00:00in the past month I've made around
00:02$150,000 from what I would consider to
00:04be mostly passive income sources and I
00:08say that because I honestly haven't
00:10worked that much in the past month I've
00:12been traveling a lot I got sick as well
00:14and I'm just recovering from that right
00:16now so I haven't had much time to devote
00:18to actually working yet how have I been
00:20able to make what for many people is a
00:23full-time salary in just the past 30
00:26days now the only reason I've been able
00:28to do this is due to the fact that I've
00:30been building up these passive income
00:31sources over the past decade now you
00:34might be saying decade this kid looks
00:36really young but I started my online
00:37Journey when I was just 13 years old and
00:40now I'm 23 and I'm so incredibly
00:42grateful for what my past self has done
00:44to be able to put me in a position of
00:46financial Independence at an incredibly
00:49young age and these passive income
00:50sources did take some work in the
00:52beginning for me to build them up so
00:54they're not entirely passive straight
00:56from the beginning a couple of them are
00:58but most of them aren't they are going
00:59to to take some work to build up but
01:01once you build them up to a certain
01:03point and you implement the right
01:04strategies that I'm going to be sharing
01:05with you on today's video they can then
01:07certainly be passive and in this video
01:10I'm going to be talking about five of
01:11some of the best passive income sources
01:14available right now and exactly how to
01:16get started in them now these are some
01:17of the best passive income sources
01:19because they're easy to start most of
01:21them don't require a ton of capital
01:23right away and many of them have the
01:24potential of scaling up to ridiculous
01:27amounts of money down the line now I
01:29can't guarantee you'll make millions of
01:30dollars just from watching this video
01:31but I'm going to show you exactly what
01:33myself and a lot of my successful
01:34students are doing as well passive
01:36income Source number one is on the
01:38website you're on right now which is
01:39YouTube most people don't realize this
01:41but YouTube is one of the biggest
01:43opportunities available to people in our
01:46time and the fact that we can just
01:47upload videos to YouTube and they have
01:49the potential to go viral and not only
01:51that but we can make money natively from
01:53ads that YouTube puts on the platform
01:55it's absolutely incredible never before
01:57in history have we lived during a time
01:59where we can take advantage of a website
02:01like this and it gets even better the
02:03content that we upload to Youtube it can
02:05also continue to get views for years
02:07into the future plus we can use it to
02:08promote any of the other passive income
02:10sources that we'll be talking about
02:12today we can use it to promote affiliate
02:13products selling our own course so many
02:15different things all from one single
02:17YouTube channel the videos live forever
02:19and they can continue to give views for
02:20years into the future my Foundation was
02:23built on YouTube and that is what has
02:2590% been responsible for me becoming a
02:27millionaire at such a young age and just
02:29to nail this point home over 40 million
02:32new people have signed up to YouTube and
02:34other digital platforms since 2020 and
02:36think about this logically do you think
02:38all of those people are creating content
02:40no most of those people are consumers
02:43they're watching the content for
02:44entertainment and to learn new things
02:47only a tiny fraction
02:490.001% of those people are going to
02:51actually create content and only a tiny
02:53fraction of those people know how to
02:55create good content that's going to
02:57actually get a lot of views and you can
02:59learn those strategies and you're
03:01heading in the right direction right now
03:02watching a video like this because
03:04you're learning the right strategies to
03:05do as opposed to just going out there
03:07and guessing when it comes to doing this
03:09so what this essentially means for you
03:11and I is that there still exists such a
03:13huge opportunity on YouTube don't think
03:15that you had to get in on YouTube years
03:17ago I'm still starting new channels all
03:19the time and succeeding with them as
03:21well as all of my successful students in
03:23my community Tobe Mastery and
03:25monetization they're starting new
03:26channels and succeeding with them all
03:28the time they might be saying mad but
03:29YouTube isn't passive don't you have to
03:31keep uploading videos sure if you want
03:33to start getting new views and planting
03:34new seeds but those old seeds that you
03:36planted they can continue to get views
03:38forever into the future as long as
03:40YouTube exists so it can be entirely
03:43passive once you've built up a backlog
03:45of Evergreen content and with so many
03:47resources available today as well that
03:49just make the barrier to entry into
03:51getting into YouTube so much lower for
03:53example you have chat GPT to help you
03:55with writing your scripts you have ai
03:56voiceover tools like 11 labs to help you
03:58with that you have easy video editing
04:00software available like power director
04:02you have overseas talent that you can
04:03hire for great prices that's a win-win
04:05for both of you in my opinion not making
