science. As I said previously, I got into ETFs, index funds, REITs, and some cryptocurrencies myself but wasn't getting the results I wanted the first couple of months. Got tired of taking losses and decided to seek mentorship from Jonas Herman, a certified fiduciary who helps oversee my investments in ways that have made me good roi. Now I sit back and reinvest at intervals while I focus on my 9-5.

@Pathston

14 сағат бұрын

Sounds like I need help so bad. To me, investing is not worth it and I know that's the same mindset holding me back from taking a step forward in my finance. I guess I'm just scared since I'm green to it.

@Roymysterio

13 сағат бұрын

People often mistake hubris for actual knowledge when it comes to money and I don't even blame them because there's an influx of false info on the internet today. Unfortunately, it hampers rational decision making. He is one of the bright ones, providing me with a great deal. Indepth investment strategies are just one of the many components.

@Donnierra

13 сағат бұрын

@@Roymysterio I'm 44 and I hope it's not too late for me to start. How can I learn more about his service?

As an active duty Army officer and real estate investor with a dozen residential rentals, I can say that my military pension pays more and is much more passive then my rentals. You pay everything up front with 20 years of service to the pension. After that, it is adjusted to increase at a rate equal to inflation every year and is 100% passive. No matter what, even with an accountant, attorney, and property manager, my rentals will never be totally passive. They are also likely to never exceed my net cash flow from my pension. More work and less money from the rentals, but yet nobody talks about finding a good 9-5 job, working for 20-30 years and retiring. You can't sell a course on that and it is not a get rich quick scheme so people don't want to hear it.

@ladylove34

26 күн бұрын

Bravo! Well said!! 👏🏿

@itzelmedina94

26 күн бұрын

And now with the blended retirement it’s such a good deal. You get a little less in pension but that 5% match and the $22k we can put in every year is a lot! I’m on track to have 3million by 60 PLUS the pension which would start much sooner!

@user-kpkxgtj

25 күн бұрын

It's also not guaranteed anymore - a lot of people search unsuccessfully for years to find that good 9 to 5 permanent job, and private companies increasingly don't want to keep anyone around that long.

@gino14

23 күн бұрын

Unfortunately the Military is considered to be the last employer in America that offers retirement pensions. Stock your IRAs if you're offered em, folks

@Klosnor530

11 күн бұрын

@@gino14 If you joined after December 31, 2017 you no longer receive a pension

Simple counter examples: -Trust Fund -Shareholders -Rentier class (landowner, I.P., lender)

Great video. If a concept sounds too good to be true, it probably is. Be cautious out there, slow & steady tends to win in the end.

@theMifyoo

27 күн бұрын

There is another side to this. There are concepts that sound too good to be true simply because they are morally bankrupt and doing them involves taking advantage of others.

@hipunpun

22 күн бұрын

Also true, thanks!

It's a misnomer. You want to have income that can grow beyond the linear dependence on the time you spend. Dividends and royalties are as passive as you can get. Of course building up the investment for a substantial dividend is a lot of work. As is creating content and marketing it for the royalties. Building a business and profiting from the scale of employees is also a answer to what we are looking for.

I miss the mustache so much 😭

@matteosaottini930

26 күн бұрын

I thought he was another person

@marvira

26 күн бұрын

@@matteosaottini930 ikr lmao. this is so confusing for a long viewer who got a hiatus. I was thinking that they hired another people for their video lol

@Praisethesunson

22 күн бұрын

I think she looks better without it.

Military veteran here. Last time I checked, the government no longer has the 20 yr pension commitment. Newer personnel get the Thrift Savings Plan (government 401k/IRA plan). Older personnel still get the pension (those who signed up before 2018/2019).

@robertguidry2168

28 күн бұрын

Military gets 40% instead of half pay plus TSP match

@mandisaw

28 күн бұрын

Gov't pensions have taken a beating in the fight to destroy unions/labor (which includes vets!). Some places with stronger unions fare better than the Feds, but it's still usually a better deal overall than private-sector, in terms of retirement. The military as a career option is another matter, I'll leave that to folks with experience.

