How to earn
7
7 Passive Income Ideas - How I Earn $700 A Day!
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okay perfect
hey guys so today i'm sharing with you
my seven sources of passive income but
first
let me take you back and tell you how i
got here so i was jobless in the first
half of 2019
i was working roughly 12 hours per day
six days a week sleeping maybe four of
those days
counting up to roughly 288 hours per
month of work
and averaging that out i was earning
three dollars and
47 cents per hour and with that money i
had to pay for my food
my rent and that's all i could afford
i can tell you i don't have money but
what i do have
are a very particular set of skills
survival that was the skill
hopefully you guys find this video very
helpful i'm going to give you an inside
look into my finances my growth on
youtube
where you guys can see i just started
this january i don't know if i've made
it i'll let you be the judge of that
but none of these sources of passive
income would be here if i didn't conquer
my fears
one day and one fear at a time let's
begin
[Music]
say something something so how are you
enjoying hawaii
i love it i'm freaking out every day
you're interviewing me so i'm looking at
you this feels like cast
sorry about that i don't know what that
was but let's just begin with my
favorite source of passive income and
that is
dividend growth investing now if you
guys don't know what that is
it's basically i get paid for owning
certain types of companies that are
called blue chip stocks
these are companies that include walmart
disney coca-cola
apple you name it really mature
companies that are generating so much
cash
that they're like guys we don't know
what to do with all this money thank you
investors
here you go and they just pay me back
for just owning now i don't have to sell
any of these stocks i just collect them
on a monthly quarterly or whatever it is
now again it's my favorite way of
investing but the downside
is that you actually need quite a lot of
money to make any significant source of
income which is great for me because it
encourages me
to save as much of my money and then
invest it rather than spending it on
things i don't need
so that's why i love it but for the
month of october
i actually got paid 437.94
from 21 of the 100 companies that i own
and again some of them pay me monthly
some of them pay quarterly
and if you do want to start this kind of
investing don't chase the dividend yield
as it's called
don't chase the monthly factor it's like
saying would you rather get paid
100 once per year or split
two times or 12 times whatever it is it
doesn't matter because the total amount
will still be the same no matter how
many different ways it gets split up
because sometimes people ask me like
andre tell me some monthly dividend
paying stocks but it's not actually
going to pay you more
it's just going to pay you put out
different ways hope that makes sense and
i'm tracking all of these 100 stocks
through my google spreadsheets
otherwise there is no way that i'm going
to be able to keep track of it it tells
me all of my schedules all of my
dividends
and everything i need to know and i'm
getting the same stock market data
provider
as the ones that robinhood and all these
other major brokerages are using as well
so for example i know that out of that
437 dollars
i know that 20 of it is coming from the
real estate sector
and another 15.8 percent is coming from
the consumer staples industry and if you
guys are not familiar with what that is
that's an industry where it's always
going to have similar and or growing
demand based upon the population
so people are always going to need to
buy food water shampoo
cigarettes toilet paper which is always
embarrassing to buy and check out i
can't be the only one so consumer
staples
is that sort of stuff and if you guys
want to use the same google spreadsheets
that i'm using
you can find mine on my patreon but it
is behind a paywall i apologize
otherwise i would just go broke paying
for it by myself the number two source
of passive income that i really enjoy
is royalties now this one is pretty rare
most people don't have this as a source
of passive income but
anyone can have it if you're not
familiar with what royalties are
royalties are something that i get paid
as an artist
from a percent of a gross sales on a
product that another company has
produced for me which sounds really
really complicated but it's really
simple
it's how your favorite music artists get
paid when they pitch a song to
a record label company they'll come
along they'll produce this song
and put it up on itunes or wherever it
is spotify and then they'll pay the
artist
a certain percent of the sales of this
song now for most people including
myself
i'm not a singer or a songwriter so my
royalties are coming from
course sales which are going to be the
truth for most people now for me i
actually taught people how to do
cardistry which is
this crazy art form of how to shuffle
cards and i've been having this source
of passive income since i was like 19
years old
and i've been generating at least 100
