Design Your Dream Life Through Passive Income | Alex Szepietowski | TEDxUniversityofYork
ฝัง
- เผยแพร่เมื่อ 22 ส.ค. 2016
- Alex describes his experiences as a young entrepreneur and the steps many others could take to follow in his footsteps.
After interning in every industry he possibly could, Alex realised that, more than any job in the world, he wanted to be his own boss. In 2012, without money or experience and in his 3rd year of PPE at York (Derwent College), Alex read ‘Rich Dad, Poor Dad’ and decided to start investing in property. He spent his student loan on learning how it was done, and 2 years later owned 24 houses and won a few national awards. Alex is incredibly passionate about inspiring others to believe in themselves and forge their own path, irrespective of their circumstances, or what ‘the norm’ dictates!
This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at ted.com/tedx
![Mirrr x BUS5 - กี่เหตุผล (1000REASONS) [Live Session]](http://i.ytimg.com/vi/6Ta00hFr2qU/mqdefault.jpg)
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.
Big moving stochastics are not the secret to high returns. It involves controlling risk in relation to reward. Putting on the proper size and spinning your edge as many times as required to achieve your objective. That is valid for both day trading and long-term investments......
@@chrismillson2779 I've been able to scale from $50K to $189k in this red season because Susan Agnes Hancock my Financial Advisor figured out Defensive strategies which help portfolios be less vulnerable to market downturns
@@feliciacameron9531 do you mind hooking me up?
@@gracesdonny1532 she was in the news when she revived Grumac in 2018. You can look her up online, there isn’t much I can say here so it doesn’t seem as if i am promoting an agenda;;;;;
This is a great idea using bots to drive traffic to a specific financial advisor!
I started my side hustle in June 2018, and today, it makes me more than my active income and still growing, and I am a software engineer in Cisco. And this income is completely passive. Kudos to me.
Hey. Could you say what you do to generate money thru passive income? I just finished high school and i need to save money for college. A help would be highly appreciated.
What is the side hustle that generates so much income if I may ask
@@Yanimalyan I build software projects and courses, and sell them online.
Around 14:30 he mentions rich dad poor dad. That book is meant to teach you the mentality, the execution is up to you. I’m glad this man is spreading this information.
the only book that i keep avoiding i don't know why! thank you too
I read Rich Dad Poor Dad years ago. Read above what has happened to me!
I like that expression:
"Before you start climbing the ladder... be sure it is leaning on the right building."
Herein lies the failure of all those who hate what they're doing... after 40 years of doing it.
WOW. A young man talks about creating a vision of life that isn't just about survival and everyone here rips him apart in comments. I loved the talk. This is exactly what my husband and I have done over the last few years, focusing on building passive and residual income and this young man is brilliant. Awesome. Thanks for the talk. Love the passion. More people should open their minds to what is possible
will you please tell me how to do? ,what you are doing.
Laurie, there are lack of motivation. "Big WHY?" is limited, it always be this way. 1-3% of population will be max.
Laurie, it's so refreshing to see an "I did it too" comment here. Realize though, that the folks whingeing are our tenants, right?
Laurie Proskin, your part of the 5%. You actually listen and see value in people. Keep that up and youl bless many others who do the same!
Next Tedx talk geared to girls 6 to 12: What Would it be Like to Have Your Dream Pony? - What are the advantages of having a dream pony and the disadvantages of not having a pony at all? How does it feel like not having a pony, because I've got a bunch and its great...
"You can live infinitely forever"
This quote is why people are so drawn to this movement.
I am sorry to break it to you. Everything will one day burn and you will live forever, choose wisely.
God bless 🇺🇸
I’m here 3 years later and I actually just wrote in my gratitude journal today about 10mins before this video popped up. “Thank you for me learning how to make and create passive income.” I haven’t searched or even thought about it until today I just thought oh well that’s something I want to learn how to do. So that’s confirmation that thoughts/desires turn into things and you attract things with your thoughts/desires. There are a lot of negative comments here because of one reason or another people dissatisfied with what he said and there’s nothing wrong with that but you could also just use that same energy into finding whatever you were looking for here instead of spending it on here. I actually loved his talk and think it’s worth listening to. It’s up to you to figure out how to actually do it. He’s letting people know that it’s possible to do at all because most people are so programmed to think you actually have to work or put in a lot of effort to earn money. As well as asking people what would they do if money wasn’t an issue? Because that’s the Golden question and it’s actually what you’re supposed to do and should do. People are all like that’s unrealistic and risky but forget how short life is and how you can always just get a job if it doesn’t work out anyway. And for those saying if everyone made passive income then no one would be able to make money that’s not true. Even passive income makers need to buy stuff and do things. Like watching TH-cam, TH-cam is passive income for someone and another passive income maker can watch their video and they both still make passive income. If you don’t like it or what he says or how life is be the change you wanna see in the world don’t just complain about it because you’re adding to the problem not the solution. 💖
This does work. If you hear Alex speak, he is the most gentle and trusting person you can think of. He is so true to himself and his values, he does really want what's best for everyone around... Incredible experience hearing to his webinar tonight
The more work you put in the more rewards and opportunities come your way, that compound effect really struck a chord with me, because that's exactly what it means. You have to be actively direct selling and getting out there, not just watching loads of videos or reading loads of articles.
