everyone welcome back to the channel so
today I'm going to break down some
different passive income sources that
I've been generating over the past few
months hopefully to help some people out
I kind of wish that I saw a video like
this last year or two years ago because
then I would have a better understanding
of how possible it is to actually earn
passive income I generally try to avoid
using the words passive income because I
think it's kind of a buzz word kind of a
catch word that a lot of people use
without fully understanding what it
actually is because I feel as though
there's kind of this misconception that
people view passive income as just like
money falling from the sky and just
growing on trees but realistically being
pragmatic that's not how passive income
really works and that's why some people
like Gary Vaynerchuk don't talk to
lightly about passive income because I
think there definitely is that
disconnect with people when they think
about passive income it's not just money
falling from the sky it's not just
totally free money you're doing
something upfront to then reap the
rewards of that work or that investment
later on down the road so that's what I
want to kind of clear up in this video
and I'm going to show you some of the
different sources that I've been
generating that are primarily passive
income sources we're not talking about
anything that you might be doing
actively what I might be doing with my
cooking up some different things but I
want to bake this down for you if you're
new here to the channel make sure you
subscribe to the channel for more videos
like this one we try to help people make
money save money and just kind of build
financial freedom and create financial
freedom for themselves because I think
that's something that schools don't
really touch on very often actually
almost never especially in high school I
don't think I have learned anything
about personal finance I don't know why
they forced math and English and science
on you without even touching personal
finance which is kind of the root of a
lot of people's issues throughout life
financial stress can really cause a lot
of issues so hopefully this video can
help you out a little bit this I'm not
making this video to brag or to sound
conceited it's really just to show you
what's possible and kind of show that
like passive income it is possible
it's not easy to achieve but if you
can't achieve it it definitely is nice
to have so I really do wish somebody
made this video like two years ago and I
watched this video two years ago because
I think it would be helpful so for you
people out there who would find this to
be helpful good luck and stick along
hopefully this can help you out a little
bit so the first really source of
passive income that I've been generating
actually turns out to be a YouTube ad
revenue from this channel now this was
I didn't really set out to have like the
primary source of revenue from YouTube
ad revenue my kind of philosophy behind
YouTube and this channel is to try to
provide value and not really follow the
money so much and hopefully that be more
obvious that that's the way that I'm
going because if I was trying to squeeze
money out of people I think I would
probably be selling like thousand dollar
online courses and just being sponsored
and trying to just squeeze as much money
out of this as possible but that's not
really the route that I like to take
this just not really Who I am
and hopefully that shows if not I'll try
to show it more but so it's about fifty
some hundred dollars per month between
five and six thousand dollars per month
in total from January this fluctuates
slightly but it's pretty steady for the
most part now with this it's it's
primarily passive and the reason why I
would say that is because I would say
about 80% on the revenue right here from
January is actually from 2018 videos
about 15% of that is from 2017 videos I
didn't make that money in 2017 but at
least a few hundred dollars per month
comes from 2017 videos that I made and
then only about 5% from actual 2019
videos videos that I made in this
particular month so a lot of it is
fairly passive but the whole idea behind
this passive income is look you're
putting something up front and that's
the the misconception that people have
that's a disconnect where they think
it's free money but realistically you're
either putting time up front which is
what I did with some of these YouTube
videos or you're putting money up front
sometimes there's a third option as well
but you're either putting time or money
up front so then reap the rewards of
that work or that money input later on
down the road so you really have to have
an input to then get an output later
unless like your grandma's giving you
checks every month in the mail or
something but other than that you're
gonna have to put something up front and
then get a reward later so that's what I
did with this YouTube channel and it
does feel fairly passive but the thing
is look because I didn't really put much
work into it in January I was traveling
I made like two or three videos maybe
four I'm probably gonna see the negative
effects of that in February and in March
and in April in thought 2019 for not
putting effort into it in January in
this particular month so that's
something I'm gonna see in the future
that's something you have to keep in
