I think we can all agree that making money feels great which is probably why
pay day is the best day of the week unfortunately though making this money
comes with a cost in order to receive this paycheck on a routine basis we have
to exchange our time for money but what if there was a way where you could have
both money and your time well passive income allows you to get as
close as possible to that dream therefore in this video I will share
with you five legit ways to make positive income so you can make money
while you sleep and if you're new to the channel then hit the subscribe button
below for more life-changing content now before we get started let me make
something very clear earning passive income doesn't come without some work
generated when you perform work upfront and then let the assets you build pay
you overtime if you ask me this method of making money is much better than
earning money through active income which the majority of people do by
working 9 to 5 jobs so whether you want to earn money while you sleep or build
up enough passive income to allow you to quit your job here are 5 legit ways you
can do just that method number 1 investing in dividend
stocks the first and probably one of the easiest ways to develop a stream of
passive income is to start investing in dividend yielding stocks if you're
unfamiliar with what a dividend is let me explain a dividend is a distribution
of a company's profits and when you own a stock in a company directly or through
a fund you may receive dividends now dividends are not always distributed to
shareholders whether or not a dividend is declared is up to the company's board
of directors and these dividends can be issued in the form of cash payments
shares of stock or other property essentially it's a reward paid to
shareholders for having invested their money into the business now whereas many
positive income methods require time in order to set up an asset that will
generate income over time investing in dividend yielding stocks requires
capital instead however once you have the money you need to start investing
the rewards of your efforts will be worthwhile but illustrate just how
lucrative dividend investing can be when done proper
meet Jeff Jeff Lee most people works a nine-to-five job however over time he
has come to realize that his salary isn't quite enough to allow him to live
the lifestyle he knows he deserves as such he wants to develop a new stream of
income but between his long work hours and family commitments Jeff doesn't have
much time to spare Jeff is advised by his friends to look
into dividend investing to supplement his income so Jeff takes ten thousand
dollars of his savings and invested into a five percent dividend yielding index
fund which grants him a hundred shares after his first year Jeff receives a
five hundred dollar dividend check which well not life changing is pretty good
for not having to do any work fast-forward 20 years
Jeff's holdings are now worth $40,000 and are still providing a 5 percent
dividend which means that without living a finger Jeff is earning $2,000 a year
Jeff figures this is some of the easiest money he has ever made as all it took
was opening up a brokerage account and depositing his initial ten thousand
dollars and as you have already realized your cash flow from this passive income
method only increases as your dollar value of holdings rise either through
appreciation or recurring investment therefore if you have money sitting
around why not start to invest it in dividend yielding funds and before long
you will be cashing in some of the easiest money of your life method number
two real estate investing real estate investing is another popular source of
passive income again this method of making passive income does take some up
from capital but it is certainly one of the most reliable methods of making
money while you sleep in fact this is probably one of my favorite pasta Bank
of methods for a few reasons first relying upon a tangible asset to
make you money is more reliable than many of the other new forms of passive
income like running an e-commerce store the reality is that unless there is a
natural disaster your asset will be safe and can offer you a consistent stream of
income unfortunately relying upon websites or apps to make you passive
income means you're susceptible to hackers and intellectual property theft
which can suspend or devalue your income generating asset second people always
need a place to live food clothing and shelter being the three core human needs
means that you are offering an essential component of life
which ultimately ensures that the asset you have invested into will make you
money in the long term adding to the last point given that
hosting is such an important part of our day-to-day lives if you start to grow
tired of being a landlord there is always someone who will be looking to
buy your property finally with the new ways to leverage your property to make
money the options are nearly endless and its possibilities for instance maybe you
want to maximize the revenue you earn from your property if this is the case
then you can put your unit on Airbnb and rent it by the night as of 2019 the
average Airbnb host makes nine hundred and twenty-four dollars a month and by
hiring an accommodation assistant you can make this money making method
totally hands-off alternatively if consistency is what you value in your
passive income investment strategy then finding a long-term tenant may suit you
better long-term tenants won't just provide you with the steady rental
income you desire but they are often much better at keeping your property in
good condition which lowers you repair costs and will preserve the home's value
in case you decide to sell now what if you don't have the tens of thousands of
dollars it takes to buy a rental property do you have to give up the
dream of making passive income through real estate completely not a chance
lucky for you there are investment vehicles called REITs or real estate
investment vehicles that allow you to earn income as a part owner in a
commercial or residential property if you're unfamiliar with wreathes you can