Some of the points that I liked the most are:
- eveybody can achieve everything
- what would you do if money wasn't a factor
Successful people don't become that way overnight.what most people see at a glance-wealth,a great career,purpose- is the result of hardwork and hustle over time.
You're right ma
Thanks for introducing me to expert mrs jane rucker rutledge of financial education
Most people don't invest due to ignorance
People are scared of investing because of the high rate of scam in the business
There are scammers but real brokers are out there for investors
This is what I been thinking... A day or series of days you get up and say I don't want to go to office and sleep back without saying anything or thinking anything... that experience will be an awesome.. and more awesome to think what all you could do when you have all time in the world.. all well said....
for those that do not know about passive incomes this talk is an introduction regardless of whether he makes money from it or not
I think this video can motivate people to start thinking about those important questions like "what would I do if money was not a problem" or "what are my life goals", but there is nothing more to it actually. There is no concrete information at all of how to achieve a passive income. It's rather an advertisement for his web site and the services he offers.
"2 years later 'owned' 24 houses". Thanks for the giveaway clue in the description that this is a bullshit waste of 15 minutes. And thanks to the people who commented previously for confirming it.
In order to have 24 houses in 2 year he would have to use so much leverage that he'd be wiped out in the next downturn. Unfortunately, I also watched the whole thing and therefore lost 15 minutes that I'll never get back.
FrogSqueal I run a small business, and have increased production capacity 10 fold in the last 4 years. But that was done by careful and realistic planning and by funding the growth through revenue instead of leverage. You CAN accomplish a lot, but you also can't take shortcuts either.
+FrogSqueal thanks, I think you're right.
Don't dismiss the big picture here by being stuck on owning property or rental homes. There are many, many, MANY ways to earn passive income- real estate investing being just 1 of them. You don't have to own 24 houses to achieve it. Sure you can earn passive income through larger investments: commercial property investments like Santé Realty Investments offers, commercial bridge loans like Woodbridge Wealth offers, or life settlement funds. OR you can start small by renting a spare room through AirBnB, writing/selling a book through Book In a Box, or even creating/selling an online e-learning course through a platform like Udemy. The overarching theme of monthly passive income > monthly expenses = financial freedom is one that NO modern CPA or investment advisor teaches. It truly is the key to designing a dream life.
William DeShazo Well put.
How did this get so many likes? He basically spent 80% of the video building up to what he was supposed to tell us - which he didn't even really tell us.
As all Passive Income marketers do. @14:00 "Dont think about the how, think about the what life would be like if you had £50k a month"
UM - TEDx is about the HOW stuff got done. Cant believe a TEDx got used as a massive advert to get people to go to his website.
ukGav zlmnanxb 🙃💼👌😁😁😁😁😆😆😆😅😘😅
Ryan Connaughton And another 5% smacking his lips
One of the things that a lot of people don't get is that half of how to do this stuff is by having an attitude like his. It's about how you think about that stuff. He showed us and pointed towards things to look at. He said "Here's how you get started, but you have to make the specifics of it work yourself"
Keyzer4 k
I had basically no money, two years later I owned 24 houses and paid off all my debts. Ok, thanks for telling us how you did that.
you are legend, thats fast achivement
Lol he didn’t. He sells courses. I know because I went on one with him selling this model. Cost me 4 grand. Out of my group literally nobody managed to get a single house. Biggest waste of money in my life.
LMFAO stop it
I dream of a world where people actually make useful, positive comments about things they learned from this gentleman and other speakers rather than making a bunch of negative comments like many made here. This speaker, Alex, is giving his advice based on his experience, Use, it or don't use it. No one made you watch it. Find the positive and move forward, and you will have benefited. Merely making negative comments serves only to keep you stagnant.
Ok for those who've never heard of passive income. After reading the description I thought I was actually going to learn something. Good on him for getting the platform, public speaking can be tough when you're new to it.
If you have ever seen a get rich quick video, you really don't need to watch this one.
Ming Mongo this is not a get rich quick video
Tuguldur Altantsogoo Why do you say that? Because the guy said it's not a get rich quick video? Ha! I've seen a lot of get rich quick videos, and this is one of them. It's not even a good one.
