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- Hello guys, welcome back to the channel. In this blog, we're going to talk about nine different ways you can earn passive income. And I will speak for each of theseabout how hard it is to get started, how hard it is to make $100 a month from it, and how hard it is to maintain
after creating the thing in the first place. At my job, these nine different sources make about $27,000 a week.
varying degrees of passivity these days. And frankly, it took me eight years to develop it.
So, don't expect to hit such numbers when you first start out. But this is the video I wish I had when I started my journey of financial independence.
many, many years ago, let's go for it. Well, so when I say passive income, I always quote it on the fly because there really is no such thing as passive income.
There is no way to make money by doing nothing. But when I say passive income, I mean his money.
this is not directly related to our time. Let's say you're going to write a book. If you write a book, you publish a book that is on the shelves.
You did the job once to write and publish the book. But now whenever he sells books,
you make money from royalties, i.e. passive income. You may be making money while you sleep because you created this thing.
the one in the world that generates income for you. The other thing about passive income is that it always takes a very long time to go.
So if you see any ads before this video or see people in the comments talking about how to get rich quick with any scheme
Pretending to be me (screenshot appears) saying "Oh my god, here's how you can get rich fast with crypto, this is WhatsApp". This is all a scam, it won't work.
There is no way to get rich quick. This is nothing. So, if you're looking for a get-rich-quick plan, these things just don't exist.
So, you might not even try. And the way I think about it is that after all, money is just a vehicle for the exchange of value.
The only way to make money is to provide value. And passive income is the only way to make passive money,
is to provide value in a way that is not directly tied to your time. So please, please, please, don't try to get into the get-rich-quick scheme, they don't exist.
I have received many messages over the years from people who have tried to sign up for a get-rich-quick crypto plan or gambling plan.
or "Hey, here's how to play poker online." None of these work. People always lose money.
The only way to make money is to provide value. And now let's talk about nine different ways (icons pop up)
that you can provide value if you want. Just before we get started, I want to say that I'm launching my brand new Skillshare class on Productivity for Creators.
How to start a successful side hustle. This video is linked in the description. Skillshare is the sponsor of this video. I'll tell you more about Skillshare later,
but i want to add my own class because i think it is really good and people really like it and it will help you to get tips
on how you can start side jobs in your spare time. Anyway, let's get to the video. Alright, let's get things started
by investing in stocks and stocks. And in this context, the way we provide value is to offer our money.
Providing money and investing in a service is, in a way, a form of value. And so, when we give our money to a company
It makes sense for us to get some kind of return on that investment, in the way we buy their shares.
And we start with that because investing in stocks is the easiest way to earn any passive income.
If you have savings of any kind and they're sitting in a savings account, earning 0.01% interest, they're not doing much for you.
Whereas, if you have savings you've saved and put them into stocks, you could potentially be making passive income out of the money that's otherwise there.
Now I have a video called "The Ultimate Guide to Investing in Stocks and Stocks for Beginners" that will be linked somewhere out there.
This is a solid half hour introduction to stocks and exactly how they work. But what I recommend
as a non-financial advisor to most beginners and this is not financial advice, it's just for fun, or so people say, or at least that's what I do
basically all my money in stocks and stocks is invested in index funds. Now an index fund is something like the S&P 500.
And when you invest, let's say the S&P 500 is $1,000, that basically means you have $1,000 distributed.
It is among the 500 largest companies in the USA. That is, they are weighted by how big they are.
In other words, 2% will be Apple, 2% Facebook, 2% Google, 2% Microsoft. And then you probably wouldn't have heard
500th company on the list, but basically all the big US companies you've heard of are eventually investing in them one by one.
So, if you want to start with that, all you have to do is sign up with a stockbroker. If you're in the US you can use a Webull,
If you are in the UK you can use Freetrade or Vanguard. Basically, no matter what country you are in, just express on Google, the best stock broker platform,
name your country and you will find something that works for you. And then it's easy to invest in an index fund. So, inside our famous side rush evaluation matrix,
We will give the difficulty of getting started, one out of five, one star. Getting started with stocks is very, very easy.
How hard is it to make $100 a month investing in stocks and stocks? Well, it depends on that kind of thing, because it depends
about stock market performance in general. Well,
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