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9 Passive Income Ideas - How To Make $27k per Week


In this video we will talk about 9 passive income ideas with real examples, some of which have enabled him to earn $27,000 per week.

Topics

  • 00:00 - Intro
  • 02:20 - Investing in stocks and shares
  • 07:07 - Starting a YouTube channel
  • 10:36 - Starting a podcast
  • 13:35 - Becoming an affiliate marketer
  • 16:50 - Selling a digital product
  • 18:53 - Selling a course
  • 23:36 - Building a membership community
  • 26:12 - Automating a business
  • 28:00 - Building an app or website

What It Takes To Earn Passive Income

Passive income streams require an upfront investment and nurturing in the beginning, but eventually generate consistent revenue without much effort.

Passive income streams can help you increase your earnings and accelerate your financial goals, such as getting out of debt.

Passive income streams require at least one of the following two elements: an upfront monetary investment or an upfront time investment.

You can't earn residual income without providing at least one of these two things.

You can become financially free when your passive income exceeds your expenses, even with the best job in the world.

Passive income can be created in several ways, including property rentals, dividends from investing in stocks, and royalty payments from intellectual property.

Passive income isn't a get-rich-quick scheme, and it certainly isn't "free" money. It involves work, and all passive income opportunities require maintenance to keep the money flowing.
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