HOW TO EARN PASSIVE INCOME 💸 (Ways To Make $1,000 Or More Each Month!) #Best Education Page #Online Earning

 This right here is

the reason why most people never make passive income

in their entire lives.

It's because it starts off very very slow at first.

So I decided to start making passive income

by creating a YouTube channel back in October of 2016,

and this right here is exactly how much money I made

in the first three months of building this YouTube channel.

Now, I was spending anywhere from three to five hours a day

and I dedicated my entire weekends to building this channel,

so I was putting a lot of effort into this,

and this is how much money I was making in return.

So the first month, I made $2.57 for my efforts.

The second month, I made $7.16.

In the third month, I made $59.99.

Now, most people would look at something like this

and say that it will never work,

that's a stupid idea to be putting in dozens

of hours every single week

to be making $7 in a month

or even $60 in a month, it's just not worth it.

I saw 178% increase from month one to month two,

and a 737% increase from month two to month three.

And that right there is what told me

that it was possible to earn passive income.

Now, yesterday I did a video talking about how

I quit my $70,000 a year job in order

to follow a different business model

that allowed me to earn passive income,

and that video is absolutely blowing up,

so thank you guys so much for watching that

and sharing that video as well.

It looks like we're gonna do about 15,000 views

in the first 24 hours,

and that's actually a first for this channel.

That's the most views I've ever gotten in

that short of a period of time,

and I had a lot of questions from you guys.

One of them was how do you make passive income?

That's gonna be this video today.

And the other one was, how do I make passive income?

So what I'm gonna do for you guys is if this video gets 1000

likes in the first 24 hours,

I'll do a video tomorrow on how I earned passive income,

exactly what I'm doing to make the money I am making,

and what my different revenue streams are.

So if you guys want to see that video,

make sure you hit that like button.

If we do 1000 likes in 24 hours,

I will post that video tomorrow.

But the first thing I

want to do is just briefly talk about the difference

between passive income and active income,

for those of you that are not familiar.

I refer to passive income as patient income

or you're being paid for your past effort.

And what that means is you put in a lot of work today

but you're gonna make money potentially for the rest

of your life as a result.

But you have to be patient when it comes

to earning passive income,

because you're not going to see those results today.

Look at me for example.

I made $2 in my first month

of doing something every single day,

putting videos out there,

replying to comments,

building a following online,

and some people are gonna do this

and make absolutely zero dollars

because they won't have the ability to run ads

or do anything like that.

So you really have to make sure

that when you're deciding to make passive income,

it has to start with another PA, and that is your passion.

You have to be passionate about what it is you're doing,

otherwise you are not gonna be

able to do it long enough in order

to make any real money with it.

Sure, there's always the opportunity

to grab the low hanging fruit,

maybe it was cryptocurrencies,

maybe a couple months ago it was fidget spinners,

or whatever the big hot trend is,

but if you're not passionate about these things,

you're not gonna wanna do it for very long

and that's gonna be a very short-lived trend

as far as the interest surrounding things like that.

If it's gonna be hot for a short period of time,

maybe you want to jump in and make fast money,

but I'm always leaning more towards a more patient

and slower business model

that's going to be viable for a much longer amount of time.

Now, I refer to active income

as impatient income or now income.

I want my money right now.

And if you want that, it's very easy.

You could probably leave your house

and go down the street

and find any store or find a McDonald's

or a fast food place,

go in there, and you

could be earning active income by next week.

But the problem with active income

is that you only make money when you're working,

and you have to be working for somebody else,

and you have to be active in order to earn that income.

And so maybe you work eight hours a day,

and you make money for those eight hours,

but the other 16 hours a day,

you're making absolutely zero dollars,

and you don't make any money on your weekends and days off,

because you only make money when

you are actively working for that money.

So the people that are truly successful when it comes

to making passive income are those

that can be patient enough to ride out the early months

or maybe even the early year

when you're not making much money at all,

because you see the big picture.

And what I wanna do right now

is show you guys the big picture

and what a little bit

of passive income can really do for you down the road.

So this right here is what gets me excited about the idea

of earning passive income

and what we are looking at here is if you earn this

amount from age 18 to age 65, so let's say

you are a young person and I'm assuming

that most people watching this video are

going to be either teenagers or people in their early 20s.

This is what passive income could do for you for the rest

of your life and we're gonna start out very small.

We're gonna start out with $.10 a day.

So if you earn $.10 a day

of passive income from age 18

to age 65, you would earn $1715 over that span of time.

Now, that's not a lot of money,

but it gets more exciting as we increase the amount

of passive income that you're earning each day.

