Think you know the truth about millionaires and multiple income streams? Think again. In this week's juicy episode, get ready to have your assumptions shattered.

Also, we uncover the slimy, sneaky world of financial fraud - and why regular folks like you and me always take the hit. Turns out three little letters are to blame: SEC. Here's how regulators are letting scammers run totally wild.

Have you ever fallen for an influencer scam? You're not alone. We'll break down how Instagram and TikTok hustlers swindle fans out of millions. And why there's zero consequences.

Plus, we're exploring the psychology of why so many smart people turn a blind eye to obvious scams. Prepare to get your mind blown about human nature secrets - and how con artists fool even sophisticated investors.

Financial fraud is booming, regular folks are desperate, and everyone thinks a legit deal is too good to be true. Grab some tea, settle in, and hit play to go deep on SCAMS!

In this week's myth-busting episode, Jason takes a sledgehammer to the pervasive claim that the average millionaire has 7 distinct streams of income.

Key Takeaways:

• The shaky origins of the "7 incomes" falsehood and how it wrongly entered personal finance gospel
• Why overlapping forms of investment income shouldn't count as separate streams
• The danger of the "side hustle every hour" grind culture this myth incentivises
• How true success stories stem from focus, not fragmentation across projects
• Ask the right questions before wasting time on a dead-end side gig

Building wealth is rarely as romantic as the gurus depict. Jason filters the fluff and outlines smarter strategies for earning power.

Thought this myth was ironclad truth? Prepare to emerge enlightened. This stereotype-smashing audio awaits...

In this episode Jason interviews Dan Fleyshman, a serial entrepreneur known for launching a publicly traded apparel company at age 23 and later building successful businesses in industries from energy drinks to professional poker.

Key Takeaways:

- Dan shares the story behind his early licensing deal with Starter Apparel that brought in $15M+ in sales and led him to take his clothing brand public at a young age
- He discusses pivoting into new markets like energy drinks, hoverboards, and online poker by spotting opportunities and trends
- Dan talks about his current projects including his influencer marketing agency Elevator Studios and his large-scale networking events Elevator Nights  
- He provides tips on leverage social media and in-person events to build authority, connections, and business opportunities 
- Dan explains his new online entrepreneurship education platform The 100 Million Academy
- He emphasizes principles like the importance of niche focus, being "omnipresent" across platforms, and providing value to build relationships
- Dan gives advice on hustling your way back from failure by picking a niche, hosting events, podcasting, and relentlessly promoting on social media

Dan proves that with relentless drive and savvy insight into markets and digital platforms, you can find your niche, build an audience and authority, and create revenue streams online.

In this episode, host Jason Allen Scott shares practical tips on how you can earn more money in your current job, so you can have the freedom and resources to pursue your dreams.

Key topics covered:

- Gain more qualifications to increase your value and negotiating power
- Maintain consistent high performance 
- Take on more responsibilities to showcase your readiness for advancement
- Get outstanding performance reviews to back up requests for raises/promotions
- Understand your role and the company's priorities and expectations
- Focus on enhancing unique skills that set you apart
- Be likable - it contributes more to earnings than just doing tasks
- Directly ask for raises and promotions the right way 
- Change jobs every 2 years - this allows compounding 10-20% raises from new employers, equating to potential doubling of your income over a decade

Jason emphasizes that increasing your income is the most powerful wealth-building tool. While cutting expenses has its place, you want to keep ambition high when it comes to actively raising your income over time. This will lead to more money that allows guilt-free spending on your dream lifestyle.

In the first episode of his podcast "The Make Money Podcast," Jason Alan Scott tackles a common personal finance myth - that you shouldn't sell your time for money and instead pursue passive income streams. He explains why this thinking is flawed and argues that selling your time can be a great wealth-building strategy.

What is Passive Income Anyway?

Scott starts by clarifying what passive income really means - it's money earned with little to no active effort, often from sources other than your job or side hustle. Examples include rental income, investing returns, affiliate marketing commissions, and royalties from creative works.

However, he argues that truly passive income is largely a myth - even the most hands-off revenue streams require some regular time and attention. For instance, being a landlord seems passive but involves maintenance, repairs, tenant screening, etc.

Why You Should Sell Your Time (for the Right Price)

The main thesis of Scott's podcast is that selling your time for money is not inherently bad, despite what some personal finance gurus claim. In fact, it can be one of the best ways to build wealth for most people.

He uses doctors and lawyers as examples - they sell their time for very high hourly rates, often earning more than business owners with multiple passive income streams. The key is making sure you get properly compensated for your specialized skills and time.

Scott argues that rather than chasing speculative passive income ideas, you're better off investing in yourself to increase your earning potential first. Things like courses, credentials, qualifications that make your time more valuable. This also sets you up to later invest in assets that can generate more passive cash flow.

Busting the Warren Buffett Myth

No discussion of passive income is complete without the infamous Warren Buffett quote: "If you don't find a way to make money while you sleep, you will work until you die."

But Scott questions whether Buffett actually said this or if it's another case of misattribution. Regardless, he argues it's not actually contradictory advice - Buffett himself made his fortune selling his time and skills for high rates before shifting to more passive investments later on.

The Takeaway

At the end of the day, Scott believes personal finance advice needs more nuance and context around individual situations. Selling your specialized skills and knowledge for top dollar is not inherently worse than pursuing passive income sources. Mastering the former can provide fuel for investing in the latter down the road. So before you quit your job to flip houses or become an Instagram influencer, make sure you're properly valued and compensated for abilities you've worked hard to develop.

Join Jason every week, apply the lessons, and earn the knowledge that will earn you money.

This podcast does not constitute financial advice and is for entertainment purposes only.

Launch Your Own Podcast:
ShoRunner is the leading podcast production and strategic content company for brands, organisations, institutions, individuals, and entrepreneurs. Our team sets you up with the right strategy, equipment, training, guidance and content to ensure you sound amazing while speaking to your niche audience and networking with your perfect clients. Get in touch jason@shorunner.com

Hosted by Jason Allan Scott, The Make Money Podcast is full of practical examples of how YOU can make money.

You'll Learn:

• How to make money
• How to keep money
• Who makes money & how they do it
• What to do when you have no money
• Slow wins and quick wins To wealth

Join Jason every week, apply the lessons, and earn the knowledge that will earn you money.

Launch Your Own Podcast:
ShoRunner is the leading podcast production and strategic content company for brands, organisations, institutions, individuals, and entrepreneurs. Our team sets you up with the right strategy, equipment, training, guidance and content to ensure you sound amazing while speaking to your niche audience and networking with your perfect clients. Get in touch jason@shorunner.com