Stop Trying To Make Passive Income

Share it with your friends Like

Thanks! Share it with your friends!

Close

The most powerful quote I ever read in my life is, “ you cant help a man who wont help himself “. Yes that’s all gender friendly. Its like trying to help your friends who waste all his money, but he keeps screaming YOLO, eventually his going to start hating you, so you have to back away until that person is ready to receice the information.

And that’s what I love about Youtube, because when you click video you are ready to receive the information and you are that person whos intelligent. So yes, I’m telling you to stop worrying so much about passive income ( its stupid, and I’ll tell you why ). Ps Im going to make around 30-40k this year in passive income.

But if I had to start from $0, I wouldn’t be doing the same things I’m doing today. ( because not everything thing works at different levels)

😎Call Me😎: https://bit.ly/30IBr0i

😎Second Channel😎: https://bit.ly/3c4sVPS

💲1 on 1 Talk + My Budget + Stock Investments💲
https://www.patreon.com/tommybryson

💰MY M1 FINANCE PORTFOLIO💰 PLUS $10
Link: https://m1.finance/37SHd4241z-N

Chapter:
0:00 Intro
2:10 Passive Income Definition
3:13 Here is the Massive problem with this
5:29 What Should Be Your Priority?
8:18 What Do You Do Once You Have A High Income Skill
14:29 Outro

1. So First Lets Establish the Definition so we are all on the same Page
– To almost everyone I know passive income is very attractive
– Because people see it as, I put my work for me and I don’t need to work ( and if I build an endless source of income without having to work, I can quite my job and just do exactly what I want to do )

2. Here is the Massive problem with this ( Broke People want to only Focus on passive income )
– I mean some of my most popular videos are on passive income
– And most youtuber that talk about their passive income source streams, all come from youtube ( so make no sense for the average person)

But the Biggest Problem is this:
– Most people are willing to invest money today to make some passive income ( but think about, in order to receive enough passive income to cover all your bills you’re going to need to either take on a lot of risk or have a lot of money )

Now my Point is this:
– My point is not to tell you that these things don’t work ( because clearly they do)
– But my point is to show you that more than often it takes a lot of time and money
– So if all you have a small amount of money ( I don’t really recommend you spend it to build passive income, its a little stupid)

3. So what should be your priority
– Investing in a High Income Skill
– Trade Job, College, books, courses or even License

Now for Context if I go to Forbes List and I look at the Top 6:
– If you took away all the money from all of those billionairs today
– They would all be left with their skills
– And those skills would be able to get them jobs, Businesses, Funding or whatever it is

My point is:
– If you don’t have a high income skill, that you like, and are good at
– You are most likely working a job that you might like or might not like but definitely doesn’t pay you the amount of money that you should be getting paid

4. What do you do ones you have it ( that skill and have a big earning potential)
– Simple Focus on the Things that Create Wealth, Lower the Risk of Losing your wealth and give you passive income

These are 4 things:
– Having a Budget and Know how much you spend and how you make ( I ask 3 questions and people always know one but not the rest : How you make, Spend and Have )
– Pay off Your debt
– Save For emergencies
– Invest for retirement & Payoff your Home 33% Rule on a 15 year mortgage

5. Here are Some Extra Tips
– Stop buying the product and start investing in the Business
– Stop Eating the fruits of your money ( let it reinvest )
– Only invest money you wont need for 10-20 Years

* PRO TIP*
INFORMATION IS EVERYTHING

👕Merch👕
https://teespring.com/stores/tommybryson

✅2 FREE AUDIOBOOKS✅
https://amzn.to/2Enayo8¬¬¬

💰M1 FINANCE $10💰
https://m1.finance/37SHd4241z-N

🎁ACORN FREE $5🎁
Link: https://acorns.com/invite/38EYSU

⚡FREE KINDLE UNLIMITED⚡ (traditional reading)
Link: https://amzn.to/2VGbxt9

👨🏽‍💻DISCORD PRIVATE GROUP👨🏽‍💻
https://discord.gg/EcZEHpA

My Camera Gear: https://www.amazon.com/shop/tommybryson

✔ Help Us Reach 500,000 Subscribers: https://goo.gl/0wvm6w

😎All My Social Media😎
Link: https://linktr.ee/tommybryson

*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I’m an Accountant but I’m not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.

Comments

Caleb Oliver - Real Estate Agent - Personal Finance says:

Glad you didn’t stay at the Gap Tommy! 👍🏾

Kelsie Jeffries says:

I absolutely agree that most YouTubers preach passive income but leave out the fact that they make most of it from YouTube which allowed them to have the streams they have now. I really enjoyed this content because it’s different than the usually “do this to be wealthy” even though you are still getting that information. Always great content and I’m trying to implement the good habits you possess into my own videos.

Luis Colin says:

Nah dude, I'm KEEP trying to make passive income

Caleb Magnus says:

Investing in crypto now should be in every wise individuals list. In some months time you'll be ecstatic with the decision you made today.

FallenToxic195 says:

Usually you’re right but not on this one

Densel Bullard says:

So many financial gems hidden in books. Most people just don't like to read so they won't find them.

Nicholas Bourgeois says:

I was thinking about making a career change into accounting. How did you like it? And how difficult would it be for a beginner? Only took 2 accounting courses and one was great the other not so much.

mt says:

Right on the money tommy.

Anthony Greatness Cotton says:

The advice they don’t want to hear 👀

Junior V says:

Tommy, listen you and Dave Nick from 1youyube,heis started a class free I started but my laptop went out but he shows how without having anymore hand using free websites. He is making aliqqt qis you top people useing you tube , not hard work alot his video step by step zero money. I like check it's tell your opinion.

Hey says:

*”Congrats to everyone who is early and who found this comment!"🏆

Trey says:

Biggest hypocrite

Write a comment

*

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