Entrepreneur Reacts to Passive Income Tik Toks
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- čas přidán 26. 08. 2024
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Watch my next Entrepreneur Reacts (July 23, 2021!) : czcams.com/video/HJMYE5oTkY0/video.html
I would love to start my own business and in your tiktoks you contacted manufacturers which was awesome! I would love to see more videos on how to go from idea to product
Ok great to hear... I will add it to my idea list of videos - thank you for your comment
Liked this video! How about some scam reaction videos?
Yes it's very helpful! Also, what is the best way to contact you ??
Yea how about your reaction to some forex scam videos, bitcoin scam videos/sites etc.
I’m a forex/stock investor for the past 10 years so I recognise a scam. But I’m surprised at how many of my friends actually ask me on my opinion on these “sites” and investments which I can instantly recognise as scams.
It goes to show how uneducated the public is on these investment scams
All TikToks make it seem like you just go outside and ask for passive income and you just start making tons of extra money lol
How else are they going to get likes and streams?
@@talkaboutcoins829 and sell courses😂
You were much nicer than I would’ve, like how you viewed the positives of these videos and were respectful. One of the big reasons why I watch your videos.
I appreciate that Kyle. thank you for watching.
The amount of online "gurus" selling courses is ridiculous. They make their money by selling the courses... Not by the content they're "teaching". If that knowledge and method for making money was THAT lucrative, they wouldn't need to sell a course.
Exactly it’s like I’ll teach you how to make millions but you have to pay 1000 for the course like Bruh😤
Yeah, it's funny because they teach you the secret to make millions with just a peanut. If you think carefully why don't they use it themselves?
Do both and make more money than just one
@@NocPat By overcrowding the market with competition?
This is true… to an extent there is always an exception… unfortunately 99% of the time tho yeah u right
if you get financial advice from tik toks, you don't deserve to hold a dollar LOL
What about children
You're right to an extent, but it also can give you some good ideas. The key is to understand that they're just that - ideas. For every 30-second video covering a different way to become a millionaire, there are hours upon hours of research, negotiation, marketing, accounting, and everything else you need to actually execute a business idea. It's the people that are waiting for a free money glitch that will end up with nothing.
Learned most of what I know about real estate investing through TikTok I have 22 properties now
The best business is the barbers in military bases setting up an ATM that only gives money back in multiples of 20's then charges $3 to even get your money out . And on top of that the haircut is $10 HOWEVER yoy got a 20 so they expect the full 20 as payment as "tip" plus the other 3 for the ATM -_-
Yes
Why do you tip them? It’s just strange
@@bazzi5926 I'm from Ireland, but lived in the USA for a year. The first time I got my hair cut, it was $12 and I gave the guy $20 and stood there waiting for my change. Both of us were very confused for a moment. Tipping makes no sense to me.
Why don't you just ask for change?
@@benhahn7105 because that would be weird in the uk
I almost did the wrap in my car because my university was in the city downtown. But the reviews of the companies were awful, and really problematic because they didn’t have communication with the wrapping company.
TikTok Academy of Finance just churning out nobel prize laureate's in economics.
😂 😂 😂
Imagine writing an absolute banger of a book in your teens, only to have people start selling it when you’re in your 80s, and you just have to watch them do it.
The copyright lasts 70 years after the writer dies.
@@jakegargiulo5101 the 70 years start when the writer dies or when the book is published?
Unless you're Disney, in which case you can just lobby your way around copyright expirations.
5:44 "was that it, that's the whole video? I didn't learn anything. I guess that's just how tiktok passive income videos work" 🤣🤣🤣🤣🤣🤣🤣🤣
I wonder if the car wrapping still pays if you wrap an unused or "junky" car. Because if thats the case after a while I'll be buying a new car lol
I think most of them have the past tied to a GPS and the amount you drive and where
@@Mason-hs9oz I will take the GPS out and put all the gps on my commute car 😉
@@OopsAllFrench break even is pretty good if you are already driving that though
@@ricebeansrockroll882 true, which would be great except $450 is the absolute top amount you can receive - and most of the campaigns are area restricted - you can't log the areas on your commute/general trips unless they're specifically within the campaign zone.