mind that's why YouTube is not 100%
passive income it's not like a real
estate investment that maybe you
get into and then hire somebody to
manage the property and then 10 20 years
later you're it's very very passive
income in a lot of cases if you have
somebody managing the property you can
reap the rewards of that for a lifetime
practically well with YouTube it
definitely has a lifetime value and it
sort of fizzles out over time so you
want to keep that in mind but look not
everybody wants to make youtube videos I
didn't really want to make youtube
videos either so if you don't want to do
that there's some other sources of
passive income that anybody can do as
long as you have like a couple dollars
in your name or some spare time then I'm
going to show you as well in this video
but these are just my personal
experiences this is just what I
personally do and like I said hopefully
this can just help somebody out watching
this video so the next one the the next
source of revenue actually comes from
Amazon Associates now what's interesting
about this though is that I would say
about 75% of this revenue here actually
comes from old YouTube videos from like
2016 from these various other channels
I'm probably half a dozen other channels
I have like a few videos each that are
reviewing like laptops and certain
products that most people don't know
about because I kind of just look like a
fool it's like 16 17 it's like a couple
years ago when I made these videos but
they're still getting clicks and
generating revenue from this and this is
a fairly passive income source I would
only say about 25% of this almost $500
here comes from this channel Amazon
affiliates if you're not familiar with
it we're not gonna go too in depth
because I think a lot of people do know
how affiliate marketing works but if you
don't essentially I promote products on
on like YouTube videos for example and
then people will click on a link for
like for example this video right here
I'll probably have like a link to one of
my favorite books down in the
description and then if you buy
something through that link I get a few
percent commission like it's a very low
Commission but it's kind of strength in
numbers strength and views and
especially when you're reviewing
products product review channels can be
really really popular and can generate a
lot of cash because if you get like
10,000 views on a product review video
and you really persuasive about a
certain product you can make thousands
of dollars from like 10,000 views and
and I'm being serious with that because
I've done that with a couple videos that
I've had in the past where I'll make a
review about a certain product and then
tons of people will convert on that like
for example like a Wi-Fi router that I
made
on one of my other channels and it got
like a few thousand views but the
conversion rate on that was really high
because people watch product reviews and
then end up buying something so that's
just something that brings in almost
five hundred dollars a month that covers
the majority of my rent which is pretty
nice to have so that is one of the
sources as well but that is kind of tied
to YouTube to some of my other channels
but it is fairly passive so now let's
get into the ones that anybody can
really do if you don't wanna get into
like the YouTube space you can do a
couple things that I still get passive
income from so one of them is dividend
payments so stock pay dividends if
you're not familiar with that I made
some videos about dividend stocks in the
past but essentially a lot of different
stocks will pay you a certain percent
like three or four or five percent as a
total value of your stock for owning
that company for owning that company
stock and so I have a dividend portfolio
that I've been growing since I was 11
years old I don't know how in the hell I
ended up stumbling into investing in the
stock market when I was 11 I got really
lucky that I was curious about it and
actually I pretty much at the bottom of
the market 2011 is really low at the
time so over the past about eight years
or so I've been building that up and and
getting into it it was no it was it was
more than eight years now it's been
about 10 years it was 2009 to 2019 so 10
years of investing into the market I was
11 years old and so over that time I was
able to build up enough dividend stocks
where I'm getting just under a hundred
dollars per month in dividend payments
from these various different stocks and
and this is averaged out over 12 months
because some months I'll get like $20 in
dividend payments other ones I'll get
like $200 so it really depends on the
months but if you average it out it's
it's almost $100 a month in dividend
payments and that's something that
anybody can do you know if you if you
buy Pepsi stock you might get a couple
percent interest on that stock over the
course of a year and you also get
probably over the long run you're
getting to see growth in that stock as
well so that's something that I've
gotten into when I was young and I've
been building up over time and I will
continue to build it up and kind of
eventually hopefully the goal is that
eventually you have enough in
investments where you can live off of
that and that's why the rich stay rich
because they have so much money that
they're getting these dividend payments
or interest or things from these invest
