Comments by "Samson Soturian" (@samsonsoturian6013) on "The Passive Income Scam" video.

  1. I love it how your title conquers the algorithm without actually being clickbait.
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  2. 10:30 This is the main reason I haven't ever tried to be a full time writer. I use to work at converting my master's thesis into a book but I got busy with work. The thing is, the odds that a publisher will actually read your book if you send it to them are lottery winning odds, and self-publishing entails paying for proof readers, ads, and such only for only a handful of people to pick up the work.
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  3. And that is my argument against active investing. In order to get paid above the risk-free rate, you either have to take risk or provide some sort of real world service. For instance, market makers make more than a passive investment, but they are also at their desks managing algorithms all day.
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  4. All families have the same income. Get over it.
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  5. Do you have the programming savvy to create a crypto bank?
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  6. All that babble amounts to "leverage up and go into real estate." I got news for you, you'll need about a million dollars worth of rentals to be a full time landlord, at which point it becomes just another job.
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  7. A lot of those guys lost money too
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  8. Even that is not passive, as you are lending money to others and collecting a cut
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  9. Even so, let's assume you are Warren Buffet and will make twice the market average. In order to make enough cash trading stocks to justify quitting your job you would need a half million dollars to trade with. But you aren't Warren Buffet, and so let's assume Dave Ramsey is right and you can get an average of 2% more than the average trading stocks, you would need many millions to justify quitting your job, meaning you might as well open a hedge fund.
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  10. The closest thing there is to passive income is the risk-free rate of return. Right now, that rate is below the rate of inflation.
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  11. Bull. These idiots are selling the idea of free money. Just because YOU use passive income to mean that does not mean anyone else does
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  12. 4:20 In China, this is called "broken capital chains."
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  13. People who don't like to work often get into zero sum games to potentially get money without working
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  14. Except we tax income.
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