How To Make Passive Income vs Active Income- Episode

Рет қаралды 25,624

Күн бұрын

During the life of a business there are ups and downs in cashflow, customer retention, product sales, and time to re-calibrate yourself in your personal life. How do you balance the attention you give to your ACTIVE INCOME VS. PASSIVE INCOME SOURCES? When do you let one go in order to open up room for another? What do you do when you have more opportunities than time? On today's episode we discuss :
- The BRAIN PICKER PODCAST and our most recent reflections about how powerful the platform is.
- How everyone "has a price" to their time when building a business and seeking to get to the next phase in their enterprise and personal life.
- The power in REPURPOSING your message and branding to consistently turn on ( and off if needed) your revenue streams.
- "Copying the right cat" : how to model your business structure and strategy based on the success of someone else in your industry.
- Personal growth and how it is tied to your ability to grow, infuse inspiration into, and provide vision to the community you belong to.
and so much more!
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Show Notes:
00:00 Podcast Preview and Sponsored By...
1:28 Brain Picker Podcast
11:58 Pay Me Twice
20:37 Commercial Break: SP Masterclass
21:46 Active Income vs Passive Income
40:12 Commercial Break: Brain Picker Podcast
44:25 How's Your Week
51:10 Top 10 Goals
57:11 Growing Actionable Women
1:00:26 Building Community
1:14:04 Active Passivity
1:25:29 Sponsored By...
Timestamped By @TheYounivesityLive

Пікірлер: 115

@emailassistant 2 жыл бұрын

Dem boots Donni!!! Get em girl, handling the buz in style!!!

@taylormaddox3478 2 жыл бұрын

Right and Ik Steven madden has boots like this !

@markjames5964 2 жыл бұрын

Donni Donni Donni...🔥🔥🔥🔥 She the whole package...💪🏾💪🏾💪🏾 But as always great podcast... Donni makes it better..😊😊😊

@SepheliaBeard 2 жыл бұрын

Passive income always require something to be done on the front end. Also passive is relative…passive to me is something like writing a book and listing it on Amazon. The front end is writing and uploading the book to Amazon. Once that’s done, it’s passive. Rental properties are definitely passive!

@200sxserkid1990 2 жыл бұрын

In order to create passive income first you have to actively set it up, then the cash flow that is generated from your initial activities is passive.

@jazmineellis1 2 жыл бұрын

Donni is right. I bought her course from an old episode. She talked about how she was coaching/q&a every week and I havent seen her once. She has other people in place which is cool. I absolutely love this podcast and the gems you both consistently drop❤!

@aprilmckie 2 жыл бұрын

This is a great convo! I think y'all are missing one crucial point though. The question is not really whether something is passive... the question is HOW LONG something is passive. It sounds like from what both of you are saying, the work you do on the front end determines how long your income can be passive before you have to do something to adjust or tweak the system to continue that passive status.

@KingQuayus 2 жыл бұрын

Donni is right Dav . Give her her flowers 💐

@diamond3529 2 жыл бұрын

For the morning meet up to grow, in addition to the sample episodes being posted which is great, you could also get to the point where you can post “this week on the morning meet up”, previewing who will be speaking or the topics of the week, as people act on fomo, and that can help to increase members.

@RealSocialProof 2 жыл бұрын

We do this every week actually, at the beginning of the week we post it on Instagram!

@superblakktruth3533 2 жыл бұрын

They do that weekly 💪🏾

@marcus-nc1ll 2 жыл бұрын

I’m a real estate investor.. Gotta ride with David on this one.

@CompoundBody 2 жыл бұрын

Dave is right on this one! Donni is twisting the meaning. I think the words have to be defined to make the argument clearly. -Leveraged income -passive income -delayed income -active income I think donni is mixing up delayed income with passive income. If you had to work for it, even if you are not working for it anymore, it becomes a leveraged or delayed income coming through passively. So its not purely passive but with the real estate play its more passive any of those other plays donni mentioned. So its not that anything is passive entirely but can be more or less passive.

