I made a passive income plan to make $70,000 from my new Tesla Model 3. I try and prove that buying a Tesla can be a good investment. If I manage to make a profit from these passive income streams then I am going to give away $5,000 to one of you guys!
Free Stuff:
๐Ÿ“ˆ GET YOUR FREE STOCK WORTH UP TO $1,000 ON PUBLIC (for USA): https://public.com/mark
๐Ÿ“ˆ GET YOUR FREE STOCK WORTH UP TO ยฃ200 ON FREETRADE (for UK): http://freetrade.io/marktilbury
๐Ÿ’ฐ Get $10 worth of Bitcoin with code "TILBURY10" when you sign up and verify your account on Coinbase. (For EVERYONE): https://coinbase-consumer.sjv.io/c/2553549/1154763/9251
*The Info in this video is accurate as of the posting date. Offers are only available for a limited time*
My Links:
โžฅ Snapchat: https://www.snapchat.com/add/marktilbury
โžฅ My Second Channel: https://www.YouTube.com/c/marktilburyxtra
โžฅ My Podcast Channel: https://www.YouTube.com/c/likefatherlikesonpodcast
โžฅ Twitter: https://twitter.com/marktilbury
โžฅ Discord: https://discord.gg/hXjW6pY
โžฅ Instagram: https://www.instagram.com/marktilbury
๐ŸŽฌ My Tesla Model 3 Accessories: https://www.amazon.com/shop/marktilbury?listId=2CCZ7M11C3J5Y
๐Ÿ“ My Medium Blog Post: https://tilburymark.medium.com/i-bought-a-tesla-to-make-70-000-passive-income-plan-42909fea02a3
Time codes:
0:00 Prologue
1:26 The Rules
1:49 Phase 1: The Finances
6:22 Phase 2: Affiliate Marketing
7:07 Phase 3: Car Renting (Turo)
8:01 Phase 4: Advertising / Sponsor Wrap
8:50 Phase 5: YouTube Income (Adsense)
9:34 Phase 6: Blog Posts (Medium)
10:03 The Result!
CONTACT:
For business inquires only, please use this email: mark @marktilburycoaching.com
*Some of the links and other products that appear on this video are from companies which Mark Tilbury will earn an affiliate commission or referral bonus. The Info in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

I just bought tesla to try and make seventy thousand dollars. Let me explain hi guys it's mark, so i watch a lot of youtube and one thing that keeps getting suggested to me over and over again are tesla videos. So you know what let's give the youtube algorithm exactly what it wants, it's time to buy a shiny, new tesla. You may be thinking.

This is one of the worst investments i could possibly make as most new cars just lose value as soon as you drive them off the dealership. That's why, in this video, i'm going to come up with a plan to make this car pay for itself to hopefully prove buying a new car, especially a tesla, can be a great investment as long as you know how to turn it into an asset. You never know when you buy new cars. Some of these strategies might be helpful.

On top of this, if i manage to make a profit, even if it's just one cent above the purchase price, then i'm gon na be giving away five thousand dollars to one of you guys as a celebration. Now, if you think that's a good idea, then just hit that thumbs up button and let me know and also consider subscribing if you want to have a chance of winning so youtube meet my new tesla model. 3.. I call it the dark knight, it cost me.

50 990 pounds, but let's use us dollars in this video because more people are familiar with that, because it's a worldwide currency that comes out at hundred 69 sixty dollars at the time of filming this video, i'm gon na, put a counter in the corner, so you Can track my progress when that number goes below zero you're gon na know that we've made a profit so without any further ado, let's run through my six phase plan to try and make thousand dollars from the tesla. First of all, let's set some rules number one. I can't sell the car. This would just make it too easy number.

Two everything has to be possible using today's technology, so it wouldn't be fair to factor in things like elon musk claim that you can use your car to make thirty thousand dollars as a robo taxi and number three. I only have one year to complete the challenge and i have to document everything on video phase. One is all about breaking down the finances. Buying a tesla may seem expensive at first, but actually there are so many hidden savings.

So, let's add up everything to see how much money i've made back already and before you start thinking. This is an advert for tesla. It certainly isn't. But if you're watching elon, i wouldn't mind a sweet brand deal or possibly a ride in your rocket so to convince more people to buy electric cars.

