WHY PASSIVE INCOME IS CRITICAL? And how to get it?

1st Why?
Out of a job for a year is NORMAL
- 60% of American adults live with chronic illness
- 42% have more than one
- 1/4 Americans will have a disability (That’s 61 MILLION PEOPLE)
Even for us young hustlers:

- 1/4+ of today's 20 year olds can expect to be out of work for at least a year bc of a disabling condition before they reach retirement
And yet we SUCK at saving:

65% of households lack a mere six weeks of take-home pay on hand.

37% of respondents unable to cover more than a month of normal spending.
Passive Income Stream #1: Mini Casas

- Tiny homes = $4k a month income from $70-100k investment

contrarianthinking.substack.com/p/tiny-homes
Passive Income Stream #2: Hipster Glamping

- Buy land, rent it to campers (Buy land for $10k make $1500 monthly)

contrarianthinking.substack.com/p/dirt-profits…
Passive Income Stream #3:

- A portfolio of small bets. Get you some.

contrarianthinking.substack.com/p/why-side-hus…

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More from @Codie_Sanchez

9 Jun
How do you oversee multiple businesses?
How do you make sure you're growing?
How do you focus on the right things?

I get asked these questions CONSTANTLY and

SCORECARDS: A thread on how I oversee 15+ businesse's at a time, 1 snapshot at a time:
First up: There are probably MUCH better and fancier ways than all of these...

Keep it simple, stupid. There is no exact right way I can show you.

Goal is --> what gets measured gets managed
So you wanna run a media biz?
Scorecard that got us our 1st 25k followers at Contrarian Thinking.

Grow Baby Grow - Marketing spreadsheet Image
Read 6 tweets
6 Jun
Can't believe I'm saying this...

I'm actually concerned we may default on our national debt.

Anytime a country has gone to 130% det / GDP it has been a metaphorical point of no return.

The country has defaulted, a 🧵based on an industry report that got me humming.
Story time: Over the past 200 years

98% of nations that hit 130% defaulted on their debt (usually through inflation.)

Japan is the only one in 200 years that hasn’t defaulted BUT

Japan is rare...
Japan is a nation:
- in budget surplus (i.e. they run a net profitable biz)
- internally funded (i.e. they buy their own goods)
- with a Net Int’l Investment Position (NIIP) of +70% of GDP (aka they save a lot, and can ask for their $ back from other countries i.e. US.)
Read 5 tweets
5 Jun
Investors as Influencers? It's a thing now

I want to invest in a portfolio of "influencer investors" & their funds

Who do I need to know??

*Even Investors worth $46 Billion are getting "influencey"* A 🧵
Investors are going to increasingly become influencers IMHO

Why?

L-E-V-E-R-A-G-E

Leverage is the multiplier

If you REALLY like a deal, you don't just go ALL in. You go 110%+ in.
There are four types of leverage:

Labor + Capital + Code + Audience

Audience is the new kid on the block.
Read 8 tweets
3 Jun
About 30k of you contrarian hooligans follow me here since I started regularly twittering* 6 months ago

To celebrate: a mega-thread of my fav threads I've written.

18 threads to teach you more than an MBA on M&A (& cost ya way less 😉)
(1) Playbook on using laundromats to create boring but predictable cashflow
(2) How to buy land for $10k and make $1.5k/ month on it
Read 22 tweets
28 May
Everything in life has rules. How you negotiate pay, buying a company, getting equity, or just a new job.

If you don’t spend time understanding the frame of deals, you’ll get taken to the bank just about every time.

Don't get taken to the bank⬇️
#1 Every Deal Is About 1 of 2 Things
Money or power.

Every deal.

People will disagree with me here. They’re wrong. So figure out what is important to the other side and you’re already ahead.
#2 Every deal has two aspects: Price & Terms

The saying for dealmakers:

"You can have your price and my terms, or my price and your terms... but you can't have both. "

Secret: Control the terms, you control the price
Read 7 tweets
27 May
Every human should have their rules for life thought out.

What drives you? What is your own personal set of commandments? What lines will you never cross?

I asked my Navy SEAL man, Chris, to write out his 10 rules for life:
#1 Only prove your love, not your worth

- The loudest is a target
- Under-promise, over-deliver
- Humility in everything
- Don’t make excuses for your standards
- Always stay ahead
#2 Strength through conflict and competition

- Iron sharpens iron
- Resiliency is a purpose
- Complacency kills
Read 13 tweets

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