In this video, the speaker discusses seven and a half ways to build passive income. They rate each method on a scale of one to three “magic lamps” based on the effort required to start, the time it takes to generate the first $500, and the effort required to maintain it. The speaker emphasizes that passive income is not about getting rich quickly but is more about achieving financial freedom and investing in one’s future. The methods covered include:
1. Internet Money: Creating and selling digital products online, such as courses, templates, apps, or websites.
2. My Personal Escape: Building a successful YouTube channel by creating niche and quality content, with a focus on standing out and achieving monetization through YouTube Partner program.
3. Kicking Back: Earning money through affiliate marketing, particularly for micro-influencers, by promoting products or services and receiving commissions.
4. One Click Passiveness: Investing in stocks, particularly index funds, for long-term growth, and explaining how diversification reduces risk.
5. Your Majesty: Generating royalties from products like ebooks or stock photography, with tips on standing out and marketing.
6. The Collector: Investing in real estate through crowdfunding platforms to diversify one’s investment portfolio.
7. The Giver: Earning interest through cryptocurrency staking, explaining how it works, and the associated risks.
7.5. The Helper: A bonus method involving lending out cryptocurrency to earn interest, highlighting the potential risks and rewards.
The speaker emphasizes the importance of research and due diligence for each method and provides insights into how to make these passive income streams work effectively. The transcript also includes mentions of a sponsor, Yubico, and its security products.
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I love your tutorials and money making methods, I am still learning a lot but I feel and believe your are the right people to help me make money…Keep up the good work & God Bless You..
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@Tina Ranieri A. Thanks for your kind response, i would love to connect with your financial consultant, I learned very late about the importance of a mentor…..
I will forever be indebted to you?? Ms Brianna Megan ????? You’ve changed my whole life, i will continue to preach about your name for the world to hear you ve saved me from a huge financial debt with just little investment thanks so much Ms Brianna.
@Pellegrino I invest with mrsBriannaMegan too, she chargea15%commission onprofit made after every tradingsession which is fair compare to the effort she put in to make hugeprofit…
We need to arrest the predatory lenders to protect our businesses and the people doing all the work.
I feel like things take time never give up on your dreams things don’t happen over night and never get distracted or discourage great advice thank you
Beautiful advice I feel the same way❤
Ideas mentioned in video:
1. Sell something online
2. YouTube account
3. Affiliate marketing / influencing
4. Index funds / dividend stocks
5. Royalties (e-books, photos, music)
6. Real-estate crowd funding
7. Crypto coin staking
7.5. Crypto coin lending
Thanks for saving my time. seems to be the same bs as I’ve seen on other videos. This passive income stuff seems like bs to get into for me 🙁
Thank you ChangVest_ for all the extra hours and effort you put on for getting my job done. I’m really happy and I appreciate every bit of your effort thanks
Honestly, We need more people like ChangVest_ If we had an army of people like you, we could stamp out these total loss in no time. I love that you re helping the victims, too it’s ultra gratifying when you are able to save people in real time like you do thanks for recovering mine…
These are fantastic takes, I feel exceptionally lucky I started investing in my early 30s and consistently compounded my income via assets to create more cash flow. I grew to a 7 figure well-diversified portfolio having exposure to different prolific lnvestments mainly savings account, stocks, ibonds and high yield dividend funds. Forever grateful to my adviser James Fletcher Brennan. Passive income is mandatory for building long term wealth.
I love this, i’ve been meaning to get into this especially now during this recession, i heard it’s best to invest during these times. How do i get to your advisor?
As for me i have personal stake in BRK-A, NVDA and ABBV. It’s nice to see other people on here making some money
I just looked up your advisor and sent a mail through his web, looking forward to working with him. thanks for the tip!
@Serene Whopperman you’re welcome miss! Goodluck !!
i need help lol
Thank you for keepin us financially Educated ! Regardless of how bad it gets on the economy , I still make over $ 13,000 every single week investing with the woman you recommended Ms Sandra Abiachez.
You are right ! Investment is really helpful because it set a good path for our children .
Even after retirement I have lots of investment with Sandra. I make $14,000 bi-weekly profit,l invested in coins and property.
*Ms ABIACHEZ*
Botz
When it comes to financial advice, I’m always willing to watch your videos. I appreciate you for all the time being spent to share this video, I came across Ramora Hudson ??
