dOn'T SeLL YoUr TimE fOr mOnEy!!

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How many times have you heard some variation of this phrase “don’t sell your time for money”. This is a finance bro way of saying don’t make money exclusively from a source where you get paid X amount of dollars for Y amount of work which is basically every job. There are various reasons given for why selling your time for money is a bad idea like you only have so many hours a day you can work, so
trading your time for money limits your potential income
trading your time for money also makes you more financially vulnerable if you are unable to work
and its really hard to sell a course on trading your time for money unless you’re a college
although maybe they don’t say that last one out loud.
The alternative to trading your time for money is usually investing, starting a business, living a wildly alternative lifestyle or some combination of all three of these things.
But I am here to tell you that while this very broad phrase might have some merit in specific situations, it’s pretty much complete bullshit and you really shouldn’t take anybody who says it too seriously.
At best the phrase “don’t sell your time for money” is just another example of hustle bros needlessly bashing on regular day jobs that provide stable living to a majority of Americans. It also perpetuates the idea that simply working a full-time job is not good enough, and that a side hustle or whole extra business is mandatory to get ahead these days.
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#business #investing #passiveincome
Edited By: Andrew Gonzales
Music Courtesy of: Epidemic Sound
Select Footage Courtesy of: Getty Images
For sponsorship inquiries, please contact [e-mail]

[@FinancialShinanigan]

I was planning to rob a bank but that's not passive income so I invested in Wells Fargo since they're robbing customers already

[@amschelco.1434]

😂😂😂😂 how much dividend does they give??

[@mehukasta7098]

Mastermind

[@anggasurbakti8269]

Good, also remember that their customer is poor people so if something wrong happened, the government will bail the company. Never ever invest in company that steal from the rich, you can get lots of trouble

[@Lambert7785]

hahaha

[@MJ-uk6lu]

It's like investing in nVidia, AMD, Intel, TSMC and ASML, so they will buy a GPU for you.

[@Amphibax]

Never forget for every college dropout that made billions there are thousands of dropouts that never made it

[@hoangle2483]

make it millions of dropouts

[@tomlxyz]

Never forget that almost 100 % of these successful drop outs built quite a network that helped them succeed

[@franciscodanconia4324]

And there are a lot of college dropout Elizabeth Holmes too.

[@markwhittaker6866]

Very well put.

[@computerlearingchannel4257]

Never forget the college graduates that didnt make it. At the end of the day want to be wealth work your ass off with things that will build wealth

[@hankmarks69]

The 1% of rich people think of how to invest their money to increase their wealth during the recession. While 99% of struggling hard-luck people think of how to survive without food and daily necessities in the recession and the coming hyperinflation

[@jessy830]

In my taxable account I went into dividend investing route. In my Roth I did the buy and hold route with an S&P 500 etf and total market etf along with some Berkshire B stock and SCHD. My portfolio is made up of dividend etf’s, dividend stocks, growth stocks, it allows a bit more freedom in specific areas

[@PatrickLloyd-]

Through closely monitoring the performance of my portfolio by a FA, I have witnessed a remarkable growth of $485k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently.

[@PatrickLloyd-]

My advisor is “Vivian Carol Gioia”, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the fina-cial market.

[@Daysed.and.Konfuzed]

Geezuz... Only bots everywhere.

[@voraxityy8349]

@@PatrickLloyd- nice advertising technique, im not gonna lie

[@fedo9644]

If everybody lives off passive income then who is making all the food/power/anything else?

[@binder946]

Amigo...

[@lavandolouca6630]

Some dude in china

[@doccholo905]

"Financial guru" Grant Cardone has an underling that says 9-5 jobs should be illegal.

[@The_Average_YouTube_Enjoyer]

You need some suckers to work there will always be suckers that will work more for less as long as you give them some award or recognition ya know make them feel important and accomplished or better than their peers.

[@kali7055]

@@The_Average_KZbin_Enjoyer People work 9-5s or shitty jobs out of necessity and for money to survive, not for „some award“ or „recognition“. How can your view on the average worker be so warped? You sound like you see yourself way above those „suckers“, but in reality they are the backbone of society and should be treated with respect. You would have to do all the shitty menial tasks yourself, if it weren‘t for other people willing to do them

[@thebandwagoneffect]

“… then I have truly failed to teach you how money works.” He said it! He said the thing!

[@samsulh314]

Wow wow wow wow…wow

[@TroyRibao]

Well that was super easy, barely an inconvenience.

[@supchef5779]

That’s the name id the channel!

[@antoinesilva1527]

Vrabo How Money Works! This is the moment of a decade.

[@epickabelo]

Learning how money works is tight!

[@CaptainCsaba]

Some of my most deepest depressions came from me believing this bullshit from influencers. Thank you for speaking about this. People feel like shit because they have no passive income, while the truth is mostly what was stated here.

[@louisazraels7072]

I wish I was anxious about such trivial stuff

[@luisandrade2254]

The problem isn’t the influencers but your mindset who gets depressed because they don’t have passive income lol

[@wafercrackerjack880]

@@luisandrade2254 The problem is both. The influencers peddles stupid lies and people believe the stupid lies.

[@CaptainMattsWorms]

Agreed, true passive may not exist. Even without time exchange, there is usually responsibility and your name at stake. I harvest the "time" of animals for my business, while it can be passive and they are still working while I sleep, the responsibility of caring for these animals is real. But it is very fulfilling!

[@toddspangler6669]

You should Definitely trade your time for money starting out. You could then save, build an emergency fund, pay down debts and look for an investment or start a business on the side, but WHILE you're still working. That way if the business or investment fails, you still have the safety net of your job to fall back on. Semi-passive income exists (rental income, dividends, money from a business, etc.) but it takes years to build to the point you can then stop trading your time for money.

[@ciroalberto397]

How money works: the boring stuff like... Me an accountant: please don't say accounting How money works: ... Accounting

[@ThexXxXxOLOxXxXx]

🤣

[@diegomendez5512]

I feel you. I’m a fan of Excel and everybody thinks it’s so boring. But that app rocks! 😭

[@thomasreese2816]

So, you agree?

[@no_se_nada_de_nada]

it is boring tho.