So basically, especially after taxes, you're losing money on this deal unless you're really lucky with the zoning & prices.
I have a white 4 door Sedan and I'm loving the Wrapify! So funny
How much does it cost to unwrap your car?
Woah. Can you really sell food on other peoples' property without a license or their permission? If they confiscate your machines and your M&Ms, are you entitled to the money?
You cannot do this without their permission. They're going to want a cut.
It's usually for a fee. Some places don't allow it at all, some want 100-300/month. But it's doable and a good income
@@giedrius2149 how is a person going to make more than $100-$300 selling candy for quarters.
@@gamerpie15 And in my state, you have to have a sales/use tax permit and a $30 vending decal per machine. Man's got him a $120/yr permit fee business that is gonna generate maybe $500/yr less the cut for the location owner.
There is also a lot of passive income ideas using Amazon/eBay and others for dropship and others. Be nice to see a passive income follow up on that. I enjoy your vids. Started watching on TT and enjoy the longer form on YT.
Thanks for letting me know and I appreciate you coming over from TT!
They don’t work. Drop shipping was good for when people figured it out. But now that everyone’s doing it there’s no money in it
@@FleetTech97 I'm making $20k a month drop shipping lol but the market def gets tougher and tougher.
@@MLProductions.1 It’s always ppl who never made money saying things “don’t work” 🤦🏽… I’m interested bro, put me on and I’ll put u on to wholesaling real estate !
Wow, this is interesting, oh and the book copyright thing is 70 years after the author's death.
Wouldn't there be a potential legal issue with the candy machine as well. Especially since he's slapping the brand stickers on there like M&M for example. I know in the soda space the pretty fiercely protect that stuff. It's a problem if you aren't a licensed distributor. Probably not a big deal on the hustle scale I guess but if it ever did take off for big numbers it could be an issue.
The "brand" sticker thats slapped on there just shows what the candy inside the glass jar is... how would you know the difference if it was m&ms, m&ms peanuts, skittles etc. Its like a shop selling a bag of m&ms in their packets
And I can’t imagine how unsanitary the candy is
@@Spider-Too-Too yet somehow people still love to get a pick and mix at cinemas (movie theatres) and other places which are probably even less unsanitary
yup. Usually they have guidelines of how to use the logo. That's companies property, so in terms of financial decisions it's smart to ask the legal team first before possible having to pay 4-5 digits
In my experience nobody really cares about the licensing because it's literally just a candy machine but there's always that one Karen
Love dividend investments. Yeah they aren’t much at the start, but as your portfolio grows, the get larger!
Yes sir! Glad you commented. I’m a fan of dividends
Humphrey Yang I’m really interested is investing myself almost as a mini project to start, say €500, I heard you talk about Robin Hood, also a lot of ads for trading CFD’s but most of there lose money, what’s the most cost effective way of actually buying real shares etc, would love a good video from you on this! Thanks and keep up the great work
dividends are good but honestly i would broaden my view into a much much larger area like income investing and push into alternative investments and look for possibilitys to finde of market shares larger investments but higher dividends in generall and make your due diligence when you do that
@@shaneosullivan456 do some research about etfs and then select one. The biggest ones are the msci world and ftse all world, also the s&p 500 should work fine.
@Lord YES. Why does nobody understand this???
Stumbling across this a year later but saw I was featured in the video and part of the thumbnail! Great content, appreciate the constructive feedback as well! 👍
Dividends make no sense for young people who need to be focusing on growth.
@@theconqueror1111 dividend growth investing exists
The book strategy is actually super interesting. The key is to find books that students in high school are forced to read. First ones that come to mind: The Scarlet Letter, Of Mice and Men, The Great Gatsby.
