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These are my 3 sources of passive income and how I got from $0 to now in just 1 year.
►Get $5 on Acorns Investing App when you use my invite link:
►Get a Free Stock on Robinhood when you use my invite code:
► Get a Free Stock on WeBull when you make a deposit of ANY amount(Valued up to $1400): https://act.webull.com/promotion/invitation/share.html?inviteCode=ZYVbQRgpg8hh
In this video I share with you my 3 sources of passive income, how I got here, and some practical ways to bring these income sources into your life too :
1. Investing in Dividend Stocks
2. Automated Social Media Marketing Campaigns
3. Affiliate Marketing
My first source of passive income, which is dividend stocks. Basically what dividend stocks are, are that I get paid for owning stock in large companies that are generating so much cash that they pay it back to their shareholders. Typically most young companies with a lot of growth opportunities don’t pay a dividend because they want to reinvest all of the money back into growing the company. But for companies who do pay a dividend, they essentially pay it to signal that they are a mature and stable company. The one downside is that it takes a lot of money for your dividends to really make an impact. Reason being is the average dividend yield for the S&P 500 has hovered right around 2%. Companies pay out dividends quarterly, semiannually, and annually depending on what they decide to do. Also, make sure you diversify and own dividend paying stocks in each sector as the average dividend yield differs greatly by sector as well.
The second way I make money is by running online social media marketing campaigns for clients. I get paid a consistent source of revenue(which is about a couple thousand dollars from each client) each month and I only have to put in about an hour maybe two a week. The hardest part about getting this source of passive income is getting new clients. The way it works is once I get a client I simply set up an advertisement campaign that is designed to automatically send them leads to grow their business. My clients get the name, email, phone number, and any other info that they want from their potential customers automatically sent to them by email, SMS, and uploaded to a shared spreadsheet. So, after the initial set up of about an hour, I spend maybe a couple of minutes a day checking to make sure the system is delivering results… just like you would do by checking a stock price…
Affiliate Marketing is my final source of passive income for me by simply talking about the the companies I use in my every day life to buy my stocks and by putting my invite links in my videos on Facebook, YouTube, and TikTok. By signing up with my links, you earn free stocks and money rewards. It’s a win win. The main sources of this income come from Acorns investing, Robinhood, and Webull. With Acorns you get $5 by simply downloading the app and registering for an acorns account using my link. With Robinhood, you get a free stock valued up to $175 when you use my invite code and create an account. You don’t have to put any money into your Robinhood account or anything. And, with Webull, you get a free stock up to $1,400 when you use my invite code as well. All of these ways, are really great because they give you a good start in investing with any one of these apps and its actually really easy to do.
By investing in dividend stocks, running advertisement campaigns for companies, and affiliate marketing, I have been able to grow my passive income streams from ZERO in 1 year and you can do the same thing too.
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Passive Sources of Income Ideas, 3 Passive Income Ideas- How I Got Here In 1 YEAR!.
House Based Residual Income And Time Freedom
A passive-income stream, will offer you more money and the time to do the important things you always wished to do. Aside from Amazon, there are numerous affiliate marketing programs. Are you aiming to end up being free of work?
3 Passive Income Ideas- How I Got Here In 1 YEAR!, Search interesting updated videos about Passive Sources of Income Ideas.
Sources Of Passive Income – 3 Lucrative Tips
Investment dividends we’ve worked so hard to set up. With a little innovation and effort you can get a long way, and just your imagination sets the limitation. You could also buy some virtual property.
Whenever anyone informs me that they think they desire to begin a company. I always recommend them to begin generating income with a passive income strategy or discover passive income source that produce excellent quantity of money. Why do I always recommend passive income opportunity? The easy reality about this is it will continue to pay you per month as long as the individual you referred into any service or you sold the service or product to remain customer to company. Let’s see the power of this.
Now, I have a setup where I can work if I play or want if I want – at my own discretion! I chose a number of years ago that I could stop my everyday job, develop some more passive income sources and do what I desire whenever I desire – for the rest of my life! If the federal government desires to offer me a Social Security inspect eventually in the future, I certainly won’t turn it down, but we can get along quite well without it, thank you.
You can pick to offer yourself a pay raise, just by developing more passive income streams. No more kissing your employer’s you know what just to get a couple of extra measly dollars.
This might need the most up-front work out of all the passive income ideas, but it can also be the most successful. If you do not desire to invest years establishing a company, consider acquiring a franchise. Some franchises are turnkey operations with tested results.
You don’t even need to be the author of the articles (though for the sake of your service it is finest if you are) – you can put together articles (appropriate, similar subjects) from free short article archives and package them into a book with you as ‘editor’.
I used to have a task to earn my income, but I recognized I could enjoy myself a lot more if I go for my dreams and do what I delight in doing. So, I have made a list of what I delight in, and I am open to originalities at the same time. I love discussing financing, so I produced a website where I share my understanding about personal financing. I love dealing with Excel, so I do some freelance Excel work. I love to check out and study the stock market, so I invest in stocks. These are just three of the important things I love and where I can develop new income sources for myself. There are much more. I hope this can influence you to recognize that you, too, can develop new income sources in your life by doing what you delight in.
This detailed pattern of back scratching and multiplying income streams through associated items is not dishonest in the least. But you should understand it and keep your credit card in your pocket unless you have a present and clear need for an item. Indeed, as you progress in your web marketing service, you will take advantage of as much of these monetization approaches as possible. Remember, the holy grail of the web online marketer is to develop passive income streams. Income which does not need a great deal of hands on management. Anything else is just trading one employer for another.
Life was grand and I was just beginning to build my nest egg. Homes are so pricey nowadays and a person can just make a lot money in a year. Passive income is income from sources other than a task.
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