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The reason this is amazing is simply because once you create the video, it'll then exist indefinitely constantly being your slave and working for you while you are sleeping.
Here are some Useful blog articles regarding the passive income that comes with a YouTube channel and blogging:
Everyone has a skill that someone else would cover. For instance, there were around 100,000 people who wanted to learn how to jump higher from a man named Jacob Hiller. They wanted to learn so awful that they were willing to give him $67 just so they can get an eBook that had the super secret exercises which allowed Jacob to increase his vertical leap. .
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Does Grant Cardone (best-selling author and multimillionaire) always places his money in multi family home real estate
When every single industry out there's constantly changing, property is the one thing that has been around the longest. It is one of the best methods to hold your money due to the simple fact it can provide 10% returns every single year without any work making it one of the top sources of passive income. .
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For example, say you made $1 million. You didnt blow it dumb stuff like bottle service each weekend, fancy cars or that nice watch you always wanted. Instead, you saved it up and put it in a multi family property real estate investment.
Even if that investment only returned 10% of the money you invested, that will be enough to cover you around $100,000 a year for the rest of your life. .
By investing in index funds, the know nothing investor can outperform most investment professionals Warren Buffet.
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Youre probably wondering what are index funds. Index Funds are type of mutual fund that steps the S&P 500 (essentially the best 500 stocks in America) and usually if you bet on index funds and in the S&P 500, what youre really betting on is that the fact that America will constantly rise. .
Index funds are excellent because over a long time period (15-20 years), they can return to 7-10% in your investment. Meaning, if you put Source in $1 million, you get $70,000-$100,000 a year. This is perfect for people who arent as familiar with real estate since this method is about setting this up with your bank and forgetting it allowing it to grow and build punctually. .
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What you do is every single month, without even looking at your paycheck, you automatically set it up and it brings money from the paycheck. It then invests it for you so you never have to realize your money. And if you dont find that money in your bank account, you wont be tempted to spend it. .
The company I use to do my index fund investing is betterment.com. Make sure you check them out in the event you want to learn more about index funds.
Now the greatest goal with whatever you have going on is to create a business to help with this specific cashflow, and also to use that extra cashflow you dont need in additional passive resources like the ones mentioned above.
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Lacey Filipich has worked hard to earn a more relaxed lifestyle. So far he's making about $5000 a year selling the books for $27 a pop on his website yourlawnandgarden.com, and he is confident he can make more. "That's very much a passive income and I will begin to work on this by being more aggressive with all the marketing online," he says.Google the words:"passive income" and you will turn a bevy of posts along the lines of"43 Homepage ways to create a passive income".
He spent several years delving into the passive income scene and arose something of an agnostic. He believes in its own existence and that there are opportunities to earn money in a"smarter" way, but he is not sure he knows the perfect way to find it.The 31-year-old began his hunt for the holy grail when he was working in a well-paid project that involved shift work.Gerry Faehrmann earns money from e-books about running a lawn-mowing business.Credit:Dominic Lorrimer"I had been in a career path that I wasn't finding overly satisfying," he states,"so I started looking into methods where I could have more freedom in my entire life and earn enough money to support my loved ones and do the things I wanted to do in my life. "Diversity of income was important, too, so he began reading books from the likes of Gary Vaynerchuk (writer of Crush It! Why now is the time to cash in on your passion), Tim Ferriss (author of The 4-Hour Work Week) and Pat Flynn's Smart Passive Income blog.With a large family to support, Gerry Faehrmann is excited to increase his income by passive means.Credit:James BrickwoodThere's a lot of people who are saying: purchase my path; utilize this program and you can create passive income.