Saturday, 10 April 2021

10 Ways To Build Passive Income As little As $100

Today I want to talk about 10 ways you can build passive income and some of these ways cost less than $100. Passive income is the holy grail of income, this is income that you don't have to work for and it just comes in passively. Have you ever dreamed about the day where you can actually stop working, sleeping, and still have money coming in every day or every month? Well, to do that, you need a lot of passive income to replace all of that income you're making at your day job. The vast majority of you make zero dollars in passive income, which means for you to make money you have to exchange your time and actually work for that money. This is fairly common so don't feel bad. Once you start making passive income, it feels great, and then you start to get addicted to it

Now, making passive income is not easy, and it will require one of two things. Either a lot of time upfront or a lot of money. But you don't need a lot of money to start your passive income journey. I'll show you how you can start your first passive income stream with as little as $100. The hope of this article is to just inform you of all the passive income streams that I know about, it's not gonna make you a ton of money where you can quit your job tomorrow, but the point is, you can actually start your passive income journey now so that way you can start building it up over time

So I'm gonna share with you 10 passive income streams that I know about. A lot of which I'm actually I'm doing myself currently, some of them are on hold, some of them are in progress, a lot of them are actually active.

1. Real Estate Rental Property 

This first one is probably the most expensive and that is real estate investing and getting rental income. The reason why this is the hardest is that it costs the most amount of money. For you to even get an investment property you have to have a 20% down payment, and if you live in a state like California, homes are probably gonna cost you anywhere from $150,000 to $200,000 or even more, it could be up to a million. And so coming up with that large down payment to even buy an investment property is gonna be very difficult

Another issue with this is if you can't find a positive cash flow property then it almost doesn't even make sense. Remember, you have to put 20% down, which can be $20,000 to $100,000 and if you're not getting a return on your money, then you're better off just going with some of the other passive income streams. And the reason for this is because home values have gone up so much. After all, unemployment rates are down, interest rates are low, and everybody can afford homes which ultimately drives the price of real estate up. Even if you had 20% down to buy an investment property, you still have to have other requirements. The lenders may require you to have reserves saved up, they also might require that you have actual property management experience because they don't even know if you can rent out a place, do you know what a lease is? Do you have contracts? Do you have experience? And so you can see there's actually a pretty big barrier to owning a real estate rental property. 

The idea here is that you buy a property, you take out a mortgage and you run it out for market rate, and after all the fees, your rent minus all the expenses, you're gonna come out with some kind of positive cash flow. This might be $100, $300, depends on what you're after. Me personally, I like to have at least an 8% return on that money. And so if that rent and mortgage don't make sense then I won't even buy the property. And the nice thing about this is once you find a tenant and a good property, it's pretty passive. The only real thing you need to worry about is you might have to do some repairs once in a while, and then every month you have to go and cash that sweet Cheque. 

2. Rent Out Your Extra Space 

I know not everybody has 20% down and they don't have a lot of money to buy a real estate property but there are other ways. A lot of you actually own homes and I actually did this a long time ago when I bought my first house. I rent out some of my rooms in my house. And so you can rent out your rooms to college students, roommates, whoever. You're gonna lose a little bit of privacy but they're gonna pay you anywhere from $300 to $400 a month for the room. This is a good way to offset your mortgage or make a little bit of income on the side. Now, this really only works if you're single or you're living with your girlfriend. If you have any children it's probably not gonna work out very well unless your house is segregated,  but you will have to share this space with some people and that might turn some people off

Another option is if you don't own your house, let's say you're renting, you can actually sublease some of the rooms out in that rental. You want to make sure that you get approval from your landlord before you do this, I mean, they're probably gonna get a little jealous that you're making extra money off of their property, but you can make some of that money back by just renting out space that you're not using. Let's say you had a room that you weren't using in that three-bedroom house you're renting, you can actually sublease it out to somebody. It could be a college student, it could be anybody, and that'll offset some of that rent you're paying.

Another option you might have is you can actually rent out your garage. A lot of people don't have a lot of room to store things and they have to pay for storage fees and you can go on to this website called and rent out your space to your neighbors 

You can store all of their junk in your garage and just give them access to it. Maybe put a lock on the door where you can only access the garage from their garage door and then just give your neighbors access to it so that way, they can keep paying you a monthly fee every month.

3. Real Estate Investment Trust (REIT)

Let's say those two options weren't for you, another real estate option you can do is you can actually buy stocks in real estate. These are called REITs or real estate investment trusts. These are just corporations that own a huge portfolio of income-producing real estate. The great thing about REITs is that by law these companies have to pay out 9% of their profits back in dividends to shareholders. That means that if you own stock in any of these real estate investment trusts, they have to pay you dividends when they make a profit 

One company I like, it's called a "Realty income corporation"

They own buildings used by Walgreens, 7-eleven, Home Depot, Walmart, Sam's Club

These are all big names and big companies that probably won't go out of business. And so the rent that these companies are paying is probably gonna remain. Realty income corporation pays a 3.71% dividend yield back to their shareholders

Another one I like is "Essential property realty trusts" 

They own mostly restaurants, so think about like Taco Bell, or Arby's, or some of the smaller restaurants

They own a portfolio of real estate that they rent out to these companies. This company pays a 3.87% dividend yield. If you want to play it safe, you can actually buy an ETF and this is just a collection of a bunch of REITs put together. Vanguard has one. It is called the Vanguard real estate ETF. it has over 150 companies in it and it actually includes a two company that I just mentioned earlier in there as well

The Vanguard real estate ETF pays 3.97%. It has an expense ratio of 0.12%. This is a good option if you don't have a lot of money to buy your own real estate but you still want to invest in some kind of real estate. You can buy any of these stocks for under $100 a share as of this article. 

