Ramsey Show Reacts To Easy Income Ideas From TikTok
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- Опубликовано: 15 окт 2024
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If this guy ever dragged a couch from A to Z at any point of his life, he would have known there’s nothing passive about it except his attitude 🤣
😂😂 as a professional Mover, I approve this message lool
Re: The Tiktok guy. Those aren't necessarily bad ideas, but they are pretty much the exact opposite of "passive income" lol it's so irritating how people misuse that word.
what do you mean? I ‘passively’ seek, negotiate to buy & haul used couches, re-upholster, clean & condition, then resell all the time!
Yeah seriously. He says, "Have someone haul the couches for you and it's passive." Lol! You could say that about any job!
They use that term to sucker in lazy people who want money but don't want to work for it, usually to try to sell some online course or other widget of dubious value.
Wait, won't couches move themselves?
@@AnnoyedGruntno no Automation lol 😂
I'm an engineer and work at chipotle as a side hustle in some evenings. $15 per hour and get free food too.
Chick Fil A pays more.
Nice
@@FernandoMartinez-pv1id not in my town. I interviewed with them.
@@dachicagoan8185 why in the world would you be working at chipotle as a engineer? What kind of engineer are you? You need a new job that pays more. Or start teaching people your knowledge with tutoring online or in person. Or start a business that will allow you to really be financially free. Your time is way more valuable than $15 an hour at chipotle. Especially as an engineer….
I know a recent engineering grad who was hired right out of college at $75k. Why would an engineer work for $15 hour?
I met a gentleman once who said he would buy vintage cars, and rather than fixing them up, he would "part them out." That is, he would break down the cars and sell the parts to others who were restoring vintage cars. He focused on Ford Mustangs and said that he made more doing this than restoring the cars.
This is also common in the farm equipment/tractor world
Basically just a junk yard lol maybe just a little more specialize
This is not uncommon, and it goes beyond automobiles. I have several powersport toys--Jet skis, snowmobiles, and motorcycles that are worth WAY more in parts than I could ever sell them for whole. Even in good running shape. Even breaking down the engines into individual pieces can yield a higher rate of return, even if there's nothing wrong with it.
I've been doing this for years; nothing new. Anyone needs HP, Dell, or Lenovo/IBM parts? How about Jeep WJ parts? I have several old but excellent brands of VHS players too.
What’s funny is that NOTHING he mentioned in that TikTok video were passive income. All of those take a lot of time and effort to complete. Passive income would be like capital gains on stock, dividends, rental income. Things you get paid for without a time investment
Yea I noticed that too. I get passive income by going into the office every day.
Silly Gen Zs, have no clue. The guy just described an actually job.
Yeah because driving around with a van truck ect picking up heavy sofas that have to be cleaned, mended ect it so passive and gas is over 5$ a gallon.
you really gonna take that tiktok guy seriously huh ? xD
I think the real passive income out of all of this is the index fund that Ramsey quoted to in the past lol.
I turned flipping into a business. I sell all of my items on eBay and make a full time income selling clothes. It’s doable but it’s not passive income lol. You gotta put in the work.
Amen. Worth it, but it's definitely work! Not passive. :-)
100%.
I did the same. Your right nothing passive at all!
Yeah I resell on Poshmark, it is not passive at all 😂😂😂
@@NaomiSimpsonhk exactly
If you hear “Some people make thousands doing this”
They are not one of those people lol
The ones that do, are NOT going to make stupid videos for $50 from views, where they show everyone how to do their job and start competing with them
@@zybard01 facts. And the ones who really have done what they teach and done it successfully and can be verified are actual consultants charging thousands to small businesses
@@zybard01Yeah for real.. I do like 50-80k a year on ebay, no chance i'm helping other people do it
I am taking a side job as a dishwasher at a local chain restaurant for $14 an hour to save for a Disney World vacation. I’ll work about 15 hours a week which is very doable. Not passive income, but it’s still income.
@mgtowkremlin Huh?
