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Passive Income: How I Make $30,000 A Month (5 Ways)

Published on: December 2 2022 by Sara Finance

Passive Income: How I Make $30,000 A Month (5 Ways)

Passive Income: How I Make $30,000 A Month (5 Ways)

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00:00:00 00:00:04 last month I made over thirty thousand
00:00:02 00:00:06 dollars in passive income and to put a
00:00:04 00:00:08 long story short I put the hours in
00:00:06 00:00:10 every single day and I was slightly
00:00:08 00:00:12 obsessive but if you want to know
00:00:10 00:00:14 exactly how I made this happen keep on
00:00:12 00:00:17 watching because I'm gonna be revealing
00:00:14 00:00:17 everything
00:00:17 00:00:22 so first I think it's important that I
00:00:19 00:00:23 give a little bit of context on why I
00:00:22 00:00:25 even want to make passive income in the
00:00:23 00:00:28 first place and why I cared about money
00:00:25 00:00:30 at such young age so growing up I always
00:00:28 00:00:31 thought you had to work until the day
00:00:30 00:00:33 you died and I remember toking to my
00:00:31 00:00:35 mom about this and I was telling her
00:00:33 00:00:37 okay so I have to go to school for 20
00:00:35 00:00:39 years of my life and then after I
00:00:37 00:00:41 basically have to work for 40 years but
00:00:39 00:00:42 when do I actually get to do what I want
00:00:41 00:00:44 to do with my life and she proceeded to
00:00:42 00:00:46 tell me that that's just normal and
00:00:44 00:00:47 that's the way life is and there really
00:00:46 00:00:49 is nothing that I can do and honestly
00:00:47 00:00:51 this was really sad to me because
00:00:49 00:00:52 thinking about it I did not want to work
00:00:51 00:00:54 forever and I don't know about you guys
00:00:52 00:00:55 but I have some days where I just want
00:00:54 00:00:57 to chill you know play some Minecraft
00:00:55 00:00:59 all day without having to feel guilty or
00:00:57 00:01:01 have to worry about anything but
00:00:59 00:01:03 honestly that's really hard to do when
00:01:01 00:01:05 you live paycheck to paycheck and have
00:01:03 00:01:07 bills to worry about like most people do
00:01:05 00:01:09 I wanted complete freedom of my life I
00:01:07 00:01:11 want to do whatever I wanted whenever I
00:01:09 00:01:12 wanted and I also want to be able to
00:01:11 00:01:14 travel without having to worry about my
00:01:12 00:01:16 bank account balance the last thing I
00:01:14 00:01:18 wanted on my mind was to be stressed out
00:01:16 00:01:20 about money or have to look at the price
00:01:18 00:01:22 tag every time I want to buy something
00:01:20 00:01:24 and of course I am still very young and
00:01:22 00:01:25 I'm still figuring things out but I am
00:01:24 00:01:27 kind of happy because I did crack the
00:01:25 00:01:29 code and I have figured out how to make
00:01:27 00:01:32 passive income online that way I don't
00:01:29 00:01:33 have to work until I retire and one of
00:01:32 00:01:36 my biggest goals is that by the time I'm
00:01:33 00:01:38 30 years old I really hope that I can
00:01:36 00:01:40 make enough passive income that way all
00:01:38 00:01:41 my expenses can be covered I can
00:01:40 00:01:43 basically kind of retire and just do
00:01:41 00:01:45 whatever I want but anyways now that we
00:01:43 00:01:47 got that out of the way I do want to
00:01:45 00:01:49 share with you guys my five streams of
00:01:47 00:01:50 passive income that make me over thirty
00:01:49 00:01:52 thousand dollars every single month so
00:01:50 00:01:54 my first passive income stream that
00:01:52 00:01:57 makes me around 800 every single month
00:01:54 00:01:59 is from dividends and for anyone
00:01:57 00:02:01 wondering a dividend is a payment that
00:01:59 00:02:03 you get for investing into certain
00:02:01 00:02:05 stoks so for example if you were to
00:02:03 00:02:07 invest one hundred thousand dollars in a