One of the things you need to be careful about with REITs is that all of the money that they're paying you is going to be taxed as ordinary income and also has a 3.8% surtax on the investment income. And so, just keep that in mind when you're actually looking at all these options

4. Own Dividend Paying Stocks

The next way to earn passive income is to own stock within a company. Did you know that some companies actually pay you just to hold their stock? And so what happens is when companies make a profit, they actually take some of that profit and pay it back in the form of dividends to their shareholders. Just by owning stock in that company, they will reward you with a dividend payout every quarter. Companies like AT&T, McDonald's, Procter & Gamble, Johnson & Johnson, coca-cola, Apple, Microsoft have all been paying dividends for a long time to their shareholders 

Now, the dividend yields for these stocks vary between companies, some companies will pay 1%, some will pay 5%, some will pay 8%. To get a dividend you actually have to own the stock before a certain date. This is called the ex-dividend date, and so if you own that stock before that date, you'll be eligible for a payout for that quarter. So you can make passive income with as little as $100. So a lot of these stocks are actually very cheap to buy. I'll use Ford as an example, today you can buy Ford for $6.64 a share. So with $100, you can buy 15 shares of Ford. And Ford has a dividend yield of 9.3% per year. And so if you put that $100.00 in ford today, you would get $9 a year from Ford from dividends. That's not bad for $100.

Now, you can do this with the other companies I mentioned as well, just check their dividend yield. Make sure they're actually paying them out and make sure the company is large enough where they won't go bankrupt.

Another bonus with buying stocks is the fact that these stocks can actually grow in value, and so not only will they pay you dividends, they can actually appreciate in value. So Ford can easily be $8 next year. I don't recommend you buy individual stocks because it can be risky when you're only buying one or two companies, what you want to do is diversify and buy a whole bunch of companies. 

5. High Dividend Yield Index Fund/ETF

If you're interested in high dividend yields and make a passive income this way,  you can actually buy a fund that has a bunch of dividend-paying companies in it. Vanguard has one and they call it the high dividend yield ETF (vym)

This fun just has a bunch of companies that pay dividends in there, and it helps you diversify your portfolio so that way you don't have to go and buy every single company. You can just buy one fund and it has almost 400 companies in it

The Vanguard fund pays a 2.26% dividend yield. Not the most glamorous dividend yield but it is gonna pay consistently because there are so many companies in there.

6. Own Municipal Bond (Munis)

You can buy municipal bonds. These are sometimes called (Muniz), and these are loans to the government so they can fund projects. They set the terms, they set the rates, and they pay you back. And at a certain point in time, you get all your money back plus the interest that they're paying you. The reason why I like bonds is that it's a different asset class than stocks and real estate, so it's a good idea to diversify your portfolio in the event a downturn happens. But another great thing about these bonds is that they're tax-free earnings. And so a lot of the ones that you can buy are actually tax-free from the federal government, state government, and even the local government. In California, you can invest in (pck) or California municipal bond and this one pays 3.85% 

One nice thing about municipal bonds is that when the stock market goes crazy, the bonds either stay static or they actually go up in value. And so it helps with diversifying your portfolio

7. Interest From High Yield Saving Account

Use the current money that you have and put it in a high-yield savings account. So you have a lot of money sitting around and you're saving it up for something, you need to put it in a high-yield savings account because you can get anywhere from 1.2% to 1.85% APY. And this money can earn you interest without you doing anything. And so if you had $1,000 and you put it in one of these accounts that paid 1.85%, you've actually earned $18.50 a year with that. This is basically risk-free passive income that's not going to go anywhere, the only thing that's gonna affect this is if the federal rate changes, and so you might make a little bit less or a little bit more. It's definitely better than having money sitting in your mattress and doing nothing.

8. Affiliate Marketing

Amazon is the easiest example but basically what you do is you go and promote a product. And you may not even be promoting it, to sell it. You could just be showing it off or you could just be reviewing the product or you could simply just be using the product. I'll give you an example, let's say I was using a product for camping and I was out camping and I shot a video, somebody might see that, and they might be interested in that product. They might ask about it in the comments or I might post a link to all the products that I use in the video, in the description, and now somebody clicks on that link and purchases that item, I get a percentage of that through the affiliate program

It can be 2%, 5%, it can even be other items that they bought along with that purchase. The fact that you're directing them to Amazon to buy something, you're gonna get a cut for everything they bought as long as they buy it within 48 hours. 

Now, not everybody qualifies for the Amazon affiliate program, you have to meet some criteria, you either have to have a thousand subscribers or a thousand followers or some kind of Facebook group that's pretty large. So you actually have to do some work to build a following

Another option for affiliate marketing you can do is you actually go and promote somebody's product or plan. And what I mean by this is let's say somebody had a diet plan that they were trying to sell, it could be like $80 for all the recipes to lose weight, now it's not gonna be easy for that person to sell that dietary plan because nobody knows who they are, they don't even know if that plan works, but let's say I go and I lose like 50 pounds and I talk about this plan on my YouTube channel or my blog, and then I post a link and tell them, hey, I follow this plan, go buy this program it's the best thing ever. They go buy it for $80. Well, that company will probably pay me 30% of that just for referring them to their plan.

