8 Easy Ways to Earn Passive Income
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- เผยแพร่เมื่อ 2 ก.ค. 2024
- 8 Easy Ways to Earn Passive Income
Passive income is an excellent way to bring in some extra money while you're focusing on other important things. Passive income can be generated while you’re at work, while you’re on vacation or it could be just how you fund your retirement lifestyle. Income being made while you’re not actively working for it can allow you to pay your bills so you can retire. Some believe that passive income only comes through simple, common and traditional sources but there are many creative ways to make some extra money that you might not think of. These are some ways that you can easily generate at least $500 per month passively.
Here’s a non traditional way I make passive income: I manage three airbnbs that my EX girlfriends mom owns. LOL. I started all three of them when we were together and I earn about 40k a year on them now doing almost nothing but messaging guests and coordinating with cleaners. I feel very lucky to be in this situation and to have an ex that is an awesome friend that didn’t kick me out of the game.
Lucky man
Not many of them left
She’s still in love w you bro
Nice story but they took yo balls son 🙄 u should've kicked her out lmao
“40k a year” 😂😂😂😂
step 1 be rich already
Be born rich
I have rentals, but I always think of, billboards, laundry, self car wash, vending machines, storage units, boat car storage, multi family housing, all great ideas.
It can be done. I invested $1,000 in my friends business where he was flipping comic books. He paid me $1,000 per month for like 2 years until he moved on to other things. Investing in other peoples successful or growing small businesses for a share of the profits can be a good way to get an outsized monthly return.
You really ripped off your friend bro
Not really, plus he proposed the terms. I paid for the inventory and he sold them. I think I would pay for the inventory every 3-6 months, or if there was an opportunity to buy a lot of stock at a discount.
Also, it wasn't a fixed payment back to me, we had agreed to split the profits like 80/20 (his favor) I think, and there was no guarantee on the amount returned.
We were fortunate it managed to be successful and that I received an outsized reward, but thats compensation for my risk and exactly why I took it.
@@carlosarana1589 o
Awesome friend, fair and honest
Passive income is great!!!!!
You can buy containers and rent them out. You can buy supplies and tools and also rent them out. You can get a self drinking water dispensary where people pay quarters for gallons of water all work you have to do is change the water filter daily and take the quarters. You can also buy and rent vending machines to government businesses and offices like police stations. If you know the business you can rent out chain link fences and toilets to construction sites or special events it sounds dirty but your job would be an executive position mostly securing the contracts and finding the people to do the labor. You can also invest in a software program that for example process out parking tickets and subcontractor it to a municipality by bidding on it, so pretty much all is an idea until you secure the contract then you develop or outsource the software. Some coffee shops or ice cream dairies actually rent out the machines because that protects them from liabilities.
There are so many options, it's crazy!
These sound like some great ideas. This was basically what I was looking for. I've got about 40,000 that I'm hoping to put to work for me without simply investing in the stock market.
Checking account bonuses, credit card bonuses are killer "passive" way to earn $200-500 a month.
And it's tax free, at least for now.
That's a great option!
I'm doing that right now!
🤣🤣
Only thing it "costs" is a *hit* to my credit score.
_(but only temporarily)_
@@michaelb.8953 Checking account bonuses are taxed.
@@michaelb.8953 no its reported to the irs and u get a 1099 for it. u got to pay taxes on it
Another way for passive income is selling covered calls or cash secured puts
Nope, gotta trade margins lol
@@HuyLe-vo4pg have you ever had a margin account Huy? Just because it is a margin account does not mean you have to use the margin. You don't have to borrow, just keep a balence at or above $0 (specifically for selling covered calls). Selling a secured put is a synthetic covered call, your broker will require no shares to be held in the account, but you will need a lot of cash in case you are put the shared. I stick to the Covered Calls. You can also use call spreads or put spreads to reduce initial layout or margin requirements. Happy Trading, and best of luck to you!
How?
@@jhicks8829 you need a stock brokerage account that will allow options trading (most do, but some account types may limit the type of trade structure). To sell a covered call, you buy at least 100 shares of a stock that allows options to be traded. You can the write 1 contract against those shares (1 contract controls 100 shares) at a specific strike price for a specific time period. You should do some more research into it if you want to learn more. Alternatively, you can buy ETF's which will do this for you. NUSI is one in the US, but there are many more with varying dividends. Best of luck!
Good ideas, about the properties an alternative is REITs, that allow you to own real states without having to manage anything on your own and diversify in multiples sectors without having to actually buy a property. I made a video about REITs that explain how it works.
Good review,Awesome comment.💗For crypto/guidance/investment🌎
✙𝟏𝟓𝟎𝟕𝟓𝟗𝟔𝟗𝟔𝟐𝟎✉️
Reits are trash..not even close to real estate investing
@@jayc4715 Not even CLOSE to being trash, they pay quite well for not having to put up the amount of risk and work as owning real estate. Great investment for retirement, you can take the money you made from real estate and invest in reits and enjoy a portion of the dividends without the work.
