How To Make Passive Income In Canada | 10 Passive Income Ideas 2022 (Pt. 1)

In This Video I share with you how to make passive income in Canada. The video includes 10 passive income sources. If you're interested in earning passive income to have extra money or live a life of freedom, watch this video.
*EQ Bank's Savvy Savings Account has decreased its interest rate to 1.50%

How to make passive income Part II

If you want to passively invest to earn income - Get a $50 Sign up bonus when you sign up for Wealthsimple Invest using my link below and deposit at least $500.

If you want to start phone farming to earn passive income, check out the 3 links below.

Honeygain - passive money making app ($5 Sign-up bonus) ( only available on Android, Mac or windows)

CashMagnet - passive money making app (Only for Android) (app not available in the app store, use the link below and download the APK file straight from the site)

Cash Alarm - passive money making app (currently testing) (4444 coins Sign-up bonus)

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RECOMMENDED VIDEOS

Best Cashback apps

Wealthsimple Invest Review

Top 5 Best No-annual fee credit cards

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FINANCIAL PRODUCTS I USE

Wealthsimple Invest - Robo-advisor Investing app ($50 Sign-up Bonus)

Wealthsimple Trade - Commission-Free Trading App ($5 Sign-up Bonus)

EQ Bank Savings Plus Account - Get an everyday 1.70% interest rate*

KOHO - Spending account with a reloadable prepaid Visa (Get an extra 1% cash back for 90 days)

Mogo - Prepaid Visa, Free Credit Scores, Free Identity Fraud Protection Bitcoin Investing & more

Ampli - Cashback Rewards App ($5 Sign-up Bonus)

Borrowell - Free Credit Scores, loans & personal recommendations

Moka (Mylo) - Investing App ($5 Sign-up Bonus)

Stack - No FX Fees Prepaid Mastercard ($5 Sign-up Bonus)

Tangerine - Best No Fee Chequing Account & Savings Account ($50 Sign-up Bonus)

Swagbucks - Earn Free Gift Cards by answering surveys, watching videos, shopping online, and more ($3 Sign-up Bonus)

Paymi - Cashback Rewards App ($5 Sign-up Bonus)

Caddle - Earn Cashback by uploading receipts, watching ads and answering surveys ($1 Sign-up Bonus)

Honey - The Free browser extension for discount codes ($5 sign-up bonus)

Public Mobile - Cheapest Phone Plans in the Country ($10 Sign-up Bonus)

Honeygain - passive money making app ($5 Sign-up bonus)

CashMagnet - passive money making app

Cash Alarm - passive money making app (4444 coins Sign-up bonus)

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DISCLAIMER - This is not a sponsored video, all my content is my own opinion and experiences. I am not a financial advisor and my videos are for entertainment purposes only. The financial products above contain affiliate links. Which means I earn a commission when signing up using my link at no extra cost to you. In most cases you get a sign-up bonus. All of my affiliate partners are with companies I use for my own personal finances.

Music: Coupe By The Grand Affair

[syebethel]

1. Dividends from stock investments
2. Phone farming (Cash Magnet, Honey Gain)
3. High-yield savings account
4. Capital gains from stock investments
5. Cashback rewards (Ampli, Drop, Paymi, Rakuten)
6. Rental income. REITs
7. Affiliate marketing
8. Adsense
9. Royalty income
10. Create a digital product. Start a business

[MmmM-tlom]

My passive income:
1. Housing rentals
2. Rewards app ( ibotta, fetch)
3. Capital one credit cards points
4. UBS investment account.
5. Ebay online selling
6. Couponing re sell

[candigirrl]

I needed the laugh with this playlist of financial guidance. because covid 19, has had me hurting. Thanks man.

[salwashami]

When you said: for example, the minute 11:51, that was perfect and a commercial jumped in. I watched it, so you can earn a passive income 😉

[sufianadnan]

Phone farming sounds cool. Might try that out

[goldenstandard]

You got yourself a new subscriber never heard of phone farming

[courtsmov]

I found you through your moka (mylo) pros and cons video! Your financial advice has been so clear and precise- the only man I can understand!!! Thank you for making these videos equally educational and entertaining 😎

[MMM-cfmd]

Financial literacy is barely a subject in schools (why is that?), but ... thanks to your cool channel, us kids now have arms. Thanks bruh!

[Jelenie-]

I live i canada, first time across this video and im gonna try them out thank you this video helped a lot

[rogueryno]

Please make a video on Phone farming first time i have ever heard about this. Pros vs cons and Cyber security etc

[winnietacay-xwpi]

Can I use an iPhone phone that I don’t use with phone farming?

[MAKEMONEYMARK]

I want passive income in Canada! This is work worldwide. You are awesome! 🤑👍

[WalkingAccountant]

Just starting my journey. Building my own business and just started investing in stocks. Goal is to acquire some rental properties.

[habibahassan]

Thanks Charles for your help your information is eye opening for me.

[springrolljacky]

Where would you get the cash magnet app since it's not in the play store currently? Appreciate the content!!!

[DaleStrickland]

Thanks for the video. Thus far I'm already taking advantage of credit card rewards and dividends, my next step is to get into stock photos. I'm a photographer and I have an archive of photos that I consider to be viable prints to sell on a print-to-demand platform.

I'm curious about that phone farming thing you mentioned; I have a few phones kicking around that aren't worth a great deal on the secondary market, this might be a viable use for them.

[Victorcatrina_]

Great video, solid information! Keep up the grind! 🙏🏻

[JameSparKing]

when and how can you withdraw your money from simple wealth trade? Cuz I’ve deposited some money a week ago and traded a bit but it says there’s $0 I can deposit.

[LuckyPixelStudios]

Neither of the phone farming apps can be found anywhere, and when I try to download the apk my phones block it?

[TRAVIS-WHITE]

Great video quality. I want my videos to be as well made as this. Keep it up 👍