00:00in this video we're going over 12
00:01different ways that you can make passive
00:03income now these 12 sources for me
00:06personally generate anywhere from 25
00:08000 to 37 000 per week now just because
00:12you implement one of these sources of
00:13passive income don't expect to make that
00:15much right off the bat it's taken me
00:17nearly a decade to build up all of these
00:19income streams but let me tell you it
00:21has one hundred thousand percent been
00:23worth it trust me your future self will
00:26thank you if you set some of these
00:27passive income streams up that have the
00:30potential of paying you well into the
00:32future and I wish that I had a video
00:34just like this one when I was starting
00:35out building my passive income streams
00:37because I made so many mistakes I
00:39focused on the wrong things I can just
00:41straight up show you what works and I
00:43would have been able to implement all of
00:44these passive income streams so much
00:46faster instead of learning through trial
00:48and error So within this video we're
00:50going to be ranking these passive income
00:51streams on a scale of one to ten and
00:54it's going to be based on how easy they
00:55are to set up how passive they are and
00:58then how easy it is to make make money
01:00and I'm also going to be revealing just
01:02how much I personally make from each of
01:04these passive income sources now let's
01:07first Define what I mean by passive
01:09income for the purpose of this video now
01:11to some people making passive income
01:13means literally not having to do any
01:15work whatsoever but for the purpose of
01:17this video I'm defining passive income
01:19as income that you make that you didn't
01:22trade your time for because you see with
01:24most traditional nine to five jobs you
01:26trade your time for money and the second
01:28you quit that job you stop receiving the
01:30same amount of money for that job in
01:32most cases whereas with the methods that
01:34I'm about to reveal to you today you do
01:36the work once and you set up some of
01:38these passive income streams and they
01:40have the potential of paying you for
01:42years and years into the future in fact
01:44I set up some of these streams of income
01:45when I was just 14 years old and that
01:47literally still pay me every single
01:49month to this day so this way it
01:52literally doesn't matter if you're
01:53sleeping watching YouTube videos
01:54traveling or doing literally whatever
01:56you want with the money that you're
01:58making within your life and these
02:00passive income streams can continue to
02:02make you money but it does mean that you
02:04do have to do the work once to set these
02:06up for your future self but like I said
02:08I truly believe that you will be happy
02:10that you did now the way that this is
02:12going to work is going to be different
02:13than other videos that you may have seen
02:15out there on these topics that talk
02:16about all these different ways of making
02:18money go to these websites do these
02:20things fill out these surveys I'm not
02:21going to be talking about any of that
02:23within today's video within this video
02:25I'm going to be showing you how to
02:26leverage technology to provide real
02:29value to people because that's the real
02:31way of making money online in my opinion
02:33I don't want to show you how to make a
02:34couple cents with a survey because while
02:36you might make a little bit of money
02:38it's not going to bring you that lasting
02:39money that most people are actually
02:41looking for and that comes by providing
02:43value also don't listen to some of those
02:45spam comments that you may see below
02:47this video right here saying to send the
02:49money for crypto or get rich quick
02:51schemes trust me those things do not
02:52work and I highly do not recommend
02:54wasting your time with them but that
02:56being said guys it is way easier today
02:58to make money online and create passive
03:00income streams than it was 10 15 20
03:02years ago because we can leverage
03:04technology to provide value to people at
03:07all times throughout the day so it
03:08doesn't matter what we're doing with our
03:10time and we can potentially make money
03:12while we're sleeping and I'm not just
03:13saying this guys this is coming from
03:15someone who actually does this who earns
03:1625 to 37 000 per week it sounds crazy
03:20even saying that but I'm about to prove
03:22it to you and let's get into these
03:23methods passive income stream number one
03:25is by running YouTube channels now
03:28there's two main ways of running YouTube
03:29channels and one of these methods is
03:31probably a lot different than you're
03:33currently thinking and the two methods
03:35are personal channels and faceless Niche
03:38channels now I personally run over a
03:40dozen different YouTube channels most of
03:42which are those faceless Niche YouTube
03:44channels and at this point you're
03:45probably asking Matt what are faceless
03:47Niche YouTube channels now faceless
03:49channels can be absolutely amazing if
03:51you're an introvert like I am you don't
03:53want to get in front of a camera and
03:54film videos and you can scale
03:55potentially to running as many channels
03:57as you want without ever having to
03:59potentially even create the videos but I
