My 5 Sources of Passive Income That Make Me $35,000 Per Month

Published on November 11, 2020

Trending videos relevant with passive income idea, extra income from home, lifetime residual, and Ways to Obtain Passive Income, My 5 Sources of Passive Income That Make Me $35,000 Per Month.

In this video, I’m going over my 5 sources of passive income that now generate around $35,000 of profit each month! As a serial entrepreneur, I’m always looking for ways to work less, but create more income. Over the past 5 or so years, I’ve slowly built these passive income streams. I’m sharing them with you to give you ideas and inspiration for creating your own passive businesses!

Make sure to watch all the way through, as I’ll show you how I built each income stream, and my tips for you to start your own. I want to show you guys that it IS possible to create wealth while getting creative, and doing things you love.

⭐ The 6-Figure YouTube Academy (my new course launching October!):
https://www.sidehustlemastery.com/the-6-figure-youtube-academy

Here are my 5 current passive income streams:

  1. My real estate investment property. I’ll talk about how we were able to build instant equity with this condo in Los Angeles, and how much positive cash flow it brings in today.

  2. Affiliate marketing. I’ll go over what this is, and how promoting other businesses’ products and services can bring in a significant amount of monthly revenue.

  3. Amazon FBA (private labelling). One of the most passive forms of e-commerce that exists today – I’ll show you what it is and give you an idea of how you can start your own e-commerce brand.

  4. YouTube Adsense. Though not completely passive, it sure does feel like a passive income stream most deals. This is from creating ad revenue through my YouTube videos. I’ll also talk about how much money I make and compare it to my stats just half a year ago.

  5. Stock portfolio. I invest in both index funds and individual companies, so the growth and dividend payouts from my investments give me a passive income stream. Right now, this makes me the least amount of money of all these income streams, but investing is one of the best things to do with your money.

How to Sell on Amazon FBA For Beginners [2020 FULL Guide]:

If you’ve wanted to learn how to build passive income or become a 6 figure entrepreneur, you’ve come to right place. I hope you guys get some value out of this video! The purpose of it is to inspire you and give you ideas for creating your own passive income sources! I am 100% rooting for each and everyone of you to succeed beyond your wildest dreams. And I know you can do it.

Make sure to LIKE and SUBSCRIBE to keep up with the channel. I appreciate all of you a lot and thank you for helping me get my channel to where it is today.

-Charlie

⭐ Get 1 Free Stock on WeBull when you deposit $100 (valued up to $1400):
https://act.webull.com/kol-us/share.html?hl=en&inviteCode=gnRA9ZYGlRkS

My recording equipment and favorite books:
https://www.amazon.com/shop/charliechang

#SourcesOfIncome #Entrepreneur #PassiveIncome

Ways to Obtain Passive Income

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p style=”text-align: left;”>Ways to Obtain Passive Income, My 5 Sources of Passive Income That Make Me $35,000 Per Month.

Passive Income Is The Key To Wealth

Quickly the quantity on your student loan begins to look rather huge. This is a stark distinction from working a job where you have to reveal up day in and day out to earn your income. So put it right up there in your list of passive income ideas.

My 5 Sources of Passive Income That Make Me $35,000 Per Month, Explore trending high definition online streaming videos relevant with Ways to Obtain Passive Income.

Enormous Wealth Building With Passive Income

As you offer your inventory, you recruit individuals to build a team. Since there are just 24 hours in a day, there is a ceiling to this kind of earnings. You can quickly transform your visitors into cash!

When they find themselves wondering why they are constantly working so hard, everyone has days. Sometimes it looks like the harder we work, the less money we really make. The next time you find yourself in this position, you require to take a seat and begin to consider some passive earnings concepts.

passive income sources earnings can come in many kinds. If you got and constructed a site lots of traffic to it and had some way on generating income from the website – this would be a form of passive earnings. You might go on vacations and the website would still generate earnings for you.

It’s all about establishing passive income streams, what I imply by this is establishing your list building system so that it’s basically passive. There are a number of ways to do this. To effectively make passive earnings from your list, you require to have a number of things in location.

Among the very best ways you can make money is through passive earnings. This earnings is earnings that you keep making while not straight affecting just how much you work. There are numerous passive income ideas however these can take considerable effort to set up. A very fundamental example of passive earnings is buying a house and leasing this house out. This can then earn you some good rent however if you do not pay cash for your house undoubtedly you will be paying interest back to the bank. Another simple passive earnings concept is to compose the book and offer it.

Discover keywords that have a high search rate but low competitors. There are a number of different software application applications which will enable you to do this. Google’s keyword tool is a fine example of an easy to utilize program.

Passive earnings, in Online marketing terms just means profits that you make on a returning basis without any additional work required. So you do all the effort when and then profit over and over once again. This is automatic earnings. There is naturally a little work required to look after your business. Nevertheless nothing beats passive earnings.

Do earnings from a number of different sources seem like something for you? Then it is time for you to do something about it. Be ingenious and begin producing more earnings sources on your own today.

One might think that they must earn more but at the same time needs to work less. Nevertheless, it is encouraged that you consider all your alternatives before quiting your routine task.

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