15 Myths About Passive Income

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  • Опубликовано: 28 янв 2025

Комментарии • 146

  • @alux
    @alux  Месяц назад +10

    Hello Aluxers! Do you believe in any of these myths about passive income?
    The #1 App Rich People Use To Optimize Their Lives!
    Start a 7-day free trial today: www.alux.com/app

  • @BrittanyDoris
    @BrittanyDoris Месяц назад +87

    *I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone's that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.*

    • @RicoArenbse
      @RicoArenbse Месяц назад +1

      The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on government paycheck, especially with the current economic crisis around the world. This is still a time to invest in Stocks, Forex and Digital currencies.

    • @PhillipeMattews
      @PhillipeMattews Месяц назад

      That's awesome!!! I know nothing about investment and I'm keen on getting started.
      What are your strategies?

    • @johnwilliam8061
      @johnwilliam8061 Месяц назад

      People dismiss the importance of advisors until they are burned by their own emotions.
      I remember a couple of summers ago, following my lengthy divorce, I needed a good boost to assist my business stay alive, so I looked for qualified consultants and came across someone with the highest qualifications. He has helped me raise my reserve from $275k to $850k, despite inflation.

    • @DimitarPetrova
      @DimitarPetrova Месяц назад

      Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience.

    • @JohnMichael007
      @JohnMichael007 Месяц назад

      How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.

  • @Isabellawes
    @Isabellawes Месяц назад +118

    I recommend everyone to find the book titled The Secret Doctrine of Wealth, it changed my life.

    • @Oliverstihonn
      @Oliverstihonn Месяц назад

      where i can find this book girl

    • @Gracegirlyys
      @Gracegirlyys Месяц назад

      thanks for share!

    • @TheBurgessNetwork
      @TheBurgessNetwork Месяц назад +1

      Thank you for the recommendation. I still haven't been able to become wealthy so I am open to reading anything that will help.

    • @Shiibai
      @Shiibai Месяц назад

      goated book!

    • @Gracegirlyys
      @Gracegirlyys Месяц назад

      @@Shiibai ye i started reading

  • @ENGELBERT-b9s
    @ENGELBERT-b9s Месяц назад +32

    I Hit $12,590 k today. Thank you for all the knowledge and nuggets you had thrown my way over the last week .i started with 3k in last week 2024..... now i just hit $12,590

    • @ENGELBERT-b9s
      @ENGELBERT-b9s Месяц назад +1

      @akirbennethyes of course

    • @ENGELBERT-b9s
      @ENGELBERT-b9s Месяц назад +1

      Weekly trading is the best way of making money in the market due to lack of experience which resulted in loosing funds... But miss Violet Zyaire, restored hope shes a good woman

    • @LydiaLuke-h8n
      @LydiaLuke-h8n Месяц назад

      Since meeting Expert Violet Zyaire., I now agree that with an expert managing your portfolio, the rate of profit is high, with less risk.

    • @Nik_chris
      @Nik_chris Месяц назад

      One of the most well-known people in her field is my
      CFA, Violet Zyaire.. I suggest looking into her qualifications in more detail. With her extensive knowledge, she is a great help to anyone trying to understand the financial market.

    • @Kimberly-l7x2f
      @Kimberly-l7x2f Месяц назад

      When I say testimonies all over the place I thought it was all made up stories till I was convinced and gave her a try and honesty I don't regret the move I made because I invested in a big way

  • @TristanJ-y6w
    @TristanJ-y6w Месяц назад +90

    It’s crazy how many things we’re taught about money that just aren’t true. Why isn’t anyone talking about the book The Architect of Riches by Alexander Pierce? It really opens your eyes to a whole new way of thinking about wealth. A lot of successful people swear by it!

