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The reason why this really is amazing is because once you produce the video, it will then exist forever constantly being your servant and working for you as you are sleeping.

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

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

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

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Why does Grant Cardone (best-selling author and multimillionaire) consistently places his money in multi family home real estate

When each single industry out there's constantly changing, property is the one thing that has existed the longest. It's one of the best ways to maintain your money because of the simple fact 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 example, say you made $1 million. You didnt blow it dumb stuff like bottle service every weekend, fancy cars or that nice watch you always wanted. Instead, you saved it up and set it in a multi family home real estate investment.

Even  if this investment only returned 10% of the money that you invested, that would be enough to pay you around $100,000 a year for the remainder of your life. .

By periodically investing in index funds, the know nothing investor can outperform most investment professionals Warren Buffet.

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Youre probably wondering what are index funds. Index Funds are kind of mutual fund which measures the S&P 500 (essentially the best 500 stocks in America) and usually in the event that you bet on index funds and in the S&P 500, what youre actually betting on is the fact that America will constantly rise. .

Index funds are great because over a long time period (15-20 years), they can return to 7-10percent in your investment. Meaning, you could try this out if you put in $1 million, you get $70,000-$100,000 annually. This is perfect for those who arent as familiar with property since this method is about setting this up with your bank and forgetting it allowing it to grow and build with time. .

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Everything you do is every single month, without even looking at your paycheck, you automatically set up it and it automatically pulls money from your paycheck. It then invests it for you so you never have to see your money. And if you dont find that money in your bank account, you wont be tempted to spend it. .

The company I use to perform my index fund investing is betterment.com. Make sure 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 help with that cashflow, and to use that excess cashflow you dont need in additional passive resources like the ones mentioned previously.

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Lacey Filipich has worked tirelessly to earn a more relaxed lifestyle. So far he's making about $5000 a year 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 will begin to work on this by being more aggressive with all the marketing online," he says.Google the phrases:"passive income" and you'll turn up a bevy of posts along the lines of"43 approaches to create a passive income".

He spent several years delving into the passive income scene and emerged something of an agnostic. He believes in its existence and that there are opportunities to make money in a"smarter" way, but he is not sure he knows the perfect way to find it.The 31-year-old began his hunt for the holy grail when he was working in a well-paid project that involved shift work.Gerry Faehrmann earns money from e-books about running a lawn-mowing business.Credit:Dominic Lorrimer"I had been in a career path which I wasn't finding overly satisfying," he states,"so I started looking into methods where I might have more freedom in my life and still earn enough money to support my loved ones and do the things I wanted to do in my lifetime. "Diversity of income was important, also, so that he began reading books from 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 excited to boost his income by passive means.Credit:James BrickwoodThere's a great deal of folks that are saying: buy my path; use this program and you can create passive income.