PASSIVE INCOME IDEAS
UNBELIEVABLE PASSIVE INCOME IDEAS
Write and publish the book. But now anytime the book sells you make money from royalties that's passive incomeYou could be making money while you sleep because you've created this thingwhich is call at the planet. which is generating income for youThe other thing with passive income is that it always takes a really while to urge going if you see any ads before this video talking about how you'll get rich quick by whatever schemeor if you see people within the comments pretending to be me (screenshot pops) "Oh my God here's how you'll get rich quick with crypto WhatsApp this numberThat is all a scam it isn't gonna workThere is no thanks to get rich quicklyIt is not a thing if you are looking for a get rich quick schemethose things just don't exist you would possibly also not even tryAnd the way i feel of thisis that ultimately money is simply a medium for exchanging valueThe only thanks to make money is to supply valueAnd the only thanks to make passive income passive moneyis to supply value during a way that is indirectly tied to some time don't try and join and get-rich-quick scheme they do not existI've had many massages over the years from people that have tried signing up to a get-rich-quick crypto scheme or a gambling scheme here's how you quite play poker onlineNone of those things ever workPeople always find yourself losing moneyThe only thanks to make money is by providing value let's mention the nine alternative ways (icons pop) that you could provide value if you wanted toJust before we dive in I wanna tell you that I've just launched my fresh Skillshare classabout Productivity for Creatorshow to start a successful side hustleThat's linked within the video descriptionSkillshare is sponsoring this videoI will tell you more about Skillshare afterwardbut I wanna plug my class because i feel it's genuinely specializedand people love it and it will assist you get tips on how you'll start side hustles in your spare time let's get into the video let's kick things off with investing in stocks and sharesAnd during this context the way that we offer value is by offering up our moneyProviding money and investing during a service is during a way giving a sort of value once we give our money to a corporation in the sort of buying their stocksit is sensible that we might get some quite return for that investmentAnd we're starting with this because investing in stocks is that the easiest method to make any quite passive incomeIf you've got any kinds of savings and they're sitting during a bank account01% interestthey're not doing considerably for youWhereas if you had those stay savings and put them you'll potentially be earning passive income from the cash that's otherwise just sitting there I've got an entire video called "The Ultimate Guide to Investing in Stocks and Shares for Beginners"which is gonna be linked over there somewhereSo that may be a solid half-hour-long introduction to stocks and exactly how they workBut the thing that i like to recommend for most beginners as a non-financial advisorand this is often not financial advicepurely for entertainment purposes onlyor so people say or a minimum of the thing that I do is that each one my money that's in stocks and shares is invested in index fundsNow an mutual fund are some things just like the S&P 500And once you invest for instance $1000 within the S&P 500that means that your $1000 is distributed amongst the highest 500 biggest companies within the US weighted by how big they're 2% of it might be an Apple2% in Facebook 2% in Google 2% in MicrosoftAnd then you almost certainly won't have heard of the 500th company on the listbut basically all the large US companies you've heard of you end up investing altogether of them a touch bit at a time if you wanna start thereuponall you would like to try to to is check in as a stockbrokerIf you're within the US you'll use a WebullI think I've got a link within the descriptionIf you're within the UK you'll use Freetrade or VanguardWhatever country you're in just Google the phrase best stock broker platformyour country name and you'll find something that works for youAnd then it's extremely easy to be able to invest in an mutual fund within our famous side hustle assessment matrixwe're gonna give the problem of startinga one-star rating one out of 5 very easy to urge started with stocksHow hard is it to form $100 a month by investing in stocks and shares? this type of depends because it depends on the performance of the stock exchange overall within the last 12 months from 2020 to 2021the S&P 500 has increased by about 50%That is tons it's like gone up by a solid 50% despite COVID and everything happeningSo if in April 2020you had invested $2400 within the S&P 500the fact that it's gone up by 50%means you would've made $100 a monthBut obviously this is often not the thanks to check out it because things can go up and downand the stock exchange has different levels of performance counting on what period you are looking atBut if we average out the last 30 to 50 yearsthe S&P 500 has had a roughly 10 point something per cent returnThis means per annum on the average over the longtermit goes up by around 10%This is not inflation-adjusted for any economists among usAnd so if we do some back of the envelope calculationsif we wanna earn $100 a monththrough stocks and shares we might need around about $12000 invested within the S&P 500to make that 10% which is $100 a monthBut as I mention therein video about stocksOver overtime we've compounding if you set in $7500 within the S&P 500 and you left it there for five yearsthen five years later you would be making roughly $100 a monthif we pass this very average figure of 10% a yearOr if you invested $5000 within the S&P 500then 10 years later you would be making $100 a month in purely passive income assuming the ten averageSo overall how hard is it really to make $100 a month in passive income from stocks and shares? it kinda just depends on how hard is it for you to form 5000 