Ideas mentioned in video: 1. Sell something online 2. YouTube account 3. Affiliate marketing / influencing 4. Index funds / dividend stocks 5. Royalties (e-books, photos, music) 6. Real-estate crowd funding 7. Crypto coin staking 7.5. Crypto coin lending
My dream isnāt even to become a millionaire, itās just to make enough money where I feel comfortable to not only meet my financial needs but also support my family stress free
The thing to me is, if you invest and have other income outside of dividends then you will be able to live off dividends without selling. Which means you can pass that on to your kids which will give them a leg up in life. $52k dividends received in 2022.
It is not always fear. Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value.
Munger and Buffett have both achieved an incredible feat with Berkshire. They've turned thousands to billions, and have made a lot of people wealthy in the process. I really saw the potential of the stock market by reading Berkshire's annual letters. I recently sold my $674k apartment in the Bel Air area and I'm hoping to throw it into the stock market. I just don't want to lose everything.
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.
āBut look at what youāre watching now, itās just a ā¦regular pile of garbageā Your dry humor is amazing. Leaving a like and a comment. Thanks for the info! Keep up the good work!
If you're looking to get rich quick then the stock market isn't for you. You've got to overcome your nerves and look at the bigger picture long term.
I'm so happy i made productive decisions about my finances. I'm a single mother, Bought my second house last month and looking forward to my retirement next year if things keep going smoothly for me.
Most times it amazes me greatly the way I move from an average lifestyle to earning over $50,000 per month .. Owning a passive income has turned from a being a luxury to a necessity š
I'd be retiring or working less in 5 years, and I'm curious how others split their pay, how much goes into savings, shopping, or investing; I earn roughly $250K per year but have nothing to show for it.
Roughly $120K in my portfolio are in tech/TSLA stocks, can I get an advice on any other stocks that I can acquire to diversify my reserve across multiple markets while creating a comprehensive portfolio allocation that balances my concerns of risk aversion and returns that meet yearly inflation.
I love your tutorials and money making methods, I am still learning a lot but I feel and believe your are the right people to help me make money...Keep up the good work & God Bless You..
These are fantastic takes, I feel exceptionally lucky I started investing in my early 30s and consistently compounded my income via assets to create more cash flow. I grew to a 7 figure well-diversified portfolio having exposure to different prolific lnvestments mainly savings account, stocks, ibonds and high yield dividend funds. Forever grateful to my adviser James Fletcher Brennan. Passive income is mandatory for building long term wealth.
More reasonable timestamps: 1:23 1. Digital assets. Things like Excel templates or anything that can be sold infinitely. Expand from there 3:43 2. YouTube 7:24 3. Affiliate marketing 8:47 4. Buy stocks, particularly index funds 12:18 5. Royalties, such as from ebooks 14:34 6. Real-estate. If too expensive, check out real-estate crowdfunding 16:16 7. Crypto staking 18:20 7.5 Crypto lending You're welcome
i stopped working in hospitality industry. damn , your work hour is not from 9-5 like what most people said., but here its like 8AM- 12midnight esp when you work in office. then you go back home and reach home at like 1:30 am and sleep at 2 am. go to work by 6:30 am . urghh.. although we have office schedule/hour rotation, in hotel industry its mostly like this. quit and start my own business, and get into crypto and i feel more fulfilled now. This channel is really amazing. Really help many lives a lot.
yeh, its those who say "its so easy, everyone can do it!" ...then why isn't everyone doing it? it sounds scammy especially when there is an overlly expensive item (lambo, tesla, multimillion $ mansion, etc) in the background like that says that everyone should have one of these.......... but Vincent does point us to the right path, good job man
Amazing video on passive income ideas! It's so important to have streams of income that don't require constant effort and attention, and your suggestions are spot on.
Iāll save you some time. Thereās no easy way to make 500 a day.
@VincentChan