Passive Income is Keeping You Poor
When most people hear the phrase passive income, they imagine sitting on a beach while money flows effortlessly into their bank account. But in this episode, Daniel and Ron Apke dig deep into the myth versus reality of “passive” businesses.
From house flipping to Kindle publishing, rental properties, and dividend stocks, they lay out a clear scale of what’s truly hands-off and what still requires time, effort, and oversight.
Spoiler alert: house flipping is far from passive, while investments like high-interest savings accounts and bonds are about as close as it gets. The brothers also share their own experiences with Kindle publishing, blogging, and rentals, revealing where each falls on the active-to-passive spectrum.
The heart of the conversation centers on land flipping, a business often marketed as passive but which in reality requires work, systems, and smart outsourcing.
Daniel and Ron explain why land flipping isn’t a “set it and forget it” model, but why they love it anyway: the return on time invested can be enormous. With the right automations and outsourcing, many investors manage their businesses in just an hour or two a day, generating six or even seven figures.
If you’ve ever wondered whether land flipping could be your path to financial freedom, this episode is a must-watch, it’ll shift your mindset away from buzzwords and into building a streamlined, highly profitable business.
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