Here's exactly how I make $6470 per month….or $215 per day…in passive income. I'll also share some great ways to make money on the side and why it's so much better to have your money working for YOU, than YOU working for money. Feel free to add me on Snapchat and Instagram: GPStephan
How I make $6470 per month:
Owning five rental properties - $4650/month
Paying down mortgages - $1600/month in equity
Index Fund VFIAX - $200/month
Ally Bank Savings Account - $20/month
Note: The rental properties aren’t 100% passive..it still requires some time accounting income and expenses… but seriously, I have everyone on staff to handle things as they come up. Maybe one hour of work per month, sometimes two.
I essentially keep my spending at the level I make from the rental properties so that everything else I earn from real estate can be re-invested to make more money. That way I can ramp up my investments and keep the portfolio growing.
Some other great ways of earning passive income include:
Investing in Real Estate - Rental Properties
Investing in the stock market - I'm a fan of Vanguard Index Funds
Owning intellectual property such as ebooks, websites, online marketing...and maybe even YouTube 😉
Amazon FBA, Affiliate Marketing, Drop Shipping can be good choices.
Through semi-absentee owned businesses such as Laundromats, Self Storage Centers, Car Washes, etc.
Owning your own business and hiring out people to manage the day-to-day operations
Peer to Peer lending - www.Prosper.com, www.LendingClub.com, etc.
If you’ve actually read this far, I hope you appreciate the transparency - I’m doing these videos as an example of what’s possible and to plant the seed why passive income and investing is absolutely important.
Thanks again for watching! Feel free to comment below, let me know your thoughts, questions, anything…
For business or one-on-one real estate investing/real estate agent consulting inquiries, 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
How I make $6470 per month:
Owning five rental properties - $4650/month
Paying down mortgages - $1600/month in equity
Index Fund VFIAX - $200/month
Ally Bank Savings Account - $20/month
Note: The rental properties aren’t 100% passive..it still requires some time accounting income and expenses… but seriously, I have everyone on staff to handle things as they come up. Maybe one hour of work per month, sometimes two.
I essentially keep my spending at the level I make from the rental properties so that everything else I earn from real estate can be re-invested to make more money. That way I can ramp up my investments and keep the portfolio growing.
Some other great ways of earning passive income include:
Investing in Real Estate - Rental Properties
Investing in the stock market - I'm a fan of Vanguard Index Funds
Owning intellectual property such as ebooks, websites, online marketing...and maybe even YouTube 😉
Amazon FBA, Affiliate Marketing, Drop Shipping can be good choices.
Through semi-absentee owned businesses such as Laundromats, Self Storage Centers, Car Washes, etc.
Owning your own business and hiring out people to manage the day-to-day operations
Peer to Peer lending - www.Prosper.com, www.LendingClub.com, etc.
If you’ve actually read this far, I hope you appreciate the transparency - I’m doing these videos as an example of what’s possible and to plant the seed why passive income and investing is absolutely important.
Thanks again for watching! Feel free to comment below, let me know your thoughts, questions, anything…
For business or one-on-one real estate investing/real estate agent consulting inquiries, 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
If you had that much time on your hands and wealth no matter what . Wouldn’t it be wise to invest in education like degree . It would only improve your business .
Some of that income is not liquid.
you rock!
your a genius!!
Good video.
made it to the end i have anal leakage
Graham…an old video! I'm SO glad you got rid of this back ground music!
I made it to the very end
Still good to buy properties in this economy?
You said the equity you build each month by paying down a mortgage is income. This is misleading and not accurate. Paying down your mortgage is an expense that results in equity, not income. Your net income would be rental income less mortgage payments and expenses, not what you paid down on your mortgage. Basic accounting would illustrate the difference between balance sheet (assets=liabilities+equity) and the income statement or P&L as some call it (revenues less expenses = net income)
Passive income is super easy! All you need is about $1-2 million to invest in some rental properties.
What a joke, I’ll start making youtube videos tomorrow lol
YOU CAN WRITE OFF PROPERTY TAXES???? What do u tell the bank in order for that
sooo basically you have to take out loans to buy property (unless you have 100k+ in the bank or want to pay mortgage for a long ass time), go thru the hassle of renting it out, dealing with people that don’t pay rent, physical issues w the property, etc. easier said than done
This is definitely me
Made it to the end in 2022. Good work Graham👍
successful yet humble. love him.
So beautiful I love you so my good friend 💞💞💞
Lmao, why are the captions auto generated in Korean ??
Not a guide to make passive income
Title:
Got what you said.. thanks for your sharing.
Bruh, you locked so much older back then
Love the channel
How do you make money in rental property’s?
I'd have my drink and my rental property if you ask me
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