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

Here are some helpful blog posts regarding the passive income that Includes 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 bad that they were willing to give him 67 just so that they can get an eBook that had the super secret exercises which allowed Jacob to increase his vertical jump. .

Do you have anything that you are good at that people today come to you for help Usually it's tough to pinpoint the specific ability since for you it might appear normal and easy. But to others, they are willing to give you money to learn the ability you know so well. .

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Does Grant Cardone (best-selling author and multimillionaire) always puts his money in multi family home real estate

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

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For instance, 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 stored it up and set it in a multi family home real estate investment.

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

By 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 that measures the S&P 500 (essentially the top 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 simple fact that America will constantly grow. .

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

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What you do will be every single month, without even looking at your paycheck, you automatically set it up and it automatically pulls money from the paycheck. It then invests it for you so you never need to realize 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. Ensure you check them out if you want to learn more about try these out index funds.

Now the greatest goal with whatever you have 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 hard to earn a more relaxed lifestyle. So far he is making about $5000 annually selling the books for $27 a pop on his site yourlawnandgarden.com, and he's confident he can make more. "That's very much a passive income and I'll start to work on this by being more aggressive with the marketing online," he says.Google the words:"passive income" and you'll turn a bevy of articles along the lines of"43 ways to make a passive income".

He spent several years 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 perfect way to find it.The 31-year-old began his hunt for the holy grail when he was 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 says,"so I started looking into techniques where I could have more freedom in my life and earn enough money to support my loved ones and do the things that I wanted to do in my life. "Diversity of income has been important, too, so that he began reading books by the likes of Gary Vaynerchuk (author of Crush It! Why now is the time to cash in on your passion), Tim Ferriss (writer of The 4-Hour Work Qualifications ) and Pat Flynn's Smart Passive Income blog.With a large family to support, Gerry Faehrmann is excited to increase his income by passive means.Credit:James BrickwoodThere's a lot of folks that are saying: buy my path; use this app and you can create passive income.