I’ve heard about Ramora Hudson from a colleague at work, how do I contact her.???
*SHE’S ALWAYS ACTIVE ON TELEGRAM’S APP WITH THE NAME BELOW*
*MRS RAMORA*
No doubt!! I decided to back up my assets and property with her when we met at a conference here in Florida. I no longer depend on this administration because we’re about to loose it all..
Dear I couldn’t believe the process until got $18,700 and that’s just in few days after I got started. Am taking my kids to a better school.
The Maket have been suffering over the past month, with all the three indexes recording losses in recent weeks. My $400,000 port.folio is down by approximately 20%, any recommendations to scale up my returns before retirement will be highly appreciated.
@Dendrick Paul Yes, I’ve been in constant touch with a Financial Analyst for approximately 8 months. You know, these days it’s really easy to buy into trending stocks, but the task is determining when to sell or keep. That’s where my manager comes in, to help me with entry and exit points in the industries I’m engaged in. Can’t say I regret it, I’m 40% up in profits just in 5months with my initial capital of $160k
@Gonzalez baker I actually subscribed for a few trading courses but it didn’t help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your adviser
@Ayu Hafiz Catherine Eleanor Klase, credit to her….
✍️✍️
I and my family will forever appreciate you. You’ve changed my life I’ll continue to preach about your name for the world to hear. You’ve saved me from a huge financial debt with just little investment! Ramora Hudson is the best ????
I’ve heard about Ramora Hudson from a colleague at work, how do I contact her.!
*SHE’S ALWAYS ACTIVE ON TELEGRAM’S APP WITH THE NAME BELOW*
*MRS RAMORA*
No doubt!! I decided to back up my assets and property with her when we met at a conference here in Florida. I no longer depend on this administration because we’re about to loose it all..
Dear I couldn’t believe the process until got $18,700 and that’s just in few days after I got started. Am taking my kids to a better school.
Most times it amazes me greatly the way I move from an average lifestyle to earning over $50,000 per month .. Owning a passive income has turned from a being a luxury to a necessity ?
can you please give me a pointer or two, im looking everywhere and thinking of everything i can to get that kind of money im running out of options
>Brianpearce
I’m so happy i made productive decisions about my finances. I’m a single mother, Bought my second house last month and looking forward to my retirement next year if things keep going smoothly for me.
@Cordero I’ve been following Brianna McKee Harris for months now and with her professional help, I’m making outstanding progress with my money decisions. I’m celebrating a $250k stock portfolio today, I started this journey with 4k .
Brianna mckee harris really seems to know her stuff. I googled her name and found her website, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her.
???? good marketing strategy
I’m sending good vibes for you so this happens ❤️
I was only looking for 0.5 passive income ideas, but you threw in an extra 7! Thanks!
Legends to embrace if you want to get rich investing Vin and Gary Joe Wilde.
@Bakha Little Used to see Chris and Briana vids promoting him. It’s been a while though.
I prefer Gary’s method too. Started trading with him last year and in all honesty, wish I had known about him earlier.
@Patrick Clever Same here.
Yes gary old mild
Keeping this to myself isn’t a good idea, I decided to tell everyone so you guys can all benefit from this. People keep talking about Stacy Griffin but I never knew how her software works until she show me, I will forever be grateful for her strategies of making big profits……
I’m from Brazil, My sister and I tried her immediately we saw her testimonies, she is really performing wonders, she gives her clients nice attention
Hello, I have been advised to trade with a unique signal of an exprt
Do Stacy Griffin also offer mentorship, lectures and tutorials ?
@Thylda Yes of course, I do attend her weekly classes
She is a popular trader, Stacy Griffin is the person that gave me access to know more about trading
Vincent you just earned a new subscriber.
I like the way you make things easy to understand and straight to the point.
I never thought that these days it is possible to find such a honest content
Great video! I learn alot watching your videos and it has been helpful to me. The most underrated skill in 2023 is being productive I was able to build a big income stream despite the dip in crypto investing with a professional broker Ms Lilian Anderson.
Everyone needs a different stream of income , unfortunately having a job doesn’t mean security due to the high rate of tax , one needs to move ahead their expectations .
This society now. Work is very important. But passive income is also very important. After all, it is an economic society now, and it will be easier to make money with money.