Mark Cuban's Passive Income Playbook: Top Seven Ways To Make Money While You Sleep

Bran said:

Davi said:
@Bran
If you can 4x 500k in 4 months then you can 4x 50k.

Only, really need $25k to really get things going.

Shouldn’t have much trouble starting with 5k then.

@Davi
The ‘more leverage’ you have the bigger the return. This morning I missed a good one, the value was around $0.45 and it reached over $2, trading was halted at least once that I know of, with volume of over 20m shares at just after opening bell.

@Bran
The leverage is super important. Fortunately for you, you’ve got a system with such a high ROI that it really doesn’t matter where your starting point is. 12x on your position annually means that if you can get a thousand bucks in then in 5 years you’ll have 250mln. You don’t even need leverage at that point. You’ll be set up for life. If your strategy can scale you’ll be the wealthiest man alive by several hundred billion in less than a decade. You don’t need 500k. You just need some focus and acceptance that the snowball takes a couple years to grow. Good luck out there.

If you truly believe that 25k is the threshold, then for returns this fat you should work 120hrs a week and take every job you can to save up that money. There isn’t going to be a better use of your time.

@Davi
Thank you, I just want -would like- some more people who have the ability to move forward as well. I’ve been around people who brush elbows with some really wealthy people who are interested in seeing nice results/returns on their investments. Putting 5M into start-ups and not really seeing a significant return in 4 years is weird. Giving away 40% of your IP just to keep the company going is strange. I’ve seen the look of how stressful it can be to not show a profit in over 3 years. Then complain that labor costs are too high when my efforts have shown a much better ROI with a different group of people who definitely think differently. Be safe everyone.

@Bran
You don’t need them. You’ve got a better ROI for your system than basically anyone has ever devised. You can skip all the nonsense.

Davi said:
@Bran
You don’t need them. You’ve got a better ROI for your system than basically anyone has ever devised. You can skip all the nonsense.

That’s actually kinda funny—a better system than anyone has ever devised. That statement is so amusing. My ROI is extremely good; I have the documented proof to back it up that’s for sure. Do I have the time to serve all the opportunities out there? NO. What I’ve learned in the past few years is just fantastic. With that being stated, I’ll enjoy the day when I acknowledge about $5k or $8k a week without working for anyone.

@Bran
This comment is empty; admin should fix.

@Davi
The weirder part is seeing people looking for a deduction who are willing to support a startup for 10 years. It’s very amusing to see people called a serial entrepreneur putting money into startups that go nowhere. Must be nice.

Tai said:
These high performing stocks are why people aren’t getting better raises. Investors get paid first.

Isn’t that what the suggestion is - become an investor in those stocks?

Tai said:
@Finch
We’re both right. We just have different points.

I love the way you said this.

Holland said:
@Finch
Other suggestion is that participating in the stock market is destroying the world.

Technically it’s attacking Americans. China and Russia will gladly join in the rape of the American people. Europeans are also getting rich off US stocks.

The powers that be are allowing it to happen because…

@Finch
Reddit hates Robert Kiyosaki but they still agree his first book Rich Dad Poor Dad is solid and pretty much says this.

If you want a fun and easy financial audiobook, I recommend The Richest Man in Babylon (1926). Listen to it at 2x speed and be done in like 2.5 hours.

@Onyx
Automod removes all comments with links.

Tai said:
These high performing stocks are why people aren’t getting better raises. Investors get paid first.

Individual stock picking is not for average investors.

Tai said:
These high performing stocks are why people aren’t getting better raises. Investors get paid first.

Be an investor, then.

Mark Cuban said that dividend-paying stocks, REITs, and high-yield savings accounts are among the easily accessible investment options people can explore for passive income. He also thinks peer-to-peer lending can offer steady income via interest payments.

@Darby
So basically by starting rich. :joy:

Hadi said:
@Darby
So basically by starting rich. :joy:

How so? You can start with any amount and keep on doing it for years.

Nico said:

Hadi said:
@Darby
So basically by starting rich. :joy:

How so? You can start with any amount and keep on doing it for years.

Yes, but you have to have enough DISPOSABLE INCOME to be able to do it. Many of us live paycheck to paycheck and while I’ve tried to take some of this advice, and trading in a Starbucks latte for a $3 can of yuck and thin TP rather than the lovely more expensive soft stuff … I’ve had to many times pull some out to keep the lights on or petrol in the car. Less vacations? What vacations? There have been tests proving that raising the minimum wage doesn’t create inflationary conditions. But the rhetoric is still pushed to keep the wage gaps in place and wide. There are many who feel the need to be financially superior to others. Fact.

I still have my brokerage accounts and there is still money in them. But not even remotely enough to change ANYTHING to positive about my life.

@Sky
There are many ways to save than just cutting back on Starbucks. It’s more about treating yourself to the good stuff. Want Starbucks? Save it for a Saturday morning after a week of work.

Prepared meals is a good start. You can buy bulk meats and different vegetables to switch it up. Again, save the treat yourself meal for Friday night after a week of work.

Entertainment? The library. You can get a lot of digital books right on your phone.

Gas? I figured out a while ago that a car is a terrible expenditure. A WFH job will cut that out.

Also, a credit card that is used wisely and paid off monthly can be a benefit. You can get reward points back to use on gift cards to said restaurants when you treat yourself.

Not trying to argue; just trying to help. And some of this stuff will take time, but what you are doing is trading your time for better financial security.