6:21 1) Volume based. Everything you make for a third party that sells on your behalf. The more content you have the more chances you get for someone to buy something you made ( high competition) 6:30 2) Premium Shared Revenue ( industry leaders) 7:38 3) Full ownership ( building a business etc) 8:10 8:52
Not old enough to be a millionaire but not young enough to belong as one of the world's millionaires. Start as early as you can, I wish you all the best! 👌🏻
4:30 Passive Income vs Revenue Stream 6:23 Types of Revenue Streams 8:21 Build a Business 8:35 7 revenue streams bringing in $10,000 a month 9:44 BONUS
So true for many years i tried so many of these so called get rich schemes and failed … it was only after i started listening to Alux that i was able to start a buisness .. and thier advice is also helping me build my youtube channel … so thanks Alux for being the music among the noise💯❤️
Property is investing, and you're supposed to get monthly income too. Kiyosaki says to get agents to make the properties for you. So that is still passive. You don't rent it to people, you let it to people. Buying shares that pay dividends is also office monthly or quarterly income. Passive is never 100% passive.
Yes, stocks and real estate investments are the true and tried passive incomes and combine that with responsible savings and you are free. Work, save and invest. The rules are simple, but the noise out there makes it seem more complicated. Pay off debts, starting with the smallest as quickly as possible. Then open a savings account and save anywhere from $1000-$10000 depending on your income. Then open a Roth IRA account and try to contribute the maximum every year ($6000 if under the age of 55, I think). Then look into purchasing a home (condo, single family, town home, whatever) instead of renting. That is your property investments and your retirement savings. When things start becoming comfortable financially, hopefully in one year, start investing in stocks with low to medium risk. Your future self will thank you. Don’t expect to get rich in a few years, but expect to live a comfortable life with not much financial stress, which is ultimately what we want.
I also think small businesses are great investments! But the KEY is they need to be in something high-paying, high demand, and not sexy. (Remodeling? Good. Auto shop? Good. Making friendship bracelets? No, sorry.)
For example, I own a home remodel/works company and I make like $230,000 PROFIT ($1 mil gross income) a year with this business. That’s better than most doctors earn. I didn’t bother going to college. At age 30 I own 3 rental homes :)
Note, I feel like the key for a small business to succeed is that you shouldn’t invest money into the business until you see some income. AKA: Wanna start a rug cleaning business? Start on Craigslist, sell contracts and DO IT FROM HOME. Don’t rent a fancy office building or buy a fancy work van/truck until you’re making really good money.
I agree! The beginning is and will always be the hardest part of a journey, but I hope you will have a good time throughout your financial journey. All the best! 😊
I came to RUclips to learn how to trade after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k. Somehow this video has helped shed light on some things, but I'm confused, I'm a newbie and I'm open to ideas.
@@mackzack297 It is also possible to produce superior performance provided you do something different from the majority. However, most of us tend to pay more attention to the shiniest position in the market than to the cost of proper diversification.
I disagree with the only 2 forms of passive income. Software designers make something and sales continue, crypto miners set something up and it continues to passively make money. There's lots of ways doesn't mean they are 100% set and forget you still must manage it but involvement is like minutes not hours in a month.
2 other types of passive income: Personal injury settlement in an annuity form vs lump sum is also considered passive income . Also lottery winners with monthly payments .
Agree with the two you talked about; however what about buying antiques or collectibles which people have done for centuries? Or like my royalties from my 17 books that I write exclusively for Amazon and like clock work they send me a monthly check for books sold? Granted the more interviews I do on my Preparedness and Survival Skills expertise over 22 years the more I sell!
If that works for you then you're good money pun unintended. No one says you have to stop at Real Estate or traditional investing with stocks. You have Royalties you get from books,music as what you were referring to. Investing in commodities,Art, collectibles and things of that nature. This video was just to explain the difference between passive and revenue income. Like anything else you have to work your business or side Hustle till it works for you and that includes passive income.
This is my personal favorite Alux video. Very true, raw facts on passive income. Especially the segment that explains real estate and investing being the only real passive income revenue streams. Very well told. A+
I was at a seminar last week and the host of the event spoke of making over $950,000 in net profits from a $400,000 portfolio in less than 6 months despite all the rumors of a market crash. Any tips on how to make that much in these current markets would be appreciated.