@destined_bri 2 жыл бұрын

Yes those boots you need an affiliate link. As always Great Episode

@ShiftbyJazzmynn 2 жыл бұрын

David, if you are planning to "step your game up" in passive income specifically in real estate you have to also step your game up in involvment. Terrika is great but as you grow your're going to have to strategize on what you want. You will also likely have to involve other investors if you are looking to capitalize on other markets because it sounds like Terrika's main expertise is in Louisiana. You may need to strategize on updates you make to the property to maximize equity. You may have to actively leverage your doors to get more doors (BRRR or 4321 Method). It is a passive business in that you collect a check each month but you have to be involved in some capacity. Again, Donni is right. #TeamDonni lol

@Aroy_711 2 жыл бұрын

Most Amazing YT channel with righteous integral Heart centred operators your setting the tone for the culture. Keep creating and contributing to the Excellence we so desperately are in need of 👑👑👑👑💚💚💚💚💚🙏🏾🙌🏾🕯️ 🏆🏆🏆

@PettyStreetKev 2 жыл бұрын

DAVID IS THE BEST

@ThatBossSina 2 жыл бұрын

My online besties!!

@RealSocialProof 2 жыл бұрын

We appreciate the support!

@billiondollarbabymamatv 2 жыл бұрын

Mines too! I listen religiously ❤️❤️

@toriahelen8521 2 жыл бұрын

Please how do I learn to invest in crypto?

@johncoleman6999 2 жыл бұрын

Same here, I had always wanted to invest in crypto but I don't know how to. l don't want to loose on my savings.

@lucymary2344 2 жыл бұрын

I lost all my money trading crypto on my own.😞

@paulbrown3984 2 жыл бұрын

@@lucymary2344 Crypto is bigger than just sending and receiving coins in wallets,I got educated on DEFI,NFTs,Investing/Trading, Technical Analysis, Crypto Security,Risk management and how to trade like a professional.

@poppzthriller1660 2 жыл бұрын

I just started investing in crypto currency with an expert trader.I wish I knew about this since.

@lucymary2344 2 жыл бұрын

@@paulbrown3984 seems you've been into crypto for long. Please how can regain my lost money back?

@customfittedinc 2 жыл бұрын

I’m watching and taking it in doses this is juicer than love and hip hop this is mental spiritual physical mathematics present legacy so much I’m taking notes on everything lately you’ll be impressed I will be leaving notes next week on this video I will be leaving notes on the other video basically cliff notes this is classic I see Breakfast Club and so much more blessings🦋🦋🦋🦋🦋🦋👂🏾👂🏾👂🏾👂🏾👂🏾👂🏾❤️

@Maw3c89 2 жыл бұрын

Donni was right. Passive income does take work on the front in and it makes you passive money later. For instance, blogs, books, podcasts are all passive income. It keeps working for you after you stop working.

@kevingates7439 2 жыл бұрын

Scaling is the process of making income more passive

@selfcareaestheticsacademy 2 жыл бұрын

I’m in the beauty industry. I purchased maybe two course ($150 & $240 low ticket) but the funny thing is… I know nothing about the owner of the course. I just saw an ad on ig on the two courses. Now I’m working on creating a very similar model.

@bernapril20 2 жыл бұрын

I'm glad I was able to attend one session since I joined..... but Kyle is doing an AMAZING job!

@ShiftbyJazzmynn 2 жыл бұрын

David, Donni is right.

@jumpwithjess 2 жыл бұрын

Donnie reps the girlz right!!!!!!☝🏾👏🏾👏🏾💫

@ImAlwaysAshley 2 жыл бұрын

Yeeeaaaa...I'm with Donni on this whole passive income convo, lol.

@yahotehkokayi8648 2 жыл бұрын

Love the info as usual 🔥🔥 But Donni coming thru with the outfits!💯😎

@SEXYDREAD09 2 жыл бұрын

THE GREAT DEBATE!! ❤🤣🤣🤣 I LOVE IT. I LOVE THE VALUE YOU TWO BRING

@kng3rd 2 жыл бұрын

Even Crypto is pretty hands-free but you still have to do things. Passive doesn't mean never do anything. It just means you are putting in minimum effort to keep it going

@Kaylan119 2 жыл бұрын

Both of y’all are right!

@demetriuscarter9956 2 жыл бұрын

Another great podcast

@Mv3Trader 2 жыл бұрын

“I’m trying to help y’all get to where I’m going..” 💎

@likklemiss87 2 жыл бұрын

Thank you, another great one David and Donni! I make websites for a living, struggling to think how I can scale passed getting paid once for them.

