Lets discuss the holy grail of money, investing, and personal finance: How to make passive income. More specifically, some ideas that have the potential to generate $100 per day OR MORE in 2019. Enjoy! Instagram: GPStephan -- SHOW MORE 👇🏼
The YouTube Creator Academy: LIMITED $100 OFF at checkout using code 100OFF:
Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://bit.ly/2STxofv
Get a FREE STOCK when you join WeBull: https://act.webull.com/i/Vowbik9Tm5he
Now when it comes to making passive income, there are only two categories this falls under:
The first is the passive income you generate by investing your TIME
The second is the passive income you generate by investing your MONEY
So lets begin with the first one: Investing your time, since this is something we all have. Creating passive income like this means you invest your time upfront to create an income source that then pays you in the future, regardless on how many MORE hours you to spend on it.
First: Affiliate marketing. This is when you promote another service or item, and you get PAID a percentage if someone buys it through you…and the easiest one to set up is to join the Amazon Affiliate Program.
Second: YouTube Ad Revenue.
For example, I could spend 9 hours creating a video, post it, and that video continues to generate revenue for months or years to come, regardless of what else I do. The best way to do this, IN MY OPINION, Is to make how-to videos that people will search for long term. Like “How to invest in an index fund,” “How to invest in the stock market,” “how to make money online for beginners,” etc. This is the best way to get your videos a consistent amount of views, long term, and then get a backlog of these videos that rank on the search results.
Third: : Creating a how-to program. For example, I have that YouTube Creator Academy program (link above) that I created to teach people various strategies on how to grow on YouTube. Now I also spent about half a year creating my program “The Real Estate Agent Academy” which teaches real estate agents how they can grow and make money in the business.
Fourth: Renting out an unused room on AirBnb, ARBO, HomeAway, etc. or rent out an unused storage space.
Now another way to make passive income investing your TIME is by renting one of your unused rooms on AirBnb, VRBO, homeaway, or any one of these sites - or even just renting out one of your unused rooms on a short term lease. You could EVEN go even further than this and rent out your garage as a storage space! If you’re living in a place right now with an unused bedroom and don’t mind sharing your space with a room mate - this could be an INCREDIBLE way to start generating some passive income by using what you already have. Same if you have extra storage - someone likely would use it!
INVESTING YOUR MONEY FOR PASSIVE INCOME:
First: Investing in Dividend Stocks.
These are just stocks that have a payout every 3 months, and for most stocks, that payout ranges from about 1-8% annually. Your goal could be to get a mix of stock price growth - meaning it goes up in price over time and through that - you make money - while at the same time, they’re giving you a dividend payout every quarter. Just make sure to hold dividend stocks in a tax advantaged account, otherwise they’re taxed as ordinary income…and that’s bad…I’ll make a video on this shortly!
Second: Investing in growth stocks.
These are stocks that DONT pay a dividend, but because they DONT pay a dividend to their investors, they have more cashflow to invest back into the business, and that should increase the stock price even further. If you chose just to follow the average of the market with an index fund, you should expect to see - ON AVERAGE - around a 6-8% return per year.
Third: REAL ESTATE
The reason I like this is because there are SO MANY WAYS to make passive income with this one.
First, you can go the traditional route and buy a property to then rent out.
Second, you can move into a multi-family property and live for free!
Third, you can rent out your unused bedrooms!
Fourth, you’re paying down the mortgage, and
Fifth, the property will hopefully go up in value long term.
And yes, this IS something that requires upfront work and capital to set up - but if you have the 10-20% down payment to buy a property, and you have the interest and time to learn about real estate, this could be a phenomenal long term investment.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at [email protected]
My ENTIRE Camera and Recording Equipment:
you put SO much effort and time and research into every single one of your videos it's incredible. this isn't even your full time job and you put more effort into helping and informing your viewers than any other youtuber i've ever seen!! you deserve so many more subscribers im sure they'll come your way in no time...THANK YOU anyways !!! xx
+Graham Stephan I definitely didn't think you'd comment on a video from a few months ago. I'll admit I discovered you from the Tesla video you did and I did make a shitbag comment that got a lot of thumbs up. Since then I've kept following and I've learned a lot. I made over $200,000 in the past few months trading shitcoins (I bought A LOT of SNTVT on IDEX at .00000100 or less) and I'm going to start investing that into real estate . I respect the hustle and I respect the cake. Keep doing your thing and keep killing it. I'll be here watching you along the way.
