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To expand on the eBook idea, write a series. If anyone remembers R.L. Stein when they were a kid, then you remember how he would end 99 percent of his chapters with cliffhangers. You could do the same but with a series that you wrote, end every book in a cliffhanger so the reader is compelled to buy the next book in the series. Kind of like what The Walking dead did.
I'm really suprised of people saying that this is a bad video. Of course Ryan won't tell you what Exactly you have to do to start earning money. He is just giving you some ideas. If you don't understand how to start - just google some tutorials, read articles or books (hint: library) about it. Then start working on your passive income. Not satisfied? Practice makes perfect.
It's important that the investment you choose does not ONLY generate passive income, although your main idea is to live off the passive income that investment generates you it’s important that the investment also has an underlying value that you could sell it for if you decide to do so one day.
Because your initial investment, the money that you used to buy that building (for example), is still inside of that building. If you invest with the idea of having passive income, although that building has been generating you passive income it has not been paying off your initial investment it has been generating you new income, so if you want to have that initial investment payed back one day you need to make sure that the investment has an underlying value.
Where do you get your $400/day figure? There was no numbers in this video. No stats or figures. You could've just as easily said $500 or higher. But too high and people would know it's a waste of time vid.
Rick James I received $10,000 in my account from [email protected]
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Yeah about stocks that pay high dividends... If its a really good company thats been gaining value through their price per share, then they do not have to offer dividends to entice people to buy their stock. I stay away from high dividend paying stocks which will most likely lose value in share price making any gains from dividends negligible.
Hello Millennial. I could really use your help. I'm a single parent with health that many days keeps me defined to my bed. I need to do better financially bc I believe in no excuses in taking care of children. Hopefully you hear my call for assistance and reach back out to me. Appretiate it if so.
Not here to rain on any parades, but yeah, he was wrong in several ways. I watched the video at 2x speed because I figured it was a waste, and it was, but he stated "real estate takes decades to become totally passive" which couldn't be further from the truth. Then the comparison between day-trading on the stock market and "going to the casino." This guy is obviously an amateur, but stupid people listen to stupid people, so whatever works for him, I guess.
Well, the first one its not free: selling an ebook on Amazon it's not free, plus, there's not guarantee that you will sell what you try to sell. So it could make you lose money, instead of having a passive income, like you said.
Sorry but Affiliate Marketing is way more passive when done properly. Even offering an online video course is more passive than writing a book because you can continue to gain customers even months after you created the videos.
Writing an ebook is NOT passive income. It MUST be marketed. With over a million books on Amazon competing for your attention unless you put considerable time into marketing and building your platform you will not make a dime. I can tell you this from experience.
I'm not the biggest fan of bitcoins, but saying that selling your bitcoins on a regular basis is not passive income because it's too much work while at the same time telling people to write a book or create a youtube channel is absurd.
I can smell bs coming from you. This is advice that has existed for years and a lot of peer to peer places are being sued. Writing an ebook isn't a good idea because that takes a ton of time so not worth it unless you are already making passive income. Affiliate marketing is alright but you already have to have something with clout to actually make money. Real estate is not passive income, it's a business and a job.
Guys, if you want real passive income then you are going to have to use the old fashioned methods of making passive income and that takes forever to actually get your life going. The best thing you can do is lower all your costs like crazy, pay off all your debts, then invest as much as you can. If you put in 2,000 a month into a mutual fund for 5 years with an annual return of 10%, you'll have about 200k. That's your passive income right there.
Bud I'm sorry to tell you this but writing an e book is not "100% passive income" because literally nothing is. if you have to do any type of work it can't be classified as 100% passive it would be called low maintenance income 👌
U just repeated what everyone else says on this topic maybe I'll just do that repeat what everyone else says on other topics including this one and waste everyone's time by making them watch repetitive videos by make them think theyre getting new information
Well, I am at $200 a day and like Rob Proctor said; once you know how to make $1, you know how to make $1M. I am on track of earning $500 per day in less than 2 month and my goal is at least $ 2000 a day. Just need to repeat the formula
What a badly titled video.
Writing a book is passive...yeah because you write in your sleep. Right?
Blogging/blogging - how is this passive? It requires work to script and execute these.
And you briefed over Bitcoin - that's a single cryptocurrency. There are many cryptos that provide 'passive' income with a fair return (and no, I'm not referring to BitConnect).
Your ring looks cool though.