If you earn just $1 a day of passive income,

over the span of time, now we're talking about $17,150.

$10 a day, now we're talking about $171,500,

and if you get to the point

where you're making $100 a day of passive income,

we're talking about over $1.7 million

over that span of time.

I don't know about you guys,

but if I could put in a little bit

of effort in my teens or in my 20s

that would allow me to earn $1.7 million for the rest

of my life, I would certainly be a little bit more patient

and I would definitely be excited about that.

And the thing that people don't realize

is that this is not unrealistic

to think about making $100 a day of passive income.

It took me about six months

to build up a passive income stream that paid me $100 a day,

but I worked every single day for three

to four hours in order to do that.

So it required a lot of upfront investment of my time

but of course now it is well worth it

because I'm now making in some cases almost $1000 a day,

depending on what I'm making from each of my income streams.

So it's well worth it to invest

your time into making passive income,

and I'm hoping that now that you see numbers

like $1.7 million, you're a little bit more excited

and hopefully a little more patient about the amount

of time it's going to take to get there.

So let's use an example here.

Let's say it took you six months

to build a passive income stream

that earns you $10 a day.

Is that worth $171,500 to you?

Six months of your time, is that worth over $170,000?

Or let's take it a step further.

Let's say it took you two years

to build a passive income stream that pays you $100 a day.

Is that two years of effort worth over $1.7 million?

I'll tell you what guys,

I don't care what I have

to do for two years as long as it

is not something against what I believe in,

I'll do pretty much anything

to earn $1.7 million in two years.

That is life-changing income right there.

So when you start thinking about passive income

in terms of what this could do

for you over your entire life,

you'll start to have a different perspective

and maybe you're gonna be a little bit more open

to putting in that work initially.

But now that you understand the true potential

that passive income has,

I wanna go through a couple of different models

that will allow you to earn passive income.

So the first way you can earn passive income

and personally my favorite way

to do it is through investments,

and there is all kinds

of different things you can invest in out there.

You can invest in the stock market,

which is what I do, you can invest in stocks

that pay you dividends,

you can invest in real estate,

you can invest in peer-to-peer lending,

or maybe you want to be a little more risky

and invest in something new

like cryptocurrencies or you

like the idea of holding onto precious metals and gold,

or maybe you just want to go out there

and buy antiques or classic video games,

because you believe they're going to go up in value.

The idea behind this is

that you're going to be investing in something

that is going to appreciate in value over time

or you're going to be buying something

that's going to pay you whether it be in dividends

or rent checks, and I'm talking about a piece of real estate

or investing in a dividend stock.

So if you buy a piece of real estate,

if you buy multifamily real estate

and you rent it out to people,

you can collect those rent checks,

generate the positive cash flow,

build free equity in that house while collecting money

in your pocket every single month.

Now, I will say this.

It's going to be a lot harder

to get into real estate than it

is to get into the stock market.

It's a lot easier to open up a brokerage account

and buy a few shares of Procter & Gamble or AT&T than it

is to go out there and buy a piece

of multifamily real estate,

and the one downside to investing

is that it takes money to make money.

So I see investing as actually something you should do

once you're earning passive income.

So once you figure out how to earn passive income,

that is when you take that passive income,

put it into another passive income model

and then your passive income is earning you passive income.

It's really an unbelievable system here,

but that's exactly what I do.

I earn passive income from my YouTube channel,

and I funnel as much of

that money as possible into my investing accounts.

That way I can earn interest

and I can earn dividends and get a return on my investment.

So if you invest in the stock market,

historically speaking,

you'll get about an eight to 10% return on your investment.

If you buy into dividend stocks,

those are gonna usually be around

a three to 5% dividend yield.

Real estate does have typically a higher return,

somewhere around 15 to 20% if you're buying real estate

and you're renting it out,

and maybe you're interested in doing something

like peer-to-peer lending,

and that can be anywhere from a 6%

to 25% return depending on the risk of the loan,

and the creditworthiness of that borrower.

But no matter what, here the idea behind

this is very simple.

You're going to put your money to work for you,

and you're going to allow your money to earn interest

or earn you dividends or allow you to collect rent checks

by having you own a piece of real estate

and providing housing to people out there.

So how much money could you expect

to earn by passively investing

and earning a return on your money?

Well, if you invested just $1000

and earned an 8% return from age 18 to 65,

and I know a lot of people are gonna say,

who has $1000 at 18 years old?

But I know for sure that I got a graduation gift

from my family and the combined amount was about $1000.

So maybe I decided that I wanted to put

that money into an investment account instead

of spending it on something else.

