Chris Koerner

I would define it as income that you receive that you don't have to continually put effort towards, like buying treasuries, earning 4% on your money, and you don't do anything, and you just get paid.

And it's very hard to find, especially early on.

Like we have to be willing to create active income, sweaty income, ugly income, like by whatever means necessary.

And the more we do that, the longer we do that, the more realistic true passive income actually is.

Sweaty, ugly income.

Give me an example of some sweaty, ugly income that anyone listening right now could create.

What are your favorite examples of non-obvious businesses that people have started that have resulted in passive, sweaty, ugly income?

Yeah.

I mean, most things that I've started have been just that.

I had a...

A concierge car buying business.

A concierge car buying business.

Yeah.

What's that?

So picture a traditional car dealership, a used car dealership.

You've got to get your dealer's permit.

That enables you legally to go to the auctions and buy cars at wholesale.

Put them on your lot and sell them.

So I did all the regulatory stuff.

I got my dealer's permit.