Lets talk about probably one of the most in-demand, most asked for, and biggest topics on the history of the internet and YouTube…and that is making Passive Income. Enjoy. Add me on Snapchat/Instagram: GPStephan
Join the private Real Estate Facebook Group:
https://www.facebook.com/groups/therealestatemillionairemastermind/
Get $50 OFF + FREE Coaching Call FOR A LIMITED TIME: Code THANKYOU50 - 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 $120 million in sales: https://goo.gl/UFpi4c
Passive income is broken down into two subsets: Investing your Money and Investing your Time. Passive income is NOT EVER FREE.
If you’re going to be BUYING your way to passive income, it’s very simple: Generally you can see anywhere from a 3%-10% return on your money annually with some decent consistency, predictability, and reliability, without going too risky to a point where your income could dry up any month. This means that for every $10,000 you invest, you should be able “buy” yourself $300-$1000 per YEAR in passive income.
When buying your way to passive income, your return is DIRECTLY correlated with the amount of risk you take, and how much time you have to spend setting it up. Arguably real estate takes some time to set up, and even with a property manager, it’s never truly 100% passive…it might be more like 98% passive. With an index fund, a 3% withdrawal is virtually risk free, guaranteed, and requires you to do NOTHING - and your return is directly correlated to that, by the fact that you make LESS.
However, your TIME is generally, by far, the most lucrative way of creating and sustaining passive income. Namely because you can do the work upfront, let it run, and oftentimes the types of passive income businesses reliant on your TIME are often the same businesses that are easily scalable, meaning you have nearly unlimited potential in how much money you decide to make. Now while spending your time creating passive income is often labor intensive and could take weeks or months to even see a return on your time, once it’s up and running, this could last you a very, very long time.
It’s very important to realize that, when you’re spending your time creating passive income, you are paid in direct proportion to amount of value you provide. If you’re not providing value in a way where people will SEE IT, you won’t make money. Using your time to create passive income is just as much providing value as it is marketing yourself to those who you will offer a service for…it’s that simple.
The most difficult part when spending your time to create passive income is just making those first few dollars. Until you’ve seen SOMETHING back in return, it’s really, really easy to get discouraged. But once you see even fifty cents coming in, or a dollar, or a few dollars…that stuff gets you so excited that you created something from nothing…that it was entirely your own effort that lead you to making a little extra money. From there, it’s about growing it and scaling upwards. It’s about expanding on what works, cutting what doesn’t, and improving those income streams.
Ideally, in a perfect world, you’d have a combination of both types of passive income - by investing your money, AND by investing your time. This gives you the ultimate exposure to different markets where one is independent of the other, and when you make money from the TIME aspect, just move it over to the MONEY aspect and continue to grow that, as well.
Even though this video is less about giving you specific ideas - because lets face it, there a million ideas out there and you can get that with a quick google search - I really hope this can help lay the framework for you to build on, and eventually create your own passive income mini empire from.
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/
Get $50 OFF + FREE Coaching Call FOR A LIMITED TIME: Code THANKYOU50 - 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 $120 million in sales: https://goo.gl/UFpi4c
Passive income is broken down into two subsets: Investing your Money and Investing your Time. Passive income is NOT EVER FREE.
If you’re going to be BUYING your way to passive income, it’s very simple: Generally you can see anywhere from a 3%-10% return on your money annually with some decent consistency, predictability, and reliability, without going too risky to a point where your income could dry up any month. This means that for every $10,000 you invest, you should be able “buy” yourself $300-$1000 per YEAR in passive income.
When buying your way to passive income, your return is DIRECTLY correlated with the amount of risk you take, and how much time you have to spend setting it up. Arguably real estate takes some time to set up, and even with a property manager, it’s never truly 100% passive…it might be more like 98% passive. With an index fund, a 3% withdrawal is virtually risk free, guaranteed, and requires you to do NOTHING - and your return is directly correlated to that, by the fact that you make LESS.
However, your TIME is generally, by far, the most lucrative way of creating and sustaining passive income. Namely because you can do the work upfront, let it run, and oftentimes the types of passive income businesses reliant on your TIME are often the same businesses that are easily scalable, meaning you have nearly unlimited potential in how much money you decide to make. Now while spending your time creating passive income is often labor intensive and could take weeks or months to even see a return on your time, once it’s up and running, this could last you a very, very long time.
