Codie Sanchez

You could have a boring business that you find an operator to run, so it only takes you a few hours a week, but there will be an upfront cost.

All right, thanks for coming to my TED Talk.

All right, thanks for coming to my TED Talk.

That's my rant on passive income.

That's my rant on passive income.

Totally.

Totally.

My father said something that always sticks with me, which he was like, you haven't actually been an entrepreneur or run a company until you've woken up at two in the morning in the middle of the night and sat in your living room on your couch in the absolute darkness and wondered, how are you going to figure any of this out?

My father said something that always sticks with me, which he was like, you haven't actually been an entrepreneur or run a company until you've woken up at two in the morning in the middle of the night and sat in your living room on your couch in the absolute darkness and wondered, how are you going to figure any of this out?

And until you've had that moment where you just are not sure, you are living in a cloud of uncertainty and that uncertainty feels catastrophic, you've probably never run something and you've probably never built something.

And until you've had that moment where you just are not sure, you are living in a cloud of uncertainty and that uncertainty feels catastrophic, you've probably never run something and you've probably never built something.

I think we can decrease that likelihood.

I think we can decrease that likelihood.

But at some point, for almost anybody who's willing to do a hard thing like own their life and own their outcome and own their own business, there will be a moment.

But at some point, for almost anybody who's willing to do a hard thing like own their life and own their outcome and own their own business, there will be a moment.

And so I think you're exactly right.

And so I think you're exactly right.

It's like, can we ready people for that?

It's like, can we ready people for that?

But tell them that it's so worth it.