But do schools have students buy those books? It has been a while since I was in high school and I just can't recall.
book itself have no copyright. Adaptation to modern English in the other hand... the digitalization of it... you have to find an open license one that allows selling so good luck with that
I know I’m my high school they gave those books to us for free. Unless it was the AP summer school assignment.
@@noahsimmons3181 my teacher found a cracked version for us lol
You need to find an edition of it that is public domain to.
He mentions Jules Verne for example, where the book might be public domain but a reacent translation from 19th century french to modern english might not be.
I would love it if you make more reaction videos.
Noted! There are alot of videos on Tik Tok lol
Humphrey is too nice to the tiktokers
Next time you have trouble with 300x1000, just multiply 3x1 and carry the zeros 🤣
😛 “Don’t use his referral link, use MY referral link” 😂 that’s good, that was funny haha. Great video
Want to try out the candy machine idea but what if someone picks up my machine while im not there? hahahah
Haha don't know if that will happen, but if it does hopefully you have some insurance?
I've always wondered if these types of videos were real or fake. Like some 19 year is making 60k a month with just using affiliate links. I call cap
Fiverr can be extremely beneficial for very specific things.
Not for traffic. And for good job they charge atleast 15-20 untill it is verry very highly competitive space like making logo.
And here I am with my Passive-Agressive Income
For the car wraps it will also protect your car’s paint job so if that’s important to you might be a good idea
I see The Intelligent Investor on the shelf.
Hey man love the vids! Ironically i actually came from tiktok to you lol, I just wanted to say that I love the production quality but a suggestion may be to have an external mic for your DSLR not the built in one, it will really help with audio!
Thx for watching Ryan! Yeah man this video is like 13 months old. The newer videos are hopefully way better in terms of audio. Not sure why this video Started picking up steam
@@humphrey ya man I just realized this was more than a year old! I just watched one of the newer vids and the audio is much better! Keep up the great content subbed!
Can’t we just get more education and hope that meritocracy works?
The moment I heard him say his name was Humphrey I knew he knew his stuff abt money coz no poor people be calling their kids Humphrey that a rich person name.
“A limo” 🤣🤣🤣
Lol I’m glad you found that funny hahahaha
I see The Intelligent Investor back there on your shelf 👍
Dang this means if it does pay out more for a larger car. For example a white van. I could possibly price out the cost of a new one where the monthly payment is essentially how much money I get from wrapping the car. It would basically be like getting a free car. That’s awesome
I believe you choose one of the partial ones. Not a car full of different partial logos.
Half the “passive income” ideas on tiktok are not passive. U gotta work it’s not passive!
Spotted the DeLorean behind you...nice!
Hi Humphrey, I’m pretty noob on those subjects and also here in Europe it isn’t quite the same. Any advice ?
Which subjects are tough for you? Let me know and I can give some suggestions
For books I know a couple who go to estate auctions and buy all the books then sell them on ebay. They make some good money.
hey i know this is been a year down the road but i own two ATM machines, one becuase the gas station near us closed and sold it for cheap and the other from a similar ordeal. would you consider this something i should pursue to make money? because i've read that people can typically look to make 20-30k a year off of this. and from what i've read so far it seems like most examples use only 1 machine. so i was just curious of your take on if that would be a good way to start a semi-passive income.
Smart guy 👍🏼
Omg thank you lol, sorry for the late reply
Since 2018, books have started goiing into public domain every january.
What the candy guy doesn't mention is that you typically have to pay the building 25% or so to have it there.
It's a bit hard to listen sometimes when you're talking over the source videos
It was great!! man
Can you lose money on dividends?
somebody have a link for the back to the future posters?
They’re by Mondo
Man....this guy really be liking recent comments huh
"Yeaah... No :D" It was good
well alot of this options doesnt work outside of usa
You can only think of a handful of books written more than 70 years ago that people want to read? I mean, its literally thousands...
What do you mean "low quality" people on fiverr? 😬
People competing with low price and mediocre services.
