3 Things to Avoid If You Want Passive Income (Most People Never Get Past #2)

Everyone wants passive income—but very few people build it the right way.

In this episode of the Budget Boys Podcast, Marlon Heard (The Valiionaire) breaks down the three biggest mistakesthat keep people from creating income that works for them instead of the other way around.

You'll learn:

• 💸 Why chasing "get-rich-quick" schemes usually ends in disappointment
• 📈 How to overcome the fear of investing and start learning through action
• ⏰ Why waiting for the "perfect time" is one of the most expensive financial decisions you can make
• 🧠 The mindset shift that turns mistakes into valuable lessons
• 🚀 Why passive income isn't found—it's built through systems, education, and consistency

If you've been thinking about investing, building additional income streams, or creating long-term financial freedom, this episode will help you stop waiting and start building.

🚀 Join the Budget Boys Financial Education Community for FREE!

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Inside the FREE Budget Boys Financial Education Community, you'll discover how to:

✅ Take your FREE Leak Score Assessment
✅ Find hidden money leaks that may be draining your cash flow
✅ Learn the Budget Boys Allocation System
✅ Build margin so you can begin investing with confidence
✅ Connect with a community focused on creating lasting financial freedom

Remember:

Your Leak Score is bigger than your credit score.
When you stop the leaks, you create the margin that makes investing and wealth-building possible.

🎯 Join the FREE Budget Boys Financial Education Community today and take your Leak Score Assessment. Your future wealth starts with the money you already have.