04:07at least some type of presence on
04:10YouTube right now this year is a huge
04:13mistake if it's something that you're at
04:14least thinking about doing if it is jump
04:17in there do it as soon as possible start
04:19planting those seeds trust me you'll
04:21thank me a year from now and in order to
04:22create a YouTube channel you don't have
04:24to show your face like I'm doing right
04:26now even though that can work incredibly
04:28good and my personal channel is is an
04:29incredible lead magnet for selling my
04:31course and I get greater fulfillment
04:33with helping people but I also run a
04:34bunch of faceless YouTube channels as
04:36well where I pay people to make the
04:38content for me these are channels just
04:39like brainy do as you can see right here
04:41which gets millions of views per month
04:43and their content is mostly just stock
04:45footage with a voice over on top of it
04:47and you can get stock footage from
04:49websites like pix pexels dareful and
04:52then you can edit the videos together
04:53using completely free video editors for
04:55example iMovie if you're on Mac the
04:57power director app if you're using a
04:58phone or if you're like like me and you
05:00use Windows and you can use hit film
05:01Express open shot or shotcut and there's
05:04so many different niches or
05:05subcategories of content out there when
05:07it comes to doing this if you're
05:08interested in something there's probably
05:10a YouTube Community around that that you
05:11could jump into and potentially even
05:13make a full-time income generating
05:15videos around the sky is the absolute
05:17limit when it comes to how much money
05:19YouTube channels can make and if you're
05:20interested in some of the best niches
05:22when it comes to making money on YouTube
05:24you can check out this video right here
05:25on my channel that shows you 30 of what
05:27are in my opinion the best niches to do
05:29this passive income method number two is
05:32affiliate marketing you've probably
05:33heard of this but it's simply a
05:35technique where you promote somebody
05:36else's product every sale that you refer
05:38then you get a commission from that sale
05:40now I personally do this within my own
05:42business I promote other software that I
05:44talk about within my courses and
05:45everything and I make tens of thousands
05:47of dollars per month recurring because
05:49I'm promoting software that people pay
05:51for and they keep paying for over time
05:53these include software like vid IQ and
05:55tubebuddy and the fact that I was making
05:57so much money promoting these software
05:59gave me an idea what if I allowed other
06:01people to promote my own course that I
06:03sell as an affiliate so I did exactly
06:06that set up a simple landing page gave a
06:08bunch of free resources when it came to
06:10promoting my course tube Mastery and
06:12just like that over the next couple
06:13months I was making an extra tens of
06:15thousands of dollars per month just from
06:17people promoting my program and you know
06:19what that meant since I was splitting
06:2050% of the sales with those Affiliates
06:23they were also making tens of thousands
06:24of dollars per month and to date we've
06:28$600,000 to Affiliates now how are these
06:31Affiliates promoting my program and
06:33other programs in order to make money
06:35online doing affiliate marketing well
06:37there's two types of traffic sources
06:38when it comes to affiliate marketing or
06:40selling anything online and those are
06:42free traffic and then also paid traffic
06:45now if you have more time than money
06:47then you definitely want to jump in and
06:49start with free traffic but on the other
06:51hand if you have more money than time
06:54then it does make sense to start
06:55experimenting with paid traffic so free
06:58traffic in my opinion the best form of
06:59free traffic is going to be running
07:01YouTube channels because like I said
07:03those videos live forever they can
07:04continue to give views unlike other
07:06social media out there but if you want a
07:07complimentary source of traffic you can
07:09look into starting an Instagram account
07:11as well and then eventually you can even
07:12think about adding your very own website
07:15or blog and when it comes to PID traffic
07:17these can include YouTube ads Facebook
07:19ads Instagram ads Etc another free
07:21source of traffic by the way is Tik Tock
07:23so if you produce any short form content
07:25it definitely makes sense to distribute
07:27that on Tik Tok YouTube shorts Instagram
07:29reels and then put the link to the
07:31affiliate product you're promoting in
07:33the link in bio for each of those
07:35respective platforms and the math behind
07:37affiliate marketing is incredibly
07:39promising if you get just 20 sales per
07:41month at a $500 commission then you're
07:44$110,000 per month that's way more than
07:47a full-time income for most people so as
07:49you can see the potential for affiliate
07:50marketing is incredibly High passive
07:52income Source number three which is a
07:54little bit outside the box is something
07:56called No code software as you probably
07:59know software has made so many people
08:01incredibly Rich over time but in the
08:04past you had to be some type of tech
08:05Wizard or you had to know one or you had
08:07to spend hundreds of thousands of
08:08dollars employing people who did know
08:10how to make software in order to make
