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Monday, March 2, 2020

Passive Income: 5 Ways To Make $10,000+ Per Month (REAL PROOF #Best Education Page #Online Earning)

Passive Income: 5 Ways To Make $10,000+ Per Month (REAL PROOF)

hey this is Ryan hildreth and in this
video I'm going to show you exactly how
to make over $10,000 per month in
passive income and I'm also gonna dive
into my computer and show you the exact
strategies that I used to build passive
income streams and also where I learned
how to build these passive income
streams alright so we're here on my
computer and before we dive in to the
actual strategies I wanted to find what
passive income is because there's a lot
of misconception on what it is
now passive income is making money while
you sleep but the misconception is that
money just comes out of thin air and you
just make money from nowhere it does
require upfront work okay so once you
build the system to generate passive
income then you can start making money
while you sleep because as Warren
Buffett said billionaire he said if you
don't learn how to make money in your
sleep you'll work until the day you die
and that really resonated with me
because I want enough passive income to
be able to cover my monthly expenses and
I want to show you exactly how to do
that now the first passive income stream
is going to require capital okay so I'm
gonna show you a few income streams that
do require capital but the last three
requires zero capital so if you have
zero money to start off with then I'm
gonna show you how to generate passive
income without having any money to start
off with but I want to show you the
first few that do require capital
because once you start making money
you're going to want to you know invest
in these types of deals and no actually
have competence and know what you're
doing so the very first passive income
stream that I have is real estate okay
now real estate does probably require
the largest upfront capital okay so
we're gonna do a real estate deal right
here I'm going to show you kind of you
know a little overview of how I pick out
real estate and how I find cash flowing
properties okay and I do recommend this
book right here this is a millionaire
real estate investor by Gary Keller
you know from Keller Williams Realty
this is a great book that
of outlined that gave me an outline of
what a real estate investor does and
this really helped me get started into
real estate investing so I'm gonna show
you exactly what I do what I've
personally done to make passive income
in real estate okay now this isn't my
you know area of expertise this is not
what I focus on on a day-to-day basis
but I have made tens of thousands of
dollars in real estate so I'm just gonna
share my experience now here we are on
Zillow calm if you haven't downloaded
Zillow onto your phone or you know even
checked it out on your computer and go
check it out so what I like to do is
find income-producing properties so a
property that I could purchase right put
20% down get a mortgage and then
actually cashflow so my mortgage is less
than the monthly rent that I'm
collecting okay so I'm going to show you
kind of an area right here this is
Tucson Arizona now a Tucson is a great
place to get started in because the
average home prices are about you know
anywhere a little bit under the median
the average home price in America right
the average home price in America is
225,000 but if you're trying to do real
estate in California right you I mean
you're gonna have a million-dollar
property and you're not gonna cash flow
on it so I like to you know start off in
places with homes that are not expensive
all right so Tucson great area what I
like to do is I go you know type in
Tucson Arizona into the search bar and
I'll go to for rent I want to see what
homes are renting for okay so as you can
see it pulls up all these homes that are
for rent being they're being rented out
by someone okay now here is a home right
here it's being rented out for $1,375
now I'm gonna go click on this home this
is just an average one-story home 3-bed
2bath 1,300 square feet I'm gonna just
check it out so as you can see we're
gonna go down this home I want to see
what the actual price of this home is
like if I can acquire a home just like
this how much is it gonna cost me how
big of a mortgage
am I gonna have to take out as we see
this home sold in 2016 for a hundred and
twenty six thousand five hundred now
let's just imagine that you know this
house went up in value it's 2019 now
let's just imagine this house is a
hundred and fifty thousand now okay
that's probably a pretty realistic maybe
even an overshot of what this house is
actually worth but I'm gonna say that
you know just to say safe if we buy a
house like this it's gonna be a hundred
and fifty thousand meaning we're gonna
have to put 20% down which is thirty
thousand dollars so what I like to do is
I'm gonna go over to a mortgage
calculator on Google okay mortgage
calculator I'm gonna borrow one hundred
and twenty because you know thirty
thousand plus 120 is one hundred and
fifty right thirty thousand I have to
put down with my own cash a hundred and
twenty I'll borrow from the bank at a
three point nine to two percent interest
rate which is you know pretty average
right now and a thirty-year mortgage
okay so my monthly payment on the house
is going to be five hundred sixty seven