04:02did end up overcoming my fear I started
04:04a personal Channel as well which you're
04:05watching right now and those can be
04:06really good to provide even additional
04:08value to people and you can build more
04:10trust if you ever want to sell something
04:12with your channel now chances are you've
04:14probably watched YouTube channels that
04:15don't ever even show their face but you
04:17probably didn't know that they could be
04:19making a lot of money and I'm going to
04:21get into how to do that but first of all
04:22let me give you some of the best niches
04:24to make money on YouTube in which
04:26include anything related to wealth
04:29happiness relationships technology and
04:31travel and I also have a video on my
04:33channel where I go over what are in my
04:35opinion the absolute best 24 niches to
04:38make money on YouTube without ever even
04:40showing your face and you can watch that
04:41video later if you want to do this
04:43method you might be asking Matt how is
04:45running YouTube channels passive don't
04:47you have to make the videos for these
04:49channels well YouTube is passive in the
04:51sense that you make the videos once and
04:53that video can continue to get views and
04:55pay you for years and years into the
04:57future I literally have videos that I
04:59upload seven years ago that still pay me
05:02monthly income to this day and I
05:04personally don't know any other social
05:06media platform like this and I
05:08absolutely love YouTube now you might be
05:10asking Matt how do I make money with
05:11YouTube well there's a couple different
05:13ways of doing it and one of the most
05:14common is that once you get 4 000 hours
05:16of watch time and a thousand subscribers
05:18which can happen a lot faster than you
05:20probably think if you implement the
05:22right growth tactics then you can put
05:23ads on your videos and then YouTube will
05:25pay you percentage every single time
05:27someone views One of Those ads which is
05:29also known as a monetized playback you
05:31can also monetize your YouTube channels
05:33by selling your own course or selling
05:34affiliate products and speaking of
05:36selling a course I sell a course through
05:38this channel called tube Mastery
05:39monetization where I teach people how to
05:41grow on YouTube and it includes
05:43checklists templates and literally
05:45everything you need to succeed on
05:46YouTube so not only do I make ad revenue
05:49from this channel that you're watching
05:50right here but I also have that
05:52additional stream from the course
05:53revenue and if YouTube is something that
05:55you want to do literally my entire
05:57channel is based on just that and I'll
05:58show you exactly how to do it and now
06:00it's time to rank this passive income
06:02stream for ease of setting up running
06:04YouTube channels gets a 7 out of 10.
06:06it's super easy to start a YouTube
06:08channel anybody can do it but it does
06:10take a little bit of work to make sure
06:11you set up and optimize it correctly and
06:13for how passive YouTube is I actually
06:15give it an 8 out of 10. and that's
06:17because videos on this platform have
06:19what I would consider a very long
06:21Half-Life and I have videos that I
06:23uploaded in 2014 that still make me
06:25money today but in order to keep things
06:27running at a super high level it is
06:29recommended that you upload regularly on
06:31YouTube but as you grow and as your
06:33success grows you can Outsource a lot of
06:35the things that you don't personally
06:37enjoy doing for how easy it is to make
06:39money YouTube gets an 8 out of 10 and
06:41that's because there's so many ways of
06:43monetizing YouTube if you think about it
06:44YouTube has that built-in ad Revenue
06:46monetization so you can make money
06:48through that method but also you're
06:50getting all these targeted viewers in
06:52whatever Niche that you happen to be in
06:53and you can monetize in so many
06:55different ways from that but it does
06:56take some time to get things going in
06:58the first place so we took two points
07:00off of that and that brings our grand
07:01total score for running YouTube channels
07:03to 7.7 out of 10. now I make around
07:07thirty thousand dollars a month from
07:08YouTube from ad Revenue alone and then
07:10we add an additional over one hundred
07:12thousand dollars per month through
07:13multiple different monetization sources
07:16which we're gonna get into in just a
07:18second passive income Source number two
07:19is affiliate marketing this is where you
07:22promote someone else's product and you
07:24get a commission for every sale that you
07:26get some good affiliate marketplaces
07:28include websites like digistore24.com
07:31clickbank.com the Amazon affiliate
07:33program and another way to find great
07:35affiliate programs is to track if
07:37different YouTubers within the niche
07:38that you'd like to promote a program in
07:40sell a course or anything else and then
07:42see if they have an affiliate program
07:43for down in the footer of their website
07:45now the best type of product to be an
07:47affiliate for in my opinion are products
07:50that can sell for a lot have high
07:52margins and have high payouts and the
07:54type of product that meets all three of
07:56these criteria are digital products and
07:58especially online courses for example if
08:01you promote my program tube Mastery
