Passive Income is a scam

Hey friends,

Do you remember when "passive income" was all the rage a decade ago? It seemed like everyone was talking about it, especially after Robert Kiyosaki's book, Rich Dad Poor Dad, became a hit. Gurus emerged from every corner, preaching the gospel of "escape the rat race" and the "4-hour workweek." I have to admit, those fancy words got to me too. They inspired me to delve into the stock market and dream of starting my own business. But after years of studying the system, I've come to a sobering conclusion: passive income is nothing more than a fancy term, a mirage.

Let's be honest here. There's no such thing as genuine passive income, whether it's from real estate, dividend stocks, or multi-level marketing schemes. None of them truly deliver on their promises. Instead, I propose a more accurate term: leveraged income.

When you look at it, we all have the same limited resources: 24 hours a day and an average lifespan of 70-90 years. The crucial factor is how you leverage your time to generate income. Take, for example, the stark contrast between the average employee in Hong Kong earning around 30,000 HKD per month (360,000 HKD per year) and someone like Elon Musk, who rakes in a staggering 17 billion USD annually. The difference lies in leverage. While we wouldn't categorize Elon's earnings as "passive income"—he practically works around the clock, almost 24/7—what he has achieved is leveraged income.

Leveraged income is all about maximizing your returns while minimizing the time and effort you put in. It's about compounding your knowledge, skills, network, money, and time into a powerful package that allows you to earn the most money in the least amount of time.