@royaljester9918

28 күн бұрын

@@robertguidry2168 I just read up on it. It doesn't seem all that bad.

@bluefrog12345

27 күн бұрын

As of 2018 anyone joining the military falls under BRS (blended retirement system). The short version it changes your multiplier from 2.5% down to 2%. After a year they add in 1% to your TSP (not the roth TSP) with a match up to 5%. Yes I have skipped over big pieces, but that gives a summary. There is also added incentives such as a 12 year TIS multiplier for additional cash and other things as well. Yes the other person wrote it's 40% vs 50% with all things being equal at a 20 year service.

@kobe0007

25 күн бұрын

Common misconception is that the pension went away. It did not. It blended. Lots of legacy folks don't understand it and will spread misinformation about it instead of learning about it.

Happy to live in a country where pensions very much aren’t a thing of the past. Wasn’t aware workers rights were so deteriorated in the US.

@Praisethesunson

22 күн бұрын

America had an ocean separating it of the world's largest communist nation. So America didn't get a taste of civilization.

@clown-eating-hippo

22 күн бұрын

Hah. Workers having rights! That's a good joke.

"Passive Income" is an Internal Revenue Service term. There are different categories of income. Passive Income, Earned Income, Unearned Income etc. They are taxed differently. It is not an accurate description of how income is earned. Hamburger is not ham. Hot dogs are not dogs. Blue moons are not blue.

@AK-47ISTHEWAY

27 күн бұрын

Baby oil is not made from babies.

2 kinds of income: - What's made just in time (hourly/salary work) - What's made ahead of time (royalties and value appreciation of investments) Sure, there's allowances, but that's for chumps.

I want to say thank you to the guy in the comments who recommended Unimantic to me. You've been very helpful. Thank you!

so basically in today's economy it is extremely difficult to live off of passive income especially if you are young unless you are from a family in the 1%. And if you're not lucky enough you can only do so when you're old and have managed to grow your pension fund high enough after working for 50 years or smth

@mandisaw

28 күн бұрын

In any economy! Value comes from labor x time, so you'd have to maximize one or the other, ideally both. Even an inheritance just means someone else's labor, in the past.

@Novastar.SaberCombat

23 күн бұрын

Correct! "If you ain't rich, then you ain't sheet." --J.P.

@Praisethesunson

22 күн бұрын

​@@mandisawWrong. I only care about passive income because Americans live in an economic system where access to basic necessities like shelter and healthcare are deliberately and perniciously withheld/restricted to extract the maximum amount of wealth from the plebs.

After all the taxes, rules, regulations, policies, fees, red tape, risks and requirements, it's almost like the system is fine-tuned to keep you from getting ahead or something.

@AK-47ISTHEWAY

27 күн бұрын

It is. The rich don't want any competition.

@TCPUDPATM

26 күн бұрын

I don’t think so. People put their own greed first and sabotage themselves.

@handleyobusiness

26 күн бұрын

It's your excuses that's stopping you.

@t3hr00tb33r

26 күн бұрын

​@@handleyobusiness I agree but there's more to unpack on that... your statement is true if your enemy is laziness. I've worked in both white-collar and blue-collar sectors, down and dirty but also in high-skilled environments. Got the work ethic and drive to start a small business. The fight is real. You'd have to have $500K to become an "accredited" investor status (the cool kids club to invest in cool kid things). I get taxed when I make money; I get taxed when I lose money. I can work my ass off all my life and it won't be enough; I can make investments with that money and still not have enough. I do the "good boy" things to get my credit score up only for that not to matter at all. Want to start a business? You're already -$7,000 in yearly taxes for being "self-employed" now. It's up to us to make up and "try harder" whenever we get nickeled and dimed with silent penalties and fines. So my point is: is that really on me? Every time someone can get ahead, they'll find a way to stick us so that we don't get ahead. If you aren't zeroed-out at the end of the day, they will and can find a way to make sure you are. _"If you aren't in debt up to your eyeballs then you ain't livin'!"_ There's a reason why more and more people need to take more time and more jobs because maintaining a standard of living creeps up on us, even people that are frugal. The same can be applied to taxes on top of taxes on top of more taxes and, oh hey, here's a new tax this year to put on the pile, sorry bub -- and we let it happen to us so much that it is slowly sinking us into a larger-picture state of misery we as a whole are experiencing. tl;dr: educating myself about investing and stocks and whatnot over the last year or so, learning a lot. No excuses, you're right. But that action of investing is penalized even if I'm doing everything right. And I'm saying "that sucks." lol (Why bother trying to go the extra mile and succeed when it doesn't pay to put that effort in?)