I'm currently earning significant income passively. His concept is correct, who cares if its labeled a get rich quick video or not
Ming Mongo concept of passive income is the important massage to absorb from this video. He said that he owns 24 income properties and he was able to pay off he's inverstors in a very short time. i guess he made some smart investments. How is that "get rich quick video"? Even vending machines can be passive income.
2 years for 24 homes, yep get rich quick. He had investors and someone willing to let him co-sign loans. No way a bank would lend him at so young with no job. R u kidding me!
"To cut the long story short.... I have 24 houses" Oh ok.
He's an Underwear Gnome.
Pretty shocking that he doesn't say how he got this portfolio with starting with 'no money'. You have to wonder why he doesn't say ANYTHING about 'how' he apparently made money from nothing (except "because property"). He seems nice but perhaps his real talent is being a 'nice' self-publicist. This whole talk is about 'get free income for the rest of your life' starting with no money, but doesn't say how.. except read a book? He should have just called the video 'read rich dad poor dad' and saved us the time watching the vid.
he says I took my student loan money . Later he says pays back borrowed money
+Donna Kelly Actually he didn't say he bought real-estate with student loan. He said paid for a course with it. So that was spent on a course of education. He also said he had no money. This is what I mean, he's hiding facts, and why hide facts? Because they're detrimental.
Anyone got good books to read ? )
Our beliefs should never slow us down- but, it's probably true: the older we are, the more difficult it is to change ourselves, even though we realise that we are not happy at this point. If you hate your job, it's just about time to take action.
I think, people would do so many amazing things if money wouldn't have been a problem, and they would have been so much happier!
What we should really change is the way of thinking.
Very good talk!
its frustrating as to just how relevant this guys talk is to my life prior to the self funded education and investments., uneducated in a lot of fields, experienced in a broad variety of others and with no idea where i want to head next. im at that point where after many jobs and being 25 not working i have all this time because i cant afford to do much, but trying to think of what i can do with the things i already have. and turn them into something creative and interesting for me, as well as others. or maybe i should just become a motivational speaker. YOU CAN CHANGE!!
no, no foolery.
on a side note i enjoyed this talk i give it a 8/10. witty entertaining, inspirational, however was a bit of a repetitive you can do it if i did it... okay but HOW?
I don't often vote stuff down, but I make an exception for this.
The implication of what he is saying: with only a student loan & a credit card, he educated himself and enabled himself to buy 24 houses in 2 years. This is impossible. He must have had capital.
Maybe rather than treat us to all this meaningless waffle and salesman's spiel he can explain how he actually acquired the 24 houses? That would be rather more useful.
Ian Watt What he did not describe was that he was in the right place and the right time to identify opportunities by taking a risk with his seed money. If he described exactly what he did I bet you would change your mind.
Thaylor Harmor Maybe. But as you say, he doesn't talk about that. His choice. But he does talk about affiliate marketing and pyramid selling, which makes him sound like a seller of get rich quick schemes, which does not impress me
5:25 "I paid off every investor i borrowed money from". So maybe he got most of the money from investors
I think investors = mum and dad, to work as an intern at all these corporations would imply a middle class background and access to funds to support him... Not dissing on him, sounds like he put a lot of effort into developing his plans to gain financial security, but I expect he already had it.
Marc Mandel "investors" "wealthy family members that don't hurt after throwing 20k to a 20 something" all men are born unequal.
You CLEARLY see that hes a passive worker because he literally made no presentation but rather decided to only speak (not even freely).
"Anyone can do it!"
But everyone can't. If everyone went into passive income from real estate, then no one would make passive income from real estate.
Everyone can but everyone wont because they are like you ;)
Everyone can but most are locked in the shackles of their own mind
He said anyone can do it , not everyone and he was referring to passive income generally.
"Didn't have the headspace to consider other things".. wow, that is so true when you work really really hard all day. You can't even imagine what else you would do, and if you get a break, you can't function as an enterprise.
when he said he wasn't going to go into the details of what you can do, I can see why there were dislikes at that point.
30 years old, make around 42k/yr.
If i lose my job and keep my 3 roommates, i can live at my current living standard forever, and in a few years, the standard will actually go up when the house is paid off.
Joys of saving 65% of my income for the last 5 years
Christopher Banacka When I lost my job in 2004 I got two roommates that paid my mortgage.
Not if your roommates also lose their incomes. Which, all things considered, they probably will and then you will lose your house to a bank which owns the "free" market and the "peoples" goverment and right now your house. lol
Minimize your expenses and invest your savings. That is the simplest and most reliable route to financial freedom. Props, Chris! It's not an illusion. Financial freedom is real to those who value freedom over consumerism. After 12 years working for the same employer, I lost my job at age 36. I can honestly say that I now have the best boss that I've ever had -- ME!