Profit comes for proper trade execution. I have racked up in profits $558,405 from $185k capital in august last year to be exact on my portfolio, but i have to attribute some credit to my adviser, 'Mary Freed Lorenz". I watched a news interview on where she featured during an IPO and spoke proficiently, caught only her name and did a search later online.
@@jeffreymurphy5302 Thanks for this. I have done my due diligence, found out she is truly licensed with series 7. I already wrote her on her website mailbox, i'm now waiting on her reply. I am really excited about this! God bless you
Trading is an absolute value of return as it offers big rewards to those who are up to take a significant risk. however, it pays to tag along with a trusted source or expert licensed
@Erickson Milton i did my due diligence months ago, to think I invested just below $100,000 and I have grown my portfolio. Look her up. google is your friend, contact information, her licenses, certification et al.
I found the best investment advice to be: Research well and i mean really well, then Invest and forget about it and i mean really forget about it....(Actually its my own philosophy 😀😀)
Well, to create passive income, first you need active income to be invested into income creating assets… it’s that simple and complicated same time. However if you get $20 a month in dividend and it pays your phone bill, you already started.
I control over $2,000,000 worth of Real Estate. I raised the money to get started. I put these 7 doors on AirBnb and VRBO. We started with just 3 doors in Jan of 2021. Now have 7 doors. In March we grossed $47k. As of today we have grossed just over $135k. This is the most money I have made in my life but I am very busy. Hardest part is building a management team. Most people don’t want to work.
Now is the time to educate your children on the importance of having passive residual income. So whenever or if they choose to get a job it can be something they truly want to do.
It could take a couple of years to start making money: the best business advice I've ever heard. Okay, maybe, "Ask the market what it actually wants", is better.
My strategy is to put half my income into the stock market at the start of every month, regardless of what is happening. The second part of the strategy is not to sell for at least 15 - 20 years. Time in the market beats timing the market.
Many investors are too lazy to do any research, or read financial statements. But this is what the pros do. Investing in stocks does not have to be gambling if you put some work in, are patient, and have realistic expectations.
Newbies think that the best way to play the stock market is to buy stocks then sell them a day or few months later, than repeat the process. This method of investing usually loses money. The people who buy and hold for long periods are the people who make the most money.
@@Gbdnd My portfolio grew by 1,000% within 6 months. Couldn’t have put it better myself. Last year a colleague introduced me to a financial consultant Jennifer Elizabeth Boland who has been helping me find investments that have significant growth potential. She invested my money in reputable companies which their stocks must always rise after any dip.
@@rianosherry860 Thanks for the recommendation, she must be very good at what she does, her name is the first thing that pops up on the browser. She seems really solid and i have sent her a mail already hopefully she replies soon enough.
I am not an enrolled agent yet just passed a few of my bookkeeping exams. But I can say that passive income has a statutory definition and IRS forms that accompany tax returns of said income. forms 8582 and 8582-CR the actual term is passive activities.
My passive income comes from Fundrise, Cadre, RealtyMogul, Cardone Capital, and AHP Servicing. It is about $5000 per month and growing each year. The problem for most is the high minimum investment for most of these companies.
If the main issue in the United States is comprehension,then what happens when Everyone copies a recipe and exhausts this avenue...it leads to one hell of an expensive world,because no one ever is satisfied and grabs for more,they don't understand that the "hustler" mentality,is just a means to a drastic end.Buisness and hustling are two far different things.....The world is full of hustlers that maximize everything as fast as they possibly can...Business is not this because that practice and mindset is temporary...Business and real wealth are long games and takes so much impractical strategy and forward thinking,to keep earning without exhausting your customers contributions...you play fair,this leads to years of their income, spread over a longer period of time which =more profit.Its the way business has always been done.But today its the hustle mentality confused as good business practice that is essentially leading to our downfall in every way....its not the idea of capitalism lol capitalism doesnt say to exhaust your income sources at a fast pace..its why the earth is depleting at a rapid pace and why it won't be able to sustain this kind of living...Teach growth by maintenence ...because growth without maintenance will lead to no end until essentially failing .Hustlers hurt the people under them.If it doesn't stop,living will be too expensive for your customers or income source.Business men and hustlers are not the same!Hustlers run casinos..business men live for generations while also keeping customers thriving..or you can say "honest philanthropy work."
