What is passive income?
Stop buying into the idea of passive income, Gary Vaynerchuk, one of the most prolific entrepreneurs and a well renowned public speaker came out with this amazing video to take part in the conversation of making money. In addition, this video published on Facebook, he uncovered the myth around the topic. Furthermore, he explains what it takes to make the money you need to get your financial freedom.
“Anything that starts with I don’t want to work is already a problem” Gary Vaynerchuk
Takeaways: Income stream
If you want to have financial freedom, you need to put in some hours and build the business. Nevertheless, he emphasizes from his opinion the only 02 alternative income options are real estate and the stock market. Moreover, from Gary’s views, those are the only two streams that he can recommend. Anything else will need time, consistent effort and commitment. An average of 7 years is necessary to build a good income stream.
In essence, Gary is not negating the idea of generating any incomes without putting in the same 9 to 5 schedule. He is pointing out the hard fact that nothing comes easily. Basically, Gary Vaynerchuk tells the audience there is no such thing as