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12 Simple Ideas To Earn Passive Income – Ali Abdaal | Modern Wisdom Podcast 393

Passive Income Tip: Passive income is defined as income that requires minimal effort or perhaps even zero effort to earn. Passive income typically enables your money to work for you. It's a “work smarter, not harder” situation. We can compare it against active income, where your effort is 100% correlated to your income. (yourmoneygeek.com)

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Ali Abdaal is a Doctor and a YouTuber.

Money makes the world go round. After the last 12 months, everyone should have realised that relying on a single source of income is not a very antifragile way to construct a financial set up. Creating multiple revenue streams is a great way to de-risk yourself, and today we get to find out 12 of Ali's favourites.

Expect to learn why the S&P500 almost always beats expert hedge fund managers, how Ali makes his money on YouTube, why Coinbase is great for crypto investing, the easiest way to create an online course, why houses are still a great investment idea, how to automate a business, the best and worst ways to make affiliate marketing money and much more…

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Get 5 days unlimited access to Shortform for free at https://www.shortform.com/modernwisdom (discount automatically applied)

Extra Stuff:
Follow Ali on YouTube – https://www.youtube.com/user/Sepharoth64
Check out Ali's website – https://aliabdaal.com/
Get my free Reading List of 100 books to read before you die → https://chriswillx.com/books/
To support me on Patreon (thank you): https://www.patreon.com/modernwisdom

#finance #money #passiveincome

00:00 Intro
01:09 Why Bother with Passive Income?
06:51 Stocks & Shares for Beginners
14:22 Investing in Real Estate
24:13 Making Money from Digital Products
30:04 Creating Profitable Online Courses
40:33 Becoming an Affiliate Marketer
50:17 Offering Value on Membership Sites
54:12 How to Automate Your Business
58:34 Conclusion on Passive Incomes
1:01:59 Where to Find Ali

Join the Modern Wisdom Community on Locals – https://modernwisdom.locals.com/

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