dollars now factoring in home insurance
property taxes and you know maybe some
yard work stuff like that you know my
monthly payment might be somewhere
around eight hundred dollars okay so if
my mortgage plus everything else is
eight hundred dollars and then I'm
renting out the house for thirteen
hundred right that's a $575 monthly
profit cash flow so this house is paying
me to own it right I am getting paid
cash every single month and the tenants
are paying down my mortgage okay so I'm
building equity in the home the home
price is rising in appreciation and I'm
getting paid a monthly cash flow of $575
so this is you know just a typical way
of finding properties that suit your
need okay so like I'm not saying this is
the exact way to do it but this is kind
of what I did right I found a real
estate agent a reputable agent that knew
the area and you know
there looked for the houses for me okay
so that's this is kind of how I do it
alright so that is real estate again
check out the book the millionaire real
estate investor they talk about the
exact strategy the formula how to find
properties you know all of that in this
book okay acquire competence in the
market so that you feel comfortable
actually putting your own money and you
know investing and having a business
like this run for you okay so real
estate is a great way for passive income
you know if you have ten properties all
paid cash and there you know generating
2,000 a month for you right that's
$20,000 a month you can probably retire
pretty comfortably off that okay so the
next passive income source requires
capital but you don't need thirty
thousand dollars to get started with you
can actually get started with you know
five dollars ten dollars whatever it may
be a very small amount and that's stocks
okay dividend paying stocks now there's
tons of stocks out there like Amazon
right Shopify and all these tech stocks
that don't pay dividends all right that
is not that that is not passive income a
rise in appreciation of the stock is not
passive income you want something paying
you every single month so there are
stocks out there and I recommend a
couple books on this one okay one up on
Wall Street is a great book Peter Lynch
this book taught me about value based
investing so finding good companies to
invest in but then I combined that one
with a very boring book called the
strategic dividend Investor by Daniel
Paris okay now this one teaches you how
to find dividend stocks that will pay
you on a quarterly basis that will pay
you these businesses will pay you cash
okay to own their stock now he talks
about a rule in here called the five by
five methods so to find companies out
there that raise their dividends by five
percent every year and then also have a
five percent dividend yield okay meaning
they're gonna pay you five
on your money for owning the stock all
right so there's great companies out
there that will pay you to own their
stock as a you know appreciation now a
couple of them and I'll just show you
and I own all these stocks too and I'll
just show you kind of like what I look
for
so AT&T right sell my cellular company
and most of the stocks that I own I
actually use the product alright so
eighty five point eight percent dividend
so you're gonna make let's just say you
you purchased ATT today for thirty five
bucks and it stayed at thirty five
dollars for the rest of the year you are
going to make five point eight percent
return on your money no matter what
because they're gonna pay you a divot a
cash dividend all right
now you can also make money on stock
appreciation but that's not passive
income passive income is making money
while you sleep and I do get checks you
know four times a year sometimes four
different stocks maybe five six times a
year depending on the stock I get checks
from these companies in my sleep that is
passive income all right so AT&T is one
you can also search up other stocks like
CVX which is Chevron right they have a
four percent dividend which is not that
five percent mark but it's a very high
dividend in today's you know today's
market all right and there's tons of
other type of you know strategies to
find the right stock okay I'm not gonna
go too deep into it but another thing I
like to look at is p/e ratio which is
the price to earnings so that's the
multiple you're actually paying for the
company the average market p/e ratio is
eighteen so anything with any stock with
a p/e ratio below eighteen is you know
technically more you know it's not as
overpriced all right now I'm not gonna
get into technicals you can find that
out in the books that I recommended
again one up on Wall Street and the
strategic dividend investor these are
just books that help me out to pick the
right stocks for my investments all
right so that's another one passive
income you can make you know I'm
probably making a thousand a couple
thousand a year in passive income so you
know it's nothing substantial but over
time it builds up
okay and so real estate stocks and now
I'm gonna get into the non-capital
passive income businesses that you can
start all right so the first one is
online courses now this is something
that I've made hundreds of thousands of
dollars doing and it's a very easy to
startup business that could generate
passive income meaning people are
purchasing from you while you sleep now
the book that I read to help me launch
