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The reason why this is amazing is simply because once you produce the video, it will then exist indefinitely constantly being your slave and working for you while you are sleeping.
Here are some helpful 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 provide him 67 just so that they can get an eBook that had the super secret exercises that enabled Jacob to increase his vertical jump. .
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Does Grant Cardone (best-selling writer and multimillionaire) always places his money in multi family home real estate
When every single industry out there is constantly changing, real estate is the one thing that has been around the longest. It's one of the greatest ways to hold your money because of the simple fact that it can provide 10% returns every single year without any work making it one of the best sources of passive income. .
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By way of example, say you created $1 million. You didnt blow it dumb things like bottle service each weekend, fancy cars or nice watch you always wanted. Instead, you stored it up and put it in a multi family property real estate investment.
Even if that investment only returned 10% of the money that you invested, that would be enough to cover you around $100,000 annually for the remainder 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 exactly what are index funds. Index Funds are type of mutual fund which measures the S&P 500 (essentially the top 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 simple fact that America will constantly rise. .
Index funds are great because over a long period of time (15-20 years), they can return to 7-10% in your investment. Meaning, if you put in $1 million, you get $70,000-$100,000 annually. This is ideal for those that 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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Everything you do is each single month, without even looking at your paycheck, you automatically set up it and it brings money from the paycheck. It then invests it for you so you never have to see your money. And if reference you dont find that money in your bank account, you wont hesitate to spend it. .
The company I use to do my index fund investing is betterment.com. Make sure you check them out if you want to learn more about index funds.
Now the greatest goal with whatever you have going on is to first create a business to help with that cashflow, and to use that excess cashflow you dont need in other passive sources such as the ones mentioned previously.
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Lacey Filipich has worked hard to earn a more relaxed lifestyle. So far he's making about $5000 annually selling the books for $27 a pop on his site yourlawnandgarden.com, Website and he's confident he can make more. "That's very much a passive income and I'll begin to work on that by being more competitive with all the marketing online," he says.Google the words:"passive income" and you'll turn up a bevy of articles along the lines of"43 approaches to make a passive income".
He spent a long time delving into the passive income scene and arose something of an agnostic. He believes in its existence and that there are opportunities to earn money in a"smarter" way, but he is not convinced he knows the best way to find it.The 31-year-old began his hunt for the holy grail when he had been 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 too satisfying," he says,"so I started looking into techniques where I could have more freedom in my entire life and earn enough money to support my family and do the things that I wanted to do in my life. "Diversity of income has been important, too, so that he began reading books by the likes of Gary Vaynerchuk (author of Crush It! Why now is the time to cash in on your passion), Tim Ferriss (writer of The 4-Hour Work Qualifications ) and Pat Flynn's Smart Passive Income blog.With a large family to support, Gerry Faehrmann is eager to increase his income by passive means.Credit:James BrickwoodThere's a great deal of people that are saying: purchase my course; utilize this program and you can make passive income.