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How to make Passive Income: Why I make $6470/month

16077 ratings | 652544 views
Here's exactly how I make $6470 per month….or $215 per day…in passive income. I'll also share some great ways to make money on the side and why it's so much better to have your money working for YOU, than YOU working for money. Feel free to add me on Snapchat and Instagram: GPStephan How I make $6470 per month: Owning five rental properties - $4650/month Paying down mortgages - $1600/month in equity Index Fund VFIAX - $200/month Ally Bank Savings Account - $20/month Note: The rental properties aren’t 100% passive..it still requires some time accounting income and expenses… but seriously, I have everyone on staff to handle things as they come up. Maybe one hour of work per month, sometimes two. I essentially keep my spending at the level I make from the rental properties so that everything else I earn from real estate can be re-invested to make more money. That way I can ramp up my investments and keep the portfolio growing. Some other great ways of earning passive income include: Investing in Real Estate - Rental Properties Investing in the stock market - I'm a fan of Vanguard Index Funds Owning intellectual property such as ebooks, websites, online marketing...and maybe even YouTube ;) Amazon FBA, Affiliate Marketing, Drop Shipping can be good choices. Through semi-absentee owned businesses such as Laundromats, Self Storage Centers, Car Washes, etc. Owning your own business and hiring out people to manage the day-to-day operations Peer to Peer lending - www.Prosper.com, www.LendingClub.com, etc. If you’ve actually read this far, I hope you appreciate the transparency - I’m doing these videos as an example of what’s possible and to plant the seed why passive income and investing is absolutely important. Thanks again for watching! Feel free to comment below, let me know your thoughts, questions, anything… For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at [email protected] Suggested reading: The Millionaire Real Estate Agent: http://goo.gl/TPTSVC Your money or your life: https://goo.gl/fmlaJR The Millionaire Real Estate Investor: https://goo.gl/sV9xtl How to Win Friends and Influence People: https://goo.gl/1f3Meq Think and grow rich: https://goo.gl/SSKlyu Awaken the giant within: https://goo.gl/niIAEI The Book on Rental Property Investing: https://goo.gl/qtJqFq Favorite Credit Cards: Chase Sapphire Reserve - https://goo.gl/sT68EC American Express Platinum - https://goo.gl/C9n4e3
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Text Comments (2907)
Brandon Gatlin (1 day ago)
I make $116 a day in passive income through my investment accounts, rental properties, and VA payments. I hope to double it in the next few years. Only have one rental, that i own outright, but would like to increase that to atleast 3.
Kays Retiring (9 days ago)
Great video. I love this topic and always looking for more ways. I'm in Real estate too and did a video on options for Passive income ​@z_1g​
Earn more money by visiting my youtube channel
Merch Opera (12 days ago)
Graham Stephan (12 days ago)
dillcifer (17 days ago)
I’ve done lending club long enough to cycle fully through 36 month loans, spread over 100+ loans. I’d have been better off to stick with ally savings
Graham Stephan (16 days ago)
Chris Smith (20 days ago)
Well I made it to the end. I'm thinking of going into real estate
Graham Stephan (20 days ago)
Thanks for watching!
Yxdah (22 days ago)
This video doesnt help at all. Everybody already wishes they could have passive income. Getting there is the tricky part
Juunazii (24 days ago)
Hey Graham! I was just wondering that where did you get that jacket from? Looks awesome! Your content is also the best, keep it up.
Graham Stephan (23 days ago)
Thanks so much!! Got it from Zara!
Jim Prpich (24 days ago)
I’m a huge fan. Every video I watch, I watch till the end. I have learned a lot! You break everything Down Barney Style! ( simple and understandable ) I’m taking lots of notes and binge watching in my spare time! Keep making videos!
Graham Stephan (24 days ago)
Thank you so much!!
Peter figueroa (26 days ago)
Wait a minute. Did he just go through a whole video without mentioning avocado toast??
Graham Stephan (26 days ago)
uh oh
john superhist (28 days ago)
Can you buy property at age 22 or earlier
Graham Stephan (28 days ago)
john superhist (28 days ago)
Get passive income + a job and you will be more rich
Graham Stephan (28 days ago)
Vic Neighbors (1 month ago)
The cheesy ads inserted in between these videos are embarrassing.
