in this video I'm gonna show you how I created five streams of income that pay
me each month and I'm even gonna show you some of the specific tools and
strategies that I use to help make them happen and the last one was my favorite
because it's a hundred percent passive and it literally makes me money while I
sleep and we haven't met my name is Bob Lotich so good to meet you and on this
channel we talk about ways to put more money in your pocket practical tips and
strategies and then we also talk about some of the timeless biblical principles
on how to manage our money wisely so if you are new here glad you are here now
let's get to it alright so first on the list for me is my blog and this was the
thing I started actually in 2007 while I was working a full-time job and it
became just a side income and it eventually grew to the point where it
was my full-time job you need to just give you a high-level
overview of what I did to kind of grow that blog and get traffic to it and then
therefore earn money from it I just began doing keyword research basically
finding out what people were searching for in Google and then I just answered
their questions by writing blog posts to answer that specific question and so
Google actually makes this really easy to do some low level keyword research so
you can actually just go into Google and start typing a particular word or phrase
and it's gonna all of those phrases are things that people are typing into
Google and so it's a really easy way to tell what people are searching for on
Google and then once you know that you can write contact directly towards that
and answer their specific questions and if you do it makes Google happy and that
really was a gist of how I got started how I began growing traffic and how I
began earning some money from my blog and next on my list was writing a Kindle
book and I actually did this as an experiment I had a blog post that was
really long really thorough and that was really popular and so I figured maybe
I'll try to turn this into a Kindle book and I had no idea how difficult it would
be to write a Kindle book but it turns out it's actually very very easy to
upload a book on the Kindle platform pretty much all you need to do is put a
book together in Word doc format and there's a website that I've used many
times called Fiverr where you can get an e-book cover created for five dollars
and additionally if you have any problems formatting your book in Word
they somebody can do that for you for five dollars as well now as you might
expect if you're paying five dollars for a book cover or for formatting it might
not be the highest quality in the world but it will get the job done
if you have more money to spend you can go other places and spend a little bit
more money and get an even higher quality product and so for me I've now
created about four or five different Kindle books over the years and the
first one being about eight years ago and even that one to this day is still
earning me money each month as people download it and buy it and next on the
list is selling online courses and this one is a little bit more work but it's
gotten so much easier I actually created my first online course probably seven or
eight years ago and it was a ton of work not just the content creation but
actually structuring is the website and all the different tools that you need to
work together to provide kind of a course structure it was just really
really difficult and it's become so much easier now and the new platform that I'm
using I'll have a link down below if you want to check it out it just makes it so
simple like you just log in and upload your videos or if it's a text-based
course you can just kind of copy and paste your text in there they have like
all the check out stuff done for you it's just really really simple and so
you don't even need an actual website because it all can be hosted on their
server and so even if you just have an Instagram account that you could point
people over to your course like you can do that and now is just a great time for
this because online education is just becoming more and more popular and
people are realizing that there's a wealth of knowledge that people can
learn from online educators like you and me in that they don't have to learn from
a traditional brick-and-mortar school like we all had to in the past and so a
question to ask yourself is do you have any skills is there anything that you do
and it can be so incredibly specific maybe it's how to do dog training with
cocker spaniels you know it could be that specific and a lot of times that
actually makes it easier for you to stand out by having a really specific
and focused course alright next on the list is YouTube so this right here this
is it this is one of my streams of income that I love and so for me it was
about six or seven years ago I uploaded a few worship songs that I recorded with
my wife up to YouTube just to see what would happen and some people started
listening to them and they started getting a little bit more views and a
little more attraction then we hooked up the Google Adsense account to it and
then we started getting paid for people to watch the videos and so that kind of
whet my appetite a little bit and then early last year I decided to really
focus my energy on this channel and start talking about practical money
management tips and start talking about some of these things I'm learning in the
Bible about money and how fascinated I am
about how these two intersect really really well and so we've been focusing
our energy on creating content for this channel and it's just continued to grow
and as a result our income has continued to grow from it and so it really can be
a viable source of income if you can kind of create some videos targeted
towards a group of people and and help them out a little bit alright and next
on the list is one of my favorites and it's online real estate investing and
what I love about this like I mentioned at the beginning is that it's a hundred
percent passive I don't have to do anything and the checks just come to me
now it does obviously take some money to get started to earn it but just as kevin
O'Leary says from shark tank he wants to see his money making money for him and
that's really really fun when you can start to see that happening now I
actually did an entire separate video about this which you can check out above
and it kind of covers all the details about it and how I actually learn more
from this than I did my physical real estate investment so check that out if
you want any more info about that all right I'd love to hear from you if you
have any other streams of income share them down in the comments let me know
and for even more ideas I'm gonna point you to this next video here where I'm
going to walk you through 12 different side hustles to consider different ways
you can make some extra cash on the side without spending a whole lot of time and
then actually pay for it well alright so check that out if you need any
additional ideas and that's all for now so be blessed be a blessing and I'll see you soon