Governments across the world are offering free money in the form of grants to anyone that buys one in the uk. They've, given me a grant equivalent to four thousand and ninety four dollars, which was deducted straight away from the purchase price of the car. Their aim is to prevent the sale of new internal combustion cars by the year 2030.. Back in my day, the only electric vehicles were the one that delivered milk every day and there's no way you'd have caught me driving one of those i bought the tesla through my business and i paid for it in full.
Many people think that running a business is all about making as much profit as possible, but the more profit you make, the more tax you have to pay writing off. Your expenses is one of the best things about running a business as you're able to get things at a much cheaper rate. Recently we even wrote off a business trip to malta. You might remember the video, so the tesla comes off my profits at the end of the year and it reduces my tax bill by twelve thousand four hundred and four dollars.

This is a great way for me to spend money on something that i want and also get the government to give me a tax break. This only really works well on electric cars. If you do this with a normal car, you are heavily taxed for using it. For personal use like playing golf or going on a road trip, this is called benefiting kind tax and i don't have to worry about it because the tesla is rated at zero percent, so i can go and play as much golf as i like.

I usually travel about 20 000 miles a year as i have a lot of different business meetings to attend. This costs about 19 cents per mile, bringing my yearly total fuel cost to 3 800 as the tesla's completely electric. It drives the cost down to less than 4 cents per mile, which actually cost me only eight hundred dollars a year. So that's a saving of three thousand dollars but wait for it.

It gets even better. I wasn't actually meant to have my tesla, yet i was going to be picking it up in february, but i got a call at the end of december, offering me one year, free, supercharging and also self-driving for three months free of charge at first. I really wasn't sure if they were just trying to sell me the old cars before the end of the year, but i did a little bit of research. I found an interview from 2014, where elon musk said tesla would deliver half a million cars in 2020 and apparently they were really close to this target, so they decided to bump the sales with some great offers.

They actually managed to deliver 499 550 cars, which is just short of the target, but it's still pretty good going. The great thing about this deal is that i have a supercharger very close to my house, which means i won't have to pay for any charging for the whole year. So this is going to save me another 800. Another thing to consider is: i have to go to london a lot and if any of you have ever driven there, then you'll know that you have to pay a congestion charge, which is just over twenty dollars per day, and i must go there at least once Every two weeks, because electric cars don't produce any fumes, i don't have to pay the charge anymore, so it means that i'll be saving 532 dollars.

Every year in the uk we have to pay road tax as well. This money is supposed to be used to maintain our roads, but i really don't know what they spend it on on my previous car. This was costing me 205 dollars per year, but the tax breaks just keep coming and coming with this car, because i don't have to pay any road tax. Something that's quite a big hidden cost nowadays is maintenance.
I usually get my car service twice a year to make sure everything is working correctly and it's safe. This is far less expensive with a tesla, as there are fewer parts that can go wrong, i'm now able to save that 511 dollars. Instead, if the car has any issues, then i just log it on the tesla app and someone comes out to service my car under warranty, talking of breakdowns for over 25 years, i've been a member of the aaa which gives roadside assistance in the uk. But now i can actually cancel this as tesla offer this as a complimentary service.

This isn't the biggest saving in the world, but at least it's another eighty dollars per year. Something else to consider is it's a legal requirement in the uk to have an mot every year. This is just a test to make sure your car is safe to drive, but because it's a new car for the first three years, i don't have to pay one. This will save me another 75 each year, so we've already made back 21 701 dollars.

Some of these savings are going to actually continue next year, but of course, those ones we can't include in this challenge now, it's time to kick start phase two affiliate marketing. I recently bought some accessories for my tesla that i really think improved the look of the car. I got a carbon fiber spoiler. I replaced the hubcaps with a wheel cap kit.

I covered the wood dashboard with a carbon fiber decal and i added metal pedals all for under 200.. This is where you can get involved in the challenge. If you or even anyone, you know, uses the link in the description to buy anything off amazon, it could be these accessories or anything you want really. Then amazon will pay us a small commission for sending you their way.

If enough of you guys help out by using the links then over the next year, i think we can make an extra two thousand dollars towards our target. Remember you can buy absolutely anything. You want as long as it's on amazon phase, three renting it out. People seem to be really interested in this car.

They want to experience the acceleration and the autopilot for themselves. Electric cars are definitely the future, and people want to learn more about them and what it's like to actually live with one. This got me thinking that it'd be a really good car to rent out on websites like churro. It's like airbnb for cars.

I've never tried it, but it sounds like quite a good idea. You can rent the car out for a few days and get paid, so i've had a little look and it doesn't seem to be many teslas available for rent in the uk. That means low supply high demand, which means we can probably make a profit of about 143 per day. I never use my car between friday and sunday anyway, because i'm usually filming videos with my son for youtube or i'm out with my wife in her car.
So if we aim to rent out the car say fifteen three day weekends, we should get six thousand four hundred and fifty dollars. Of course, i could rent it out more than 15 weekends, but i think this is a more realistic target phase. Four wrapping the car with advertising, so you might not know this, but i used to race cars and when i did, it was normal for me to get sponsored in return for an advert on my car. They would give me enough money to help fund.

