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(CNBC)   Buy this 38-year-old's online coaching classes to find out how he makes $160,000 per month in passive income   (cnbc.com) divider line
    More: Unlikely, Gramophone record, YouTube, Google, online presence, online courses, production business full-time, online businesses, Recording Revolution  
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567 clicks; posted to Business » on 06 Apr 2022 at 1:40 PM (11 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



16 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2022-04-06 2:08:23 PM  
The real money in fire is always teaching other people 'how to fire' forgetting the step 1: get lucky.
 
2022-04-06 2:59:21 PM  
You see these f*cking stupid articles all the time.

"I work less than ever and make more than ever!"
"See this housewife who makes $80,000 a week buying and selling crypto!"
"Last week I ate a pizza box I was so broke and now I'm shopping for a yacht! Here's my trick, so easy!"


The first absurdly obvious hole in this story is that he lost his job at age 26 and made his "side hustle" his main focus and now he's 38. That's 12 YEARS it took to get here. That's 12 years of needing to eat, keep a roof over your head, and in this case, also have a family. So the idea that all of a sudden *POOF* my idea has me rolling in cash, doesn't seem to be the case.


Second, this guy was an audio engineer and also, presumably, a musician. He already has specialized knowledge that he can monetize. What if you don't have specialized knowledge? What if you don't have a degree or a designation or a trade? Well, you're missing the single thing that glues this success story that happens undoubtedly to fewer than 1 in 20 people.


Third, and most cynically of all, these stories are published by mainstream media outlets to normalize the notion that no one needs a job with salary, benefits, or any sort of certainty anymore. You're just going to go out there and do this thing that we have already covered has some very significant barriers to entry and takes a very sizable time (and likely financial) investment and *BOOM* $160,000 a month in passive income.


What an absolute bunch of drivel.


Thanks for coming to my TED Talk.
 
2022-04-06 3:24:14 PM  

Rev.K: You see these f*cking stupid articles all the time.

"I work less than ever and make more than ever!"
"See this housewife who makes $80,000 a week buying and selling crypto!"
"Last week I ate a pizza box I was so broke and now I'm shopping for a yacht! Here's my trick, so easy!"


The first absurdly obvious hole in this story is that he lost his job at age 26 and made his "side hustle" his main focus and now he's 38. That's 12 YEARS it took to get here. That's 12 years of needing to eat, keep a roof over your head, and in this case, also have a family. So the idea that all of a sudden *POOF* my idea has me rolling in cash, doesn't seem to be the case.


Second, this guy was an audio engineer and also, presumably, a musician. He already has specialized knowledge that he can monetize. What if you don't have specialized knowledge? What if you don't have a degree or a designation or a trade? Well, you're missing the single thing that glues this success story that happens undoubtedly to fewer than 1 in 20 people.


Third, and most cynically of all, these stories are published by mainstream media outlets to normalize the notion that no one needs a job with salary, benefits, or any sort of certainty anymore. You're just going to go out there and do this thing that we have already covered has some very significant barriers to entry and takes a very sizable time (and likely financial) investment and *BOOM* $160,000 a month in passive income.


What an absolute bunch of drivel.


Thanks for coming to my TED Talk.


Where can i send you money?
 
2022-04-06 3:42:50 PM  

Rev.K: The first absurdly obvious hole in this story is that he lost his job at age 26 and made his "side hustle" his main focus and now he's 38. That's 12 YEARS it took to get here. That's 12 years of needing to eat, keep a roof over your head, and in this case, also have a family. So the idea that all of a sudden *POOF* my idea has me rolling in cash, doesn't seem to be the case.



The key to "getting rich quick" is that it takes YEARS of hard work in preparation.
 
2022-04-06 4:07:49 PM  

Rev.K: You see these f*cking stupid articles all the time.

"I work less than ever and make more than ever!"
"See this housewife who makes $80,000 a week buying and selling crypto!"
"Last week I ate a pizza box I was so broke and now I'm shopping for a yacht! Here's my trick, so easy!"


The first absurdly obvious hole in this story is that he lost his job at age 26 and made his "side hustle" his main focus and now he's 38. That's 12 YEARS it took to get here. That's 12 years of needing to eat, keep a roof over your head, and in this case, also have a family. So the idea that all of a sudden *POOF* my idea has me rolling in cash, doesn't seem to be the case.


Second, this guy was an audio engineer and also, presumably, a musician. He already has specialized knowledge that he can monetize. What if you don't have specialized knowledge? What if you don't have a degree or a designation or a trade? Well, you're missing the single thing that glues this success story that happens undoubtedly to fewer than 1 in 20 people.