@@hollyb6885 he wants ur instagram to see if ur got so he can buy some pantries off of you
@@MooMoo69556 Not on Instagram. No pantries to sell.
@@hollyb6885 I wouldn't sell my pantries to anyone either lol.
I have a feeling there is no R in pantries where his comment was concerned.
I worked at a hat store and cleaned hats in the side. Charged $7-10 per hat depending on how dirty it was, spent $30 on supplies and made $30 on my first order
Now imagine how much you would have made if you cleaned the top of the hat too!
@@Michael-vf2mw 😂
I’m a healthcare administrator and I work at a fast food restaurant for 14 dollars a few days out of the week..Passive no, but paying off this debt
Respect that grind. Keep it up and you will be in a good place.
Praying for tenacity and endurance for you!! You can do this
I saw Public Storage in Phoenix is paying $15.50/hr plus sign on bonus $500 ....where was this when I was in high school working subway for $7/hr
BTW, fast food is paying $14-15/hr here
I’m a chemical plant technician and starting to consider doing that myself too.
Work a 9-5 and tutor for a few hours on Saturday. Love it. Good pay and wonderful work and I make sure 100% of that income is going towards my student loan payments.
Dont love it just like it
details? stay home mom here
I’m flipping my body to get in shape and get a personal training side hustle 💪🏻
If you're doing tutoring, especially with young kids, meet them at a library. It's a safe public space that's already dedicated to learning and the parents can read books while supervising.
Don't fool yourself, the best side hustle you can get is a second job.
💯You dont have to figure out the taxes and the income is consistent
@@websitelaunchcourse4061 Until you lose the job lol
That would be overworking yourself.
@@themusicman669 then you find another job. This is America
@@exaucemayunga22 Lol yeah, until you lose that one too. Job security is a myth.
Cars are tough to flip. You really need to know your stuff. Did it for awhile.
As a mechanic I agree with you, I also did it and most of the time its a gamble.
@@Andrew_406 talking about the expensive unknowns. You can’t always tell what all a car needs if it is not runnin. It’s a gamble
Groceries deliveries helped me save up close to 20 grand now 👀
Most if not all side hustles being promoted on TikToc and RUclips are a lie
If they were really this easy, everyone would be doing it.
How else are they gonna get views and monetized? 😂
I pick up trash at apartments S-TH for 2-3 hours at night which pays 15 bucks. Mindless work and you get paid to workout. Easiest job ever.
My son side hustles mowing lawns since he was 16. He is now 23. He has bought two cars cash and now using it to pay off student loans quicker with his full time job. He loves it and has great clients who treat and pay him well.
One side hustle that was not mentioned is managing someone's rental property. Yes, there is work to find someone who is willing to trust you but this side hustle can become a future career.
States vary but in NC you must have realtor license to handle any of the money.
@@Force5_Eye_Dev What are you talking about? You do NOT need a realtor license to manage (including handle the money) properties.
great side hustle/starter job for someone that is in real estate business : real estate agent, buy homes to rent out, home flipper, Real estate appraisal
@@zybard01 Managing someone's property is more of a "people" person then a real estate person. The only bad is that if there is an emergency you need to attend it immediately but there is like one or two of those things that happen a year so it is not to bad.
You can tell they just make up a list and have never tried doing any of these. This guy said "you can cut grass and get yards in droves".... he has no damn clue that lawn care is one of the most competitive side jobs imaginable.
I don’t know who needs to hear this, but the tutoring thing is real.
I tutored college students in Javascript for $50 an hour, back when $50 an hour was a lot of money.
