Exploring Passive Income Ideas for 2020 & 2021: YouTube, Online Courses, Rentals, & More
Unlock the secrets to generating passive income in 2020 and 2021 with Marina, a self-made entrepreneur who shares her personal experiences and strategies for creating wealth through YouTube, online courses, rental income, storage space rentals, savings accounts, car advertising, and investing.
- 1. The video is about passive income ideas for 2020-2021, sponsored by The Great Courses Plus.
- 2. Passive income is not entirely passive, as it requires work upfront and maintenance to ensure quality.
- 3. A great example of a passive income idea is starting a YouTube blog, which generates income through ads on videos.
- 4. Marina receives passive income from YouTube, but continues producing content for long-term revenue.
- 5. Platforms like YouTube and Medium offer opportunities to earn passive income by creating content.
- 6. Another passive income idea is having rental income, which can be achieved through co-investing in real estate companies or buying properties yourself.
- 7. Setting up an online course is another way to generate passive income, relying on algorithms to promote the course and generate sales.
- 8. Renting out storage space is a passive income idea, as one in eleven Americans pay for storage.
- 9. Savings accounts can offer sign-up bonuses and higher interest rates with online banks.
- 10. Advertising on your car is another way to earn passive income, by wrapping your car with ads and driving around.
- 11. Marina's personal goal is to invest $2.5 million in the next five years for passive income.
- 12. Investing in a diversified portfolio, including bonds and international stocks, can provide stability during volatile times.
- 13. A low-cost index fund like Vanguard is recommended for long-term growth.
- 14. Marina suggests investing spare money every month, but recommends having an emergency savings fund first.
- 15. The information provided is not investment advice, but rather what Marina personally does and suggests.
- 16. Starting a YouTube channel can be a source of passive income, as Marina offers a free webinar for those interested.
- 17. The Great Courses Plus is an educational platform that offers courses on various topics, including financial literacy.
- 18. Financial literacy is important for growing multiple sources of income.
- 19. The Great Courses Plus offers a free trial through Marina's channel link.
- 20. Local agencies can help with advertising on your car for passive income.
- 21. Checking different online banks for sign-up bonuses and higher interest rates is recommended.
- 22. Moving money between banks to take advantage of sign-up bonuses can earn extra cash.
- 23. Marina collected $700 in bonuses this summer through moving money between banks.
- 24. Passive income requires work upfront, but can provide financial freedom and stability over time.
Source: Silicon Valley Girl via YouTube
❓ What do you think? What is one passive income idea from this video that resonates with you, and how do you plan to implement it in your life? Feel free to share your thoughts in the comments!