@OneJuanWon
I like your definition of passive income. Truly passive means little to zero effort. Rentals can be good income producers, but they are not very "hands off" to manage.
@kaseyboggs1340
Thank you, I'm 77, my husband is 80. We own our house and cars and have a condo in Rancho Mirage (Palm Springs area). We've decided to sell it for that exact same reason you said. We rent it during the season, but have to rent it 6 months to just break even, (which has never happened). We own it, but it's not making us any money and is a pain, even with a property manager...there's always some expense. We're at a stage in our lives where we just don't want to deal with it, and our CD is so nice and worry free! Thank you for confirming we're doing the right thing for this stage in our lives.
@Laborkei
I’m #2…. Retired, and very happy with my Dividends, CD Ladders, and I-Bonds. Compounding is Wonderful. The Quarterly Taxes I pay is Awful...
@jimv77
My "Passive income": --Using work vacation time and evening/weekends to fix stuff at the rental. --getting out of bed at 3am during a thunderstorm to fix a leaky roof or plumbing bursting at the rental. --Waiting for the sheriff to show up and help evict the non-paying renters. **Paying someone else to manage your issues still takes time and causes decision making/stress.
@lanalong6736
'Just give me my money, and don't stress me out,' Indeed! Another class in session. 😊
@enigmathegrayman2953
I don’t have passive income, I work for income till I pass out!
@cashflow68
Currently living off my dividend passive income. I have 2 more years to apply for my max SS. No debt. It took me 35 years to accumulate enough in my investments to get to where I'm at now.Its a long process. Spend less than you earn and Invest.
@ghidran
Just set up automatic contributions for my Roth IRA at 22, thank you for the great videos Brian! This channel gives me confidence that I can one day reach financial success, step by step :)
@frankoh3193
Thank you for the clip. My concept of passive income involves rental properties, as they demand minimal effort from me. I am 52 years old and have no debts (no mortgages on all three houses). And I currently earn about $4000 a month in passive income without dipping into my retirement accounts. Additionally, I am in a 'barista FIRE' mode, working part-time to cover discretionary spending such as travel expenses. This clip reaffirms and motivates me to continue on my current path. Again, thank you very much.
@kevinholaway3998
I been watching Brian for a few years now i think he does a great job bringing the truth 👏
@dalemccree5841
I have two pensions one Military and one Civilian. Make around 12k a month after taxes plus health benefits and totally debt free home, cars etc. Wife and I kids grown and we live good if we want to take a trip every now and then we can do that without going into debt. America want you to work for consumer things that have no real meaning in life.People need to get debt free and stay that way.
@MadamePele
Great content as usual. My compliments to you on your new format to educate your audience! 👍
@brett4932
Passive income only exists in two scenarios; A) if you have enough money to legit set in fixed rate products like T-Bills that will generate enough cash for you to live off from and have zero issues. B) money that is generated from a business or career that you enjoy and do not believe is "work". Moreover, you are challenged by the work and you enjoy showing up everyday while having enough flexibility in your life to not be burnt out.
@pablotex
Agree with you with rental properties. You need to get involved heavily in the beginning. In my opinion you need to have at least between 5 to 10 houses at least to offset any unexpected expenses and vacancy.
@Gwillis7
Bring tha heat Brian!!! Let’s go!!! Happy Friday
@AmericasTop3
This video is passive income for you.
@Javiervasque-bg7be
Thanks!
@stevegolacks8731
I live off of CD interest. Has been great since 2017ish. Well, and pre 2009 of course!
@hsingholee1058
Even though physical rental is not hassle free, I would still choose it over reit funds. At least I have full control over choosing location, renters, and management companies.
@clearvaluetax9382