Graham Stephan (1 month ago)
ERIC HIRTZEL (1 month ago)
I dont do snap chat or Instagram! I'm old
Adam12995 (1 month ago)
lol knaaawledge
Graham Stephan (1 month ago)
david jehova (1 month ago)
only subscribed to copy the way you dress, because i am so original .As for the content meh!
Graham Stephan (1 month ago)
Monique Vo (1 month ago)
Hey Graham! Thanks for the videos I’ve been working towards a real estate license and your videos are extremely helpful and have vamped up my excitement for the future possibilities. I’m not sure if you’ve already done a video about it and I haven’t seen it, but what was your first month like after getting your license?
Luis Coppin, Jr. (1 month ago)
I’m going to have to get into your head for bumping up my passive income or just making my money work for me to pay down debt. Great video.
Luis Coppin, Jr. (1 month ago)
Graham Stephan you’re welcome. I’m watching the Roth IRA video now. Is it too late at age 45? I do have a TSP account via the postal service. Thank you.
Graham Stephan (1 month ago)
loe rita (1 month ago)
Tuc (1 month ago)
I'm sold. How do I invest in you? Where do I sign?
Graham Stephan (1 month ago)
Hahaha smash the like button ;)
Tuc (1 month ago)
OH! The like button :D
Joanna Przybylak (1 month ago)
Hello & thank you for your videos! Super helpful for a new broker. Do you have a management company run your rentals or do you manage all 5 yourself?
Graham Stephan (1 month ago)
I manage all myself except for one!
Ivonne Gebhardt (1 month ago)
Thank you.
Graham Stephan (1 month ago)
Thanks for watching!
david moeller (1 month ago)
I've started looking into dividends as a source of passive income; would you recommend this? Any suggestions? Thanks!
Just testing it out to see if Graham will respond to everybody :O
Graham Stephan (1 month ago)
haha I reply to most!
MegaBenny21 (1 month ago)
I made it to the very end Graham. Hopefully you are doing well. Also I noticed that on this video you didn't ask us to smash that like button. I did anyways
Graham Stephan (1 month ago)
Ahh thank you :)
Adriana Hernandez (1 month ago)
I watched to the end <3
Graham Stephan (1 month ago)
Adam Martinson (1 month ago)
Johnny Guitar (1 month ago)
I made it to the end, thus #Sizzler
Graham Stephan (1 month ago)
D Walker (1 month ago)
Thank you contemplating results
Graham Stephan (1 month ago)
You got it!
boeuf3000 (2 months ago)
Started investing in individual stocks last year and made $3000. Now, I'm literally putting almost all of my money into my stock account. Passive income is addicting. My goal is to make $10k in a year in 1-2 years, and ultimately $100k+/year.
Graham Stephan (2 months ago)
Hans Laage (2 months ago)
I luv your videos and enthusiasm - I made it to the end. I am currently on chapter 6 of Rich Dad Poor Dad and am seeing the links you have to it as well. I plan on making passive income like you over 10 years in rentals and then chillax. I am loving the learning growth and am excited to get started ☺👍!
Graham Stephan (2 months ago)
James Wilson (2 months ago)
Thank you Graham for your knowledge!$!
Graham Stephan (2 months ago)
Thanks for watching!
Victor Hernandez (2 months ago)
Golf!!?? Lets go and plant some seeds on are divots😂
Graham Stephan (2 months ago)
Ivan Perez (2 months ago)
Thanks for the videos bro...appreciate it.
Graham Stephan (2 months ago)
You got it!
Yasin Agung Nugroho (2 months ago)
Thank you for sharing this :) I've been watching your videos for the past few weeks, and it really helps me. And also I've published my books now thanks to you, they are available for free on Kindle, please kindly check it https://www.amazon.com/dp/B07PFWLFLR and https://www.amazon.com/dp/B07PH139XZ
ZFlyingVLover (2 months ago)
$77k/yr of passive income. Don't quit your day job
Graham Stephan (2 months ago)
ZFlyingVLover (2 months ago)
To make GOOD money but not crazy money you need 20 ranch houses of 2k square ft to rent. As they're paid off you can sell them to buy more homes and repeat the process. Worse part of this deal is that YOU have to do the management and not outsource to a management company. Other worse part of the deal is when you have to deal with asshole tenants that don't pay their rent and/or destroy your property. Make sure you live in a state where they can be forcibly evicted. But all these side hustles are work so you have to like doing this to be good at it. Then again you can always work for the government for a cost of living adjusted pension after 20 yrs. That's probably easier since that doesnt' exist in the private sector.