[@HH1261]

Why you gotta highlight this fact tho😢

[@jerrykreutzer4326]

Kind of as a side note, "build skills doing a job, then start your own business using them" is such a simple concept yet the finance bros' kids buy into the bs and will rather try dropshipping for 5 months while making 4 dollars a week then get a marketing job

[@ThexXxXxOLOxXxXx]

Bro no one hire me in marketing or even sales 🙂

[@berry292]

I thought building a set of skills and then starting your business with it was the whole concept of hussle culture???

[@iraklimgeladze5223]

Sound like me. Will try to do dropshipping but the first I am learning website development. To build my own website for dropshipping.

[@10pmmemes88]

Just what the world needs: more gen Z marketers.

[@10pmmemes88]

@@iraklimgeladze5223 You and everyone else. It's the most basic and saturated 'hustle'. I know multiple unemployed losers who tried droppshipping, and got nowhere. Good luck though.

[@BioshockChicken]

Love all these people who think you can start a business in any industry or trade and have other people running it for you in a year.

[@NJdaniels96]

Or the people who think they can get a good deal on buying a profitable business that runs itself.

[@lucastonoli3256]

You absolutely can, I'm on my 7th business already, buying twitter next, wish me luck.

[@saulgoodman7858]

@@JPCommenting uh huh

[@l4kr]

In a year? You're crazy? I want it next week bro

[@oldmoney1022]

@@JPCommenting What are the best niches to try this strategy in? I wouldn't even know where to begin with this. My only skill is writing, and that's not exactly an uncommon skill.

[@BewareTheLilyOfTheValley]

The only time I think I think I could agree with a blanket statement of "Don't trade your time for money" would be if you spend so much time working, you're missing out on enjoying the people around you and missing special events. Or just not getting a break from work at all and enjoying life.

[@HighNoone]

So like most people working entry level jobs, on a part time shift so the employers don't have to pay insurance. Tbh trading time for this kind of money is trash. It's a trap made to keep you in place. There's not enough hours in the day to pick up a second job and sleep and take care of yourself. I did it for a year, got no sleep, made no money, got no where. I had to quit both.

[@chandy3859]

That is "trade your time for fun" very different stuff

[@gunnasintern]

@@chandy3859 trading time for money is still harmful because a lot of people are also missing out on spending time with their kids, and even missing out on sleep which is bad for us. yes trading fun for work is bad, but don’t forget that trading your mental physical health for work is bad too😦

[@IshtarNike]

This describes the majority of low paid jobs which make up a huge part of the economy.

[@IshtarNike]

​@@gunnasintern it's irrelevant anyway because it implies that you have a choice to just quit and do something else. In reality the whole problem is that with rent and bills to pay, dependants to take care of, it may not be possible to quit and do something else. If you're so tired you can't do anything after work how can you re-train? If you can't save anything because the pay is too low how can you quit in order to re-train? You're stuck. Employers know this at heart even if they can't admit it to themselves and they want things to stay this way.

[@ikarosouza]

Bruh, you can become a millionaire in a few years here in Brazil if you're a software engineer and get hired by a US company that will pay you in dollars. Selling your time in this context is one hell of a good deal.

[@jghifiversveiws8729]

Digital nomads do this already

[@chandy3859]

This reminded me that you can be a millionaire easily depending on which currency you use. A super high inflation can help with that lol

[@egorvodopyanov9264]

@@chandy3859 I think he means that working as digital nomad you pay no taxes unlike US residence who have to return 40-50% to the goverment

[@chandy3859]

@@egorvodopyanov9264 what i mean is that. For example using my country currency. To get a million rupiah you only need around 64 US dollar

[@k-yo]

A millionaire in BRL is definitely not a millionaire in USD. Also, not easy as it sounds. Being a successful senior software engineer takes a whole lot of effort, and you have to be quite resilient to the ever changing technologies you deal with on a daily basis. Not to mention the economy has to be on your side during all those years you leverage your work by earning in USD living in Brazil. Remember also that you will earn less salary than your US co-workers by being outsourced 80% of the time (If you are Brazilian like me, I suppose). Taking all those things into account, yeah, you can become a millionaire that way, especially if you negotiate earning some stocks with your company.

[@ChocolateMilkCultLeader]

This is one of the few finance channels that didn't sell out. Respect to you my brother

[@michaelamuquandoh6343]

Yet

[@UltimateEntity]

@@michaelamuquandoh6343 yes

[@baboon_baboon_baboon]

I don’t know man. He really stretched the topic into 13 minutes but it’s basically 4-5 minutes of content max. Since he’s past 10 minute mark and the initial premise is 30 seconds in so those are both signs of selling out in KZbin standards.

[@thepeatboggy]

He “sold out” in the beginning he said so himself, its just that he’s betting that a sort of counter culture finance channel to the mainstream youtube clickbait finance space is a good niche , he still does all the “youtube/optimisation” things like the way he always mentions his channel name and all his videos are stretched past the 10mins mark

[@KennethSee]

@@baboon_baboon_baboon I wouldn't call trying to actively make money on KZbin "selling out". He needs to be paid for his labor. This is quality content. Unless you're gonna send him a few buck, lay off.

[@danielschein6845]

Loved the dentist example. I once knew an orthodontist who wanted me to invest in his property flipping business. Straightening teeth has higher profit margins than selling cocaine or counterfeiting $100 bills but without the legal risk. Why anyone qualified to do this would do anything else was baffling to me. BTW - The financial model for his property flipping scheme was full of holes and he would have lost his shirt doing it. You can make a ton of money flipping houses if you know what you are doing and are ready to put in 80 hour weeks. He fit neither criteria.

[@megapet777]

yeah no idea. If I had that kind of income I would just roll the extra money into stocks.

[@trumptookthevaccine1679]

What kind of margin does a dentist operate with after operating costs?

[@danielschein6845]

@@trumptookthevaccine1679 They are huge. Think about it. When you go to a general dentist for a filling you and your dental plan spend a couple hundred dollars. The marginal costs for the dentist are the filling material (a couple dollars) and the salary of the assistant who spent half an hour with you and the receptionist who spent 5 minutes with you. If you got multiple fillings on the same side of your mouth they probably squeezed it into the same 30 minute appointment. The cost of a general dentist's office is all overhead (rent etc) and capital (one opetory probably cost $100K up front). Once that's covered, profit margins are enormous. I've never run an ortho office but they need less equipment and charge a lot more for the dentist's time.

