How To Make Passive Income - AKA Recurring Revenue

I've had quite a few requests for a video on passive income, how to make it and my take on why passive income is important.

Leave your comments below if you have questions, thx for watching.

R

How To Support My Work

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FAQs

Must Reads For All Men:

[dvdctt]

I'm an electrician and I have a small passive income. It goes like this. When I install domestic CCTV people often want to remote view there cameras on there phone. In the U.K. Domestic ip addresses change regularly so having a gateway through your firewall can be tricky. I host a ddns server which gets around this problem and I then charge the customer £5 a month for me to host them. I'm up to 20 customers so it's still small but I like it :)

[ES-fryz]

My passive income is real estate, rental properties that is.
Rental property will generate a lifetime of income and people always need a place to live.

[EntrepreneursInCars]

Thx for watching, hope this makes sense. Leave a comment below with any other passive income tips you have.

To triggered snowflakes that think top shelf advice should be free... tune in next week when I really trigger you with a video on why I guard my time, and you should too.

If you need coaching, there are two ways to reach me:

[arno_nuehm]

5:40 I don't understand. How is booking your time 1:1 another example of passive income? Isn't it the very opposite as you argued in the beginning of your video? It seems to me as if you are contradicting yourself here?

[kcril]

This was nothing about how to make passive income, it was a very basic overview about what it is with no practical information. The title should simply be something like "have you heard the term passive income?"

[EnoI]

The white jacket + white seat hits different

[FablestoLearn]

Hey Richard, can you be more detailed about writing books to amazon? What tool do you use to write them and format them to then sell it on Amazon? Is it necessary to have a special amazon account for this?

[NaturalBeautyGlow]

If i ever have a questions i will pay those $20.00 ... is 20 fucking 17 if you can't find 20 bucks to improve yourself i feel bad for those people. They will never get ahead with their scarcity mentality.

[Nomenyes]

Hi there, love your videos. Could you make some videos for teens/young adults about how to begin their life succesfully?

[jdhprogames]

Best passive income, become a banker.

[arreng]

just started watching older vid ...wow! there's a lot of gold in this channel

[BeControversialAlways]

I've been thinking about this for a little bit - maybe someone will see this - but when I see him make a video like this, I wonder what his target audience is...

A guy wrote a book, great, but somebody has to work the wood pulp machine, then ship the pulp, make the paper, ship the paper, print, bind, you get the drift. So, the guy who would write the book is his target audience, the rest are just picking up the crumbs. But the work has to be done and these people could still benefit from these videos...

[vt]

As a a man now at 33 yrs old and growing up without a father and a mother that is now I know how to exactly put my finger on it about what her and my son's mother has been doing to me, "shaming" me I felt so much better after that video because how much can a guy take when under constant attack. Funniest thing about it is after I seen that video as soon as the next time my mother attempted at shaming me on a topic about my son's mother I immeaditly stopped her and simply said I am now aware of her shaming tactics(she also got my son's mother heavily into no matter the strenuous sacrifices I make to please them both) that it needs to stop! My mother right away was completely taken back on my comment and I just said I finally found out exactly what it's called she has been doing and now I am getting somewhere with it when she starts. Can't thank you enough. Don't worry I kept my new found knowledge from you completely anonymous, LOL.

[JackNapierKnows]

The first 10 seconds of this video is the best idea for a passive income

[AndeAndrea]

I operate the same way with my investing & business ideas/developments. Building a strong brand as well as customer loyalty over a lifetime is also very very important.

I have a couple business ideas I am working on proof of concept with, but will throw them your way when I am finished as potential investment or something you may be interested in..would like to hear what you think of them.
And, don't forget real estate investing and stocks/bonds that pay dividends as passive income opportunities, especially when you think of "proven" money making concepts; as for a foundational steady passive income stream those are (typically) more reliable than a strictly entrepreneurial concept.

Just thought I'd mention. Great video & content as per usual. :)

[schmocki]

found this 4 years later. no idea yet, but trying to come up with my passive income idea

[bensgarage]

Ok so your friend created a repo company and installs trackers in cars? Did I get it right?

[Roland]

My wife and I just started buying rental properties.

[ernie]

"Thumbs down" because you only told us the definition of passive income (and gave examples) but you did not tell us "Ho To Make Passive Income" as the title states.

[trickywily]

thank you I'M Writing my book 200 pages in