So, this is another way you can make money passively. That blog is probably gonna stay there forever or that video is probably gonna stay there forever, and people are gonna find these things and then they're gonna go through and buy through your link. And similarly, you can find other companies that will pay you to sell their products. And sometimes these people are called influencers, and I'll give you an example, let's say you were in the car mod senior, modifying your truck, well, there could be an aftermarket company that wants you to promote their products and they might give you some product to put on your truck, and then what ends up happening is you start talking about it in your channel or on your Facebook or your Instagram, and that person may actually have an online store selling all of their products and so the fact that they're going to their store and buying those products, that company that owns the product will actually pay that person a cut for actually bringing customers in and buying from their store. So these are good ways to make a little bit extra money on the side. 

Amazon ultimately is paying you that commission for you not doing anything anymore, you just have to put a little bit upfront work, and then that aftermarket company is paying you for actually promoting their product and getting customers to buy from you.

9. Sell Online Merchandise (

There's a company online called that actually allows you to make custom t-shirts. So if you have ever gone to the mall recently and you see that little t-shirt stands where they sell those custom t-shirt that is kind of funny, these are just fads or gift shirts or funny quotes. Well, teespring just let you build your own design. And so you can build your own shirts that maybe don't exist yet, maybe it's a shirt for your channel, can literally be anything

Basically, you design some kind of graphic, you put it in this interface that they have on the web, and you put it on the shirt, and then you can actually advertise it on their website to sell or you can advertise it yourself. Let's say you put it in the category of beer, somebody's gonna search for beer shirts and if they find yours, they can buy it and you'll get a cut

Teespring will fulfill the entire order. They will make the shirt and ship it to that person for you. All you need to do is just provide the design and make it available. This is a great way to make passive income because once you design the shirt you don't have to do anything anymore as long as people buy your product and your product looks pretty good, then you're gonna get a cut every time there's a sale

10. Amazon FBA (Fulfilled By Amazon)

A lot of the products that exist on Amazon today that you're buying are probably not owned by Amazon. These are actually sellers that are actually reselling products under the Amazon platform. Now a lot of people don't realize this because all they see is just Amazon and they think Amazon is selling the products, but in reality, it's just regular people finding products in China and buying a mass quantity and reselling it on the Amazon platform 

Amazon FBA isn't that easy you actually have to go and find products to sell that nobody else is selling or if you're trying to sell the same product you actually have to differentiate it from the other ones. So not only do you need to find a good product, you have to find a quality supplier that can make that product. But I'll spare you the details. Once you have everything set up though it's pretty nice because you don't really have to do anything amazon's platform does all the work for you. Literally, all you have to do is send all your inventory to Amazon, post a listing up on their website, and then once a buyer starts buying things, amazon will fulfill the entire order for you.

All you really need to do is make sure that you have enough inventory and then sit back and collect all the money. 


As you can see a lot of different ways to make passive income. The idea here is that you can't quit your job tomorrow just because you read this article. You actually have to build up those passive income streams. Just remember that every dollar that you make passively is one less dollar that you have to make going to work. So instead of spending your money on nonsense like cars and vacations, the hope is that once you start building your first passive income stream you're actually gonna want more. As I mentioned it's gonna get very addicting, eventually you may even get to a point where your passive income is enough to live off of. That means that you can quit your job and even retire early

5 Income Streams To Become A Millionaire

We're going to be talking about how to build five income streams and become a millionaire. This topic is something that I know a lot about because I've created all five of these income streams throughout my financial life. So I have some experience. Also, most millionaires have done this as well. Statistics tell us 65% of millionaires have at least three streams of income 

1. Earned Income

Earned income can be from a 9 to 5 salary job or a 9 to 5 hourly job. It can be a side hustle like driving for Uber or door dash or a self-employed individual or independent contractor. All of that would be considered earned income. When I was working in banking I was a salaried employee. So I would take my salary, I would pay my expenses and what I had leftover, I would then take and invest in the other four income streams I'm going to be discussing today. So the first step in developing income streams is to get a primary income. And then with that primary income, you'll be in a position to start building additional streams of income

2. Dividend Income

That can be from stock that pays a dividend. It can be from an index fund that pays a dividend. Companies that share their profits with their shareholders, they call that a dividend. For example, if I buy Walmart stock and Walmart pays a 2% dividend annually and I buy $100 worth of Walmart stock, every year Walmart will pay me 2% of that $100 which is $2 per $100 I invest in Walmart. That's a dividend.

Now, there are some companies that do not pay a dividend and they call those growth stocks. An example of a couple of growth stocks is Tesla and Netflix. Both of these companies are in a growth stage. So what they do, instead of payout profits or a portion of profits to stockholders like me or shareholders like me, they simply take their profits and reinvest them back in the growth of the company. So that's a growth stock. But that is a way you can make income from dividend income

3. Capital Gains Income

Capital gains income in this situation I'm talking about is for stocks, and let me give you an example if I bought a bank of America at $15 a share, and then bank of America stock went up to $35 a share, then I would have a $20 per share gain. Because I bought it at $15, I sold it at $35, that's a $20 per share difference. That's called a capital gain. And that's how you make income off of stocks through capital gains. You buy at a certain price, hopefully, the stock will go up in value, and you sell at a higher price, and the difference between where you bought and where you sold is your profit. And that can be an income stream. 

