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Passive Income is a Myth

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Nomad Capitalist
Nomad Capitalist
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Published on 05 Sep 2022 / In People & Blogs

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People who want to get ahead and succeed in their lives and businesses don’t sit still. That’s why passive income is a myth. Nothing in life is passive. Some people who own rentals, perform equipment leasing, or own real estate may argue that statement, but even that income is not technically passive, anyway.

In this video, Andrew shares a video from Gary V and explains why he thinks passive income is a myth.

00:00 Start
0:21 Passive Income
2:48 Gary Vaynerchuk - Earning "Passive Income"
6:13 Passive Income is a Myth
8:00 How to Become an Entrepreneur
12:08 Capital Gains Tax
16:00 How To Become Rich
20:00 Selling Books

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Andrew has started offshore companies, opened dozens of offshore bank accounts, obtained multiple second passports, and purchased real estate on four continents. He has spent the last 12 years studying and personally implementing the Nomad Capitalist lifestyle.

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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.

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