I don't think anybody is actually going to do any of this. You bash on others but it's like most other videos about the topic.
Nobody is going to write an eBook. Maybe if they already have a reputable blog or Youtube channel.. but that takes years to establish. So count that out.
What people want to see is a step by step guide for making a shopify store, selecting a nieche, setting up shipping, payments, literally every tiny thing, advertising on instagram, how to buy ads, how to make photos for your products, where to buy them, how to make a good facebook page, where to buy stuff to sell? Do you first buy then sell? Order in bulk? How does any of that even work? And all that should be on the video, not just theory.
Every video that talks about Shopify just talks about theory. "So you select something to sell, then you gotta go to Shopify and make a store and you want to get some ads". Make a video series about doing it, you'll get millions of views.
I've seen one video series by another channel that actually did a challenge like this and recorded every single step of the proces, from nothing at all, not even havig a Shopify account. That helped a lot and I'll try working on my own store some more.
Yes and the book we all write is "how to make money" then we have to sell it by pretending we have money. Brilliant! I already invested so meh its a wait. Invest in what you know is the only advice I have.
What the fine print says, and what morons like this either won't tell you or more likely don't understand, is that ultimately the economy is driven by _people doing things_ for other people. If you aren't doing that, then you are consuming without producing, and unwittingly doing harm to the system (cough other people cough) that produces your wealth.
Classical economists of the early 20th century imagined that we'd be living leisure society by now, with 10 hour work weeks. Whats actually happened though is that we work roughly the same amount, and the wealth produced by that labour has ended up in the top 1% by way of a massive spike in unearned income. Lending, dividends, rent on real estate etc. This slowly moves wealth (and thus purchasing power) away from the working and middle classes, reducing the capacity of the economy until there is a recession, or the people get fed up, realise they are getting boned, and behead all the aristocrats (or some contemporary equivalent thereof).
If you want to be a good human being, get good at the thing you love. Then use your skills to get payed and solve peoples problems. If you aren't doing that, then you are dead weight.
When you look at this asshole, you are looking upon the face of 21st century aristocracy.
What he is doing is indirectly responsible for many of the worlds problems today. It may be making _him_ rich, but it's making society poor. It isn't sustainable, it isn't ethical, and it isn't smart.
there is no such thing as passive income, not for the long term, of you want to make a decent living from anything you have to put in the work, if you think real estate, investing or even youtube is passive income you are just fooling yourself
Millionaire Millennial are you sure? The statistics page on lending club shows it’s about 4 to 5% return over 10 years. About the same as any bond etf.... but much higher fees. You only had returns for 12 months as you stated on the video....
Get a brokerage account. Set alerts on your phone to notify you for dips in SPY. Buy Calls for a couple months out. Set a new alert on your phone for when it increases to desired amount. Sell purchased Call. About two minutes of work and easy money.
A great way to make passive income is mining bitcoin or other cryptocurrencies. This is made very easy now by so called cloud miners. They have done all the hard work and you simply need to buy a contract from them and you start mining straight away, it requires no knowledge at all! No costs for electricity, no heat or noise from the miners in your room. Everything is done for you and you get paid every day. Sign up to Genesis Mining and use this code to get 3% off of all your contracts to make it even more profitable: CHgSyo
if you need any help feel free to contact me
This video was a waste of time, I want my time back! This is click bait and a way for this douche to make more money from views. If you read the comments section first before watching the video, I can save you a bit of time by telling you not to watch this video!!
Work out if you need to pay.
When you know your gain you need to work out if you need to report and pay Capital Gains Tax.
You may be able to work out how much tax to pay on your shares.
the same type, acquired in the same company on the same date sold at the same time.
sold other shares in the tax year sold other chargeable assets in the tax year, such as a property you let out claim any reliefs are a company, agent, trustee or personal representative.
Reporting a loss.
The rules are different if you need to report a loss.
Fifth most actively traded share.
Market capital of DKK 206 bn.
Shareholders by geography.
Rest of Europe etc.
Ratings from equity analysts covering the Danske Bank share and consensus earnings estimates.
Selling in special circumstances.
shares you bought at different times and prices in one company shares through an investment club shares after a company merger or takeover employee share scheme shares.
Jointly owned shares and investments.
If you sell shares or investments that you own jointly with other people, work out the gain for the portion that you own, instead of the whole value. There are different rules for investment clubs.
What to do next.