[@trumptookthevaccine1679]

@@danielschein6845 yeah that doesn’t so high considering all of the staff, insurance, etc. I’d think a solo attorney can charge $400 per hour and get better margins. Regardless, it’s not higher than selling cocaine 😂

[@BikeHelmetMk2]

He could've saved up cash in savings accounts, then deployed it every few years when the market gets jittery, into REITs and preferred shares. Lock in 8-11% yields (normally 4-6%) and ride the rebounds upward to small capital gains. Takes a few months of practice and then you can allocate 1 hour per month to checking and seeing if your watchlists have anything interesting on them. Though, when the market sells off, it does become a part time job for a bit. If you aren't allocating 4 hours per day to the market during a crash, to deal hunt and find safe stocks selling off irrationally, then you're possibly not putting enough effort in.

[@2Sor2Fig]

8:55 - Thought this was the beginning of an ad read. I've worked as a programmer for 7-8 years now (33) and I fully agree with your assessment. Programming paid a lot more than being a teacher, and I only took Computer Science 101 in Univeristy because I needed the extra credit (it was that or do Math 201 and 202. Tried my best, but failed). Those 3 months were the most cost-effective use of my time ever. I think it's primarily due to the fact that computers are a universally useful problem solving tool for any business, you just need to apply it correctly and clearly communicate the business case for it. Much love from Zimbabwe.

[@anon2034]

How many rhodesian dollars do you get paid?

[@gianlucag100g]

@@anon2034 xd

[@2Sor2Fig]

@@anon2034 Lol, USD or no deal.

[@ThaatEpicKitten]

Thank you for sharing your experience! Not gonna lie, the ‘from Zimbabwe’ was a bit shocking for some reason ahaha. I’m just exiting my college and also finding that my computer skills come in far more use than any of my other classes.

[@thabanimaseko2482]

@@ThaatEpicKitten am too from Zimbabwe.. lol

[@johndeanconway7931]

After the corporate massive layoffs, I have defaulted on debts, my savings are lying waste to inflation and my portfolio losing gains everyday. It’s all leading to financial exhaustions and depression. These days I have contributed more in learning how to make extra interest on the side, Using my job to finance my goals, You can't be an employee forever!

[@davegustavo4726]

ensure you add value to your life first not always to your employer, everyone is replaceable. I am always making sure of this to ensure my own sanity and future security.

[@joerobert1801]

Big ups to everyone working effortlessly trying to earn a living while building wealth even after the massive layoffs. My wife and I we are both retired with over $2 million in net worth and all paid off debts. living smart and frugal with our money, made it possible for us this early, even till now we earn passively with our asset coach. Adapt to a lifestyle, be thrifty, set a budget, save money and build more streams.

[@joerobert1801]

Fine steps! you could also take advantage of some growth stocks at the moment, every pro is currently bagging some digital dips. For me, my coach Frost hilda my advisor has been using every opportunity to ensure I benefit, well positioned as I’m also privy to improve.

[@mondimlotshwa3958]

Protect yourself against your job, Run a side business or contribute to an open earning project streamline that is unrelated to your day job, that way you develop an independent skill against layoffs.

[@donnahensley2459]

I am not living paycheck to paycheck kellen but am feeling the squeeze from higher food, utilities & gasoline. I looked at my budget constantly & finally realized that I was paying too much for cable, internet & cell phones. It is a pain to have to renegotiate yearly but really saves money. There are places in the budget to cut & pay yourself first, really works.

[@kwisatzhaderach1458]

I'm broke, unhireable and over qualified and I love this. The whole finance bro sphere is always terrible.

[@scrappychildhood6633]

We in same boat I'm fired six times yet Have six college certfication 1 A+ cert

[@voidphoenix2991]

@@scrappychildhood6633 probably got out done by some hippie drop out that had insane social skills

[@TirnanHealy]

@@voidphoenix2991 You should be a writer 😂

[@davidebic]

@@TirnanHealy I mean, the hippie should clearly be the protagonist, who comes from a poor background and could not afford college, while Scrappy ChildHood should be a golden spoon villain who got his degree purely by priviledge. Welcome to your average Asian Company Fiction.

[@xaviar10]

Maybe get on that jihad and the job opportunities will come to you, Mr Atreides

[@tomjason2495]

The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.

[@sheliaswelttk2535]

in my opinion, the impact of the rise or fall of the U.S. dollar on investments is multi-faceted but learning how to grow your money has never been easier than now that you can explore and experience a truly diverse marketplace passively by using a well-performing portfolio-advisor.

[@williamskohler8337]

@@sheliaswelttk2535 I agree, having a portfolio-advisor for investing is genius! Not long ago amidst the pandemic crash in March 2020, I was really having inveesting nightmare prior touching base with a license portfolio-advisor. In a nutshell, i've accrued over $550k with the help of my advisor from an initial $120k investment thus far.

[@gabriellewilson5625]

@@williamskohler8337 The stock market is down 20% this year. Keeping my money in bank could be no good but investing is riskier, I wish to find better value deals as asset prices keep decreasing but lack the skillset, mind if I look up your advisor? I admit this is the only way for amateurs like myself

[@williamskohler8337]

@@gabriellewilson5625 Trying times are ahead, and good personal financial management will be very important to weather the storm. It would be very a innovative suggestion to look out for Financial Advisors like " Tracy Helene Aalvik, who can help shape up your portfolio.

[@davidnewbury1721]

@@williamskohler8337 I just looked up this person out of curiosity, and surprisingly she seems really proficient. I thought this was just some overrated BS, I appreciate this.

[@catsinpajamas]

It's interesting how the poor are always seen as lazy and unmotivated and not wanting to work, when rich people come right out and say to the camera that they don't want to work, and everyone treats them like heroes for it.

[@angelachanelhuang1651]

Cruisin

[@shaunrosenberg4568]

This is a video I need to bookmark and rewatch again and again. I've always wanted to make passive income, but I've had way more success focusing on my career then trying to get passive income.

