Passive Income Ideas For Beginners 2019 & How I Made $1,200 Per Month In passive income In 6 Months!
The past week I’ve been on a quest to learn more about how to make more passive income in my life so I can truly be financially free and never need to worry about money again.
Wouldn’t that be nice?
In this video, I share several passive income ideas I’ve researched over the last week and what I’ve done to make a recurring $1,200 in passive income in the last 6 months starting with no money to invest.
1:30 I just want to make sure that you don’t fall for the scam like I did when I was in my teens. You know, I believed in the passive income lie and this thing that you can become successful without doing much.
2:50 passive income Is A Lie: It Poisons Your Mind
When you start believing in passively becoming successful and generating passive income, you start falling into the mind that your mind, you’re embedding the idea right here, that you’re saying I’m going to be able to get something without doing anything or doing the minimum amount and getting the most.
3:15 Show me, ONE successful person, even that you know or in your circle, that’s become successful passively. That did not actively work 40, 50, 60, 70, 80 hours a week to be able to build a successful empire, or whatever success means to them on an ongoing basis and be able to stay successful passively. It does not exist. So make sure that you don’t get this poison into your mind that you can do the minimum effort and be able to become successful, it does not exist.
3:30 passive income Is A Lie: Illusion of Investment
You cannot be passive about something because the moment you’re passive, you lose the grip on it and you start losing it, and it starts depleting. You cannot become successful, as I mentioned before, getting successful and staying successful in being passive.
Passive income looks “passive” in the short term, but Amazon products change, consumers change, competitors come onto your site or come onto to Amazon and then that increases all these different variables and then instead of you thinking, “Oh, I’m just gonna put five hours a week “or even four hours a week.” That four hours is going to become more. You can’t stay competitive without putting in the amount of work. It doesn’t make any sense.
7:00 So there’s nothing passive about putting 40, 50 hours a week. One of the main things, why passive income does not exist, is changed. Change is one of the factors that exist throughout our lives, you know, people change, our markets change, the economy changes, everything is, the core variable is changed. So how can you be passive about something that consistently changes? When something changes, you have to react, and you have to adapt, and you have to take action. So there’s nothing passive about that.
7:30 passive income Is A Lie: They’re making passive income by selling you how to be passive income. So don’t fall for that scam when you buy something or people will lead into it because they try to seduce you with the idea that you can get something from nothing which is very, pretty much like poison in your mind and once you embed it very deeply, you’re going to find out that you’re not going to be very successful.
9:50 Invest and put time into your financial capital when you take your money, you invest it into something, and you’re able to leverage that in your business, to make or bring on a team, you’re able to use it for marketing, use it for advertising. Your human capital, when you’re able to bring on people and scale yourself, your business, when you are delegating to all these things. When you’re able to scale your mental capital, your knowledge capital, relational capital, all these things, when you’re able to communicate and build your network and leverage the relationships that you have, when you’re able to leverage the amount of information and knowledge and pure wisdom that you can learn, through other people, your network, your board of advisors, board of directors.
11:10 The great leaders of the world did not focus on passive income when they started. They focused on being passionate about a problem that they wanted to solve in the marketplace. They focused on developing a result for a lot of people to create a business and leverage the capitals that they had in life to be able to achieve the success they want. So that’s why if you start from the beginning of passive income, you will not be able to become successful if you consistently believe in that. The final thing would be that success in anything requires that you be active in anything that you do. That’s what you want to focus on is being active.
In this video, I’ll break down what passive income is, how I started making passive income with absolutely 0 money when I got started, and some different ideas you can use to get started creating passive income for your life.
In the last 7 months, I’ve been able to grow my passive income to an astounding $4,000+ each month and got started without investing any of my hard-earned money. I just worked smarter and with a more direct purpose.
Other passive income ideas I talk about in this video: real estate, stocks, online store, online courses, blogs, YouTube channel, storage units, vending machines, laundromat, car wash, parking lots, dropshipping and starting your own business.
Passive Income isn’t easy and you won’t Make Money online overnight and get filthy rich. Making passive income Online is about using systems, strategies, and tactics that established businesses have used for years. passive income is used by real businesses.
There are several ways you can make passive income, such as Monetizing a YouTube channel or Blog with Adsense. But you can also make passive income from royalties and licenses on real products like books, or the rights to videos or music.
Other ways of making passive income could be with affiliate marketing, where you sell the products or services of someone else, such as Amazon or web hosting companies like Blue Host.
You can also sell your own products. You can make music in Garage Band and sell it in iTunes, you could write an eBook and sell it within Amazon. Ecommerce is a great way to make passive income online, whether with a physical product or digital product.
You could also create an online course and people could pay for access to that like on Udemy and Skillshare. You’ve made the course once and the internet is selling it to people interested in learning from you in your sleep.