Highly recommend
Hey Matthew. I’m looking at getting into tutoring, could you offer any advice and how you got started? I’ve got some previous experience
Often times when I see people doing the whole flipping thing on ebay, they are either netting very little, zero or even negative profit. And its definitely not passive. People just don't want to work a 9-5 anymore, and they want to go do their own thing until they realize they make far, far, FAR less than minimum wage.
the stupid ones never admit (or understand) just how little they are making
Need to factor in total time: looking, buying, fix up, resale time. Drive time and gas, fix up supplies (trailer or other items needed) and cost to buy the good (COGS) to flip... and the loss on items not sold
I do it for my side hustles and stopped taking jobs unless I can average at least $28/hr
I asked a vending machine worker that filled sodas into the machine. Vending is contracted to major Corps most of the time. He worked for Pepsi. It's not necessarily easy just to get a machine, because alot areas where you see the machines have contracts with Pepsi, Coke and snack companies
Some ppl buy used machines and set up in small business or their own business. Most are food machines tho
You set them up in small businesses.
2:25. Yeah.... I've tried that car flipping thing. It doesn't work out so well. The reason is that there are too many people out there who think they can do it, so they push up the price of the vehicles at the auctions. And speaking of which, why are they at the auction? They are there because someone else already looked at it and didn't want it.
Otherwise, repair shops would double as a used car dealer, but they typically do not. There's way more money in fixing them than there is buying them, fixing them, and re-selling them. Buying one to sell later is only what you do when you have a smoking deal just happen to fall on your lap and/or your shop's business just happens to be slow.
I am a mechanic I've been one for over 17 years and the problem you don't see is your only allowed to sell so many cars in a year without a dealer's license
$20 a yard?! I didn't know it's still 1995.
I pay $20 ($25 with tip) including edging, bushes, and plants. I live in one of the most expensive areas in CA.
Poor guy
I have a large yard I pay $45 in St. Louis!
I do landscaping in Nashville, TN and will not touch my equipment for any less than a job which can net me $100/hr. most of these guys charging such cheap rates are all fly by nighters and i rarely see them out and about by the next season. Guy is getting shafted charging so little.
Sheesh my yard cost $120-150
Ken, flipping cars isn't nearly as good as it sounds. Most of the time when you get a car that needs, say, a transmission it's usually been poorly maintained and has other issues. By the time you fix and flip you don't really make a lot. You would have to be very selective about what you buy.
I know a guy who buys several cars a week from CL. He is a mechanic and has a 2 bay shop with lifts. He makes over $100K per year doing this, some weeks not even 40 hours. Are the cars junkers? Sometimes, but he provides a service for cash customers.
heck yea, Ken did say you need to be a mechanic and have a good eye for it. But just like house flipping - stay out unless you are a pro
the only passive income is an active income source that the creator turned into a system where others work for them and even then it requires attention via management
I deliver food with Uber eats full time. Great money and the best part is. If I need a side hustle, I just work more hours. I could do 8am till midnight if I needed
I thought delivery would be impossible with gas’s being high. I guess it just depends on area.
@@donaldlyons17 depends on the city/area and also depends on how fast you are. I almost run to the restaurant and customers house. Packing in as many deliveries as possible I can get about $25/h after gas costs
@@pgstravels cap
Make sure you carry the ride for endorsement on your insurance policy or have the coverage with Uber Eats in case you have an accident (I work for an insurance company and it's heartbreaking when people don't have the endorsement because they can lose coverage if they have an accident.
@@littlesongbird1 absolutely, yes it’s an extra premium, but essential
I try not to take too much business advice from an adult wearing a Hey Arnold T-shirt… but that’s just me.
🤣
You prove how intellectually adolescent u are by judging ppl for the tshirts they wear 🤡🤡🤡🤡
What a midwit take.
I just work overtime. Side hustles are a pain
For those of us on salary, putting in extra hours is just giving the company free labor. Side hustles are a must if we're going to increase our income.
For me overtime is $37 hr
Good point. Except most jobs do not have those opportunities. But yeah I prefer doing a job that pays well instead of hustling around. Well, I have a family so I can't be working night and weekends and all. So better make sure i have a good job instead.
If getting Rich on Passive Income was really all that easy, everyone would do it. Passive Income is nearly nonexistant.
Question? I’m very good at organizing and merchandising. I work in a small retail store (family business) and I’m always full of ideas of things we can do to improve the looks of the store, however I’m not the boss or the owner(lol). I do like working there though. How can I start out to become a merchandiser for other retail stores without a degree.