08:03monetization I give you 50 of every sale
08:06that you get and we sell that program
08:07for a thousand dollars so you make five
08:09hundred dollars for every sale that you
08:10get you don't just have to promote my
08:12program though you can promote literally
08:14anything you're interested in if you
08:15have an interest in a certain hobby
08:16something that's personally helped you
08:18check if there's an affiliate program
08:20for something related to that to
08:22potentially sell now let's talk about
08:24the traffic sources for promoting
08:25affiliate products first of all you have
08:27free traffic sources like YouTube which
08:29has a special place in my heart due to
08:31having made millions of dollars from
08:33YouTube so I highly recommend YouTube
08:34the videos can last for a long time and
08:36continue to get views sometimes even if
08:38you don't upload on a channel which is
08:40why I love YouTube so much and you also
08:42have traffic sources like running blogs
08:44running Instagram accounts and paid
08:45traffic sources include YouTube ads
08:47Instagram ads and Facebook ads and also
08:50a really overlooked traffic source is
08:52running Instagram shout outs this is
08:54where you go on Instagram accounts
08:56within your Niche and you message them
08:58ask them if you can buy a shout out out
08:59on their page and then ask to put your
09:01affiliate Link at their Link in BIO or
09:03in their story swipe ups and you can
09:05potentially make money that way and I
09:07personally have spent hundreds of
09:08thousands of dollars on Instagram shout
09:10outs but when it comes to traffic
09:11sources do not over complicate it don't
09:13try to do everything at once just pick
09:15one good decent traffic source and go
09:18all in on it and trust me you will be
09:19way happier than if you try to spread
09:21yourself thin with all of them now let's
09:23rank this passive income stream for ease
09:26of setting up this one gives a 5 out of
09:2810 because it does take some work to
09:30find a good traffic source and a good
09:31product that actually helps people and
09:33provides value to make sure that you can
09:35actually get sales for how passive it is
09:37this one gets a 6 out of ten and the
09:39passiveness really depends on the
09:40traffic Source you know if you do
09:42YouTube that can be super passive but if
09:44you do a different traffic Source it can
09:46take a lot of work to keep that going
09:47like if you have to post 10 tick tocks a
09:49day or something to keep getting the
09:51same amount of views for how easy it is
09:52to make money affiliate marketing gets
09:54an 8 out of 10 because you don't have to
09:56make your own product you can literally
09:58go and promote somebody else's this
09:59product that they've already done but
10:01you do have to split a little bit of the
10:02money with them so we knocked off two
10:04points for that now currently I
10:05personally make around five to ten
10:07thousand dollars a month through
10:08affiliate marketing for example I
10:10promote a software called vid IQ that
10:12helps people optimize their YouTube
10:13videos do keyword research and
10:15everything else and what's awesome about
10:16promoting a software is that once
10:18somebody signs up and they stay
10:19subscribed to that software month over
10:21month you can potentially get a paycheck
10:23from that software every month which
10:25means that you can make what's called
10:26recurring Revenue that has the potential
10:28to keep coming in which can even make
10:30this more passive passive income Source
10:32number three is online courses now
10:35online courses are simply a collection
10:37of videos teaching a specific subject
10:39now by no means do you have to be some
10:42super expert on a topic in order to
10:44teach it you literally just need to know
10:46one percent more than most people on a
10:48given topic and you can teach how you
10:49got to the point that you did with it
10:51and I would just ask yourself do people
10:53ever come up to you and they ask hey how
10:55did you do this or that and if this is
10:57something that can provide a lot of
10:58value to people you can potentially
10:59teach them how to do it and for example
11:01I teach a course about how to grow on
11:04YouTube and by no means am I the biggest
11:06YouTuber in the world even though I've
11:07gotten some success got a millions of
11:09subscribers and everything else but I
11:11know a bit more than most people on this
11:13subject so I can teach them how to get
11:14to my point and hopefully even surpass
11:16me now I use kajabi for hosting my
11:19online courses and for email marketing I
11:21use click funnels for the sales pages I
11:23use a website called ever webinar to run
11:25automated webinars that can sell your
11:27course at all hours of the day so you
11:29don't have to keep doing webinars to
11:30sell your course and then I just put a
11:32link in all of my YouTube videos to both
11:34my course as well as the Evergreen
11:36webinar we use Digi store 24 for payment
11:38processing and it also lets you connect
11:40with a huge Marketplace of Affiliates
11:42who can promote your products for you
11:44and if you're just getting started you
11:45don't have to buy any of these fancy
11:47expensive software that I personally use
11:49right now you can start with something
