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The reason why this is amazing is because once you create the video, it'll then exist forever constantly being your slave and working for you as you're sleeping.

Here are some helpful blog posts regarding the passive income that comes with a YouTube channel and blogging:

Everyone has a skill that someone else would pay for. 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 give him 67 so they can get an eBook that had the super secret exercises that enabled Jacob to increase his vertical jump. .

Do you've got anything that you're good at that people come to you for help Usually it's hard to pinpoint the exact skill since for you it may seem normal and simple. But to others, they are willing to provide you with money to learn the ability that you know so well. .

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Does Grant Cardone (best-selling author and multimillionaire) consistently puts his money in multi family property real estate

When every single industry out there's constantly changing, property is the one thing that has been around the longest. It is one of the greatest methods to maintain your money because of the fact that it can supply 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 instance, say you made $1 million. You didnt dismiss it dumb stuff like bottle service each weekend, fancy cars or nice watch you always wanted. Instead, you saved it up and put it in a multi family home real estate investment.

Even  if that investment just returned 10% of the money that you invested, that will be enough to cover you around $100,000 a year 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 kind of mutual fund that measures the S&P 500 (essentially the best 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 fact that America will constantly grow. .

Index funds are excellent because over a long time period (15-20 years), they can return up to 7-10% in your investment. Meaning, if you put in $1 million, you receive $70,000-$100,000 annually. This is ideal for people who arent as comfortable with property 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 will be each single month, without even looking at your paycheck, you automatically set up it and it automatically pulls money from the paycheck. It then invests it for you so you never need to realize your money. And if you dont see money in your bank account, you wont hesitate to spend it. .

The company I use to do my index fund investing is betterment.com. Ensure that you check them out if you want to learn more about index funds.

Now the greatest goal with whatever you've got going on is to first create a business to aid with that cashflow, and to use that excess cashflow you dont need in additional passive sources like the ones mentioned previously.

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Lacey Filipich has worked tirelessly to earn a more relaxed lifestyle. So far he is making about $5000 annually selling the books for $27 a pop on his website yourlawnandgarden.com, and he is confident he can make more. "That is very much a passive income and I'll start to work on that by being more aggressive with the marketing online," he says.Google the words:"passive income" and you'll turn a bevy of articles along the lines look at here of"43 ways to create a passive income".

He spent several years delving into the passive income scene and arose something of an agnostic. He believes in its own existence and that you will find opportunities to make money in a"smarter" way, but he's not sure 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 change 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 states,"so I started looking into techniques where I could have more freedom in my entire life and earn enough money to support my loved ones and do the things that I wanted to do in my life. "Diversity of income was important, also, so that he began reading books by the likes of Gary Vaynerchuk (writer of Crush It! Why now is the time to cash in on your passion), Tim Ferriss (author of The 4-Hour Work Week) 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 lot of folks who are saying: purchase my course; utilize this program and you can make passive income.