New overview highly rated what is passive income, extra income from home, good money, and Passive Income Ideas for Lawyers, How I’ll Build $200,000 in Passive Income This Year.
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Today I’m talking ALL about PASSIVE INCOME. The what, the why, the how of passive income. First I’ll cover what passive income is, then I’ll talk about why I’m going to be revealing this on YouTube, followed by how I’ve set the goal of $200,000 of passive income and finally, how I’m actually going to create this $200,000 of passive income.
Passive income is a trendy topic–and for good reason. I believe in transparency, and I thought that by sharing my passive income goals and strategy up front with you, and bringing you along on the journey, you will hopefully get some benefit out of it too!
I’ll talk about the standard online passive income streams, such as passive income from affiliate marketing and passive income from youtube, but I’ll also go into a few other streams I’m going to build this year. My goal is that by seeing exactly the thinking process that goes behind this, you’ll get some ideas too and try to build at least 1 passive income stream this year! (which, if you watched my video at the beginning of the year on the financial goals you should have for 2020, I list as 1 of them!)
1) 🎓 SoFi – Get $100 when you refinance Your Student Loans to Cut the Interest Rates! (I refinanced with SoFI!)
2) 📲 Webull – Investing App – Earn 2 Free Stocks (valued at up to $1400) when you deposit $100.
3) 📈 Robinhood – Investing App – Earn 1 Free Stock when you open an account.
➤ PERSONAL CAPITAL
4) 📊 Personal Capital – Finance Tracker – Get $20 when you open an account.
➤ CAPITAL ONE
5) 💰 Capital One – Credit Card – Earn up to 50,000 bonus miles with a Capital One Venture Rewards Card (one of my favorite cards)
➤ RICH DAD POOR DAD
6) 📚 Rich Dad Poor Dad – Book – This is my favorite personal finance book
➤ FREE DOWNLOADS
7) 💸 Download the budget & expenses tracker or the net worth tracker I created
Free Budget & Expenses tracker: https://bit.ly/3aTYOrJ
Free Net Worth tracker: https://bit.ly/2U5UOOR
➤ OTHER RESOURCES
8) 📧 For other resources, check out my website
Hello! My name is Erika Kullberg. I’m a lawyer by profession, but my passion is personal finance. After I graduated, I had over $200,000 of student debt, so I made it my mission to dive into everything personal finance-related, so I could equip myself with the tools to pay off the student loans as quickly as possible. I ended up paying them off in under 2 years, and now it’s my passion project to share with you all of the strategies I’ve used to pay off my student loans, increase my net worth, credit card hack (travel on points), invest, house hack (invest in real estate), build passive income streams, and more. I hope you’ll join me—I’ll have a new video with filled with valuable personal finance tips every Tuesday!
📮 LET’S CONNECT!
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NOTE: This description contains some affiliate links, meaning that I may earn a minimal commission if you click through and use these links (at no additional cost to you).
Disclaimer: I am not a financial advisor. Although I am lawyer by profession, I am not your lawyer and no attorney-client relationship is established with you in any way. This video, and the ideas presented in it, are for entertainment purposes only and should not be construed as financial or legal advice.
#passiveincome #youtubepassiveincome #passiveincomeonline
Passive Income Ideas for Lawyers, How I’ll Build $200,000 in Passive Income This Year.
Covered Call Stocks For Passive Income
After years of clocking in, you should be tired of the 9-5, daily drag. With a passive earnings, you continue earning money and it does not matter if you work or if you do not work. Ok, businesses that do not need your existence.
How I’ll Build $200,000 in Passive Income This Year, Find popular high definition online streaming videos about Passive Income Ideas for Lawyers.
Passive Earnings Streams – How To Work Less And Earn More
The companies pay each time somebody clicks one of the ads. Residing in one unit while leasing the others supplies solid capital that will increase gradually. To get abundant quick, you only require something.
If you grasp the principle of passive or recurring earnings and then always be on the watch out for opportunities to make recurring earnings, then you can still work your day job and slowly invest in your passive earnings streams.
Paper. This is most likely the most convenient of the passive income sources. By investing your cash appropriately you can create capital through the market too. However it’s also the most riskiest. Paper investing like stocks, bonds and the like are really market delicate. Markets increase, markets go down, and markets go sideways. The problem with paper assets is that there’s really little or no protection when the market goes bad. When the market goes up and lose everything coming down, they do well.
Unlike a lot of, when it concerns starting your working life in your selected career, you’re under no pressure. You have your passive incomes streams still working for you. So you have routine earnings can be found in all the time to keep you afloat. So even if you have no job there is no genuine monetary pressure on you. And when you start work, you can set up a lot more passive income streams to supplement your primary day job earnings. This might be so you can buy the ideal house or flat in the best locations. When they start their working life, in the meanwhile other ex students with huge trainee loans battle. They find it hard to make ends satisfy monthly. They still need to pay off all of their trainee loan for several years to come.
If you have an ability for marketing, then why not open up an online shop? This is one of those passive income ideas which make sure to work. Setting it up is not really simple, but if you do it right, it can indeed deserve it.
It should be a short-term and medium variety objective to have 3 or more various earnings sources working for you at the same time. One of the most convenient ways to do this is by being an affiliate marketer where another person has the product and you market and promote it online. You make a specific portion of the deal if it sells. This is a congested market but if you find niche markets you can do well in it.
There are sites that offer visitor packages for fixed costs. Select the one that fits in your costs and get the traffic diverted to your website according to your requirement. You can select from a package of 1000 ensured visitors per month for a payment of $100 or 5000 visitors for $450, and so on.
Mlm is a fantastic way to easily earn money. You can select a MLM that uses you discounted travel packages and lodging. Now you can afford to take a trip anywhere you wish to, remain in upper-class hotels and still generate income. You can involve your family and friends and let them have the very same benefits. You can pay your bills, leave debt and buy whatever you desire and require. You only require to get 2 active people to join your MLM and the people they hire, will pay you a passive earnings for life. Sign up with a business that is legal and patented. Watch out for discount rate vouchers and reward packages. Surf the internet for travel deals and compare various providers. You can safe approximately 50% on your travel plan and still get cash rewards.
By studying the concepts that they had, you’ll start to get some concepts of your own. Earning passive earnings online can do precisely this and it’s one method of earning money online. You don’t wish to include more work to your life.
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