Alex Hormozi: Why I REGRET building a passive income business...

The video is about why Alex Hormozi regrets building a passive income business and argues that active income is better.

This video by Alex Hormozi was published on Nov 3, 2021.
Video length: 10:54.

In this video, Alex Hormozi talks about his regret of building a passive income business and why he thinks passive income is not as great as people make it out to be.

He shares his observations of successful entrepreneurs who continue to work actively and pursue challenges, and how he and his wife make around six million dollars a year passively but found it more fun when they were actively involved in their businesses.

He argues that there is no off switch on a tiger and that true passive income is rare, and that people should focus on making active income great again.

• Alex Hormozi regrets building a passive income business and argues that active income is better.
• Passive income is not as great as it sounds and is not truly passive unless you own stocks and get dividends from them.
• Entrepreneurs are not meant to not work and passive income can lead to emptiness and lack of purpose.
• Active income is more fulfilling for entrepreneurs and gives a rush and is high octane.
• Having the option to build a business that can run without you is important, but choosing to work for the love of working is a personal choice.
• Seeking pleasure is boring and doing the things that got you to where you are is more fulfilling.
• Active income should be made cool again and we have the freedom to choose, not the freedom to do nothing.

Why I REGRET building a passive income business... - YouTube

Introduction

• Alex Hormozi has taken 37.9 million dollars in dividends out of his business in the last 36 months.
• He regrets building a passive income business and argues that active income is better.
• Passive income is not as cool as people think it is.
• 99.9% of people will never have true passive income in any material amount.
• Passive income just means you trade a smaller percentage of time for money.

Active Income vs Passive Income

• Passive income is truly passive only if you own stocks and get dividends from those stocks.
• If you actively manage your passive dividend stocks, then you have active income.
• Active income has gotten an ugly name, but everyone trades time for money.
• Passive income is one of these things that people talk about all the time, but it's not as great as it sounds.
• We like to speak in the binary of active versus passive when in reality, it's how passive or how active is this income stream.

Why Passive Income Blows

• Entrepreneurs are not meant to not work.
• Passive income is not fun compared to actively being involved in your business.
• Passive income can lead to pursuing a pleasure-filled life, which is not fulfilling for entrepreneurs.
• There is no off switch on a tiger when you turn it off; it's not pretty.
• Passive income can lead to regretting not continuing to solve problems in your business.

Why I REGRET building a passive income business... - YouTube

Conclusion

• Active income is better than passive income.
• Passive income is not as great as it sounds.
• Entrepreneurs are not meant to not work.
• Passive income can lead to regretting not continuing to solve problems in your business.
• Active income is more fulfilling for entrepreneurs.

Passive Income is not as Cool as People Think

• Passive income is not a real business.
• Building a business that can run without you can be boring.
• Passive income can lead to emptiness and lack of purpose.
• Working for the love of working is more fulfilling.
• It's okay to run your business and enjoy it.

Active Income is Better

• Focus on working for the love of working.
• Having a job is the first thing that God gave Adam, not Eve.
• Active income is more fulfilling than passive income.
• We are meant to work and have the freedom to choose, not the freedom to do nothing.
• Active income gives a rush and is high octane.

Freedom to Choose

• Having the option to build a business that can run without you is important.
• Choosing to work for the love of working is a personal choice.
• Passive income is not as cool as people think it is.
• Active income should be made cool again.
• We have the freedom to choose, not the freedom to do nothing.

Seeking Pleasure is Boring

• Seeking pleasure is not the game.
• It's incredibly boring.
• Doing the things that got you to where you are is more fulfilling.
• Having all your time back but nothing to do is a bad position to be in.
• Working for the love of working is more fulfilling than seeking pleasure.

Watch the video on YouTube:
Why I REGRET building a passive income business... - YouTube