Roth, 401k your IRA is truly passive income
How I think most do not plan on using it till retirement comes!!!
You can only sell a certain number of cars before being required to own a business doing so
I mean.. technically. There’s work arounds
@@Andrew_406 if were that easy everyone would do it. punching a clock is a great way to get rich. hard to grow wealth without steady income. you cant lazy your way to wealth
@@Andrew_406 you don't know how much is involved in getting a DEALOR LICENXE??!$ Atleast where I'm at its HARD and you cannot do it from home!! You need a certain amount of property and proper Zoning.
You have to work it in the deal that the seller doesn’t sign the title, then when you sell it, the buyer signs the blank title. It’s illegal but people are usually willing to work with you.
Had to comment. I thought this was a great, short, to the point video on considering a side hustle. Would really like to see a future video that builds on this.
Having a RUclips channel is a great passive income. Yes I do a video a week, but if I happen to skip one or two weeks the channel still generates money. This takes time and dedication at the beginning, but after a certain period you are set.
How
The Algorithm screws you over though and it takes an insane amount of work to get montized.
@@FernandoMartinez-pv1id I am not saying this is for everyone, but is still possible.
@@MR3DDev I get it, I'm doing it myself but I don't know if it really qualifies for a sustainable passive income with how the Algorithm screws you over if you don't post.
@@FernandoMartinez-pv1id If you stop posting for months yeah the algorithm will forget you specially if you are under 100k
1:36 Couch flipping… Selling a couch that you got for free… Isn’t that what Goodwill does?
I'm actually an online tutor myself and I am making around 3,400 a month right now while I am going to school. It's a great gig!
Can you provide the website of the company that you used?
I bought a vintage miniature dressform for $20 and sold it for well over $200.
Power washing driveways / patios and detailing cars are other great hustles for some extra income!
So you go to the yard sale, see the products, then research them real quick while you are there, and if it’s a good product to resell you buy at the spot?
You could sell the pins you stick in your eyes rather than watch tiktok
Appliances are good right now. Yard tools as well. I did a Frankenstein on two mowers that had opposite problems and made one good mower in an hour total work.
Definitely can make money on the cars but check your states law. Can only flip so many per year without a dealer license
Only if they know about it.
The fact that he said vending machines should tell you what you need to know- the vending machine business is highly over saturated - so location matters a lot
There absolutely is passive income, it just takes time. Active income is great in the short term, but the moment you stop the income stops. Passive income, and a delayed gratification mindset is what separates the wealthy from poor and middle class
I turned my reselling side hustle into a full time business!
I've legitimately made $35,000 cash flipping cars the last 4 months. However its not that simple. I trie dit before 4 years ago when i was way less knowledgable on cars and made nothing. Lost money. And busted my ass for it. Only flip cars when you know A LOT or know someone who knows everything mechanically about cars or youll get so burned. You have to do EVERYTHING yourself as well.
People throw around the term "passive income" too loosely. In my opinion, there's no such thing as "truly passive income". It's almost like a crop. You have to take the time to "plant seeds" and get the thing started. And then you just have to "water it" to keep it going. But not PASSIVE. Also, selling random planners and stuff online is half and half. Not just anyone can do that. It's a bit better suited for influencers, or business owners who have a following where they can point you to the product IMO.
Collecting rent is definitely passive income
Why are people obsessed with passive income? Where in the world in history have you heard of anyone getting money for not working, except royals?
@@abarbar06 it is not. Coming from someone who collects rent. Also unless you mean collect as in literal sense, one has to work their a$# off to get money for that property and even sometimes still keep paying mortgage. I know you are gonna argue that if the house is managed by someone else then it is passive. It is still NOT. Luckily people who can afford to invest in rental properties are not the types that are looking for easy ways to make money on tiktok. They know it is all come at the cost of sweat and blood. Again unless you are from royalty.