SECK If i lose my roommates and i keep working, no big deal, or if i wanted i could quit working for like 5 years and still be fine.
Roommates were in investment by buying a 180k house at age 20. In 5 years of having roommates i have collected around 60k, so 30% payback in just a 5 years of collecting on it.
***** 12k/yr cash flow plus you are building up equity instead of paying rent. Bravo, Sir! Do you read 'Mr. Money Mustache'? It's a blog for guys like us.
I've got some very minimal passive income from Etsy with digital product sales and it's fully automated. Haven't touched it in almost a year and I've consistently received around $60 every week and a half and it is the greatest feeling in the world seeing those funds added to your bank account
“I read rich dad poor dad by Robert Kiyosaki and realized my degree taught me nothing about making money”
Yeah that very true but I was able to learn to be very creative and positive through that book, now I am a millionaire after investing in forex trading and bitcoin investment.
Not everyone can achieve passive income and because of this fact, passive income presents a moral dilemma. A real life example of passive income is a relative of mine who owns hundreds of rental properties. The mortgages were paid off decades ago and now he earns millions in profit annually. This is a prime example of utilizing the capitalist society AKA the American Dream. The problem with this dream is that if all the tenants paying their rent attempted the same strategy by giving up their manual labor jobs, the foundation of society would start to crumble. Some people have to do the dirty work for the benefit of the rest of society... We can't all lie back and let someone else make our money. I'm afraid to say that it takes a certain "looking the other way" mentality to let someone else slave for you, but hey, it's the stuff this country was built on.
he said "anyone" not "everyone"
Anyone can do it, so true. Starts by making a decision.
Courage. Burning the boats. Taking on the Jump to one's desires. Learning the trade. Faith in success after the work. One's ultimate goals therafter. Thanks!
What a jeb-end. He was in the right place right time. He is about 10. I have seen many people make excessive wealth. You know what I realised, right place, right mindset right time. For the rest of us we statistically miss the boat.
This video offers what 99% of other "passive income get rich" videos do - imagine what your life would be like if you had passive income, without giving any of the strategies or insights whatsoever. As someone who earns passive income for years now, this is what bothers me the most: "imagine you lose your job and don't earn any money anymore". Yeah, so its IMPOSSIBLE to lose your passive income source then?? I've seen more than enough people who earned passive income for like 6-24 months before everything collapsed. Just too much "the world is a happy place" stuff in this talk and too less reality.
In all fairness, its a Ted Talk so he only has 15 minutes. The best thing he can cover in those 15 minutes is the WHY.
Agree 100% I am recentlyout of work and have been looking for passive or non passive online ideas and the internet is full of BS artists then not. A lot of talk and fluff with no reality.
Yes, those of us who have done real estate investment have experienced the problems as well. Nothing in life is perfect, but to make progress toward a goal builds confidence and increases the likelihood of long-term success.
Investing in shares bonds will also provide you with passive income nothing is free and to sustain passive income you should be active to some extent even in that case you will be working to earn that but efficiency will be more compared to a job but that will take years may be 10 for some 20 for others but you need to consistently invest it doesn't happens overnight you need to have knowledge and consistently search for opportunities. Hope you understand what i am saying and it helps you
Brilliant talk. Well done. One of the best Ted talks I have ever seen; Truly inspiring.
Good God! 4min into the vid, i had to look up the comments!
And damn! thank goodness I looked up the comments.
I cant figure out what i need to be in life...i like doing new things and get bored after sometime
That is often the exact mindset of people who enjoy starting up businesses, getting them up and running, making them profitable... and then selling them for a huge profit... and then starting a new venture in a different business.
Stop thinking about what you “want” and start thinking about what’s going to make you wealthy
Ditto!
This is me
@@charlesg7926 Bad advise. Even when you want to make money.
Grow expensive plants = passive income.
Plants grow, you sell.
MARIHUANA
No, hemp? LOL
Police come - assets= negative wealth. Not sustainable.
You have no idea how much work there might be around plants....
All passive income jobs come with a hard work at first. I doesn't just miraculously happens
Thank you. I will try this, though I dont know where to start, and I have alot of limiting beliefs, and whilst I cant think about the risks of not having a passive income, and I can't envision a life with it. I will put aside half an hour a every day or so, and research this, write about it, and think about it. Thank you, Alex.
"Before you climb up the ladder, make sure it's leaning against the right wall!" Love Stephen Covey!
from no money to 24 properties in 2 years...I want to know what bank gave a student 24 mortgages in 2 years or did I miss somthing
Tunji Bamgbola a half decent credit score, a down payment and a well thought out business plan. the entire existence of a bank is to lend money and earn interest.
it could also be creative financing or owner financing, someone who is looking to get out of the business but owns the property and finances it while collecting interest instead of a bank.
