How I Plan to Build 5 Passive Income Streams in 2020!

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In this video, I discuss EXACTLY how I Plan to Build 5 Passive Income Sources in 2020! Check out my Instagram (Investing Engineered):

In this video, I discuss the 5 sources of passive income that I plan on developing throughout 2020, along with exactly how I plan on building them! Passive income is SUCH an important topic to understand and apply within your life – no matter what age you are. Taking advantage of passive income will allow you to quit trading your time for money and reach financial freedom! In fact, building passive income streams is a major goal of the Financial Independence Retire Early (FIRE) community. I’m personally very passionate about building my passive income streams as I’m young to benefit myself when I’m older – so I will be discussing my passive income goals and plans to achieve those goals in 2020!

Check out the entire video to hear my explanations on each of these passive income sources I plan on developing in 2020 – and let me know what you think down in the comments section! 🙂

Anyways, thank you for watching! If you did enjoy, please hit the LIKE button to support my channel – I would really appreciate it. Also, be sure to SUBSCRIBE for more weekly content on personal finance, business, and investing!

Please note that I am not a financial advisor. I create these videos for educational and entertainment purposes only. Before investing, make sure you perform your own research and understand all of the risks involved!

Music by Lakey Inspired – check out his channel:


Investing Engineered
Nick Peitsch, E.I.T.


A Poor Millionaire says:

Great video Nick Excellent ideas.

Daniel Radcliffe says:

Passive income is the way to go!

Ryan Giffin says:

I hope you document your real estate journey.

Ryan Giffin says:

These all seem like reasonable goals! I bet you do more than $1k!

RicoSuave Investing says:

Great ideas Nick.

Chris Invests - Personal Finance Videos says:

2020 is going to be a good year! I hope to be acquiring a rental soon too!

Brother Love says:

What kind of camera do you use ? Real estate looks like a better investment. Even in kamloops

Logical Finance says:

Awesome video, Nick! Your videos keep getting better. Good luck on the rental property. Will be a good learning experience and cash flow!

Brush of Knowledge says:

You'll beat your goals with that attitude 👍

Obi-Wan Kenobi says:

Hello there

Dylon Garrett - Investing and Personal Finance says:

12:50 -“hook up with a real estate agent”

Me: texts my real estate “hey what are you up to tonight” 😏

No but really – these are some awesome, obtainable goals.

Dividend Growth Investing says:

These are actually really really amazing tips on building passive income. I missed the video from Ryan on clickbank… I'm going to check it out.

Online Hustler says:

Nice content bro, earned you a new sub. I've made a few tutorials on how to make $$$, please check them out on my channel :)) Thanks!!

GenExDividendInvestor says:

I think you will get more than $1k in YT related revenue in 2020 🙂

Passive Income Tom says:

Great goals Nick! 👍 Have you figured out a location for the rentals? I have heard the homes in Canada are expensive.

David Smolyak says:

Great video Nick! Just finished up with finals and can finally go back to making videos with my free time.

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