7 Passive Income Ideas (that earn $1,000+ per month)

7 passive income ideas that don’t require you to do a lot of “active” work to continue making money. DISCLAIMER! This video is not an individual investment recommendation.

DISCLAIMER! I am not encouraging anyone to start investing. In my videos, I share my experience and knowledge that do not guarantee investment success.

(1) YOUTUBE VIDEOS
YouTube is the passive income stream that just keeps on giving. From sponsored videos to ad revenue, you’ll find that you can make recurring income from your YouTube channel.
The secret to creating a successful YouTube channel is creating content on a consistent schedule for a long time. That’s it. If you stick with it for the long haul, eventually you’ll start reaping the passive income rewards.

(2) RENTAL INCOME
A cash flowing rental property is a fantastic way to bring in a monthly income. To make this truly passive you can outsource the running of the properties to a management company.
However, the internet has made investing in rental properties easier than ever before. There are a lot of ways you can invest in rental properties depending on what your goals and interests are. You can be a limited partner in large residential or commercial properties, or you can buy homes and be a landlord - all online!

(3) ONLINE COURSE
Selling online courses is one of the best passive income ideas of 2020.
Perhaps, you have a certain knowledge and excelled skill level with a particular topic. You can use these skills that you have earned during a very long career to make you money.
You can create an online course to teach anything from Algebra to guitar. The best part about this passive income idea is that once you do the initial work of setting up your course, you will continue to get paid when people take it.

(4) RENT OUT STORAGE SPACE
Did you know one in 11 Americans pays for extra storage space?
The self-storage industry is booming and has been for years. As passive income ideas go, this business model is a pretty simple one.
While you could buy or build a full-scale commercial self-storage complex, that’s not the only option. Some people rent out space in their garage!
It’s easy to turn your basement, garage, spare office room, even closet, into passive income and a great side hustle earning up to several hundred dollars a month. In New York City, they estimate a spare basement rental to generate almost $10,000 per year!

(5) SAVINGS ACCOUNTS
It doesn’t get any more passive than putting your money in a savings account at the bank or one of the many online banks offering high yields. Sadly, the banks brick and mortar banks that most people use don’t value them and barely pay any money in interest. The big banks like Wells Fargo, Chase, Bank of America, and the others essentially pay around 0.08% interest. The best high-interest banks are online only so you won’t need to mess with going into the bank to get started. The best part is that as of this writing, they pay over 2% interest per year. That means you’ll be making $4,000 per year off of your couple hundred thousand dollars instead of $200 like you would with a megabank.

In the video, you'll learn about two more passive income ideas and find out more details about those listed above.

This video is sponsored by The Great Courses Plus

Time codes:
0:00 What passive income means
0:48 One of the most popular passive income ideas
2:15 A different look at rental income
3:15 Start sharing your knowledge and expertise
4:14 About The Great Courses Plus
5:23 This passive income ideas is booming nowadays
6:50 Two things you might not know about savings accounts
8:00 Use your car to earn some passive money
8:35 My own idea of having a passive income

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#PassiveIncomeIdeas #PassiveIncome2020 #PassiveIncome
#siliconvalleygirl #marinamogilko

[SiliconValleyGirl]

What are some other passive income ideas that you know about? 🤔
DISCLAIMER! I am not encouraging anyone to start investing. In my videos, I share my experience and knowledge that do not guarantee investment success.

Time codes:
0:00 What passive income means
0:48 One of the most popular passive income ideas
2:15 A different look at rental income
3:15 Start sharing your knowledge and expertise
4:14 About The Great Courses Plus
5:23 This passive income ideas is booming nowadays
6:50 Two things you might not know about savings accounts
8:00 Use your car to earn some passive money
8:35 My own idea of having a passive income

[phearakchum]

7 passive incomes ideas:
1- Start a Youtube channel
2- rental income
3- online course
4- Rent-out storage space
5- Saving accounts
6- Advertise on your car
7- Interest income

Thanks for your sharing, cute girl Silicon❤️️

[.Koreans.American]

Passive income is the best type of income! 🔥

Start building passive income streams TODAY

[martineheys]

Diversifying your Investment and boosting your passive income has to be on every investors option especially after this year has turned out as it will Increase return potential & help decrease risk by not putting all eggs in one basket📌

[BlueMesaMinerals]

Oil and gas royalties and mineral rights can also be a source of passive income. Mineral rights can be purchased, and most types do not obligate the mineral owner to pay any expenses related to drilling or operating the well. It's more of a long-term, purposeful strategy - not a get rich quick scheme.

[samanthakennedy]

The wisest thing that should be on every wise individuals list is to invest in different stream of income that don't depend on the government to bring money especially now the pandemic is hitting economy pretty hard

[carlenebriston]

Online commodity trading is a great way to generate passive income

[UgurErdogann]

In my opinion, sharing your knowledge and expertise is the best one!

[WiresNStuffs]

I become financially free last month, i.e my passive income exceeds my expenses. You and robert kiyosaki helped give me the confidence and knowledge to keep pursing in the direction of running a business.

[MakingitinHolland]

Medium actually pays much more than YouTube!

[charlottegomez]

Keep in mind that, like most small businesses, you are not likely to get rich from running a vending machine business. But being your own boss and calling the shots are rewarding in themselves. And if you get enough locations going, vending machines can generate a steady income for you. Vending massage chairs are an effortless business investment that generate revenue quickly.

[laxmanbarot]

I really usefull your all video and iam from 🇮🇳India

[alwaysshabrina]

Nice video ❤️ Please make a video on tax topic...how can you reinvest in business and avoid much tax paying in USA🙏🏻

[maurojunioradvogado]

Hi teacher Marina! Thank you for sharing your wisdom with us! I'm going to build my YouTube channel with the help of your YouTube course 🙏

[Mr.Andrew.]

Can you share an example of this property sharing co-invest thing? I'm not exactly sure what to search for and Googling "co-invest apartment rentals" just mostly shows rental property listings and financial blogs. Are there any specific companies out there that offer a direct buy in to share dividend return on properties that you are aware of? Or at least what sort of terms should I be searching for? Thank in advance.

[waelfaraj]

A good investment is in your abilities, skills and minds ...

[GilliMarieMoody]

Hi. This is the next level for me. Gotta find the 5K to co-invest. SIGH.

[georgedavis]

If you want to start vending machine business make a go of it, think creatively about what types of machines to place, how to acquire them, how to place them, and how to service them.

[rishnap]

Hi Marina thank you so much😊 . Your every vedios are usefull 👍

[Misanti]

Good fresh content. Less recycled content than others. New sub...