@t3hr00tb33r

26 күн бұрын

"Sir, this is a Wendy's." 😬

Thanks for bringing awareness!

Honestly, I don't understand why you're discussing these dubious schemes. There are plenty of options like Unimantic and similar ones that are fast and profitable.

German spam for the 1st two comments 😅. Here is a real person saying thank you for your content. Always very informative and helpful.

@krzysztofkonopka5559

28 күн бұрын

Report it.

@timp1389

27 күн бұрын

@@krzysztofkonopka5559 1st thing I did 😅

I love the pension explanation about how annuities pay 20+25th of their value, so simple

4:05 In some cases, you can even "buy time" in a pension plan, replacing that time spent with cash earned from other jobs.

@ladylove34

26 күн бұрын

Hmm interesting. Thanks for sharing

@vsgfilmgroup

26 күн бұрын

@@ladylove34 Sure. Something similar happened to a relative of mine; they worked in a school cafeteria, so they were a state employee. But then they took the cafeteria private. My relative was mostly vested in the state pension, and paid for the rest of the time needed to get all the way vested.

I'm that someone who's lucky enough to start a business during my uni years, got it to do quite well then continued it after graduation, then covid hits. That's when I earn quite a bit. I'm 27, with (I believe, if all go well) enough money for the rest of my life. Even then I call myself semi-retired, I'm still running the business but not actively expanding because I enjoy doing something. But that's because I'm really frugal and debtless. If you're thinking to have enough passive income to live a luxurious life like what those gurus promise you, you have to go to a fantasy world I'd say, or be really really lucky.

Private sector Union employee here with a Defined Benefit plan(Pension), and a 401K with a 6% match. Definitely looking forward to retirement!

@mandisaw

28 күн бұрын

Lemme guess, union? 💪 Public & pensioned over here 😁

Step 1: Have capital. Step 2: Make your money breed for you. Also, starting a business is not passive income because it takes work, but a pension does count as passive income? Do you guys want to do a second draft of that one?

@mandisaw

28 күн бұрын

Business requires ongoing labor, until/unless you can fully make it self-sustaining (even then, you'll need to strategize). Pension is more hands-off, you just do your normal job, then collect a monthly check at the end.

This is a very good summary. Passive income comes from making solid income, living below your means, and investing. Or working your ass off. I'm too lazy for that.

Only passive income I know of is mutual funds. But even then, people might get caught up moving money from fund to fund too often.

@Devinn504

27 күн бұрын

No, a well diversified dividend portfolio without any garbage mutual funds is true passive income as well. 🥱

It is for some people. Especially in the entertainment industry. Jerry Seinfeld wakes up and makes coffee. By the time he walks to the mailbox he’s got several thousand dollar checks waiting for him for being in a show that ended 25 years ago.

@AndreTudor

26 күн бұрын

Yeah, that case can be included in the examples they give at 7:37. Not very much replicable 🥴

@Praisethesunson

22 күн бұрын

What's the deal with residuals? J "probably knew Epstein" Seinfeld.

My passive income is the stray quarters I find near the vending machine at work.

