Passive Income Tips

I remember my grandma’s firsthand experience
about the time when she received a massive
retirement bonus from her job, upwards of
a quarter million dollars. And this was back
in 1995, so you recognize that cash was worth
a lot more than it is now. She was thrilled.
And then she became convinced to invest that
money in stocks. So, she did. All of it. Every
single penny was given to a corporation to take a position
in stocks. And guess what? Like a magic trick
from your favorite magician, before you know
it, that money went poof, it disappeared without
a trace. Needless to say, she was devastated.
But the good news is this book will help many
avoid making similar mistakes and hopefully,
this video will too.



Bear markets occur every three to five years.
And when that happens, the market declines
on average about 30% to 40%. During this time,
we panic, pessimism rises, and we begin to
fear that the market won’t ever recover.
But outside of all the doom and gloom, there
are a couple of who see this crash as a time for
us to invest more money at lesser costs. These
brilliant minds know that the crash is one
of the greatest opportunities in our lifetime
to move up the ladder.
You know why?
Because everything goes on sale when the economy
drops. While people and shop owners are caught
by surprise, completely unprepared and then
forced to sell their luxury homes, diamond
jewelry, and Lamborghinis at 50% off, you
and I are capitalizing on these real estate
and stock investments at incredibly low prices.
One of the greatest investors of the last
century said, “the best opportunities come
in times of maximum pessimism.” Tip number
one is “the best time for you to take a position
is during a crash.”
So, I started to realize that the greatest
danger to our financial health isn’t a market
crash; it’s being out of the market. And
since you can’t accurately predict the rise
and falls of the market, one among the foremost fundamental
rules for achieving long-term financial success
is that you get in the market and stay in
it for the long run.
But that begs the question; which stock investment
should you make?
Well, this book recommends a solution that
allows us to make money almost entirely on
autopilot. The solution is for you to buy
and hold on to each stock in an index such
as the S&P 500. This includes companies like
Apple, Google, Amazon, and Facebook, which
(by the way) are the four companies that are
in a race to become the first trillion-dollar
company.
Also, an index fund protects investors against
high transaction costs and taxes due to making
fewer trades. This is a strategy recommended
by Dalio, Swenson, Warren Buffett, and Jack
Bogle. Tip number two is “the safest and
securest investment you can make is on index
funds.”



Now let’s look at a great example from the
book. Imagine that two friends, Joe and Bob,
decide to invest $300 a month. Joe gets started
at age 19, keeps going for eight years, and
then stops adding to the present pot at age 27. In
all, he’s saved a total of $28,800. Joe’s
money then compounds at a rate of 10% a year
(which is roughly the rate of return of the
US stock market over the last century). By
the time he retires at age 65, how much does
he have? The answer is $1,863,287. His small
$28,800 investment has grown to nearly a two-million-dollar
investment.
Let’s look at his friend Bob. Bob gets off
to a slower start and begins investing the
same exact amount ($300 a month) at the age
27. He’s a disciplined guy and keeps on
investing $300 a month until he’s 65 – a
period of 39 years. His money also compounds
at 10% a year. The result? When he retires
at age 65, he’s sitting on a nest egg of
$1,589,733.
So, if we step back for a moment, we can see
that Bob invested a total of $140,000, which
is almost five times more than the $28,800
that Joe invested. Yet Joe has ended up with
an extra $273,554, even though Joe never invested
a dime after the age of 27!
Because Joe started earlier, the compound
interest he earns on his investment brings
way more value to his account. The point of
the story is that compound interest is a force
that can catapult you into a lifetime of total
financial freedom. Tip number three is “you
don’t need a lot of money to be wealthy;
you need time.”
Today’s winners are almost tomorrow’s
losers. Don’t let that be you. One of the
biggest mistake you can make when getting
into financial investments is relying on a
financial broker to manage your portfolio.
First and foremost, they are loyal to their
shareholders and the big money commissions
they make by putting you on expensive actively
managed funds. You might end up with additional
fees and taxes that will destroy your possibility
of generating a passive income stream.
Like the story about my grandma, these companies
are incentivized to create bigger profits
for themselves. This is a zero-sum game that
you don’t want to play. Give your trust
to someone qualified who has your best interest
in mind. Registered Investment Advisors, like
doctors and lawyers, have a fiduciary duty
and a legal obligation to act in your best
interest at all times. Tip number four is
“your financial broker will make you broker.”
The thing is numerous adults my age aren't
investing. According to the book, about 50%
of Millennials distrust the financial markets
and keep a great amount of their savings in
cash. If you want to be certain that you’ll
never lose your money in the financial markets,
then you can keep your savings in cash—but
then you’ll also never stand a chance of
achieving financial freedom through investing.



