7 Passive Income Ideas - How I Made $19k in a Week
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- čas přidán 18. 05. 2024
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In this video, I cover 7 passive income ideas, including two that enabled me to make $19,000 in a week.
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⌚️Timestamps:
00:00 Introduction
00:43 Real Estate (2 types)
02:42 Creatorpreneur
04:18 Online course
05:31 Dividends
06:41 Digital Products
08:00 Affiliate Marketing
09:22 Productised Service
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DISCLAIMERS & DISCLOSURES
This content is for educational and entertainment purposes only. Nischa does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
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please consider doing a tutorial video for this tracker
You should do modeling.
Hi @nischa, do you ever have q and a?
Is there an email specifically for this? Thanks for your videos
A comprehensive video tutorial please
I agree that many people are considering NVDA as the "Stock of the year." However, I'm curious about which stocks could potentially become the next META in terms of growth over the next decade. I've allocated $200k for investment, looking for companies to make additions to boost performance
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective consider financial advisory for informed buying and selling decisions.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Elisse Laparche Ewing is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Thank you for the lead. I searched her up, and I have sent her an emaiil. I hope she gets back to me soon.
Successful people don't become that way overnight. What most people see as a glance of wealth, a great career, and purpose is the result of hard work and hustle over time. I pray that anyone who is reading this will be successful in life.....
As an independent man I started my first investment plan with just a $1,000 and now earning weekly income of $8,700 in cyptocurrncy exchange with my personal brker
@@sarkiali3958Inspiring! Do you think you can give me some advice on how to invest in a healthy way as you are doing?
Btcoin has been rising for a while now and it might keep rising or decide to fall again. The truth is no one knows, I believe it’s right time to make purchase and also get the assistant of a professional
Please how can I contact this woman Stacy Griffin? I will also like to invest with her
I have also come across her on insta gram
What side are you on as Blcktken300 divides the wealthy from the poor?
Wow a CZcamsr in the personal finance space that actually gives a realistic perspective of additional passive income streams!!! So many CZcamsrs oversimplify their suggestions and make things seem SO easy but your actually rated the difficulty to start and overall maintenance. Kudos to you!! And a big thumbs up!!!
Yeah, very down to earth onformative video
But 19.000 a week as a passive income is... Realistic?
@@mayamorabito1669she said herself it took a bit to get to that point through CZcams and affiliate links
@@mayamorabito1669 I think it would be pretty awesome for even $200/month in passive income. A person could putthat into more investments and watch it grow.
@@mayamorabito1669there are people who make 1mil a year, divide to 12 then to 4 and see how much a person or business can generate
I acknowledge the stock market's potential for passive income, with some investors earning over $40k monthly. While eager to enter the market, I'm cautious about avoiding mistakes. Are there any safe investment options?
Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. Alternatively speaking to a certified market strategist can help with pointers on equities to acquire
The issue is most people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt, no offense. In general, Financial Consultants are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, amidst covid outbreak, my portfolio has yielded massively in ROI, summing up to 7-figures as of today.
this is all new to me, where do I find a fiduciary, can you recommend any?
She goes by ‘’Natalie Marie Gentry” I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
Love the Blcktken300 content. I think this project is just as essential as HBAR and they both will be great movers
Blcktken300 gang in the house! Thanks for the analysis!
I am 34, almost 35 year female senior accountant at a big international corporation. I have been working there for 8 years(2 our of those 8 were a maternity leave) and I did my best to climb the competency hierarchy as much as possible. Since I came back from maternity leave 2 years ago I really pushed for all the raises and promotions as possible. I got promoted twice and my last raise was with 21% .. I have paid off my mortgage 6 months ago. Combining all those factors I realized now I have an income high enough above my means and I can start working on more ambitious financial goals. Also, I realized my next step in the career aspect is to the position of people management. Seeing how time and energy demanding are those positions, I know I don't want it. And although as an accountant I am aware of the concepts you share on your channel, the you structure it and explain it really helps me to think differently. Thank you so much! I am binge watching your content right now and your mindset is really the perfect combination in nowadays for me. People who are good with numbers, have analytical mind , and yet think about bigger picture, contemplate on more philosophical ideas and are self-aware are the ones who really are going to be in top in the future! I see myself like this, I have always been good with numbers, this is what I do. But I have also an artistic side to me that is waiting to be developed. For example, corporate climbing beyond what I have reached will now take more resources and energy than it will give me, so I will seek different type of growth. For more than 10 years I dreamt of having a blog to write and share ideas on different topics, create a CZcams channel because I love to talk, but never mustered the courage to do so. You are inspiring me to take actions I have been postponing and finding excuses not to do for years! Thank you, Nischa!