[@luchalerae7687]

PAMM account

[@Adrik808]

Same here, people don't realize that working a good paying job at a good employer can be so great

[@perseusgeorgiadis7821]

Passive income only works if you already have a boatload of money backing it up

[@moazim1993]

Greatest investment is in your self. Health, education, relationships and happiness

[@garcjr]

@@Adrik808 You use that money to save, invest, go into Roth IRA accounts, and always take the 401K company match no matter what.

[@Evocatorum]

Gig work is a fantastic way of swiftly discovering that you're expendable and now broke too.

[@CMVBrielman]

I try to explain this to my family constantly. I suppose I could sold the time I spent trying to educate them working extra hours, and then use that money to solve all the issues they spend their time on…

[@1contrarian]

Bingo

[@OperationDarkside]

And reduce stress. Less stress, means more productive work, usually means more moneys

[@Im_Korzak]

people dont want to change the way they think. but things will never change if you dont mention it so you will need to judge it good luck

[@luizdevil6855]

@@Im_Korzak people will never change, because they don't want to. its you that can change, if you want to. when you realize that, you realize that what others judge and think doesn't matter to you. who cares if they think what you did was good luck. you got what you wanted, right ? so , fsck them.

[@Im_Korzak]

Maybe I didn't word that the best but thank you 😃

[@smithlenn]

Investing in alternative income streams that are independent of the government should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. Stocks, gold, silver, and virtual currencies are still attractive investments at the moment.

[@dawsondanny990]

I've been able to scale from $350K to $650K this red season because my FA figured out Defensive strategies to protect my portfolio and profit from this roller coaster market.

[@latanyaconlontl5849]

I thought about investing in the financial market, I heard that people make millions if they know the tricks of the trade, but I lack good knowledge and a strategy to outperform the market and generate good yields. I have $160,000 but it's hard to bite the bullet and do it.

[@rannyorton]

Fantastic! can u share more details?

[@dawsondanny990]

She's known as ''Julia Hope Marble. One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.

[@rannyorton]

She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.

[@stjepanhauser7595]

Great video! I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!

[@user-cb9kp1tx8p]

Passive income might not exist but low maintenance income does. You may not be able to change time for money but you can make your time more valuable

[@michaeldunn1754]

This. "passive" income is just dividends on the initial time investment that increase its ROI.

[@ulforcemegamon3094]

Exactly , get something that can give you good money while not requiring too much of your time

[@kofola9145]

It does. Bonds are passive and in case of government bonds, usually considered risk less investment.

[@l4kr]

@@michaeldunn1754 Then the stock crashes 60% and your few % of dividends are worthless anyways lol

[@michaeldunn1754]

@@l4kr passive income isn't a reference to stocks explicitly.

[@catsinpajamas]

Beware of advice from rich people. They don't like competition.

[@thebooduck]

"dOn'T SeLL YoUr TimE fOr mOnEy!!" Well that's a title I can't resist clicking on.

[@alexmikhylov]

well since I started working from home about 20% of my salary became passive income checkmate

[@hightiersmash4578]

Lmao

[@thoughts_empty]

That's my goal as well and I just wanna have it headache free in the future of getting a new job all the time, since it can be a really fun and yet still a valuable effort for society

[@lordolunch]

This is one of the only honest people on KZbin. As a person that grew up in a trailer with a single mom, and now makes well over 6 figures, I can assure you all selling time is still valuable.

[@MCLottotv]

Only if you're getting paid what you're worth or if you're being overvalued by your employer

[@wolfuck]

What they mean is get paid proportionally for the value you provide, such as salespeople with commissions. In MacDonalds it doesn't matter if you're the best or worst burger flipper, you'll get paid the same amount.

[@ThexXxXxOLOxXxXx]

True, sales's a special case

[@wolfuck]

@@ThexXxXxOLOxXxXx Also any executive or lead role, basically anything that gets variable compensation or stock options

[@SecondTake123]

I tell my grandmother and everyone I know this: The only money you save is the money you don't spend. If you spend extra gas driving to Walmart to buy cheaper groceries, you did not save money.

[@mattjcrane]

Better yet walk to Walmart and get some exercise

[@mockingconundrum]

so basically: -work more hours -increase your skills -if you start a business, do what you know and delegate everything else -invest in dividend stocks Did I miss anything guys🤔

[@angelachanelhuang1651]

you don't need to start a business

[@daviddavidson505]

My favorite wallstreetbets comment was "you know you can buy more than one stock, right?" I think the same applies here. If you have time to sell, you might as well sell it, and if putting that money to work for you is a great way to make more money, then do that too. There's no rule that says you have to do either or. You might as well be saying "don't go to the dentist, take your car to the mechanic." Why not both?

[@danieldelriodevora9373]

smart hhaha

[@RobGradyVO]

all you have to do to the people who say Don't sell your time is ask that person "How did you get into a position where you're NOT selling your time?"

[@jacobwilliam5473]

Successful people don't become that way overnight.most people see at a glance wealth, a great career, purpose-is the results of hard work and hustle over time. I pray that anyone who reads this will be successful in life.

[@velenziajohn7955]

Assets that can make you rich Crypto Stocks Real estate

[@iamagiantslayer]

You're right

[@iamagiantslayer]

You see many people remain poor because of ignorance

[@marydavid528]

@@iamagiantslayer Not because of ignorance, but because of too many scammers in the business

[@user-u818]

@James tunis You're not the only one that trade with Expert HATTIE LILLIAN SLOAN services my whole family does trade with him and Even my friends and neighbors here in Oakland California

[@NWJF]

The most toxic thing in our country is the ideology of "time...that I'll never get back..." Live in the moment. Use your time being happy. Im not "wealthy" by modern measures. I'm not motivated by money. And I don't regret how I use my time.

[@TheMoneyInnovator]

I generally agree. One thing I would say is the the 'hunt' for passive income can yield results in terms of people actually saving. Many people don't do anything so if they're motivated by the lure of 'passive income' they might actually change the way they look at money and saving. Which might ultimately lead them to your channel and hence- knowledge.

[@DrSamIAm]

Yes, the passive income videos I watched a few years ago were all: work hard, do overtime, earn every dollar from you job you can, spend less, save aggressively, and invest every dollar in passive index funds. In 20 years you should be able to retire early.