think of them as a mutual fund for real estate investing and like a fund the way
you own it is through buying stocks you see when you own stock in a read you are
in a share of the profit produced by the real estate investment it's a way to
invest in real estate without the hassle of being an owner and every time profits
are shared you will receive your portion of the cash distributed and the best
part was that there is no property maintenance no dealing with tenants and
know chasing rent payments required the best part is that if you want to start
making passive income but don't have a large amount of capital set aside you
can start your investing journey with just five hundred dollars through
companies like fund rise method number three niche websites building a niche
website from scratch has become a proven waiter and passive income and what this
method has over others is this low financial barrier to entry in other
words you don't need to have tons of money
start making pasta become in this way in fact well being cost effective
especially in the beginning this form of passive income can be one of the more
lucrative ways of making money while you sleep now I know this may sound too good
to be true especially with the millions of websites that exist on the Internet
but that's where a niche website shines however before I get into the many ways
this type of site can make you money what is a niche site to begin with a
niche site is described as a blog that may appeal to geographic areas a
specialty industry ethnic or age groups or any other particular group of people
so what does that mean basically it means that a niche site is a blog that
you create with a specific topic and purpose that is meant to appeal to a
certain group of people these people are usually connected by something they have
in common whether it be their location their age their interests or any
combination of those other factors examples include a website about cars
map books or even how to preserve your briefcase for seniors now besides taking
a little upfront capital to start this Pacifica method shines because it will
literally generate its own traffic through organic leads so instead of
pushing products or services on readers these kinds of blogs have the goal of
brand awareness they develop a common question or topic and highlight products
and services that appeal to their readership and the job of a niche blog
writer aka you or someone you hire is to produce content that is helpful to their
target audience this means providing information
resources and recommendations for their niche topic then using advertisements or
affiliate links niche blogs are in revenue from vendors in their areas of
focus the best part is that once you start receiving consistent traffic to
your site you can then scale up your monetization abilities by selling
courses coaching or by promoting products through affiliate links that
your readers will benefit from it's for this reason that if you have some
computer savvy and time starting a niche website is one of the most recommended
ways to make money while you sleep method number four renting out your car
when you think of your car you probably think of how much it's costing you in
repairs and gas every year rather than how much money it can make you of which
some can be possible with the rise in ride-sharing economy has come multiple
ways to make money with your vehicle driving for uber or delivering for post
mates are certainly ways to make some ex your cash but this isn't a video about
trading your time for money so with that being said what are some ways you can
make passive income with your car the first is by lending out your car with
Toro Toro is basically Airbnb for cars where individuals can rent their cars
out short-term to other individuals so if you don't need your car for a weekend
why not rent it out and make up a little bit of extra money alternatively you can
leverage other people's desire to earn more money by brokering deals with
aspiring uber drivers if you provide the car and someone you know is willing to
drive you can split the fair revenue as you see fit which will allow you to make
money while your partner sits in traffic and listens to the passengers complain
about their workday method number five lending money whether it's money to
start a business or to cover monthly bills the reality is that there are
numerous people who need cash and lending money to set people is an easy
way to make passive income commonly referred to as peer-to-peer lending this
passive income method involves lending money to individuals and businesses
through an online platform that matches borrowers with lenders now you probably
have three questions in mind how does this work how much can I make and is it
safe and that's exactly what I was thinking when I first looked into
peer-to-peer lending this type of lending is typically facilitated by a
lending platform and this platform evaluates a risk investors face when
they provide financing to individuals and businesses through their marketplace
in essence you can see how the platform assesses the likelihood that you will be
repaid and the higher risks that a borrower may default them paying back
their loan the higher the interest rate they pay now returns can vary but if you
decide to lend money on popular platforms like lending loop or Lending
Club you can expect that the minimum returns of 5.9% and the good news is
that you don't need thousands of dollars to start lending contributions as little
as $25 can be invested which then get rolled up into the full amount of the
loan being granted finally is lending safe peer-to-peer lending is actually
safer than you might expect all the major platforms obtain key personal
information from borrowers and monitor their payment history but of course
there's always the risk that someone defaults on their loan select all of
their money making methods there is risk involved and there you have it five
legit ways to make passive income thanks for watching if you want to go
from the life you have to the life you deserve then hit the subscribe button
now
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