Jeffrey Stern (2 months ago)
You can go to the library to read financial periodicals every day..... and it's free! 2nd hand stores sell business and financial books for around $3 each. Put down the remote and get yourself educated. This video should be mandatory viewing in jr high! Excellent!
Jeffrey Stern (2 months ago)
You've got the right attitude on this. Lots of people on this message board are poo pooing your ideas. They do work. You must look at every dollar u spend now as a dollar that won't WORK FOR YOU later on. I got educated by buying business and investing books at 2nd hand stores for around $3 per book. Someone else spent $30 on these books. I read enough to understand investing and followed the techniques. I still buy these books today for around $3 each. Passive income rules!
Graham Stephan (2 months ago)
Jeremy Johnson (2 months ago)
Getting tired of my job. Been doing it 10 years and see this as my way out!
Graham Stephan (2 months ago)
salt2health (2 months ago)
Considering there aren't late rent payments. ClickBait. Someone needs to take care of the properties. Factor all that in. Break it down to everyone and you would get more hits if weren't a wise ass. Also, if you pull money from the Vanguard accounts, are you factoring in Inflation, so you pull the profit, but each year, that 10,000 or 1,000 is actually 700 in real life. Dude watch some shadowstats with John WIlliams. I like the initiative but you mislead some people out there. I have been doing mortgages for 16 years and some of this advise will screw up people more. I am going to make videos about guys like you and tell people how not to do some of these items, and uncle G and many other click baits. For as long as the videos are, you can simplify this. Not trying to be doom and gloom, but again there are some items that need to be broken down in theory. Your 15 vs 30 year for most is also wrong. The money you save, 98% of the people end up spending and refinance every 2 years to get lower rate. bottom line, they stay poor. I can say this with seeing over 50,000 credit situations in my life.
Chris Hesketh (2 months ago)
he's probably making money off youtube videos then anything else. stop watching his videos.
Chris Hesketh (2 months ago)
some @ss hole defaulted on my p2p loan mofo shitbag.
xplore adventures (2 months ago)
New to your channel pretty interesting content I'll apply it. Thank you
Graham Stephan (2 months ago)
Thanks for watching!!
brs rafal (2 months ago)
u got 5 rentals and some paid off tjats big investment its not like doing noting passive income lol let me just buy 5 houses
Graham Stephan (2 months ago)
My YouTube passive income makes 10x more than my rentals. And that didn’t require any substantial upfront investment.
john smith (2 months ago)
Good for you man that's amazing hope i get there some day myself.
Graham Stephan (2 months ago)
Thanks for watching!
hugomazoco (2 months ago)
Awesome! I have always thought this way, and my family would just never understand! I made it to the very end btw! :)
Graham Stephan (2 months ago)
Dylan Roberts (2 months ago)
Graham I really appreciate you making these videos. I’m 25 I’ll be 26 in March and I’m saving everything I can to buy my first rental property in the future. I plan on soon getting my real estate license I just love this business. Keep up the great content sir.
Graham Stephan (2 months ago)
Пётр Гудыма (3 months ago)
Чувак реально круто ведает. То кушать вправду крутой ведущий канала. Зарабатывать 6К баксов с 5 домов это, я даже не знаю ну-ка нормально, наверняка. И он это сделал за 9 лет. Это тоже весьма круто. Но ведущий он вправду неплохой!
Taisha Richards (3 months ago)
Jon Ross (3 months ago)
Hey Graham, I made it to the very end. SMASHED that like button
Graham Stephan (3 months ago)
Thanks so much!!
Michael Miller (3 months ago)
Love this thanks!!💪🏿💪🏿
Graham Stephan (3 months ago)
You got it!
Dude Real Estate (3 months ago)
Thanks for sharing your story on the BiggerPockets podcast. Loved it...very inspiring!
Graham Stephan (3 months ago)
Thank you so much!!
Ryan Snyman (3 months ago)
Hi, I'm not an American citizen. I wanted to know what is the (Paying down mortgage - equity thing?)
Graham Stephan (3 months ago)
Each month you have a mortgage, some of it goes to principle. That means you owe less on your loan!