Transcript

SPEAKER_00 0:01

What is going down? How's everyone doing? This is Marlon Hurt the Valionaire or Coach MT. I want to welcome you to another bad bad boys, another budget boys uh podcast episode. It is the morning time. It's about 6.08 in the morning. You can probably hear the birds chirping in the background. Um, I really enjoy doing this. Alright, I'm in the car. Why why when you pull over and you're trying to do something, people follow you? You ever you ever been driving and you're you're you're attempting to do something like to get away from the traffic and the traffic continues to follow you? Like, like, why are you following me? I'm I'm trying to do something, and then you go down a uh you're in a parking, you go down the aisle or lane, or and you're trying to park or stop the car to do something, and somebody follow you, right? Like, stop. It's like they know you're trying to do something. Anyway, uh we're gonna continue on with our three things to avoid series. I know, I know, I know it wasn't a series when we first started, but it seems as if uh we're turning this into a series. Um, so I hope you all are getting some good information from this. I know some of it can be rudiment for a lot of you. You know, just everyday things that uh everybody should know about, but it is it's not always that way. Alright, if it was that way, we'd have more people uh living better. We would. We would have uh more people uh, you know, not having to uh struggle financially. We would have more people, we'd have better love. You know, money, money brings you love. I I hate to say it, but it does. You know, you gotta um, and it's some it may not always be the love that we're looking for, but it will bring you into the into the realm of that. You know, just think about someone who has a whole lot of money, so who doesn't. Well, you got money gives you access. Right? It does give you access and it does open up individuals a little better because uh it's not so much the love of you, it's the love of what you can bring. And that's just how it goes. All right, we're we're all created to be used. Everything on this earth was created to be used for some reason. Alright? And and we're and we're no different. We were created we were created to be used. Okay? Yes, we were. And I know it sounds harsh, but we were. Alright? So let's get into it. We got another three things to avoid. So we have three things to avoid if you want passive income. Now, passive income is income that you earn without working for it. It's it's passive. You don't pay attention to it. All right, passive income could be interest that you earn from an investment account or a savings account or CD or something of that nature. That's that's passive. Alright? Now, in order to earn the passive income, you there is there are a few things that you will have to do. Okay, you're gonna have to set up your passive income, it just doesn't happen. So, in order for you to earn the interest from that investment account, you gotta put the money in there, and then it starts to earn the passive income. Alright, another another great form of passive income is um if you do invest, maybe you invest in uh uh an investment account of some sort, right? Maybe you invest in Vanguard, maybe you invest in a business, maybe you invest in real estate. All right, you and I'm just keeping it uh broad. Maybe you get an investment property, and that investment property you're renting. And if the mortgage on that investment property is $800 and you're renting it for $1,200, well, the passive income or the passive revenue is $400. Okay, so that's what passive income is. But you gotta set it up. You have to set it up. First, you gotta do your research, you gotta get what the information. We're talking about this in the lifestyle success ladder. You gotta get the information, and then it goes from there. Alright? And then in desire plus skill times faith, your desire is to earn passive income, and the skills are the how-to's, how to set it up. Alright? So, one of the first things you want to do is stop chasing get rich quick schemes. There are a lot of schemes out here. Listen, I've been a part of enough of them. Over the 20 plus years, I've been I've been an entrepreneur, I've been a part enough of them. And they they burn fast and they they they die fast. They start fast and they die fast. I remember I was a part of this crypto uh get rich quick scheme where we were selling digital real estate, and the concepts sound awesome. Right? We got all these digital real estate online and crap like that. These digital certificates, but there was no passive income. It was a scheme, right? You only made money when somebody joined. There was no money made from the product, there was no money made from the digital real estate. And I made a whole lot of money, people made a whole lot of money, but it burned fast, it only lasted a year. And I lost money, a lot of people lost money, but stop chasing get rich quick schemes. If you get rich quick, you're gonna lose it quick. Now, another reason that you want to avoid get rich quick schemes because the money comes fast, but most people aren't ready for the money to come fast. What I mean by that is that their mindset is not ready to receive that amount of money, they don't have a system set up to put the money in so it lasts longer than the time when you're getting it. Right? A lot of people get extra money and they create extra bills. I've done it, a lot of people have done it. You get money and you create extra bills, you get more stuff. You don't set the money up to take care of you when it's no longer coming. Because money's gonna come, money's gonna go. There's gonna be a time where you have a huge influx of money and times that you don't. Alright, so you don't have a system for that money to go into so that when the when the the the the the quick part of get which quick stops, you can say, okay, man, for that year we made, I made $200,000. Of that $200,000, I got 120 of it working for me. I got I put $120 over here, I put some over here, I put some over here, I decided, right? And so now part of that $120 is earning interest. And it's still working for you when the quick dies. So you want to avoid get rich quick schemes. Sometimes you can get in trouble, right? You see a lot of stories of people who got in trouble, you know, doing