Passive Income Ideas: 5 Ways When You Have No Money 2020

Passive Income Ideas: When You Have No Money 2020

If you want to build financial independence you need to have passive income otherwise you’re just trading your time for dollars. That’s working for a paycheck. And that’s not how you build wealth. In this video, I’m going to show you 5 ways to start building a business so you can earn passive income each month. In this video we cover writing an eBook on the Kindle store, starting a blog, building a youtube channel, and more. Gary Vaynerchuk and I recently talked about passive income and how people want to make money without doing anything. That’s not what this video is all about. You’ve got to work for it. Get started now!

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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.

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[cybernition]

1. Ebook
2. Blog
3. Accumulate Relationships (real estate)
4. Youtube Channel
5. Digital product (ex. course)

[BryceMatheson]

Don’t fall into the trap of thinking you can’t get started with real estate if you have no money. We started just over a year ago, and now have 12 units generating us almost $3, 500/month. It’s hard work, but it’s so worth it. Thanks Clayton!

[Arief]

The power of compounding money and even habits are much more powerful than people think. All of your small wins becomes big wins over time, keep your foot on the gas pedal and keep investing.

[markthemenace]

“All you need to be is just one step ahead of your audience. “ awesome! Thank you!

[ladybird]

I am a success writer, and have an ebook coming out today. I have another book coming out in two days. And another in about a week. I use the same template, canva for book design, and two different online editing software. I am doing like 3 ebooks a month now. My goal is to have 50 books out in a year. I am saving up all my money and buying things that will create passive income.

[renaissancemaneric]

Thank you for the encouragement.
This being broke crap blows.
Gotta make it happen 2020.

[wildbores]

I'm sick of driving an hour each way to work for a company that don't care about the employees. 60 hours a week to still be broke.

[bigsween]

I LOVE THIS VIDEO!!! You have a new subscriber! This is the first time I've come across any of your teachings. I find you to be very authentic. I can't wait to watch more!

[arrownorthwestllc]

This guy is legit. Great ideas. Simple. And so refreshingly authentic (in other words, not loud and dancing around like crazy like so many others). Thank you for bringing my ambitions back down to earth, simplifying and keeping real. Cheers!


Matt

[homewithjoy]

Love this videos! Learning a lot! Looking forward for more thank you so much!🤗👍

[utrellagascey]

1st time viewer and you have truly helped me out a lot and you have a new viewer. Starting over in life in becoming my own Boss/ Business owner. Thank you 🙏🏽.

[anthonyreece]

Goals 2020
1. LLC before march.
2. Create budget that gets rid of consumer debt.
3. Save an emergency fund (in addition to main one)that will be rental property down payment when the right property comes along.
4. Buy at least 1 rental property this year...

[HustleWilliams]

So awesome thank you so much for these amazing tips they are great!!

[merritt]

Another one I would put in there is selling your own stock photos. It literally only requires your phone, an app, and a little bit of skill. We're all walking around with phones that have insane cameras. 4k cameras and 8k cameras loaded up with every crazy feature you could possibly throw in a camera. Just take a ton of nice looking photos while you're out, rack up a decent portfolio, and put them up on stock photo selling apps.

[BrianSmith-lizs]

Braking addictions, getting to happy and unlimited possibilities for wellbeing and success. Doing meditation and DNA awake. Getting to unlimited possibilities and opportunities for business, business accelerator, quantum water. Water engineering, inner engineering, free energy, new thinking, new way of living. Thank you for helping me.

[qtube]

Thank you for being real. I appreciate you being humble 🙏

[TheNorcalshooter]

Great Ideas, I think I will write a Book on how I haven't been to the Doctor for 50 years not since I was 10 years old in 1969, Cracked my arm sliding into home base in Little League, never been in a car accident either, and I have been driving since 1977

[hammouminator]

You just gave me some good ideas thanks again, i'm gonna reboot that horror book i've started almost ten years ago

[vinal]

Love that 'all you need to be is 1 step ahead of those you are teaching'

[cindell]

Great video! You got right to the point with useful, practical information. I'm feeling inspired & jotting down lots of ideas.