Just imagine we all have 24 hours in a day seven  days a week and if you can make your money work  
Just imagine we all have 24 hours in a day seven  days a week and if you can make your money work  

for you in all that time non-stop, no breaks,  even in your sleep find out how in this video  
for you in all that time non-stop, no breaks,  even in your sleep find out how in this video  

coming up. Hey everyone I'm Chris welcome back to  the channel where we talk about investing, real  
coming up. Hey everyone I'm Chris welcome back to  the channel where we talk about investing, real  

estate and saving money to help you guys achieve  financial freedom. So in today's video I'm going to  
estate and saving money to help you guys achieve  financial freedom. So in today's video I'm going to  

share with you guys my five passive income sources  I hope this video will be helpful to a lot of you  
share with you guys my five passive income sources  I hope this video will be helpful to a lot of you  

guys and give you an idea that not all income  sources comes from a nine to five. So what is  
guys and give you an idea that not all income  sources comes from a nine to five. So what is  

passive income? Passive income will mean different  to a lot of people but for me it is income that  
passive income? Passive income will mean different  to a lot of people but for me it is income that  

requires work at the start but after you set it up,  it will generate income for you with very little  
requires work at the start but after you set it up,  it will generate income for you with very little  

input. Some people think that because of the word  passive it doesn't require work at all and that is  
input. Some people think that because of the word  passive it doesn't require work at all and that is  

false nothing like that exists in this world and  if you want to build wealth you need to work for  
false nothing like that exists in this world and  if you want to build wealth you need to work for  

it. My number one passive income source is credit  card yes you heard it right credit cards I want  
it. My number one passive income source is credit  card yes you heard it right credit cards I want  

to mention this because not a lot of people are  taking advantage of credit card rewards. This is  
to mention this because not a lot of people are  taking advantage of credit card rewards. This is  

the only time i actually want to live in america  because they have so many options for credit card  
the only time i actually want to live in america  because they have so many options for credit card  

rewards but here in New Zealand it's quite limited  the card I use is the American Express Air Points  
rewards but here in New Zealand it's quite limited  the card I use is the American Express Air Points  

card because every hundred dollars you spend you  get one air points dollars there's no annual fee  
card because every hundred dollars you spend you  get one air points dollars there's no annual fee  

and if I can travel for free why not right? However  I also want to mention that this should be the  
and if I can travel for free why not right? However  I also want to mention that this should be the  

only time that you should use a credit card use it  to your advantage, for the rewards, for air points  
only time that you should use a credit card use it  to your advantage, for the rewards, for air points  

or whatever you need don't use it to create debt  and don't use it to buy a lot of [ __ ] you don't  
or whatever you need don't use it to create debt  and don't use it to buy a lot of [ __ ] you don't  

need or [ __ ] you can't afford. As passive  income goes this one is quite easy to set up  
need or [ __ ] you can't afford. As passive  income goes this one is quite easy to set up  

all the bills that will accept credit cards for  payments I set it up with my American Express  
all the bills that will accept credit cards for  payments I set it up with my American Express  

and all my lifestyle expenses I just use my credit  card and accumulate a lot of air points because  
and all my lifestyle expenses I just use my credit  card and accumulate a lot of air points because  

of that. My number two passive income source is  the principal pay down on the rental property. I  
of that. My number two passive income source is  the principal pay down on the rental property. I  

have to admit this was really stressful at the  start because everything happened in one week  
have to admit this was really stressful at the  start because everything happened in one week  

upon settlement I had to get the roofers to change  the roof and change the insulation, I placed an  
upon settlement I had to get the roofers to change  the roof and change the insulation, I placed an  

ad on Facebook marketplace to get tenants, did  an open home, I moved the tenants in and also I  
ad on Facebook marketplace to get tenants, did  an open home, I moved the tenants in and also I  

had to read up on all the regulations regarding  tenancy because I was managing the property myself  
had to read up on all the regulations regarding  tenancy because I was managing the property myself  

and on top of that I was also working as a nurse  however it's really good now we barely do anything  
and on top of that I was also working as a nurse  however it's really good now we barely do anything  

for the property aside from doing the quarterly  checks and checking my bank account for the rent  
for the property aside from doing the quarterly  checks and checking my bank account for the rent  

and I can honestly say it's 100 percent worth all  the stress at the start. I've mentioned in  
and I can honestly say it's 100 percent worth all  the stress at the start. I've mentioned in  

a previous video before that there's no cash  flow yet from our rental property and that's  
a previous video before that there's no cash  flow yet from our rental property and that's  

because I want the principal to get paid as fast  as it can. Every month we're paying principal and  
because I want the principal to get paid as fast  as it can. Every month we're paying principal and  

interest and after the interest $1150 goes towards  the principal the rent covers all the mortgage  
interest and after the interest $1150 goes towards  the principal the rent covers all the mortgage  

repayments we don't have to worry about it. Going  forward the interest becomes less and less and  
repayments we don't have to worry about it. Going  forward the interest becomes less and less and  

the principal will be paid in full eventually so  that's my passive income source in the form of  
the principal will be paid in full eventually so  that's my passive income source in the form of  

principal pay down. My third passive income source  is the capital gains on our properties and this is  
principal pay down. My third passive income source  is the capital gains on our properties and this is  

still related to owning real estate. For example in  2016 when we bought our first property we bought  
still related to owning real estate. For example in  2016 when we bought our first property we bought  

it for $500,000 and because of the house prices in  New Zealand getting super inflated if we sell it  
it for $500,000 and because of the house prices in  New Zealand getting super inflated if we sell it  

