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Day 14 of The 14-day Passive Income Challenge - Always know the intention of others - Chaim Ekstein
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Day 14 of the 14-day Passive Income Challenge. In this video, I am speaking about concept 14 in the ALM Passive Income model (Attract, Leverage, Manage) "Always know the intention of others". When somebody offers you something know what is in it for them which will help you succeed in your game with a win-win strategy. Please comment below on 1 thing you are going to do to apply what we discussed about mortgages. Feel free to share with your friends and family. Thanks for including me in your Passive Income journey.
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Transcript
Auto-generated transcript. Not time-synced to the video.
hello hello hello welcome to day 14 of the 14
day Passive Income challenge wow wow wow we're
holding at the final day day 14. i'm so happy
i'm so grateful i'm so thankful that you are
with me on this journey and you chose me as your
guide to go through this 14 days together thank
you thank you thank you let's jump in to what we
have in store for today we're going to talk today
about the final element of the Manage part of the
Passive Income model Passive income model again
is Attract Leverage and Manage today we're going
to talk about another element how to know that
you're working with the right people and make
sure that you should do a good job in vetting the
people you work with stay tuned looking forward
on this final day now i will tell you firsthand
after seeing a lot in the financial services
industry over the past over two decades most
financial decisions that people make are made by
the advice of paid salespeople now i'm not saying
that's good and i'm not saying that's not good
all i'm saying is be aware you have to know that
because when somebody anybody it doesn't
matter who it is comes to you and offers you an
investment offers you a savings program offers you
a passive income strategy offers you anything that
they want you to put in your hard-earned money
with them you should always always always always i
can't say enough always you should always be aware
of what is their intention what is their benefit
are they coming to you just because they want
to help you because they're like a benevolent
institution and they want to help you you should
think about it if that's the case very rarely
i doubt too many times but you should always
be suspecting of maybe a hidden agenda
you should know about it if they come to you
because they're going to make a commission
you should know about it it's good they need to
make a commission of course why should they come
offer you anything if they're not going to earn a
commission so you should be happy that they earn
a commission but you should know what their
intention is you should know which strategy
do they earn more which strategy do they earn less
yes the strategy that they earn more can sometimes
be a better situation i don't know but you should
know at least you know that there is an intention
here you know that you have to do more due
diligence you have to make sure that it's in your
real best interest and i would always recommend
somebody to pay somebody who is not biased
to give you a second opinion somebody offers you
an investment strategy take it the grain of salt
maybe it's good pay somebody before you do it give
you a few dollars check it for me review it for
me somebody who knows more than you and he should
tell you what he thinks if it's a good strategy or
not so this way he gives you food for thought if
you should invest in it or you should not invest
in it remember if you are not going to look out
for yourself nobody will yes somebody is going
to have rachmones on you what's the point that's
not why you're here you want to build a passive
income strategy that works for you and for your
family Bezras hashem for years for years to come
and you don't want to do something that somebody
told me and i trusted him and he said and she said
and blah blah blah it makes no sense and if it's
going to flop nobody's going to be interested why
it's floped so it's up to you to make sure
you do the best you can to understand that
this is a strategy that makes sense for you and
always know what is the other person's intention
sometimes getting something for free could be the
most expensive way to get it because if you don't
know their intention down the road you can get
taken advantage of like you have never seen before
so make sure you know that before wow wow we did
it this was the 14 day passive income challenge
please comment below and let me know how the 14
day passive income challenge helped you give me
one thing put in the comment section one thing
that it helps you in your passive income journey
i'm sure we're all going to get inspired from what
helped you and i'm reading every comment and i'm
replying to every comment and to make sure to get
all our future videos on passive income planning
subscribe to the channel below underneath this
video and listen this is only the beginning we
are not done yet it's only the beginning to give
you food for thought give you the taste and some
of the strategies that's needed in order for you
to complete your passive income strategy thank
you so much from the bottom of my heart that you
joined me in this exciting 14 day passive income
challenge i am really looking forward engaging
with you in the future in conversations about
passive income and how i can be a part in helping
you and guiding you to achieve passive income
thank you and i'm wishing you amazing amazing
success in your passive income journey for a very
long time with a lot of health and a lot of Nachas
and only good things should always come your way