Passive Income is a Myth

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People who want to get ahead and succeed in their lives and businesses don’t sit still. That’s why passive income is a myth. Nothing in life is passive. Some people who own rentals, perform equipment leasing, or own real estate may argue that statement, but even that income is not technically passive, anyway.

In this video, Andrew shares a video from Gary V and explains why he thinks passive income is a myth.

00:00 Start
0:21 Passive Income
2:48 Gary Vaynerchuk - Earning "Passive Income"
6:13 Passive Income is a Myth
8:00 How to Become an Entrepreneur
12:08 Capital Gains Tax
16:00 How To Become Rich
20:00 Selling Books

Andrew Henderson and the Nomad Capitalist team are the world's most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where they're treated best".

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Andrew has started offshore companies, opened dozens of offshore bank accounts, obtained multiple second passports, and purchased real estate on four continents. He has spent the last 12 years studying and personally implementing the Nomad Capitalist lifestyle.

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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.