On a certain level, we have rich dad poor dad in our brain, the neurochemicals that show up in flow: so dopamine, norepinephrine, anandamide, endorphins, and serotonin. If you were to try to cocktail the street drug version of that, right, you're trying to blend like heroin and speed and coke and acid and weed- and point is, you can't do it. It turns out the brain can cocktail all of 'em at once, which is why people will prefer flow to almost any experience on Earth. It's our favorite experience. It's the most addictive experience on Earth. Why? 'Cause it cocktails five or six of the largest pleasure drugs the brain can produce. We're all capable of so much more than we know. That is a commonality across the board. And one of the big reasons is we're all hardwired for flow, and flow is a massive amplification of what's possible for ourselves.
Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works.
Ever since I lost my job with the ministry, I have been surviving through my investment with her, am so glad I invested when I did. I’m earring $25k weekly with her
Just started on the Crypto staking, and with relatively small amounts so that I have skin in the game and I can learn. This seems to be like Stocks in that you can Pound/Dollar cost average in and build a position over time. Not made any money as yet, indeed down overall. Probably better to have it ths way at first than ride a big wave upwards and kid yourself you are a Master. Always prefered Stock investing to Real Estate because frankly of the amount of work involved and the illiquidity. Have investments in REITs mind, so still in with that asset class too, albeit indirectly. As with Crypto, invest monthly mainly into Investment Trusts and have done for around 30 years. Got a nice tidy sum, but the main benefit for me is knowing I have involvement with people and companies from around the world, hopefully making things better as a result.
Lol! I consider my retirement check and disability checks passive income. Yes I had to give military 20 years, but now I get those checks every month for the rest of my life.
That last statement made the whole video! There are so many different investment opportunities now and they all are in flux! What’s not influx yourself!!! As long as you are alive a sane person will try to increase they’re income and skill i.e. you have control of yourself, you don’t have control of the DOW JONES! I’m going to take a coding class, see what this technology fad is about! 👍🏾
Here Alux here is the secret, take all the income u can spare and invest it all into the ETF SCHD. You will get passive income that will grow during good and bad times. Reinvest dividends and put all the money you can spare into it until you hit the desired income you want. That's it!
NGL I've always like crows and imagined having a flock of them going around the city collecting stuff for me. Alas, I haven't seen a single crow my entire life!
Passive income is such a nonsense to me, I work because I love what I do, I love the journey and can't understand how can someone work super hard just so they don't have to work again, like don't they love what they do ?!
Most people pursue passive income for the freedom it provides. Freedom to do things they actually enjoy or love to do. That's why people work super hard just so they don't have to work again.
Thank you for making this video about what’s a real passive income and scammers because there’s no end to them
6:21
1) Volume based. Everything you make for a third party that sells on your behalf. The more content you have the more chances you get for someone to buy something you made ( high competition) 6:30
2) Premium Shared Revenue ( industry leaders) 7:38
3) Full ownership ( building a business etc) 8:10
8:52
Rich dad poor dad should be also called how to learn about money if you are a noob. Very easy to understand , my first financial book.
I'm understanding alot from little. Thank you alux. Just turned 25 yesterday. Millionaire mindset.
Not old enough to be a millionaire but not young enough to belong as one of the world's millionaires. Start as early as you can, I wish you all the best! 👌🏻
@@site_is_down thank you so much.
4:30 Passive Income vs Revenue Stream
6:23 Types of Revenue Streams
8:21 Build a Business
8:35 7 revenue streams bringing in $10,000 a month
9:44 BONUS
So true for many years i tried so many of these so called get rich schemes and failed … it was only after i started listening to Alux that i was able to start a buisness .. and thier advice is also helping me build my youtube channel … so thanks Alux for being the music among the noise💯❤️
Property is investing, and you're supposed to get monthly income too.