in savings and put them into a stock exchange index fund. And crucially this is often money that you simply shouldn't get to touch in the next five to 10 years basically how easy is it for you to form that sort of money? Varies massively depending on which country you're in (laughs) and what your circumstances are and what your job is but if you're within the UK or the US where the median quite average salary's around about $50 or something like that then again counting on your circumstances it's not that tough to urge $10000 in savings if you're supporting a family of 15 people on $50 it's different you are a single person it's different but I'm gonna give this roughly a three out of five-star rating for the difficulty of getting $100 a month if you reside during a country like India where the typical salary is $3it's very very difficult to form $10000 in savings overall and finally the third category in our side hustle assessment matrix is how hard is it to take care of this income once you've set it up within the first place? And we're gonna give this a 1 star out of 5 because once you've the cash in you only like set it and forget it and it isn't that tough to take care ofThere are other sources of passive income that require higher degrees of maintenance over timeBut stocks and shares may be a very very easy way to make passive income and to use my example these days my stocks and shares portfoliowhich i have been investing in since 2015 is now worth a roundabout of $350And the overwhelming majority of that's within the S&P 500 mutual fund i can not be bothered to work out the particular inflation-adjusted returns for that if we assume a really very rough average of 10% a year then that averages out to around $682 per week in purely passive income idea number two for generating passive income is to start out a YouTube channelThis is something I well concentrate on because I'm here on YouTube and that i teach a course called the Part-Time YouTuber Academylinked within the video description where I teach people the way to do that kind of thingSo let's use a side hustle assessment matrix and we'll mention thisHow hard is it to start out a YouTube channel? I'm gonna give this one out of 5 stars because it's extremely very easy to start a YouTube channel you just continue youtube you click to make a channel and you'll upload videos by just filming together with your phone and uploading it is a lot harder to form good videos and making good videos is how you grow on YouTubeBut getting started on YouTube very straightforwardThe real question is how hard is it to make real money from YouTube? for instance we wanna make $100 a month in passive income what does that look like?
28 Passive Income Ideas to Help You Earn While You Sleep Passive income streams for every skill and budget
Passive income is income that is generated with minimal effort, allowing you to earn money even while you sleep. It's a powerful tool for building wealth and achieving financial freedom, and there are many different ways to generate it.
Investment-Based Passive Income:
Invest in dividend-paying stocks: Dividends are regular payments that companies make to their shareholders. By investing in stocks that pay dividends, you can earn a steady stream of income over time.
Invest in rental properties: Owning rental properties can be a great way to generate passive income. You can rent out your properties to tenants and collect monthly rent payments.
Invest in peer-to-peer lending: Peer-to-peer lending platforms allow you to lend money to individuals and businesses. You'll earn interest on the loans you make.
Invest in high-yield savings accounts: High-yield savings accounts offer higher interest rates than traditional savings accounts. This can help you grow your money over time.
Content Creation Passive Income:
Start a blog: Blogging can be a great way to share your knowledge and expertise with the world. You can earn money through advertising, affiliate marketing, and selling your own products or services.
Create and sell online courses: If you have expertise in a particular area, you can create and sell online courses. This can be a great way to share your knowledge and earn passive income.
Write an ebook: If you have a knack for writing, you can write and publish an ebook. You can sell your ebook through online retailers or your own website.
Create and sell printables: Printables are digital files that people can download and print out. You can create and sell printables such as planners, templates, and worksheets.
Other Passive Income Ideas:
Affiliate marketing: Affiliate marketing involves promoting other people's products or services. You earn a commission when someone makes a purchase through your affiliate link.
Sell stock photos and videos: If you have a good eye for photography or videography, you can sell your stock photos and videos online.
Create and sell music or beats: If you are a musician or producer, you can create and sell your music or beats online.
Rent out unused space: Do you have unused space in your home or garage? You can rent it out to others for storage or parking.
Invest in vending machines: Owning and operating vending machines can be a great way to generate passive income.
Open a high-yield savings account: High-yield savings accounts offer higher interest rates than traditional savings accounts. This can help you grow your money over time.
Conclusion:
There are many different ways to generate passive income. The best option for you will depend on your skills, interests, and budget. Do some research and find a few passive income ideas that you can get started with today. With hard work and dedication, you can build a solid passive income stream that will help you achieve your financial goals.
Remember, passive income is not a get-rich-quick scheme. It takes time and effort to build a successful passive income stream. But if you are willing to put in the work, it can be a great way to achieve financial freedom.
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