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Income

How to started on this path of passive income

Make money good, but why do you want to make money for what?  For happiness. For happiness, good. Hang out with my friends. Hang out with your friends, a little bit more free time yes. Help people. Help people good, make a difference. Travel the world. Travel the world very nicely. Security. Security, good. For my kids, for my kids. For your kids, to provide for your family, great. So I can say F-U government. To say F-U to the government, good, good.  How many of you got into business in the first place because you saw there’s maybe a problem. And you would like to solve their problem? Can I see a show of hands, okay?

How many of you got into a business because maybe you saw a product or service whatever it might be and you thought you know what I can do better than that. And you started your business just because of that? Interesting interesting. So the first, by the way, this is going to be a more interactive experience. I don’t believe me just lecturing and stuff like that. So I just don’t just want to be talking and lecturing we’re gonna be doing shit here okay. Is that okay? So the first things I want you to do, I want you to find a partner, find a what? Partner. And preferably someone you don’t know, so go ahead and find a partner first. Find a partner you don’t know.

Yep, yep two, you got it, you got it.  Can we have threesomes? It’s up to you, somehow I kinda get a different picture in my mind now. Yes, you could yes that’s fine. Everybody has a partner, everybody’s got a partner, yes okay, good. So what I want you to do, I want you to discuss for two minutes. What does passive income mean to you, and what does financial freedom mean to you. I’ll give you two minutes, just among your partners go. Give your partner a high five and say thank you for sharing. Thank you for sharing. So you know what does it mean to you and it’s very personal, everybody means. It means different things of course, and tonight.

I’m gonna share some things with you, well first of all the truth will set you, what. Free. But first, it will Piss you off.  piss you off. And I’m gonna say some things tonight that I think will shock you and I know that why you came here. And I also now know what you came here to learn. But I think what you walk away with from tonight, might be quite different than what you expect. You might think you’re coming for one thing, but I think you’ll walk away with something way more valuable. You might think tonight is a money conversation, but then at the end, you might realize, it might be a lively conversation.

So it would be quite interesting, and I think last time I did this, it was extremely powerful, and people were blown away by what I shared, and some people were pissed off. And it’s normal because sometimes it piss you off first and then you’re like damn. That is the truth and it might take a while for you to digest but if you actually you are if you’re open what’s the word?  Open. Opened. I think you’ll find it incredibly liberating but let’s see what happens okay. Let me tell you a little bit about my journey and how I started on this path of passive income. How I generate passive income, I first came to Canada years ago with no money, no connections. And not a word of the English language on my lips you can tell from my accent.

I was born in Hong Kong I came here when I was 14 years old, and my mom and dad got divorced when I was 16 years old. So I was the only child my family, so at an early age, at first, my dad was you know, sending us some little bit of money. But later on, because his company went bankrupt, in Hong Kong so he stopped sending us money. And all we had is whatever we brought to Canada. So as a young boy then I had to mature very quickly because then I had to provide for my mom, I had to take care of my mom. At an early age, to me, I was never interested in money, it wasn’t, it was never my thing. I was, I thought you know at the time I was very much into a martial art, I thought my biggest dream in the world would just be a martial art instructor, that was it.

But then I realize at the time my martial instructor, was broke. He had five students, and only two were paying him, and I was one of them. So I thought maybe that’s not a good way to make a living and I couldn’t provide for my mom but what’s interesting is looking back. What I realize is that I have I’ve always had a teacher’s heart, I like to teach. So now the difference is I’m not teaching the martial art. But I’m teaching entrepreneurship and business, that’s my passion, and you see I’m very passionate about what I do. So through that experience, I started my first business when I was in high school with a couple of my buddies a lawn mowing business.

Now let me tell you about lawn mowing business, we start off with you know. We had a lawn mowing machine, and a couple of buddies and the business was okay. It was doing quite well, except we just didn’t have any customers, everything else was good. So now in business, when you don’t have customers what happens? You go broke. Go broke. And then when you go broke do you still have a business, no. So I learned my lesson there, so you know we failed very quickly and then I started another business. And I thought to myself, you know what, learned my lesson and dust myself off, learn from my mistakes, started the second business. And I said to myself, “This is it, I can feel it.

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