11:50way cheaper like a teachable or even put
11:53it on udemy and let them promote your
11:54course for you and start getting some
11:56sales that way but I wouldn't recommend
11:58doing that long term since you me takes
12:00half of your core sales now to make the
12:02absolute most with selling courses I
12:03recommend combining this monetization
12:05source with the absolute best traffic
12:07Source known to man which is running
12:09YouTube channels combine these and it's
12:10like a match made in heaven and you can
12:12potentially make a lot of money now
12:14online courses are passive because you
12:16make the Course once and then you can
12:17sell that course as many times as you
12:19want into the future and I like to think
12:22of it as I have numerous clones of
12:23myself out there teaching people how to
12:25grow on YouTube even if I'm sleeping
12:27even if I'm sitting on the beach no
12:28matter what I'm doing I have what I like
12:30to consider digital clones of myself
12:32teaching people how to do YouTube and
12:34that's because at any given time of the
12:36day multiple people are likely going
12:38through my course and my programs and
12:40definitely my YouTube videos and that's
12:41what these passive income sources are
12:43about using leverage and Technology to
12:45your advantage now it's time to rank
12:47this passive income stream for ease of
12:49setting up this one only gets a 3 out of
12:5110 and that's because it does take a lot
12:54of work in the beginning to create an
12:56online course it's so worth it once you
12:58do but it does take some some time to
13:00actually make a good one I spent months
13:02and months creating my online course but
13:03if you break it down most courses are
13:05like 30 videos long and if you just make
13:07one video a day for an entire month for
13:09your course boom you have a course that
13:10you can sell forever into the future and
13:13trust me it's so worth it now for how
13:15passive selling online courses is it
13:16gets a 9 out of ten it's super passive
13:19you make the Course once you can sell it
13:20as many times as you want but I took off
13:22a point from the passiveness due to the
13:24fact that sometimes especially in the
13:26beginning before you hire a support
13:27person or anything you do have to do the
13:29support for the course and help with it
13:31and everything like that and I
13:32personally even to this day still answer
13:34questions every single day within my
13:37private Facebook group for the course
13:38and for how easy it is to make money
13:40selling courses gets a 9 out of 10. as
13:43long as you're in a decent Niche that
13:44people are actually interested in
13:45related to health wealth or happiness
13:47you'll likely be able to do pretty well
13:49with selling your course because people
13:51want to learn from people who they
13:53resonate with so if your program
13:54actually solves a real problem people
13:56have you'll have no trouble selling it
13:58now trust me I know this sound sounds
13:59crazy coming from a 22 year old but I
14:01personally at this point make over a
14:03hundred thousand dollars a month selling
14:05my online course and I'm not saying this
14:07to brag by any means in fact I know a
14:09lot of people won't even believe this
14:10and I'm really just saying this to
14:11inspire that one person out there who's
14:13thinking about doing an online course
14:14who's thinking about implementing one of
14:16these passive income streams to just
14:18give yourself the permission go ahead
14:19and do it even if it's not the best in
14:21the beginning you'll get better over
14:22time and trust me it's so worth it and
14:25your future self will thank you down the
14:27line and if we break down the math with
14:28big Revenue numbers like this that might
14:30sound crazy upon first glance a hundred
14:33thousand hours a month that's literally
14:34just 100 sales per month with a one
14:37thousand dollar course and if you manage
14:38to get a thousand sales that's a million
14:40dollars and if you grow a YouTube
14:41channel the right way you can definitely
14:43get hundreds of thousands of views per
14:44month even if just a tiny percentage of
14:47those people buy your course and even if
14:48you're not very good at selling it
14:49you'll likely do a pretty good job
14:51passive income Source number four is
14:53selling digital products now digital
14:56products are an amazing way to make
14:57money online because number one you can
14:59make them without much upfront cost
15:01they're almost pure profit and the
15:03profit margins can be super high you
15:05don't have to store any type of
15:06inventory like you do with most
15:08e-commerce stuff and customers get their
15:10digital products delivered to them
15:11instantly now some digital product ideas
15:13to think about include ebooks PDF
15:15downloads membership sites stock footage
15:18and pictures audio books Graphics
15:20website themes templates and writing
15:23packs if you want to see a list of a
15:25bunch of digital products that you can
15:26potentially sell feel free to check out
15:28the video that I did on it on my channel
15:30and you can host your digital products
15:31and sell them from websites like gumroad
15:34and also feel free to check out gumroad
15:36yourself for tons of examples of digital
15:38products that are sold now for ranking