Creating a passive income is NOTHING like winning the lottery. Winning the lottery means basically doing nothing but gambling and then winning, pure luck. Building an investment portfolio over 10 or more years requires both a plan and the work of saving consistently to make it real, night and day difference between the two. Also, you don't understand real estate, you actually WANT a mortgage, because you don't pay it, the TENANT pays the mortgage, but YOU get to use other people's money to own MUCH more real estate than you could afford using just savings. This is why $100-$200 a month passive income from each property is really good, because you get to deduct the depreciation of that property from your taxable income, making that money effectively tax free, and then you can just save that income and your earned income to use another large mortgage to buy a second property with a second $100-$200, and then you snowball it into a huge income over time.

There are a lot of crooks in the passive income space, but passive income is a real thing through stock investments. Ideally those investments go into something standard but boring (e.g. a mutual fund or ETF that mimics S&P500) and invested via a company that charges low fees (e.g. Vanguard). It would be nice to see a video discussing strategies for attaining financial independence, rather than just implying it's all a scam. It's not, but the reality is that it isn't simple to attain and it may not be feasible for everyone. But even if not everyone can attain financial independence in the long run, everyone can benefit from applying the strategy to be more financially secure than they would have been otherwise.

@trevinbeattie4888

28 күн бұрын

Passive income from stocks requires having a _lot_ of spare cash that you can invest up front. I have a decent amount of stocks; I get just a few hundred dollars in dividends per _year._ Mostly stocks are just a good alternative to a savings account for retirement since over the long term they grow faster than the banks’ meager interest rates.

@kevineiford2153

23 күн бұрын

​@@trevinbeattie4888there's not really anything bad about investing your money wisely rather than letting it sit in a bank. You're doing the right thing, hows the extra 12% you've gotten this year feeling?

@Praisethesunson

22 күн бұрын

@trevinbeattie4888 You are exactly right I have over $2.4 million dollars worth of PepsiCo stock. It pays me less than $20k per year in dividends. No wage workers today will have that kind of money to invest in their whole life.

for Canadians if you haven't already started, please use your TFSA to buy some financial products like stocks or ETFs. lots can pay more then 2-5% yield div and its tax free to reinvest! so it can compound and really help you get to those financial goals over the long term. good luck!

@n4tune8

23 күн бұрын

That's right! I live off dividends from a covered call ETF (HYLD to be precise) which has between 12.5% and 13% yield. I dunno where these people take their 2% to 5% yield, there's waaaay better options (no pun intended).

I have to say Julia is my celebrity finance crush. Big thanks to the entire 2 cents team for putting out great content!

Low cost Index/ETFs can pay monthly stipends without limiting the purchaser to dividend yielding companies (dividend yielding company index/etfs reduce investor market exposure unneccesarily).

Rental income is my go-to because I have access to $0 down mortgages through VA home loans. Being able to gain control of a $700k+, appreciable, income producing asset every year without spending any money has been life changing. Sure, each unit profits me less than $200 per month, but that adds up very quickly. I've been at it for three years now and I already have 12 units. That's already enough to retire on, not even including the hundreds of thousands in paid off principal and equity gains. Plus, when the mortgages are finally paid off that profit will shoot up to five figures per month. I'll probably continue for a few years, and then shift my full focus to dividend investments.

In short, you work until death. The end.

@epbrown01

28 күн бұрын

Nah, they left one out: Intellectually Property. Spend a year writing about a kid named… Gary Putter, an orphan who goes to a magic school and has adventures. It becomes a hit, you make billions, done. (Set some money aside for lawyers.) 😂

@billmanhillman

23 күн бұрын

That's what you voted for.

@Novastar.SaberCombat

23 күн бұрын

@epbrown... if only it were that easy, son. 😂 Without coin, corporate connections, crews, clout, computer code, committed communities, and lofty opportunities... nothing significant can nor will ever occur. That's just reality on a planet of eight-billion. Reflection is truly key. 🐲✨🐲✨🐲✨ "Before I start, I must see my end. Destination known, my mind's journey now begins. Upon my chariot, heart and soul's fate revealed. In time, all points converge, hope's strength resteeled. But to earn final peace at the universe's endless refrain, we must see all in nothingness... before we start again." 🐲✨🐲✨🐲✨ --Diamond Dragons (book I)

@BP-ke5qs

21 күн бұрын

Ok doomer

I appreciate your videos a lot not only the info but your editors,producers and crew sure know how to animate this in a way that is entertaining and simple to understand❤❤❤

Nearly everyone that I’ve ever heard claiming passive income ACTUALLY means buy real estate and then be a neglectful landlord. Terrible business model.