that they're able to never lose value in
their money and they're able to live off
of those interest payments or those
dividends to never lose money and
actually gain money in the long run
that's why the rich stay rich and
hopefully that's where I can get to
eventually where I can build that up
enough where I can live off of those
investments and that's very passive as
an income source but like I said you're
putting money upfront to then reap the
rewards of it later that's something you
want to keep in mind with just about
every passive income source now another
one that I think everybody should be
doing if you don't wanna get into stocks
you don't want to YouTube one that I do
I think everyone should take advantage
of is just by parking some cash in a
savings account that's offering a
decently high interest rate compared to
the rest of banks so look if you have an
emergency fund I think Edwige to have an
emergency fund or I feel a little bit
wary of the stock market and you have
some cash in like a bank account that's
not earning any interest I would
consider putting it into something like
a savings account like ones that are
offered by like markets by Goldman Sachs
it's 2.25 percent interest over the
course of a year as of now that's the
interest rate that they're offering
it'll probably climb eventually in the
future but 2.25 percent interest why not
sound like a lot of money and maybe it's
not but if you say have twenty thousand
dollars in that account 2.25 that's
about like four hundred and fifty seven
dollars per year give or take a little
bit in over the course of a month it's
probably about almost thirty eight
dollars it's like thirty seven fifty per
month I don't know if I did that math
wait but that's like thirty seven fifty
per month in free money passive income
from having money in a bank account so I
would definitely take advantage of
something like that it's like a few free
pizzas at Pizza Hut or you could pay
your phone bill with that or your Wi-Fi
bill for just having some money in a
bank account and kind of playing it safe
putting some money into some emergency
fund that you can then use in the future
and look if you don't when t thousand
dollars put in that account even if you
had five thousand dollars at two point
two five percent Interest you're still
making almost $100 per year in just it's
over a hundred dollars it's like a
hundred and twelve dollars per year in
interest rates so that's something that
I would consider doing for everybody
just as an easy passive income source
kind of mindless you don't have to think
about it very much just park your cash
in there and just generate some money
over time so another source of income
for myself actually comes from promoting
certain products on something like this
YouTube channel so
generally speaking I don't like to
follow the money too much I'd rather
just kind of try to create valuable
content and then the money follows later
but there are some products like
investment products that I will use
personally and because I'm using them
and because I like them I'll decide to
promote them and I get affiliate
commissions from some of those now I
would say out of that maybe like 15 or
20 different popular investing products
like investing app that there might be
out there I only really promote for
because I only really like four of them
other than like something like Vanguard
or e train that I still do like so we're
talking about M one finance Robin Hood
which you can invest in stocks for free
on Robin Hood stash invest great company
and then acorns those four I like
promoting other ones there's ones that
offer high commissions where if I
promote them and people click on the
link I might get like 20 or 30 dollars
every time somebody signs up but I just
don't like them and so because of that I
don't promote them and that's just a
personal choice I think if you follow
the money too much you can cause some
harm to yourself and obviously to people
who watch your videos possibly so that's
just what I personally do but that
generates a decent amount of cash as
well almost $700 per month from just
promoting those in the descriptions from
my videos I don't go too heavily on that
I don't push them too hard because I
don't want to be very like intrusive in
that sense where I'm just kind of
pushing stuff on to people but those are
some different passive income sources
that I've set up that are generating
just a tad bit over $7,000 in January
hopefully this helped you out a little
bit like I said I didn't make this video
to try to brag or sound conceited I
really wanted to make this to show you
like this is what's possible I know when
I was thinking about whether or not you
can actually make passive income I
wasn't sure last year and two years ago
so I just essentially did like a
year-long experiment to see if it's
possible and I can tell you that it is
possible you have to put energy into it
the biggest tip I would say is work
smarter and not harder I think if you
put your head down and grind for too
much without actually thinking about the
big picture sometimes it can hurt in the
long run that's just kind of my
philosophy behind this but thanks for
watching this video any questions
comments leave them down below I'll go
back to you as soon as possible drop a
like on the video if you found it to be
helpful and I'll see everybody next time