Here is exactly how I earn $ 6470 per month … or $ 215 per day … in passive income. I will also share some great ways to earn extra money and why it is so much better for your money to work for YOU than for YOU to work for money. Feel free to add me on Snapchat and Instagram: GPStephan
How I earn $ 6470 per month:
Own five rental properties – $ 4650 / month
Pay mortgages – $ 1600 / month in capital
Index fund VFIAX – $ 200 / month
Ally Bank savings account – $ 20 / month
Note: rental properties are not 100% passive … they still require an accounting time of income and expenses … but seriously, I have all the staff to handle things as they arise. Maybe one hour of work per month, sometimes two.
Basically, I keep my expenses at the level I get from rental properties so that everything I earn from real estate can be reinvested to make more money. That way I can increase my investments and keep the portfolio growing.
Some other great ways to earn passive income include:
Invest in real estate – Rent properties
Invest in the stock market: I'm a fan of Vanguard Index Funds
Own intellectual property such as eBooks, websites, online marketing … and maybe even YouTube;)
Amazon FBA, Affiliate Marketing, Drop Shipping can be a good choice.
Through semi-absentee property companies, such as laundries, storage centers, car washes, etc.
Owning your own business and hiring people to manage daily operations
Peer to peer loans: www.Prosper.com, www.LendingClub.com, etc.
If you have really read this far, I hope you appreciate transparency. I am making these videos as an example of what is possible and I will plant why passive income and investments are absolutely important.
Thanks again for watching! Feel free to comment below, let me know your thoughts, questions, anything …
For investment inquiries in real estate or real estate agents or individual inquiries, you can contact me at [email protected]
The real estate agent millionaire:
Your money or your life:
The millionaire real estate investor:
How to win friends and influence people:
Think and Grow Rich:
The book on investment in rental properties:
Favorite credit cards:
Reserve Chase Sapphire –
American Express Platinum –
Video credits to Graham Stephan YouTube channel