The Bank of "do you know who my father is?"
now he has 24 mortgages, tax bills, property manager, a few handymen...so after all is cleared making money after 15 years of no catastrophes and major failures like roofs, ac, fire etc.
True.
Can we start labelling some of these TEDx Talks videos as clickbait? Thank you.
The question he asked around 11:40 reminds of an Alan Watts piece that forever changed my perspective. It’s a great question to ponder to get to the root driving factors of your being.
Hello Alex. I enjoyed your video here. You mentioned that there is 60-70% of people that do not enjoy their work. Here is a story I like to share with you. I got into my car and turned on the radio to listen to some music, the DJ had a story to tell for general interest. " 97 % of people hate their job" he mentioned. Yes, as I listened to this story it took place on my lunch hour while i was in high school, grade 12 in the summer of 1982. Also I like to share another story Alex if I may. After I graduated from school (1982), I went to college for a technical trade. September started off with 30 students. After three months I found this training not to my liking as I wasn't technically oriented mindset. About five years afterwards I met a fellow student that had graduated from this two year training program. Out of 30 students, three graduated, only one of the three stayed in this career. So, out of 30 students, one stayed in as a career. This was in 1982, so you can imagine the ratio not only in this career path but others as well. Whether 60 , 70 or 97% of people do not like their work/ career, that is a lot of people that are not happy in life. So you can also imagine what their home life's are like as well. You spoke well in this video and I look forward to hearing more from you!
I love how people say oh buy property become a landlord!! And youl make money! Even if people had the $$ a good portion of them don't know what it takes to be a landlord. Better have patience.. Because dealing with renters is tough then there's the maintenance and the paperwork.. The insurance... Yes you can make money..... But if your going to pay everyone to take care of things for you... Your better off working for someone and get paid weekly.. Less headaches. There is no free rides out here.
My company offers 10% fixed APR to private lenders who work with me on Buy and Hold Real estate deals across the US. Literally all they do is lend the money and sign the contract and they get fixed returns paid monthly. No headaches, no patience needed. Its definitely a financial possibility.
Get a property, leave it to property management, get another one and another one and another one then you'll have millions of assets and tons of tax breaks. Boom, retire early.
He is relying on his blog and book sales to make him a millionaire! Selling BS ideas!
Gregory Geloewski yes. You're basically saying to just stay in your comfort zone and don't risk.
Now people use Ted talks as infomercials.....the organizers should make some effort to keep the quality from ted talks from going down the drain.
Patrick LaBelle exactly! Especially the brief mentioning of what one would do with 5, 10, 50 grand/month for very little time spend... Sound familiar anyone?
Patrick LaBelle Vasari receive by Herbers kitchen
This was a TEDx.
“I read rich dad poor dad by Robert Kiyosaki and realized my degree taught me nothing about making money”
I like the humble and honest way you use to talk about those subjects.
Invest in property, do affiliate marketing or buy stuff from China and sell it on Amazon. If you're young then start now. Don't believe your limiting beliefs. Read rich dad poor dad. Read his blog. Sorry guys. That's it.
Do butt stuff from china and sell it on amazon? I think that's , like, not allowed?
dino bull haha
Of course it is allowed, you can buy something and resell it, either as it is or as a part of another product. That's what everyone is doing!
dino bull ahahahaa my naive mind didn't see the butt there! I'm more into bosoms :p
Hardgainer Pete indeed
Suggested new title:
How to Say Nothing in a Fifteen Minutes Presentation
Here a better one:
How to talk like a politician?
That is how the TOP MLM oil snake sales people make there money, plus they entice people about the American dream !! Just follow my system to riches.. bs
It takes hard work
@4um360 That sums up all these guys
worthless. dont waste your time guys by watching this.
But he's cute so I will watch it anyway
Based on the comments I see why it is the few that do what this man is doing and that his central message was missed.
Will Pearce people will hear/see what they're looking to hear/see. If you're optimistic you'll see great value like I have. Closed minded you complain like everyone else
I was sceptic of the quality of TEDx Talks, and at some point I thought they were real life hacks. Now I confirm I should stay sceptical
To be fair, I think this talk was meant to be more of an inspiration and an idea-starter. It wasn't a talk called "How I became successful in real estate" or a seminar. He said he Googled 'passive income'. We can do that. And he shared his blog URL to the audience.
Well congratulations! I'm an educated person and a hard worker in a health care profession and I always scoffed at owning property. I bot my first condominium at 60 years old. I feel good about it and I think this is the first step to achieving my passive income!