@@last_samurai6690 yeah renters also tend to not mind paying either. I never minded rent but not everyone can live in 600 to 1,000$ each month.
@@last_samurai6690 yeah, and year by year, your land value increases (no thanks to you), so you can keep charging more for rent.
The vending machine isn't a bad idea if you can get them close to each other.
It’s a waste of time
@@DavidRamseyIII and not passive
Getting permission to put your vending machine on a property is tricky.
@@joeray3983 if you are looking for PASSIVE income, then invest your money in DNP and collect monthly dividends.
@@johnSmith-uz8nl Yep income stuff others control is really the only passive income I can think of too.
its "illegal" to flip cars in colorado. you get huge irs fines if you sell more then 3 cars a year. i went to an auto auction and i said " im going to buy this car to sell it" and the office person said "im going to pretend i didnt hear that" because they'd have to report it
you guys have old school thinking, passive income is very real and beneficial
You know what's also real and beneficial...ACTIVE income. In far less time and effort than it takes to set up one of these side hustles, I could just do overtime at work when its available. No need to research, or invest in equipment, or drive my car all over town.
@@scarpfish I'm a software developer and make a great active income, but there are investments that bring true passive income without lifting a finger. But I'll let people do what they want 😌
The vending machine one and planner one was pretty good ideas 💡for side incomes.
I flip beanie babies. I go to someone's house and take their disgusting beanies. I pay anywhere from 25c to a dollar. I then sell them for anywhere from 75c to $3. It's the American dream.
At the fuel price you will not make so much money travelling with your 🛋 loll
My nephew flips cars. He’s a mechanic. It’s lucrative.
Mobile oil change I know a guy doing they he charged 60$ service call plus parts at cost usually costs 85-100$ to get ur oil changed and you don’t have to go to a oil change place and you think a expert is doing it lol
And he does it after hours when shops are closed he stays busy
That's a brilliant idea!
I used to buy into the passive income stuff but it’s a crock of crap. Making money requires time and energy. Vending machines need to be filled and change collected. Couches need to be moved. Stocks even require research. Rental income still requires communication with your rental management company or your tenant if you actively manage your property
No one said you do nothing to have passive income. Just stick to your job if extra work stresses you out
What ever happened to Small Business Opportunities magazine?
They always had all kind of ideas.
I cash n bought a Honda cash out. Had I emergency fund n put transmission in a month later
You are not going to find many side hustles such as mowing lawns, delivering groceries, pet sitting or dog walking in these times of high inflation I’ll tell you that right now
Flipping cars. Been there, done that. I never ever buy a car, leave the title open (ie don't put it your name) and resell it. What happens if your buyer leaves the car in your name, and has a nasty accident? You may be on the hook. Many states limit non licensed used used car dealers to 5 sales a year. Do you plan to tell your insurance company about your side hustle?
The vast, vast majority of buyers are absolutely unable to judge the condition of a used car. I was a former mechanic and body man. One bad transmission, months of profits are gone. If an unhappy buyer sues, they may not collect anything, but you get to pay your lawyer.
If it doesn’t make money without any effort on your part, it’s not passive income. A side hustle is not passive. Only investing money into companies/ventures for a future return on that investment are passive. It’s important to understand this because the tax treatments for passive income and losses are different and can’t always be blended with your active income.
Passive income: We have all click on a subject in a list of websites that kept taking you to more websites with the same subject name. Each time you click on the subject the person who setup the pages keeps making money.
Imo all of the guys opinions were valid side hustles, just not passive income
Car flipping margins are really slim. It’s not a bad idea but you have to be really knowledgeable about the market. A lot of people are doing it.
Believe it or not there is need for TV antennas installers, satellite installers and mounting TVs
Ken - you need a dealers license in all 50 states to “flip” cars
Where is this list they talk about
Good video and analysis.
Two things about this, First is if it's that easy everyone would be doing it, and second he is only talking about gross income not net.
You don't need to put others down to promote yourselves. DR has built the reputation over many years, don't lose it by putting others down.
