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I Passively Made $24,239 Extra Last Year (How much I made on Youtube) - YouTube
Channel: unknown
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hey i'm andy and this video is about the
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holy grail of making money
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passive income passive
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income that looks pretty good
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so can you make money while you sleep or
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is that just an idea that people
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who make videos in front of their
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lamborghinis try to sell you is passive
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income actually achievable
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is it something anyone can do how many
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more questions will i ask
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eight i will ask you eight more
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questions before this video is finished
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i spoiled it
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so plut by the way plum plus apricot
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well i'm just a guy from the internet am
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i from the internet or am i on the
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internet
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which the internet as you know is a
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series of tubes but i've been able to
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achieve
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several different passive income sources
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if i can do this
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so can you some of the ideas i'm going
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to cover have the potential to earn
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quite a lot of money over the long haul
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last year i earned 24
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239 dollars with these passive income
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sources
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not including my investments if in any
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of my previous videos you noticed that
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where is it there it is that youtube
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play button over my shoulder
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we're going to talk about that too so
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what is passive income
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it's making money while you sleep or why
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you sip mojitos on a tropical beach
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with absolutely zero work involved right
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nope
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i don't think that type of passive
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income exists if it does exist
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and you know where to find it let's talk
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seriously
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call me i believe that even the easiest
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passive income sources will require
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some work at least at the beginning
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though for the truly big passive income
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sources i think they require a lot of
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work at the beginning
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and then some during the process to
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maintain okay
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excited let's dig in the first one i
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want to dive into is youtube
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where this video lives this is a youtube
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video did you know that
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youtube has been the single biggest
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source of passive income
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that i've had at this income source's
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peak it was earning over two thousand
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dollars in ad revenue a month so in 2015
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i started a youtube channel called
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burger fiction with my friend jonathan
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hi jonathan
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we worked insanely hard sometimes 30
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plus hours per video and we built that
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channel up to over 150
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000 subscribers and over 65 million
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views i still can't wrap my head around
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that along with ad revenue we would make
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money from sponsorships
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and other opportunities the majority of
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the ad money came from videos we had
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already made
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and they continued to make us money with
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no input from us for the three years
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that the channel was monetized it made a
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total of thirty four thousand
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six hundred and four dollars and
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thirteen cents which is about thirty
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dollars a day on average
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in 2019 though it was trending towards
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54
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a day in ad revenue unfortunately for us
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things
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changed on youtube and the channel was
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officially demonetized and no longer
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makes ad revenue this is because youtube
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doesn't want to deal with the legality
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of monetizing movie super cuts
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big bummer but it was still very worth
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the time and effort we put into it
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it also proved to me that this was a
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viable source of income and still an
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opportunity if i were to choose a
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different
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content path this is what motivated me
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to start this channel
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hello one because i'm excited to talk
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about these topics but two
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because i know it can eventually make
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money and make all the time and effort i
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put into it
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worth it this is number one on my list
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because it was my biggest passive income
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source
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it's also number one because i think
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anyone can do it almost everyone has a
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smartphone
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with a camera that is better than the
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video cameras i
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learned video making on which is wild if
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you can put in the work
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find a niche create quality content
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create it with regularity and
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work the system you can make passive
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income from youtube as well
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number two twitch much like youtube you
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can create video content and monetize it
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but twitch is a very different beast
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than youtube it requires a different way
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of thinking different strategies and a
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whole other set of skills now
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this is a source of passive income that
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i enjoy but put
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almost no effort into i shouldn't say no
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effort i have put in quite a bit behind
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the scenes but this is one of my wife's
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passive income sources yay marriage she
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streams herself
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practicing and playing her piano twice a
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week on twitch she doesn't sing
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she just plays her piano for people
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chats with her viewers and interacts
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with the community she's been building
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her twitch stream for almost three years
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and has been slowly growing it over time
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she averages about 450 a month from
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twitch subscriptions and ads
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on top of that she also receives tips
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but those amounts are much more variable
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month to month there are people on the
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platform
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that play video game sing and play music
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just chat
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dance do asmr create art do podcasts
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cook food workout travel etc etc like
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youtube there are so many things you can
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do on twitch but the key takeaway here
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is that anyone can find something they
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love to do
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figure out how to build an audience
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around it and then make
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money passively even when they're not
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streaming on the platform so
