How To ACTUALLY Earn Passive Income So You Never Have To Work Again
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- Опубликовано: 11 июн 2024
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What Is The Minority Mindset?
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As an avid learner of your content, I never paid attention to it but how can you hear with ears covered so tightly, doesn't it impair you from driving?
Jaspreet, you have changed my life for the better! Thank you and your team for all your videos!!! I have been watching since you had under 100k subs... er.. around there anyway. 75,15,10 has helped me big time.
🙏🙏🙏
It has helped me as well. Having automations and different bank accounts has changed my finances for the better. And learned more money finance skills
Buy a good cross section of an economy, Build a diverse portfolio that keeps you motivated,Speed up the process where possible:i'm all for blue chips, dividends and i DRIP into etfs (ARKW, VOO, VXUS, IVV) and abroad mutual funds. After my first million I realized that when a stock starts booming, chances of you finding out means you are quite late to the party, for this I make sure my CFA handles that, ever grateful to Dianne Sarah Olson it's like turning your notifications to earn more millions.
Good work. i'm always open to the concept of diversification
Hey, I'm in Australia. Wondering if the stuff you recommend is USA specific or does it translate to other western countries?
@@lidijatana7894 It can be done for any country that has etfs that would hold sectors of the market.
Thank you for all your advice
Best Financial Teacher On YT. Thank You For What You Do.
Absolutely! Passive income is a fantastic way to build wealth and financial stability. It involves earning money with minimal effort or active involvement once the initial setup is done. Examples of passive income include rental income, dividends from investments, royalties from creative work, and affiliate marketing. It's a great way to supplement your earnings and work towards financial independence.
It's tougher to invest from a small amount like ten gran for 10 yrs when you are 60 yrs old and have very little money. One might not live 10 years, especially starting at 60. But younger folks, it's a big opportunity to start now,especially people 25 yrs old and younger, if they learn this mindset now.
What about those who are in their 30s is it too late for them ?
Watch the video Jaspreet did on what to do if you're 30 with no financial base yet. @fabiopovelution7639
I am 25 and thanks! You're right, since I've already started I'm on the right track 😊
@@fabiopovelution7639no it's never too late. Learn about selling opinions. Educate yourself, you'll quickly learn it's a money printer. It's better than learning how to play video games.
50s and no "extra" cash for any investing. Have to have money to make money.
Thank you for sharing your knowledge. Im learning a lot. You are changing my life. South Africa loves you!
Thanks for sharing 🙏
My wife did MLM. The passive income reached a huge $1.67 per month. I signed up for my employee stock purchase program, then sold it in the tech bubble. Bought oil stocks during the pandemic. My current dividend rate is $13,288 annually. I reinvest this to grow the dividend snowball. Save dividends when the market is high and buy stocks when they are low. Bought ocean shipping stocks last fall when they dipped,. Now that stock is over double what I paid for it. MLM is not a way to get passive income. It is an expense to keep the business afloat.
My investments didn’t do much the first few years and now they are in the stage where they are making peanuts. 😂 Jaspreet you are right on the money! Thanks for the reassurance!
One can pretty much count on forced appreciation. If the numbers are crunched correctly, it's not really speculation.
Another video filled with great information. Thanks Jaspreet
Great advice assuming you have good health and the market does not collapse! 😊
Also assuming a astroid is not going to come and wipe us out
Thanks
a few other good dividend stocks to consider Ford, Wendys, Walmart, Philip morris (tabacco)
Amazing content creator
Most shouldn’t invest in individual companies… unless that company is Nvidia.
Nvidia TSLA AMD
Tsla...NO😮
@@davidbrooks8809 absolutely TSLA only company making profit in EV field and it's vehicular autonomy is ages ahead of any competitors
I invest in Berkshire and Amazon😊
@@davidbrooks8809What’s wrong with TSLA?
Great video! I like accumulating REITS, nice and slow but over the years, looking back, I'm not mad at myself.
Brilliant!
Minority Mindset Forever! 🎊
Hello Jaspreet! Im your follower since long time. Please shed some light on currency hedge or Stocks that Canadians can invest in !!
Jaspreet what do you think about Airbnb rentals out of the country? Can you make a video on that?
Which trading platform would you recommend
I researched that as a Canadian you gotta pay currency exchange and 15% Taxes to the government when you sell or release your US investment in canada so, how’s it worth for us as a Cad to invest in the US MARKET?? please show me the right path
Thanks for a Greta vidoe
Great video on investing, learned a lot from this in terms of diversifying more than what I know about. EDIT: Wow also a lot more on property investing for cashflow, hiring people to delegate the work load is much better especially property managers that are aligned with your vision and goals.
Many dividends stocks are divided traps so be careful
Own SPYI or BIL
Yieldmax funds also and FEPI is good!
Can WE invest when WE are in Africa
Can you analyse this ETF ticker TIME. It seems to be a relatively new ETF. Perhaps you could interview the fund manager and see its viability. Thanks
Can you go deeper into Real estate process please.
What about writing covered calls for passive income . if you can maintain a low delta on the contract. You still keep your stocks and your premiums.
Do all companies pay fixed returns? And how to invest in compound interest on stocks ?
Do you recommend any annual conferences, classes, or books?
Can we just do Dividend ETF's instead of stocks though? I much prefer that for long term. I have SCHD and DGRO.
Thanks Jaspreet.
So is this a 401k or this a separate investment ? Do you go to the bank and tell them you want to open up a funds or is there an app ?
How does inflation come into play into this 10 year plan? Because certainly $10 dollars today isn't the same as 10 years from now.
excuse me, i have a question. if i invest $400k, what am i looking at ROI wise in a few years?
