We already have given our own take on this, in our own less New Yorker-style kinda way, here: The Legend of Automated Money.
So now, to add more perspective, let’s bring in Joshua M. Brown:
Love this [The Gary-V video below]. The lengths that people will go to believe in this fantasy are matched only by the cravenness of the sales pitches around it.
You need to accumulate assets in order to generate large amounts of passive income.
You need to work like a dog over many years and not spend in order to accumulate those assets. There’s no in between unless you win the lottery.
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