  • @filip1979
    @filip1979 Месяц назад +39

    The concept in The Elite Society's Money Manifestation ebook completely blew me away. It feels like finding a secret path to wealth

  • @AwakenWealth999
    @AwakenWealth999 Месяц назад +9

    I loved the gardening analogy, it perfectly illustrates the effort behind passive income

  • @KaoruSugimura
    @KaoruSugimura Месяц назад +4

    "You need a lot of money to start"
    Yeah, you may not need much to start if you are not trying to live off of it but if you are then you'll need at least $250,000 invested to even live a moderately comfortable life. Most people will never have that level of wealth on hand because they don't get paid enough to catch up on their debts and instead live paycheck to paycheck.

  • @MoneyTary26
    @MoneyTary26 Месяц назад +3

    "Hawk Tuah" girl, "Catch Me Ousside" Girl, "Island Boys" twins are proof that you can make it lol

  • @De_Carli
    @De_Carli Месяц назад +4

    I'm Brazilian, learning English. The subtitles help me a lot! Where are they?

  • @timileyinkazeem_realtor
    @timileyinkazeem_realtor Месяц назад +3

    Thank you so much for this video. It has given me much more clarity about what passive income is about. And I'd like to add when it comes to investing, acquire knowledge on what you want to invest in, do your due diligence and engage with a professional whether its real estate, mutual funds or crypto... These tips will help you Greatly.

  • @LanceyRoche
    @LanceyRoche Месяц назад +150

    You could invest in stocks, start a side business, or focus on advancing your career. It's important to set goals and make a plan. Remember, wealth can mean different things to different people,One thing i can say that helped me in life to reach my first million was starting early, i got curious and informed i became open to passive income, investments in equities , etfs and the likes. Also sought help to handle my portfolio which was my foundation. i'm ever grateful to Susan Kay Mack my FA.

    • @harrisahmed3066
      @harrisahmed3066 Месяц назад

      Consistently investing in quality dividend paying companies over the long term is a relatively easy strategy to create generational wealth

    • @AurucciLou
      @AurucciLou Месяц назад

      Looks like she really knows her stuff. I also found her online page and read through her resume, educational background, qualifications and it was really impressive.

    • @soveinaaraceli
      @soveinaaraceli Месяц назад

      A million in profit is a lovely milestone.

    • @NamsaAlcantar
      @NamsaAlcantar Месяц назад

      i feel i downplayed the role of FA's in the past.. now actively looking to get one.

  • @hugh009
    @hugh009 Месяц назад +3

    ⭐⭐⭐⭐⭐ I'm a retired Post Newsweek TV Group consumer reporter that AGREES with EVERYTHING said here and I also been an entrepreneur since 1973.

  • @brandonshaw71
    @brandonshaw71 Месяц назад +69

    I reached $138k today. Thank you for all the knowledge and insights you've shared with me over the past few months. I began this journey in October
    2024. Financial education is essential for over 70% of the population, as only a few are truly literate in this area.
    Thanks so much Charlotte Grace Miller.

    • @stephenking9
      @stephenking9 Месяц назад

      I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.

    • @cristianosantoss1
      @cristianosantoss1 Месяц назад +1

      The very first time we tried, we invested $1400 and after a week, we received $5230. That really helped us a lot to pay up our bills.

    • @jagrnathkumar2986
      @jagrnathkumar2986 Месяц назад +1

      I'm celebrating a $30k stock portfolio today. started this journey with 6k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me

    • @luckystatham
      @luckystatham Месяц назад

      I'm new at this, please how can I reach her?

    • @daviswilson96
      @daviswilson96 Месяц назад +1

      I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills

  • @AzAz-oz4ey
    @AzAz-oz4ey Месяц назад +2

    Cash Flow Generator is what I call it . If cant scale it dont do it and you cant hire anyone else to do it mange it don't it . Always hire people who already built their business and use their model you just ride along .