my first digital course was launched by
Jeff Walker now he goes over the
strategies and you know kind of the
formula to be able to launch your own
course and there you're probably
thinking yourself Ryan I don't have any
expertise I don't know what to teach
there's plenty of things you can teach
you can figure it out there's some sort
of skill that you have you don't have to
be the best person in the world at it
you just have to have some sort of
competence to where you've gotten
results and you want to show other
people how to get results doing what you
do okay now there's a site called udemy
this is a very easy site where you can
upload in a course you can record a
course and upload it and people are
searching for courses on website design
right this course sells for ten bucks
this person right here sold a hundred
courses now that's an easy thousand
dollars that this person made for a
six-hour course they filmed theirs
themselves for six hours teaching
website design and they made over a
thousand dollars so this is a passive
income source that you can get started
with very very easy probably one of my
favorite passive income sources because
I love teaching people I love making
videos like this right and I love making
courses so that is a passive income
source that you can start with zero
capital now the next one okay is YouTube
now YouTube you might be uncomfortable
in front of the camera everyone starts
off like that when I first filmed a
YouTube video very uncomfortable I
didn't know what I was doing but it took
you know multiple times of recording
myself and uploading to be able to have
a channel
and commit full-time with it now as you
can see from this video alone I this
video three months ago June 1st as you
can see and I've generated about seven
hundred twenty nine dollars almost a
thousand dollars from one video okay I
have over 400 videos on my channel so
you can do the math there you know and
this is something that is completely
passive I'm making you know money every
single day from my YouTube videos now
how do you get started with YouTube okay
pick a subject that you're interested in
whether it's marketing or whether it's
you know playing basketball or what it
could be any subject
there's review toy review channels out
there there's like a nine-year-old that
makes toy reviews that makes millions of
dollars from his YouTube channel so you
can literally make a video on anything
but how do you rank your video and get
it to start making some money well what
I would do is I would download a keyword
tool called it's just called keyword
tool search that on Google Keyword tool
Chrome extension and as you can see when
I search Facebook Ads there's 200 1000
people searching Facebook ads every
single month so what did i do I made a
video about Facebook ads and I ranked it
you know it's the second video right
here okay so that is how I'm making you
know this type of money from one video
because I ranked it very high Google is
a search platform YouTube is a search
platform so make videos that are
searchable okay how to ride a bike how
to play basketball
simple videos just like that and you
know eventually after being consistent
your income could increase here on
YouTube alright so and if you don't know
how YouTube pays you out well they have
what's called Google Adsense and you
know those ads that pop up on every
video before the video and you want to
skip the ad every time that that ad
comes up the Creator is getting a small
portion of that revenue okay so that is
the fourth income source now the last
income source is by far my favorite I've
made the most money with it and it's
very very very
once you scale it now this right here is
one out of many affiliate programs that
I have joined okay now an affiliate
program is where you promote someone
else's product okay
so whether it be a website builder or
whether it be a book right you can get
started with affiliate marketing on
Amazon Amazon has an affiliate program
where they pay out seven seven to ten
percent if someone purchase purchases
anything through your affiliate link you
will get a commission now as you can see
right here lifetime earnings on this
account I've made you know over twenty
six thousand dollars and in the last 30
days I made about three thousand four
hundred dollars from affiliate marketing
okay now the book I would recommend for
this is expert secrets but I actually
have down below the first link in the
description a funnel okay a website
basically where I allow you to plug into
my business and start generating
commissions just like this okay so if
you click that first link in the
description you're going to get access
to my complete system alright so this is
my last but favorite source
I started this about you know not this
particular one but I started affiliate
marketing about two years ago two and a
half years ago and it's something that
I've consistently done and made passive
income with so again if you want to make
passive income you have to start now
again the link is the first link in the
description I will link a video right
here that you can watch on how to earn
about five hundred dollars a day with
this strategy as well okay so go ahead
click on this video right here to watch
the next one like this video subscribe
and I will see you on the next one
take care

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