This has actually been something that has been on my mind for, like the last week and a half So this weekend I was on. I was reading tons of blogs. I’ve just wanted to like first figure out.
Okay, like I already know, a lot of different ways and strategy to create passive income, But I was like there’s got to be other ways that I’m missing, So I always like to look out and see like okay in five ten years from now. Okay Is what I’m doing today going to get me to the point where I want to be in five to ten years and if it’s not, Then I like to readjust sorry situate and then just kind of move forward from there.
Okay, so like actually one of my mentors, he had this really good comment that I’ve always remembered I’ve always really liked, and it was in in five years or 10 years or 20 years or whatever. It is. Okay, no matter what There’s one truth and you’re going to be in ten years, You’re going to be ten years older, Okay, so doesn’t matter like what you do you’re always going to be ten years older, So it really depends on what you do today.
This is going to change the course of where you’re going to be in ten years from now So passive income or residual income. Basically, a quick explanation. Definition is you’re, not trading time for money. Right, Like you, obviously got to go put in some hours and some work to actually get to that point where you’re creating passive income. But it’s something we’re like you: can do the work once: okay, it or invest the money once and then you’re paid out long-term Over a longer period of time.
So I was just kind of like thinking about that. I’m just like okay. What like, what number, what I have to get to, if, like I, was living my dream lifestyle? How can I go through and create passive income to get to that point, and the thing is guys with this: This is not a get-rich-quick. This is more of the long-term and, if you’re, slowly, building like if each year, you add another five hundred dollars or even a thousand dollars of passive income to your Life, then think about that.
If you’re doing a thousand dollars every single year, it’s really not that much, But after ten years, you’re having ten thousand dollars per month of passive income coming in. So at that point honestly, like I mean that’s a six-figure income, You can literally quit your job. You can do what you really love, And so that’s what I like kind of mentality that I like to think of like Okay. What’s that number I need to get to and what are the things that I need to do to be able to get to that passive income Number that I can just live a completely carefree life.
They don’t have to worry about. You know financial things and money. Coming in and I could just do what I love right like you – can go through and start a new business, you could go and you know have a passion or hobby or any Of that stuff. So just a couple of things that just a couple of examples of different passive income. So one thing like you hear there is the term residual income. One thing that I think of always is network marketing, multi-level marketing.
So you’ve got like the big companies like Amway Nu Skin, There’s a tons of other ones out there, which I don’t you know. I don’t necessarily focus on that, But another method is going through and investing in real estate, so it could be residential real estate. It could be commercial real estate, It could be, you know, storage units, It could be billboards where you go through and let’s say you go and buy a single-family home Right or even in a multi-family home, and you pay.
You know – Let’s say it’s a $ 200,000 home And your mortgage on that is, let’s say, a thousand bucks and you’re able to get fifteen to eighteen hundred dollars a month. Rent Then you’re making the difference Right So like no matter what you’re doing You’re, making five to eight hundred dollars and obviously a lot of us can, you know Not a lot, but some of that’s going to go towards taxes. Some of it’s going to go towards like repairs and upgrades and just keepin kind of like all that property management stuff going on.
But you know you’re, making a good five hundred dollars of passive income that you’re making that only because you’ve Invested that money. Now, as I was thinking about all this stuff, One key concept I was thinking was like one: Not everyone’s got. You know 100 200 thousand dollars to go, throw into real estate And, yes, you can go through and you can get started with no money down. There’s a lot of different like plans and strategies, but I was trying to figure out like things that you can get started with with very little money or even started with with no money But might be more of a time.
Investment, because pretty much what I’ve learned is everything in life. You either get there faster via money or it’s going to take a little bit of time of your personal time, your sweat equity of going through and investing that time into Some sort of business. To get that investment get that return on that investment Right, So I’ve got real estate. You’ve got kind of like that network marketing.
There’s a I was reading some blah. They were talking about peer-to-peer lending, which I don’t know, I’m not a huge fan on that. I’m probably kind of more of a skeptic on that, but there’s a site that they talked about. It’s called Lending Club calm, so you guys can go check that out. I actually didn’t go check that out, but on some of the sites I was reading, they said you can get about a six to ten percent return on your money and You can invest as little as a few hundred dollars or even a thousand bucks.
So if you got kind of got less money and you want to go through and go do that route, Then obviously that’s something you can go through and make happen also investing in stocks. But one thing guys: I want to share with you guys What I what I think that I want to go through and continue to grow and continue to do and Creating that passive income for my life and something that, like in five to ten years, It’s still Going to benefit me – and I don’t have to have the high cost of even property tax like real estate or you know It’s going to be something that can serve me for years to come and that is going through and continuing one To build.
My youtube blog. So right here that you guys are reading and then second I’m thinking about starting a blog to go through and have similar content that I like share on the blog or Share on my youtube blog, But put it on the blog. Because sometimes people like to read articles other people just more like to read or like to look at pictures and so kind of having those two aspects to be able to go through And make money and grow my email list, Okay, Cuz an email list – is actually Something that can create a lot of passive income Where you go through.
You start build an email list. If you get a thousand people on that email list And you’ve got a product, you got your own products. You’ve got affiliate products, So affiliate product is basically someone else’s products, but they’ll pay you a twenty-five to fifty to seventy-five percent commission to go through and promote their product, which is kind of nice, because You don’t have to worry about the product development and their sites.