Thank you Jaspreet bc you Repeat The Financial Lesson every other day ❤❤ kachin money 💰 🤑 💸 🙌 👏
I'm 60 i saved 600k all in rhe credit union. Afraid to do anything. Reading about 70 banks ready to go bankrupt. Is my credit union at risk
Thank you.
🎉🎉🎉🎉
The key here is long term. People nowadays just see the short term and are put off. Always chasing those get rich quick schemes
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
Should call this the 10 year plan startup through investing
I would probably be making $250 a month, but I always reinvest mine.
You do know that dividend stocks it's not extra money it's not extra income😊
@@davidbrooks8809 did you watch his video? That’s why I reinvest.
Surprised you used MO as an example which is as you know Tobacco. I would never.
Jaspreet is an expert, what a legend. You simplify things for the majority, that's why you're precisely in the minority mindset. Most people don't get finances, and unfortunately many people can avoid very preventable things.
Selling cash secured puts pays way more than dividends
NIO video please
I'm -3k with nio 😢..thinking of putting the same amount in now
stocks are going to appreciate faster than a few small dividends will help grow your wealth
I'm 60 years old. Is investing in the stock market even worth it. I don't have the time that a twenty something year old does
You may live another 20 more years, worth it if you are still working. But a business/consultant service may be a more stable idea if you don't over leverage yourself.
Probably not tbh
Best time to plant a tree twenty years ago The next best time yesterday
I have acheived my 1st goal - 500 /month - for life
Or they could do all
Already at about $7K monthly passively. Want to double that. And most in a ROTH.
Passive income not really.. can you make passive income that is not taxed
Complaining about making too much Money to where u have to pay taxes on it is a pretty good issue, no?
@@richwealthylavish5246 Paying more taxes than you are required is foolish. The IRS has rules that CAN benefit us all if we just pay attention.
@@papasquat355so how do we make sure we are not paying more in taxes than we should?
@@4thChairman_YumeHire a good CPA that can help you pay the right amount of taxes.
@@4thChairman_Yume You have to learn the IRS rules. There are hundreds of ways to reduce or eliminate taxable income. 401k's, Roth IRA's (for later), capital gains, HSA's, and on and on. Jaspreet has dozens of videos and RUclips is ripe with great resources to teach you how to control your taxes.
Sounds nice but I don't have any extra money.
I mean is nvidia on near worth anything ? I’d love 100-200$ a month. FOR ME. GAME OVER. I have NO kids no responsibilities! I need this
lol, i bought NVIDIA around 200 then sold it when i had a financial crisis... now kicking myself!!!! HAHAHAHA
NEVER SELL UR STOCK!
No dividend
But the stock market is passive income that's where you're wrong😊
Don't think too much. Tomorrow is not guaranteed✝️🙏
My house is over 100 years old, then I don’t have to pay taxes?
You can only depreciate your home for 27 years, you'd still have to pay taxes
* real passive income * I have a job, a business, and a house with cheap mortgage.
No after all that I get to buy another house and rent out the first one while I manage it.
So...what have we learned ? Nothing is passive ! Lol
10years 😒
REITS
You go through lot of ups and downs .
Do not do TOPS
good day to all!! KEEP HUSTLING!!!
May i ask in which baskets or stocks you personally invest? ofc ill do my own research
like, loads of like
I would never ever give any money to Johnson n Johnson!!! Have some self respect
I took all the C*vid money and put it in a basket of dividend stocks. Because we were already FI. I currently earn $101 per month but I DRIP it all. So I figure in 10 years I will make $1000 a month to pay my HOA fee. All the money is in big American companies. I never worry about losing it because I was given the money, I didn’t work to earn it.
May i ask in which baskets or stocks you personally invest? ofc ill do my own research
Bro do you know how much fees then take if you don’t know than don’t make video like This. If you do the math with turn over rate and fees then it’s eat your dividends so check out fees and turn over % first.
NVIDIA is my pick ...
❤🙏👍
1:55 and skip 10 sec
Now do it again
Congrats. You’re a DJ
This stuff gives me a headache 😅
Call the police this is private information
😁😄😃😀
This is not passive income when you have a lot of effort needed in research
This guy just repeats his content and points over and over and just titles his videos a tad bit differently
Making RUclips videos seems to be one of his "passive income."
Because he does make a lot of sense. I have made some Special decisions and I am smiling
He put active work in to create it...
Get a government job with a pension. There done
That strategy is quickly becoming as reliable as social security will be in 30 years.
Don't expect that pension to be there. I live in a state that has seriously messed up pensions.
Government worker here: pension isn’t as guaranteed as before. Besides, there’s nothing wrong with investing and having a second source of income.
Worked for the city which used to be the gold standard but not anymore! Yes job is easy but pay is low and if you are ok with being around professional slackers than maybe if you save all your dough.
It’s very dysfunctional.
That’s easy said then done…
He talks the same thing for hours and hours
He’s producing valuable content. Go somewhere else if your don’t like it
Yeah just like t.v and radio.
Repeated contents over and over.
😂
There's a reason for it. People find the channel at different times
You don't have to watch it mate
And I watch it every time
It’s like on the job training. Somethings might be a little different but it’s mostly the same. Thanks to Jaspreet for taking the time to talk about the same stuff constantly so that it gets drilled into our brains
This is the same thing every time and it doesn’t work unless you have at least a million to invest. Come on Jaspreet, this is not doable for the average folk. This is becoming a joke.
I know rite they aim towards people that have a few thousand dollars just layin around and dont know what to do with it...well here's how
Most millionaires make under 75 thousand a year. Ramsey's solutions did a Study on this That proves this. The key is long term investments
@@superunknown2812 how much do you spend eating out every year