Passive Income
What is passive income?
Difference between active and passive income
Passive income is not trading your time for money
Sources
in order of occurrence:
Chen, J. (2023). Passive Income: What It Is, 3 Main Categories, and Examples. Investopedia. Abgerufen von https://www.investopedia.com/terms/p/passiveincome.asp
Butt, Z. (2022, 12. März). Active Income vs Passive Income - Zami Butt - Medium. Medium. Abgerufen von https://zamibutt.medium.com
Instagram. (2022, 8. August). Abgerufen von https://www.instagram.com/p/Cg_dU07uj7U/?igshid=MDJmNzVkMjY%3D
What can I do to earn passive income?
Investment into stocks
Dividend stocks are always a good option
Dividend yield are important, but dividend growth rate is even more important
Some additional YouTube videos for more impressions and helpful hints
Sources
in order of occurrence:
TEDx Talks. (2016a, August 23). Design Your Dream Life Through Passive Income | Alex Szepietowski | TEDxUniversityofYork [Video-Datei]. Abgerufen von https://www.youtube.com/watch?v=fDCAPOTnBIo
TEDx Talks. (2016b, Dezember 21). The 7R Theory of Creating Wealth! | Dhaval Bathia | TEDxSIUKirkee[Video-Datei]. Abgerufen von https://www.youtube.com/watch?v=E8xFo5lZGDA
TEDx Talks. (2021, 5. Mai). Create a Passive Income with Your Passion | Raquel Sharper | TEDxTenayaPaseo [Video-Datei]. Abgerufen von https://www.youtube.com/watch?v=IjI-qIgEAY4
TEDx Talks. (2018, 2. Juli). It Doesn’t Take Money To Make Money | Brandon Leibel | TEDxSDSU [Video-Datei]. Abgerufen von https://www.youtube.com/watch?v=_K4TjS9u1t4
TEDx Talks. (2020, 29. Juli). How I went from zero to 28 year old property millionaire | Dan Buchan | TEDxUniversityofYork [Video-Datei]. Abgerufen von https://www.youtube.com/watch?v=wtGYQDc9_1s
TEDx Talks. (2016a, Juli 21). Why the Rich are Getting Richer | Robert Kiyosaki | TEDxUCSD [Video-Datei]. Abgerufen von https://www.youtube.com/watch?v=abMQhaMdQu0
FREENVESTING. (2021, 24. Dezember). Warren Buffett: You Only Need To Know These 7 Rules [Video-Datei]. Abgerufen von https://www.youtube.com/watch?v=63oF8BOMMB8
Be Awakened. (2022, 31. März). Best Way To Generate Passive Income | Robert Kiyosaki [Video-Datei]. Abgerufen von https://www.youtube.com/watch?v=rYYB6950mXM
Don’t over estimate the return you can make with direct real estate investment
The study “An investment decision: Expected and earned yields for passive income real estate investors” found differences
But with investments into REITs (Real-Estate-Investment-Trusts) or property stocks an outperformance of the broader stock market is possible. The only thing at property stocks you have to deal with is the higher volatility.
Sources
in order of occurrence:
Rattanaprichavej, N. & Teeramungcalanon, M. (2020). An investment decision: Expected and earned yields for passive income real estate investors. Cogent Business & Management, 7(1), 1786331. https://doi.org/10.1080/23311975.2020.1786331
REIT Average & Historical Returns Vs. U.S. Stocks. (o. D.). Abgerufen von https://www.reit.com/news/blog/market-commentary/reit-average--historical-returns-vs-us-stocks
Fairvalue Magazin. (2022, 27. Juli). Immobilienaktien - Wohnungsfirmen sind die Krisengewinner | FAIRVALUE. Abgerufen von https://fairvalue-magazin.de/aktien/immobilienaktien/
What innovative approaches are there?
First of all:
Some (old) ideas:
- Advertise on your car/bike
- Rent out useful household items you don’t need at the moment
- Do a blog —> put some advertise on it/ sell your online course
- Flip retail products (have the products physically in your space)
- Affiliate Marketing (you never see your products physically)
- Create a digital product
- create a YouTube channel and put ads on your channel
Sources
https://twitter.com/dickiebush/status/1366931132701409289?s=20
Ali Abdaal. (2020, 19. Mai). How To Make Money Online - The 3 Levels [Video-Datei]. Abgerufen von https://www.youtube.com/watch?v=TH0nNn6SmXw
To sum it up:
set the right spots in your life:
and as Elon Musk is saying, look for the next money you can make, instead of looking where you can save the same amount
Sources
in order of occurrence:
Thefireducky. (o. D.). Reddit - Dive into anything. Abgerufen von https://www.reddit.com/r/wowthanksimcured/comments/o7yraj/1_may_be_2_grammar_classes_will_help_out_as_well/
Instagram. (2023, 30. Juni). Abgerufen von https://www.instagram.com/p/CuKLuQltkUR/