pyramid schemes and things that nature, and Ponzi schemes and all that kind of stuff. Yeah, but the reason they get in trouble is because they start flashing it. Well, there's other reasons, but one of the biggest reasons is that they're out here flashing it. You can hear the guy, uh the narrator, he they spent money on cars and trips and jewelry and they make instead of paying back the customers, they spent the money on cars and trips and drugs and alcohol and girls and right instead of being quiet about it, they had to vegan at Vegas and uh I did all that stupid stuff too. Okay? Now, number two, avoid the fear of investing. I think I talked about this on another episode is that if you want passive income, you're going to have to risk investing your money in systems that you don't quite understand yet. Right? Either you understand, you don't quite understand, you don't understand at all. You're you're you're gonna have to risk investing money into a process that sometimes is out of your control. Like if you invest in the stock market, that is out of your control. You do not control the stock market. If you decide to invest in in cryptocurrency, you do not control the cryptocurrency blockchain. If you decide to invest in forex, you do not control countries' currencies, all right? Yes, you're gonna have to risk invest your money in processes that you don't control. You control you don't control the real estate market, you don't control any market. Even if you start a business, you don't control the market that may buy your products, you you don't control that. Yes, and that's what makes it scary because there's a good chance you could lose the money you're investing, and that is going to happen if you want to create passive income somewhere along the way, you're gonna be paying for lessons. You don't lose, you either win or you learn, so you're gonna be paying for lessons. That's the the only way you're gonna get the passive income is that you're gonna have to pay for lessons. Like, oh man, I shouldn't have done it that way. Okay, okay. Next time, all right. Oh, uh, oh man. Every time, what did you learn? Oh, you lost money? What did you it did you put money into it and you didn't get any money back, or you didn't get a you didn't get a return on your investment? What didn't I do right? What did I learn? Not oh, I lost money, oh I knew it didn't work. What did I learn? Sometimes you're gonna learn that you didn't do what you're supposed to do, you didn't keep up with the investment, you didn't check in on it, you didn't take advantage, you didn't read the prospectus, you didn't go to the training, you didn't read the book, you didn't open up the PDF, you didn't watch the video. If you create passive income, it's gonna be because of you. If you don't, it's gonna be because of you. I had individuals when I of certain things I was marketing online and people got upset with me it didn't work. I was like, listen, a lot of this is even if you do think you have it, you're still learning as you go. And I would tell people, did you read the book? Before you signed up, I said, do X, Y, and Z. Read this book, read this, uh, study this these areas. Alright? You want to become studious. Study, study, study these codes, study this, read over that. I'm gonna do my part, you gotta do your part. And 99% of people would never read the book, they would never study the codes, they would never open the PDF, they would never call down to the place, and they'd be like, Oh, it doesn't work. And I'll ask, well, what did what part what did you do? This is your stuff, this is your name's on this. Okay, so for them, that's a loss. Why? Because of something they didn't do. So, you got to get over your fear of investing. You have to understand there's a good chance that if you put your money into this, there's a good chance you won't get it back. But I promise you, you're gonna learn something along the way. And every time you take a uh every time you take an attempt at it, you're gonna learn something new, learn something new, learn something new, learn something new, learn something new. And after a while, you're like, okay, I'm I'm I'm sort of a professional at this. This is how I learned credit. This is how this is how I learned how the credit game works. It took me like two years, and then in that two years, I still hadn't learned about the codes. I said, oh man, there's a there's a this rules to this. So two years in, never learned the code. Three at the end of my third year, I understood the code, understood, but there was a lot of lessons in there. I might have spent $10,000, $20,000 learning about credit between books and courses and trial and error and sending so many letters by certified mail. Okay, so that's number two. Number three is waiting for the perfect time. Listen, you will never be 100% ready. Never, you will never be 100% ready. There's always gonna be some sort of doubt in there, some sort of well, I don't know in there, always, but if you do the thing you fear, then the death of fear is certain. Okay, do the thing you fear, and the death of fear is certain. So if you're afraid of investing, or you're afraid of taking a chance, or you're afraid of losing money, just do it. And if you do it enough, you'll be you won't be afraid to win or to learn. You'll be like, okay, I gotta win here, cool. I put $100 in, I'm I got $200 out. Great, I made my money back, plus plus plus more. Okay, I put my hundred dollars in, I uh I I lost $80 of it. Okay, so how did I how how did I lose $80 of it? All right, boom, I did this, I did that. Okay, I didn't do that. Okay, so next time when I get another $100, here's how here's how I'm gonna do it. And then you go in and you put $100 in, right? And then you then next time you only lose $20. Because you learned from losing $80 last time. Okay, cool. I'm gonna lose only. All right, next time I'm gonna do okay, you put another $100 in. This time you make $5. You're learning, you're getting better. But you needed that $100 lesson when you lost the $80 and the $20. But you you won't lose the $80 or the 20 if you don't get started. You gotta get started right now. And you may not know everything when you get started, but you gotta get started. You have to start imperfectly, then perfect over time. You gotta start imperfectly. You you may not have all the information, but you have