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Passive Income

Learn to be passive.

By Cameron McConnachiePublished 6 years ago 3 min read
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A lot of people have different ideas of what it means to make passive income. I am going to focus on a few different ways to possibly make a lot of money! It sounds great. However, in order to succeed you are going to need to put in hard work and possibly a little bit of funding. Let's start by looking at industries that generate money.

Real Estate

Obviously, this takes a lot of work to accomplish. However, getting good at Real Estate can provide more than enough income to live on. It becomes passive when you know someone who wants to relocate. Having the proper certification with a little studying can bring in 20 thousand dollar paychecks just because you took the time to get a Real Estate license.

Shopify

I love the idea of Shopify. However, there are some very complicated things you must consider before learning to drop ship products. One thing would be the ability to market a product on sites like Facebook and Instagram. Learning how to put a product online presents itself to the consumer. Without some investment, it's going to be hard to succeed in a world full of competition. Some people make as much as $500,000 because they work every day at trying to grow their company. Reading trends and working with sites such as Amazon are good things to learn when starting an online company.

Robin Hood

This is a free app worthy of a hard high five! Robin Hood is a free stock market app that can increase your funding without doing a lot of research. If you have money. think of your favourite company. My personal favourite is Amazon. However, companies such as Facebook and Tesla are cheaper with proven growth. My best friend loves to buy stocks in low valued pharmaceutical companies on the verge of releasing a product. I recommend Stocktwits for following and finding new stocks about to release financial revenues. Another good site free of use for finding the information helpful for Robin Hood is Finviz. Lots of additional help can be found on YouTube. However, I have confidence in you.

Writing a Book

You know, this is a very hard accomplishment for anybody. Who sits down and says "I am going to write a book today that people will love"? This mindset, however, is the key to achieving a goal. How you make money once you sit down and write this amazing book—we should give a title for it! I am thinking you should call your new best selling novel "Almost Successful" or "Magic for the Passive!" Whatever you decide, the goal is to market your book on Amazon Publishing. You can publish a book for free thanks to technology! If you set a time frame on when you want the book to be released then try and presell some impressive copies to friends and family members. You can actually get your book on some of the different bestseller lists for the day. In the end, it is a game of advertising and amazing graphics that attract ADHD college students who love creative book covers!

Save finances.

This last one is not a passive income lifestyle, but rather just good advice. Learn to save money and spend it on only things you absolutely need for that day! Learning how to save money and stop buying everything full price is the key to having money. Work hard and think of money as the time you put in to get it. Next time you eat the meal realize that was 1.6 hours of helping angry customers or stocking shelves in the back of the natural grocery store. I believe in you like Jimmy Fallon believes his guest has a funny, somewhat interesting story to tell the audience. You have the power to learn and grow wealth. Thanks for reading and stay awesome!

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