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

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

Everyone has a skill that someone else would pay for. As an example, there were around 100,000 individuals 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 provide him $67 just so they can find an eBook which had the super secret exercises that allowed Jacob to increase his vertical leap. .

Do you have anything that you are proficient at that people today come to you for aid Usually it's tough to pinpoint the specific skill since to you it may seem normal and easy. 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 writer and multimillionaire) consistently places his money in multi family property real estate

When each single industry out there's constantly changing, real estate is the one thing that has been around the longest. It's one of the best ways to maintain your money because of the fact it can provide 10% returns every single year without any work making it one of the top sources of passive income. .

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By way of example, say you created $1 million. You didnt blow it dumb things like bottle service every weekend, fancy cars or nice watch you always wanted. Instead, you stored it up and put it in a multi family property real estate investment.

Even  if that investment only returned 10% of the money that you invested, that will be enough to pay you around $100,000 annually for the rest of your life. .

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

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Youre probably wondering exactly 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 generally if you bet on index funds and in the S&P 500, what youre actually betting on is that the fact that America will constantly rise. .

Index funds are great because over a long time period (15-20 years), they can return up to 7-10percent in your investment. Meaning, if you put in $1 million, you get $70,000-$100,000 a year. This is ideal for people who arent as comfortable with real estate 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 need to see your money. And if you dont find money in your bank account, you wont hesitate to spend it. .

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

Now the biggest goal with whatever you've got going on would be to create a business to aid with this specific cashflow, and also to use that excess cashflow you dont need in other passive resources like the ones mentioned previously.

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Lacey Filipich has worked hard to earn a more relaxed lifestyle. So far he is making about $5000 a year selling the books for $27 a pop on his website yourlawnandgarden.com, and he's confident he can make more. "That is very much a passive income and I'll begin to work on this by being more competitive with all the marketing online," he says.Google the phrases:"passive income" and you will turn up a bevy of posts along the lines of"43 approaches to make a passive income".

He spent a long time delving into the passive income scene and emerged 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 convinced 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 job that involved change work.Gerry Faehrmann earns money from e-books about running a lawn-mowing business.Credit:Dominic Lorrimer"I was in a career path which I wasn't finding too satisfying," he states,"so I started looking into methods where I could have more freedom in my life and earn enough money to support my family and do the things I wanted to do in my lifetime. "Diversity of income has been important, too, 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 a knockout post support, Gerry Faehrmann is excited to boost his income by passive means.Credit:James BrickwoodThere's a lot of people who are saying: purchase my course; utilize this program and you can create passive income.