10 Passive Income Ideas - How I Earn US$1,000 In A Day While I Sleep
In this video I share 10 real passive income sources that allow you to earn money when you sleep or vacation. They include dividend income from stocks such as Apple that pay an exceptional dividend yield. I share how to make $30 per day from dividends from stocks. The second source of income shared is using a personal financial YouTube channel with a very high CPM to make money and leveraging a catalogue of content that you can earn on passively. The 3rd source of passive income is affiliate marketing using Amazon associates that leverage an Amazon storefront and other affiliate programs like Envacto, Respondent etc. Selling products on an e-commerce website is the 4th source of passive income covered to include personal websites, Amazon and platforms like Teespring. Portfolio income is the 5th source of passive income covered and this includes bonds, index funds, mutual funds that leverage compound interest to maximize returns. Another source of passive income share is real estate investment where a landlord tenant relationship is established with a property manager being the middle man to ensure the income source is truly passive. While airbnb options are explored, long term rental I explain is more passive. With 3 properties rented I share how to make $100 per day in passive income. Royalties is another source of passive income shared with examples that include my book which is an ebook, audiobook, hardcover and paperback and sold on Amazon, Apple with print on demand or as a digital product which makes it truly passive. I also share other royalty passive income earners like courses, digital products such as an excel spreadsheet. Angel investing is another source of passive income share and an example with sweat equity is explored. Renting your personal vehicle, and hosting events or eating out your personal home to earn passive income are other sources covered and a bonus source was credit card cash back.
#passiveincome #makemoneywhileyousleep #financialfreedom
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🆘 Disclaimer: Links included in this description may be affiliate links. If you purchase products using the links included I may receive a commission however, there is NO additional charge to you. Also, I am not a financial advisor nor am I a psychologist, I am only sharing information that I have used successfully or that others that I am aware of have used. If you opt to use any information that I share you do so at your own risk and you take full responsibility for the outcome. Any advice and information shared on my channel is general only, and is being shared without taking into account your particular circumstances and needs. Before acting on any advice shared you should assess or seek advice on whether it is appropriate for your needs, financial situation and investment objectives.