Thanks for sharing your insights :)
Every content that gives us hope und let us take action is valuable.
Woodworking Fangirl 🤖
Patrick Goppoldy
I hear you, if you want to take action make a descion on what you want. Now that will make us think and actually wager pro's & cons of doing it. Now you can research how you can get over those cons. After this you can prepare yourself and start by using the kaizen methode and soon you'll experience daily changes of action taking that pulls you into what you want.
It's a nice introduction for those who have never heard of passive income before but I would have preferred him to go further in explaining his journey with facts and numbers.
Are ypu earning passive income??can you help me
@@somesh2604 I've started recently by investing in stocks that give dividends + by selling graphic templates on Etsy. I would recommend you check out Ali Abdaal's videos, he explains well his different channels of passive income and how to get started.
I am planning on it. I am 30 years old and plan to retire by 40. I am a strong supporter of FIRE moment.
This sounds like Rich Dad Poor Dad.
Except Robert Kiyasaki actually explains how he made his money.
This guy just keeps saying 'anyone can do it', without explaining why that is or how they can do it.
I got into stock trading because of Robert, so I don't consider him a 'get rich scam'.
I ignored the 'passive income' message, but remembered the basic message, which was to PLAY THE GAME THE RICH PLAY and think like them.
Keep expenditures low and static and keep your income exponential and scalable.
(You see Mark Cuban regularly ask about scalability in Shark Tank, because it really is important.)
That's all there is to it. Multiply fast, subtract slow.
Robert Kiyosaki doesn't explain how he made his money in his books. He makes up a fairy tale about a Rich Dad who doesn't exist, a Poor Dad who wasn't poor, and a real estate career he didn't have. Kiyosaki made his money because Amway pushed his first (fictional) book as a way of encouraging people to get involved with MLM.
It's perhaps a bit much to call it a scam, since he is an entertaining writer and he is selling you a book. His advice, on the other hand, is all over the map from platitudes, to impractical, to outright illegal (remember when he suggested to get some rich friends so you could do some insider trading? His real estate advice is likewise littered with 'what do you mean that's against the law?' gems). So read him for the feel-good factor, not for a game plan.
what DO you have to do/read to find a game plan? I'm tired of all these "philosophers" for getting rich. I want schemes, ideas, or at least starting points with tons of case studies and examples with details such as timelines, initial investment requirements, extraneous factors, etc etc.
Well, firstly, don't trust me. I'm a terrible source. I wouldn't trust anyone who has the kind of time and temperament to make comments on youtube, myself.
But secondly, it's the same books, websites, forums and college courses as the ones to become a professional at whatever you chose to do. There really isn't any other option other than to pick a specialisation that suits your goals (that is, pays highly enough, can be done in the time and with the starting capital you have, and will provide intrinsic satisfaction), gain the knowledge and experience necessary, work hard and save intelligently. The 'eat less and exercise more' advice of wealth gain. Making money, _including_ the set-up for later 'passive' income*, is work and it acts much the same way as any other work. In particular, real estate requires very active participation for the so-called passive income.
If anyone really wants specifics, I'd go with the classics and then move on from there. Investing = "The Intelligent Investor" (Graham). Real estate = "How I Turned $1,000 into Million in Real Estate in My Spare Time" (Nickerson). Building a brand = "The Long Tail" (Anderson). Writing = Strunk & White... just kidding. Writing fiction is about as reasonable a choice as professional sports, starting a band, or acting as a way to get rich - possible, but a really bad risk.
* yeah, okay, you can automatically buy an index tracker every month. That hour out of your life to set up a direct debit doesn't really rise to the level of work. Do that. Do that whether or not you do anything else as well.
Rich Dad Poor Dad, being delivered by a child who has such limited life experience he needs a page of notes rather than speaking from a position of strength.
I'm 36, have been running my own successful business for 10 years, have a five figure savings account and have only recently become attractive to mortgage lenders. There's a lot he's not telling us...
What a lot of passive income enthusiasts don't get into is how much work you have to do at the beginning. Some call it "front loading", but it's work, a ton of work and if you have other obligations its going to be nearly impossible to set up and your ventures are at the mercy of your government and society. And at the end of the day it's a little up to luck. Most of the people, who succeed at this, are entrepreneurs and investors. Also, the more the idea of passive income spreads, the more the most obvious vehicles of it (like affiliate marketing and blogging) are crowded and competitive. Of course the people who succeed want to tell you all about it but there are probably just as many who fail and at varying degrees. I'm not saying people shouldn't pursue passive income, but there are requirements and obstacles PI people don't talk about. You have to be disciplined, organized, smart, decisive and creative. It seems like the people who end up entrepreneurs typically have a personality that lends them to it. I've read Rich Dad Poor Dad among others and I've seen people succeed mildly and others fail horribly.
