How to make Passive Income: Why I make $6470/month

Passive Income Tip: Passive income are earnings you receive from things like stock dividends, royalties, real estate, joint partnerships and other investments. Unlike a salary, your passive income is not directly connected to how much you work. Initially, you may have to work hard to create a passive income source… but if done correctly, the amount of active work you'll need to do decreases over time. (

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Here's exactly how I make $6470 per month….or $215 per day…in passive income. I'll also share some great ways to make money on the side and why it's so much better to have your money working for YOU, than YOU working for money. Feel free to add me on Snapchat and Instagram: GPStephan

How I make $6470 per month:
Owning five rental properties – $4650/month
Paying down mortgages – $1600/month in equity
Index Fund VFIAX – $200/month
Ally Bank Savings Account – $20/month

Note: The rental properties aren’t 100% still requires some time accounting income and expenses… but seriously, I have everyone on staff to handle things as they come up. Maybe one hour of work per month, sometimes two.

I essentially keep my spending at the level I make from the rental properties so that everything else I earn from real estate can be re-invested to make more money. That way I can ramp up my investments and keep the portfolio growing.

Some other great ways of earning passive income include:

Investing in Real Estate – Rental Properties

Investing in the stock market – I'm a fan of Vanguard Index Funds

Owning intellectual property such as ebooks, websites, online marketing…and maybe even YouTube 😉

Amazon FBA, Affiliate Marketing, Drop Shipping can be good choices.

Through semi-absentee owned businesses such as Laundromats, Self Storage Centers, Car Washes, etc.

Owning your own business and hiring out people to manage the day-to-day operations

Peer to Peer lending –,, etc.

If you’ve actually read this far, I hope you appreciate the transparency – I’m doing these videos as an example of what’s possible and to plant the seed why passive income and investing is absolutely important.

Thanks again for watching! Feel free to comment below, let me know your thoughts, questions, anything…

For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at

Suggested reading:
The Millionaire Real Estate Agent:
Your money or your life:
The Millionaire Real Estate Investor:
How to Win Friends and Influence People:
Think and grow rich:
Awaken the giant within:
The Book on Rental Property Investing:

Favorite Credit Cards:
Chase Sapphire Reserve –
American Express Platinum –

  • Greenberg, P. (2001). CRM at the speed of light: Capturing and keeping customers in Internet real time. Elsevier. [Google Scholar]
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