Stan Hanrahan (3 months ago)
2:40 I laughed so hard i bumped into the like button
Graham Stephan (3 months ago)
haha thanks!!
Zakaria Alabudi (3 months ago)
I love this question what do you think about franchises
Neekz V (3 months ago)
Hi Graham! Quick question, so we purchased a home in Hawaii on a mountain with 75,000 sq/ft. for $650k and spent $100k in renovations back in 2005. Fair market value has my home valued at $1.4M. Should I sell and reinvest with the profit or should I rent it out?
Kacy's Kastle (3 months ago)
Must be nice to have come from affluent parents;)
Graham Stephan (3 months ago)
I wish!
DerMuehle (3 months ago)
omg why are people liking this? Like i'm watching some of my spam mails talk. Sry Graham don't take it personal.
Graham Stephan (3 months ago)
Bryan Benattou (3 months ago)
Dig the "Rich Dad Poor Dad" dollar employee quote. Really appreciate the videos man.
VICTOR MIRANDA (3 months ago)
Bet. I made it to the end...
Graham Stephan (3 months ago)
Nolen Elam (3 months ago)
Question. When you own shares in an ETF like vanguard do you actually have money come into your account or do u have to sell your shares to earn the money?
Hoover Hoover (3 months ago)
It’s not passive income. Title should be how money can make money.
Graham Stephan (3 months ago)
Isn’t that passive income?
Comment (3 months ago)
this could almost pay off my student loans 24x a year and at my rate I have 8 more years.
Born Blazed (3 months ago)
If any of you really need money that badly you can use faucets for small amounts of bitcoin at a time. you can also use receipt hog on your phone too make easy money scanning receipts you get from the store after you make a purchase. The Faucet i use can get me at least $10 every month and thats without filling out surveys. Surveys pay well but the big $$$ only looking for certain people. Link for good faucet and receipt hog in my profile
Josh Dando (4 months ago)
Thanks for this video Graham, I've actually had the motivation to start blogging and begining to make money from it already! Plan is to then branch off into YouTube and then onto consulting work.
Graham Stephan (4 months ago)
Awesome!! Do it!
Jayson Quintanilla (4 months ago)
Wow even if you tell this guy to fuck off he’s still 215$.
Graham Stephan (4 months ago)
Mark A (4 months ago)
Made it to the end...Seed planted.. bigger and bigger fan with the investing vids
Graham Stephan (4 months ago)
Greta Van Fleet (4 months ago)
This guy is a moron. And a liar.
Omar Jones (4 months ago)
Inspiring video thanks for the humbleness it really helped get your point across about passive income. I'm hoping to get a rental property soon
Omar Jones (4 months ago)
+Graham Stephan you're welcome I see you bought in Inglewood, CA I hope I can find a property in that area too...
Graham Stephan (4 months ago)
Thanks so much, that’s awesome! Once you get one you’ll want more!
Financial Advice 101 (4 months ago)
Hello! I know you have a crap ton of subscribers. But, I’m about too invest $5,000 and I’m deciding on buying better stuff for my detailing business or starting up a vending business. Would you be able too contact me at all? I’d love to have some help from someone who knows what they’re talking about.
Phillip (4 months ago)
I made it to the very end.
Graham Stephan (4 months ago)
RickReviews (4 months ago)
That intro its so enthusiastic - I keep coming back for more of that :)
Graham Stephan (4 months ago)
Haha thanks so much!
M. gezginesin (4 months ago)
Another B.S. video. If I had the money to own 5 properties......
Ginger S (4 months ago)
It's really your mindset thst keeps you rich..you believe you can't fail..law of attraction ☯️☮🕉❤
Graham Stephan (4 months ago)
Noah Mitchell (4 months ago)
6k a month, after a small loan of a million dollars :)
xshanghu (4 months ago)
Graham Stephan (4 months ago)
FireSword 123 (4 months ago)
Hey Graham do you want hire me as your renovation guy ??? Let's make some money in Texas State?
William HJ (4 months ago)
Affiliate Marketing = sign up to impact.com
Calway Amy (4 months ago)
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Templarswordxx7 (4 months ago)
Great video Graham
Templarswordxx7 (4 months ago)
Im not a V-neck guy, but understand it's hot in California.
daniel dvorkin (4 months ago)
aybars k (4 months ago)
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c tweed (4 months ago)
You glossed over finding that viable tenant, repairs when they become major and the proper school district to attract the correct tenants. Hopefully you have a serious video that addresses these issues on YouTube SOON!
c tweed (4 months ago)
Please provide a link to that serious video for these distinct issues.