Reading this now - you are amazing!! I've just subscribed to your channel. Keep going, you've got this!
@@nischa thank you so much for this comment! It means the world to me, especially because it is coming from a woman I see as such an inspiration, a role model. Today I have laid out a schedule for me to produce my first real video with a topic dear to me - mindset shifting. Again, thank you for your kind words of encouragement!
I too subscribed. You’ve got this!! And I can 100% relate as I’m in the same situation.
@@samiraali1312 Thank you! I am really overwhelmed by the reaction to this comment. I think it alone gave me few subscribers, not to mention Nischa. This is actually very motivating as feel now obligated to push though my fears and excuses. I have started working on videos and will start posting soon and just put myself out there finally after so many years watching from the shadows. Good luck to you and I can't wait to see your progress :)
you say you enjoy talking, well look into Audible too?
CZcams algorithm got it this time. Discovered your channel for the first time and I watched 8 videos already and now how a totally different mindset about finances. Precise, clear and straight to the point topics. You've earned a subscriber here. Thank you Nischa.
Yeah, so simplified
Is this really a good time to buy stocks? I know everyone says the market is ripe enough for buying but will stocks tank further this year? How long until a full stock recovery? How are other people in this market raking in over $250k gains within months, I'm really just confused at this point.
It all depends on how long you're willing to hold for, stocks might likely tank further, but making serious gains in this downtrend wouldn't be a problem if you're a pro
Usually you just hold your investments. The market goes down but it goes back up. You will get that value back. Although this relies on you investing wisely. Like don't invest in a magazine company or something when the print industry is dwindling. But if you've got Google stock and it tanks, don't panic it'll come back. If you don't know what you're doing invest in a managed fund like the s&p 500 or something.
And it's always a good time to invest for the most part.
LBTNCRP300X baby yessss !!!! I know LBTNCRP300X is a top winner
Nischa is one of the most inspiring & valuable person to be around. Her videos are great. Who agrees? One of my inspirations to start my own finance/business content🤝
Totally agree
Virgin
The issue I have with all scalable income ideas is not that they are in themselves wrong. It's just that the chance to actually get there is infinitesimally small. For every successful youtuber or influencer there are hundreds of thousands of failed channels.
Survivorship bias for sure. Definitely worth noting that most “passive” income fails
I discovered your channel today and only with 2 videos, I can definitely say the value you provide with these videos to whom really look for it is enormous...
Thanks for your important knowledge and a new perspective for personal finance!
Thanks to such videos, I set up my own business 9 months ago and have been selling digital courses and e-books. I’ve already made more money than I make in my day job as a director in the City of London (where I am in fact still working). So, it is possible and really fulfilling! 🙏🏼 I love watching your videos, Nischa - thank you for inspiring me every week ♥️
Hey @magdalenabritish. What type of digital courses and e books to you sell, and on which platform have you been selling your course? Would be valuable information. Thank you 😀
Amazing what kind of books ?
I feel like it’s so refreshing seeing helpful and down to earth financial content, and coming from a women makes it like a million times better for me
I love how open and transparent you are with your earnings, it makes for much more believable content. And there is such a calmness in your approach, no blatant selling, just value, value in every word you say. Thank you
Just found your channel and I'm really enjoying these videos as they are very clear and concise for investment newbies. No real gimmicky clickbait titles, silly meme/vid inserts, or vague nebulous answers. With the way the world is going, I'm looking to learn more about investing and alternative revenue streams. More importantly, I want to teach our daughter about investing and generating money, which my parents never passed on.
LBTNCRP300X gang in the house! Thanks for the analysis!
Can LBTNCRP300X be staked on Ledger?
You've talked more sense about this topic than anyone else I've ever heard. Brilliant, thank you!
When I read/hear about passive income it sounds great but I get overwhelmed. Not only is everything I do service-based but I also get sooooo overwhelmed with computers, social media (which I no longer use) etc. I use my computer mostly for text documents, reading books, reading articles, and occasional watching videos. I just really have no idea what I could even come up with as a passive income idea, and even more overwhelmed about the actual process of creating a video or ebook or online class about it.
Thank you for being open and sharing your own experience
Your videos have become a staple of my Sunday routine. Love your content, it's concise easily digestible while discussing concepts with the perfect amount of depth. Thanks
Thank you James!
Rentals - doing those for several years - a lot of work... nothing "passive" about it! I loved your video and plan to watch it again.
