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]
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
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.
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!
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?
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.
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 ☺👍!
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
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.
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!
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!
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.
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.
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!
LOVE THIS VIDEO!!! I WANT TO START MY REAL ESTATE JOURNEY TO BECOME A REAL ESTATE AGENT LIKE YOU GRAHAM. ALSO NEED SOME MENTORS AND HELP IF ANYONE IN THE COMMENTS WHOSE EXPERIENCE AND COULD GIVE ME ADVICE. WILLING TO LEARN. WOULD LIKE TO LEARNED ABOUT STOCKS AS WELL. IS THERE ANYTHING I COULD DO RIGHT NOW IN REGARDS TO INVESTING IN STOCK IF MY MONEY IS LOW AT THIS MOMENT? CALL ME 347 209 6646
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?
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
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.
I have used a variety of strategies that stated to help me earn money on the web within hours but none of them actually did the trick. The good news is, my pal informed me about this money-making strategy at *4NetJobs. Com* . I`m now a day-to-day earner of over hundred dollars! Check it out in person.?
If you want to make predictable and consistent internet income before 2018 ends, you must have a sales funnel, period.
Because a converting sales funnel can generate income for you whenever you send traffic to it.
The challenge is, it is difficult to build a converting sales funnel! You must test your lead magnet, webpages, products to promote, email marketing, etc.
Here's the good news, you can actually "clone" a proven sales funnel from a Clickbank Super Affiliate...
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!
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 🤓
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...
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.
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. =)
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.
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