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Lets discuss the holy grail of money, investing, and personal finance: How to make passive income. More specifically, some ideas that have the potential to generate $100 per day OR MORE in 2020. Enjoy! Instagram: GPStephan — SHOW MORE 👇🏼
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Now when it comes to making passive income, there are only two categories this falls under:
The first is the passive income you generate by investing your TIME
The second is the passive income you generate by investing your MONEY
So lets begin with the first one: Investing your time, since this is something we all have. Creating passive income like this means you invest your time upfront to create an income source that then pays you in the future, regardless on how many MORE hours you to spend on it.
First: Affiliate marketing. This is when you promote another service or item, and you get PAID a percentage if someone buys it through you…and the easiest one to set up is to join the Amazon Affiliate Program.
Second: YouTube Ad Revenue.
For example, I could spend 9 hours creating a video, post it, and that video continues to generate revenue for months or years to come, regardless of what else I do. The best way to do this, IN MY OPINION, Is to make how-to videos that people will search for long term. Like “How to invest in an index fund,” “How to invest in the stock market,” “how to make money online for beginners,” etc. This is the best way to get your videos a consistent amount of views, long term, and then get a backlog of these videos that rank on the search results.
Third: : Creating a how-to program. For example, I have that YouTube Creator Academy program (link above) that I created to teach people various strategies on how to grow on YouTube. Now I also spent about half a year creating my program “The Real Estate Agent Academy” which teaches real estate agents how they can grow and make money in the business.
Fourth: Renting out an unused room on AirBnb, ARBO, HomeAway, etc. or rent out an unused storage space.
Now another way to make passive income investing your TIME is by renting one of your unused rooms on AirBnb, VRBO, homeaway, or any one of these sites – or even just renting out one of your unused rooms on a short term lease. You could EVEN go even further than this and rent out your garage as a storage space! If you’re living in a place right now with an unused bedroom and don’t mind sharing your space with a room mate – this could be an INCREDIBLE way to start generating some passive income by using what you already have. Same if you have extra storage – someone likely would use it!
INVESTING YOUR MONEY FOR PASSIVE INCOME:
First: Investing in Dividend Stocks.
These are just stocks that have a payout every 3 months, and for most stocks, that payout ranges from about 1-8% annually. Your goal could be to get a mix of stock price growth – meaning it goes up in price over time and through that – you make money – while at the same time, they’re giving you a dividend payout every quarter. Just make sure to hold dividend stocks in a tax advantaged account, otherwise they’re taxed as ordinary income…and that’s bad…I’ll make a video on this shortly!
Second: Investing in growth stocks.
These are stocks that DONT pay a dividend, but because they DONT pay a dividend to their investors, they have more cashflow to invest back into the business, and that should increase the stock price even further. If you chose just to follow the average of the market with an index fund, you should expect to see – ON AVERAGE – around a 6-8% return per year.
Third: REAL ESTATE
The reason I like this is because there are SO MANY WAYS to make passive income with this one.
First, you can go the traditional route and buy a property to then rent out.
Second, you can move into a multi-family property and live for free!
Third, you can rent out your unused bedrooms!
Fourth, you’re paying down the mortgage, and
Fifth, the property will hopefully go up in value long term.
And yes, this IS something that requires upfront work and capital to set up – but if you have the 10-20% down payment to buy a property, and you have the interest and time to learn about real estate, this could be a phenomenal long term investment.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com
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100 Passive Income Ideas, Passive Income: How To Make $100 Per Day In 2020.
Numerous Passive Earnings Streams – The Method To Go!
Be your own employer and decide just how much money you wish to earn each month. The genuine difficulty is naturally in structure links to your site which is where the genuine money is at. There are no clients that care that you are gone.
Passive Income: How To Make $100 Per Day In 2020, Watch new updated videos about 100 Passive Income Ideas.
House Based Recurring Earnings And Time Freedom
You use a little bit of beneficial details, but not excessive. At first you might feel confused about the entire principle and might not understand which way to move further. You are free to wake whenever you desire.
This kind of earnings actually is possible but you ought to look thoroughly at how you can generate it. If you think about the variety of hours in a day and then think about why some people are abundant and others are not then it becomes quite clear that passive earnings is in reality a reality.
Paper. This is probably the easiest of the passive income sources. By investing your money properly you can generate cash flow through the market too. However it’s likewise the most riskiest. Paper investing like stocks, bonds and the like are really market sensitive. Markets increase, markets go down, and markets go sideways. The problem with paper possessions is that there’s really little or no defense when the market goes bad. When the market goes up and lose whatever coming down, they do well.
The third key to success is producing two or more passive income streams. With multiple earnings streams you can better manage the variation of your earnings. Stockbrokers will inform you the exact same – diversify your earnings. Back in 2002 I had just ONE program and it was creating over $5,000 each month. Life was grand and I was simply beginning to develop my nest egg. Then, the FDA stepped in and shut the business down. In 2002 this was my primary earnings. My earnings went from $5,000 to $200 each month. Needless to say, my lifestyle altered really dramatically. You don’t have to make this exact same error to find out how crucial it is to diversify with two or more programs.
Don’t bite off more than you can chew. When it pertains to passive income ideas, you wish to begin small. You can work your way approximately bigger and brighter things in the future. Frequently people get so blinded by the quantity of money they might conceivably make that they stop working to think about the possible pit falls. While the large passive earnings chances normally indicate more money, they can likewise indicate that you are going to have to do a lot more work than you prepared on. By beginning small, you’ll be able to easily revoke the project if things don’t go the manner in which you hoped.
There are a number of problems with the traditional approach, though. There is no momentum. You quit making an effort. Your company slacks off. There are no clients that care that you are gone. Another person is always all set to leap in and take your location. Whatever must be done by you, every day. Every new customer is worthy of to have your full attention.
Isn’t it amusing how everybody simply kicks back and takes as gospel what the government or society believes about our individual lives? They have decided for us that “full retirement age” is 65 or 66 or 67 years of age. I, for one, don’t buy into that story. I pick to live my own life on my terms. What about you?
In conclusion, this is the biggest time ever to be on this earth. The basic internet connection you have in your house is the on ramp to financial security now and when you retire. If you are a student, this is by far the very best way to generate income. This practically ensures that you will graduate without a back breaking load of financial obligation.
The holy grail though, is to focus on having as many passive income sources working for you at the exact same time. Nevertheless absolutely nothing beats passive earnings. This is not comfortable, which is essential to admit.
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