every single month so for last month
i actually made 113 dollars
selling this product my third source of
passive income is you smashing
that like button seriously it helps my
channel out a lot but it's actually
amazon links now for some people
this source of income is absolutely huge
if you're somebody who likes to
buy things and then review them you can
make your own youtube channel where you
review these products and if people like
them
they can click your link below each
video that you make and if they buy said
product you will make a small
tiny percent of each sale but if you
wanted to make money with amazon links i
encourage you to instead of doing the
links for products if you don't want to
do product reviews
to instead do their bounty program which
is what i'm doing
so in the description below this video
and all my other videos
i'll leave a link to audible where if
you sign up and you click that link
you'll get two free audio books from
amazon and for whatever reason
that one generates a lot more income
than if i didn't do it so before i
did this i was making maybe 30 dollars
per month on amazon
because again i'm a financial education
channel i don't do physical product
reviews
but then when i started doing this i
started to make
yeah i wish no it was not that much it
was not 1478. that's how much people
spent
clicking my link but i only made 146
dollars and 30 cents which to me
is great and i'm really grateful for
that because that's how much money i
thought
i would be making my first year on
youtube anyway my fourth stream of
passive income is from selling products
on shopify now these are actually
products that i made myself with my
friend
where we did a kickstarter campaign
earlier last year where we were selling
playing cards which is super cool
and for my share in the last month of
october i made 978 dollars now
this is nice money but it's not money
i'm actually spending or buying anything
with i'm not paying my rent with it it's
held in a joint account
where we're accumulating money and then
reinvesting it to create more products
my fifth source of passive income is
through affiliate links
and this is where i will leave a link
below each video to let's say a
brokerage that i'm using like weeble
where if you fund your account 100 you
will get a free stock valued at up to 1
000 and i prefer doing that a lot more
to
paid sponsored videos if you guys don't
already know paid sponsored videos are a
huge source of income for a lot of
youtubers
i think i can reasonably make one to
even a couple extra
thousand dollars every single month by
promoting or advertising another company
but so far i've never done a paid or a
sponsored video
but lord knows i could have used that
money so much
in the first half of this year when i
wasn't getting paid anything and
right now i'm getting at least one to
two emails a day asking me to promote
some
product some service or whatever it is
and usually i would rather prefer to
advertise myself for my products or my
services which is my patreon or
just to support my work i prefer doing
that or leaving an affiliate link where
at least you guys will make some
profit and some benefit out of it and i
will make a little bit of money too but
for the last month of october i
generated
3 591 dollars which is
insane like just saying that out loud
it's crazy
that's a lot of money to me my sixth
stream of passive income is through my
patreon page and i'm
so grateful and so thankful for this one
because to me it's like gold
as a content creator on youtube i will
only be eligible to be paid
if i've met the 100 threshold and i'll
only get paid once on the 20th of each
month which is
such a weird time of the month to get
paid in contrast with patreon where i
will get paid
once on the first of each month which
makes a lot more sense because that's
actually when all of my bills are due so
as a content creator you can use patreon
to thank your community
make more content for them or give
exclusive sneak peek and early access
to your videos i went into a slightly
different direction where
i'm using that money to reinvest it into
creating tools
where we as investors can use to get
immediate value out of
and i'm also providing financial
transparency by sharing with you
exactly when i'm buying and selling my
stocks so to me
that's really important and i'm sure i
can make a lot more money but i don't
want to stretch myself
out so thin to where i'm over promising
and under delivering
because i value my time but the older i
get the more i'm reminded
just how short life is and whatever time
i have left
i would rather give it to the people
that i love spending with the most
and yeah money is nice but it's not
everything even though it is tempting to
take this money and just
buy stocks which buys me my time but for
the month of october
and i can't believe i'm saying this out
loud because it feels like a dream
i made 4092 dollars
which is insane i'm so grateful for that
but a large majority of that does go to
the stock market data provider so i feel
really good about that because i'm using
your guys's money to create tools that
