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In this video, I’m going over my 5 sources of passive income that now generate around $35,000 of profit each month! As a serial entrepreneur, I’m always looking for ways to work less, but create more income. Over the past 5 or so years, I’ve slowly built these passive income streams. I’m sharing them with you to give you ideas and inspiration for creating your own passive businesses!
Make sure to watch all the way through, as I’ll show you how I built each income stream, and my tips for you to start your own. I want to show you guys that it IS possible to create wealth while getting creative, and doing things you love.
⭐ The 6-Figure YouTube Academy (my new course launching October!):
https://www.sidehustlemastery.com/the-6-figure-youtube-academy
Here are my 5 current passive income streams:
1. My real estate investment property. I’ll talk about how we were able to build instant equity with this condo in Los Angeles, and how much positive cash flow it brings in today.
2. Affiliate marketing. I’ll go over what this is, and how promoting other businesses’ products and services can bring in a significant amount of monthly revenue.
3. Amazon FBA (private labelling). One of the most passive forms of e-commerce that exists today – I’ll show you what it is and give you an idea of how you can start your own e-commerce brand.
4. YouTube Adsense. Though not completely passive, it sure does feel like a passive income stream most deals. This is from creating ad revenue through my YouTube videos. I’ll also talk about how much money I make and compare it to my stats just half a year ago.
5. Stock portfolio. I invest in both index funds and individual companies, so the growth and dividend payouts from my investments give me a passive income stream. Right now, this makes me the least amount of money of all these income streams, but investing is one of the best things to do with your money.
How to Sell on Amazon FBA For Beginners [2020 FULL Guide]:
https://youtu.be/oS4FG-AwUGU
If you’ve wanted to learn how to build passive income or become a 6 figure entrepreneur, you’ve come to right place. I hope you guys get some value out of this video! The purpose of it is to inspire you and give you ideas for creating your own passive income sources! I am 100% rooting for each and everyone of you to succeed beyond your wildest dreams. And I know you can do it.
Make sure to LIKE and SUBSCRIBE to keep up with the channel. I appreciate all of you a lot and thank you for helping me get my channel to where it is today.
-Charlie
⭐ Get 1 Free Stock on WeBull when you deposit $100 (valued up to $1400):
https://act.webull.com/kol-us/share.html?hl=en&inviteCode=gnRA9ZYGlRkS
My recording equipment and favorite books:
https://www.amazon.com/shop/charliechang
#SourcesOfIncome #Entrepreneur #PassiveIncome
I LOVE YOU GUYS! Keep hustling and making your dreams come true. If you're interested in learning more about my YouTube course, check it out here:
https://www.sidehustlemastery.com/the-6-figure-youtube-academy
Could you do a video about different sources of income e.g how a index fund works, how bonds works. thanks
This guy is killin it!! Lets gooooo
Great inspirational video. Especially since you did it in such a short time. Probably anyone could have done it, with the same amount of work, but that's easier said than done, right? haha
That's the goal! Thanks for the motivation. 💪
Hi Charlie! Big fan and thanks to you, I am pursuing a career in Real Estate. Just curious, what are your thoughts on the BRRRR method? would love to see a video from you on that strategy.
Sharing the knowledge and watering that plant behind you! My man!!! 🙂
Great vid, man. People have the mindset that money is difficult to attain. But it's changing hands every minute, every second. People who have it want to spend it. You just need to find a way to provide value or master the multiple ways to get it to work for you.
I don't do stock markets, but I do commend you for having multiple streams of income. Stay away from the women that are looking to play the Jezebel role and get you for your money. Stay focused on your business is to make sure you keep your cardiovascular activity up to par. This way, you'll have more than enough energy to create quality content for YouTube videos and your blog-website. Keep up the good work! 🙂
I‘ve seen a $200 cpm 😮.
Would you mind to share on the next video your net profit that you get after all the taxes and expenses so everyone knows that it is not all sunshine and rainbows… 5 fig monthly … Really impressive! 👏
real question is< gross or net income?
Wow that is amazing