It has been an income stream for me for many many years, but that's a way I generate income from myself on an annual basis through capital gains on stock. You can do the same thing, but it all starts with that earned income or that side hustle income, and then from there, you would take that income, you would buy stock, you would hold that stock, and at some point in the future, you would sell that stock and you would receive a capital gain and that would be additional income for you.

4. Rental Income

Rental income from real estate investing. This one is probably my favorite I have built a lot of wealth over the years through real estate investing. You can buy and hold real estate or you can buy and flip real estate. I'm gonna walk you through buy and hold because that's what I know and that's what I did to build my wealth. There are some advantages to investing in real estate. Long-term capital gain is one of the advantages of buying real estate. Let me give you an example, I buy a piece of real estate for $100,000 today, I hold that real estate for five years. The real estate appreciates in value from $100,000 to $145,000 in my five years of owning the property. That's capital appreciation. The difference between what I paid for it which is $100,000 to what the value is today which is $145,000. So $45,000 is my capital gain. That's an income stream on your real estate investing

Another benefit of owning a real estate investment is rental income. You put a tenant in a property, they pay you a set amount of income every single month for having the right to live in that property. That's rental income. So that's another advantage of owning real estate as an investor.

The third advantage is you can actually take that income from the rental income, and you can reinvest that income back into buying other assets that create wealth for you. Assets like stocks or index funds.

The fourth advantage of owning real estate as an investor is being able to leverage money. For example, if I wanted to buy $100,000 worth of Tesla stock. I would actually have to come out of my pocket with $100,000 in order to get $100,000 worth of Tesla stock. But if I wanted to buy a real estate property for $100,000, I only have to come out of my pocket with about 20% of that $100,000 which is $20,000. And then I would go to the bank and borrow the other $80,000. And that is a really really good example of why real estate is so popular among millionaires is because they get to leverage other people's money to buy assets.

The fifth advantage to owning real estate as an investor is you get to deduct certain expenses associated with your real estate property. You can deduct the taxes, you can deduct the depreciation, you can deduct the insurance repair and maintenance, you can deduct all of those things on an annual basis against your rental income.

5. Business Profits

Many many people have built businesses over the years and those businesses have allowed them to gain wealth through profits. And what are profits? When you start a business or if you have a business, you have what we call revenues or sales. But you also have expenses. So your top line is your revenues or sales, let's say a $100,000, your business did a $100,000 in sales or revenue, you also had about $50,000 in expenses, and those expenses are what it cost you to run your business, and then your net profit was $50,000. You can take that profit and then you can invest it in real estate, you can invest it in other businesses, you can invest it in the financial markets and create income streams for yourself based on your business profits. One of the best ways to build wealth is through business profits

Those are the five income streams to build wealth to make you a millionaire 

How To Build A 6-Figure Personal Brand (Step-by-Step)

How exactly do you build a personal brand? This article is aimed at people looking to build their own personal brand which I honestly believe should be everyone. I promise you, a personal brand will change everything you do. It will 5x your opportunities, maximize your influence, and help you build any business. People who are already extremely successful did so much when they built a personal brand and 5x their business. 

What Is Personal Branding?

Your personal brand is how you promote yourself. More specifically you are someone that has something to offer, whether it be entertainment, inspiring other entrepreneurs, talking about personal finance, it's whatever you want your reputation to be. If you truly want to impact the world then a personal brand is one of those long-term strategies that will make it entirely possible to do so. It will help you get your message out into the world and it will also give you the platform and credibility to reach millions and millions of people.

1. What Do You Want To Be Known For?

Just take a moment and think like, what are the things that I want to do in life, and also what am I really passionate about? If you don't have a very traditional career, you're doing side hustles, you're just working for yourself after graduating college, that can still work out. One thing you have to realize is that it's okay to change your focus and change strategies over time. However, you do want to focus most or all of your efforts on that overarching goal. Yes, that goal can be a little bit generic, but that's okay. As long as you do things every day that get you to that generic goal, whatever you do exactly it doesn't really matter and you can shift your focus, you can change strategies, which is totally ok. The thing is you want to have that goal and you want to start moving towards it

I will say that at some point you probably will want to niche down because when you niche down, it makes success a lot easier. The best personal brands are very focused and ultimately you want someone to be able to describe your personal brand in one short sentence

2. Create Value 

The second thing you want to focus on when creating a personal brand is just creating value all the time. The value should be the one word that influences everything you do. As a beginner, your content should never be to just sell. It should be about giving value, giving it as much of it as you can without expecting anything in return. And you'll find that by doing that, the things you'll get in return are gratitude, appreciation, and all these things that make you genuinely feel very good. However, of course, that doesn't pay your bills, at some point you will want to have an offer. You want to create an offer that you can sell to your followers and to your clients. This can be like coaching, this can be writing a book, this could be creating an online course, there are tons of ways that you can still continue giving out value, but making some money out of it

But if you're just starting out you probably won't have an offer or a product for quite some time, but that's totally ok. Right now the whole purpose of everything you should be doing is to get those followers and to do that, you need to be creating value, helping people, inspiring them, and really not expecting anything back in return.

Here's what I want you to do

Think about how you want to start changing people's lives and then just start building content that will make that possible. For example, let's say you're trying to help people out with personal finance, start thinking about the content that you can begin creating, about savings accounts, about investment strategies, retirement accounts, how to use credit cards, literally the list is endless. If you want to help people out with being able to create delicious vegan meals, start accumulating a bunch of recipes that you have done yourself that you love that will make people want to become vegan. Film those recipes, show the whole process of making the food, and show the final result and show how good it is.