@superblakktruth3533 2 жыл бұрын

Monthly management/maintenance & hire others to do it via upwork

@ladariusmckency693 2 жыл бұрын

Donni 🌹💚🧠

@MrSmellGoodt 2 жыл бұрын

If you love what you do it will never feel like work. If you love what you do you will never want to stop doing it. The vital question is do you truly LOVE what you do? Generally speaking

@tinishaturner1849 2 жыл бұрын

I’m experiencing dejavu… I swear this conversation happened before

@genesisthomas3958 2 жыл бұрын

I got that too felt like I seen this episode before I even went back to check

@RobWill5864 2 жыл бұрын

Glad to know I’m not the only one! Lol

@KCAlexander 2 жыл бұрын

Moral of the story both Passive and active income require activity. The only difference is whether or not Continue consistent active is required to earn money

@thierryaworet Жыл бұрын

both are right, but real estate is more passive. With or without marketing people always need a place to stay. Digital course it's great, but always need marketing to sell. People buy digital base on temporary need.

@bambowers8177 2 жыл бұрын

Peerspace would be great for your new studio space.

@deucealmightee 2 жыл бұрын

Intellectual property is the truest passive income. Writing a book can always bring money in. I have a gameplan for the book writing too. I dont just write a book to sell, but it can always b sold. Thats why td jakes keeps writing books

@kymmitchell1693 Жыл бұрын

I am committed that is what my beneficiaries receive a check for floyd my way back to assist me with dignity

@mediaaddictzclipz 2 жыл бұрын

Shanes I have to agree with Donnie on the passive income disagreement

@diamond3529 2 жыл бұрын

🙌🏽

@darrylbrown2799 2 жыл бұрын

“😂 ... it’s trademarked. 😐 (David: ‘Yeah’)” I cried laughing.

@pushinonpurposetv 2 жыл бұрын

Passive income is different for everyone. If you are making money for something that you don't want to do actively, that is passive income. We're always gonna have to do something and pay attention to something but when it's what you want to do and enjoy doing It can be considered as passive as well because your mind is not on the money for survival purposes.

@KCAlexander 2 жыл бұрын

Donni got her content set up like how music artists is still was able to release albums past death.

@jerrygomez4484 2 жыл бұрын

I feel like these two are just kind of throwing dirt on each other in a nice way. Trying to get the point across of whom is smarter and richer or what not

@KCAlexander 2 жыл бұрын

Stocks are active income because you have to open and close the trade. Even in buying shares, you have to sell your position in order to receive the profit. Digital content is indeed passive. Once created and published for sale the content being sold is not recreated or managed. I think David's confusion is with the time. Passive income just means you create something once and make money off it consistently without any additional effort put into it by its creator.

@yuvongore1530 2 жыл бұрын

Thank you Donnie , David gotta hold it down better for the fellas intellectually , no such thing as having a passive income by his logic

@jaredahughes 2 жыл бұрын

JOE! why you zoom in on thats mans curled up mustache like that! lol😂

@justicelaw4077 2 жыл бұрын

That's a bar🔥 I love y'all. Y'all a mess 😂

@r.mendoza5612 2 жыл бұрын

David, I see you realizing that Donni knows everything and she has done everything you are thinking about doing...🤣🤷🏽‍♂️ I still love the show!! Thank You!!

@michaelgreen7957 2 жыл бұрын

Where can I get that no days off hoodie?

@customfittedinc 2 жыл бұрын

#high Fashion killer 👌🙏🏾☝️

@PeterRodriguezz Жыл бұрын

I probably wouldn’t buy a course from a coach that wasn’t actively still posting in the space because i want the most up to date information. (Depending on what I’m trying to learn of course)

@TheInFluencersForChirst33 2 жыл бұрын

Getting rents for a propert can be passive. After you renovate it and tha increase the rent. The increased rent is the passive income.

@corybaby101 2 жыл бұрын

Donnie Do Be Fresh AF Every Episode 😍🤤

@chazknowles08 2 жыл бұрын

What's the link to crown me collections 👀

@KCAlexander 2 жыл бұрын

That's a shirt David "Copy the right Cat"

@gward117 2 жыл бұрын

stock dividends is as passive of an income any person can get. Houses require someone to touch it. Any business requires someone you are hiring to take care of it. Quasi passive. Big super rich people have regular passive sets of income. Someone just starting out can pretend to have passive income which is simply partially passive.