Your expertise as financial planners is very evident in this video. One of the best you've ever done.

I've only seen the best interest rates from investments in the copy trading market, like Eledator, for example.

And the thing with passive income is, you are living now. Life is short. Do you really want to dig a well through your best years that you could retire as a rich old man? When money is least useful to you? What about basic luxuries like your own place to live or your car to buy and to maintain? Won't you have any medical expenses to cover like dental? Don't you want to own any luxuries? Passive income like people advertise is unrealistic. The best investment I have done was to my own standard of living. That is, I bought an apartment. It shot up in value. I'm richer now than I was before. If I'm going to marry someone who already owns place to live, that apartment already could serve as a rental property.

@tvb4227

26 күн бұрын

Excuses. Its not that hard. Im 26 and generating $500 a month of Passive income. Sadly once you turn 35+ it is very late to invest or chase passive income.

@REgamesplayer

26 күн бұрын

@@tvb4227 Is this a point when your alternative accounts recommends me to research an investor?

@tvb4227

26 күн бұрын

@@REgamesplayer First you do is find a broker. Robinhood, Webull etc etc. Then you find a business that usually pay higher yield. But before you jump into that you will need a savings of atleast 80k. That pays averaging $300 - $350 a month from bank interest. You re-invest that passive income ofcouse. Then you switch up to broker. Targeting and buying businesses that is focus in GAS, BANK, REIT, PREMIUM INCOME AND ETF. They are usually the one pay higher yield. Be discipline AF. Live with parent if you have to. Once it reaches $800 a month of passive income. That where fun begins doesn't matter if you move out or not. Im in my 4th year. Almost in my 5th year and it starts to show up. 7th year is where you harvest that Beauty more valuable than GOLD, DIAMOND OR DEPLOMA called ''THE COMPOUNDING INTEREST'' Read bunch of finance books, follow Warren buffet style but focus in yield not richest. Warren buffet might a billionaire but his too old. The target to be free young. Not be free old. Only few people reaches it and Im next ;)

@REgamesplayer

25 күн бұрын

@@tvb4227 So, you already need to be rich in order to be rich. Got it.

Fantastic video. Keep them coming! I learn so much!

But really, it's not impossible. I earn an affiliate income passively. YES, I had to put in the work to get something valuable up and running, but now the income continues passively. Enough to not waste time by working for a boss. It's like writing a book that sells well, or recording an album that sells well. You'll always have to put in the work first, and make sure you create something valuable. YES, it's not easy, but: YES, it IS possible.

2cent is the best financial channel ❤

very good video tbh. kinda shallow, but a good basic summation of things! and i'm to the right of attilla the hun so i dont like complimenting pbs lol. video doesnt mention the 4% rule directly, but yeah it says you can generally safely withdraw about 4%, inflation adjusted, of a given investment (mostly stock) portfolio. So you need a million $ just to clear 40k in annual inflation adjusted income by this measure. One good side effect though, is that in most cases using the 4% rule is conservative enough (since it needs to cover the worst cases) you will usually (not always!) end up with a significantly larger portfolio at the end of 30 years (the generally assumed "retirement" period of the 4% rule) than you started (that 1m could turn into 2 or 3m). Right now of course you can earn a safe 5-5.5%, but we cant expect rates to remain this high.

I've been doing affiliate marketing for years as a side hustle and you can make money with it and it. In my case it turned into a high paying full time job when one of my clients brought me on as staff. That being said there was a study that said 64% of affiliate marketers make less than $1,000 a month, I suspect it's higher than that. During the pandemic were my best years (everyone's stuck at home on their computers) I made 3k one month. Other than that it's almost always less than $1,000. There's no such thing as 'easy money' unless you're doing something illegal or immoral.

