5 Smart Passive Income Ideas (Updated For 2021)

Here are the best passive income ideas for 2020.
🎉 BEST ONLINE BUSINESS TO START: https://bit.ly/2ZSNAQn
🤑 PASSIVE INCOME GUIDE: https://bit.ly/3mEKiKd
🎙 MY PODCAST: https://apple.co/33QVvP5
💻 MY BLOG ABOUT PASSIVE INCOME, MAKE MONEY ONLINE, AND INVESTING STUFF: https://bit.ly/33RooL0

Many people want to learn how to make passive income online. With so many online business ideas and investment options, it gets pretty confusing to sort through all the BS that people write about online.

And because so many things change its hard to stay ahead of the curve.

Which is why we break down passive income into its 5 key components that will work in any time period.

1) invest many you already have

This is where people start off. But to be able to make at least $1000 per month in pure passive income you would need to invest about $300k into an index fund or the S&P 500. For most people beginning their personal finance and investing journey this is out of reach (or at least just in the begin). Instead its best to focus on increasing your earning potential first

2) rent what you own

This is the age old passive income model. Except now with Airbnb, toro, or spinlister you can rent out your home, closet, car, or even sports equipment!

3) get paid for things you already do

This is where blogging and creating youtube videos come into play.

4) Starting an online business
This is self explanatory, I have a bunch of free resources on my blog.

5) becoming a knowledge broker

This is what I did to leverage other people’s expertise and then use affiliate marketing to making some extra money online without me having to be the expert.

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**DISCLAIMER** I am not a financial advisor and anything that I say on this YouTube channel should not be seen as financial advice. I am only sharing my biased opinion based off of speculation and my personal experience. You should always understand that with investing there is always risk. You should always do your own research before making any investment.

Music:
https://soundcloud.com/daniel-jacobsen-andreas/gryffin-illenium-feel-good-danez-remix-1 licensed under a Creative Commons License.

#passiveincome #makemoneyonline #mikevestil

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