Kiyosaki says to get agents to make the properties for you.
So that is still passive.
You don't rent it to people, you let it to people.
Buying shares that pay dividends is also office monthly or quarterly income.
Passive is never 100% passive.
Yes, stocks and real estate investments are the true and tried passive incomes and combine that with responsible savings and you are free. Work, save and invest. The rules are simple, but the noise out there makes it seem more complicated. Pay off debts, starting with the smallest as quickly as possible. Then open a savings account and save anywhere from $1000-$10000 depending on your income. Then open a Roth IRA account and try to contribute the maximum every year ($6000 if under the age of 55, I think). Then look into purchasing a home (condo, single family, town home, whatever) instead of renting. That is your property investments and your retirement savings. When things start becoming comfortable financially, hopefully in one year, start investing in stocks with low to medium risk. Your future self will thank you. Don’t expect to get rich in a few years, but expect to live a comfortable life with not much financial stress, which is ultimately what we want.
Dividend stocks my friend
@@locks4 yes, that’s a little passive income for your pocket
I also think small businesses are great investments! But the KEY is they need to be in something high-paying, high demand, and not sexy. (Remodeling? Good. Auto shop? Good. Making friendship bracelets? No, sorry.)
For example, I own a home remodel/works company and I make like $230,000 PROFIT ($1 mil gross income) a year with this business. That’s better than most doctors earn. I didn’t bother going to college. At age 30 I own 3 rental homes :)
Note, I feel like the key for a small business to succeed is that you shouldn’t invest money into the business until you see some income. AKA: Wanna start a rug cleaning business? Start on Craigslist, sell contracts and DO IT FROM HOME. Don’t rent a fancy office building or buy a fancy work van/truck until you’re making really good money.
The advice is so true! .... it will take a lot of time and effort (& money) in order to "make" and "keep going" PASSIVE INCOME.
I agree! The beginning is and will always be the hardest part of a journey, but I hope you will have a good time throughout your financial journey. All the best! 😊
The last sentence in the video is also the best advice: INVEST IN YOURSELF!
Yes, that's the best investment we can all ever indulge with! There's no real success without having invested in ourselves.
If your maintaining a rental property that's not passive income as you still have to actively look after the property
Thank you for calling out the bots in the comments! I've been noticing them over the past few months on this channel and other investing channels.
Great video. I am so happy that can see scammers,schemers, fraudsters from miles away.
I came to RUclips to learn how to trade after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k. Somehow this video has helped shed light on some things, but I'm confused, I'm a newbie and I'm open to ideas.
Investing in stocks is a good idea, a good trading system would puts you through many days of success.
@@mackzack297 It is also possible to produce superior performance provided you do something different from the majority. However, most of us tend to pay more attention to the shiniest position in the market than to the cost of proper diversification.
Exactly, the trick is to diversify your investment, don't panic when everyone else do and invest consistently
@Gadafy Moses That's impressive. Are you giving him your money or it stays in your trading account? What's really the idea behind copying trades.
@Gadafy Moses Can I get him if I'm from another country?
I disagree with the only 2 forms of passive income. Software designers make something and sales continue, crypto miners set something up and it continues to passively make money. There's lots of ways doesn't mean they are 100% set and forget you still must manage it but involvement is like minutes not hours in a month.
2 other types of passive income:
Personal injury settlement in an annuity form vs lump sum is also considered passive income .
Also lottery winners with monthly payments .
Nice content. The truth is, money is worthless until you put it to work. Successful people look for business to invest on and make more money.
It easy to invest your money, but what kind of business can you invest on. To reduce the risk of losing money.
INVESTMENT IS THE FUTURE💯💯👍🏻
@Svetlana Shebchuk you're right!!
To me, trading the forex and crypto market is way better than any online investment
BITCOIN IS PROFITABLE 🤑🤑
Alux, could you give more advice for teen entrepreneurs? Also, love your videos!
Started buying shares in real-estate and a multiple stream of dividend paying stocks. I am starting small but wanted to thank you for the motivation.
So you invested in REITS?
