OUR FIRST $2,000 OF PASSIVE INCOME – 5 Beginner Ideas We’ve Put into Practice that Earn $62/Day

Published on November 19, 2020

Top guide top searched marketing strategy, internet marketing secrets, online business, self directed ira passive income, and Passive Income Ideas for Beginners, OUR FIRST $2,000 OF PASSIVE INCOME – 5 Beginner Ideas We’ve Put into Practice that Earn $62/Day.

Passive Income has been a financial goal of ours for a while. Here are five ideas we’ve put into practice that have earned $2,000 in passive income so far this year.

0:00 – Intro
0:40 – Our Story to Passive Income
4:57 – Our 5 Passive Income Streams

• Our Budget Template (free): http://www.mikethemathman.com/budget
• Our Robinhood Invite Code (grab a free stock): https://join.robinhood.com/michaem27270
•Gear We Use for Our YouTube Videos: https://www.amazon.com/shop/mikethemathman?listId=2F90KJ814LCXF
•Instagram: https://www.instagram.com/itsmikeandbrit

We’ve managed, after many years of trial and error, to hone in on passive income streams that work well for us. And although we’re still beginners when it comes to passive income, we feel like we’re on a good track so far. All of these ideas can be implemented regardless of where you are in life. High school, college, professional, etc.

1) YouTube Revenue
Ever since getting back from Hawaii, Mike has turned YouTube a big science experiment. We got a glimpse of what earning money on YouTube could be like shortly after returning to the mainland, but it didn’t last long because YouTube changed their partnership policies and his original channel didn’t meet the new standards. He created a photography/technology channel that was more successful, but still didn’t feel like him. This channel, however, fits a lot more with both of our personalities (especially his, with him being a math nerd) and is a lot more enjoyable to create content for. Being partnered on YouTube will hopefully allow us to travel and work more freely in the future, as we’ll be able to take our work with us wherever we are, rather than having to stick to one location to work.

2) Amazon Associates
If you’re large enough on social media (YouTube or Instagram for example), or have a website of your own with enough traffic, you can join Amazon’s affiliate marketing program. This allows you to create custom affiliate links through Amazon to products you use, an if one of your visitors or followers makes a purchase after clicking on your links, you get paid a small commission.

3) Dividend Investing
We use an investment platform called Robinhood to do our investing currently. It’s simple and easy to use. Our investment strategy is to create a dividend portfolio of ETF’s, REIT’s, and stocks that we can use to subsidize our income more and more into the future.

4) High Interest Savings Account
This is where we park our emergency fund and any extra cash we have sitting around. We use Ally bank, and while they may not have the best interest rate available for HYSA, they’ve been very pleasant to bank with. Currently Their interest rate is 1.1%. When we first joined, it was closer to 2.4%. Once things get back to normal in the economy and interest rates go back up, we expect Ally to raise their savings rates again.

5) Credit Card Rewards
Using credit cards as a stream of passive income is a strange idea. Although we don’t make much cash back from our purchases, the cash rewards we do receive from everyday purchases is cash we wouldn’t have received normally. And since we don’t really have to work for it, we’re counting it as passive income.


Camera 1 – Sony a6300 – https://amzn.to/2IT0sht
Camera 2 – Sony a6500 – https://amzn.to/2ZvONuX

Sony 10-18mm f/4 – https://amzn.to/2DuIMpf
Sony 50mm f/1.8 – https://amzn.to/2Dtob4D
Sigma 16mm f/1.4 – https://amzn.to/2ZpYZW5

Tripod – Manfrotto 290 Xtra – https://amzn.to/2GEvKYg
Tripod Head – Manfrotto 3-Way Photo Head – https://amzn.to/2IOjNAw

Outro Music Provided by:

YouTube Library – Foundation

Legal Disclaimer: Michael Miller is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com.

Passive Income Ideas for Beginners

Passive Income Ideas for Beginners, OUR FIRST $2,000 OF PASSIVE INCOME – 5 Beginner Ideas We’ve Put into Practice that Earn $62/Day.

Build The Company Of Your Dreams – 3 Pointers To The Perfect Company!

I actually have one of the ideas half method done. Numerous 9:00 to 5:00 people are stuck in the rat race not knowing how to free themselves. There are various methods by which one can begin making.

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5 Quick Legitimate Methods To Generate Income Online

After all. isn’t that what your boss has done? You get the ball rolling with a couple of pages of material and the software takes care of the rest. Find keywords that have a high search rate however low competitors.

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Now, I have a setup where I can work if I play or wish if I wish – at my own discretion! I chose a couple of years ago that I could stop my daily job, develop some more passive income sources and do what I want whenever I want – for the rest of my life! If the federal government wants to offer me a Social Security examine at some point in the future, I definitely will not turn it down, however we can get along rather well without it, thank you.

Sounds easy right? Yes, it is. Through passive income streams, people have gotten a lot. All they require to do is to create a site, increase their traffic with using SEO, and get more visitors daily.

When you are searching for passive income ideas, you are going to wish to take an appearance at some of the most successful people in the world. Among the reasons that a number of these people are so successful is since they knew how to put themselves in a position where they were going to be making a fantastic income. By studying the ideas that they had, you’ll begin to get some ideas of your own.

The culture of today says we should appear as supermodels, while staying non-active and stagnating in our lifestyles. This might be difficult to believe, however that’s the method life is, and practically everyone wants to be excellent looking.

Focus mainly on supplying solid information to your readers. In order to get sales, your trustworthiness needs to be high and this can just be accomplished by producing a quality advisory blog. If a reader is impressed by your advice, they are even more most likely to buy any product you might promote.

You see, money resembles people, you don’t appreciate money, it doesn’t appreciate you either. It’s as simple as that. Focus on building a fantastic relationship with money. Love it & regard it. Listen from the genuine experts. Start a master mind group & see yourself reaching your goals quicker than you ever believed possible.

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