I know many people, especially finance KZreadrs tend to disagree, but I still consider KZread income to be passive income. If you put out a really good KZread video and people are watching it (like this one - fine work as always!), that ad revenue will continue to come in while you're out with friends, going for a bike ride, eating dinner, on a date, etc. Yeah you had to put some hard work down, but nobody is saying you don't have to put in any work to earn passive income. The point is, once you put the initial muscle in and release a successful video, you will then have money flowing in regardless of what you're doing with your time. It can even get picked up by the algorithm and generate some income YEARS after it was first released. If that isn't passive income, I don't know what is.

Are you still just holding coins? Guys, what are you doing? Eledator has been around for almost a year!

I've kept much of my savings in cash for safety, but I'm unsure if it's right for retirement. Contemplating investing $400K in stocks, as I've heard investors can profit in tough times. Unsure about my next move.

@ryanthompson8256

28 күн бұрын

Yeah, I’m also closing in on retirement, and I have benefitted much from using a financial advisor. I didn’t really start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in more profit than some of my peers who have been investing for many years.

@adamweah8037

28 күн бұрын

Please can you leave the info of your lnvestment advsor here? I’m in dire need for one

@michelleabraham1732

28 күн бұрын

What a share!! it was easy to find your adviser. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

@AK-47ISTHEWAY

27 күн бұрын

Scam bots unite! ✊️

@TheKyleLazarus

27 күн бұрын

DRDCX

You guys are great. Thanks for making such an informative video 😊

You guys make consistently great videos, but this one hit the ball out of the park. Spot on and realistic assessment. Please never stop

One more option for those who are better at tinkering: License your patents. Obviously this one has a huge barrier of entry in that you have to be able to make something worth licensing, and the life span for said patent is 20 years, but hey, it's one option. But at the end of the day, passive income is hardly passive. Takes a huge amount of energy/time/resources to build up something that can generate more money than what you can do with your own two hands.

@georgelaxton

28 күн бұрын

The patent system is broken and good luck ever getting a penny for something you patent.

Is letting your mustache grow out without shaving it a real thing?

Thank you. Sometimes, in my independent research, I see the advice "Buy land," and it bothers me a bit cause I was looking up how to build wealth, and I'm thinking, "How can I buy LAND when I'm trying to save my coins".

Investing in victory, means playing the long game.

I mean, passive income does exist... you just need to put a lot of money to make a noticeable income from it.

@Kyla94934

28 күн бұрын

Yeah I'm getting 20$ a month in passive income from my dividend paying etf lol. Not exactly liveable 😂😂

The only "real" passive income is royalties and residuals. Mariah Carey earns 2 million dollars yearly from "All I want for Christmas is you".

@Novastar.SaberCombat

23 күн бұрын

If you ain't rich to begin with, there is no possible way to become rich without corporate connections, crews, clout, computer code, control, committed communities, and lofty opportunities. Mariah C. had them *ALL*. It's as simple as that. No exceptions.

I prefer the FIRE plan with dividend growth stocks or REITs. You might want to aim for higher starting yields of 6-8%, learn how to avoid yield traps, and have a good backup plan in case of dividend cuts. Even if it takes 5-10 years of work and sacrifice, it's better than working decades. The money is very passive, but the irony is you typically want to work more hours to accumulate faster.

A lot of comments are full of negativity. My two cents on the issue: Evidence shows that wealth growth is directly linked to market exposure. Market exposure is linked to market optimism. Although it is alright to be careful when someone is selling you anything with a conflict of interest (e.g., insurance, anuities, etc) it is equally dangerous to become over-conservative (or even economically depressed) and stop trying.

While I acknowledge the FIRE community is very lucky to combine financial education with goal setting and long term discipline/planning, I think the implication that it's similarly likely as winning the lottery is not correct. My chances of winning the lottery are close to nil (well, straight up nil because I don't play the lotto). I am FIRE, however, and I know at least 3 other successfully FIRE people. Structuring for passive income is definitely hard though, and yes it took choices the average person won't make.

