00:00:00
Before you have a million dollars, don't
00:00:03
even think about passive income. You
00:00:04
have no asset to actually earn passive
00:00:06
income off of. Your time is much better
00:00:09
spent learning how do you get your first
00:00:11
million than it is through passive
00:00:14
income and thinking how you're going to
00:00:16
earn a percentage on the principle that
00:00:18
you've invested. If you make $60,000 a
00:00:20
year, 8% on that isn't going to get you
00:00:24
to financial freedom. Don't figure out
00:00:26
how to crack 8% to maybe I'm going to
00:00:28
get 15% returns because the principle is
00:00:31
still so small. The 60,000 is so small.
00:00:33
Actually learn how do I make my income
00:00:36
160,000. But what's wild, once people
00:00:38
learn how to do this, as soon as you get
00:00:40
there, you're like, "Oh my gosh, if
00:00:42
that's all it took for these people that
00:00:44
I used to think were special to earn an
00:00:47
additional 100,000, and now all I have
00:00:50
to do is do that same process again to
00:00:52
go from where I'm at to be able to earn
00:00:54
1.6 million, do a 10x, sign me up." And
00:00:58
so passive income is great at a certain
00:01:01
stage of life, but 99% of your time
00:01:05
should be focused on how do I make the
00:01:07
first plan go freaking right and do
00:01:10
everything I can today to control plan
00:01:12
A.