It’s very important to realize that, when you’re spending your time creating passive income, you are paid in direct proportion to amount of value you provide. If you’re not providing value in a way where people will SEE IT, you won’t make money. Using your time to create passive income is just as much providing value as it is marketing yourself to those who you will offer a service for…it’s that simple.
The most difficult part when spending your time to create passive income is just making those first few dollars. Until you’ve seen SOMETHING back in return, it’s really, really easy to get discouraged. But once you see even fifty cents coming in, or a dollar, or a few dollars…that stuff gets you so excited that you created something from nothing…that it was entirely your own effort that lead you to making a little extra money. From there, it’s about growing it and scaling upwards. It’s about expanding on what works, cutting what doesn’t, and improving those income streams.
Ideally, in a perfect world, you’d have a combination of both types of passive income - by investing your money, AND by investing your time. This gives you the ultimate exposure to different markets where one is independent of the other, and when you make money from the TIME aspect, just move it over to the MONEY aspect and continue to grow that, as well.
Even though this video is less about giving you specific ideas - because lets face it, there a million ideas out there and you can get that with a quick google search - I really hope this can help lay the framework for you to build on, and eventually create your own passive income mini empire from.
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
SORT OF NOT from youtube, but my youtube channel has made me about 15k extra revenue a year from audio engineering jobs being sent my way. Very excellent side job.
Cheers dude just the motivated I needed to get my toob on 🥸
Graham I love your vid’s please keep posting these it’s inspiring!
Mr.Dennis @Dennis__forex09 has helped me and my family abundantly. I really wished i had known him earlier by now I know i would have made more than enough. I invested with him and made $6,000 in a week trade reach him @Dennis__forex09 0n INSTAGRAM to start earning also
Ty.
You’re probably not reading this, but wanted to say that I have finally reached that point earning about one dollar a day from YouTube. I’m from Denmark so my audience can’t grow very big, but I’m still super excited. I also earned my first 50 dollars from affiliate this month. I shall return to this comment in a year from now seeing how far I’ve come. Thank you for your inspiration, Graham. I appreciate you! 🙏☺️☕️
i earn big last week while working with EXPENDABLEMONEYSOLUTIONDOTCOM
so nice working with EXPENDABLEMONEYSOLUTIONDOTCOM i just got credited again
The best way to make moeny is to talk about money on youtube.
Has anyone else noticed the new watch Stephan is wearing?
He says he had nothing but also said he makes 100k on real estate. So he had money, he had a story, he had the security etc. This is 100% not a situation where many people are in.
Graham, did you say Balling. Tgars a new one for you
4 months in and I’m consistently making about $1/day. This is from “restarting” a channel I set up a few years ago. Aiming to be more consistent. Thanks for all your videos, they are incredibly motivating to me! I’ll be back when I’m making $10/day!
4,600 a month or 46,000? You said 4600 at the beginning of your video
Get your FREEDOM DIVIDEND! it's taking automation benefit and giving it back to the people.
"If you don't find a way to make money while you sleep, you will work until you die." ~ Warren Buffett
Graham, no Twitter?
Great video! I was able to hit $6k/month in passive income last December and completely agree with your mindset and about how consistency matters
currently been working to sustain myself with passive income in the music industry! 10 years of developing the skills and connections/ artists here in toronto. Iv been putting my money to work too. Been able to generate 1k a month very safely with 50k and its scalable to the hundreds of millions! If I can save up and invest 500k I can make 10k a month no problem. But with my path it will take 5 more years. Currently 25. I need to find a way to increase my income to get the cash FASTER which is my only problem. GL TO EVERYONE ON THEIR PATH TO FINANCIAL FREEDOM BABY LETS GET IT!
I fully expected to click on a pitch for joining a multi-level marketing company but instead I got no-BS realistic advice 😀
Graham, awesome video! hands down my favorite youtube channel!! Keep up the great work!
It amazes me how much you have grown this channel after the now "redacted" videos that popularized the your base. One hundred thousand a year for this channel is great. But I know you put beyond double digits of hours a week. Thanks for that.
welll if you were making 100k + per year, you were in a much better place than me, even before youtube. XD