@JessicasTradingJournal 2 жыл бұрын

Hmm I’m feeling like David is being purposefully antagonistic in this one 😬 she held this conversation very well

@selinapena3276 2 жыл бұрын

Let’s gooo

@TMM9116 2 жыл бұрын

A business can be built on a personal brand and be passive, music is a great example. Artists create music that are decades old and still make money. Beyonce is definitely making money from Destiny's Child music.

@yo_mayes3361 2 жыл бұрын

Musicians build on a personal brand and even if they stop actively making music, they will still be passively compensated for their catalog…

@customfittedinc 2 жыл бұрын

👑👑☮️🦋

@masterjacksman7089 2 жыл бұрын

"VR for your audience be the first!!! "

@oebrapodcast9133 2 жыл бұрын

Who is the guy with the 🤠?

@jeffdorris5321 2 жыл бұрын

👽👍

@donedissertation 2 жыл бұрын

There's nothing 100% passive, but real estate income is as passive as you can get (even more than digital products). The rent comes in monthly and you have to do nothing for it but have an ownership position in the property. If you have a property manager in place you can get really passive and maybe have to work on it 1-2 hours a month.

@jameschester10 2 жыл бұрын

Anyway we can get garyvee ? That’d be such a dope interview!!

@somebody2310 2 жыл бұрын

GaryVee would be using all kinds of profanity. Dave would have to trash the episode.😂🤣🤣

@KimHelm 2 жыл бұрын

David. . Example, Elvis Presley been dead decades and makes way more money than when alive. It has taken care of his family generationally. Donni, true about Aaliyah her record company was trash. Her albums weren't available.... No passive business exists that doesn't require someone's activity. There are Passive Income STREAMS though. I'm with Donni all day on that. Evergreen digital products (no group) are passive income streams. However you set up automated system for ads to continually promote it. I don't think passive means zero action. Even if it's only 5 mins week or month. I'd still consider it passive though. I think in the example of your friend taking year off and money the same. Because he has rental units and someone managing and receiving payments . That's a great passive income. Love yall, great episode as usual...

@BuildABossEmpire 2 жыл бұрын

33:19 😂 step your passive game up. (Note to self)

@fatmack8280 2 жыл бұрын

Donni 🤤🤤😍😍

@donbiz3540 2 жыл бұрын

Dave you cool, but Donna looking nice I love her, just love seeing her, she got style n grace

@niquenaque2007 2 жыл бұрын

yes keep the cameras lower cuz damn lol

@MNWCHARTING 2 жыл бұрын

Donnie B fine as isht

@heartstrings110 2 жыл бұрын

Who is Donnie B?

@benoitchambers8348 2 жыл бұрын

She knows she's hot. 🔥

@NOVELVIEWS 2 жыл бұрын

have they heard of a faimly office

@TheTeslaTy500Show 2 жыл бұрын

Mmmmmmmmmmhhhhhmmmmmmm

@jahreelewis9540 2 жыл бұрын

I think a scam account is using your name Donni. They asking for bitcoins and all kind of stuff

@Indigoje95 2 жыл бұрын

I’m trying to hobbit he meet up in person his can I get more info I just joined morning meet up today.

@spirituallymommy2646 2 жыл бұрын

Lol that is DEFINITELY passive income 😂

@thefraudproofceo 2 жыл бұрын

Dr. Myles Munroe is dead and his business is still thriving; and he was definitely his business.

@somebody2310 2 жыл бұрын

Hey Donni men are that way because we just are...🤣🤣🤣 Just like women are like women🤣🤣🤣

@somebody2310 2 жыл бұрын

Oh Donni did win Dave.

@PeterRodriguezz Жыл бұрын

Donni has it passive. David just wanted to disagree lol

@trioduece7559 2 жыл бұрын

David is really not that smart but he’s surrounds himself with smart people. David Is smart Adjacent.

@KimHelm 2 жыл бұрын

He actually is smart and knowledgeable. Lol you must don't watch often

@somebody2310 2 жыл бұрын

He's smart. He is just slow in a good way. I really mean it. He's also a hustler with an outstanding work ethic. So he is in the position he is in. But him being adjacent to smarter people definitely helps out. 😄 Keep doing what you doing Dave. I ain't mad at it. One time for us slow smart adjacent people...😂

@customfittedinc 2 жыл бұрын

Bravo!!! let’s manifest that show ! Tyler Perry would love to help you look into that ..imagine pitching your segment on one of his shows entertainment and education??!!! hey just picking the brain 🧠 to get those thinking juices flowing☮️💕