Author Archives: SC

Hey all! I sincerely hope you’ve been having an excellent year so far! As promised in my last post, I bring to you my TOP 3 passive income ideas that I personally use to make money from home!

  ***DISCLAIMER*** I AM NOT A FINANCIAL ADVISOR AND THE READER ASSUMES ALL RISKS FROM THE FOLLOWING

Number 1: Stock Dividends

  This is hands down my absolute favorite way to make an additional chunk of income without having to do any work! This concept will be covered in detail as it’s so dense and multilayered that it warrants its own post but for now here’s how it works and why you should be investing in stocks now.

  The common belief has been that stocks are too risky but take a stock like Pfizer which has an annual dividend yield of 4.2%. That means if you invested $10,000 right now you are guaranteed (pending any cancellations of dividends) to make $420 a year from doing nothing more than putting your money in the account! Sure that’s small now but through the power of compound interest after 5 years you will have $12,284 in that account and after 10 years that grows to $15,724! An extra $5,724 over 10 years absolutely management free! (Click here for a free stock up to $1,600). But this is nothing compared to my next method.

Number 2: Real Estate

  Real estate is no longer a rich man’s business venture. Now a days, many lenders will work with people from all kinds of financial backgrounds to get them in to a home sometimes for literally no money out of pocket. This can not be a better situation for you to earn some side money. Again, the risk is low but requires a bit more diligence on your part. Real estate takes a lot of education and it’s important to not only work with the right agent and lender but to never get in to a situation that you personally feel isn’t right.

  A single family home in America is a coveted property? Why? Because no matter where someone works or lives, they need somewhere to call home. My wife and I bought a home in Utah in 2018 and our current profit is roughly $320 a month after taxes from renting out this space that we no longer live in. We could certainly charge more, but to keep it occupied with no gaps, we find it best to keep costs low. Tack on a property management company (which takes 10% on average a month) to manage all interactions with the tenants and my wife and I collect a cool $3,840 a year extra from our initial investment! Now you see why all the big companies aren’t in the business they say they’re in (looking at you McDonald’s) but they’re in the Real Estate business. Click here to find out how to find rental properties worth investing in.

Number 3: Monetization

  The last technique of note is a very hot ticket item these days nevertheless it should not be overlooked as being unprofitable due to oversaturation. Millions of people due to covid-19 have found niches on social media sites such as TikTok, YouTube, Instagram and so on. These aren’t new and they require a lot more effort to get going but once they start it’s very difficult to not see continual passive income. After all, whatever you post on the internet is literally there forever.

  When a site is monetized, this means that a company pays to have ads run on your content. For example: If I’m McDonald’s and want to grow my business, I could pay YouTube a sum of money for guaranteed ad time on videos. Well google would then offer it’s YouTube partners a cut of that money in exchange for running advertisements on the video. The more popular the video, the more potential money the ad can generate. Developing an audience large enough to make a dent takes time but I’ve heard of YouTubers earning as much as $4 for every 1,000 video views. This is very challenging but requires absolutely no maintenance once up and running. Earning potential is limited by the effort YOU decide to put in and as with anything your effort will dictate your outcome in the long run. 

Thanks again for reading and tune in next time when we talk about the stock market and how we can start investing today!

  I know what you’re thinking; Is this another article that’ll lead you to some survey site? Will you click through a 15 minute survey answering question after question with the promise of an extra $8 after your long, hard work? The answer? NO!!!

The honest truth here is that Passive Income is something billionaires like Warren Buffet, Elon Musk and Bill Gates are already extremely familiar with. These men (and women) understand the concept that to be wealthy, time is the true metric of success after all, time really IS money!
So what is passive income?
To truly understand the concept we must first understand the definition of ‘income’. Income is literally where you are paid by a consumer or business a previously agreed amount upon completion of certain works. Most people are paid income through their job. The typical 9-5, 40 hour work week is the foundation of the American Dream. After hours worked, you could be paid salary, hourly or commission (obviously there can be a combination as well) the amount of which is previously agreed on by you and your employer.
Your earned wages face this huge dilemma. Your earning potential is capped by the aforementioned set salary! See a problem yet? Let’s look at an example of me from when I was younger.
I used to think if I wanted to make $100,000 a year in a 40 hour work week, I’d have to make $50 an hour and this was before taxes were taken out (40 hours a week, 50 weeks worked a year factoring in two weeks vacation). Boy was I in for a rude surprise! After all, how could I possibly make $50 an hour? My parents didn’t even make that much. After working for quite a while and realizing that there was no way possible for me to make $50 an hour, I started researching ways to make more money in my free time. After all, if I could just work more hours I could make more money right? WRONG! Every single person has, at one time or another, thought exactly this same way. But there’s still another problem. There’s only 168 hours in any given week and as Tony Robbins’ mentor Jim Rohn once said “If at the end of the week they ask you what you’re doing and you reply ‘Looking for more time’ they’ll come and take you away”.
Here’s Where It Really Gets Good
It took a while of crunching the numbers over and over again for me to realize that there has to be a better way. If I can’t make $50 an hour and I can’t have more time, I’ve got to create more with my time.
The first financial book I ever read (much like many before me) was Rich Dad Poor Dad by Robert Kiyosaki. In his book, Mr. Kiyosaki talks at length as to why his biological dad (poor dad) had a great job and decent spending habits could never get ahead. His dad viewed money as simply a way to buy what they wanted. Nothing wrong with this mindset at all. Billions of people think this exact same way and have for centuries. This is exactly why they continue to stay stagnate with respect to their financial growth.
Kiyosaki’s rich dad (friend’s father, first mentor) had different ideas. Rich dad viewed money as a bunch of helpers that could be put to work to continue to earn more money. What a thought!
How It Works
Let’s say you earned $20,000. To make it simple, let’s say your bills were $10,000 and your recreational expenses totaled $5,000. After all is said in done, what do you do with that extra $5,000? Most people from the older generation would say to save your money in a bank account or savings account (or if you’re like my grandfather, hide it in the coffee mugs above the sink (pick a better spot next time, old man)). What’s the problem? The average yield on a savings account in the U.S. is currently .04% meaning after a year your $5,000 would net a $2 return. While that is $2 more than you had, it’s definitely not getting us any closer to the net profits we want!
With that same $5,000 what if we earned just 8% annually? After 1 year, your total return would be $400 bringing the total up to $5,400. I never went to college a day in my life but I’m 100% positive that $5,400 is more than $5,002.
Wrapping It Up
You can and deserve to not work as hard for your money. Financial literacy is a topic that is not well understood by the common person and this is why the common person stays where they are financially. Passive income is the vehicle to financial freedom. This has been mostly an introduction to passive income but for 14 great ideas to generate passive income, check out this link —-> http://aciterar.com/83Kw