As Warren Buffet says, “We pay a high price
for certainty.” What he could have added
was that we also pay a high price for fear.
If you live in unwarranted fear, you’ve
lost the game before it even begins. How can
we achieve anything if we’re too scared
to take a risk?
You have to focus on what you can control,
not on what you can’t. When you become unshakeable,
you have unwavering confidence, even amidst
the storm. You are no longer trapped by circumstances
or by fear of the coming market crash. At
the same time, you don’t want to be too
confident. That can lead to making bad decisions
such as relying heavily on one stock (like
Apple) or trying to predict market corrections
and fluctuations. Remain clearheaded and use
logic over emotions. Act on the basis of knowledge.
Tip number 5 is “Don’t invest emotionally
in your financial investments.”
If you know someone who is not a financial
genius and may benefit from any of the five
tips in this blog, then please, share this

10 Legit Ways To Make Money And Passive Income Online

Did you know you can actually make money online?
yeah that’s right, and all you need is a
computer or phone with internet access.
So in this video, I’m going to show you
10 websites where you can actual start making
some side cash or if you are really serious,
some good Money! isn’t that amazing!
On some of these websites you can actually
make as much as a 100 dollars a day or even
more, and the best part is, you don’t
have to quit your 9 - 5 job, you can make this
money, working in your free time.
On the internet, there are two distinct ways of
making money.
The first way is active income.
With active income, its like your normal
9 -5 job.
You only get paid for the work you do.
If you do not work, you don’t make money,
as simple as that.
The second way is through passive income.
This is my favorite method because, with active
income, all you do is put in the work once,
and the money in theory should keep rolling
in, without you having to do any more work
other then maybe promoting what you have made,
or in some cases what other people have made.
So let’s get to the video.

1. upworks.com
Upworks is a website for freelancers.
 
With upworks you are making acvtive income.
businesses and individuals post services on upworks
that they would like to outsource such as
article writing, video editing, app development,
coding, there tons of jobs and
services being outsourced on upworks…
The beauty of all this is its low barrier
of entry, you just have to be good at something.
If there is something that you are good at
maybe graphic design or coding or just about
any skill, head over to upworks and
start making some Money.
Here's a tip if you are considering working
on upworks, have a robust profile that looks
good.
This will drastically increase your likelihood
of ever receiving job offers, from potential
clients.
Displaying your best work or highlighting
specific experience can and will help you
stand out.

2. YouTube.
Not a lot of people know this but, you can
actually make money with YouTube.
If you are considering getting into YouTube
to make money, make sure you understand one
thing clearly.
Thanks to the new rules, if you are planning
on starting a brand new channel from scratch,
you first have to reach the YouTube minimum
threshold to get monetized.
Which is you will need 4000 watch hours, and
1000 subscribers in the last 12 months.
Once you have reached that, you can get monetized,
how much can you make on YouTube?
Honestly as much as you want!
As long as you keep uploading good content
that people are willing to watch your golden, and the
longer the video the more money you can expect
to make… you can make anywhere from 1$ to
thousands even hundreds of thousands of dollars.
The more views you are getting, the more money
you can expect to make, and also you get more
subscribers!
With YouTube, what you are earning is passive
income, make a few videos and they should
keep making you money consistently.
You can also make money with YouTube through
paid sponsorships, but with paid sponsorships
you will need a large audience, usually a
minimum of 10k subs to do that.
You can also make money through affiliates,
but we will get to that later…

3. Amazon.
Although Jeff Bazos, did start off the company
selling books, amazon now sells almost anything
you can think of.
It’s not just a site for buying your favorite
toys though, you can actually make money with
amazon.
And here’s three ways you how…
The first way is Amazon Mturk – Mtruk is
kind of like upworks, it’s a place where
businesses outsource work that is too difficult
for a computer program to do. Such as audio
editing and transcribing, translating audio
and video from different languages, testing
webpages, writing reviews, and a whole lot
of other services.
You can make as much as $20, $30 an hour,
by working on a few different tasks.
This is a legit may of making money, and they
do pay.
This is active income though.
The second way is Amazon kindle publishing.
Turn your ideas into an eBook and make money
today.
Every time you buy an ebook from amazon, amazon
and the publisher make money, and you can
too.
The thing with kindle publishing is… you
first need a book to sell.
You can either write this book yourself or
you can hire someone to write it for you.
You don't have to be an established author,
or find a publishing company to do this.
You can actually do this from the comfort
of your home and start earning some passive
income.
Sounds awesome right? and the best part is,
it’s absolutely free, so sign up and start
making some money.
Amazon takes care of the money handling shenanigans…
and you can sit back relax on your couch,
while making some good old… passive income.
If you are really interested in kindle publishing,
I highly recommend you do more research on
this topic.
You can find free videos and tutorials right here
on YouTube that will teach you the basics.
If you want expert advice, you might have
to first pay for a course.
I will link a really good one in the description,
if you are interested.
Some people make over $100,000 publishing
Kindle e-books on Amazon.
It’s definitely a market to look into.
The third way is Amazon associates program.
This is a very popular and easy way of earning
passive income.
All you do is sign up to the amazon associates
program which is free, than you can pick from
thousands of stuff amazon sells on their website
and start promoting.
Amazon will give you a special link, and every
time someone buys through your link, amazon
will give you a commission anywhere from 5
– 10% of the sale.
Amazon will pay you 60 days after a purchase
and you can chose to be paid either through
amazon gift cards, wire transfer to a bank
account – although this is currently only
available in the US but if you live outside
America you can be paid via cheques, or you
can have the money transferred to your amazon
account and start buying stuff with it.

