Passive Income Tip:
In a word, passive income (sometimes known as "residual income") is cash that you earn after making an upfront financial or " sweat equity " investment, then you sit back and watch the money roll in. Good examples of passive income include: (thestreet.com)
Making money while you sleep is a life-changing experience, but which passive income streams should you focus on? Here are my top 5 passive business ideas. 💻 [FREE]: TAKE THE ONLINE BUSINESS QUIZ 👇 https://projectlifemastery.com/quiz/?utm_medium=social&utm_source=youtube&utm_campaign=quiz-promo&utm_term=5-passive-income-business-ideas-for-2021&utm_content=lc-youtube-description
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FREE Amazon FBA Training ► https://www.projectlifemastery.com/fba?utm_medium=social&utm_source=youtube&utm_campaign=fba-page-promo&utm_term=5-passive-income-business-ideas-for-2021&utm_content=lc-youtube-description
Affiliate Marketing Mastery ► https://www.affiliatemarketingmastery.com?utm_medium=social&utm_source=youtube&utm_campaign=affiliate-marketing-mastery-promo&utm_term=5-passive-income-business-ideas-for-2021&utm_content=lc-youtube-description
Amazon Book Publishing ► http://masteringbookpublishing.com/free?utm_medium=social&utm_source=youtube&utm_campaign=mastering-book-publishing-promo&utm_term=5-passive-income-business-ideas-for-2021&utm_content=lc-youtube-description
📖 CHAPTERS 📖
00:56 The passive income myth
03:24 Selling on Amazon
07:53 Selling on Shopify
09:20 Creating a course
11:51 Affiliate marketing
14:25 Creating content on YouTube
🤔 ABOUT THIS VIDEO 👇
I believe everyone should pursue some type of passive income business. When you can cover your expenses with a passive income stream it's a game-changer for your life. If you don't earn money while you sleep, you'll spend the rest of your life working!
I'll also dispel the myth that once you've built a passive income stream, that it will continue to generate the same income for a long period of time. That isn't the case. You still need to nurture and grow your passive income streams or they will slowly drop off.
Let me know in the comments below which passive income business ideas you like the most and are working on!
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🤔 ABOUT PROJECT LIFE MASTERY 😃
Stefan James from Project Life Mastery reveals his very best strategies to mastering and living life fully; everything from how to be motivated, his secrets to success, how to make money online, making passive income online, how to change your beliefs and mindset, being healthy and physically fit, being happy and productive, life management, cultivating relationships, spirituality, and much more!
The Project Life Mastery YouTube channel contains Stefan's best strategies and principles that has now helped millions of people around the world. This YouTube channel is designed to help you make continual progress in each area of your life, so that you can have lasting growth and fulfillment.
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