15:40this passive income stream for ease of
15:41setting up this one gets a 7 out of 10
15:43because it really depends how complex
15:45the digital product you're creating is
15:47but if you make something like an ebook
15:49you can easily make that within a couple
15:50hours and it doesn't have to be super
15:52long and complex it can literally be a
15:54couple dozen good pages that actually
15:55provide value to people for how passive
15:57it is this one gets a 9 out of of 10 and
16:00for how easy it is to make money this
16:01one gets a 7 out of 10. passive income
16:03Source number five is blogging now if
16:06you're more writing inclined you don't
16:07have to run YouTube channels you can
16:09just run a Blog if you want where you
16:10provide value to people in the form of
16:12the blog posts that you create and once
16:14you post a blog post you can potentially
16:16get paid for it for years into the
16:17future just like all these other passive
16:19income sources you can think about every
16:21article that you're writing as a seed
16:23that you plant that can pay you in the
16:24future now the way that people will
16:26typically find your blog is through
16:27search results with search engines like
16:29Google you can use websites like
16:31ubersuggest to find good keywords to
16:33write about and the way that you can
16:34make money doing this is by putting ads
16:36on your blog you can also use this
16:37traffic to promote any affiliate
16:39products that you want or even your own
16:40course now quick tip to make the
16:42absolute most amount of money blogging
16:44is I would take those blog articles that
16:46you write and then also transform them
16:48into YouTube videos by rewriting them
16:49for YouTube and then hiring someone to
16:51do the voiceover and make the videos for
16:53you and this in turn can plant seeds on
16:55a whole nother income source that can
16:56come to fruition and provide you income
16:58as well now now the best blogging
17:00platform in my opinion is WordPress just
17:02because of how easy it is to set up and
17:04you can use the theme like the Astra
17:05theme which is what I use for my website
17:07mappar.com for the hosting you can use
17:09something easy like wpx hosting and for
17:11SEO optimization you can install a
17:13plugin like yoast now it's time to rank
17:15this passive income stream for ease of
17:17setting up this one gets a 4 out of 10.
17:19despite WordPress being way easier than
17:21coding your website yourself it can take
17:24a little bit of time to figure it out it
17:25probably will mean watching a couple
17:27YouTube videos to figure it out in the
17:28beginning or you can just be lazy like I
17:30did and hire someone off of upwork for
17:32300 to make your website for you for how
17:34passive it is this one gets an 8 out of
17:3610 you write your blog article once can
17:38pay forever into the future pretty
17:39passive there now for how easy it is to
17:41make money this one only gets a 6 out of
17:4310 because there's a lot of blog
17:45articles out there on the internet and
17:47it can take a little bit of a backlog of
17:48Articles to start actually making money
17:51with this method now I make anywhere
17:52from five to fifteen thousand dollars
17:54per month from my website at mapar.com
17:57and that's not through ad revenue or
17:58anything like that that's just from
17:59people going there reading my blog
18:01checking it out and buying my course
18:03passive income Source number six is
18:05automating an online business there's so
18:08many different online businesses that
18:09you can start including Amazon FBA Drop
18:11Shipping e-commerce Etsy and being a
18:14social media marketing agency and they
18:16probably all say that their method is
18:17the absolute best but the truth is
18:19literally any of these business ideas
18:21can work amazingly but the key is
18:23staying consistent with one of these
18:25businesses now once you have a business
18:27idea that's working you can hire other
18:29people to manage most of the business
18:31for you but the key word there is having
18:33a business that's working now you might
18:35be saying Matt what if I don't have a
18:37business that's working right now you
18:38can potentially buy one in fact there's
18:40websites like Flippa motion invest and
18:43Empire flippers that have websites that
18:45you can pay for that are already making
18:47some money and you can reinvest some of
18:49that money into hiring other people to
18:51manage them for you and then make pretty
18:53passive income from that they might be
18:55asking Matt where do I hire people I
18:57recommend hiring people from upwork.com
18:59that's where I hire all the people to
19:01help me run my dozen or so YouTube
19:03channels and I personally use a tool
19:05called Trello to keep track of the
19:06production workflow for those channels
19:08but you can also use it to manage any
19:10type of business now it's time to rank
19:12this passive income stream for ease of
19:13setting up this one only gets a 2 out of
19:1610. and that's because it can be hard to
19:18find the right people to hire to manage
19:19your business you might go through a
19:21couple bad ones in the beginning and
19:22that's totally normal unless of course
19:24that is you have done for you templates
19:26for hiring people like I give you within
19:28tube Mastery but that's just for YouTube
