It's All About Starting | My Passive Income Portfolio

Published on November 10, 2020

Top updated videos about residual income formula, home-based business, multiple sources of income, and Passive Income Ideas During Coronavirus, It's All About Starting | My Passive Income Portfolio.

The video series is called “My Passive Income Portfolio.” I will be providing my passive income sources with proof every single month.

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The goal of this passive income video series is to (1) track my progress, and (2) create a like-minded community where we help each other achieve passive income.

I am not making these videos to brag in any way. I am making these videos because I used to (and still do) watch other YouTuber’s passive income videos to get inspiration and ideas how to grow my wealth and income.

My overarching goal in building my passive income is to create sufficient low-risk passive income to cover my needs, my wants, and my wealth over time. I see this as a four-part process:

  1. Create enough passive income to cover my needs;
  2. Create enough passive income to cover my wants;
  3. De-risk my passive income sources while keeping the same level of income;
  4. Grow my wealth with each additional dollar I earn.

I am going to show you my actual sources of passive income here. I am not going to count any money that I am either owed or hasn’t not come into my bank account yet.

My passive income number shown here each month will be my actual money in the door. In other words, the passive income is, well, INCOME. Not made up or theoretical.

This is why I am not going to count the value increase in any of my portfolio as part of my income. It’s not money I can spend unless I sell, so it’s not reliable.

So in case you are wondering how much passive income I made in January 2020 and don’t want to watch the whole thing, here you go: $2,952.72. —Drop a LIKE for me not hiding the ball 😉

My passive income is broken down by five key sources:

#1: Affiliate marketing passive income (3:26)
#2: YouTube passive income (5:45)
#3: Bank interest passive income (7:02)
#4: Real Estate passive income (7:49)
#5: Stock dividend passive income (9:08)

I hope to grow each of these sources individually and add to my sources of passive income with new investments and assets.

Note that in this video, I am not counting any retirement income or any assets I have (like stocks) that do not produce income on their own. Again, it’s about money in the door!

So what are your passive income financial goals?

The high yield, no fee, free ATM checking account I love that comes with a sign up bonus:
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AFFILIATE DISCLOSURE: Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and sign up. However, this does not impact my opinions and comparisons.

#mypassiveincomeportfolio #passiveincome #financialindependence

Passive Income Ideas During Coronavirus

Passive Income Ideas During Coronavirus, It's All About Starting | My Passive Income Portfolio.

Working Towards Sustainability With Passive Income

These programs need more marketing and having stock or buying product monthly.
Getting passive earnings streams from your blog site is a great way to supplement your online activities.

It's All About Starting | My Passive Income Portfolio, Find new full videos related to Passive Income Ideas During Coronavirus.

A List Of Possible Sources Of Several Streams Of Income

Any organization: Purchasing an organization indicates buying a system that provides capital. Every ones aim is to make and lead a comfy and pleased life. This is among the best passive income ideas for the web.

When beginning on your student life with any student loan, whatever is a new experience. Nevertheless one of the greatest downsides to all this is to guarantee your student loan spending is kept under control. This is all the time throughout your student days. And this is made that far more tough right from the start as you have to purchase loads of brand-new text books to begin your studies. This is as well as having to purchase your own laptop and printer. So there are a lot of costs sustained right from the start. Soon the amount on your student loan starts to look rather big.

Realty. This is among the most apparent passive income sources. Nevertheless, it depends how you buy property to see whether it’s truly a passive earnings source. The abundant invest for capital. That’s more passive. That indicates they buy property as soon as and that home offers them an income monthly no matter what. They don’t care so much if the marketplace is high or low, they just want their monthly check. The typical or middle class individual invests for capital gains. That indicates they purchase low and sell high. Nevertheless this that type of earnings is not passive; it’s active. As soon as, that’s the very same thing as offering an item. It’s not on going. It’s hard to build up steady wealth that way.

If you’re a web designer or designer, it’s simple to build passive income streams. All you have to do is use the abilities that you currently have established. Nothing brand-new. Below are some examples of what works for the majority of people.

Unlike standard organizations, your market is worldwide and you have the capability to develop multiple earnings streams and develop more passive income ideas.

The web provides systems like this that are ripe for passive earnings. Anyone can begin a blog site free of charge and after that monetize it with advertisements. Then you can make cash from the advertising, if you can build traffic to such a site. The charm of a system like this is that there is practically unlimited scale and a boundless amount of subjects with which to target. Not only that but you can definitely find out how to do all this free of charge simply by searching the web.

Passive earnings, in Online marketing terms simply indicates income that you make on a returning basis without any extra work needed. So you do all the effort as soon as and after that reap the advantages over and over again. This is automatic earnings. There is naturally a little work needed to look after your organization. Nevertheless nothing beats passive earnings.

She or he can do it when ever they discover time. These type of tasks make individuals to have more time to invest with their households. There is no need for one to strain much. These passive earnings or residual income is just an extra income. They may be long-term or short-lived, this depends upon the type of the task and the interest that a person has got to make and lead a pleased and comfy life.

There are passive income ideas based on valuable abilities, such as writing. It can be simply putting a report or eBook currently out there into your own words. That way, I don’t run the risk of an effect on the other parts of my life.

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