Thanks for this clarity I really needed this ❤️
Agree with the two you talked about; however what about buying antiques or collectibles which people have done for centuries? Or like my royalties from my 17 books that I write exclusively for Amazon and like clock work they send me a monthly check for books sold? Granted the more interviews I do on my Preparedness and Survival Skills expertise over 22 years the more I sell!
If that works for you then you're good money pun unintended. No one says you have to stop at Real Estate or traditional investing with stocks. You have Royalties you get from books,music as what you were referring to. Investing in commodities,Art, collectibles and things of that nature. This video was just to explain the difference between passive and revenue income. Like anything else you have to work your business or side Hustle till it works for you and that includes passive income.
@@AmariMarvelous So right Amari. I have working my number of serial entrepreneurial businesses since 1973😎
@@hugh009 Wow that's a long time!
@@AmariMarvelous Yes and at 76 years young I am finally starting to pare down my businesses 😁
This is my personal favorite Alux video. Very true, raw facts on passive income. Especially the segment that explains real estate and investing being the only real passive income revenue streams. Very well told. A+
No 1. Aluxer
So many out there people don't know what to do thanks for doing a video on this subject.
I was at a seminar last week and the host of the event spoke of making over $950,000 in net profits from a $400,000 portfolio in less than 6 months despite all the rumors of a market crash. Any tips on how to make that much in these current markets would be appreciated.
Having a good entry and exit strategy will make you succeed in the market.
Profit comes for proper trade execution. I have racked up in profits $558,405 from $185k capital in august last year to be exact on my portfolio, but i have to attribute some credit to my adviser, 'Mary Freed Lorenz". I watched a news interview on where she featured during an IPO and spoke proficiently, caught only her name and did a search later online.
@@jeffreymurphy5302 Thanks for this. I have done my due diligence, found out she is truly licensed with series 7. I already wrote her on her website mailbox, i'm now waiting on her reply. I am really excited about this! God bless you
Trading is an absolute value of return as it offers big rewards to those who are up to take a significant risk. however, it pays to tag along with a trusted source or expert licensed
@Erickson Milton i did my due diligence months ago, to think I invested just below $100,000 and I have grown my portfolio. Look her up. google is your friend, contact information, her licenses, certification et al.
Appreciate you guys. You always come up with a great way to explain something.
I found the best investment advice to be: Research well and i mean really well, then Invest and forget about it and i mean really forget about it....(Actually its my own philosophy 😀😀)
Mrs Scarlett is legit and her method works like magic I keep on earning every single week with her new strategy
Wow I' m just shock someone mentioned expert Mrs Scarlett thought I' m the only one trading with her
She helped me recover what I lost trying to trade my self
Please how do I start with Mrs Scarlett??
her info is.⬇
𝐰𝐡𝐚_𝐭𝐬_𝐚𝐩𝐩 +𝟭𝟯𝟰𝟲𝟯𝟲𝟮𝟰𝟱𝟴𝟭
Well, to create passive income, first you need active income to be invested into income creating assets… it’s that simple and complicated same time. However if you get $20 a month in dividend and it pays your phone bill, you already started.
I control over $2,000,000 worth of Real Estate. I raised the money to get started. I put these 7 doors on AirBnb and VRBO. We started with just 3 doors in Jan of 2021. Now have 7 doors. In March we grossed $47k. As of today we have grossed just over $135k. This is the most money I have made in my life but I am very busy. Hardest part is building a management team. Most people don’t want to work.
Now is the time to educate your children on the importance of having passive residual income. So whenever or if they choose to get a job it can be something they truly want to do.
I agree on this! Children, at such an early age should be made aware of how money works or at least how to have a passive income..
It could take a couple of years to start making money: the best business advice I've ever heard.
Okay, maybe, "Ask the market what it actually wants", is better.
Great view namesake.
Thanks Alux for you your massive contribution into my growth. God bless this channel
My strategy is to put half my income into the stock market at the start of every month, regardless of what is happening. The second part of the strategy is not to sell for at least 15 - 20 years. Time in the market beats timing the market.
Many investors are too lazy to do any research, or read financial statements. But this is what the pros do. Investing in stocks does not have to be gambling if you put some work in, are patient, and have realistic expectations.