19:29for how passive this is this gets a six
19:32out of ten you still have to manage the
19:33people to make sure they're running your
19:35businesses correctly you can hire
19:36managers but at a certain point somebody
19:38even has to manage the managers for how
19:41easy this is to make money it gets an 8
19:42out of 10 and that's because we're
19:44starting from the premise that you
19:45already have something that's making
19:47money or you go out there and buy
19:48something that's already making money
19:50and then you can automate it to a degree
19:51by hiring other people passive income
19:53Source number seven is selling stock
19:55photos and videos now this was actually
19:58one of my first SCI side hustles when I
20:00was a kid and believe it or not I
20:01actually made a couple hundred dollars
20:03doing this and I did not have the best
20:05equipment or gear in the world I
20:07literally had just like a super crappy
20:08camera and I filmed things in my
20:10hometown that most people were probably
20:12not interested in buying but I did take
20:14a couple videos of my dog at the time
20:16and a couple people actually bought them
20:18now if I did this today I would
20:19definitely get better camera gear and
20:21maybe even something like a drone so I
20:22could get aerial shots that most other
20:24people couldn't get and I'd also focus
20:26on shooting videos and pictures that
20:28people actually want I would ask myself
20:30if I'm filming a documentary or a video
20:32or something what type of stock footage
20:34would I be looking for for that and then
20:36reverse engineer and go out there and
20:38film it this is pretty passive because
20:39you can film the videos once and sell
20:41the rights to them forever into the
20:43future and you can sell stock assets on
20:45websites like pond5 dreams time and
20:47Shutterstock now let's rank this Stream
20:49So for the ease of setting up this gets
20:52a 7 out of 10. you do need a camera to
20:54do this but you can start even if you
20:56have nothing with a phone because most
20:58phones have good cameras nowadays for
21:00how passive this is it gets a 9 out of
21:0210 and for how easy it is to make money
21:04this one only gets a 3 out of ten and
21:06that's because you typically need a
21:07pretty big backlog of stock assets
21:10before you start getting some consistent
21:12sales passive income idea number eight
21:14is software now software can be super
21:16passive because people typically pay
21:18monthly for it and you can make what is
21:20known as monthly recurring revenue or
21:22mrr and you can hire people from upwork
21:25to make a software for you or you can
21:27make one yourself if you know how to do
21:28it but you need to make sure that your
21:30software solves a problem that people
21:32actually have for example I had a
21:34problem for getting subscriptions that I
21:36signed up for that I kept getting
21:37charged for month after month and I
21:39looked everywhere for a good solution
21:41until I came across a website called
21:43track my Subs now this is a very simple
21:45software that literally just keeps track
21:47of all of your subscriptions and when
21:49they renew and I'm so happy to pay for
21:51this every single month because I'll
21:53never forget about a software
21:54subscription again and one of the
21:56awesome things about software businesses
21:57is that they can sell for huge multiples
22:00compared to other types of businesses
22:02online now let's talk about ranking this
22:04stream for ease of setting up making a
22:06software only gets a one out of 10 and
22:09that's just because it takes a lot of
22:10work to build a software or a lot of
22:12money in some cases hundreds of
22:14thousands of dollars to build a good one
22:16but once you do it can be very
22:17profitable for how passive it is it gets
22:19a 9 out of 10 in most cases software
22:22gets delivered automatically and then
22:23you just hire someone to do support and
22:25update it and for how easy it is to make
22:27money it gets a 6 out of 10 and that's
22:29because it's so variable depending on
22:31the software that you're building you
22:32want to make sure that it actually
22:33solves a problem passive income Source
22:36number nine is a high yield savings
22:38account now once you start making money
22:40with any of these passive income sources
22:42you're going to need a place to store it
22:43now I'm not a financial advisor or
22:45anything but I personally like to store
22:476 to 12 months of living expenses in a
22:50high yield savings account and you can
22:52go to websites like Bankrate or nerd
22:54wallet to see what the best current
22:55interest rates or yields are and
22:57currently you can get about three
22:58percent an interest in the United States
23:00but depending on where you live in the
23:01world or what country you're in it could
23:03be higher or lower and I personally make
23:04around 500 a month from my high yield
23:07savings accounts for ease of setting up
23:08this one gets a 9 out of ten you
23:10literally just go to the bank and apply
23:12or in some cases you can just apply
23:13online for how passive it is this one
23:15gets a 10 out of 10 because once you
23:17deposit the money you literally do
23:18nothing now for how easy it is to make
23:20money this one only gets a 2 out of 10
23:23because you typically have to have a lot