08:12something that you hoped was going to be
08:14successful so you could eventually get a
08:16bunch of users but nowadays new tools
08:18have been popping up for example
08:20bubble.io which allows people to create
08:22their very own software without any
08:24super Advanced technical knowledge and
08:26this has been commonly called No code
08:28softare Ware now the key when it comes
08:30to having a successful software though
08:32is to actually solve somebody's problem
08:34so for example if I take a look at the
08:36software that I personally use within my
08:38businesses it includes software like vid
08:40IQ like I mentioned earlier which allows
08:42me to analyze the statistics of
08:43different YouTube channels I also use
08:45Kobi for hosting my courses and this
08:47allows me to Simply upload the videos to
08:49my course and they handle making it look
08:50good and everything and surprisingly you
08:52can create very similar products to
08:54these using no code software now there
08:56is a little bit of a learning curve for
08:58this but not nearly as as much as
08:59learning to code them from scratch and
09:01you can go down this Rabbit Hole like I
09:03have over the past couple months and you
09:05can look into this further if you want
09:06just by searching no code software on
09:08YouTube you'll find a lot of tutorials
09:10teaching exactly how to do this and
09:12people showing case studies of being
09:14able to make lots of money with software
09:16and the brilliant thing about software
09:17as well is the fact that it is often
09:20times recurring Revenue which means that
09:22somebody keeps paying for that software
09:24month over month and if you get 1,000
09:26users each paying you $20 per month that
09:29right there is $20,000 per month in
09:31monthly recurring revenue and the way
09:33software multiples work a company like
09:35that could sell for as high as one to2
09:37million passive income Source number
09:40four is for when you actually start
09:41making money with some of these methods
09:44you're going to need a place to put it
09:45and instead of using most bank accounts
09:47that are out there which are going to
09:48earn you little to nothing whatsoever in
09:51the form of interest you can instead
09:53look into something called a high yield
09:55savings account this is true passive
09:57income because you literally just put
09:58the money in there and you'll get a
09:59deposit every single month depending on
10:01how much you put in this is where I like
10:03to store my extra cash because then it's
10:05not just sitting there it's actually
10:06doing at least a little bit of something
10:08for me here are some of the bank
10:09accounts giving the highest interest
10:11rates right now that you can see up on
10:13the screen now these do change over time
10:15so make sure to do research that is up
10:17to date and also make sure the bank
10:18account you choose is FDIC insured to
10:20ensure that your money is going to be
10:22all right I do recommend choosing a
10:23bigger bank if you can as well so you
10:25don't have to deal with the small one
10:27that could potentially go under or
10:28anything and once you start making lots
10:30of money with these passive income
10:31sources then it's time to jump to
10:33passive income Source number five which
10:35is investing it's time to invest some of
10:37your money and the reason for that is so
10:40you don't lose your money to inflation
10:41because with inflation the value of your
10:43money decreases over time now investing
10:45can seem like a very complicated subject
10:48however the way that I like to go about
10:49doing it it's actually very simple I
10:51just invest the majority of my money in
10:54index funds or ETFs that cover the
10:56majority of sectors and markets within
10:58the stock stock market these include
11:01sdb vo vxus and a bunch of different
11:05other ones and none of this is investing
11:07advice I'm simply sharing what I
11:09personally do but the reason I invest in
11:11these is because these funds that
11:12comprise hundreds of different of the
11:14top companies in them so I don't have to
11:16invest in each of those companies
11:18individually and therefore my risk is a
11:20lot lower as well and this is a
11:22long-term strategy that can make you
11:23money you can also take part in what's
11:25called dividend investing where you
11:27invest in companies that pay higher
11:29dividends and there's a lot of great
11:30videos on YouTube breaking down the math
11:32behind making an extra hundred or $1,000
11:34per month from dividend income over time
11:36and this as well is true passive income
11:39but before you go about investing or
11:41high yield savings accounts or anything
11:43make sure that you first and foremost
11:45focus on a business or a skill that's
11:47going to generate you income in the
11:48first place and like I said in my
11:50opinion the absolute best way of doing
11:52that is running a YouTube channel and if
11:54you want to discover step by step how to
11:56start a faceless YouTube channel and
11:58potentially make a lot of money from it
12:00then check out this video next to me
12:01right here it will show you exactly how
12:03to do just that this video right here I
12:05essentially designed it to be a free
12:06course there's no fluff in it whatsoever
12:08I really try to just get straight to the
12:10point in it so check it out I think
12:11you'll get a lot of value my name is
12:12Matt par thanks for watching I'll see