Newbies think that the best way to play the stock market is to buy stocks then sell them a day or few months later, than repeat the process. This method of investing usually loses money. The people who buy and hold for long periods are the people who make the most money.
What if someone would like to start just with concepts of stock trading? What is your recommendation?
@@Gbdnd My portfolio grew by 1,000% within 6 months. Couldn’t have put it better myself. Last year a colleague introduced me to a financial consultant Jennifer Elizabeth Boland who has been helping me find investments that have significant growth potential. She invested my money in reputable companies which their stocks must always rise after any dip.
@@rianosherry860 Thanks for the recommendation, she must be very good at what she does, her name is the first thing that pops up on the browser. She seems really solid and i have sent her a mail already hopefully she replies soon enough.
love the narrating on this video. smooth voice
Thank you Aluxers, is ebooks part of passive income or revenue incomes? What are the specific revenue income streams? Thank you.
Thank u Alux. Your videos are so valuable, yet free.
Alux I just want to say thank you for your videos. They have really aided me in many ways to be at constant levelling up with the game of life.
I am not an enrolled agent yet just passed a few of my bookkeeping exams. But I can say that passive income has a statutory definition and IRS forms that accompany tax returns of said income. forms 8582 and 8582-CR the actual term is passive activities.
My passive income comes from Fundrise, Cadre, RealtyMogul, Cardone Capital, and AHP Servicing. It is about $5000 per month and growing each year. The problem for most is the high minimum investment for most of these companies.
Pocket Properties is still in its infancy but it looks like they're going to be the best if they keep it up
Are these atocks one can buy?
Are these atocks one can buy?
@Alux... There are crypto staking providers who do not lock the tokens. Like cardano
If the main issue in the United States is comprehension,then what happens when Everyone copies a recipe and exhausts this avenue...it leads to one hell of an expensive world,because no one ever is satisfied and grabs for more,they don't understand that the "hustler" mentality,is just a means to a drastic end.Buisness and hustling are two far different things.....The world is full of hustlers that maximize everything as fast as they possibly can...Business is not this because that practice and mindset is temporary...Business and real wealth are long games and takes so much impractical strategy and forward thinking,to keep earning without exhausting your customers contributions...you play fair,this leads to years of their income, spread over a longer period of time which =more profit.Its the way business has always been done.But today its the hustle mentality confused as good business practice that is essentially leading to our downfall in every way....its not the idea of capitalism lol capitalism doesnt say to exhaust your income sources at a fast pace..its why the earth is depleting at a rapid pace and why it won't be able to sustain this kind of living...Teach growth by maintenence ...because growth without maintenance will lead to no end until essentially failing .Hustlers hurt the people under them.If it doesn't stop,living will be too expensive for your customers or income source.Business men and hustlers are not the same!Hustlers run casinos..business men live for generations while also keeping customers thriving..or you can say "honest philanthropy work."
and alux channel and narrator are best of both
On a certain level, we have rich dad poor dad in our brain, the neurochemicals that show up in flow: so dopamine, norepinephrine, anandamide, endorphins, and serotonin. If you were to try to cocktail the street drug version of that, right, you're trying to blend like heroin and speed and coke and acid and weed- and point is, you can't do it. It turns out the brain can cocktail all of 'em at once, which is why people will prefer flow to almost any experience on Earth. It's our favorite experience. It's the most addictive experience on Earth. Why? 'Cause it cocktails five or six of the largest pleasure drugs the brain can produce. We're all capable of so much more than we know. That is a commonality across the board. And one of the big reasons is we're all hardwired for flow, and flow is a massive amplification of what's possible for ourselves.
Glad you are feeling better!
Stacking or staking? Both are very different things
Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works.
I truly agree with you on that,
I must say crypto is the future and with the way Bitcoin is climbing so high it's really advisable for people to invest now.
Mrs Kamilla helped me recovered all I've lost trading by myself
Ever since I lost my job with the ministry, I have been surviving through my investment with her, am so glad I invested when I did. I’m earring $25k weekly with her
Investment is that tiny line that separates the rich from the poor.
Ethereum, Solana, and Cardano are great for passive income. Glad it was hinted towards end of video! =)
I think this is by far the best and most informative video I have seen in the last year!
