How to make Passive Income 👉 How I get $27,880 a month

1. Introduction to Passive Income
2. Understanding Passive Income
3. Generating Passive Income through Investments
4. YouTube as a Passive Income Source
5. Leveraging an Email List for Passive Income
6. The Power of Money Working for You
7. Options for Creating Passive Income
8. FAQ

Introduction to Passive Income

Hey, John Christani here, and today we're talking about a very important topic: passive income. I'm going to be going over why passive income is so important, how you can get it, and I'm going to go into a few stories of how I make passive income of over twenty thousand dollars a month. I'll go out and show you exactly where I'm making that money and also go over five different methods that you can make passive income as well. So let's go into this and let's look at all that money, and that money can be coming to you overnight without you having to work for it if you understand how to get passive income.

Understanding Passive Income

Now, passive income, what is that? It means that you don't have to do any management to get that money. It means that whatever you know: software money or whatever it is, it's working for you, making money that you are not working for. It allows you to focus on your life, and you know, maybe you want to spend more time with your mom, your kids, your dog, fishing, camping, or whatever you like doing. That is what this is for.

Generating Passive Income through Investments

The first source of passive income is investments. Now investments make me about 8,000 a month. Okay, what investments are is you kind of just when you put money into the stock market or bonds or whatever, you should get an expected rate of return of somewhere around you know, five, six, seven percent. Now the best rule of thumb for this is that every million dollars that you have in the bank should equal about, if you're using those numbers, about five thousand dollars a month. Okay, and that's not, sorry not a million dollars in the bank, a million dollars in investment accounts after taxes and after all that stuff. So if you want an income of 20,000 a month, then you need to have at least four million dollars in investment accounts and you could literally just live off of investments for the rest of your life.

YouTube as a Passive Income Source

YouTube makes me a cool ten thousand dollars a month, and that's, you know, that's a number that I took after not having posted videos for six months. Okay, and my YouTube channel still earns me ten thousand dollars a month or more. The reason why that happens is because I've put up hundreds of videos before I took a hiatus from YouTube, and those videos are still interesting material to folks. They're interesting material to over half a million people every single month. So that content I put out is almost a form of intellectual property that I have, and it just earns me money, so it's really cool. Even though I had to work for it at one point, since I worked for it years ago, it still adds up to this day.

Leveraging an Email List for Passive Income

The next is my email list, which makes me, averaged out, it makes me around ten thousand dollars a month. Okay, and that's because I have an email list of over a million people. Um, I can't email all of them because some of you crazy folks have unsubscribed, you know who you are, but basically, an email list is a valuable asset and you can use it to make money. Now, in my case, I don't even manage my email list. I don't type out the emails, I don't click send, I don't monitor any of that. I have another company manage everything around my email list, and I'll occasionally send out some emails. So this is a kind of helpful thing you have right here, and just adding all of that up, money that I don't have to work for is over 27 or 28,000 per month, which allows me to, I don't know, kind of, it gives me that sort of basic foundation for making money.

The Power of Money Working for You

Now the other important thing to understand about any money is that money can work for you. Money is the best way to create more money. Money creates passive income, and as I showed in my previous example of, you know, having a million dollars in the bank should be an extra four thousand dollars or five thousand, six thousand a month in income, it's very important that you save your money and you put it to work for you. If you are taking your money and you're spending it on random clothes that you don't need, or plan on just stuff you don't need, then you're not allowing yourself to live a life of freedom, and you're taking a short-term approach to life when you could have a long-term future, and that stress of making money. It builds up. Save your money and put it away in investments. Let your money work for you.

Options for Creating Passive Income

Now let's go into some ways that you can make passive income. Okay, folks, so here's a smattering of ways, and I'm going to talk about each of them. First off is real estate. Now, I own real estate, but I own a couple acres of land, but it's for my family. It's not necessarily done as an income investment, but a lot of folks what they do is they do what's called multi-family real estate or they do Airbnb rentals where they can get money from people living in the properties that they bought...

FAQ

Q: What is passive income?
A: Passive income is money earned with minimal or no effort required from the individual receiving it. It typically involves earning money from sources such as investments, rental properties, or online businesses that generate income without active participation.
Q: How can I generate passive income through investments?
A: One way to generate passive income is through investments such as stocks, bonds, or real estate. By putting your money into investments that provide a regular rate of return, you can earn passive income without having to actively work for it.
Q: Can YouTube be a source of passive income?
A: Yes, YouTube can be a source of passive income for content creators who have built a substantial audience. By monetizing videos through ads or sponsorships, creators can earn passive income from their existing content even if they are not actively creating new videos.
Q: How can an email list be leveraged for passive income?
A: An email list can be leveraged for passive income by sending out promotional emails or affiliate offers to subscribers. By monetizing your email list with relevant offers, you can earn passive income from sales generated through your email campaigns.
Q: Why is it important to let money work for you?
A: Letting money work for you is important because it allows you to generate passive income and grow your wealth over time. By investing wisely and saving money, you can create a source of income that does not require active effort, providing you with financial security and freedom.
Q: What are some options for creating passive income?
A: Some options for creating passive income include real estate investments, online businesses, dividend-paying stocks, peer-to-peer lending, and creating digital products or courses. Each of these avenues offers opportunities to generate income passively over time.