My hobby and one of the biggest sponsorship deals i did was for over thirty four thousand dollars. So this got me thinking. Why don't i try and do the same with my tesla. I know it's not quite the same as sponsoring a race car, but most companies are just looking for the exposure, and now we have over a quarter of a million subscribers on youtube and four million on tick tock.

We can certainly make it profitable for them. I think we could aim to make at least 15k and personally, i think, that's really achievable, seeing as i've closed a much bigger deal before and i didn't have any followers back then so that still leaves us with quite a big amount. To find and honestly i was a bit worried, i couldn't think of any other ways to make money from the tesla, but then i remembered youtube ad revenue, which is phase 5., so youtube pays a rate per thousand views. This is called the cpm and with business and finance videos, this is quite high.

There's a 23 year old youtuber that bought a tesla last year called jack. Massey, welsh and people thought he was absolutely mad. He then made a youtube channel dedicated to it and he's managed to make more than the entire cost of the car back. It's probably one of the best investments he's ever made.

I think we could expect to make around about fifteen dollars per thousand views as we're mixing the car and business niches. So if we upload five videos, we've got a pretty good chance of going viral, so i would say: fifteen thousand dollars is a good target to set i'll show you the behind the scenes of our analytics. Once the videos have been posted phase, six blog posts. I can also repurpose all of these videos by turning them into blog posts, and then i can upload them to a website called medium.

I've seen some people make more than nineteen thousand dollars per article and with five of them we could have quite a lot of views, especially if you guys get behind it. I'll leave a link in the description to the first blog, and if you have time, i'd really appreciate it. If you could give it a quick read, i think 10 000 would be a good target to aim for. I've never tried this before so we'll just have to see how it goes.

So if we manage to hit all these targets, then we'll make 409 dollars profit. And if we manage to do this, then i will of course be giving away five thousand dollars to one of you guys if you have any other ideas. What else we can do, then just leave them in the comments, and i will make a video trying out the top suggestions, i'm going to leave the next video right up here for you, but don't click on it just yet, if you want to keep up to Date with the series then remember to subscribe, ring that notification bell and smash that, like button okay, i'll see you over there.

By Stock Chat

where the coffee is hot and so is the chat

36 thoughts on “I bought a tesla to earn $70,000 | ep.1: passive income plan”
  1. Avataaar/Circle Created with python_avatars S Clarke says:

    Very interesting project Mark. Do you have someone to manage the compilation of passive income on your Tesla or this something your actively doing yourself? The reason I ask is to do with time management and how you decide what you personally want to make time for.

  2. Avataaar/Circle Created with python_avatars Captain America says:

    Best financial advise I ever received was from Mark Tilbury.

  3. Avataaar/Circle Created with python_avatars Rome Linda Reyes says:

    Success usually comes to those who are too busy looking for it. If you want a tesla, you donโ€™t need to be rich to get one.

  4. Avataaar/Circle Created with python_avatars Nigel Cicero says:

    My car has paid for itself 5x over. Granted I work as a pizza delivery driver 38 hours a week ๐Ÿ˜‚

  5. Avataaar/Circle Created with python_avatars Gregory Wilke says:

    Saving money is not generating passive income. There is a difference.

  6. Avataaar/Circle Created with python_avatars Anmol Sood says:

    Will this be possible to rent a car with sponsors graphics ON !!!

  7. Avataaar/Circle Created with python_avatars Mark H says:

    Only just found this series, love the idea. Makes me want to buy a Tesla! Just about to move house, so I'll have to see what my finances are like after the move!

  8. Avataaar/Circle Created with python_avatars C. Rosler says:

    I want to know more about you race car days ๐Ÿ˜‚

  9. Avataaar/Circle Created with python_avatars 99Gara99 says:

    51k pounds in my currency would feel like 1million pounds

  10. Avataaar/Circle Created with python_avatars Nabil Omargee says:

    I don't think those savings count as profit

  11. Avataaar/Circle Created with python_avatars Kevin Jory says:

    wow, makes me want to get a tesla, thank you so much

  12. Avataaar/Circle Created with python_avatars yoshi105 says:

    So just to confirm, you can buy a Tesla via your business even if you don't use it wholly for business purposes?

