9 Passive Income Ideas – How I Make $27k per Week
Passive income has become a popular buzzword in recent years. Many people dream of earning money while they sleep, and with the right strategies, it is entirely possible. In this article, we will discuss nine passive income ideas that have helped me generate a weekly income of $27,000.
1. Investing in dividend-paying stocks:
One of the most reliable ways to generate passive income is by investing in dividend-paying stocks. By purchasing shares of established companies that share their profits with shareholders, you can earn regular income without actively participating in the business.
2. Real estate rentals:
Investing in real estate and renting out properties is a timeless passive income strategy. Buying residential or commercial properties and leasing them to tenants can provide a steady stream of income. With proper management or the help of property management services, real estate investments can bring in significant profits.
3. Peer-to-peer lending:
Cutting out the middleman, peer-to-peer lending platforms allow individuals to lend money directly to others. By diversifying your loans across multiple borrowers, you can earn interest on your investments and grow your passive income.
4. Creating an online course:
If you possess a specific skill or knowledge that others could benefit from, creating an online course is an excellent way to generate passive income. Platforms like Udemy and Skillshare allow you to record video lessons and sell them to a wide audience, earning revenue for years to come.
5. Writing and selling an e-book:
If writing is your passion, consider writing an e-book and selling it on platforms like Amazon Kindle Direct Publishing. Once published, your e-book will continue to generate sales and revenue without further effort on your part.
6. Affiliate marketing:
Affiliate marketing involves promoting products or services and earning a commission for every sale made through your referral. By building a blog or social media presence and strategically placing affiliate links, you can earn passive income through commissions.
7. Creating a mobile app:
While creating a mobile app requires an initial investment of time and resources, it can become a lucrative passive income source. Develop an app that solves a specific problem or entertains users, and once it gains traction, the ad revenue or in-app purchases can bring in a significant income.
8. Creating a YouTube channel:
By creating a YouTube channel and posting videos regularly, you can monetize your content through ads. With a large subscriber base, and engaging videos, this can become a highly profitable passive income stream.
9. High-yield savings accounts or certificates of deposit:
While not as exciting as the previous ideas, saving money in a high-yield savings account or investing in a certificate of deposit (CD) can provide a low-risk way to earn passive income. These options typically offer higher interest rates than regular savings accounts, allowing your money to grow without much effort.
It is important to note that earning passive income requires initial effort and dedication to establish the income streams. However, once set up, these ideas can gradually provide a consistent income source without requiring your constant attention.
In conclusion, generating passive income is indeed possible, and these nine ideas have allowed me to generate a weekly income of $27,000. The key is to diversify your income streams, continuously research and learn about new opportunities, and be willing to invest time and effort upfront. With patience and determination, you too can achieve financial freedom through passive income.
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You must be a billionaire by now then
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It all depends on the information and techniques used, but I've seen people generate seven-figure profits in both rising and decreasing markets. There is no doubting that the recession and crisis benefited certain people tremendously.
Thank you for this wonderful video…Sometimes I really wonder how people make huge profit investing in the st0ck market, I know investng is a legitimate way to gain financial freedom but how is it
Is the side hustle skillshare class no longer available? I wasn't able to find it and don't see a link in the description.
WOW
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Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!
The only person who has made money out of this video is the creator.13mil views whats the passive income from that????
Thanks bud for keepin us financially Educated! Regardless of how bad it gets on the economy, I still make over $22,000 every single week.
I have been making losses trying to make profit trading. I thought trading demo account is just like trading the real market… can anyone help me out or at least advice me on what to do?
Given the current economic difficulties that the country is experiencing in 2023, how can we enhance our earnings during this period of adjustment? I cannot let my savings vanish after putting in so much effort to accumulate them.
why you lie to people?
Right now, things are a little weird. The US dollar is becoming less valuable for purchasing goods, but it is becoming more valuable overall. Due to people investing their money in dollars for security, assets like equities, homes, cryptocurrencies, and precious metals aren't doing as well as they could. I'm concerned that my $320,000 in savings will depreciate quickly. What should I do with my cash to keep it secure?
What amazing content!
In short anything that you work for once, and it can be sold to multiple people in the form of copies.
Hi sorry you said you made 350K in stocks but you never said what # you started with but only it started in 2015. Assuming since you said you made 687 per week and started in 2015, you mae 212,784 and started with ~120K? Am I correct? Trying to be as financially literate as possible here, so appreciate your transparency!
For salary earners having a passive source of income is the best thing you could have , because aside the the fact that it isn’t always enough you could lose your job any day at any time , have something to fall back to is crucial , for me it is trading the Forex and stock market, although I often wonder how top level investors are able to become millionaires off investing.
Please what software do you use for video editing?
Talking about stocks, Forex
and cryptocurrency trading is the most profitable venture I ever invested in, I reached my goal of $120k monthly trade eanings.
can i work with you as a video editer
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I like these ideas but I also like my privacy and I dont wanna put my face on the internet lol
You have more than earned my subscription dude, love this
I started buying some more stocks at the beginning of the year, but nothing big. Why am I treating this so harshly? I still want to be the first person in my polygamous family to make a million dollars despite the fact that others in my field make six figures per person. I am well aware of the costs associated with working more to get more money.
Win the lottery, receive an inheritance..
this channel shocks me as alwayslove to see how it grows…
Extremely importand information for every trader Thank you for the videos
Only Michael knows how to make money easy as pie
Excellent Good Sharing Thank You
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feels hard to monetize on YouTube, no?
This guy knows a lot about binay options, listen to his advices
This year is almost over and am very glad about the decision made so far. Investing in the market earlier this year regardless of the market conditions has save lifes. I made over 80k USD with a start up of 25k in the last 7 months. I know is nothing compared to what others make but I'm glad am changing my finances.
Nice
Getting rich quickly is a FACT! It can happen with stocks, real estate, finding something very valuable unexpectedly, a gift, happenstance…
fuck capitalism
Nice video
I hope i can have passive income