6 "Passive Income" Streams (and the TRUTH no one wants to tell you)
I wanted to open up my accounts a bit today and share with you 6 different income streams that I currently have in my life. From businesses that I own, to stocks and real estate, I share real numbers that will give you insight on the diversity of my "passive income" stream portfolio.
I say "passive income" with quotations, because there's a massive misconception about passive income online, and especially here on YouTube, which is why I wanted to cut right to the chase at the beginning of the video, and throughout my examples, share not just the income, but just how much time and money was invested into these income streams.
Also, nothing is 100% passive income - there will always be upkeep involved, and maintenance included. For some, more than others, but unless you're working in Hollywood or singing pop songs, true work-free, maintenance-free passive income does not exist. You can get to the point where you don't have to trade 1:1 hours for dollars, but you'll see just how "easy" that is in my examples.
They ALL require work, time, patience and focus. But they come with amazing opportunities, and incredible fulfillment in more ways than you can imagine, too - and no, I'm not talking about the laptop lifestyle, I'm talking about using your laptop to help people, and impact people around the world.
Timestamps for your convenience below:
#1 - 3:31 - My First Business (Information / Digital)
#2 - 6:57 - Affiliate Marketing (Recommendations / Commission-Based)
#3 - 8:34 - My (Newbie) Real Estate Portfolio
#4 - 10:59 - Stock Market (Including How Much TSLA Made Me Today)
#5 - 12:43 - Amazon (Physical Product / Invention - Based Business)
#6 - 15:09 - Platform / Audience Based Business (i.e. Podcast, YouTube, Blog)
Links to stuff I mentioned:
My First Business - http://www.greenexamacademy.com
How to Passive Income with Affiliate Marketing: https://www.youtube.com/watch?v=Nhaw1GN5L0k
Switchpod: http://www.switchpod.co (also on Amazon - affiliate link:)
https://amzn.to/2TmGX6f
For Stocks, I'm using ETrade (in case you were wondering). And if you're interested in starting a podcast, definitely check out my how to start a podcast series here:
https://www.youtube.com/watch?v=PIJpOcFf5h4&list=PLzJ1r4EGn-eksdBA9rzmviJlzpaOF3TBp
-=-=-=-=-
Subscribe to this YouTube channel:
http://www.youtube.com/subscription_center?add_user=smartpassiveincome
-=-=-=-=-
Want to learn more about the smart way to make money online and start a successful online passive income business (without ripping people off or being dishonest)? Then make sure to visit the Smart Passive Income getting started page below:
http://www.smartpassiveincome.com/passive-income-101
-~-~~-~~~-~~-~-
New and updated: "Podcast Marketing in 2020 (Top 5 Podcasting Tips that Get More Downloads and Subscribers)"
https://www.youtube.com/watch?v=Y2nUb2YJT9s
-~-~~-~~~-~~-~-
Are you a YouTuber? Then check out Tubebuddy, my favorite YouTube add-on that helps me do keyword research, rank higher in search results, get more views, and gain more subscribers. Sign-up for a 30 Day Free Trial of TubeBuddy here: https://www.tubebuddy.com/freetrial?a=spi
Видео 6 "Passive Income" Streams (and the TRUTH no one wants to tell you) канала Pat Flynn
I say "passive income" with quotations, because there's a massive misconception about passive income online, and especially here on YouTube, which is why I wanted to cut right to the chase at the beginning of the video, and throughout my examples, share not just the income, but just how much time and money was invested into these income streams.
Also, nothing is 100% passive income - there will always be upkeep involved, and maintenance included. For some, more than others, but unless you're working in Hollywood or singing pop songs, true work-free, maintenance-free passive income does not exist. You can get to the point where you don't have to trade 1:1 hours for dollars, but you'll see just how "easy" that is in my examples.
They ALL require work, time, patience and focus. But they come with amazing opportunities, and incredible fulfillment in more ways than you can imagine, too - and no, I'm not talking about the laptop lifestyle, I'm talking about using your laptop to help people, and impact people around the world.
Timestamps for your convenience below:
#1 - 3:31 - My First Business (Information / Digital)
#2 - 6:57 - Affiliate Marketing (Recommendations / Commission-Based)
#3 - 8:34 - My (Newbie) Real Estate Portfolio
#4 - 10:59 - Stock Market (Including How Much TSLA Made Me Today)
#5 - 12:43 - Amazon (Physical Product / Invention - Based Business)
#6 - 15:09 - Platform / Audience Based Business (i.e. Podcast, YouTube, Blog)
Links to stuff I mentioned:
My First Business - http://www.greenexamacademy.com
How to Passive Income with Affiliate Marketing: https://www.youtube.com/watch?v=Nhaw1GN5L0k
Switchpod: http://www.switchpod.co (also on Amazon - affiliate link:)
https://amzn.to/2TmGX6f
For Stocks, I'm using ETrade (in case you were wondering). And if you're interested in starting a podcast, definitely check out my how to start a podcast series here:
https://www.youtube.com/watch?v=PIJpOcFf5h4&list=PLzJ1r4EGn-eksdBA9rzmviJlzpaOF3TBp
-=-=-=-=-
Subscribe to this YouTube channel:
http://www.youtube.com/subscription_center?add_user=smartpassiveincome
-=-=-=-=-
Want to learn more about the smart way to make money online and start a successful online passive income business (without ripping people off or being dishonest)? Then make sure to visit the Smart Passive Income getting started page below:
http://www.smartpassiveincome.com/passive-income-101
-~-~~-~~~-~~-~-
New and updated: "Podcast Marketing in 2020 (Top 5 Podcasting Tips that Get More Downloads and Subscribers)"
https://www.youtube.com/watch?v=Y2nUb2YJT9s
-~-~~-~~~-~~-~-
Are you a YouTuber? Then check out Tubebuddy, my favorite YouTube add-on that helps me do keyword research, rank higher in search results, get more views, and gain more subscribers. Sign-up for a 30 Day Free Trial of TubeBuddy here: https://www.tubebuddy.com/freetrial?a=spi
Видео 6 "Passive Income" Streams (and the TRUTH no one wants to tell you) канала Pat Flynn
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
5 Ways to Make Passive Income & How to Get Started with EachHow I Built 7 Streams Of Income By Age 24Content Creation (5 “Sniper” Tools for Creating Winning Content)How to Start a Business from Scratch (Part 1) - The Income Stream with Pat Flynn - Day 6118 Passive Income Ideas 💸 WORKING In 2021 (WITH PROOF)Facebook Groups for Business 👉 (27 Hacks and Tips)4 Types of Entrepreneurs and THEIR DARK SIDESLegit Podcasting Tips for Non-Beginners - Podcast Advice from Pat FlynnWork at Home | Beautiful Chill MixYouTube Monetization Explained: 5 Ways to Earn Money & How YouTube Pays You (2021 UPDATE)The 3 "BEST WAYS" to Make Money OnlineHow to Batch Write Blog Posts for Faster Output - Day 317 of The Income Stream22 Passive Income Ideas - How I Earn $28K Per MonthFacebook Scammers are Getting SmarterHow to Start an Email List — Tutorial Video #130 Passive Income Ideas [for 2021 and beyond]How to Get Superfans For Your Brand - The Income Stream Day #175The Best Online Businesses To Start In 2021How Much Did YOUTUBE SHORTS Pay Me? (Earnings & Views Reveal)