Taylor Swift reputation in the back👀
if you are a working professional without a snack/candy drawer you're livin wrong
9:16 This is the dumbest thing I've heard... Most financial advice on tik toks are
Dividends. Boom.
I had a similar candy machine, but it gave out too much candy per quarter. The profits went much.
Dividends don’t increase one’s net worth. Focus on total return.
his name is humphrey
what about poetry lol
College and high school students have to read a bunch of super old books
I've wanted to try the car wrap but I thought it was a scam.
Unless.......................he is an affiliate marketer for Fiverr ;)
I don’t know about american laws but placing candy machines in public places is illegal where I come from
Yeah, you'd have to have an agreement with the owner of the building
You had to use a calculator to confirm that 300 x 1000 = 300,000? And you said you do finance??
Why do you call yourself an entrepreneur again?
my car is ugly as is i might aswell wrap it lol
This mans name is humphrey 😳😅
Would have been nicer if you wouldn't comment over everything they are saying on the tiktok tbh... Nice vid anyway
wait wait wait wait. What’s STOPPING ME FROM BUYING 10 $500 BEATER CARS AND GETTING THOSE WRAPS ON IT?? WTF
Lol...the new trend on CZcams now is to make videos to catch the gurus...😃😃😃.
Anyone can be an entrepreneur
In what universe does $450/hr = $450/mo... are we just going to ignore that little discrepancy?
Problem with dividends is that in the long run you actually are making even less than you think, because the dividend is subtracted from the company's earnings and therefore the share value decreases.
Fire suits
Interesting video... but for the next one pls don't talk on top of the tiktok video. It's pretty difficult to concentrate on both at the same time. Tiktoks are usually short, so pls let it play and THEN add your opinion :)
Other than that, good video!
Hi Humphrey..I am from India.Quite a fan of you as well.I need your support in finding a broker that helps me in investing offshore.In India I have very good discount broker I am expecting same for offshore as well.
should i listen to this guy with a shitty cloud lamp??? LOL
yes
Nice
6:02 u definitely don’t need knowledge or skill to start an online course, just the ability to advertise to the people desperate or inexperienced enough to think it’s a good deal
Imagine trading or investing using robinhood 🤣😭
Imagine trading 🤣😭
The guy who is selling the course definitely is just a fake guru.
an Entrepeneur who needs a calculator to divide ~300.000 by 300?
bro get a better mic
Who eats candy anymore!?
stop talking and watching at the same time
WAIT A MINUTE! Dividends are NOT free money. A $10 stock drops to $9 when it pays a $1 dividend. Most people don't realize this. If the stock later jumps to $20 remember that it would be $21 if it didn't pay out a dividend. So, I say no thanks to dividends unless you are near retirement age and need cash. Think of it as selling off your portfolio over time for cash in hand. Great if you need cash in your pocket for expenses but a wash for everybody else.
But, no. Dividends are paid from a companies earnings I.e. sales.
A company's earnings does have an impact of the price of each share. But, no... the 1$ does not come from the share being 10$.
Think of it like this, a company sells 100 products for 1$ each... and after expenses its left with 50$. And they may decided to pay out 20$ to investors. So they divide 20$/x investors.
However... the price of the company share on the stock market could be anything else. Could 10$ or a 100$ taking in other factors. But no, the dividend does not come from a stock price.
In fact, companies that don't pay Dividends even get ranked as poorer cos and it's possible for the market to reflect this.
A stock usually drop a bit after exdividend because people sell it off, not because the dividend is paid out of the stock itself.
Similarly you will often see stockprices go up a little bit before, because people are buying the stock to get the dividend (though not always).
STOP. STOP. talking DURING the Tiktoks.
I’m sorry. Understood
@@humphrey they dont play about their tiktoks lol
@@humphrey didn’t bother ME. Maybe R is just easily annoyed.
LET YANG BE YANG
@@humphrey didn’t bother me either, was necessary
I valued his feedback during the tiktoks
Dividend investing is awful, there are ways to bring in more income passively taking in less risk.