Love this channel. Been watching for years.
Good morning Alux!!!!
Just started on the Crypto staking, and with relatively small amounts so that I have skin in the game and I can learn. This seems to be like Stocks in that you can Pound/Dollar cost average in and build a position over time.
Not made any money as yet, indeed down overall. Probably better to have it ths way at first than ride a big wave upwards and kid yourself you are a Master.
Always prefered Stock investing to Real Estate because frankly of the amount of work involved and the illiquidity. Have investments in REITs mind, so still in with that asset class too, albeit indirectly.
As with Crypto, invest monthly mainly into Investment Trusts and have done for around 30 years. Got a nice tidy sum, but the main benefit for me is knowing I have involvement with people and companies from around the world, hopefully making things better as a result.
That's how it works folks there's no other way to do it just make sure you get 💯 % of the profit..
I would argue that dividends from stocks are passive income as well as just capital growth and can come from small principle investments
You guys have an amazing Chanel
I love you guys, you simple the best content, mean Free content provide,
I hope you continue to post videos everyday. :) Good video!
This is quite the powerful message
You guys misspelled premium (missing the u) in a video about telling the difference between something and scams. Was that being meta?
What's the difference between passive income and leveraged income?
HEX is my passive income source. Look it up, its not a scam
Super informative! Thx Alux
Lol! I consider my retirement check and disability checks passive income. Yes I had to give military 20 years, but now I get those checks every month for the rest of my life.
Alux a countdown about network marketing.
How much for the bird ?
Is Master class a good website to sign up? Is it worth it to learn from?
Is passive-aggressive income ok?
hey alux can you make a course on “how tob build a startup” or on business…i really need it
Read a book
What about writing a book online???
Literally watching this from a Villa in BALI lolll I feel attacked.. great vids 👏🏼
What about asset protection…
Thank you Alux
That last statement made the whole video! There are so many different investment opportunities now and they all are in flux! What’s not influx yourself!!! As long as you are alive a sane person will try to increase they’re income and skill i.e. you have control of yourself, you don’t have control of the DOW JONES! I’m going to take a coding class, see what this technology fad is about! 👍🏾
??
@@christianpostell3663 ?
I think it depends on how frequent the passive income is
Staking is amazing really
Any art you create once and make money off is passive, so how is real estate and investment the only way 🤔
Appreciate this 💎💎💎
So if your still active in this income gaining than it isn't passive than.
Both cold cash🥶
Real Estate causes more work after purchase than dividends in stocks plus the barrier to entry
What a coincidence just in the middle of watching this and a get rich add plays lol! A bit ironic
Thank you 🙏🏼
Goood topic tnx Alux
7:39 Premium spelled “premim”
Crypto mining 😉
Here Alux here is the secret, take all the income u can spare and invest it all into the ETF SCHD. You will get passive income that will grow during good and bad times. Reinvest dividends and put all the money you can spare into it until you hit the desired income you want. That's it!
thank u elux
Plz make a video on 3 revenue stream about business plz
But alux what about ebooks, ecourses and stuff I feel they qualify as passive income
Could you make any teenage related video pls
Video idea amazon fba or whatever it's called
NGL I've always like crows and imagined having a flock of them going around the city collecting stuff for me. Alas, I haven't seen a single crow my entire life!
They left out MLMs. That makes 3 types of passive income. 😀
Passive income is such a nonsense to me, I work because I love what I do, I love the journey and can't understand how can someone work super hard just so they don't have to work again, like don't they love what they do ?!
Most people pursue passive income for the freedom it provides. Freedom to do things they actually enjoy or love to do. That's why people work super hard just so they don't have to work again.
Too bad no companies love what you do. They try to pay you as little as possible and fire you when they no longer need you.
Lol
It's very easy to sell something when they're not telling you the whole story.
this is for sure a great video, and I enjoyed watching ! subbed and liked ! a fellow creator
WHAT AN EYE-OPENING VIDEO !
Royalties are true passive income streams
my passive income is from real estate i'd say its the best way for me at least
I appreciate you guys salute
💯I always say the best investment you can ever make is into yourself 🤑
Time freedom baby