Reasonable disagreement, which is what happened here, is not putting anybody down.
You can store a push mower. They’re tiny. You don’t need a huge gas one
Lol at $10-20 to mow a yard, nobody is to working for that rate. Going rate just to get someone to show up is $40 a yard and I live in an inexpensive Midwestern city!
The value of the side hustle I think depends on what you do for a career. If your career has upside then why would you put the extra time to a side hustle?
The couch flipping idea was originally from Ryan Pineda the real estate agent who shared it on RUclips. If you want original reacts look him up
George is dead wrong for claiming that there is no such thing as passive income.
Even if it works it’s not passive income. You actually have to do something and take risk.
Flipping cars is definitely not as easy as it sounds. At the very least you need a garage with a car lift and plenty of specialty tools to make the work quick and do-able. Not to mention attending auctions all the time, owning a truck and trailer to tow vehicles that aren’t quite roadworthy, etc.
This is all assuming you *really* know what you’re doing mechanically in the first place. There’s definitely other easier ways to make money on the side.
These guys are really funny. Great video ty
Couch flipping is actually a thing.....but it is FAR from being "passive".
I dont know why someone would pay hundreds for really old used couch.
$10 to cut your lawn. You must have a very small yard. I pay $45. My lot is about 1/4 acre.
I have a sweet side gig as a teacher that I found. I work 16 hours a week at a liquor store and bring in an extra 800 a month. So nice
"flipping cars" is hilarious
the only side hustles that I believe in and worth the effort are lyft, uber, and doordash.
And when you sell over 60 products or 600 Dollar per month you will get a 1911 Form created and the IRS knows everything.
So you will have to pay taxes on the profit you made. You can´t deny it, cause it is all in your IRS File.
Now you make your tax and dismiss this craigslist, pennys and dollars there in total you will pay a fee for dismissing it on
your IRS Form. And at a specific point you will have to file for a permission for a business, the law depends on it.
ironic these guys look down on passive income however that's exactly what investing is for the Ramsey plan
Flipping is not passive income, it's active!
Super active. Wouldnt even do it
The grocery shopper side hustle is not worth it. I looked into it and what they pay didn't cover my gas.
A lot of these side hustles are legitimate it's just that they're not passive income. In fact I don't think I've ever seen income that was truly passive. Everyone I've seen that says "Oh yeah I make passive income." puts at least some amount of time into their business.
Y’all hate on the phrase “passive income” waaay too much. Everyone knows it’s not free money, it’s just income that is not directly tied to your time.
But that's not why these online hucksters are using it. And while many of these ideas aren't directly tied to your time, they almost always require time, which when paired with a regular job and family responsibilities often makes them impractical.
I'm pretty sure that investing is passive income.
But it seems that no one knows what passive income really means, host and commenters included. Passive income is something that you can set up and then it continues to generate income without having to go back to it. It doesn't mean that you never did any work. It's that you don't have to continue doing work to generate income.
Insta cart pays 40 cents a mile toward gas. At least where I am.
Are you reimbursed
I’d like to know where you can stay in a nice hotel for $100… Love you guys!
$20 a yard go mow lawns for 20 I start at 40 and that’s just to mow with a zero turn. If you wouldn’t do it I wouldn’t tell someone else they should.
Agree on flipping cars. Wish I had the talent of the resource to partner with reliable talent.
I question the income level and steadiness of income with a vending machine but I think the biggest problem is where do you put it? Any business will want a cut of what you get. You need permission from the city bus agency to put it at a bus station where it will most likely be destroyed (noticed at Madison, WI bus transfer points that they disappeared because of that reason). Most likely vending machines would be a good thing in someone's den or man cave so they wouldn't have to go all the way to the kitchen to get a sparkling water or diet soda if you rig it like in the movie "Big" where Tom Hank's character had a vending machine where he didn't have to insert coins.
And whatever business allows you to put a vending machine at their location is likely going to require that you carry insurance
The digital planner is something I’ve been thinking of for months now.