‘Video Arcades? Thanks Boomer’– Grant Cardone Shares 7 Passive Income Concepts, And Individuals Are Amused

Investor and entrepreneur Grant Cardone got individuals talking again with a tweet listing seven methods to scale passive earnings. The list included automated car cleans, laundromats, loaning, video games, self-storage, houses and automated teller machine. While some fans cheered him on, others raised eyebrows, chuckled or called the whole thing obsoleted.

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What Is Passive Earnings?

Passive earnings is cash made without putting in sustained effort. In contrast to active earnings, where you trade time for money through your task or services, passive income streams in with little to no regular involvement when systems remain in location. It normally needs effort up front, once running, it can provide monetary independence and long-term stability.

Some Refer to it as a Solid List

Advocates of Cardone's tweet stated the list included tested ways to build long-term wealth. They argued that while these services require upfront effort, they can create income with minimal day-to-day involvement once established. One user added that self-storage, in particular, has low overhead and high margins after the preliminary investment. “Self-storage is the covert gem here. Been seeing good friends crush it.” Another praised car washes and apartment or condos as strong earnings generators when appropriately managed.

Others jumped in with recommendations like vending machines, digital items, print-on-demand merch and even mobile home parks. A couple of kept in mind that numerous new developments in their locations were automobile washes and self-storage systems, perhaps for these very reasons.

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Others Aren't Buying the Buzz

Critics pushed back hard, stating that most of Cardone's list isn't passive at all. They argued that these are active businesses that require continuous management. If a machine breaks, it's your responsibility. If a tenant has a problem, you need to solve it. One user summed it up: “None of these are truly passive till you have actually mastered 3 things: Operations, automation, delegation. You're not purchasing earnings. You're purchasing systems that release you from the work.”

“Video games. Thanks boomer,” another individual quipped, poking fun at the out-of-date feel of some entries on the list.

Some even suggested the list sounded more like a blueprint for cash laundering than genuine financial investment recommendations.

Concepts for Passive Income Investing

There are numerous methods to buy passive earnings. Some are business-based, like the ideas Cardone shared, while others rely more on traditional or digital investments. Here are a couple of basic classifications:

Investment-Based Passive Earnings

Dividend Stocks: Earn a share of company earnings. Yields can be modest, but with the right choices, they use stable earnings.

Bonds and Bond Index Funds: Lend cash to companies or federal governments and receive interest. Funds help spread out danger.

Annuities and Mutual Funds: Annuities guarantee routine payments; mutual funds provide dividends depending on efficiency.

Private Equity and Venture Capital: High threat, however potentially high benefit. You invest and make returns if the business succeeds.

See Also: Hasbro, MGM, and Skechers trust this AI marketing company– invest pre-IPO from$0.60 per share now. Interest-Based Passive Income High-Yield Cost Savings Accounts: Lower risk and insured by the federal government. Pays modest interest. Certificates of Deposit

: Repaired rate for a set term. Less liquidity however more predictability. Alternative Investment-Based Passive Income Property: Rental properties can provide constant earnings. Crowdfunding and REITs are options too. REITs: Own shares in property business that pay dividends.

Cryptocurrency: Earn through staking or providing coins

. High risk but also potential for high returns. Cardone triggered a crucial conversation. Whether you agree with his list or not, it got individuals thinking about what it actually requires to build wealth thatworks for you, rather of the other way around. Read Next: Image: Shutterstock Market News and Data gave you by Benzinga APIs © 2025 Benzinga.com. Benzinga does not provide financial investment recommendations. All rights scheduled. Source

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