Morgan Housel

I mean, I have some rentals and that's passive income.

If you think owning a rental property is passive income,

You've never owned a rental property because there's nothing passive about it.

It is a constant chain of broken toilets and leaky roofs and tenants who don't pay you on time.

And there's nothing passive.

That's a full-time job doing that.

And so I heard someone say this recently that there's two ways to get wealthier.

You can sacrifice more or you can want less.

And that's it.

And gain passive income is not part of that equation.

Work harder.

Work in a job that has a lot of downsides that might stress you out and requires you to wake up early and go to work and do some things that you don't want to do and spend time away from your kids in a way that you don't want to do.

Sacrifice more or want less.

Those are your two choices.

And I think that's important in the passive income debate, because I don't think there's but there by and large is not a thing of passive income.

Even if you're just like, you know, you put your money in a savings account that pays three percent interest.

Well, you had to sacrifice to earn that money and to save that money and to delay the gratification of that money.

I really think it's an ironclad formula.

Sacrifice more or want less.

Those are your two options.