[@andyausman2139]

You get rewarded when you do something positive for others. Depending on what that is and how good you are at makes up how much rewards you'll receive. Rewards are metaphor for $ but it's not just money that's positive in life.

[@Kbarboza94]

I dropped out of college because I need to help with paying bills at home. I was working as a full time receptionist at a label printing company, got a promotion within a year to Prepress department, then to customer service, production scheduler and finally a sales rep at the company selling custom printed labels. I was in my final position for about 6 months, quit and then started my own business as a label broker. I worked at that printing company for 5 years, learned everything I could about label printing and then started my own business. I just put in the effort to try my best at whatever I did and was able to learn enough to start my own business. No matter where you are in life, I believe, if you just honestly try your best things will look up eventually. P.S. I was a temp worker in the shipping department before I was receptionist. We all gotta start from somewhere

[@maxschmidt666]

I do think its worth mentioning that you should not only spent time for money, but also for happyness - at the same time. So if you love to be outside all day, being a gardener or post man might be the perfect choice for you that makes you happy most of the time. Even though it will not make you wealthy. Same the other way around: Earning thousands a day in a job that you hate from the bottom of your heart leads to suicide more often than to a meaningful life.

[@Zack_Wester]

true but there used to be this trade and for many it actually worked. work at this job that everyone hated for let say 2 years and then you made so much money your could take this job you liked more, if you was frugent and put every paycheck into a saving account (whit decent/okey rate) you could even retire after 3 years there and some did.... did take discipline. now if you took the money from the 2 years and blew it on hockers and rolete that was a net loss for you. problem is today your given two option take this job you hate and make enouth for rent but no growth or take this job you like and after 5 month be bankrupt. another I hear is the Just invest 1 usd a month the compost intrest will mean your still on top. ods are it will not if you put 1 usd a month into the correct investment account every month from when you was 10 years old (12 usd a year). when your 30 (12x20 = 240 you put in) would have grown to maybe 300 if your lucky. sure we are sold a return rate of like 9% problem is that number requires a investment of 100 of dolars ever month every single month every year for several years. after that just inflation will turn that 9% into -5%.

[@taylardotson8100]

This is so right, happiness is worth more than money

[@lucieciepka1031]

Thank you for speaking out against that “work-shaming” culture. Mike Rowe from Dirty jobs once said in an interview, that buy shaming some professions and marking them undesirable we are reducing the potential job market and also those are good paying honest jobs and people should be praised for working them.

[@RealAlaskanDaddy]

Mindset of the wealthy is not obsessing over savings. It’s about building income streams … Passive income exists ( stocks, dividends, bonds, real estates, etc.) but it takes expertise and consistency to lock in profits and amass wealth. Only then can you stop trading your time for money!

[@LiquidityOcelot]

The financial markets appears to be deceptively easy, but it’s perhaps the most psychological business in the world, however If you know what you're doing. it’s a viable option to get a plethora of wealth!

[@StonksLifestyle]

I do agree with you! There is plenty of passive income, but you will always need active income to set up the passive income stream. It is important to spend some time setting up your stock/real estate first. Like the example of the dentist setting up some stock portfolio. If this is done well, it won’t require almost any time to keep it going, so the eventual payback will be huge over time, as the portfolio gets bigger, both from growth, and markets bonuses. This is the benefit of compound interest, and it’s definitely worth doing in the long run. Needless to say this is NOT what the online wealth bro's are selling, so you do have to ignore many financial channels to get the actual passive income.

[@Otis-the-III]

There’s no doubting the lucrative nature of the markets! I turned $7k into $85k last month however after some risky investments and succumbing to greed my portfolio’s been a mess and I’m stuck in a loop of losses!

[@RealAlaskanDaddy]

My 2 cents -get an advisor to keep you accountable and aid you make better decisions. An Investments advisor literally helps you create long-term strategies for building wealth and managing risk so you can have a strong portfolio. They also help you track, manage and propose the most reasonable investing strategy specifically tailored to your personal financial situation. This way I actively manage my passive income and passively manage my active income.

[@RealAlaskanDaddy]

I'm an advocate for having a diverse investments with my portfolio having exposure to different areas of the market, including small and large-caps of the ETF index, stocks and grade bonds. My investment strategy with my IA. Jack Ronald Joyce’ gives me the best returns even during recessions and bear market. It's been 15months of steady growth.

[@highflyer23]

It's not about passive investments. It's about leverage. Leverage is probably the most important aspect of building wealth. Period. This video just talked about capital, which is just one form of leverage

[@Logan-dk8of]

rich people: don't sell your time for money also rich people: time is money

[@daszieher]

Fully agree. We founded a business and guess what. We are regular employees in our own business with job contracts, salaries, weekly hours, and vacation. 😃

[@oliviaortega7904]

THANK YOU! I've been saying this for years, and I believe it even more now after working in the small business space for 3 years. For every multi-million dollar start up there are hundreds of businesses where the owners are working 18+ hour days to make what ends up as less than minimum wage. All because they "didn't want to work for someone else". Get a 9-5 and do a bit of overtime for some extra cash. Your physical and mental health will thank you.

[@slowrunn3r88]

Time is my most valuable resource. Lord knows how many times people have “encouraged” (pressured) me into getting involved with stocks, buying-and-renting-out property, etc But the amount of hours it would take to do proper research…and make the right decisions….when there’s no guarantee it will pay off…? I just don’t have the energy for that I’d much rather spend my time off doing things I enjoy, to give me the strength to go back to work, instead of wasting my time and energy……only to have to go back to my day job without being recharged

[@slowrunn3r88]

But I do agree with the point of “there are still times where it’s best to sell time for money”

[@markdamascus7878]

Every family has that one person who will break the family's financial struggle, I hope you become the one 😊

[@claresmithy4667]

Assets that can make you rich Bitcoin Stocks Real estate

[@leahmolly9150]

I'm looking for something to venture into on a short term basis, I have about $6k sitting in my savings

[@maxiecharles2842]

Now is the best time to purchase and invest in Bitcoin stop procrastinating

[@antoniolabrasca9069]

I advice everyone to start investing and never rely on just salary. No billionaire made it through salary

[@leahmolly9150]

I'm new to this Bitcoin trading, how do I get started with the help of a professional?