Any category that you want to help people out in, there's going to be a million, a billion different ways to make content to get you there. But the value you're giving out should create a positive impact, and everything that you put out should leave your viewers smarter or more inspired than they were before. Really just seek to change people's lives. People don't follow others who only just talk about themselves, people only follow someone if there's something in it for them. And that sounds a little bit shallow. In this world, there are millions and millions of influencers of personal brands who are all vying for your attention. There's no way I would follow someone if I'm not getting anything in return. So just keep that in mind as you're building your personal brand. 

Think, it's the type of content I'm making, actually making people want to follow me? If the answer is yes, then you're doing the right thing and keep doing that. But if you find yourself answering no, if you're just making content that doesn't really help people out that, doesn't give them some type of entertainment, and that's what I would definitely rethink my content strategy and push it more in the direction of trading value.

3. Being Consistent

This is one of those things that most people aren't able to do. It makes sense. I mean, your personal brand is a journey. Your most loyal audience those who you impact the most will follow you on your journey, will see months and months of videos, they'll be reading your Instagram posts and just be looking forward to your content for years and years. Yes, some people will just see one piece of content and then just follow you, but to fully impact them, you'll have to keep creating more and more content, all of which keeps helping them, and of course, make them want to keep following you. I know saying just be consistent is quite generic, so what I mean by that is you need to create consistent content across all platforms like YouTube, Instagram, and TikTok. I know It's really time-consuming, it's hard, don't get me wrong, like creating content across different platforms is going to eat up a lot of your time and it's gonna eat up a lot of your mental strength. However, if you really want to invest in your personal brand, this is what you have to do

I will say that right now, I think TikTok is the best platform to get on, especially if you don't have a big Instagram following or a youtube following. I see TikTok as the best funnel and TikTok is just the platform where the most number of people will see you. People and YouTube probably watched maybe a few or five videos per day. However, on TikTok, people that are consuming content will see hundreds and hundreds of creators. If you're able to stand out, and if you're able to put a good (call to action) on your video or on your profile, this is the best way to get new people to your content and subscribe and follow you on your other platforms. It is for sure the best return on your investment of time you can have right now. And all that consistency will lead to a tipping point. For some, it's gonna be a very big tipping point. But for some other people, it's gonna be a slower tipping point, but it still will be a type of tipping point. Just know that everyone's path will look a little bit different, but that's the beauty of it

Consistency is so important for your success. You'll also want to be consistent with the type of content you make, your style, as well as how you brand yourself.

4. Be Yourself And To Be Extremely Genuine

Authenticity is the key principle that any personal brand has to have. And to do so, you need to show your audience who you are and what you believe in. You'll want to show people your skills, your credentials, and your mission and deliver humbly. You don't want to come off as super cocky. I mean. I guess if you're normally cocky then I guess don't change that. but that's up to you. People love behind-the-scenes, people love Instagram stories, because it shows your day-to-day life, it shows something that's a little bit less scripted and that really brings out a lot of authenticity for your platform. The audience is smart, they can totally tell if your blessing or if you're inauthentic. If you're doing something that isn't in the best interest or is just completely fake, they will catch on and they will call you out on it. So yeah, you'll have to build trust. For people to take your advice to be inspired by you, of course, they're gonna have to trust you. Why would someone continually watch someone or try and learn from someone if they didn't believe in what they were saying?

So think about your favorite influencers, someone that really inspires you that you look up to. And think about how they give off authenticity. Think about all the actions that they do on social media that make you more drawn to them. And what you want to do is just emulate that

5. Creating A Website Or An Offer

Don't worry about this until you have completely mastered the first four steps. Because without those, then this step just won't matter. So a website is a landing page where people can go and see what you're all about. though you have to have social media accounts on YouTube, Instagram, TikTok, and others, those are actually platforms that you don't own and that you don't control fully. That's why it's important to have your own website that's hosted by yourself, that you fully control. With any personal brand, I mean, a big part of it is just giving value, but another part of it is you're building your own personal business. And to make it a business you have to monetize it. So when you get to the step you can start thinking about the ways that you can actually monetize your personal brand and have helped you with your other businesses

This could be things like merchandise, affiliate marketing, services, consulting, coaching, online courses. I'm not gonna get into the millions and millions of ways that you can monetize a personal brand but just know that having a personal brand will lead to so many different opportunities to making money. There are a lot of platforms that you can use to build your website, Squarespace, Wix WordPress, and they're all really good. Squarespace in Wix are amazing platforms they're all-in-one, they make everything extremely easy and they look amazing

On the other hand, there's and this is a much more customizable and complex software that you can use. It's hard to set up but you can customize anything and they also have a ton of powerful apps and features that you can put on your site. The bad thing about WordPress is that you need to buy your own domain, you need to have your own hosting platform, and for lots of beginners, I just think that's a lot, you don't want to focus all your time on this website. So that's why I say for beginners maybe you can go to Squarespace for Wix, but if you really want to learn the web development side of things then WordPress is the right way to go. And there are a ton of extremely affordable web hosting platforms such as Bluehost and Namecheap

So you'll want to have your personal brand and you'll want to be able to find a way to turn those followers into clients. And in doing so, you're able to help them out way beyond that free content. One of the big things is to have a (call to action). Your website doesn't really have a purpose if there's no call to action and there's nothing that you're selling on your website. So make sure that your offer is, of course, really good and that it's very visible on your website. 