  13. Avataaar/Circle Created with python_avatars Avan Job says:

    Simply offer rides in the Tesla 10 pounds per person with a minimum of 2 launches from standing still. I am sure you can earn some money off that ๐Ÿ™‚

  14. Avataaar/Circle Created with python_avatars Doogle Grand says:

    seriously, your teaching me money. I can't thank you enough

  15. Avataaar/Circle Created with python_avatars [adult cringe] says:

    This dude is so rich, he makes up fun little challenges to play around with, that can be more expensive than most people make in a year lmao๐Ÿ˜‚. I love it though.

  16. Avataaar/Circle Created with python_avatars Joy Pirus says:

    Thanks for the amazing report,let me share my testimonies about how I finally received my lost money back which I traded with one platform until i came across Investor Gloria then she helped me through and make much profits for me Iโ€™m so happy investing with Gloria

  17. Avataaar/Circle Created with python_avatars Mr B says:

    Just subscribed. Very useful content! Do you mentor?

  18. Avataaar/Circle Created with python_avatars CH says:

    This guy is basically telling you that if you don't go to university, you should go claim that 30k you would have spent on it.

  19. Avataaar/Circle Created with python_avatars Taco Bandit says:

    might seem expensive alright but i only make 1k a month lol

  20. Avataaar/Circle Created with python_avatars Rasbougri says:

    Hi Mark, I just stumbled upon your channel and watch a couple of your videos and I got to say it really helped me to start thinking more positively about money. I was thinking do you think or anyone else for that matter, that buying a Tesla and just renting it out 365 days a year would cover the cost, payments and would make money after a couple of years?

    Thank you and have a great day, wherever you are!

  21. Avataaar/Circle Created with python_avatars bryan_with_a_why says:

    "whiffout any firver ado" I'm gonna remember this when trying to practice my Bri'ish accent ๐Ÿ™‚

  22. Avataaar/Circle Created with python_avatars Same says:

    Aww man, that Tesla was priced $140 too high

  23. Avataaar/Circle Created with python_avatars Robert Bell says:

    There is a difference between cost savings vs. cost avoidance. You cannot count avoided costs of a conventional vehicle as savings against your electric. That is very misleading.

  24. Avataaar/Circle Created with python_avatars Andrew Lamb says:

    No MOT requirement for the first 3 years applies to all new cars… not just Tesla

  25. Avataaar/Circle Created with python_avatars Timothy Mwakazi says:

    I watched one random video back in May and somehow I ended up being in love with this channel. Best Boomer on the planet. I love your bad humor tbh. I wish you were my grand dad ๐Ÿ™‚

  26. Avataaar/Circle Created with python_avatars Nathaniel Pyatt says:

    You could use the Tesla for an onlyfans photoshoot.

  27. Avataaar/Circle Created with python_avatars A King says:

    I don't know how I got subscribe to this channel, but I like it. I think this is changing the way that I think about and handle money

  28. Avataaar/Circle Created with python_avatars โ—ฝZip Trader says:

    I invested in both stock and crypto currency but I see crypto is doing more better and profitable to invest in..๐Ÿ’ฏ

  29. Avataaar/Circle Created with python_avatars AdventureExplorer says:

    Hope to have chance of winning 5k .wish you much luck

  30. Avataaar/Circle Created with python_avatars shade ski says:

    seems more like spending lesser getting a tesla compared to traditional vehicles rather than 'Saving'
    its a good investment moving from traditional vehicles to tesla, but from a new car owner perspective though not exactly less expensive

  31. Avataaar/Circle Created with python_avatars The Sound Scotsman says:

    Nice to see you finally got a Tesla. To be fair I think most of us seen that coming with Elon musk mentioned lots in the videos. The car rental idea is brilliant . I hope u are enjoying just driving it to your golf games

  32. Avataaar/Circle Created with python_avatars Pip says:

    Well Mark, you could do a giveaway but not just any giveaway, I'm talking Tesla Giveaway how about it …

  33. Avataaar/Circle Created with python_avatars Christopher Treadwell says:

    Love your videos would like to meet u if your ever in the USA near AZ ๐Ÿ‘๐Ÿป

  34. Avataaar/Circle Created with python_avatars hfd1 says:

    Doesn't make sense that electric car owners don't pay congestion and road tax. Every car adds to congestion… and every car impacts road wear. Oh well, great job on this video…and thanks for making it.

  35. Avataaar/Circle Created with python_avatars Become The Bag, LLC says:

    This is awesome. Iโ€™ve been following about a week now and the knowledge you share is amazing. Do you offer mentorship programs ?

  36. Avataaar/Circle Created with python_avatars Mark Tilbury says:

    WARNING: Beware of some scammers in the comments pretending to be me. I will never ask you to contact a phone number or ask you for money. Only the comments with a verified tick are from me!!

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