[@damonschilowsky8965]

I love these videos. It is nice to have grounded opinions that aren’t always trying to sell inadequacy. Keep up the good work.

[@angelachanelhuang1651]

don't make your life about work. life is about things you love

[@slivka_1]

I love that you always don’t forget to flame the “money gurus”❤ Thank you for your work and saving peoples money from these scams

[@abrtn00101]

Time to auction my time on eBay to the highest bidder. Gonna block it out into 10 minute sections for the next 20 years. 🤗

[@chrisperry3525]

Most gig workers have no clue that they're making so little per hour. I've seen this in photography - invest thousands in equipment and education and marketing to go make $25 an hour...they don't think they have any expenses. Or they make $10 for an uber trip and don't figure in the 3 hours they waited to get that trip, the cost of using their car, etc. Wanna make money? Hire someone for $20/hour and sell HIS time for $40/hour!

[@luisandrade2254]

“If you want what most people don’t have you have to do what most people don’t” it’s that simple

[@theintrovertedaspie9095]

Not really. Anything can go wrong. You can work and, put in the effort and do everything right ad still fall short.

[@J.Darwin]

thats all I want. Dont care about passive income, all I want is being able to scale and work on my own terms

[@johneldrickscruz]

For me, passive income is just something your transition to for retirement using the extra money you've saved up/invested. Technically, doing a job that pays out a good retirement benefit already ensures you passive income. It's crazy to me how oversold this concept of "passive income" is. It's quite impossible for the average person to manifest this idea without a good paying job (which is the easiest way to get a solid main income stream). I'm quite happy earning from my full-time job and just investing my excess money on 5% to 10% annual yielding assets. Nothing crazy like a 100% annual return. That's just the way it is. That's how passive income truly applies to the majority - slowly built up wealth over 20-40 years, supported by a well-paying job (or if you're fortunate, a traditional business). So passive income IS REAL. But like, at 20-50% and MAYBE 100% at retirement. 100% passive income pre-60s is only for the disgustingly rich. It won't work if you don't have enough money to make money. Just get a job and invest partially and intelligently.

[@angelachanelhuang1651]

my family followed our traditions.

[@Aro9313]

The paradox is that people who want passive income are motivated by the prospect of making money without working for it, but to get to that point you have to frontload a ton of work. I'd wager almost no one that intentionally seeks passive income actually achieves it.

[@ramahuy]

somehow i always laugh at hearing "passive income", because every big influencer in my country who promoting passive income, investment and get rich quick always end up in prison for fraud and scam

[@Felipemelazzi]

The title. The editing. The speed. The jokes. Your content were already EXCELLENT and now it's even better!

[@franciscodanconia4324]

On of my bosses at a job a few years ago was also moonlighting as an Uber driver. He was also a numbers nerd. We were sitting in a meeting room waiting for a meeting to start and he was working on his Uber spreadsheet. He broke down fuel costs, standard depreciation on his vehicle, etc. All told including tips he figured out he was making around $4.75 an hour, which is what I made at minimum wage in the mid 90s delivering pizzas (not counting tips). And this was a guy with a 6 figure developer income. Though is suspect that his motivations for doing it were more about being out of his house and away from his wife than the actual money. It was still enlightening to see what rideshare drivers made in a large city. I also know someone that’s a single mom that is currently doing Uber 10 hours a day in a car she leased from Uber. And is only making enough each month to pay the lease….

[@Default78334]

Stories like that make me wonder why so many people marry people that they seemingly can't stand.

[@franciscodanconia4324]

@@Default78334 Most times you can stand them in the beginning.... Later on, not so much...

[@typingcat]

So... How can she continue doing that job, if she earns basically nothing? She has already rich and is doing Uber just for the fun of driving?

[@franciscodanconia4324]

@@typingcat No, she's poor, she's just bad at math I guess

[@PremiumFuelOnly]

@@franciscodanconia4324 Or he is overleveraged and looking for easy money to satisfy debts.

[@matildarfierro5444]

Great video. you've reminded me of what someone once said ❤ Being rich is having money; being wealthy is having time

[@patienceeric3236]

[@emmamartinezs5046]

You're so correct! Save, invest and spend for necessities and a few luxuries relatives to on's total assets ratio

[@user-u818]

This must be an investment with Mrs Maureen K carr

[@simonkatz6789]

I invested in both stock and Cry ptő but I'm doing much better on Cry ptő with the favourable market price.

[@andreamfernando9485]

Such a wonderful personality, you’re totally a genius with your work and you have the best options.thank you for your help Ms Maureen.

[@imadeyoureadthis1500]

You need to sell your time for money to get to the level where you can get money (significant liveable amount) without selling your time

[@theintrovertedaspie9095]

Thats not a guarantee. Anything can go wrong. You may sell countless hours of your life for money and work really hard and still fall short. For some people by the time they reach that level they'll be old and wont have all that energy and strength they had when they were younger. Not to mention all the heath problems you'll develop. At that point they might as well be in retirement.

[@imadeyoureadthis1500]

@@theintrovertedaspie9095 of course it’s not a guarantee, it doesn’t mean selling your time isn’t a requirement for money (besides /inheritance/lottery)

[@NWJF]

The people that sell the idea of "don't sell your time" are doing just that. They are selling. They are making their income, with YOUR time. If I was making so much passive income. I wouldn't spend my time trying to "teach" people how to eat into my own profitability.

[@theintrovertedaspie9095]

Instead you'd spend your time the way you want to spend it. Nothing wrong with that of course. Btw there is such a thing as "investing your time" or "using your time". But those are POV ideas.

[@1stworldrefugee443]

Learning everything the hard way, I've learned a couple details omitted by gurus: be at the right place at the right time; know the right people; be a salesman, even in your personal relationships. These are things i can't fully or directly control. Also, if you notice successful people (the how Joe Rogan circle is a good example) there are aLOT of famous people who knew each other or had a common thread in some way. The average person won't be able to do that, but they can create their own circles and always try to pay it forward as much as possible. It won't make you a millionaire, but then again, I'm not interested in millionaire problems.

[@franciscodanconia4324]

I used to freelance a lot on the side from my day job. However I’ve found my time to be more valuable spending it doing things I want to do as I get older. I still do odd things here and there for extra bucks that I know are not the highest value use of my time, but are much less stressful than trying to do development jobs at 11pm before going to work the next day and do the same thing for your day job.

