John Crestani here and I'll be going over today how to make true passive
income. So, I see a lot of people talking about passive income, passive income,
passive... And a lot of the methods they're teaching it's not real passive income.
I'm going to be showing you ways that you don't have to do any work. Like zero work
and have the money come in on this video. And I'll be listing them all out right
here. Giving you examples of each of them.
I'm going to go over six methods to make passive income .aAd keep in mind that
these methods are not ranked in any order. I put numbers to them but they're
not it's not like one is better than the other. But these are going to be truly
passive income methods. Passive income means you don't have to work for it.
Means you don't have to actually have really anything going on. You don't have
even have to have a website. You shouldn't have to... You don't have to pay
any bills. It just comes in and it goes to your bank account there's nothing
going out. There's no work or any money you have to spend to get it. So, let's go
over the first one which is writing a book, okay? Now, this process has been made
very easy through the Kindle Store. Now, if you go on amazon.com, you can find... The
Kindle allows you to self publish using Amazon. So, you don't no longer have to
deal with publishers other than Amazon. You don't have to warehouse your book.
You don't have to produce your book. It's literally an e-book. All you have to do
is write it. And Amazon whether you don't need a website or anything for it. You
just let Amazon host the book for you. Sell the book for you and that's it. So,
writing a book is a very good way to make passive income. Now, the second
method to make passive income is a pretty interesting. And it's called
peer-to-peer lending. Sort of like an investment. But you don't even have to
actually invest if you're using peer-to-peer lending. You can actually
use your own credit. So, if you just have a credit score, you can use your credit
score to make money. Peer to peer lending. You can also loan money. And what
these are is micro loans. So, in the past or you know still in today, big banks
loan people money because banks have all the money. But nowadays, because of the
internet essentially, anybody can loan anybody else money. And these micro loans,
you I think on average about 11%
interest on. Which is really good. That's a much more money than you'd earn if you
keep it in a bank. You know or you know that's like 2% or if you keep
it in. Even just like you know, money market accounts like 4%. The
next one you know, what am I going to finish writing? Does anybody know?
Comments, baby. Affiliate marketing. If you've been following from me for a
while, just give this video like. If you're doing affiliate marketing, write
down in the comments if you're doing it. Let me know how you're doing it. I'd love
to know if you're doing affiliate marketing with you know Pinterest or you
know, Pinterest and Clickbank, right? Or if you're doing it with you know Google and
share a sale. Or you know Facebook and Commission Junction. Whatever you're
doing, let me know. But affiliate marketing is how I earn a lot of money.
And I have multiple income streams within affiliate marketing that pay me
out residual commissions. A lot of people do affiliate marketing the wrong way and
they don't earn passive income, okay? There's... Most ways of affiliate marketing
will not earn new passive income. The way I recommend people do it is you do
programs which pay you recurring commissions, okay? Now, if you get one sale,
let's say I go really hard I'm doing a lot of affiliate marketing. If I shut
down everything today, if I shut... If I stop paying all my website bills, I just
didn't have any presence online, I deleted my YouTube channel I just said,
"Screw it all." I would still have commissions coming in to me every single
month because I've joined a number of affiliate programs hosting companies. You
know, training companies, etc that pay me recurring commissions. I make roughly...
It's something crazy like 60 or 70 thousand dollars a month just recurring.
So, if I shut down everything I'd still be making... You know go down over time, you
know be 70, that'll be 60 then it'll be 50. And that's how you make passive
income. You do a lot of work but then it's passive. The next
method to do to get passive income is one of my favorites. You're watching it
right here, baby. It's YouTube. Start a YouTube channel. The YouTube channel
isn't going to be passive income if you're posting up videos every day, right? Like
I'm here doing work. This isn't passive. But you know, I had
videos from years ago that are still getting a lot of views. And
not years ago... I mean, it's been like a year or something. But I have a video
from like a year ago that's still getting lots of views and I make money
from it. And I only make you know a couple hundred bucks a week or something
like that. But I don't have to do any work for those videos. Those videos are
hosted by YouTube. They're there. People buy ads on them. So, I make money on them.
So, very easy to do a YouTube channel. I think it's great you have to be
entertaining. You have to be comfortable to get in front of a camera. And you have
to have something interesting to say. There's a lot that goes into YouTube and
you need to hire good editors if you really want to do it right. Or you need
to learn editing. But everything you can do from your mobile phone. So, you really
don't need any money to get started on YouTube. And it can become a large
passive income source. The next one is stock investing, okay? So, you can invest
in stocks. And stocks will earn you money. You don't actually have to do any work
for it. Because you what you're doing is you're letting your money work for you.
That's passive income. You're not doing any work for it. It's just sitting there
working for you. And the real way to retire is when you have enough passive
income to support the rest of your life. And if you were just to go off of stock
investing and very let's just say, conservative gains. Conservative
portfolio would gain about 4% a year. So, if your lifestyle costs $40,000
a year, then you need a million dollars in stocks and you are retired.
You have enough passive income to supplement your lifestyle. And you will
never have to work for the rest of your life. As long as you don't go about
40,000 a year. Now, the last passive income method is real estate investing.
Or abbreviated REI. And real estate investing, I kind of recently got into it.
I'm not really big in a real estate investing. I bought my first investment
property. But it's really just a piece of land. So, I'm not actually making money
from it. It isn't creating me any passive income. But there are ways to do real
estate investing such as buying duplexes or buying you know four unit apartment
buildings or stuff like that where you have people paying you rent every month.
And they're paying you more rent than what your mortgage or your loan is on
the property. So, that's a really great way to get passive income as well. But I
don't believe real estate investing is as
as people make it seem. Let me know in the comments below what method was the
most interesting to you to create passive income. Was it writing a book? Was
it p2p lending? Was an affiliate marketing? YouTube? Stock investing? Or
real estate investing? Let me know in the comments below. I'd love to hear what
you're most interested in. And whichever one gets the most votes or comments, I
will end up doing a video going more in-depth on that. I actually don't even
think I've done a recurring revenue affiliate marketing video. I'll probably
do that anyways. All of these methods are great ways. Build up that passive income
because that's how you retire. And that's really the important thing. You'd like to
never anyone to be great you never have to work again. Even if you wanted to, to
never have to. And just always have that safety net of money coming in. So, you
make sure to LIKE, subscribe. And hit the notification bell to get future
video updates of when I believe releasing them. I could talk about a lot
of things on this channel. If you want to learn just how to start as an
entrepreneur, I'm putting a link to the playlist. Somewhere around here which
goes into the mindset of my friend drew Canole. Owner of a 50 million dollar a
year company --Organifi. He talks, gives great life lessons on how to be an
entrepreneur. And also as always check out all of my content. I go over a lot of
free traffic methods how to make money with your computer and do affiliate
marketing which is my main thing. Talk to you soon. See you.