You are probably among the top 3 youtube channels I have discovered this year. Clear informations, honesty, transparency, a real desire to help. It's refreshing. Thanks for that.
Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.
Great ideas, Nischa! Thank you for sharing your knowledge in such an understandable way!
Thank you for being so open about your income streams. Most people shy away from sharing numbers, but I think it helps give others hope that they too can be financially successful.
This is the single most useful and non-fluffy channel on CZcams. Never change.
I spent months writing an e-book that made me about $20 in revenue. Considering I spent about $100 on ads to market it, it was not the best use of time.
clear, straightforward and worth the time
Great content. The consistency is unmatched.
Just love your content! Look forward to it every Sunday. Thank you for being so transparent as well :)
You have brighten my day with your blessed light ✨️
Good Clarity from minor to major aspects of topics.
Thanks for quality content.
One of my favourite CZcamsrs. You are a delight to watch and listen to. I left school years ago but this is the most educational learning I have ever received, and one I genuinely feel interested in. I started an Etsy this year, which hasn’t made anything but like you said, there isn’t a thing as a get rich quick scheme…everything takes time. Great video as always.m
CZcams is my favorite here after dividends, granted I'm a bias finance channel, but it really is quite life changing in how much you can learn from it, building a channel!
I really love the structure of this video, it is so easy to follow and I love how you really explore what the option will look like in real life. Thank you so much!
The property market in the UK is so messed up. Homes shouldn't 'earn' more money in a year than most people. Landlords make the situation much worse. It probably wouldn't be so bad if anyone needing a primary home to live in was given the first opportunity to buy a property, before those looking for a rental investment were allowed a look in, but as it is now rents and property values are so high its incredibly difficult for the average person to save for / buy a first home.
But we aren't looking at buying the property you will buy. Landlords buy things that need work not new builds first time buyers go for
@@Bloody_alchemy That's just not true.
She is wife goals
Read the price of tomorrow by jeff booth if you want to expand on this line of thinking
That's the way it goes unfortunately. You can't change it. It's not ideal but it is what it is. You have to get on with it.
Thank you for alerting people head on that there’s no get rich quick scheme. There are so many lairs on CZcams these days.
you are so helpful! thanks for your content 💜
Thank you so much for the ideas, Nischa!
Would you also consider creating a video detailing how to disclose the pursuit of a side hustle with your current employer? E.g., when (and if) to disclose, how to manage it, etc.
That would be also extremely useful, and keep up the great work!
Agreed!!
What would be the upside of disclosing? I would think at best the result would be neutral at worst the main hustle would not be accepting.
Some passive income ideas may be relatively easy to set up and maintain, such as investing in dividend-paying stocks or renting out a room in your home. Other ideas may require more time and effort to set up and manage, such as starting a side business or investing in real estate. It is important to consider the amount of time and effort you are willing to commit to a passive income idea before beginning. Additionally, it is important to be consistent and committed to your goals to ensure success.
Could you please give some dividend paying stock that could be invested in
20 views
Hello ChatGPT
All of these ideas work! Once you have the traffic and traction, the options really open up, and things become a lot easier. Good stuff, Nischa. And to everyone out there, hang in there y'all! 🙏
Would u like to help me starting up ?
Transparent/real + intelligent! Keep it up girl, loving the channel
So I was thinking about your video and what i appreciate about your video today is when you said "there is no get rich quick scheme and dont believe anyone who tells you there is". Thank you for telling us the truth! Im sure your channel will blow up. Good will, Karma and blessing in your direction.
amazing content- keep it coming. Iv downloaded the tracker and its amazing
Thank you. Only came across your videos recently and I like what you share.
I love what u threw in there at the end about timelines I think a lot of people may have needed to hear that. You make the best videos!
This is extremely helpful - thank you for sharing.
I'm sharing this with my parents! 🖤 Thank you!
This is super structured information delivered in a very digestible way!
I like to call passive income really "offset active income" because most of them all require time to setup or money and time to create. I think Dividends (and REITs) are possibly the only real passive income options, but they each require money and time to grow. Everything else requires some of your time to maintain.
I guess the idea is eventually some become mostly passive.
@@zube2007 investing can be mostly passive. Most of the others still require time to keep going and running. Investing requires a lot of money to make truly passive income, but you can set it and forget it and it will will (hopefully) grow. Anything else that requires you to trade time for money up front are not truly passive and they often still require maintenance time.
Really helpful info, thankyou. Would love ot see more content from you directed at people earlier on in building reseourses, income etc - accessible beginner stuff!
