Does Passive Income Have A Paywall?

Passive income.

Cashflow without time invested.

That unicorn that is so elusive. Everyone wants it. It was just a couple years ago that it was QUITE the buzz word.

Does it really exist? For the average person I mean?

Because conceivably if it did, there’d be a hell of a lot less people working right?

So what is the barrier to entry exactly? Well, I’m glad you asked dear reader.

Some might tell you that that barrier to entry is money itself.

One of my favorite young entrepreneurs - Colin Yuricisin - was asked on Instagram what the best way to make passive income was. He said “You’re not going to make passive income with less than $100K to invest bro.”

And in large part he’s right. Let’s take a quick look at why that is.

Think of all the ways that usually come up when someone brings up passive income.

• Real Estate

• Business

• Dividend stocks

• Crypto yield farming

• Trading software

There’s other of course but let’s start with the most common ones.

With real estate you need enough money upfront for a 20% down payment so you are looking at $100K a lot of the time. Plus the cashflow is minimal. You’re really getting equity growth and tax deductions mostly.

Business is the same thing. You can get an SBA loan to buy a business but it’s similar to a mortgage in that you have to have a certain amount of capital already.

Dividend stocks can be bought for at little as $30 but to get any significant cashflow whatsoever from it you’re definitely looking at $100K+. Otherwise you’re collecting pennies each month. Hooray.

Crypto yield farming is similar to dividend stocks in that you need a lot of money to start with for it to add up to anything. Plus it’s riskier.

Trading software is getting more and more popular. However, you’ll pay 10’s of thousands for the yearly software license PLUS you need capital to trade with (many times in excess of $25K). This will often cashflow a lot better than say dividends or yield farming but you probably get the point by now.

Passive income has a paywall that keeps most people out. Passive income is for the “rich.”

Sure you can work really hard and save up because in the grand scheme of things $100K is not THAT much money. (No really. It’s not.)

In fact, there will be a time in the not-too-distant future when we’re saying that $1M is not a lot of money. Mark my words.

But what if I told you there are ways to generate cashflow without $100K or even $25K? That’s why I’m so excited about the ecom opportunity that I’ve started with the first cohort of people.

The clients that got in for the Beta cohort got an insane price for something that could make them $10K a month in the next year or two.

$0 Upfront Passive Income Sauce

But there are other ways too. Here are two examples JUST for the readers of this newsletter:

• Strat #1 - Get a 0% interest credit card and use it to purchase hosted Bitcoin mining. You can write off the cost of the equipment under Section 179 of the tax code. This is an excellent time to do this strategy because Bitcoin is going to start mooning this year and well into 2024.

• Strategy #2 - Use an auto loan to buy a car and rent it out on Turo. This works great if you live somewhere that’s somewhat touristy. If the vehicle is over 6000lbs you can deduct the entire cost of the vehicle in year 1. Plus there’s a ton of other stuff you can deduct.

Both strats require zero upfront cash and can generate pretty good income. You’re welcome.

In The Internet News!

This dude is having ChatGPT guide him through taking $100 and turning it into $1M. It’s still in the early stages of the journey and quite the interesting follow. I’ll be making a reel on it this week.

That’s it guys! This one ended up a bit longer. Look for these newsletters to drop every Monday evening.

Links

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