When he says little work its like going to the gym the 100th day in a row easy. It progressively gets easier the further you move along but you must do all the hard work to make it a habit and learn properly.
"Don't worry about how," he says. Well that is the most important part, isn't it??? Why, is just pie in the sky that you'll never eat. How, is how it works. How, is how you do it. How, is reality not fantasy. I think I'll think about how for a while. If you know how, please tell me how, because that would be a lot of help to me now, thank you.
Almost every industry and area has a way to gain passive income. Find what you are passionate about and good at, and find a way.
I personally think the why is more important and I always stress this to my business partners. I'm always saying, how bad do you want this? but to be fair, I kind of know the how for real estate. it took me a year to take action because my why wasn't strong enough.
He did provide examples.
David Harrison man that seemed like a legit scam.
Similar technique used by people to draw you in - i have something to show you.... but let me deliver a lot of preamble first.
And in the end either there's a paywall before the information or there is nothing anyway.
Finding real value and seeing the market opportunities is key. I wrote about this here : ronnie-writes.blogspot.co.uk/2017/02/promoting-values-and-opportunities.html
Honestly, this sounds like a late night infomercial. Quoting stats and using cliche terms that have been used countless times, is not a strategy.
Remember when Ted was packed with info? I want it back
His merit is that he's an incredibly remarkable unremarkable man.
The comments are much more interesting than the video itself
I slammed my brains out HARD for many decades doing exactly what he was talking about, including real estate and network marketing, and got nothing for my efforts. I was hoping this talk would give me some insight on where I went wrong. It did not. Heck, even the "Rich Dad" books I read were way more informative, and they were useless.
Ted Apelt have you looked for a mentor?
Did you really though?
Not at all saying you are lying, just asking if you REALLY did everything in your power/knowledge to pursue what you wanted to. Or did you just take in large amounts of information regarding what your far-off goal was.
Ted Apelt theres no way you tried for "many decades" because social media and network marketing is a recent trend that caused smart dedicated people to make passive income.
No, network marketing has been here for decades, I am sure. He did not even mention social media. The trick is, if somebody tried and failed, you can ask him: "Did you REALLY do everything" - thinking the fault is in him, but the one who succeeded can go TEDx and say: "everyone can do it with the proper mindset". So the winner is always right, even if he was randomly selected.
NETWORK MARKETING IS A RECENT TREND!?! LMFAO EVER HEARD OF AMWAY?
Um, can the economy function if everyone does this? Is it economically or morally viable for everyone to sit on a beach and just own stuff that's lucrative? Is this actually just for the benefit of posh people who already have the capital and network to do this?
It's just for posh people? Got it.
The reality is that achieving genuine passive income from nothing (by which I mean real and unleveraged) is extremely difficult and requires extraordinary patience and contrary thinking, and therefore the majority never achieve it. The kid in the video is simply a joke. However, I agree with you that the world couldn't function if everyone was a successful passive investor.
DontTestTheX Don't get me wrong, I think a lot of things in life are "do-able", with a combination of know how and hard work, but yes - for the majority of people, the idea that they can be a real estate mogul is fucking laughable.
More importantly, does society actually need any more landlords/rentiers milking money out the system?
Nobody is saying you should become some mogul. The speaker is just saying that one could create something to earn some extra income.
You don't need to be an expert or have a PhD to start your own side business. You do what you want to do, your choice, but what I hear from both of you are just excuses; "majority never achieve it", or "extremely difficult", or "requires patience" or "just for posh people".
I sleep in my car and have a full-time job, and I MAKE time to create something, no matter how hard it is, or what OTHER people have done.
Keep going Alex. If you take out all the sleeping pauses and redundancies, your enthusiasm and a look that sounds like a pro will come through.
Just a sales pitch to read his blog and no doubt subscribe to something.
can't believe I just spent 15 minutes willingly listening to an ad. Not even a good one
funny comment you cute
@@RonaldAArias thanks your cute 2
Omg...rolling eyes...can he detail his finances from the start? I'm sure he's concealing an important info...like inheritance.
Still pure Gold in 2k21
Nothing against this speaker in particular but it seems like more of these TED talks sound like a 15 minute advertisement. 5 minutes of a personal story, 5 minutes of feel good common sense adages, 5 minutes of pep talk ie you can do it find out more from my blog /buy my book / etc. I can't be the only one that found the statements: overcome self limiting beliefs, passive income can make money for you, do what you love leaving a bit to be desired?
Yes its a bit of advertising at end. But you cant deny what he is saying. So if you want, ignore the last advertising part and start learning about what he said on your own from somewhere else :)
personalperspective you can't summarize everything in 15 minutes so he's giving you a way to learn from him in his website.
