Day 12 of The 14-day Passive Income Challenge - How to know who you should Trust - Chaim Ekstein

welcome welcome welcome we are holding at day  12 of the 14 day passive income challenge wow   this is going so fast and i'm excited to be here  and having this conversation with you and hearing   so much feedback let's jump right into it and  as always i'm reminding you if you agree with   me you disagree with me you have other strategies  that you think can work for us collectively let   me know in the comment section below and let's  have a conversation i'm looking at every comment   and i'm replying to every comment as a reminder  subscribe to the channel below to get any updates   on our future Passive Income strategy videos today  we're going to talk about a very important element   in the 14-day passive income challenge we're  going to talk about trust whom can you trust   whom can you not trust when do you know you can  trust somebody when do you know you cannot trust   somebody now i wish i can have the magic answer  for you but i don't but from my experience for   over two decades working with people with their  passive income strategies i will tell you this   most people who are successful in what they  do like entrepreneurs who are successful   entrepreneurs making good money but having no  passive income plan in place having no investment   plan in place having no money to show up for them  if Chas Veshulem for whatever reason they have to   close their business or they make less money  in their business or whatever challenge comes   their way most of them is because of their lack  and trust they will tell me something like you   know i understand yeah i need to plan for passive  income but how do i know i can trust the person   and because of that what  did i end up doing nothing   and what happens then themselves they can  trust look what they're doing with their   funds with their money they're just spending it  like crazy versus if you have a trust plan in   place now when i say a trust plan i mean you have  to be very careful whom you trust Chazal tell us you should honor a person when you see him but  you should also be Choshed him you don't know   what's going on but having said that you should  have a few steps in place that when you do that   you pull the trigger you know that you can do  that like you check references like you visit the   person you go down they offer you they will invest  in a piece of property spend the time drive down   look at it fly down take a plane and hop over look  spend some money for a legal team to make research   it's all small things that you can invest today  and it's gonna save you days and weeks and months   of the future it's gonna save you a lot of  aggravation from the future if you do these   little things but here's the big but big very  important but when you decide that you can trust   the person don't doubt yourself trust him go with  it i'm not promising you it's gonna work out no   i'm not but one thing i do promise you if you're  not gonna do anything it's also not gonna work out   and it's probably gonna be worse okay you can try  with a small investment go in with something that   you can afford to lose god forbid it doesn't work  your way you can afford the loss it's not going to   end your life it's not going to make a disastrous  loss and then you can add more and then you can   diversify and even more but it's very important  if you want to differentiate between people who   are successful with their passive income strategy  and people who are not successful you will see you   will always see people who are successful with the  passive income strategy have people they build a   trust with that doesn't mean they trusted them in  day one took a while but once they establish the   trust they trust them and they're very comfortable  with it versus people who are not successful   usually there are people with a very negative  view on everybody they don't trust anybody they   keep saying you can't trust anybody and usually  it doesn't get you anywhere especially in building   your passive income strategy so think about what  are you going to do in order to be able to trust   another person what are the things you're going  to put in place in order to to be comfortable in   trusting some others to help you in your passive  income strategy which in turn will help you build   your long and short-term passive income plan let  me know in the comment section below i would love   to hear and i'm going to reply and i want to hear  if you have any feedback that i can learn from it   that the audience can learn from it as well if you  want to get our future updated videos on Passive   income strategies make sure you subscribe  to the channel so you don't miss any videos