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Posted over 12 years ago

Gold Rush

Just watched another episode of Gold Rush.

This is one of the few reality television shows I watch. It's interesting, but I recognize that they are on the wrong path.

They are risking lots of money, then working very hard, while spending even more, all in the hopes of striking it rich. I keep hearing a couple of the people talking about being "Millionaires".

I root for them all, and want them to succeed. I also see the show makes things more dramatic then they actually are. Common among reality shows.

But I also see how these people don't get it.

They are caught up in the idea of taking chances, of risking all to "go for the gold". The idea that there is a magic amount of cash to have to be wealthy. And the idea of working hard to build a stack of cash. What's called the middle class mentality.

As I have stated previously, I purchased a duplex. It was less then their wash plants cost, but I only paid 20% down. And it will produce a regular monthly income without having to get up early, dig in the dirt, work into the night, and live away from my family. It doesn't stop producing because I went home.

They are focused on becoming Millionaires. My focus is on sustainable passive income.

They are focused on taking risks. I am focused on minimizing them, and doing my due diligence. I know going in that a property will cash flow, or I won't touch it.

They can make good money mining, but they need to get up tomorrow and do it again. If I do it again, my income can double, then triple.

For me the "gold vein" never dries up, and the "gold" keeps flowing.

I found my gold mine, I just don't have to mine it.


Comments (1)

  1. Totally agree. If they would take that money and invest it in cash flow investments (not necessarily real estate) they would be able to work less and make more in a few years.