Antonmursid🇮🇩🙏🙏🙏
returns on actual real estate are more than tripple that of a REIT
Money is everything
Thanks this is powerful!!!
Great ideas!
Thanks for watching 👍
Thank you for your time and knowledge
I dont really feel index funds come off as a good passive income, they're more like a retirement fund considering the compound interest.
Dividends are pretty enticing for indovidual stocks though.
I agree with you that index funds can really earn us a pretty good number, and it can actually work as a passive income or a retirement fund, whichever fits best for us.
Great ideas Chris...i need to start making more videos myself..👍
Yes you do Jimmy!!
I watch a ton of educational videos & you are one of the best channels out there for education about finances. Thank you for what you do.
Thank you, I appreciate it!
I agree with this. The best time to invest is always NOW; now that you have the capacity to invest, now that you are capable of investing and now that you're aware of the benefits you can earn from investing.
@@ChrisInvests one of the problems is not every person is awear of this scams can make life worse especially for those going through rough times now.
there are many new scams out there and this is a few of them.
Publishers Clearing House.
Some Dating Websites.
Delilah Bell work from home.
the list goes on I have been sending alert messages to many channels I care about fairness a scary thing is my sister and I almost ended up out on the street with no place to live at .
I'm currently broke depressed wanted to make money online which I know is not an easy thing to do right now. so I'll continue seeking whatever help is available anything at all .
Awesome cool mane yeaaa
That parking space makes perfect sense! Definitely need too check that out once my roommate leaves
🤞 Hope it works out for you!
Rental properties have tax benifits as well, you get to depreciate over 27 years, while it generally appreciates.
Wow that's good
I am getting lots of cricket sounds from all the crypto lovers. I personally think anyone who’s interested in easily multiplying funds should consider buying the dips of most altcoin, this is an opportunity to get in.
@Sean Roger I’m aware of Dan Raziel, spreading funds on such multiple investments requires is quite risky, are you at bother by the risks?
@Sean Roger this is really impressive, you got any means of getting through to Dan? I need more info on his services.
@Sean Roger much appreciated, I’ll reach out for clearer understanding of his services.
Enjin coin to the moon
I agree. I'm earning $300 per day passively from crypto.
Work for the government, get injured, yuck it up when you see the doc, boom 100% disability for the rest of your life, or until the government collapses 😂
😂
Ahah genius
I work for the government, how do I break my leg
It's almost like you don't realize dividends aren't a free lunch.
they aren't?
They are tho..pendejo
WOAHHH DO NOT LOANS MONEY TO FAMILY AND FRIENDS. NEVER. You’ll never get it back it’ll destroy the relationship
True
Commenting for youtube algorithms3
Only fans? 😂
😂
@@ChrisInvests you're being hit by the spammers dude you must have made it big time 😂
I have been making profit of $8000 every week from eighteen different stocks which I have been trading from January till date, your analysis is good but trading this stock would increase your equity
congratulations that's a motivation right there
stock trading really pays when you get it right. working with adequate resources and accurate strategies is the key. congrats
that's really good profit you make from trade. I would love to get some insights into stocks and develop my knowledge too. You have a handle or link one can connect to you?
Yes sure you can... Billygunarsson
G mail....
Great video man 🤟
Thank you, Jacob!
I live in nyc and trust me there is a lot of people don’t like to pay there rent.
I just wish we could sell organs. Im so broke these wont work for me. I work in furniture but the market and supply chains are devastated. So i need to find ways to make money on the side ughh this is so hard man
Maybe you could go into a different form of sales
*Philandering?*
❤❤
Sell plasma
Well, you can.
My parents were in the furniture biz, and I found there were lots of opportunities to make extra bucks when I started working for them. I learned to repair things like cigarette burns etc. and even did repairs for other firms as well as fixing and flipping stuff I found at goodwill etc. Also delivered the new furniture, helped the customer "dispose" of the old stuff by flipping it for a few bucks. It was endless, it's where I learned what made me an entrepreneur and where I learned I didn't need to depend on a paycheck to get ahead. Even to this day I check the Ikea clearance room for stuff I can repair, or repurpose for resale, when I go there, and I'm an old man now ;).
how can we protect ourselves from online webscams and why isn't the Better Business Beauro able to remove scams from the internet ?
Let me grab my notebook
You can always put back 500 dollars or saved 500 dollars every month or every 2 weeks into your savings account.
Most of these examples aren't "easy ways" to generate passive income when people generally don't have $30k, $50K or more laying around to invest.
Passive income requires one of two things up front-- time or money
@@ChrisInvests EXACTLY!
if you're lucky enough to be taught or find out early enough about Dollar Cost averaging into the stock market and the beauty of compound interest, your money will grow to those amounts over time.
