Thanks Louise. Means a lot coming from you :)

I disagree. If you are younger, it is oversold, but if you work for 20 years and amass 7 figures, streams of passive income can get you a six figure income for doing nothing. Think of it like combining rental property income, crowdfunding platforms like Fundrise, dividend stocks (and a pension or IRA if you are retired) 100k plus passive income is very attainable. I am living proof.

I didn't quite follow. How does the 'six figure income for doing nothing' happen?

Healthy pension and retirement investing

Obi-wan Ralinoro Let's be real, we are all slaves to money and it will stay that way because the current system is designed on the premise that a human being is valuable only if has money to support the system via infinite consumption and endless growth. We all know that is not a viable system because we live on a planet with restricted resources and you can't have economy based on endless growth and endless consumpation for a long time. I don't believe it is going to change for better because there is so much power in thr hands of a tiny group of bilionaires. Peope absolutely hate their jobs and we suffer from epidemics of depresion, anxiety and inequality is absolutely the main reason for that. I've been moving a lot and I know like 2 people who like their jobs but even they admitt it's too stressful. We've been told that competition is the best thing about humans. Boy, what a bullshit that is. It doesn"t take you too much to read number of researches which documented how terrible consequences you get when you structure a group of people on competition like distrust, winners vs losers divide, rich people getting sociopathic behaviour lile cheating, lying, losing empathy etc. So, yeah... I work coz I would be dead otherwise. And there is no such a thing as freedom in the current economic system supported by the toxic idea of national identity to cover up all of its catastrophic consequences. George Carlin said "You think you are free? Just try going somewhere without money"

So, lot of points in this discussion already. I will just add that my 'solution' to all of this is to find work that you believe in or like doing. It's such a shame that people hate their jobs but rather than blame 'working', I think we should explore what work might make us happier and follow a mission that we believe in. Maybe it's just me but I tend to enjoy the times where I'm 'working' on something I care about more than basic leisure time (such as watching TV or hanging round the house)

Chris the Freelancer I get what you are saying and I am happy for everyone who is happy at what they are doing, I really am. But vast majority of people hate their jobs. And it's difficult to chase what you really like doing if a) you don't have enough money to survive so you have to work the things yoi hate just to survive b) if what you like doing can't bring in money, or as we hear it's not profitable - it's useless. So vast majority of people are stuck in this endless cycle. I know this discussion went off the rails a bit, we tried to look at bigger picture. I firmly believe that in the next 20 years we will change our perception about terms like 'job' and 'work' because robots are behind the corner and technology is becoming so much more efficient that it will outpace the creation of new, mostly bullshit jobs. And the very need of our culture that people must have some 'job' which affects them badly in all ppssible ways and does not have any meaning is wrong. And it's a vaste of ones creativity. And then we come to the educational system which is again based upon competition and not sharing the knowledge. This winners-losers mentality is killing us and I don't see how anything can change for better without changing that foundation. People think that if we don't 'work' we would start taking drugs and everything would collapse. Nonesense. When you remove that foundational cause of depression, inequality and violence, your creativity in problem solving would flourish. Look at all the inovators... Vast majority of them were either poor or averige when it comes to finance, but they shared their knowledge with the world anyway. I was taught that if you invent something you will be rich. That's not true. But the incentive is money and not actual problem solving and helping the world. Thr CEO of Goldman Sachs said 2-3 months ago when talking about pharmacy industry that it may be good for humans if you solve problems regarding our health but it's bad for business. I think in that sentence you have evrything what is wrong in our currnet system. Now I see this and I acknoweledge there's no structure whatsoever in this post haha Anyway, wish you all the best Chris P.S. I tried to register on Skillsgare for your html & css course but I couldn't. I don't know why. I do all the registration and when I click sign in...nothing. Does it have to do with the browser (Firefox)?

Winchestah Work and creativity actually dont go hand in hand. Just look at reasearches on people's happiness and creativity at work and youll see shocking results. And then you have en apidemic of depression across all age groups. Keep in mind that 99% of humans presence was without money. We evolve to share and feel empathy and to be curious - which is impossible in todays capitalistic dogma. You cant express creativity in an authoritarian structures like corporations. And if you solve something hugr and actually help people in long-term, then you are out bc you cant sell to peoplr anymore. Its all about selling and advertising and consuming and selling. You have to compete all day! Of course you will look just for profits and create instability, inequality and violence. And the notion that if we someday abolosh modern slavery aka working for money, that people would sleep all day is actually what is so naive. Just imagine some open source projects where people across the globe can work without worrying about money and actually solving some world problems on all fields on a large scale, imagine all the geniuses creating thr best and sustainable cellphone, car, house without being obsessed about profits all thr time and how to screw as much people as possible, imagine having pharma industry actually carrying about people not the profits. That would be real creativity and real problem solving. Economy based on sharing and sustainability. Now, I know nothing like this will happen. So prepare yourself for more shitty jobs, wars, even bigger inequality and social instability. Europe will explode with fascism, its just a matter of time.

Couldn't agree more! I sometimes miss my days working in hospitality also :)

It's never too late to pick up an odd shift here or there, right? 😉

Thanks for your comment, Alistair. According to my own definition, 'Passive Income' is just income that you earn without trading your time directly for money.

CD: Yes, good points. Always look forward to your videos. Thanx

Yep. Investment income is probably the most passive you can get but as you mentioned, there is still some work involved ;)

Rode SmartLav+ and Voice Record Pro

What type of work do you do now?

Haven't changed my banking at all except for one change which was to switch to a card with no international ATM fees. All my banking is in Australia.

Thanks for the response! How do you handle your taxes?

No changes to how I pay tax either. I think that US people get a $100,000 benefit if they live outside the country for 11 months of the year but Aussies don't get that.

Thanks mate im a Brit, saw you ages ago in Bali! good luck! real inspiration and come across as an all around great guy!

haha did I mention Steve?

he was on your IGTV

I don't think so...

I get ya. That's kind of the idea of the video, that 'passive income' is not all that passive. With KZfaq ad revenue however, you may be surprised to hear that my top earning videos each month aren't usually the ones I created in that month but rather, ones I produced years ago.