4. clickbank.
Clickbank is a marketplace for product creators
and affiliates to make money online buy selling
their courses or services to the world.
Clickbank only sells digital products, but
the beauty about clickbank is that the, commission
payout is so much higher than that of Amazon.
Some affiliates pay you as much as 75%, for
selling their services, while others pays
as low as 5%, so keep that in mind.
But with that said, you can make some really
good money on clickbank, hundreds or even
thousands of dollars.
Simply head over to clickbank, pick something
to sale and start making money.

5. flippa.com
flippa is the number one marketplace for buying
and selling online businesses.
It attracts a huge audience, and it offers
great tools to increase visibility, it’s
an auction site really much like eBay, for
those selling and buying digital assets, such
as websites, apps, domains, shopify stores
and amazon FBA accounts.
If you are good at making apps or even websites…
you can actually sell it online and make some
money.
Or better yet, if you have some money lying
around and you are interested in buying either
websites, apps, or ecommerce stores… that
are already making money, you can do so with
flippa.
What happens is, you place a bid, much like
eBay and if your bid is the highest, then
congratulations because you just bought yourself
an online business.
You can also make money by selling online
businesses.
So that’s flippa for you.

6. Shutter stock.
Basically shutter stock is a platform where
you can buy or sell digital media.
Such as pictures, music and video clips.
Mainly created by freelancers and third parties,
so if you might be particularly good at photography
taking amazing pictures and videos.
Or really good at making sick beats, you can
monetize your talent on shutter stock.
The way you make money with shutter stock
is every time some purchases one of your pictures,
you get paid a commission, usually a couple
cents to a few dollars, if you are lucky.
The trick to making a lot of money with shutter
stock is to consistently keep uploading high
quality images.

7. Rover.
Do you like pets?
Dog in particular?
If so, then you should probably check out
rover.
Rover is a dog sitting service, but this is
currently only available in the US and Canada.
So if you live in any of those two countries
then you can register as a dog sitter, and
get paid for babysitting dogs.
You can make anywhere between 80 - $100 a
night, just by watching someone’s dog!
You can literally make hundreds of dollars
a week by just babysitting someone’s pet.
Now how about that for a deal?!

8. Takelessons.com
Take lessons is a website where you can teach
any skill.
Everyone has a skill, that they can teach,
whether that might be, teaching someone a
language, how to cook, how to play a musical
instrument, how to solve complex math equations…
any so much more.
Anything that you think someone else might
not know, you can teach people on takelessons,
and start making money.

9. Fiverr.
You have probably heard of fivver mentioned
a lot of times, because it’s a simple and
easy site to start making money.
But if you haven’t, basically it’s a freelance
website where you can literally outsource
anything and I mean anything… as long as
its legal, for as little as $5
There are so many different ways to make money
on fiverr, just to name a few.
You can do animations, Logo Design, Packaging
Design, Web & Mobile Design, Social Media
Design, Photoshop Editing, Architecture & Floor
Planning, 3D Models & Product Design, T-Shirts
& Merchandising, SEO and so much more.
If there is anything that can be outsourced,
you can most likely find it on fiver.
Head over and check out fiverr guys, it a
legit of making money.

10. Drop shipping.
With drop shipping, what you are basically
doing is selling someone else stuff for a
small or large profit without having to deal
with the shipping.
So basically you are acting like a broker
or a middle man.
You can do this by opening up a shopify store
and then linking it up with oberlo.
Oberlo is basically an app that integrates
with shopify, and it is what a lot of people
use to source for stuff that they would like
to sell on their stores.
The basic principle of drop shipping is, you
create a store or any channel where people
can buy stuff from you.
Then once they buy something from you, you
pay the manufacturer, usually for a lot less
then what you got it for, and then have the
manufacturer ship it to the customer.
All without you ever seeing or touching the
product.
The best part of drop shipping is that you
set your own price of the product you want
to sell, then take the profits and pay the
manufacturer the rest.
So yeah that’s drop shipping in a nutshell.
If you are interested in drop shipping, there
are a ton of tutorial here on YouTube, that
will show you the step by step guide of creating
your store, finding products, advertising,
finding influencers, and finally shipping
and getting paid.
It’s a bit complicated to start, especially
in the beginning, but you can make a ton of
money… with drop shipping.