@AK-47ISTHEWAY

27 күн бұрын

Only 3 successful FIRE people?... So your basically saying it's not likely to work then? No lie, but I have actually met more lottery winners than people who achieved FIRE.

@Praisethesunson

22 күн бұрын

​@@AK-47ISTHEWAYI'm financially independent because I was born to already wealthy people. It was a lottery win. Financial independence is only a goal when you know you live under a financial system that actively exploits you and doesn't care about your welfare.

passive income and compound interest should go hand in hand, otherwise that income will not be able to keep up with inflation or present living expenses

I love this. You made a video that spoke what I have been skeptical about. All those IG ad are not making money on what they claim they do but sell their classes to make their core money.

Please talk more about annuities! They are benefits and cons for people

Passive income does not mean free cash. It means putting some amount of up front work and create multiple streams of income that require limited attention. Investing in index funds, stocks with high divident yield, creating content, joining a startup with revenue share are all valid passive income streams.

@bronxishomenomatterwhereig3149

28 күн бұрын

Yeah this is it.

Next video: "Is retirement really a thing?" in this same vein

@MrKogline

28 күн бұрын

I mean, I could retire now at 38 but will continue to work to help out my friend. So, yes but no?

Great Information thanks... except the dividends part is miss information

How To: Passive Income “Just luck out. Thank you for coming to my TED talk.”

I love it. I love the moral of the story. Passive income is possible but not without work. I like to call unstructured income. It’s not a nine to five, but you still need to work hard.

@VioletEmerald

28 күн бұрын

Well a lot of time it's a bunch of work upfront but then less work total going forward to maintain. You would get to work much more part time to get full time income eventually but there are some full time weeks. Or... i mean some jobs are very one to one service where there is only one of you and you can only get a certain amount of money total from any one client you're working directly with. Passive income, alternatively, gives so much potential for growth and scaling your business to actually make you more revenue and profits.

@steverogers7601

28 күн бұрын

But I don’t want to work that hard.

CD investment: hold my beer

Congratulations . That must be a great feeling. I aspire to get there one day. I'm 47 years old and I made the decision to start using my money correctly to work for me that way in the future I can be financially stable and independent from needing to work for someone else. Right now I am making 30 K a year net income in my current. job. But I am in the process of getting a skill to where I can make 70 K which I'm sure will be about 50 K net and then I want to start saving until I have a certain amount that way I can invest, and at the very least, I can be financially free from having to work for someone

Rule 8 indicates you don't need a high IQ to be a good investor, just 2 qualities, self discipline and a lot of patience. Investing is mostly about behavioral psychology. How can I generate more income to retire with at least $3m for long term care?

@Walter_hill_

16 күн бұрын

We share common goal, making sure you are ready for your later years is very important. That's why passive investing works, low costs, better diversification and it enables people to overcome their behavioural bias especially if they engage professional help.

@HarrietBemish

16 күн бұрын

It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $30k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.

@DavidRiggs-dc7jk

16 күн бұрын

I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help

@HarrietBemish

16 күн бұрын

Vivian Jean Wilhelm is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment

@DavidRiggs-dc7jk

16 күн бұрын

Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

Thank you for this :) As someone who runs a business, whoo boy is it a lot of work 😅

@sobewisdom

28 күн бұрын

You don't run the business, the business runs you! 🤣

1:17 If you sell a stock for a gain it’s a capital gain not income. An important distinction. Capital gain and income tax rules are very different.

This channel has super good realistic practical advice.

That's funny 'cause I live off passive income, mostly rentals, It's easy! Just inherit it!

Serving in the US military has this other than pensions. Go ask a military recruiter about it.

I'm definitely making most of my money on property, which is little work, and rental income is definitely what I'm thinking of. 12% return on investment excluding price increases 20% after. Ok, interest rates will make a dent, but I'm still doing well on 2 houses and a flat. 😀 Also, with shares, you can use the 7% over inflation on a low-cost index fund. Basically, selling what is required, but really, it is a way of growing your saving where as a bank account loses real value. It's best not to go for high dividend stocks as they don't do so well.