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if you want a truly no work passive
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income source
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just marry someone who has one top tip
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number three
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print on demand now print on demand is
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pretty neat and comes in a lot of
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flavors
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i like chocolate i think there are cool
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opportunities to do print on demand
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customized products like shirts and mugs
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and art etc
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i haven't tried any of that stuff myself
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but i know that people make money with
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it
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where i have made money with print on
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demand is with photo prints my
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photography business
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made about 3 200 last year in print
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sales these are images i put onto our
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online store
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and then customers could go buy them
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whenever they want
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with no input from us i've also
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experimented with this just a little bit
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with my personal travel photos that have
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nothing to do with
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my main photo business now i put very
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little effort into this so i haven't
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made much in the way of sales definitely
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something i want to put more focus on in
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the future
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and i've only made a few hundred dollars
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with these images and that was mostly to
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my dad
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so thanks dad number four royalties
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selling stock video audio music or
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photos can be a great passive income
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source
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this is one i've made hundreds of
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dollars with but not yet thousands as
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someone who has been a creative
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professional for over a decade i have
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lots of photos
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and videos i could be monetizing that
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otherwise sit idly on hard drives i
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could also be looking for relevant
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opportunities to create new images and
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videos that i think could sell i think
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this is a no-brainer for myself but i
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also think it's a great fit for anyone
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who is either a hobbyist or professional
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photographer videographer
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as a video maker i have used so much
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stock music over the years
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i've used so much of it that i started
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to hear the same songs all over youtube
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and in other videos online
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maybe you can relate for the amount of
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video content that is put out all the
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time
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there is a really and relatively small
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amount of good
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quality stock music so if you are a
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musician and can make
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songs that are better than 50 of what's
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currently available
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and make a lot of it i think you can
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make really good money with this one
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number five
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high yield savings account this one
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is so exciting even the highest yield
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savings accounts will not
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beat the inflation rate especially right
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now but they are still a great place to
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keep money
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that needs to remain accessible like an
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emergency fund
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do you have one if not please start one
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so if you're going to keep
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large amounts of money in an account you
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might as well earn
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something on it so it's not just losing
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value this is where a high yield savings
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account is great it's completely passive
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and hands-off and it helps partially
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offset inflation
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two of my favorite high yield savings
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accounts right now are ally bank
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and discover number six cash back
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rewards
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cash back rewards are a great way to get
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free money passively when you make
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purchases you would have made regardless
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we've earned thousands of dollars in
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travel rewards through our chase
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sapphire credit card
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the catch here is that you should only
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be spending what you would have spent
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if you didn't receive rewards credit
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cards can be great and you can take
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advantage of some pretty sweet reward
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programs
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but it only makes sense if you stay on
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budget and pay them off in full
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every month if you start to carry high
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interest credit card debt
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the rewards are completely negated
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number seven investing
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investing is one of the truest forms of
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passive income there is very little
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input and maintenance required on your
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part and investing is available to
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almost anyone you invest money and then
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you passively make money over time now
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there are lots
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and lots of options with investing and i
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don't think there is any
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right or top answer to where you put
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your money because everyone has
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different goals and needs
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however i think if you fit the
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requirements a roth ira is one of the
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strongest options here's a video about
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that
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beyond that i think investing in index
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funds and dividend stocks are great and
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with dividend stocks you get paid
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dividends every month
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quarter or year that's money in your
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pocket passively on the regular
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number eight crypto currency you know
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them fake digital dollars what is that
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voice
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okay this one is a bit controversial and
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i would recommend
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most everything else on this list before
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you start putting
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any time or money into cryptocurrency
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that said i think this one is really
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exciting and has
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massive future potential there are a lot
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of ways to have passive
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cryptocurrency income i make money every
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single day
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through staking running nodes in servers
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and from mining staking is like a high
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yield savings account
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if staking is available for a crypto
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asset you hold it in your digital wallet
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and over time it earns you interest this
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is the smallest piece of my crypto pie
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i make between 40 to 65 dollars a month
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with staking
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i primarily stake two crypto currencies
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called xlq
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and veil running a node or server
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sometimes called a masternode is a