I sadly was not, so starting late. it's a long road ahead, but better late thannever.
Fun fact: a 60k investment into a stock that pays a 5% dividend yield (which is considered high and kind of risky already) will only get you $250 a month ):
@@nah88 same. I started at age 38. I’m still 38 ^^
Scam comments
yeah, the comment sections of financial-themed videos these days are filled with bots who post scam comments. They have even started to get other accounts to like and comment on their posts to make them seem more legitimate. Out of control.
$500 a month is weak though. That's not gonna go anywhere.
But it's better than zero. It will help pay some bills while you work your primary job.
I'm 23 and have around $6k in stocks thanks to Tesla, and have been losing money from my $3k in savings since I moved into my current apartment. I can't even buy my own house, let alone rent out properties.
24 years here and I hear you brother
@@jdeckgaming3565 I'm 25 with 1500 in cryptocurrencies and 4400 in saving. Am I looking shabby ?
You guys need to get on the Dave Ramsey plan.
How much to pull in monthly?
@@samueljlarson very little
The problem with these is you need money to do them and in today’s economy saving money is nearly impossible. Most jobs are set up to only get you from paycheck to paycheck. 😔
To generate passive income you almost always need one of two things...time or money
@@ChrisInvests The paradox of being low class. No money because of shit paying job, no time because or shit paying job, no school because you have to spend all your time at shit paying job. Keep applying and hope you win the job lottery and become part of the population that actually gets paid enough to live your life.
Impossible is such an underrated word when it comes to investing, for real, want to know why? We could have said that 10 years ago when we should have started investing that time, yet we didn't. And here we are, still saying "it's impossible." It's a matter of good financial management or budgeting that we can allocate a part of our income to investing without compromising our needs.
@@coreytravisbean i get you man... business owners need employees for their business dream to grow (sidewalk lemonade stand vs Jamba Juice franchise as ex) but employers don't pay livable wages. If an employer can't pay people a livable wage, then they can stay a lemonade stand and stop this low pay slavery
...one of the main things poor people tell themselves that keeps them poor...
...sounds like you could use the "pay yourself first" savings philosophy...
"don't save what's left after spending...spend what left after saving"...
Lmao a single bedroom would be probably 150 ,😆
Not sure where you live, but in Germany single bed rooms for students run from at least 250€ to 600€, sometimes more, depending on size and quality. Use of kitchen and bathroom obviously included.
@@X3RUBIM No I'm speaking about if I had a spare room for rent in my house it should only be 150
I trade on a platform with a guidance of a broker Mrs Regina peters. She brings me massive profit
I’ve earned $84,000 in two weeks with a capital of 18,000
I’ve earned $84,000 in two weeks with a capital of 18,000
@@wernerlange7475 OMG 😳 84k how is that possible.......what is your strategy?...
$84,000 wow that’s really big, I trade on my own but I only make $4,800 in a month
@@mayanora7728 No... try trading with a professional broker Mrs Regina she is the best to trade with. I started two months ago
Man, all these videos from Chris Invests make me feel like such a loser. The kind of numbers he throws around to analyze a "regular Jane" ($60K in your brokerage account to start??) feel like the next level of gaslighting. :-( But anyway, not his problem that I've only paid my debts off 3 years ago, and didn't start investing till right after the summer of the 2020 pandemic. Let me repeat that: "RIGHT. AFTER. the summer of the 2020 pandemic." I was a fresh young 42 year old. This post has been written to raise awareness that us mid-40s fulltime + gig working suckers exist, have great budgeting habits, and just can't even get to the STARTing point of what these videos suggest as 'humble beginnings' from which if we only patiently and consistently wait and try, we'll be in the foreseeable future rewarded.
Hmm...in most of the videos I provide tips that could help anyone become wealthy and I try to make it seem simple. I like it to seem easy to get started rather than making people feel discouraged.
This a scam?
My advice to everyone is to invest in cryptocurrencies especially Bitcoin as it may rise higher than this very soon and you will wish you didn't miss this opportunity
Most people are gonna become millionaires and will have bitcoin to thank for that..
I will like to join the boat and start investing in Bitcoin but do not know how and am afraid of losing money
As a Bitcoin investor and trader, its almost inevitable that you're going to experience ups and downs along the way but that shouldn't scare you off from investing
I saw some recommendation about experts Mrs Trust........
She's Brilliant
I saw some recommendation about experts Mrs Trust........
She's Brilliant
I have over 270k in Vantguard and I'm not earning 500 per month. This is misleading
He was talking about capital gains...when he mentioned dividends, he said you needed over 400k
If that's not generating $500 per month in a combination of dividends or capital gains then you're doing something wrong
@@ChrisInvests youd need over 2% dividends. On a non moving stock....i guess.
@@ChrisInvests my bad you covered this in the video.
My guy, try some altria stock 5yr chart looks horrible but your 270k would bring in like 1300 a month for other investments and its up 5% this year