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In this video, we are going to discuss how you can make passive income. We will talk about seven different strategies.
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12 Passive Income Ideas - https://erika.com/side-hustle/passive...
Understanding Passive Income vs. Earned Income - https://erika.com/side-hustle/passive...

0:00 - What You Must Know About Passive Income

1:21 - Dividend Investing
Dividend investing is a strategy that has proven to be successful for many investors who want to make passive income. The basic idea behind dividend investing is simple: buy stocks in companies with solid records of paying dividends, and then collect the cash from those dividends as long as the company stays profitable.

2:56 - Affiliate Marketing
Affiliate marketing is a way to make passive income. It can be done by partnering with brands that you believe in and help promote their products or services. When people click on the link, they are directed to the brand's site where they might buy something or sign up for a trial offer - and you could get a commission.

3:56 - Rental Income
Making money through rental income investing in rental properties is all about seeing the real estate market and your investments as a long-term game. While there’s a higher barrier to entry, the reward can be great.

4:41 - REITs
From the comfort of your own home, you can invest in real estate investment trusts (REITS) and make a passive income. REITs are companies that own properties or provide mortgages for other investors. These types of investments may not be as high-risk as they sound because REITs have to pay out 90% of their profits annually and distribute those earnings to shareholders.

5:21 - Online Course
Online courses are on the rise, and for good reason. They offer a flexible way to learn new skills, stay current with trends in your industry, or just keep up-to-date with changes in your field.

6:30 - YouTube Channel
Another way to make passive income is through a youtube channel. It requires time and commitment to get started, but does have potential to become a passive income source, because the content you're creating now can continue to bring in passive income for months or years to come.

7:54 - Recurring Revenue
The third way to make passive income is through recurring revenue like patreon. With this model, instead of you making a one time sale, you're making recurring revenue at a set frequency.

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NOTE: This description contains some affiliate links, meaning that I may earn a minimal commission if you click through and use these links (at no additional cost to you).

Disclaimer: I am not a financial advisor. Although I am a lawyer by profession, I am not your lawyer and no attorney-client relationship is established with you in any way. This video, and the ideas presented in it, are for entertainment purposes only and should not be construed as financial or legal advice.