Third, and most cynically of all, these stories are published by mainstream media outlets to normalize the notion that no one needs a job with salary, benefits, or any sort of certainty anymore. You're just going to go out there and do this thing that we have already covered has some very significant barriers to entry and takes a very sizable time (and likely financial) investment and *BOOM* $160,000 a month in passive income.


What an absolute bunch of drivel.


Thanks for coming to my TED Talk.



the Key to All Money Issues is to own enough company stock so you can live off other people's Labor in perpetuity.

--American God
 
2022-04-06 4:08:58 PM  

Excelsior: Rev.K: The first absurdly obvious hole in this story is that he lost his job at age 26 and made his "side hustle" his main focus and now he's 38. That's 12 YEARS it took to get here. That's 12 years of needing to eat, keep a roof over your head, and in this case, also have a family. So the idea that all of a sudden *POOF* my idea has me rolling in cash, doesn't seem to be the case.


The key to "getting rich quick" is that it takes YEARS of hard work in preparation.



or you can be born into it like 66%  of murcan wealthy people are.
 
2022-04-06 4:12:12 PM  

Excelsior: Rev.K: The first absurdly obvious hole in this story is that he lost his job at age 26 and made his "side hustle" his main focus and now he's 38. That's 12 YEARS it took to get here. That's 12 years of needing to eat, keep a roof over your head, and in this case, also have a family. So the idea that all of a sudden *POOF* my idea has me rolling in cash, doesn't seem to be the case.


The key to "getting rich quick" is that it takes YEARS of hard work in preparation.


Don't forget money, because it usually takes a lot of  money.
 
2022-04-06 4:48:43 PM  
It is like the old joke.

A man sees an ad in the paper. It says, "Earn a good income from home. Send $20 for more information."

You send in the $20 and you get a letter instructing you to place and ad that says, "Earn a good income from home. Send $20 for more information."
 
2022-04-06 5:23:39 PM  
This is a 1000-word ad. That's all this is.
WTF is this even doing here??
 
2022-04-06 5:25:12 PM  

Ronnie_Zman: This is a 1000-word ad. That's all this is.
WTF is this even doing here??


It's not news, it's CNBC.
 
2022-04-06 5:51:27 PM  

anfrind: Ronnie_Zman: This is a 1000-word ad. That's all this is.
WTF is this even doing here??

It's not news, it's CNBC.


The entirety of CNBC's "Make It" section are ads masquerading as journalism.
 
2022-04-06 6:36:25 PM  
Don Lapre is in the house.
 
2022-04-06 10:30:49 PM  

Rev.K: You see these f*cking stupid articles all the time.

"I work less than ever and make more than ever!"
"See this housewife who makes $80,000 a week buying and selling crypto!"
"Last week I ate a pizza box I was so broke and now I'm shopping for a yacht! Here's my trick, so easy!"


The first absurdly obvious hole in this story is that he lost his job at age 26 and made his "side hustle" his main focus and now he's 38. That's 12 YEARS it took to get here. That's 12 years of needing to eat, keep a roof over your head, and in this case, also have a family. So the idea that all of a sudden *POOF* my idea has me rolling in cash, doesn't seem to be the case.


Second, this guy was an audio engineer and also, presumably, a musician. He already has specialized knowledge that he can monetize. What if you don't have specialized knowledge? What if you don't have a degree or a designation or a trade? Well, you're missing the single thing that glues this success story that happens undoubtedly to fewer than 1 in 20 people.


Third, and most cynically of all, these stories are published by mainstream media outlets to normalize the notion that no one needs a job with salary, benefits, or any sort of certainty anymore. You're just going to go out there and do this thing that we have already covered has some very significant barriers to entry and takes a very sizable time (and likely financial) investment and *BOOM* $160,000 a month in passive income.


What an absolute bunch of drivel.


Thanks for coming to my TED Talk.


At least TED talks are labled at the top. Bullshiat advice from people that have no right to give advice. Every TED talk seems to have the integrity of Mitt Romney borrowing money from his parents to start an investment fund.
 
2022-04-07 1:19:38 AM  
Literally none of his income is "passive."
 
2022-04-07 2:13:03 AM  

The_Philosopher_King: It is like the old joke.

A man sees an ad in the paper. It says, "Earn a good income from home. Send $20 for more information."

You send in the $20 and you get a letter instructing you to place and ad that says, "Earn a good income from home. Send $20 for more information."


That's not even a joke, it's literally the "envelope stuffing" scam.
 
2022-04-07 4:15:40 AM  
A responsible journalist would have included interviews with Cochrane's customers.

But as someone else pointed out, this isn't reporting, but advertising, and probably written by Cochrane himself.
 
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