[@angryretailbanker5103]

I’m really glad that the message of the video wasn’t “Passive income is a stupid idea and doesn’t work”, but “‘Don’t sell your time for money’ is stupid advice and nothing but a fantasy”. I love the idea of passive income, but even that involves selling your time (and money) for money. I don’t think it’s emphasized hard enough that passive income does NOT mean passive activity (even with dividend investing, you had to work for that money in your day job unless you are a wealthy trust fund baby), and passive income streams don’t grow fully formed on trees. I understand and fully support the advice of trying to transition your primary income away from your day job. The reliability of a job is, I think, quite overstated. But passive income IS the Holy Grail of finance….which means you’re unlucky to achieve it without significant investments of time, effort, expertise, and money, as well as flat out good luck (born poor? Guess what? Probably not gonna succeed in building reliable passive income). If it was so easy and just required “a little bit of hard work”, as all the online financial gurus say, everyone would just do it.

[@arigutman]

The real problem today is that people value paper money instead of their time. Here is where passive income and investing strategies like dividend growth investing come in... it refocuses your lens to put value back onto time which is what matters.. Do you want to work your entire life? Or do you want to enjoy the time you have here while alive?

[@archravenineteenseventeen]

In my country where I live in. This thing doesn't exist and such thing like this is impossible

[@angelachanelhuang1651]

focus on stuff that you love, not the struggle

[@slaven18]

Starting your business is also trading time for money. In some cases trading lots of time for no money. Investing, especially if you are doing day trade, is also practically full time job. Only real way of not trading your time for money is if you build company in which you have ownership but somebody else runs it and you just collect part of profit every year. Or if you inherit nice chunk of money, invest it in stable fund and live from dividend. Third is you sell company for enough money to last you the rest of your life.

[@idiottv6499]

Overall great advice except for one thing, namely 7:55 - coding bootcamps *do not* increase your chances of landing a software engineering job. Actually, they slightly decrease it in most cases, because most of the courses are low quality and borderline scam, since while they often make promises about future employment, the specifics of the contract usually let them weasel out of this commitment. What does work though is applying for a job as e.g. manual tester or first line support - barrier to entry is much lower and the jobs have a clear career advancement path. You can pivot into programming later on, once you familiarize yourself with the work environment. Or just stay as a tester, because a good QA specialist is worth their weight in gold when you take into account the impact some bugs have on a businesses bottom line.

[@aceofspades9503]

QA Software Engineer here and I can confirm. I started as a hardware troubleshooter and then spent a chunk of time on a service desk- both entry level positions but both taught me a lot and also allowed me to continue to learn on my own. Using what I had learned I was able to jump into a software development position as a QA. I make a decent salary and I generally work less than 45 hours a week. And the jump in my income from Support technician to QA Engineer was way more, way faster, than I would have gotten following any passive income schemes.

[@patricklippert8345]

Glad someone said it. I did 2 bootcamps, one was free and the other was one I had to pay for, took them in cities with good tech markets and both times, neither lead to a better career. So I've got degrees and certs out the ass but still working in low paying jobs I could have gotten with a GED. Then assuming my resume does get seen by a real person, they're going to see a string of unrelated deadend jobs with no progression and assume I'm an underachiever.

[@Zack_Wester]

@@patricklippert8345 yep if your planing on getting a cert/boot camp do it through the company. because oh you took on your own a 500 USD cert in Projec Exelon we will offer you as incrase in 5 cent per hour at X. working at X and pitching that class/cert and you easily make 1 usd or more from that cert because they want you to have it and its that they need you to have it.

[@katec9893]

​@@patricklippert8345Can you get an IT help desk job and work your way up?

[@soffiyanomeefano4128]

QA here too ❤ love my job too since its WFh

[@shahtayyib]

The pettiness in the title is golden 😂 It's really a breath of fresh air to see someone talk about money without trying to sell you a philosophy.

[@astrothsknot]

For all the people who say, start your own business doing x, i point out that if i get a second job or work for an agency, i get paid more, paid consistently and without any risk than finding some nonsense crap to sell. I also point out that aggressively staying on top of your finances is like giving yourself free money. My car insurance was going to go up to £850 from £600 at renewal - nothing had changed. I don't pay no loyalty bonus, so thirty mins on a comparison site, a phone call to check some details and my new insurance was £500 for the year, same cover. Whether i saved myself £100 or £350, it's still a good return on that thirty mins. My parents reckon I've saved them about £4k since I started sorting out their ongoing finances like that.

[@RogueReplicant]

So a business consists of some "nonsense crap to sell". What an ignorant statement. Keep wasting your time pinching a few pennies off your insurance, peasant.

[@alpree]

TL;DR You need to GIVE something to GET something. You either give your time or a significant capital that will provide a significant service to get money. To get money with the 2nd option you need to ALREADY have the money and you will usually give a lot of time. Theres no such thing as free money.

[@PowerofRock24]

There is no such thing as "free" money, but you can make your money work for you. Investing £100p/m into an index fund is achievable for most people. It won't make you a millionaire, but you will have a healthy retirement bonus.

[@kaisawhatever4443]

Passive income put ads on your video lol 😂

[@ketankulkarni7938]

That "Trading your time for money" speech is a way they get lazy people excited. Many full time workers want to quit in a heartbeat & they need someone to tell them that. They look up to these influencers to push them to finally do that.

[@MISSMADISONMEDIA]

Lazy? or burnt out and desperate? There’s a difference

[@dwaynezilla]

"Passive" income is just another term for economic leech. You could make passive income by enslaving someone, I guess. Or maybe wage theft. Or a pump & dump grift. Sure I would like to make millions for nothing, but so does everyone, and that's not a foundation for a functioning economy. These people are a blight on us all.

[@Scott-by9ks]

Well, passive income is a misnomer. It mostly describes income from the things you own not the work you do. But that income/capital had to come from somewhere. So at some point in your life you had to earn, borrow, or be given that capital, so it's not like it's free.

[@happysmash27]

I can think of another way: Passive income from something one creates that is automatic, like a website.