23:24of money built up to make any decent
23:26amount of passive income from this also
23:28the rates go up and down they're not
23:30usually this high so you have to deal
23:31with that as well but it's a heck of a
23:33lot better than letting your money sit
23:34in a checking account and literally do
23:36nothing for you passive income idea
23:38number 10 are rental properties now this
23:41can be good if you already own a house
23:43you can potentially rent it out and then
23:45rent somewhere cheaper to live and in
23:47some circumstances you can even make so
23:49much for renting out your house that you
23:50can pay for some if not all of your rent
23:52now some options for renting out your
23:53house or doing vacation rentals for
23:55something like Airbnb or just doing an
23:57annual lease you can also invest in
23:59rental properties and real estate in
24:01general by investing in a real estate
24:03ETF or REITs or something known as REITs
24:06you can also just think about renting a
24:07spare room on Airbnb that you already
24:09have within your house for ease of
24:11setting up this one gets a 4 out of 10
24:13and that's because you have to actually
24:14get your house ready to rent out and in
24:16some circumstances you might even want
24:18to get a property manager to manage the
24:19house and the tenants for you now for
24:21how passive this is it gets a 6 out of
24:2310 because even if you get a property
24:25management company you still have to
24:26usually approve expenses manage cash
24:28flow and everything else so it still
24:30will take a little bit of work now for
24:31how easy this is to make money it gets a
24:334 out of 10 because you do have to
24:35usually buy a house which can typically
24:36be very expensive and you typically need
24:39a bunch of units rented out to make
24:40decent money which of course means
24:42spending a lot of money to acquire them
24:43and also this highly depends on the
24:45market passive income Source number 11
24:47is investing in stocks and ETFs now you
24:50might be asking Matt I thought this was
24:51about providing value how do you provide
24:53value if you're just investing in stocks
24:55now the way we do that is that we
24:57provide Capital to a given and company
24:59that they can theoretically use to make
25:01their company better and bigger and in
25:03return we get to own a tiny slice of
25:05that company and if you have money
25:06sitting in a checking account or a
25:08savings account it's probably not doing
25:10very much for you currently now I'm not
25:11a financial advisor and this is not
25:13Financial advice but I personally do is
25:15invest in what are called index funds
25:18and these are essentially funds that
25:19invest in a bunch of different companies
25:21for you so you spread and diversify your
25:24investment across a bunch of good
25:25companies and these can be funds like Vu
25:27schb and vti which all monitor one of
25:30the biggest indexes in the world which
25:32is known as the S P 500 which is
25:35essentially the 500 biggest companies in
25:37America and the different companies and
25:39the rankings shift around but by
25:40investing in the S P 500 you essentially
25:42invest in the top 500 biggest companies
25:45in the country but wherever you live in
25:47the world there's probably different
25:48ETFs or index funds or the equivalent
25:50that you can potentially invest in
25:51within your country and there's even
25:53international funds that you can invest
25:55with as well now there's a popular
25:56movement going on right now known as as
25:58the fire movement which stands for
26:00financial Independence to retire early
26:03and these people essentially want to
26:04invest enough so that they can pull out
26:06around three to four percent a year from
26:08their Investments and then live
26:09passively on them for perpetuity into
26:12the future and the theory is that your
26:13Investments would outpace inflation and
26:16your living expenses if they perform
26:17like they did historically now to get
26:19started with investing in stocks or ETFs
26:22I would personally just recommend
26:23starting a little bit smaller and trying
26:25to pick one expense that you currently
26:27have and then using ETFs to pay for it
26:30let's say for example you have an
26:31expense like I do which is YouTube
26:33premium and let's say we pay 12 dollars
26:35per month for it in order to pay for
26:37that expense using your Investments and
26:39using the three percent rule all you
26:41simply have to do is multiply twelve
26:43dollars times 12 which is 144 dollars
26:45per year that you're spending on YouTube
26:47premium and then what you do is you
26:48multiply this by 33 and this equals four
26:51thousand seven hundred and fifty two
26:52dollars so as long as you invest that
26:54amount and you pull out just that three
26:56percent a year to cover your YouTube
26:57premium membership ship you could
26:59potentially be able to pay for your
27:00YouTube premium membership indefinitely
27:02given the historical performance of an
27:05index like the S P 500 now a great
27:07article that I recommend reading is
27:09called the shockingly simple math to
27:11early retirement and it basically just
27:13breaks down the percentage of income
27:14that you'd have to earn compared to your
27:16spending to retire early now it's time