Graham Stephan (4 months ago)
I have over 250 other videos on YouTube 😉
MAURICIO CAGIGAS (4 months ago)
Im from Mexico, pretty sure that it is a little (little!!!!) More difficult here. And I quit my sales job, and I love sales... but my boss was a pain in the ass, so I decided to cut ALL of my spences, save money brought a small house on an area that I think it's starting to grow. And started to rent it so it pays alone. I quit the job, started to looking for real state books, courses, etc... and ask for jobs in real estate. Now I work in a really nice place with very good people in real state business.. I'm looking to repeat the same but with a real state job! And in my free time looking for an other way of make my passive income. And all of that because this guy keeps me inspired!! So thank you Graham and sorry if my English it's not perfect 🤓
MAURICIO CAGIGAS (4 months ago)
Made it to the end 👏🏻👏🏻👏🏻
Graham Stephan (4 months ago)
Jo Ro (4 months ago)
What if you have a net loss on your rental prop income after expenses, deductions, and depreciation? Does Passive income losses phase out after a certain income level?
1987mastermind (4 months ago)
its possible people ! i make 400 a mouth in passive income!
Nelson Leiva (4 months ago)
We need to link up.
Frenchyk757 (4 months ago)
If only I was taught some of these strategies at an earlier age. Oh well. I better start now.
Graham Stephan (4 months ago)
🙌🏼 never too late.
Danceographic Ocean (4 months ago)
I would bet totally fine with 50 cents per hour, 24/7/365 as a passive income. I used to play poker as an extra income, earned on average like $5 per hour, but it was very hard work for that little money. Very mentally draining. And a lot of time spent outside of playing analyzing, reading etc. It is pretty stupid of me not to have a passive income, I do after all work with e-commerce building and customizing shops for other people...
Graham Stephan (4 months ago)
Yeah Poker is a constant grind!
saul santana (4 months ago)
Been watching your videos for a while now and i really love how youre so transparent with everything you do 👍🏽
Graham Stephan (4 months ago)
Uzziyah M. Cohen (4 months ago)
I truly enjoy ALL of your videos!!
Speaker Builder (4 months ago)
I started with 130k in cash when I bought my first commercial property in mid 2011, this represented mostly retirement investment money saved up over about six years (since I had stopped buying mutual funds that never made me a dime), along with 20k in after tax IRA's and 20k from my parents' estate that I inherited. Since then I have invested another 120k in retirement investments both saved and withdrawn from IRA's that were going nowhere, for a total of about 250k cash investments over 7 years. I now own outright four commercial properties that are fully rented and earn me about 70k a year after all expenses, with no SS tax since it is unearned income, so this yields me about 50k a year after fed and state taxes. This is added to any money I make in my other full time business, and will be added to my SS retirement income when I turn 70. Maintaining the properties (renting, minor repairs) averages a few hours a week of my time. That's called financial independence.
XWolven (4 months ago)
I learned this after finally getting my settlement for disability from Military and Social Security. It took 2 years but I got it all as backpay in a big lump sum so I did a lot of research on how to make around $70K work for me to help me the most. Luckily that was in 2008 and that was the best time in a generation to get into the stock market. =) Now I still see money itself as the best source for making money. There are so many ways to get it working for you just like Graham says, Little individual workers. =)
Graham Stephan (4 months ago)
Moises Zamora CA Realtor (4 months ago)
Hi great videos. I reside in California where properties are very expensive, with that said, what are your thoughts about buying passive income rental properties out of state where properties are not so expensive and hard to afford. Thank you for your great content always.
Graham Stephan (4 months ago)
I’m all for it if you have a great team who can manage it for you!
Joe C (5 months ago)
How is including equity not double counting?
Graham Stephan (5 months ago)
Because equity is separate from the money I get from cashflow. I make NET rental income...after paying a mortgage...and then SEPARATE from that, I make equity.
Natendo (5 months ago)
Oh I'll just buy some apartment complexes! Duh it was under my nose this whole time...
Cameron Roe (5 months ago)
How did you get the rental properties? What if we don’t have the money for that?

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