enough to get started. I know people who like, I gotta know everything, I gotta know everything. You're not gonna know everything unless you get inside. And to get inside, it costs. People try to get all the information before getting inside, but everything they need is inside. Right? It's like, you know, like back in the day when I'm at the club, trying to get in the club, and you know, cell phones were starting to become new. This is like in the late 90s, early 2000s, right? You trying to call your homie who's inside. What it looked like in there? Oh man, it's dope in here, man. It's man, it's women everywhere, man. The music nice, man. It's oh and then while he on the phone, he's dapping up his uh one of your homeboys. Oh, what's up, man? Yeah, I'm on the phone with and you like, oh, but you on the outside trying to get all the screw what's going on on the inside. And you outside in the line, you and how much does it cost to get in? $20, $40, $50, whatever it is at the time to get into that club. Okay? So what do you have to do? You gotta invest. You gotta invest to get on the inside so you can see what's going on. Right? But a lot of people try to find out what's going on from the outside, and they have invested to get on the inside. And they waiting. They waiting, they're trying to find all the information and they waiting. Well, I ain't ready yet, well, it's the perfect time, well, because of this, and because of that, and my mama said, and my daddy said, and my uncle said, and they all broke. Every last one of the people that you try to get uh information from advice from are not living the lifestyles that you desire. They are all broke, and I'm not saying broke to be negative, I'm saying broke to be, well, hey, I'm trying to earn me some passive income, and they're not earning passive income, but I'm asking them all about what I should be doing. And for most people, they're they're they're bringing fear to you. Oh, oh, oh, I wouldn't do that, I wouldn't do that. I did that back in 1967, and I lost everything. Right? And then you're like, well, maybe not. Okay, so there's no perfect time. It's right now. It's right now. So somebody brings you an opportunity, and you're like, oh man, this sounds like it might be great. Just get involved. Uh is it Richard Brunson or Richard Branson of Virgin Mobile? Um, he said that if somebody offers you an opportunity, say yes and then learn how to do it later. If somebody offers you an opportunity, say yes and then learn how to do it later. Just say, yeah, what is that? Go down to the meeting, get on the call, get on the Zoom, let them give you a presentation. Could being so closed off and negative, like you just know that I ain't doing that, no man. I ain't doing that. You don't even have no idea what's going on. Too many people miss too many opportunities because they don't make the discovery. They never take the class, they never buy the book, they never get on the Zoom, they never get on the call, they never go down to the hotel meeting. Yes, there are still hotel meetings. There are still people hosting events at the hotel. I know it's old school. I I know it's it's it's it's uh it's it's a it's a relic. But yes, I've I've gone down to hotel meetings. I went down to a hotel meeting recently here uh at the beginning of 2026, and they were just talking about investing in uh small, investing in small businesses, like small restaurants, like uh small um Mexican and Hispanic bodegas and things of that nature, like really small businesses. Because he's like, these are the businesses that keep everything going. Right? You stop by the small bodega to get a get a to get a taco or something like that. That keep that that's just kind of those are the kind of business that keep America running. That's what keeps America running. Right? Not the big restaurants, not all of that. It's those small. So I went, I was like, man, this makes sense. And and I didn't know everything, but there was that, well, the the if you if if there's something you want to do, here's the initial investment. It was a thousand dollars. Right? It was a thousand dollars, and I had enough information to say yes. Okay, to say yes. Now, for the first three months, I was losing money, right? But I stayed on the calls, I stayed connected because they had a call every month. Find out what's going on, and every time I got a call, it was less people, less people, less people, less people. Every time. Some people asked for their money back. I was like, mmm. The next three months, the money doubled. Yes, it did. The next three months, it went from a thousand dollars to about nineteen hundred dollars. I said, Oh my gosh. And right now, that process is earning me twelve hundred dollars a month. I know it a lot. They told us when we get started. He said, it's not gonna make you rich. He's like, these companies don't work like that. Have you ever been to a uh a Mexican taco spot and everything is looks like a five-star restaurant? No. He says, not gonna make you rich, but depending on how much you put in it, it could be steady. I was like, I can deal with that. $1,200 right now. $1,200 a month as we speak. Well, at the time it's being made, I only I've had like three or four or twelve hundred dollars a month. Okay, so three things to avoid if you want passive income. Chasing get rich quick schemes, fear of investing, waiting for the perfect time. Alright, so this is my whole divide. Now I know this one's a little long. Um, I was talking and driving so my destination, so I was thinking of different things that I could share with you all. Okay? So come join us in the budget boys financial education community is free. Um, come get your leak score. Your leak score is bigger than your credit score. If your leak score is low, your credit score is low, your financial system is low. Come find out what your leak score is. It's free. It's free. Once you find out your leak score, then we're gonna show you how to allocate so you can start building margin. And margin creates wealth. Margin creates wealth. So we're gonna show you how to create some margin so that maybe three years from now, five years from now, ten years from now, you'll have something going for you because that time is gonna pass whether you're doing something or not. So come join us. It's Marlith Valionaire, and we'll see you on the next episode.