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So many people are sharing ways to make passive income or sharing their multiple streams of income. In this video, I wanted to simply break down a deal that I recently did that generated me almost $130,000 in 5 years. On average, that breaks down to around $2,166 per month.
It should be noted that this is a very unique investment that provided me both passive income per month and equity in tangible assets I can sell later or keep making passive income.
There is no right or wrong way to make passive income. But you want to make sure that the passive income takes as least amount of time away from your day to day as possible, which will optimize your net worth.
It should be noted that I am in no way an advisor or giving advice on what to do with your money. I’m just sharing a fun story and investment I recently closed on that produced some nice passive income for me.
I started my first business back in 2011 during my last semester of college. That company is still running today (2019) and I’m actively involved. That company is called Grand Apps (www.grandapps.com). We are a mobile application development and web application development company.
I currently own 4 service companies: 2 software development, 1 Marketing & 1 video production. I have a small real estate investment portfolio and have a gym equipment company. And yes, I do get around 7-8 hours a sleep per night.
My Instagram – https://www.instagram.com/chris_ake
My Facebook – https://www.facebook.com/chris.ake
My LinkedIn – https://www.linkedin.com/in/chrisake/
Passive Business Income Ideas, 2019 Passive Income Ideas – Gym Equipment.
Debt Free Living: Make It Your Future
Always produce value to the individuals in your market. The stock market is currently down which may make it a good time to buy dividend stocks. Another individual is always prepared to jump in and take your location.
2019 Passive Income Ideas – Gym Equipment, Enjoy popular complete videos related to Passive Business Income Ideas.
How To Develop Multiple Sources Of Passive Recurring Income
However why do we start with credit cards first? However in the end, all of the effort that you put in, will pay off. The end result will be a really impressive level of money flowing in – quickly and with little extra work.
If you grasp the concept of passive or recurring income and then always be on the watch out for opportunities to make recurring income, then you can still work your day job and slowly invest in your passive income streams.
passive income sources income is like candy. As soon as you have actually had a little you get a taste for it and you want more. What’s not to like? You don’t do anything (besides research and due diligence, and then installed some capital) and collect income or earnings while you sleep. Who would not want that?
Idea: The really initial step to setup passive income streams is picking the ideal concept. You need to search for as lots of concepts as possible and select those concepts that look possible. You can get the assistance of those who are currently into this. Never ever enable yourself to be stuck here. You ought to discover out which concept suits your mental frame. Never ever delay this process and you ought to start working on the very same fast.
Now let’s say that you have 100 staff members, employee, associates, etc and everyone just works 5 hours per day and just 5 days weekly implementing passive income ideas that pay you over and over again for their efforts. That would total 2500 hours weekly. Mouth Watering Huh!
Plan the sales of your products to coincide with speaking occasions or crucial conferences. If you’re speaking or exhibiting at a conference, plan special promotions and offers, too.
Isn’t it funny how everyone simply kicks back and takes as gospel what the government or society thinks of our personal lives? They have decided for us that “full retirement age” is 65 or 66 or 67 years of age. I, for one, don’t purchase into that story. I choose to live my own life on my terms. What about you?
This detailed pattern of back multiplying and scratching income streams through associated products is not dishonest in the least. However you ought to know it and keep your charge card in your pocket unless you have a present and clear need for an item. Undoubtedly, as you advance in your web marketing organization, you will take benefit of as much of these monetization approaches as possible. Remember, the holy grail of the internet online marketer is to produce passive income streams. Income which does not require a good deal of hands on management. Anything else is simply trading one employer for another.
A single site can be utilized for multiple income streams. Of course, if you want to do it the workless way, you need the money to pay your outsourcees. I enjoy working with Excel, so I do some freelance Excel work.
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