So it is possible to have $1000 at 18 years old,

and if you did that, that $1000 investment

would turn into $37,000.

Now, what gets even more exciting

is looking at numbers like this.

If you invested just $10 every single month,

we're talking about the price of typically a lunch.

When you go out to lunch, it's gonna be 10 bucks.

If you invested $10 a month over that span of time,

we're talking about $54,000.

But now let's say you're looking to put away $100 a month,

so let's say you learned how to make $100 a day

in passive income doing something else,

and you put just one day's worth

of income into your investment account every single month.

Well, from 18 to 65, you would

have $540,000 by the time you go to take that money out.

Now, a lot of people are going to argue with me here

and say what about investment related taxes and inflation?

And if you want to calculate these numbers yourself,

then take about 2% out for inflation,

and figure you're gonna have long-term capital gains,

but there are investment accounts out there

like a Roth IRA where you can invest

and not have to worry about

the tax implications or the long-term capital gains,

because it is a retirement account.

So there are ways around the taxes.

And then finally, let's say you were

going to invest $500 every single month from age 18

to age 65 earning an 8% return,

well, you would have $2.7 million by the time

you are 65 years old.

That is what passive income through investing can do.

The second way to earn passive income

is to build a following or build an audience.

Now, how can you do this?

There are so many different ways you could do this.

You could start a podcast.

You could start a forum.

You could start a Facebook group.

You could start a YouTube channel.

You could start an Instagram motivation page.

You could start a Facebook page for Facebook videos.

There are so many different ways you can build an audience

online or better yet,

maybe you are doing a little bit of everything

and you have a presence on multiple different platforms.

So many people get caught up with this idea here

of what they want to do as far as building an audience

online, and the best piece

of advice I can give you is start with what

you are passionate about,

because if it's not something

you are really interested in on a natural level,

you're not gonna wanna do it for a very long time,

so figure out what you are truly passionate about,

and figure out how to help other people who are looking

to learn about that, or learn about

how to become the way that you are.

I think the best thing for people

to get involved with right now,

especially young people,

is something involved with the Internet

and building a following and being an influencer online.

And maybe you don't want to be in front of the camera,

well, maybe you're gonna do a podcast instead.

Or maybe you don't want

to be involved in it at all with your voice or your face,

and so you write a blog instead.

There are so many different things you can do out there

in order to build a following online.

Maybe you're going to do motivational pictures on Instagram.

Or maybe you're going to be a curator of content

and you're gonna find content

that other people have made

that you're going to share with your audience.

That's not really the point of this.

What I want to talk about is how

you actually make passive income

once you've built an audience online.

There are just so many different ways you can do it.

You could build an email list.

I could go on and on about this as far as building

that audience, but once you've built that audience,

how do you actually make money with it?

That is the question I'm gonna answer now.

So the idea behind this here is finding 1000 loyal fans,

and once you have 1000 loyal fans,

you are set as far as passive income goes,

because you can make a lot

of money by just having 1000 loyal fans

and being able to help these people in a massive way.

So first of all, let's say you

have a $5 Patreon site.

People are contributing $5 a month to you because they

like what you're doing,

they like what you're putting out there in the world.

Well, now all the sudden,

your 1000 loyal fans are paying you $5000 per month.

Then let's say you also have a shirt that you make

and you make $15 on that shirt.

You sell it for 20, and it cost you $5 to make it.

Well, now you've made $15,000 off your 1000 loyal fans.

But you also have a book that you wrote and it's a $20 book.

And those 1000 people have bought that book,

well, now you've made $20,000 off that book,

but then you decide that you

want to make a video course for these people

and put together a phenomenal course about what

you're teaching them.

Well, now that $97 course has made you $97,000.

But let's say for example now

that your loyal fans did all of these things.

They bought your book,

they're backing you on Patreon,

they bought your course,

well now you've made $132 off those people plus

$5 a month on Patreon.

So now we're talking about $132,000 plus $5000 a month.

That's enough for most people to have a good living there.

That's a $60,000 a year job for most people.

But you're making it in a passive way.

Now, yes you are still going to

have to be doing what you enjoy here

and posting your content on whatever platform you are doing,

but if it's something you enjoy,

is it really work at the end of the day?

I mean, people might argue

that my YouTube channel is not passive income,

because if I stopped putting out videos like this,

I'm gonna stop getting people who

are supporting me through my other avenues,

but I love what I do here

and I would never want to stop this.

So it's really an argument there

of is something you're passionate about truly work

at the end of the day?

So the third way I have for earning passive income

is to get involved with vending,

whether it's vending of beverages,

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