[@vinzegcs]

Trying to build passive income is great as long as it doesn't screw up your day job.

[@knuckleheadwestwind3585]

“Don’t work just make others work for you”

[@xxdeathxx9836]

Investing takes time, selling takes time. Making money always takes time.

[@PowerofRock24]

Investing doesn't take much time if you setup monthly recurring purchases. Though tracking your wealth will always take time.

[@2_B_B]

I think this video might’ve just made me a better business owner and to re-think what I’m using time for and what I need to outsource. Genuinely, Thank You.

[@Viviko]

The economy we live in is all about selling and buying. Starting out, all you have is time. So, that’s all you can sell. Later on, you can sell other things such as inventions, expertise, etc… So, that’s just how I look at it. Whether it is you are selling, as long as there is a buyer, go knock yourself out.

[@mrspeigle1]

The way i was taught, active income, passive income. When you start life you need to focus on active, as your life progresses you begin to move tward passive. By the time your unable to work your passive income should be enough to live on. Currently i earn enough dividend income to pay for food if need be, and that grows a little more each week.

[@END30000]

Passive income does exists just extremely hard to come by , you still have to work a normal job and build from their.

[@MaxPicAxe]

Finally! I've always been wanting to say this to people and I'm glad you made this video.

[@sopaipillapesadilla7023]

I don't understand the whole dentist/doctor example; if a dentist invests his extra money into an apartment building, yeah it'll take time but he will eventually get returns on that investment in the long term that require no time(passive income). Whereas "taking on a few extra cases" is not really possible. i mean hello? they are medical professionals, they can't just do one extra surgery after a 24 hour shift, with no breaks? dentists and doctors get paid a lot but they can't just overwork themselves, that's why they invest into a different kind of area....I really did not understand or agree with that argument at all.

[@hoangle2483]

Agree with u. Doctors, Engineers with excessive capitals looking for investment firms to manage and growth their wealth happens everyday and extremely quite common. In your case, it literally much better for the doctor to find a reputable Reit firm and have them buy/manage the apartment complex for him to generate wealth. No way in hell "taking on few extra cases" gonna generate the same amount of money as a 10+ units apartment complex with full occupancy. Moreover, "taking extra cases" mean even less time the doctor can spends with his family and personal time. How the hell is that OK ? Whereas having a managed apartment complex can create actual passive income and open up free time for him to be with family and hobbies. This dude just make some weird, nitpicking point to justify his already weird "9-5 is better" statement.

[@sopaipillapesadilla7023]

@@hoangle2483 yeah, he didnt convince me that passive income doesn't exist. And the doctor example is really ridiculous. They already work notoriously long shifts and can't just do another surgery or attend more patients when they're working 24 hour shifts. And same with any high wage worker, your productivity simply stops increasing after certain hours. Quality of life amd quality family and free time are super important too!! But I do agree that an investment still requires time, even a good landlord should be attending his properties which means sometimes at 3 am your tenant has a leak and you gotta call the company to fix it and even take time off your regular job to fix stuff. But overall the video uses a shit example lol

[@musecle]

This man needs a raise for putting out good videos like this 🔥🔥🔥

[@AugustusAsgeir]

Learned this a couple years ago, there's the myth that people should just stop working n go to this " passive income " can be more of a headache than anything in some cases. Everything is some sort of exchange, really appreciate this video

[@thatundeadlegacy2985]

Lets not watch how money works because we're not making any money,

[@mcatower]

This video contains better advice than all the financial gurus combined. Thanks, man!

[@Sllee93]

Mad respect for this content!

[@roman7954]

No way this video says investing is a scam in the intro and then promotes a LITERAL SCAM less than two minutes later

[@matth8924]

I’ll take a reasonable chance of moderate success over a .00001% chance of being a billionaire any day.

[@scootergirl3662]

The thing that’s always bothered me too about the passive income thing is that it feels like an extremely macro level MLM. It’s not sustainable because at some point you need people to do certain tasks so a lot of the marketing that these influencers use tends to feel like an MLM- that is they try to make you feel like you know something that everybody else doesn’t To everybody

[@EmpressxAllison]

I don’t care about trading time for money as long as the money is worth it.

[@obviouslyurnotagolfer148]

Love you info, thanks!

[@SimGunther]

Any income is active in some way. You just have to look at whether it's work upfront or work over a certain time period.

[@noblephoenix6151]

Absolutely. The "passive" models just focus on utilizing the time that you are not present. It's like building a well vs a water catch. One you build and have to draw the water up the well. The other is gravity fed and the water is drawn whenever it rains. Both require up front time, but one requires input for continual use. One is not always better than the other. The real question is always "what's the profit vs cost". What will get me the most water (money in the analogy) for the least cost of time and resources, now and into the future.

[@theintrovertedaspie9095]

Why is it called passive than if your still active in some way or another?

[@mikea5745]

You should do a video on the perverse incentives of social media companies to allow bots I counted at least 15 spam/scam comments out of 84 on this video alone, and Google rather intentionally allows them to continue thriving, because it would hurt their numbers to get rid of them (much like other social platforms)

[@lavandolouca6630]

Time is non reversible while other assets are not You cannot sell your time. Your time will consume itself one way or another.

[@ContinuumXT]

Absolutely right. What am I going to invest without money? Starting a business is risky esp when you're young and without experience and a lot of hard work! Start improving your skills and then get personal financial advice. Helped me a lot, I've got a plan. I'll start investing when I've saved enough. Balance enjoyment now vs long term benefits. All starts with what you find important.

[@hopelessdecoy]

Don't sell your time for money.... Sell established titles lol

[@whatisrokosbasilisk80]

> A programming bootcamp could get you an entry-level job as a software engineer HAHAHAHAHA

[@workandplay717]

Far from the truth

[@workandplay717]

Far from the truth

[@yoshimitsu1977]

What I like of your videos is that you always made clear that make money is a job itself.

[@cesarsanchezgutierrez3064]

After years of trying and following these people to the tee, I’ve come to confirm that wealth is a boring slow and active. Contrary to what ANY guru out here told me and still try to push. And yea passive income is never really passive. Rather your hours become sought after, this valuable

[@abetts123]

I think of it this way: 2.5M dividend portfolio means 100k/year. So better off working a little more and investing it