we all use and get immediate value out
of
so it's really tempting to use this
money to pay it for my own stuff
but i'd just rather give it back in the
form of these tools my seventh stream of
passive income which is consequently the
least passive of all of them is the one
i'm sure you guys have all been waiting
for and that is my ad revenue
now when i started my youtube channel i
did not know that financial education
channels have some of the highest ad
rates
in the entire industry and that's
because you the one who's watching
right now probably have the education
and the job
and the disposable income to spend on
things that banks
credit cards brokerages they all want
access to
they want you that is why you are so
valuable to them and that is precisely
why i'm so picky
and so selective with what i talk about
because the last thing i want to become
is a mouthpiece for those corporations
or just be one of those people and
youtubers who just gives you timeshare
presentations
because sometimes i'll watch a video and
then halfway through i'll realize
oh this person doesn't really care about
educating me on how to build my credit
score
they just want me to sign up to this
credit card because they'll get a
certain percent of money
and they don't even have this credit
card that's the thing i don't want and
even for me
this video is very uncharacteristic
because i've advertised so much of my
myself my patreon my products my
affiliate links like i never
do this this is the most advertisy that
i've ever been
and maybe i'm naive but when i started
my youtube channel i was just
i bought every course and everything
that i could think of to grow my channel
and to
make money off of it and the one advice
that was so
prevalent is well there's two of them
one of them was batch your content which
is to shoot like five videos in one day
and the second terrible poor advice that
i've ever seen is
you need to plan ahead and you need to
have a goal maybe that's just me being
naive but when i started my youtube
channel i had
zero goals zero things in mind i just
loved
talking about finance i love making
stupid cinematic videos where
why am i shooting in 4k on a sony a7 3
with a g master lens why do i drone like
why does a financial education channel
need all these things like i don't but i
get so much enjoyment out of making
these videos that i i make
like a day before you see them or two
days because i'll spend so much time on
them
and that to me is what's enjoyable like
i don't want to become that person who's
just giving you timeshare presentations
and trying to sell you on things so
again this is the least form of passive
income and most of this money by the way
came from videos that i've done in the
past rather than videos that i'm putting
out today it's like all these
couple hundred dollar videos they're
adding up just like dividends so
in the last month of october and this
has only started happening to my channel
like two or three months ago
12 671.79
that does not sound real to me so as you
guys can see right here this is my
october if i go to october
there it is twelve thousand six hundred
sixty one dollars and ninety four cents
for the ad
revenue rate so this is not fake in case
anybody is gonna fake
i've had mostly about averaging four 400
days
the highest these two peaks were close
to 850 dollars
per day and all in all 12 661
i'm just gonna assume that this is never
gonna happen again
so i'm cherishing and saving every
single dollar that i get
all together and i can't believe i'm
saying this out loud in the last month
of october i've made
20 939 dollars
and three cents i'm overwhelmed i'm in
awe and i'm upset
because that's 61 shy of 21 000
i'm kidding i'm not that much of a
douchebag that is a lot of money
but i'm upset because i've spent nearly
10 years of my life
working and providing value for one
entity and one person
to give them value and build their
company that i never even came close and
yet
here i am with my first year on youtube
making an obscene amount of money that
it isn't fair
and if it's one thing i've learned is
that providing value for
others rather than one person is going
to be
far more lucrative for you in the future
and so maybe you're spending a lot of
time
whether it's in a relationship a job or
a career and whatever it is you're doing
just remember that
time could be costing you your greater
potential and i'm
so happy that i never made my 100
000 per year goal of making that much
money in one year before 30. that was
my unicorn salary that i never received
in my life and i'm glad i didn't because
if i did i probably would have stayed
and i would have never
done this and i would never be on this
video in front of you and so i'm really
grateful and thankful that all of this
is happening so i think for me
2020 is going to be a very interesting
year but guys love each and every single
one of you i am in hawaii it's amazing
you can't see the view here it's on the
other side here look at this
[Music]
just what i don't believe it i don't
believe it
[Music]
[Music]
you
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