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pretty cool option
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however it is very tough to figure out
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which coins and projects are scams
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and which ones are legitimate it can
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take a lot of research and due diligence
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also as with everything if it sounds too
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good to be true
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it is so if you see a cryptocurrency
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that has a node option
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or a masternode and they are advertising
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1 000 to 3
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000 returns then run far far away
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one of my top five cryptocurrencies i
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hold is called zell
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it's actually my second biggest crypto
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holding after bitcoin it's a fantastic
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project with a great team
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they are building a computational
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network made up of online servers that
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can be built on by
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developers these servers are very
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powerful and the collective compute
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power behind them is impressive
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if you run one of these servers you're
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rewarded with zell every day which you
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can then cash in or hold on to as a
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future investment
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which is what i do i also run servers
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for a cryptocurrency called
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nizo between the two of these i make
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about 375 dollars a month running these
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servers
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crypto mining is where you run computer
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hardware yourself that either creates
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and mints new coins or verifies
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transactions on the network and makes a
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reward
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this is by far the most complicated of
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these methods i'm talking about here
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so i can't do it justice in a short
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amount of time this is also a much
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longer term investment because of all
[653]
the equipment and other considerations
[655]
right now i'm making a little over 380
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a month running mining rigs with all
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these numbers there are also costs
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involved in running
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all these things but that will vary
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greatly depending on what you're doing
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where you live and what currencies
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you're interested in lastly there is
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just simply investing in
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cryptocurrencies
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this is what i do the most by far like
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investing in the stock market
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you put money in with the hope that
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later what you put in is worth a lot
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more
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now 90 of the money i put into
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cryptocurrency goes into bitcoin
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in the three years that i have been
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seriously investing my current roi
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is around 60 but i still have a hard
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time advocating anybody put their money
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anywhere else in crypto besides bitcoin
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unless
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they have spent time investing first in
[696]
research and education in the space
[698]
number nine affiliate links there are
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two types of affiliate links that
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i will briefly cover here one is what
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most people talk about which is the
[705]
amazon affiliate program the second is
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affiliate or referral links for other
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services or products
[710]
with amazon affiliate links you can link
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to products and if someone buys that
[714]
product
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via your link you get a little kickback
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you could
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write a blog post reviewing the best
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phone cases and link to each on amazon
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or you can make a youtube video
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reviewing a cool smart
[726]
led light bulb and link that back to
[728]
amazon
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if you do this many times over and work
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hard on your search engine optimization
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then you can eventually start having
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your posts
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or videos surface and people's google or
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youtube results and if some of those
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people
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buy those products you make money
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utilizing links in a similar way you can
[744]
use referral
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or affiliate links for so many other
[748]
companies or products
[749]
not related to amazon an example would
[751]
be something like making a video or
[753]
writing an article reviewing different
[755]
investing apps
[756]
brokerages like m1 finance robinhood
[759]
weeble
[759]
all offer affiliate programs that will
[761]
reward you if you get people to sign up
[764]
or you could make a video talking about
[766]
your favorite skillshare
[768]
classes and then put up your skillshare
[769]
referral link in the description to make
[771]
money
[772]
when people sign up there is an insane
[774]
number of possibilities with this one
[776]
number 10 online courses speaking of
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skillshare
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if you have any skills that you spent
[781]
time learning then there are likely
[783]
people out there who will also want to
[785]
learn those skills
[786]
if you can teach your skills once to the
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camera and record it with high quality
[790]
then you can repeatedly teach people
[791]
that skill and make money with little
[793]
additional work
[794]
my friend paul is a professional dancer
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and twitch streamer
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he has taught in-person dance classes
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for years but just a few months ago he
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decided to try out skillshare with his
[803]
friend and dance partner laura he
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started creating a few classes
[807]
on dance and is already making fifty
[809]
dollars a month now
[810]
fifty dollars a month might not
[812]
initially sound like a lot but consider
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that number can grow
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and also that the work he put in the
[817]
beginning can continue to make that
[819]
money
[820]
month over month with little effort on
[821]
his part not only that if he continues
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to add more classes continues to learn
[825]
the platform that number can grow even
[827]
more it's a pretty exciting idea to me
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and i can see why he's already been
[830]
putting
[831]
time into it i'll link to his classes
[833]
down in the description below number 11
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rental income having a tenant in a
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property that pays you each month is
[839]
something that appeals to me it's
[841]
something we are saving towards to buy
[842]
another property in the not so distant
[844]
future
[845]
if you make enough profit and hire
[846]
people to do the management maintenance
[848]
etc then this one can be completely
[850]
hands off and passive though i will
[852]
likely not go this route and instead opt
[854]
for the
[854]
mostly passive option which is doing
[857]
occasional work myself to maximize
[859]
profits
[859]
another cool idea with real estate
[861]
rental income is you could do a house
[863]
hack
[864]
this is where you buy a house with
[865]
multiple units duplex triplex etc
[868]
or a house with a secondary residence on
[870]
the property
[871]
this lets you buy a house to live in and
[873]
then rent the other part out maybe even
[875]
completely covering your mortgage and
[876]
other costs number 12 and the last one
[879]
air b and b like standard rental income
[882]
you can make money
[883]
with someone staying in a property you
[884]
own we have a 1964
[887]
gm bus that used to be a greyhound bus
[889]
sitting in our backyard
[890]
it's 35 feet long and beautifully
[892]
vintage we currently make
[894]
zero dollars with this i will be making
[896]
a video tour of it soon where i go into
[897]
the cost and plans and then another
[899]
video in the future with an update once
[901]
it's making money now we have made money
[904]
with airbnb
[905]
we have rented out our house during one
[906]
of the big festivals that happens in our
[908]
city we rented our house out for 500
[910]
a night for a total of five nights just
[912]
a total of twenty five hundred dollars
[915]
math this is what awakened us to the
[916]
potential of the platform while the big
[918]
festivals have been canceled for the
[919]
foreseeable future
[921]
there is still a big opportunity to make
[923]
money on airbnb
[924]
instead of traveling internationally
[926]
this year people are looking for
[927]
staycations and they might be more
[929]
likely to book a home
[930]
or other space away from other people
[932]
than stay in a hotel okay
[933]
if you made it to the end
[935]
congratulations that was a lot of
[937]
information
[937]
i hope you enjoyed this list of what i
[939]
think are realistic passive income
[941]
sources hopefully you will feel inspired
[943]
to do some of these yourself
[944]
let me know in the comments what passive
[947]
income you want to work towards or
[948]
if you are already making passive income
[951]
let me know what it is
[952]
how it's going i'd love to hear from you
[954]
i don't care who you are
[956]
where you're from what you did as long
[958]
as you love me
[959]
see you later
[972]
[Music]
[979]
foreign
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