Inspired by Ryan Scribner’s video, here’s a breakdown of my 6 income sources, how and why I was able to build that up, and the timeless that led me to each of them - enjoy! Add me on Snapchat/Instagram: GPStephan
Join the private Real Estate Facebook Group:
https://www.facebook.com/groups/therealestatemillionairemastermind/
The Real Estate Agent Academy: Learn how to start and grow your career as a Real Estate Agent to a Six-Figure Income, how to best build your network of clients, expand into luxury markets, and the exact steps I’ve used to grow my business from $0 to over $125 million in sales: https://goo.gl/UFpi4c
My first, and currently largest income source is what I make working as a Real Estate Agent here in Los Angeles. This began in mid 2008, at a point where I was barely out of high school, had no college degree, I really had no marketable skill whatsoever, so I figured…”Hey, I can just sell real estate!”. If any of you watching haven’t experienced a commission only sales job at some point in your life, I highly recommend it…even if you never want to do sales ever again, I really believe the experience a commission-only environment provides is invaluable.
My second income source is by owning rental property. This was because my income was so inconsistent from selling real estate, that I wanted something I could rely on month-to-month. I now I own 6 properties, and the passive income generated by those properties is roughly $4750 per month.
However, even though selling real estate and investing in real estate is fun and I really enjoyed it, I just felt like I wanted my own creative outlet to have fun, which led to my third income: YouTube ad revenue. In the beginning, I made pretty much anywhere from a few cents to make two dollars a day from ad revenue…but once my first video took off out of nowhere, I had a single day make me about $170. YouTube Ad Revenue now generates an average of about $14,000 per month.
But with YouTube, just like any great YouTuber, it becomes a right of passage to introduce…the course. To me, this was really about providing something additional to my YouTube videos…Instead of spending my time teaching one person how to sell real estate, I could create a really, really detailed program that HUNDREDS of people could learn from instead.
My fourth income source is money from rents that directly pay down the mortgage in form of equity. When you have a mortgage, that payment is broken down into two categories: Principle and Interest. This means part of the rent pays down my loan balance, which means that over time, eventually the tenants pay for the property until I eventually own it outright. This is how I make an ADDITIONAL $2500 per month by paying down the loan balances.
Finally, my 6th income source is probably the least exciting, but I’ll occasionally do real estate consulting calls, and that generates about $1000 per month. I don’t do them too often and it’s really just on a case by case basis, but I do really enjoy doing them and talking with you guys, so I figured I’d throw this in there.
The moral of this entire video is this: don’t rely on only ONE source of income and learn to leverage your time to maximize what you can make. This is so powerful, and gives you the protection and flexibility to be able to divide your time as you see fit. Also, remember that this was NOT started overnight..this is something that took me YEARS to do. It took me about 6 months before I started really making any significant money on YouTube. It took me YEARS to scale up my rental income. It took me months to create my course. Don’t get impatient, take your time, and see this as a long term outlook.
For business inquiries or paid one-on-one real estate investing/real estate agent consulting or coaching, you can reach me at GrahamStephanBusiness @gmail.com
Suggested reading:
The Millionaire Real Estate Agent: http://goo.gl/TPTSVC
Your money or your life: https://goo.gl/fmlaJR
The Millionaire Real Estate Investor: https://goo.gl/sV9xtl
How to Win Friends and Influence People: https://goo.gl/1f3Meq
Think and grow rich: https://goo.gl/SSKlyu
Awaken the giant within: https://goo.gl/niIAEI
The Book on Rental Property Investing: https://goo.gl/qtJqFq
Favorite Credit Cards:
Chase Sapphire Reserve - https://goo.gl/sT68EC
American Express Platinum - https://goo.gl/C9n4e3
Join the private Real Estate Facebook Group:
https://www.facebook.com/groups/therealestatemillionairemastermind/
The Real Estate Agent Academy: Learn how to start and grow your career as a Real Estate Agent to a Six-Figure Income, how to best build your network of clients, expand into luxury markets, and the exact steps I’ve used to grow my business from $0 to over $125 million in sales: https://goo.gl/UFpi4c
My first, and currently largest income source is what I make working as a Real Estate Agent here in Los Angeles. This began in mid 2008, at a point where I was barely out of high school, had no college degree, I really had no marketable skill whatsoever, so I figured…”Hey, I can just sell real estate!”. If any of you watching haven’t experienced a commission only sales job at some point in your life, I highly recommend it…even if you never want to do sales ever again, I really believe the experience a commission-only environment provides is invaluable.
My second income source is by owning rental property. This was because my income was so inconsistent from selling real estate, that I wanted something I could rely on month-to-month. I now I own 6 properties, and the passive income generated by those properties is roughly $4750 per month.
However, even though selling real estate and investing in real estate is fun and I really enjoyed it, I just felt like I wanted my own creative outlet to have fun, which led to my third income: YouTube ad revenue. In the beginning, I made pretty much anywhere from a few cents to make two dollars a day from ad revenue…but once my first video took off out of nowhere, I had a single day make me about $170. YouTube Ad Revenue now generates an average of about $14,000 per month.