Do not be a focus on your website at the start. Create your other social media platforms, start growing them by making consistent content, and then you can start focusing on your own personal brand website.


I have to say that personal branding is so amazing. A personal brand will allow you to create more and more sources of income. It's literally free marketing for any future business you decide to start. And as a result, it makes your chances of success in any business you start much higher. 

My last message for you is to just take action and get out of your comfort zone. Put your head down and stay consistent, and I promise you, the results will come 

4 Proven Ways To Make Passive Income With $100

We are talking about passive income. More specifically how you can get started with $100 or less. It's one of those things that everyone wants. It's in the news, entrepreneurs talk about it all the time, and all these rich people seem to have it. It's the holy grail of income, but how do we get it? In this article, I will go over 4 ways that you can set up a passive income empire so that you can get paid without continuing to work all the time. Now in the last year, I've really been building my own passive income streams so that I can take days off but still have cash flow coming in. If you want to do the same, read this article and I will show you how?

I will say that the first part of getting passive income is actually just changing your mindset about making money. So instead of receiving money, you want to create money. And to create money that means that you're making something that generates income. So this could be like making youtube videos, this could be having blog content, this could be a cash-flowing property or stocks, all these things generate income for you. Once you create that thing that then generates income, that is how you continually make passive income and that is how you level up your income game. This mindset shift really helps a lot of people understand how passive income works. And when you think of it like this, this will help you increase your cash flow beyond your 9 to 5 job. Remember, it could be a product, it could be an asset, or an investment, there are so many different ways for you to create passive income today. 

So now let's talk about some easy ways that you can get started generating passive income. This works no matter how old you are. So I don't care if you're like 15 years old or 50 years old. Age literally doesn't mean anything when it comes to making passive income

1. Buying Dividend Stocks

This is the one thing that you can do literally right now to start generating passive income. Now you probably won't get rich by doing this, but it will give you a taste of how awesome passive income is. And then once you get your first dividends paid out, you'll be hooked and you'll have some more motivation to create other streams of passive income. So to do this, the first step is just to sign up for a stock brokerage account. You can use something like Robinhood, Webull, vanguard, or m1 finance. And once you sign up for one of those accounts, you'll be able to buy a few dividend-paying stocks

Here are some really popular dividend-paying stocks that you can buy right now. There's AT&T, Verizon, MetLife, and Abbvie, etc. 

As long as earnings don't drop a lot, these dividends will keep getting paid out and you'll make money each quarter. Also, if they grow as a company and their stock price goes up, you'll also make a profit from appreciation as well. This is one of the only ways to make passive income without a lot of hard work upfront, and that's why stocks it's the first step that you should take to building passive streams of income.

2. Creating A Digital Product

This could cost you literally nothing. It's just likely going to take up a good amount of your time. I have one word for you for this section, and that is "scalability'. With the internet, you can scale any good product with the right advertisement tools. So let's go through an example, let's say that you want to make an editing preset for photoshop, this is basically a preset edit that people can apply to their photos, and this would work perfectly if you have something like a photography blog, what I would do is I would post it there, sell it for maybe $30 per download, and this is just so powerful because it literally doesn't cost you anything for each product that sells. After all, it is just like a download

So whenever you get a sale, it's not like you have to go out there and make that product with actual materials and then ship it out to them. All you have to do is just email it to them and that doesn't cost you any money. This leaves you $30 for each sale minus transaction fees. So let's say you're left with $29, how much are you willing to pay to get a sale? Theoretically, it's up to $29, because as long as your cost to acquire a customer is under $29 then that means you are making a profit. And this also doesn't include the fact that that customer could be a future customer because once you get them to buy one time, there's a good chance that they'll buy from you again as long as your product is good and they get a ton of value from your product

If you can break even on your first purchase in this case of the photography action, let's say you pay $29 to get one customer who buys that thing and generates $29 revenue. Now, this doesn't sound good on paper because you're like, I spent $29 to make $29, that literally doesn't make me any profit. That's true in the short term, but if you continue to make more digital products you already have them on your email list and when you send it out to them there's a good chance that they might buy, and that is when you can create more revenue per customer. If you can break even on the first purchase then that is already a win. With this strategy, it leaves so much wiggle room for you to actually go out there and acquire clients. Let's say it costs $15 to get one purchase of your photography preset, which means you have a 100% return on investment. Every $1 you put in, gets in $2 of revenue, and when you have a winning ad set like that, you can scale that to the moon. There's just so much power and scalability via organic traffic and paid advertisements. 

3. Building An Audience (Organic Traffic)

Building an audience it's the best thing that you can do for passive income. It also doesn't have to cost any money. It opens up so many doors to making money in so many different ways. To build an audience, well, it's 2021 so there are so many different ways that you can do this. For example, you can start a youtube channel, you can make an Instagram and specialize in IG reels, that's what I really recommend, you can do things like TikTok, you can start a blog, you can have a podcast, there's probably like a hundred or a thousand other ways that I don't know about. However, I do know that for youtube you can start just using your phone. You don't need to invest in expensive equipment and if you have an iPhone or if you have any good like google phone, chances are the camera on that is pretty amazing and it's totally sufficient for you to start making content with