  • @louiskamara1130
    @louiskamara1130 Месяц назад +1

  • @marcelinemulaji2463
    @marcelinemulaji2463 Месяц назад +2

    Thanks for the new video

  • @creativecontrive
    @creativecontrive Месяц назад

    This video really opened my eyes! I always thought passive income was just about sitting back and relaxing. Thanks for breaking down the myths! 🙌

  • @GamingMaceo
    @GamingMaceo Месяц назад +1

    Good morning, I'm here

  • @auro1986
    @auro1986 Месяц назад +1

    narrator says everything else is myth or passive except watching 15 videos in alux channel daily which is only way alux channel can get income if not you

  • @colorfulshow33
    @colorfulshow33 Месяц назад

    "Finally, a passive income video that’s realistic and to the point! Let’s connect if anyone’s starting this journey too."

  • @colorfulshow33
    @colorfulshow33 Месяц назад

    "This video is a game-changer! 💡 Who else is ready to start building their financial freedom today? Let's share ideas!"

  • @newhairstyles5568
    @newhairstyles5568 Месяц назад +1

    Great ❤

  • @colorfulshow33
    @colorfulshow33 Месяц назад

    "Investing in knowledge like this is the first step to financial independence. Can’t wait to implement these strategies!"

  • @jabber3749
    @jabber3749 Месяц назад

    "As a business owner you can write the costs of the app as tax expense"
    Funny you mention that in the end of the video. I bought the black Friday offer and all I got was an email receipt and not a proper invoice. When asking for a proper (PDF) invoice that states your information as company and mine as buyer the answer I became was "you got the email about the payment (the text receipt without any info) and a PayPal payslip (that also doesn't work with my tax office in my country)"... So I'm wondering what the actual problem is in doing so...

  • @colorfulshow33
    @colorfulshow33 Месяц назад

    "I love how you break down the myths around passive income. It's not overnight success, but it’s worth it!

  • @ahhbee8298
    @ahhbee8298 Месяц назад

    Ki made the mistake thinking I didn't need the skill and much knowledge. Once I realized that worked on my skill and knowledge my passive income increased

  • @bluecollarbullionballer4269
    @bluecollarbullionballer4269 Месяц назад

    I would only consider divdens as the closes to passive income.Even that is not total passive income.Still need to chose the stock/fund.Watch the market and investments.I am bias I admit.I have divden funds.I also sell puts/calls on funds and stocks.Happy investing/stacking.

  • @Lauraics
    @Lauraics Месяц назад

    If you have a business and someone else does a sale, then that’s passive income

  • @Strebor.11
    @Strebor.11 Месяц назад

    🎯🥂🍾

  • @warrenbradford2597
    @warrenbradford2597 13 дней назад

    I need to avoid all these myths when creating my own passive income.

  • @adriand2895
    @adriand2895 Месяц назад

    A wake up video for those who believe that they can get rich overnight!

  • @psimuv
    @psimuv Месяц назад

    Passive Income indeed is not passive at all. It is a form to take responsibilities outside a 9-5 job. Going for passive income is more rewarding, though.

  • @josemarcosrizzi3103
    @josemarcosrizzi3103 Месяц назад

    nice

  • @janelledaykin7256
    @janelledaykin7256 Месяц назад

    Something funny 19, 1, 19

  • @clementifangblog8583
    @clementifangblog8583 Месяц назад

    Thanks so much

  • @hariharadev1046
    @hariharadev1046 Месяц назад

    Hello aluxers. will some one buy my painting....??
    I need money to support myself...

  • @AntoineGeorgiev
    @AntoineGeorgiev Месяц назад

    The content is ok, but why do you post people breaking the law? The guy that drives and talks on his phone should be prosecuted :)

  • @COkid78
    @COkid78 Месяц назад

    Never heard of most of these...idk🤔

  • @nikec8101
    @nikec8101 Месяц назад

    most of these myths don't exist. why bother explaining.

  • @DavidEheli
    @DavidEheli Месяц назад

    Trophy

  • @Muskd_rider
    @Muskd_rider Месяц назад +1

    Please make a video of 15 stocks to invest in for 2025/2026

  • @louiskamara1130
    @louiskamara1130 Месяц назад +2

  • @Jahguaar
    @Jahguaar 7 дней назад

    Knowledge supports growth.