"How many of you have ever been fired?" "Perfect, Perfect!"
Alex thank you so much for setting me Free
1 of the most realistic & sincere presentation, which gives hope to many im sure. Thanks alot Alex.
What??
"can you think of reasons why your paychecks would stop coming in?"
Me: 2020
Literallyyy
its 2021 now
Stop making excuses, Covid is over, get back to work
How do you make a passive income if you live in a country where the markets are rigged and political corruption is rampant not only in government but at the local levels of government?
how would you make active income in that country then? what's your point?
If you could get shut down for practically anything, how would you do that?
lol I was thinking making an underground black market economy with it's own language and sign language.
passive income can be made of many ways... you have to have a will to make it happen... research robert kiyosaki and if you are interested on truly learning... send a message
Yeah, I read that already. He makes his passive income through real-estate.
You have to have talent for whatever you do, like this guy. Most of the people I know who bought and rented property were successful. Only, all but one said they wished they had never gotten into it, such a nightmare. His point though is valid. There is a passive income stream, or streams of some sort out there for most of us. Takes a lot of effort to find what works for you.
wow.... that tells so much about our society values ...
"Let me tell you guys what you can actually do with money - once you have it."
I was hoping to hear strategies for achieving passive income streams, no how great it must be to have money coming in... boo.
Nothing new for me except for a new blog to read up on and the recommendedatkon to read Rich Dad, Poor Dad, which surprised me because I've been hearing it a lot but was passing it on. This might get me to read it.
I like the advice to follow your heart's desire. But dreaming is only the first step to manifesting what you really want.
Rich Dad Poor Dad in 15 minutes.
This was nothing but an infomercial
For?
A life that you enjoy.
GUILDGOB google his name and you'll see.
I was expecting some real life ideas as to what to do. Bit disappointed.
That makes sense; you have to do freaking research to find out what a guy is selling?
Great talk. Thank you bless you, All your dreams come true.
Love this talk!!
i wish to live infinitely forever
Infinitely forever on and on without end
And I wish to never run out of wishes .
bit like this talk!
If everyone did passive income.... who would work, or spend their cash in YOUR passive income scheme??
It's not like there's a shortage of people in the world. There will ALWAYS be someone to clean the toilets. Untill the end of times. Sad but true...
Soo true about "limiting beliefs"!
Everybody has some good points in their comments here. It is a repeat at the same old story one that you often hear from MLM marketers. Build You Up with things that are possible, but without any details as to how somebody should actually do it. There's a lot of statistics and facts that should go into these kind of talks.... There are a lot of people who take all their money quit their jobs and try something only to find that the money they had wasn't enough to keep going or it flopped, or they find that the bandwagon they just hopped on is now oversaturated and impossible to make any money on......... It's easy to preach the theoretical to people, and a very different story as to how to go out and actually do it so that income is consistently coming in. For example buying multiple rental properties or apartment complexes.... An online store that uses Drop Shipping and is basically automated..... Sounds easy, but there's a lot of details into the how to's.... What markets are active what products are dead.... Where do you get the best prices for this stuff..... Advertising.. it starts to take more money than you realize, and more time and research then one realizes. Yeah it can be done but you need to go into it having very realistic expectations. And oftentimes the people who spend all their time talking about this in seminars are actually making their money via the seminars and by Leading you into the next step of buying their books products or enrolling you into their program oftentimes MLM Style.
8:26 “Network Marketing” nice nickname for a pyramid scheme.
You know nothing
@@kuntal714. you are so right! That Robert really know nothing...
@@sillychalky8671 totally agree... 😊
Oh I love how he recommends the Ponzi scheme.
Glad to see everyone eyes are open and see what this is. save me some time.
Wow, thank you! Actually productive talk on TED
Only basics - someone who knows what passive income means and who has motivation to do so, can skip it ASAP.
He didn't even mention dividends.
Ben , could you please share any good links about the topic ?
Miguel Heredia Hi, thanks for your inquiry. I can have look or we talk shortly direct. If you think about stocks, have a look at ETFs. Like the MSCI World as a gold standard, with the focus on the US and western companies.
lol I discovered all of this when I was 14. I was obsessed with becoming rich and found that rich dad poor dad book and decided to read it.
You think this guy is rich because he has 24 houses. He got lucky and had investors help with the initial money to get going. He still has tons of debt. If the markets falter, he could lose it all. How much income does 24 house bring. Each one maybe really 2K a year, so he is making 48k a year on these. When one needs a new roof, BOOM, there goes profits for a home for a year or 2. Smart people would just buy a REIT for commercial property, 8-10% passive income!