Now, if you do want to start a blog or a website, that's also extremely cheap to start. You'll pay like $10 for a domain and then maybe $3-$5 per month for hosting. I want to let you in on a little secret and this is like the funnel, how these funnel works are you start off by making short-form content on platforms like Instagram reels and TikTok, these platforms have such great discoverability and it's where hundreds of thousands or millions of people can discover your platform. You have to make really engaging and valuable information that really sticks with people and stands out. And once you do that, that's when you create " a call to action", and shoot them over to your youtube channel. Youtube is one of the best places for your personal brand to life, it's gonna last so long and it's gonna open up so many opportunities for you. So of course, like any platform, the beginning is the hardest, so getting those first initial viewers is the toughest part. However, if you properly use this funnel, you'll be able to get organic traffic from Instagram and TikTok all the way to your youtube. And that is going to give you a huge head start

Once you have that youtube channel established, that's when we can focus on AdSense so you get money from ads being played in front of your videos or during the middle of your videos. From affiliates, that's when you put affiliate links in your description and receive a small commission for every sale that you make and the king daddy is to sell a digital product through your youtube channel. It's almost impossible for anyone to build a seven-figure business with just Adsense and affiliates, but once you add a digital product into that mix, well, that becomes entirely possible. People don't realize that having a large audience is just half the battle. It's all about knowing how to make engaging content consistently, getting it pushed out by the youtube algorithm, and then knowing how to monetize in many other different ways. That makes the difference between having a channel that barely makes any money to make hundreds of thousands of dollars per year. Once you're able to build an audience, the sky is the limit

4. Affiliate Marketing 

This is also another one that you can start doing right now for free. How these method works are you make content and then you put other companies links in the description or article or whatever content it is you're making 

This link that you place it's gonna be a referral link. So it's gonna be tracked to you. When people see your content and they click that link and then buy it, you will get a small commission. You're basically acting as a sort of like salesperson. You drive traffic to the product and if they buy that product, you make a little bit of money for each sale. This is completely free to start, literally, anyone can do it and it's just really easy to set up within a few hours. However, it's not easy to be successful at it because it requires a lot of smart planning and it requires a lot of traffic. If you've mastered the traffic then affiliate income can likely bring in six figures a year pretty easily. The easiest way to become an affiliate is to just join amazon's affiliate program. This is called amazon associates, it's free to join literally anyone can join right now and it lets you start promoting any product that is listed on amazon. You do get a small commission if they click on your link and then buy it. Generally, it's going to be around 1% to 10%, and it just really depends on the category of the products. Or you can also join an affiliate network such as partnerstack which has tons of different brands on it 

So you can basically apply directly with those brands from their platform and it's just really convenient 

With this, you can make money in your sleep when people see your content and click on the relevant links. People are always going to be watching content, so you can be working on your other businesses, people will still be watching your content and you will be making money in the background.

I found that the best type of content that works well with affiliate marketing is making targeted videos with relatable affiliate links. This creates the best conversion and if you do it right, you should be able to create more income from affiliate marketing than from AdSense. It's such a powerful passive income source and it really is one that you should try and master 


So yeah, those are some of the best ways that you can make a passive income this year with not a lot of money upfront. Basically, you can take any skill and if you're creative enough, you can probably turn it into a passive income source. Likely, it's going to be turning that skill into some type of digital product and then selling it on the internet. Really though there is no limit to how much passive income you can generate, I just want you to know it's not that easy, but the sky is limitless. So if you keep trying, if you're creative about it, and you work hard, something will stick, you'll make some money out of it, another thing will stick, you'll make more money from it, and so.

How To Create Passive Income By Using The 40-40-20 Rule

We're going to be talking about how to create passive income by using the 40-40-20 rule. These are financial budgeting tools that you can use to help you manage your money and help you create passive income. The most important thing to make sure you understand about the 40/40 rule is that you create a target.

What do I mean by creating a target?

Well, if you're going to create passive income, you have to figure out what dollar amount do you need to generate in income to be able to pull yourself away from your nine-to-five job, your business, where you're basically trading time for money. Passive income is you created once and it continues to pay you an income stream whether or not you're there or not. So my reason to create passive income is based on these three things;

  • I want to have more time
  • I want to have more freedom
  • I want to have more choices

So you'll need to figure out what is your target? What is the dollar amount you'll need to make in passive income to give you those things or whatever is important to you?

Now that we've set the stage for what passive income is, and what the target amount you need to generate in passive income is, then let's go ahead now and dive into the 40-40-20 rule 


40% For Your Needs

Your needs are gonna be your basic, necessities for life. Things like housing, food, transportation, utilities. etc...

40% For Saving, Storage & Investment

What do I mean by that? Well, the 40% you're gonna start putting aside every month. Because this 40% is what is going to create that passive income for you. So every month when you get paid or every two weeks when you get paid, you're going to take 40% of that after-tax money, and you're going to put it aside into a savings account or what I call storage. And then what you're gonna do with that money is, is you're gonna look for opportunities to invest it in income-producing assets. Things like real estate investment portfolio, and a business

The goal with this 40%, over time, by investing in real estate and investment portfolio or a business, you will create enough cash flow or income generated through dividends or you're able to build a business to the point where you can sell it for a profit and then take those proceeds and invest them and be able to live off the income

I would also put a fourth one which is income streams. So I would take the real estate, my investment portfolio, a business, additional streams of income, and I would work those assets over the next 10 15 20 years. However long it takes, your timeframe may be different

20% For Your Wants 

Shopping, vacations, going out to eat, things that are not necessary or essential to your everyday life. These things you can do without. Whereas your needs, which is 40%, you need these things and they are essential to your everyday life. Like we said, food, shelter, transportation, utilities, insurance, these things are essential to everyday life. 