now in 2021 we will get $710 to $760,000 because  that's the market value at this moment in time  
now in 2021 we will get $710 to $760,000 because  that's the market value at this moment in time  

so that's a 40% return of investment or $200,000 in capital gains. New Zealand still has a housing shortage and we're planning to
so that's a 40% return of investment or $200,000 in capital gains. New Zealand still has a housing shortage and we're planning to

keep our properties long-term anyways our capital gains will still increase every year however 
keep our properties long-term anyways our capital gains will still increase every year however 

even though we're not selling we're still taking advantage of capital gains and equity and  that's how we bought our investment property in 2019  
even though we're not selling we're still taking advantage of capital gains and equity and  that's how we bought our investment property in 2019  

and now we still have the opportunity to buy more  properties or build more properties and not only  
and now we still have the opportunity to buy more  properties or build more properties and not only  

is capital gains a great source of passive income  it's also a good way to build wealth. My fourth  
is capital gains a great source of passive income  it's also a good way to build wealth. My fourth  

passive income source are my investments in the  stock market. Initially this definitely took a lot  
passive income source are my investments in the  stock market. Initially this definitely took a lot  

of time to learn I paid for a course I think it  took me about a month and I did a lot of trades  
of time to learn I paid for a course I think it  took me about a month and I did a lot of trades  

back then because every trade you do you learn  something new and also you gain more confidence in  
back then because every trade you do you learn  something new and also you gain more confidence in  

yourself and in your skills so like i said I did a  lot of day trades or swing trades but now I prefer  
yourself and in your skills so like i said I did a  lot of day trades or swing trades but now I prefer  

to hold on to stocks long term because it's just  better for me because the stock market in the U.S.  
to hold on to stocks long term because it's just  better for me because the stock market in the U.S.  

opens at 3:30 a.m here in New Zealand so it's not  a very ideal situation for me and that's another  
opens at 3:30 a.m here in New Zealand so it's not  a very ideal situation for me and that's another  

reason why I want to live in America i feel like  in America there are so many opportunities to  
reason why I want to live in America i feel like  in America there are so many opportunities to  

build wealth but I guess there's a lot of  opportunities anywhere you just have to make  
build wealth but I guess there's a lot of  opportunities anywhere you just have to make  

do with what you have. So anyway I actually have  two passive income sources with my stock so number  
do with what you have. So anyway I actually have  two passive income sources with my stock so number  

one would be my dividend income if you don't know  what it is it's a company's way to thank their  
one would be my dividend income if you don't know  what it is it's a company's way to thank their  

shareholders for investing with them so it's  either in the form of cash or in the form of  
shareholders for investing with them so it's  either in the form of cash or in the form of  

more shares into their company. My second passive  income source is the price increase with my stocks  
more shares into their company. My second passive  income source is the price increase with my stocks  

so for example last year I bought a lot of Tesla  stocks in December 2020 and then now in less  
so for example last year I bought a lot of Tesla  stocks in December 2020 and then now in less  

than a month my return of investment is almost  30 and I do very little with it now aside from  
than a month my return of investment is almost  30 and I do very little with it now aside from  

check it maybe once a week and I plan to keep  this long term. My fifth passive income source  
check it maybe once a week and I plan to keep  this long term. My fifth passive income source  

is this youtube channel and although it's not a  lot of money youtube actually pays me regularly  
is this youtube channel and although it's not a  lot of money youtube actually pays me regularly  

for the videos that I make and when it comes to  video creation when I film something like this  
for the videos that I make and when it comes to  video creation when I film something like this  

it takes me about an hour to film because I still  struggle when talking in front of a camera and I  
it takes me about an hour to film because I still  struggle when talking in front of a camera and I  

think it's because english isn't my first language  and editing takes me about maybe four to six hours  
think it's because english isn't my first language  and editing takes me about maybe four to six hours  

including creation of the thumbnail and after  all that is done my videos will generate passive  
including creation of the thumbnail and after  all that is done my videos will generate passive  

income year after year as long as the content  that i create provides value to a lot of people  
income year after year as long as the content  that i create provides value to a lot of people  

before 2020 I was actually making different videos  because it was just a hobby for me and it was only  
before 2020 I was actually making different videos  because it was just a hobby for me and it was only  

last year that i realised that I should talk about  my passion and thanks to you guys it's possible  
last year that i realised that I should talk about  my passion and thanks to you guys it's possible  

that I have youtube as a passive income the  biggest takeaway I want you guys to get from this  
that I have youtube as a passive income the  biggest takeaway I want you guys to get from this  

video is to find ways to make money work for you  just imagine we all have 24 hours in a day seven  
video is to find ways to make money work for you  just imagine we all have 24 hours in a day seven  

days a week and if you can find ways to make money  work for you in all that time non-stop no breaks  
days a week and if you can find ways to make money  work for you in all that time non-stop no breaks  

even in your sleep then you will be so much better  off when you retire. Although I have to admit, it  
even in your sleep then you will be so much better  off when you retire. Although I have to admit, it  

takes money to set up a good passive income source  so if you want to check it out I actually have  
takes money to set up a good passive income source  so if you want to check it out I actually have  

a whole playlist about saving money I'll put it  right here so you can check it out after the video  
a whole playlist about saving money I'll put it  right here so you can check it out after the video  

thank you guys so much for watching for putting  up with me and I'll see you guys next time bye.
thank you guys so much for watching for putting  up with me and I'll see you guys next time bye.