Great video, but as a total novice in this field, about the @ 19:24 mark you mentioned holding dividends in a tax advantage account. I was lost as to you meaning. I understand getting a dividend...but when you say hold it in a tax advantage account, do you mean depositing it in to something like a IRA/401k? Could you elaborate a bit more on this? Also, why would you not reinvest the dividend instead? Thanks
+Graham Stephan interesting. why? I guess coz it gives u authority to passive income making and makes u look sincere? Idk lots of ppl have a problem with sharing their paycheck info in the open, esp on utube where there's a stigma and some viewers and contributors get mad when they see u have money. But dont get the wrong idea. not me. Not hate just pokin around.
Good video dude u just missed one thing investing your credit... provided it’s more risky. But u could potentially help people with bad credit that wish to change the fact of having bad credit acquire a mortgage that would eventually get you and them even better credit. In turn u could charge them a sum for your help or investment.
Hey Graham, you mentioned that Real State needed a big upfront capital investment. You should check out www.leaseumpartners.com they created a tokenised real estate investment fund. It basically allows you to invest your money in real estate and get dividends paid quarterly without having to manage your property. (You can invest as low as 1$ and you’ll never have to invest your time). Personally the best solution I think there is for passive income, expecting 15% yearly including dividend and capital growth.
@Graham: Thanks again for a great video. I will definitely hit those PASSIVE income balls to the walls ideas! Since I am so lazy... the dividends and storage and rental plexus are my plan. I am getting old and I hate burning my most valuable resource on this planet. My Time!
I love your videos and love how you’re so genuine and transparent on everything. You include your own numbers, instead of being wishy washy with vague terms. I’m just disappointed I didn’t see an affiliate link for rice gum.
Don't be a scammer, think long term, and offer real value.
INVEST TIME to create
1. Affiliate marketing
2. Ad revenue
3. Programs (courses)
1. Unused space (bedroom, garage, etc.)
Same strategies as YouTube (affiliate marketing, etc.)
INVEST MONEY to make more
1. Dividend stocks
(Invest in growth stocks and hold in tax advantage account like roth IRA or 401k because taxed at normal rate otherwise. Rinse repeat)
1. Buy to rent
2. House hack (rent what you don't use whether it's another unit or just unused rooms to where your expenses are covered and you live 'rent free'
You're welcome ❤ aaaaaaand thank you Graham!
Not sure if you mentioned this in any of your other videos, but I won’t need any license to simply become a landlord right? I am not looking to become an agent but I like your house hacking idea and will try that once I pay off student loans.
+Nicholas Kemp Affiliate links on YouTube (multiple channels) and a small automated shopify store. Also another affiliate program inside Fortnite where my supporters can use my code (doesn't cost them anything) on in game purchsdes and I get 5% commission (it's actually a quite bit of money when you have over 4000 supporters each month).
Hello Graham, I love your videos. Graham, I am 40 years old and my wife and I have a 2 year old daughter and 1 year old son. Would it possible to make a video, in what we can do for children financial future. We have set up a college fund and a savings account, for each of them. But how much should we invest? Thank you
You do not need to calculate payroll premium if your policy is on a stipulated billing cycle.
Sample Payroll Report.
However, if your policy is not yet on a stipulated billing cycle, this is typically what you will see when we send you a payroll report.
A split payroll report is sent when there is an Anniversary Rating Date on your policy, which is the month and day that rates, rating plans and rating systems are initially applied to a policy in force and each annual anniversary thereafter. Your payroll will need to be annotated for each period specified.
Sample Split Payroll Report.
We will need a complete employee job description before we add the classification to the policy. Please do not report payroll in the new classification until it has been reviewed and endorsed to your policy.
Job Duties Questionnaire.
We recommend you keep a copy of your previous payroll reports and payroll records for at least seven years, as you would your tax records.
Submitting Payroll Reports.
There are three different ways to submit your payroll reports.
State Compensation Insurance Fund P.O. Box 7441 San Francisco, CA 94120-7441.
Free payroll reports.