PASSIVE INCOME: Real or Fake in 2021?

Share it with your friends Like

Thanks! Share it with your friends!


Passive income is a term that gets thrown around a lot by financial education YouTubers like Alex Becker, Dan Lok, Pat Flynn, Millionaire Millennial, Graham Stephan and yours truly Matthew Pillmore. And I think its time we stopped using Passive Income to describe the residual income we’re all striving to build for ourselves. In this video I discuss the reasons why the term passive income is a myth and how we should begin looking at it as progressive income instead.

Now I’m not married to that term, so if you have any better ideas I’d love to hear about them in the comments below, but I do think it serves the purpose of describing how to make money in a more residual and efficient manner, while also revealing the fact that building out these revenue streams cannot be done passively – they take work!

That said it’s all about being efficient in how the systems are built so that as time goes on you’re spending less and less time on that revenue stream making it more and more efficient in building wealth over time. If you want to know how to get rich then you will have to look at progressive or residual income streams – you only have so many hours you can work a day.

Get one-on-one coaching with Matthew Pillmore:

Get your FREE Cash Flow Cruncher budgeting spreadsheet here:
It’s way more than just a budgeting spreadsheet! Manage your finances completely and easily with the Cash Flow Cruncher, our gift to you just for being a viewer of the channel!

Getting into Real Estate? Check out the Real Estate Investment Analysis Worksheet, a FREE resource that helps you calculate whether or not a property will be a money-making machine for you!

Want more actionable financial tips and tricks like this one? Check out our YouTube channel here

Much like Robert Kiyosaki, VIP is all about utilizing leverage (via Debt Weapons) to increase cash flow through investing in all types of things, from real estate to small businesses. VIP differs in their approach to the follow-through, utilizing some of the things Dave Ramsey teaches – optimizing your cash flow by decreasing expenses – however VIP differs there too. We are all about maintaining the lifestyle design YOU want, all while optimizing your expenses through creative approaches. We’re all about the best of both worlds.

Do you watch Dave Ramsey, Robert Kiyosaki, Grant Cardone, Gary Vee, Graham Stephan, Meet Kevin, Ryan Scribner, Replace Your Mortgage, Project Life Mastery, Russel Brunson, Alex Becker, Tanner J Fox, Refusing to Settle, Dan Lok, Jeff Rose, Tai Lopez, Bigger Pockets, or Pat Flynn? Then you’ll love our channel! Be sure to subscribe!!

Make sure to check out our social channels for more insight and industry news!
Facebook –
Instagram –
Instagram (Lifestyle) –
Twitter –
LinkedIn –
BBB A+ Rating –

Disclaimer and Waiver — VIP Enterprises, LLC, its owners, officers, directors, employees, subsidiaries, service providers, content providers and agents (referred to as “VIP Financial Education”) are not financial or investment advisers and not licensed to sell securities or investments. None of the information provided is intended as investment, tax, accounting or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement, of any company, security, fund, or other offerings. The information should not be relied upon for purposes of transacting securities or other investments. Your use of the information contained herein is at your own risk and results always vary. The content is provided ‘as is’ and without warranties, either expressed or implied. VIP Enterprises does not promise or guarantee any income or particular result from your use of the information contained herein. Under no circumstances will VIP Enterprises be liable for any loss or damage caused by your reliance on the information contained herein. It is your responsibility to evaluate any information, opinion, advice or other content contained. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, or other content. Furthermore, from time to time VIP Enterprises may earn an affiliate commission when a viewer purchases a product, program, or service as a result of our content.

#PassiveIncome #HowToMakeMoreMoney #FinancialIndependence

#SideHustles #ResidualIncome #CashFlow


VIP Financial Education says:

What do you think about the state of passive income in 2021?

Steven Waithe says:

I'm with you on the passive income slogan, but I like aggressive income for me, but I like progressive income as well, to me passive is slow money, progressive income is growing money

Dustin Boyd says:

I love fish Creek falls, great hike and there's a uranium mine on the left hand side of the road you can go up to as well.

Dustin Boyd says:

I love steamboat springs Colorado I used to live an hour away from there Craig Colorado. Used to live there for about 20 years.

Data Is Amazing says:

I started looking to make passive income about 5 years ago. My first big effort crashed and burned over technicalities, but I learned to be more cautious. My next big venture took about 2 hours a day of work and turned into a full time income. It got more difficult to grow it and one venture has risks, so I decided to build a whole new business around insurance renewals. My last venture made me over 40k last year with zero work, allowing me to focus on insurance. Once I build up the new business, it will cover all my living expenses before I do anything for the day. My goal is to make a full time living each month if I work or not. I know a lady in the same business who made 144k during 2020 Covid, choosing not to work at all while she purchased a nice new home, moved in and remodeled everything. Passive income does exist, but you either create it or purchase it and maintain it.

Dickson Jack says:

Am thinking of getting into crypto investment crypto is indeed the future

Tammy Hensley says:

Yep, nothing passive about the time and energy I put into my rental portfolio.

Write a comment


This site uses Akismet to reduce spam. Learn how your comment data is processed.