QUIT Your Job FAST with These 20 Passive Income Streams
Introduction to Passive Income
I'm super excited to share this with you. This is something that I kind of keep completely for granted, and I was on a call in the Origin of Opportunity, where I do the Mastermind, and someone asked me, "Basically, you have over 86 incomes, and you stopped counting?" I said, "Yeah," and she asked me, "How do you manage all that?"...
Why Passive Income Matters
I said, "Well, I've basically most of them are passive income," and then I just rattled off 20 different ways that I have passive income, and everybody was like, "Would you please make a video on this?" So here it is. These are 20 passive income ways that you can make money, meaning you don't have to work. You put in the effort once, and it makes you money over and over again without you doing anything for the rest of your life.
1. US Treasuries: A Safe Option
So whatever job that you're doing, side hustle, whatever it is, stash a little bit of money in these passive income opportunities, and it'll make you money the rest of your life... (continue with content)
2. CDs (Certificates of Deposit)
CDs are easy ones because you can go down to the corner store where you see the bank, and banks have CDs that they'll pay you like 4 and a half% right now... (continue)
3. Money Market Accounts
This is one of my favorites. These are accounts that I have that basically I just put cash in them... (continue)
4. Stocks with Dividends
Stocks pay dividends, and you own a little piece of a company which is amazing... (continue)
5. Starting a YouTube Channel
If you got a YouTube channel and you have some good or want to call Evergreen stuff, you can make videos that people will watch over and over again... (continue)
6. Investing in Cryptocurrency
I know there's Sam Bankman-Fried that's kind of staining the market a lot, and now he's sitting with P Diddy... (continue)
7. Real Estate Investment Trusts (REITs)
This is where someone else goes out and buys a bunch of real estate... (continue)
8. Renting Out Stocks
So how do you rent out your stocks? If you buy stocks and you truly own them... (continue)
9. Real Estate Rentals
Buying real estate rentals and renting it out to someone else... (continue)
10. Airbnb Properties
You can dare do Airbnb. Basically, you can rent properties to rerent them... (continue)
11. Turo: Renting Out Cars
Turo is one that you can buy a car, rent it out to somebody else... (continue)
12. Renting to Ride-Share Drivers
Renting out your car to people who do Lyft or Uber... (continue)
13. Amazon FBA (Fulfilled by Amazon)
You can set up an FBA, fulfilled by Amazon store, and be able to send that to people... (continue)
14. Royalties
This is one of my favorites. Let's say, for example, you have a patent or you write a script... (continue)
15. Real Estate Crowdfunding
These are apps that you can get nowadays. One is Fundrise that you can use... (continue)
16. Peer-to-Peer Lending
Peer-to-peer lending is where people are able to lend to other people... (continue)
17. Index Funds
This is the one Warren Buffett said his family should be into... (continue)
18. Online Businesses
Setting up an online business and scaling that to generate some recurring money... (continue)
19. Affiliate Marketing
This is where somebody else says, "Look, I'm going to set up an affiliate program..." (continue)
20. Selling Digital Content
You can make courses. You can take pictures... (continue)
Conclusion
My name's Andrew Cartright. I love you. I hope these 20 ways help you make passive income... (continue)