Passive Income: is it a scam or legit?

I do want to emphasize that this is my opinion coming from my perspective. Passive income will have a different meaning to someone that is 70 years old compared to someone that is 25 years old. It's unique to the individual but just wanted to share my point-of-view, let me know what you think!

I don’t have passive income, I work for income till I pass out!

Thank you, I'm 77, my husband is 80. We own our house and cars and have a condo in Rancho Mirage (Palm Springs area). We've decided to sell it for that exact same reason you said. We rent it during the season, but have to rent it 6 months to just break even, (which has never happened). We own it, but it's not making us any money and is a pain, even with a property manager...there's always some expense. We're at a stage in our lives where we just don't want to deal with it, and our CD is so nice and worry free! Thank you for confirming we're doing the right thing for this stage in our lives.

My "Passive income": --Using work vacation time and evening/weekends to fix stuff at the rental. --getting out of bed at 3am during a thunderstorm to fix a leaky roof or plumbing bursting at the rental. --Waiting for the sheriff to show up and help evict the non-paying renters. **Paying someone else to manage your issues still takes time and causes decision making/stress.

I like your definition of passive income. Truly passive means little to zero effort. Rentals can be good income producers, but they are not very "hands off" to manage.

'Just give me my money, and don't stress me out,' Indeed! Another class in session. 😊

I been watching Brian for a few years now i think he does a great job bringing the truth 👏

Legit if you have a LOT of money but otherwise no, just invest in equities.

Currently living off my dividend passive income. I have 2 more years to apply for my max SS. No debt. It took me 35 years to accumulate enough in my investments to get to where I'm at now.Its a long process. Spend less than you earn and Invest.

The problem is our medical debt is more than the primary job can pay, and it’s harder when you only can get minimum wage jobs which only pay 1200 a week and your weekly debts are over 3000 a week and you are homeless.

I’m #2…. Retired, and very happy with my Dividends, CD Ladders, and I-Bonds. Compounding is Wonderful. The Quarterly Taxes I pay is Awful...

Thank you for the clip. My concept of passive income involves rental properties, as they demand minimal effort from me. I am 52 years old and have no debts (no mortgages on all three houses). And I currently earn about $4000 a month in passive income without dipping into my retirement accounts. Additionally, I am in a 'barista FIRE' mode, working part-time to cover discretionary spending such as travel expenses. This clip reaffirms and motivates me to continue on my current path. Again, thank you very much.

Just set up automatic contributions for my Roth IRA at 22, thank you for the great videos Brian! This channel gives me confidence that I can one day reach financial success, step by step :)

I got 250,000 in cash, savings accounts, 8.6%. I own a house i full. No property taxes, car paid in full. I can easily live off that income passive right now that cones once every 12 months. But dont out of boredom. Not even 46 yet. Go where you are treated best. 50k incone is 2/3 the world you can live nicely to kingly.

Agree with you with rental properties. You need to get involved heavily in the beginning. In my opinion you need to have at least between 5 to 10 houses at least to offset any unexpected expenses and vacancy.

AS A OLDER MAN THAT HAS NO RETIREMENT OR PASSIVE INCOME. JUST WANT TO SURVIVE DAY TO DAY WITH MY SMALL BUSINESS IN CALI.... VERY DIFICULT, BUT MAKING MORE THAN EVER BEFOR TODAY...

Great content as usual. My compliments to you on your new format to educate your audience! 👍

50,000 would be enough for me. I only have myself to take care of. I live off much less than that.

Thank you, love your videos, brother

Thanks Brian! Another banger!