So 40-40-20, savings, needs, wants. And of course, the 40% for saving and investment, creates passive income. 


So that is the 40-40-20 rule. This right here is a more aggressive way of managing your money. I want to be able to aggressively save money and invest it so that I can retire early, but have more time freedom, and choices. That's what the 40-40-20 rule will give you. So I started the 40-40-20 rule 20 years ago to put myself in a position today that I would be able to leave my corporate job of 25 years and be able to go out on my own and do the things that I enjoy doing. Wouldn't it be nice to be able to pull back from whatever you're doing and be able to do anything you want to do because you created passive income? To do that, you're gonna have to get aggressive and you're gonna have to save more money. And you're gonna have to be a smart investor. 

Sunday, 4 April 2021

10 Work At Home Jobs That Will Earn You $100 Per Day

Are you looking for a side hustle on top of your current day-to-day job or simply to transition into a full-time freelancing opportunity that would allow you to work from home, and you don't know where to start and find a job that will pay enough? Well, I think this article is just for you. Read till the end for the top 10 working from home jobs that I think will pay you at least $100 per day if not more.

1. Offering Subtitle Services

And with the boom of social media, and particularly of video on social media, be that YouTube or Instagram, there is definitely a need for subtitles. And particularly if you are someone who masters a number of languages and you would be able to translate ideally from English into your native language or a language that you master proficiently and you would be able to offer subtitle services in a foreign language so that video and content producers can offer their content to a broader audience that doesn't necessarily master English, as an example, then this is a great idea for you to have an opportunity to have either a side hustle or a full-time job if this is something that you would like to do full time. 

2. Voiceover Performer

And again, if you are somebody who masters a number of languages, that is even better. But even if English is the language that you master or your mother tongue, that is a great opportunity for you to get an extra income by offering your services as a voiceover performer. Nowadays, there are so many companies offering training and tutorials, and for those that do them in graphic format and need somebody to do the voiceover, then you would be the perfect person to hire. 

3. Online Teacher Or Tutor

This is something that I have been using personally myself. This is how I have learned German over the past couple of years. I actually work with an online teacher that lives in a different country and that helps me improve my German skills. You can train people and tutor people on maths and science or languages, you can teach people from other countries your mother tongue, you can help others prepare for SATs or GMAT or any other type of examination. You name it, you can do it. There must be something that you can tutor others in. 

4. Market Research Analyst

If you're somebody who is passionate about research, about digging into the details, and uncovering interesting information and insights, then this might be the right one for you. A lot of companies nowadays require market research, understanding what's going on in their market, understanding what their competitors are doing, finding valuable research from universities or research houses that is relevant to their business. And that is where you come in. If you're somebody who is passionate about research, understanding the big picture view, and putting that into insights that are valuable for business owners to run their business, then this could be an option for you for a side hustle or for a full-time job if this is something that you would like to do full time. 

5. Videographer Or A Photographer

With the boom of social media, a lot of content creators are nowadays looking to get unique and really interesting content, or footage be that, for B rolls or for their Instagram stories. So you could offer your services to create those B rolls or that footage or those images that content creators are looking to get in order to enhance their already existing, unique content on their platforms. 

6. Virtual Assistant

And this is one of those roles that has been mentioned by Tim Ferris in his "4-Hour Workweek" when he was advising people on how to optimize their time and get more productive. It was mentioned about others. So definitely, a virtual assistant is an area that we'll see an interesting amount of growth in the upcoming years. If you're somebody who likes to help others, if you are organized and structured and you like talking to people and getting in touch and emailing, then this might be an opportunity for you.

7. Telesales Or Telemarketing

If you are someone who is passionate about people interaction, you love talking to others, and particularly if you are passionate about sales, then a career in telemarketing or telesales could be just the right one for you. 

You can either work as a telesales agent or a telemarketer on the phone for large corporations, like Apple, for example, or you could work for smaller companies that pursue their sales and their leads through phone, telemarketing, or telesales. 

8. Support Agent

On the same page as we were talking about telesales or telemarketing, if you are someone who likes to talk to people and help them, then maybe a career as a support agent, be that on the phone or via chat, could be something that you would like to consider. If you like to solve problems and help others and for this one, you don't even need to have a lot of experience because usually, companies give you a script that you are going to follow and a number of steps that you need to go through in order to identify the problem that the user has and for you to be able to help them, then this could be a great opportunity for you. 

9. Video Editor

Again, with the jump in the volume of video that is being produced nowadays for platforms like YouTube, Instagram, or Facebook, you could definitely think about a career as a video editor. You don't need to have a lot of expertise, you don't necessarily have to have any certification. You can learn quite quickly how to do that. There are a number of tools and software that would allow you to do video editing quite easily. You don't have to necessarily go out and purchase anything that is super expensive or very hard to use, but you would still be able to edit videos with limited knowledge and with software that would not break the bank. 

10. YouTube Business Manager

What that is is somebody who is the right hand of a YouTube creator and that helps them stay in touch and on top of their business, helps them answer emails, stay in contact with the companies that they work with and who they do pay partnerships with, somebody who helps maintain the YouTuber's schedule, make sure that the content is being uploaded properly, that it's being produced properly, and that the editorial calendar is followed properly. If that is something that you would be curious to do, and you're interested in YouTube and social media, then this is certainly something that you should look into. 

All right, so now you know what are 10 ideas of working from home jobs that will earn you at least $100 per day if not more.