Awesome! your potential seems timeless. Good time management, diversifying income flow and chalking out a plan remains the smart way to prepare for the unexpected and the best way to grow and sustain wealth. 4yrs in investing space and extremely pleased with the decision I made. The good news is - it’s not too late.
Clear, concise and very informative. A big fan of your content. Keep up the amazing work. Cheers to you 😊
Thank you. Great stuff 🤙
Love the transparency Nischa.
Keep up the content!
Could you do a video on trust Vs limited companies at some point down the line please.
Hi Nischa. I'm not sure how much you would know about this topic, but I would love it if you did a video on how and what to teach our children about financial literacy. Practical ways to start teaching them and how and when.
All good if you can't.
God bless.
Lead by example anything else is forced and will not work.
5:07 i think the tricky part about the online course thing is that it is “easy” if you got a following through content creation but if you’re a random person getting traffic to your course is tough
I've watched a lot of your videos and I've been following you for a long time. Your videos are great
I love your videos! So clear and highly informative.
You ARE LOVELY! Thanks for the time you spent making this video.
So on point and condensed, thank you so much for creating such great content!
Always solid information, great job 👍
Audio has improved dramatically! It didn't bother me before but I did notice the change here.
Thanks for sharing this amazing content. Some how I subscribed your channel and couldn’t be more happy
Nischa, You are such an inspirational boss lady. I love every piece of content you post. You are definitely very highly knowledgeable, and you know exactly what you are talking about. Thank you for your knowledge and generous encouragement. 🙏
Hey Nischa, You probably have a video for this already, but just in case, how could we figure out how much we should be investing and reinvesting for these index funds? Thanks!
Great video! I appreciate your take on how realistic these passive income sources are.
Thank you so much Nischa! I'm so grateful to find your channel and find these gems of passive income. Thank you!!! You broke it down in a simple process and that it feels manageable to do with creativity, patience, an persistence.
That was very interesting and thought provoking! Thankyou.
Excellent video! I look forward to learning more from you.
This is helpful! Thank you soo much!
literally asked for this vid to me made yday and you release it today!
Nice one Nischa. Loving your explosive growth in such a short period of time. Keep it up ❤
Very informative, thanks Nischa
This was very informative! Thank you!
Hi Nischa, Thank you for your Good information..
Thank you for sharing this info 👍
Thank you for sharing your knowledge in such a delicate matter like personal financies. You are concise and divulgative
I clicked Like after 10 seconds because of your awesome British accent, love it! Good tips too of course.
Wow, this really opened up my mind, thank Nischa. I’m subscribing to your channel 🙏.
Your videos are one of the greatest videos of all time
So valuable information! Thank you for the inspiration ❤
Phenomenal advice, thank you!
The most underrated youtuber. Thank u for the ideas
My wife and I have re-budgeted and will be putting $30,000 a month into our portfolio starting in 2024. We live off of my income and invest all of hers. Having a partner who shares your goals is powerful.
Your wife makes $30k a month doing what!? Holy smokes
@@Fog_of_War123that’s what I like to know.
30k that’s a lot of money bruv 😮
thank you! This content is UNIQUE and so helpful because it's to the point in a warm inviting way and does NOT repeat the same words over and over again.
thank you so much for the passive income ideas
Hi Nischa!
Thank you for making this content I find this really helpful! I wanted to ask in terms of reading about different businesses I want to do research of a company to decide which one I would want to invest in where do you do your research? Is there one or few places to look besides their own website, but that will only show so much.
Again thank you!
Christina
Your content pushed me to start my channel. For that I wanna say thank you 🙏🏼
Although very informative, there is still a lot of confirmation bias. It is probably 1 in 100 that will make it in the way you are describing it, but you would not hear about the other 99, as they will probably not be making videos about it.
Thanks Nischa. Excellent videos!
Really underrated channel. Good work Nischa.
You are so classy and elegant. So far I have found your videos most easy to understand and helpful out of any finance videos online, hopefully this is the start of me understanding investing properly!
Content creation streams are great way. If you like creating content, the main part is really remember that it needs to be your business so you need to make money from it. This is challenge when you like content creation.
Thank you for sharing your experience and knowledge. I totally agree, diversify your current skill. Ask yourself, if it was EASY, how would it look like and take action. Yes, there is initial work to be carried out at first, but when you hit 100KM speed you'll thank yourself and gain peace of mind. Those of us who are in the UK, inflation has hit a record high and job security is nowhere to be seen.
Actionable steps:
Laptop + Internet + your skill set = money