5 PASSIVE INCOME Ideas for 2020: How I Make $5,021 a Month Doing Nothing

Published on November 15, 2020

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In this video, I share my monthly passive income sources, explain how I made it happen and I also go over some ideas on how you can achieve financial freedom as well.

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Have you ever thought about having a money tree in your backyard making money no matter what you do? That is exactly what passive income is. It’s the fact that you can have money work for you, instead of you work for the money, so you never have to chase it again. It’s like defeating the final boss of your financial life and yeah, I know it sounds crazy, but it’s definitely not a dream. If I can do it, as an immigrant who came to this country with $5,000 and a guitar, working as a musician, I guarantee, you can do it as well.

I want to be very clear that passive income is not something that falls from the sky and magically starts making you money. If you’re looking for a quick way to be rich, this isn’t it. It does require a lot of research, preparation and work. Only after you’re confident that everything works really well without you being involved, that is when the real passive income will happen.

My favorite way to generate passive income is thru REAL ESTATE.

My passive income breakdown goes as follows:
$3,836 net profit from 3 rental properties
+ $1,185 from payment 3x mortgages every month
= $5,021

If buying a property isn’t an option for you at the moment, another good way to invest in real estate is thru REAL ESTATE INVESTMENT TRUSTS (REITs).
REITs pay investors dividends every year, which is a great way to generate passive income for yourself.

Speaking of dividends, another great way to have extra passive income is by investing in DIVIDEND STOCKS.

Last but not least, starting a YOUTUBE channel and have some AFFILIATE links is also a great way to start having passive income over time, but that will only happen after you put in the work.

What Are Some Passive Income Ideas

What Are Some Passive Income Ideas, 5 PASSIVE INCOME Ideas for 2020: How I Make $5,021 a Month Doing Nothing.

The 3 Kinds Of Income

As soon as your first task is selling, begin your 2nd task. It will take longer but you will most likely learn a lot more and may even wind up making more cash. People were constantly told to take the safe path.

5 PASSIVE INCOME Ideas for 2020: How I Make $5,021 a Month Doing Nothing, Play new explained videos related to What Are Some Passive Income Ideas.

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That does not alter the reality that I am human! Much like anyone else! You are free to rest at any time you want. When starting out on your student life with any student loan, whatever is a brand-new experience.

There are lots of passive earnings ideas out there just waiting to be gotten, more so since the revolution of the web happened. Yes, that’s right, earlier, people just thought about the web as a method of entertainment. People utilized it to just talk with their buddies or download music (unlawfully!).

You can produce passive income sources if you are innovative. A passive earnings is when you receive earnings without doing any work. Many earnings sources need that you do some work to begin it off, once it is running you can preserve some earnings sources with very little work.

As soon as possible, in addition to writing for pay, you should likewise establish passive income streams. Produce your own ebooks and other items which will offer for you every year.

Now let’s say that you have 100 staff members, staff member, representatives, etc and each person only works 5 hours daily and only 5 days each week executing passive income ideas that pay you over and over again for their efforts. That would amount to 2500 hours each week. Mouth Watering Huh!

There are a number of concerns with the conventional approach, however. There is no momentum. You gave up making an effort. Your business slacks off. There are no customers that care that you are gone. Another person is constantly all set to leap in and take your location. Everything must be done by you, every day. Every new client deserves to have your full attention.

There are websites that provide visitor bundles for set prices. Pick the one that suits your costs and get the traffic diverted to your website according to your need. You can select from a plan of 1000 guaranteed visitors each month for a payment of $100 or 5000 visitors for $450, and so on.

These are just a few of the important things that you can do to build your own passive earnings sources. When it comes to investing, there is no right or wrong. The financial investments will either be wrong or right for you, and you will either make or loose cash. The important thing is to begin, make mistakes and progress. Find out what works for you and work towards your dreams.

You then collect commissions from your staff member’ sales, along with your own. The web provides systems like this that are ripe for passive earnings. May this help you reach that road like lots of others.

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