But with YouTube, just like any great YouTuber, it becomes a right of passage to introduce…the course. To me, this was really about providing something additional to my YouTube videos…Instead of spending my time teaching one person how to sell real estate, I could create a really, really detailed program that HUNDREDS of people could learn from instead.
My fourth income source is money from rents that directly pay down the mortgage in form of equity. When you have a mortgage, that payment is broken down into two categories: Principle and Interest. This means part of the rent pays down my loan balance, which means that over time, eventually the tenants pay for the property until I eventually own it outright. This is how I make an ADDITIONAL $2500 per month by paying down the loan balances.
Finally, my 6th income source is probably the least exciting, but I’ll occasionally do real estate consulting calls, and that generates about $1000 per month. I don’t do them too often and it’s really just on a case by case basis, but I do really enjoy doing them and talking with you guys, so I figured I’d throw this in there.
The moral of this entire video is this: don’t rely on only ONE source of income and learn to leverage your time to maximize what you can make. This is so powerful, and gives you the protection and flexibility to be able to divide your time as you see fit. Also, remember that this was NOT started overnight..this is something that took me YEARS to do. It took me about 6 months before I started really making any significant money on YouTube. It took me YEARS to scale up my rental income. It took me months to create my course. Don’t get impatient, take your time, and see this as a long term outlook.
For business inquiries or paid one-on-one real estate investing/real estate agent consulting or coaching, you can reach me at GrahamStephanBusiness @gmail.com
Suggested reading:
The Millionaire Real Estate Agent: http://goo.gl/TPTSVC
Your money or your life: https://goo.gl/fmlaJR
The Millionaire Real Estate Investor: https://goo.gl/sV9xtl
How to Win Friends and Influence People: https://goo.gl/1f3Meq
Think and grow rich: https://goo.gl/SSKlyu
Awaken the giant within: https://goo.gl/niIAEI
The Book on Rental Property Investing: https://goo.gl/qtJqFq
Favorite Credit Cards:
Chase Sapphire Reserve - https://goo.gl/sT68EC
American Express Platinum - https://goo.gl/C9n4e3
I started investing when I was 37, mostly through sweat equity. I just turned 56, and this last month was the first time that my passive income broke $100,000 for the month. This is solid advice! DO IT!
Lol this is misinformation, it’s like 9k and the rest is equity
Rich Dad
How much is the course and how do I sign up
I don’t believe in luck I believe in trust and understanding. I’ve been trading forex for some months now and I’ve made good amount of money of over $78,100 with her simple strategies of trading. Meeting with stacy has been one of my best experience these past few months and am expecting more withdraws from her
That “ why didn’t I think of it first” gave off American psycho vibes
$14,000 a month from youtube videos??? WTF am I doing with my life??
Uncle Rey!!
Nearly $60k passive income. That’s pretty amazing dude
Just seeing this in 2021. Great videos and great channel. Thank you
As someone who now makes a good salary but always planned to be independent long term, Im just going to use my salary and my first real estate investment to fuel my future. It's nice knowing so many have done it without a massive income to start.
As soon as he did the “but equity is not money” I liked the video
Has anyone here done it ?
Interesting video. As a realtor in Houston, this is really helpful to compare.
Never apologize for what you built up from hard work. If people don't understand your trying to help them game over.
Great vid Graham
It increased by 169k/mo
Hey Graham Your videos are all good. But thing irritating is your background echoing. Can you manage to stop the echoes ? It is so uncomfortable to my ear. Thanks
I'm happy for you, but I feel like you are just bragging at this point
Your haterade cream 🤣🤣🤣🤣
I'm surprised you don't do air bnb you'd make a killing
Good to have income diversify!!!
Thanks for restoring my happiness in my darkest days, during those period and to my greatest surprise I got a return of $6500 in just week of trades reliability can't be equated all thanks metro_kelvinfx on IG
13 year old me whatching realestate videos
You need to get into the bigger pockets podcast!!
Lol @ "d-baggy."
hello sir, good morning . I am come from nepal. Sir its real +601139396429 its my wattsapp number can you help me.
Hey I wanna introduce you'll to Miss Barbie Anna she made me up to some stage I I'm now you also can be rich through Her contact her on what's app ( 678>404>9068 ) tell her I Refer you to her he's 💯% legit
The most fruitful decision of my existence was trading with Mr Charles @Charles_forex09 on Instagram, I wouldn't have a second thought of choosing him over every other trader. I started trading with just $700 and in few days I got a return of $8,500. His diligence and trustworthiness can't be compromised.
Graham – you should be selling covered calls against all of your vanguard shares. You could probably make an extra 1% every single month weather the market goes up or down.
30k a month. I truly envy that you making 30k a month was just not enough for you . Wow. I gotta remember this world small but it’s not. 30k a month. Sometimes I ask the universe why in the hell did I get the shoes I’m in smh. I’ve probably watched every single one of your videos Atleast 3xs a each. I’m in the credit restoration process. Keep em coming brother .
How did you get a place to net 900$ a month
Graham you're a rare breed