Like Commission Junction Clickbank, where there’s tons of products in all these different markets that you can go through and promote now the reason why I, like a blog and I like a YouTube blog so much this goes back to when I was first getting into old digital Marketing space and I Started up a dental website and promote that dental website. I started a dental YouTube blog Okay and this is dead YouTube blog.
I was going through and targeting keywords like dental implants, teeth, whitening, cost of dental implants. Like all these different keywords – and The idea was to have people find my articles because they were searching on YouTube or Google or something like that, find the articles, and then they would eventually go to my blog now. The wonderful thing about this is unlike a Facebook, post or even an Instagram post, which those are both great platforms to go through and build a following on, but You make that Instagram post and three days later, It’s so deep in the newsfeed that it’s really not Going to benefit you, Okay, Whereas if you go through and make a youtube article just like this one or if you make a blog and you have a blog Post and you’re targeting specific keywords So like, for example, this one: how to create passive income for dummies And 20:18, Then that’s something that people are going to actually type in the search engine: Okay And then in five years, ten years and all that stuff.
From now. If it’s ranking in the search engine, People are still going to find that Okay, so that is Passive income that you go through and you’re able to make. So you go through that, basically is an asset that you have That absolutely never dies. Okay, so like, unlike I kind of call that virtual real estate right So you’ve got a blog post, which is kind of like a plot of land. Okay, that you own or a YouTube articles like another little plot of land that you own And if you guys put ads on it or if you go through – and you have you know, An opt-in to your email list and you’re selling other products.
These are just different little ways to go through and monetize this following and this blog that you’re creating And remember guys, like you got to think a long term Right. So many people get into it and they’re like I didn’t make money the first month. I didn’t make money the second month the third month and they just kind of quit, Whereas like if, over the course of a year, You could just make an extra 500 bucks a month.
You grow that 500 bucks a month. That’s six thousand dollars for the year right. That’s pretty nice! That’s like that is a that’s a hefty car payment right there, five hundred dollars a month. Okay! So that’s the way you just kind of got to think about this passive income and these different strategies, where you don’t have to have a Ton of money to go through and invest into real estate. But if you put in the sweat equity, the labor Go through and figure out, learn a skill like how to go through and start and grow a YouTube Channel how to go through and start and grow a blog.
How to go through and start building an email list and sell Affiliate products just different things like that, there’s so much free material all over the internet on how to start a blog, how to start a YouTube blog, how to start an Email list how to go Through and promote Affiliates products, because a lot of times the product owners, if you are an affiliate, They have a ton of free, coaching and free training just to give you because they want you to promote their own products right.
So It’s a great way to go through, create a article how to whatever okay and then five years down the road, if someone’s looking to go through and how to create passive income or how to Run a Facebook ad or how to do whatever they’re going to See that same article that you ranked So many years pass like I’ve got articles that I put up in January of this year, because that’s when I started really getting serious with my youtube blog and now they’ve got about 30,000 views, whereas that first day or those First, two days, They maybe only got like a hundred – maybe two hundred views.
Okay, So it’s just all that attention that builds up and you’re able to go through and create passive income. In the last six months, I’ve been able to grow this YouTube blog to making about twelve hundred dollars a month, a passive income. So Just think about it. I mean obviously that’s a little bit quicker than most people, because I’ve got somewhat small Channel. Still It’s about 8,000 subscribers, twelve hundred dollars a month, Whereas I know other people who have bigger blogs than I do like I’ve got.
A friend he’s got a blog with 300,000 subscribers and he’s only making about three thousand dollars in passive income, and that’s because the audience is just different right, so He’s going after an audience That is just always on YouTube and they’re, just kind of like read it Seen all these different ads, Whereas, like the audience that I target, is more business owners. You know real estate agents is people that are a little bit higher quality Of value to YouTube and to advertise when they’re going through and displaying their ads.
So, anyway, guys hoping this was helpful as far as like some different ways to go through And create passive income for your life and just think of that long-term mindset. Okay in five years in ten years, in like 15 years, What can you do? This may be adding $ 100 a month, a passive income to your life, So you’re adding $ 100 a passive income every single month by the end of the year after 12 months, You’re at 1200 dollars a month, a passive income.
Okay and yes, it’s not completely replacing your full-time job right now, But give it a couple years, give it three to five years and that completely replaces your full-time income, where, if you wanted to quit your job and focus a hundred percent full on on, You know, Creating a YouTube blog or creating a blog or any of these different things You go through, create that passive income and then the money you’re making from that you can go through and invest into real estate.
You can invest into stocks. You can invest in just a bunch of different things, But the key is you just got to start small, You got to start somewhere and the best time to start is right now, because you know, if you go down five years from now, Then you’re like man. I should have started creating passive income because believe me at some point, There’s going to be a time in your life or you’re like man.
I wish I had more passive income when you get to be about 50, 55, 60, 65 And you’re thinking about retirement you’re, going to wish that you had started earlier of creating that passive income So that you can go through and support your lifestyle. What, however, grandiose you want it to be, or, however, just small and simple Just be able to have that money coming in, so you don’t ever have to worry about finances ever again.
Alright, so you know you guys, if you guys enjoyed this article and you want me to make more articles about creating passive income and how to Do it with a youtube blog or a blog or different things like that drop, a comment down below, or Even just Kind of even building an email list and I’m more than happy to create more articles of how I’ve gone through and created Different passive income streams for myself and my life, my business and I want to be able to go through and share those with you Guys.
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