27:18to rank this passive income stream for
27:20ease of setting up ETF investing gets a
27:2210 out of 10 is super easy you can sign
27:24up with any brokerage out there like
27:26Charles Schwab Robinhood or M1 Finance
27:28you can also just look up best brokerage
27:30for insert your country now for how
27:32passive it is this also gets a 10 out of
27:3410 because once you invest the money you
27:36literally don't have to do anything
27:37except for occasionally rebalancing if
27:39you want to and for how easy it is to
27:41make money this only gets a one out of
27:43ten because you typically have to invest
27:45a lot to have the potential of making
27:47any sizable amount back now as for how
27:49much I make with Stock Investing the
27:51only money that I currently make right
27:53now is through dividends that pay me out
27:54and I'm going to go over that in just a
27:56second and that's because I'm not
27:57manually with drawing anything from my
27:59brokerage accounts right now because I
28:01want to keep my money invested at least
28:03for several decades before I potentially
28:05start drawing some out and retiring
28:06passive income Source number 12 is
28:09investing in dividend stocks and by
28:11investing in dividend stocks or ETFs
28:13like schd you typically get a higher
28:16payout than normal ETFs that just track
28:18the market because it's invested in
28:21dividend focused companies now what is a
28:23dividend a dividend is simply a small
28:25amount of money that a company pays
28:27regularly to their shareholders and
28:29dividend investing has pros and cons one
28:31of the pros of dividend investing is
28:33more reliable income that you can easily
28:35calculate for example let's say you
28:37invest ten thousand dollars in a company
28:39with a dividend yield of four percent
28:41then you would make around 400 a year
28:43from that dividend or 33 dollars per
28:46month and one of the cons of dividend
28:47investing are that you have to typically
28:49pay taxes in those forced dividend
28:51payouts and also many of the Investments
28:54aren't as focused on growth and they're
28:56more focused on just dividend companies
28:57so in 3 Theory it may not grow as much
29:00as more growth focused portfolios now
29:02dividend funds can be really useful
29:04especially when you want to retire or
29:06just have a more dependable source of
29:08income that you know you're going to get
29:10especially if you're close to retirement
29:11you know how much your lifestyle costs
29:13every month you can calculate out based
29:15on the dividend yield of a certain ETF
29:17how much you would need invested to make
29:18that amount now dividend yields can and
29:21do change so I would only invest in a
29:23dividend ETF that's invested in a bunch
29:26of different dividend paid companies now
29:28let's say our lifestyle costs fifty
29:29thousand dollars per year all we have to
29:31do is take this number and divide it by
29:33the dividend yield percentage of a
29:35certain ETF or company let's call it
29:37four percent then you would need 1.25
29:40million dollars invested in a dividend
29:42focused portfolio getting that dividend
29:44yield to potentially live off those
29:46dividends indefinitely and that's
29:47without even ever touching the initial
29:49investment now I personally mainly only
29:52focus on Index Fund investing right now
29:54but many of the indexes I do invest in
29:56like schb do pay out dividends and I
29:59make around 250 dollars per month from
30:01them currently now let's rank this
30:02passive income stream for ease of
30:04setting up against 10 out of 10. feel
30:05free to use any brokerage account but I
30:07would make sure there's some type of
30:08sipc insurance if you're in the US for
30:11how passive it is dividend investing
30:12gets a 10 and for how easy it is to make
30:14money it gets a 2 out of 10. and now
30:16it's time to reveal the totals of each
30:19of these different passive income
30:20sources based on the rankings that we
30:22went through in this video I'm gonna put
30:24it up on the screen in three two one
30:27here are all the totals of the different
30:29passive income streams hope you got
30:31value from that feel free to go back if
30:32you're looking for a good potential
30:33passive income stream this video and
30:35these rankings can hopefully help you
30:37now here's what I would personally do I
30:39would run YouTube channels and then use
30:40those channels to promote affiliate
30:42products or my own course and then I
30:44would take my video scripts and rewrite
30:46them as blog posts for another stream of
30:48income and then I would invest the money
30:50that I make from that into a mix of a
30:52high yield savings account as well as
30:53different ETFs and then I would use some
30:55of the other money that I make from it
30:57to reinvest into growing in the business
30:58now check out this video to discover how
31:01to make money on YouTube without making
31:03videos now at this point you might be
31:04saying Matt I'm ready let's start some
31:06YouTube channels let's scale them up and
31:08if that's the case check out this video
31:09right here next to me I'll show you
31:11exactly step by step how do you start
31:13and scale faceless YouTube channels but
31:15really you can grow any type of YouTube
31:16channel with this knowledge check it out
31:18hope you got value and I'll see you
