2:45

“an old school mind set? “Why not focus on building wealth via passive income?” – You know, Tommy, I think both work. You know, I think that when people say, “Hey, let’s do passive income,” they go into Spam City, USA oftentimes. You know, I have passive income when I’m investing in early stage startups […]

“an old school mind set? “Why not focus on building
wealth via passive income?” – You know, Tommy, I think both work. You know, I think that when people say, “Hey, let’s do passive
income,” they go into Spam City, USA oftentimes. You know, I have passive
income when I’m investing in early stage startups
that then go sell for 400X and I didn’t do anything, I made money, shit, I made more money
on my passive income, probably, than my hustle income. They both work but please
make sure that your passive income has practicality to it because all the people who
have tried to create systems and automate their cash,
there’s been a very small percentage of people that have
been able to lay on the beach while they collect money on the internet. A lot of that stuff is
completely ludicrous and I promise you the ones
in the 1% of passive income spent a boatload of
hard work and hard time to get to that evergreen
place up in the sky. And so, you know, I think that there’s an enormous, massive, misunderstanding that there are (scoffs) almost zero people that
have pulled off substantial success without putting
in real time and effort. Now, we all have different
ambitions and goals. Do I think that it’s easier
to create $60,000 a year in passive income on the internet today? I sure do and if that’s where
your goal and ambition is, that’s more practical than millions. Millions of dollars in passive
income on the internet, smoking (beep) weed in
Jamaica while it just keeps coming in is just not
as real as you think, partner. (laughing) You like that one? I’m right, because that’s
what everybody thinks it is and it’s just not real. (beep) Show me, ’cause I’ll show you a billion people that have won through hard work. Show me. Show me this magical person, ’cause I’ll show you
somebody who sells you that dream but isn’t actually doing it. That, I’ll show you. You want me to hire some
models for the afternoon and get a boat and go to
some sunny (beep) place and be like, this is it? I’ll show you that. You want me to show you
the people on Instagram who go take all the money
they own in the world in $100 forms in the bank
and throw it on a bed and take a picture and then
put it back in their bank? I’ll show you that. I’ll show you the front of
this passive income dream of the internet.