@amanasd26

28 күн бұрын

are you factoring in renovations and capital expenses?

@bob1234881

27 күн бұрын

​@amanasd26 The 12% and 20% is based on the money I put in. I.e. geared nice to the my mortgage. The 20% is based on 4% price increase and 1% decrease due to maintenance. :( Of course it isn't truly passive but only requires little effort.

Honestly this is my new favorite chennel. The advices are accurate, the explanation is good, the edits are really fine. I don't know how I didn't come across this channel earlier

I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.

@belljoe

27 күн бұрын

I thought about investing in the real estate market, I heard that people make millions , but I lack good knowledge and a strategy to outperform the market and generate good yields. I have $460,000 but it's hard to bite the bullet and do it. Money is hard to come by

@smithlenn

27 күн бұрын

This seems like the worst period.Even the markets are very unpredictable.started investing recently when the market prices were a bit high,today i am more than 60% down

@latanyaconlontl5849

27 күн бұрын

I began my investment journey at the age of 38, primarily through hard work and dedication. Now at the age of 40, I am thrilled to share that my passive income exceeded $100k in a single year for the first time. This success reinforces the importance of the advicmonth e mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.

@smithlenn

27 күн бұрын

Fantastic! Can you share more details?

@latanyaconlontl5849

27 күн бұрын

was guided tho..Julia Hope Marble. walked me through the ropes majestically i'ts my ultimate pleasure.

Idk if you have already done a video on this but I could use one on high yield interest accounts.

@mandisaw

28 күн бұрын

I think they did, try searching the channel for savings or the FDIC

I was waiting for a run the numbers section where the dividends actually run the annuity option.

Glad to see FIRE got at least a small mention towards the end! My wife and I are on that track. With an engineering degree obtained with scholarships and living well below our means and saving like crazy (while still enjoying life of course), we are on track to retire in around 10 years.

The paradox is you have to work hard for years or decades to build up passive income. Write books, photograph pictures or make youtube videos consistently for years to build an audience or customer base. Invest in a 401k for a decade or more which is generated by working each week. Save money each month in a high yields savings account for years to build up substantial interest. There are no shortcuts. You have to work which pays off over time.

@tvb4227

26 күн бұрын

Not really. Im 26 and generating $500 monthly. and They get reinvest back

@Novastar.SaberCombat

23 күн бұрын

Unfortunately, it doesn't. 🙂 It only pays off for the 1%. For the fortunate... for the connected... for those with crews, clout, computer code, control, communities, and opportunities. Otherwise, yer just an invisible shadow amongst the eight billion bodies on this planet: the other 99%. 💪😎✌️ If you're reading this, you are most likely poor and unknown just like them. And yer gonna remain that way until your final hours. It do be what it do be. #copium Reflection is truly key. 🐲✨🐲✨🐲✨ "Before I start, I must see my end. Destination known, my mind's journey now begins. Upon my chariot, heart and soul's fate revealed. In time, all points converge, hope's strength resteeled. But to earn final peace at the universe's endless refrain, we must see all in nothingness... before we start again." 🐲✨🐲✨🐲✨ --Diamond Dragons (book I)

Here's what I would tell any young person getting ready to enter the workforce: 1) Minimize your expenses in every way you can (live with your parents, roommates, etc.) 2) Have a goal of investing 50% of your GROSS income into an S&P 500 index fund such as Vanguard 3) Plan on living like a monk/hermit for at least 10 years If you can get through 10 years of deprivation, you should end up sitting on a substantial nest egg. Now you can begin to think about dating, getting married, buying a house, etc. You might even have enough to pay CASH for some lower-end rental property.

@georgelaxton

28 күн бұрын

lol you forgot step 0 have rich parents.

@ironman8257

28 күн бұрын

Marry a wrong person and see your plan *0

@economicdevelopmentplannin8715

26 күн бұрын

This is good advice. I shorten it to, get money buy assets, for those in the back... Get money buy assets Get money buy assets ❤