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Are You Making ZERO Passive Income? Today I share 7 TOP Reasons WHY Most People Don’t Make Passive Income (plus how you can change that). This will help you as a beginner passive income earner to make your passive income ideas 2020 a reality! Which of the 7 stood out for you? Comment below 😊 ♥.
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Making passive is critical for achieving a goal of Financial Independence/Financial Freedom.
★★ TIME STAMPS ★★
#1 – 1:42 – Most people focus on too many ideas instead of honing in on 1 or 2 that actually work.
#2 – 3:15 – Most people have little to no savings to themselves. This stops them getting involved with most passive income ideas as they most focus on worry of losing the little that they have.
#3 – 4:51 – Most people don’t have an investing mindset and don’t consider passive income ideas from the perspective of Return On Investment (ROI)
#4 – 5:56 – Most people have unrealistic expectations about passive income.
#5 – 7:19 – Most people have far too little time and don’t use it effectively enough to explore a passive income idea.
#6 – 9:34 – Most people don’t know anyone else making passive income and therefore don’t get motivated or learn from real people.
#7 – 11:24 – Most people don’t have the patience to put the work in to generate passive income.
★★ POPULAR VIDEOS ★★
9 BEST Passive Income Ideas for £1000 per month (In 2020) – https://youtu.be/qwn_Gc46ahE
21 Passive Income Ideas For A Freedom Lifestyle – https://youtu.be/TIOBlUDtHsc
14 HIGH PAYING SIDE HUSTLES For 2020 To Start Today With Little Money – https://youtu.be/brAvEZCl0ys
How To Invest £1000 (9 Best Ways to Invest) – https://www.youtube.com/watch?v=0jRQk8Xkvxg
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★★ LINKS MENTIONED IN THE VIDEO ★★
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21 Passive Income Ideas For A Freedom Lifestyle – https://thehumblepenny.com/passive-income-ideas-for-a-freedom-lifestyle
★★ EQUIPMENT USED ★★
Canon EOS M50 Camera – https://amzn.to/2zcz1K0
Canon 5D Mark II Camera – https://amzn.to/2xRF1XD
Canon EF 24 – 70mm F2.8L Lens – https://amzn.to/2lFwdRQ
Canon EF 50mm F1.4L Lens – https://amzn.to/2lF6Sr9
Manfrotto Tripod – https://amzn.to/2YC3Sto
Apple iMac 2019 – https://amzn.to/2lEXNyz
Rode Microphone – https://amzn.to/2lFs0O2
★★ ABOUT US ★★
I’m married to Ken and we have two boys aged 6 and 4. I’m a Londoner, born in Hackney! 🙂
Day to day, I run the operations of The Humble Penny as a creative – doing everything from marketing to video editing. I studied Multi-media design and technology at Uni.
When I’m not creating, I love vegan food, traveling, working out and doing some outdoor fun things with my husband and kids 🙂
I’m a husband to Mary and daddy first and foremost.
Former CFO by day with over 12 years experience in the investment business. I’m a Chartered Accountant and hold an MBA from Cambridge University.
To explore my creativity, I’m a blogger, youtuber, speaker, etc. I create from my experiences as a family man and First Generation Immigrant.
I have a passion for all things Personal Finance, Business and Personal Development. I also love Photography, Music, Travel, and Sport.
We became Financially Independent aged 34 and our story has been featured on the BBC, Mail Online, Channel 5, Metro, etc.
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#passiveincomeideas #passiveincomeUK #FinancialFreedom
★★ WHAT THIS VIDEO IS ABOUT★★
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Passive Income Ideas for Young Adults, WHY MOST PEOPLE DON'T MAKE PASSIVE INCOME (and how you can!).
5 Ways Of Earning Money Online
After years of clocking in, you ought to be tired of the 9-5, everyday drag. With a passive income, you keep generating income and it does not matter if you work or if you do not work. Ok, businesses that do not require your presence.
WHY MOST PEOPLE DON'T MAKE PASSIVE INCOME (and how you can!), Find top replays related to Passive Income Ideas for Young Adults.
Setting Objectives For My Passive Earnings? Are You Sure?
The primary focus must be building your list with as less effort as possible. We do not have to choose the normal paycheck from one job. So, discover your specific niche, deal with it, and adhere to it until you succeed.
When you hear the term “passive income,” what image does this conjure in your mind? Do you really understand what passive income is and why it is essential to your monetary future? You’ll desire to read this whole post if you have even the smallest doubt.
Having passive income sources is so nice however today I attempt to focus almost completely on building them, so that I can stop working on a per hour basis and enjoy more spare time and cash.
Among the very best ways to establish passive income streams is to begin an internet marketing service. Nevertheless, not all of them are the same. You wish to sign up with an opportunity that provides you one or more opportunities where you can produce cash without having to work from sunup to sundown on the service. My online shopping service permits me to generate income doing something I like while providing me the time to spend with individuals I like.
Content 2.0 sites that generally construct themselves. You get the ball rolling with a couple of pages of content and the software looks after the rest. These sites are a lot slower to grow, however as passive income ideas go, they require the least upkeep.
If you have cash to invest for hosting and the other expenses of establishing a site, you can begin an article directory site utilizing the soft wares like post dash board. The post authors will flood your site with quality articles and this is a sure fire method of producing passive AdSense income by leveraging other people’s efforts.
Establish what is called a Continuity Program on a subject you are either passionate about or a shown professional in. A continuity program is a subscription program which people sign up with through your website, and then pay you a regular monthly charge for the services you attend to them.
This detailed pattern of back scratching and increasing income streams through associated items is not unethical in the least. However you ought to be aware of it and keep your charge card in your pocket unless you have a present and clear requirement for a product. Certainly, as you advance in your web marketing service, you will make the most of as much of these money making methods as possible. Keep in mind, the holy grail of the web marketer is to develop passive income streams. Earnings which does not require a good deal of hands on management. Anything else is just trading one manager for another.
Construct your earnings from the stream to the river, from the river to the lake. A blog site is an effective website leading online marketers have to present options to people. You can easily convert your visitors into cash!
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