00:02:05 00:02:09 stok that pays a five percent dividend
00:02:07 00:02:12 that means that every single year you're
00:02:09 00:02:13 gonna get paid five thousand dollars and
00:02:12 00:02:15 you aren't doing anything to make this
00:02:13 00:02:17 money so it's basically passive income
00:02:15 00:02:19 and the main reason I started investing
00:02:17 00:02:21 in dividend socks is because it's super
00:02:19 00:02:23 simple and I can also retire off of them
00:02:21 00:02:25 and my goal currently is to continue
00:02:23 00:02:27 putting money in dividend stoks that
00:02:25 00:02:28 way eventually I can have over two
00:02:27 00:02:30 thousand dollars a month just from
00:02:28 00:02:32 dividends and that can be enough to
00:02:30 00:02:34 cover my lifestyle and as crazy as it
00:02:32 00:02:37 sounds I could most likely live off of
00:02:34 00:02:38 800 a month if I really wanted to I'd
00:02:37 00:02:41 probably just have to live in a cheaper
00:02:38 00:02:43 country or live in some island in the
00:02:41 00:02:45 Caribbean like Dominican Republic and if
00:02:43 00:02:49 you're curious on which dividend stoks
00:02:45 00:02:51 I have I have TD Bank Coca-Cola and
00:02:49 00:02:53 Johnson and Johnson these all pay a
00:02:51 00:02:55 really good dividend and I have a lot of
00:02:53 00:02:56 my money in them which is why I make
00:02:55 00:02:58 quite a bit of money from dividends now
00:02:56 00:03:01 moving on my next stream of passive
00:02:58 00:03:02 income is YouTube now I do think this is
00:03:01 00:03:04 more of like a semi-passive income
00:03:02 00:03:05 stream which is why I didn't add the
00:03:04 00:03:07 total amount of money from this to the
00:03:05 00:03:09 total amount of money I make every month
00:03:07 00:03:11 but let me explain why I think it's kind
00:03:09 00:03:12 of like a semi-passive income Stream So
00:03:11 00:03:15 if you look at my channel you'll see
00:03:12 00:03:16 that I have in total 15 videos but if
00:03:15 00:03:17 you look at a video I made it five
00:03:16 00:03:19 months ago you can see that I'm still
00:03:17 00:03:21 making money from it even though that
00:03:19 00:03:22 was actually a while ago I also thought
00:03:21 00:03:24 it'd be cool to show you guys exactly
00:03:22 00:03:26 how much YouTube paid me the last 28
00:03:24 00:03:27 days and I have not actually posted a
00:03:26 00:03:30 video in the last 28 days my last video
00:03:27 00:03:31 posted I think was about one and a half
00:03:30 00:03:33 months ago so I'm still getting paid by
00:03:31 00:03:35 YouTube as you can see that's what I'm
00:03:33 00:03:37 toking about so I literally have made a
00:03:35 00:03:39 video for a month but YouTube still pays
00:03:37 00:03:43 me so some days I've made up to like 900
00:03:39 00:03:44 even like 1 200 and now since I've been
00:03:43 00:03:45 posted for a while it's starting to go
00:03:44 00:03:48 down and it's saying that I'm making
00:03:45 00:03:49 about like 600 a day which honestly is
00:03:48 00:03:51 not too bad but still I find it's crazy
00:03:49 00:03:53 because I haven't posted a video for a
00:03:51 00:03:54 month and I still made twenty four
00:03:53 00:03:56 thousand dollars so imagine if I was
00:03:54 00:03:58 posting videos regularly like every week
00:03:56 00:04:00 or maybe like two videos a week so
00:03:58 00:04:02 people who make YouTube videos about
00:04:00 00:04:03 Finance content definitely make a lot of
00:04:02 00:04:05 money and I definitely need to you know
00:04:03 00:04:06 step up my game and start posting more
00:04:05 00:04:08 so YouTube is honestly a great way to
00:04:06 00:04:09 make money and if you ever want to start
00:04:08 00:04:11 a YouTube channel or maybe you have a
00:04:09 00:04:13 passion for it I highly recommend you
00:04:11 00:04:14 start a channel now my next stream of
00:04:13 00:04:17 passive income which is by far my
00:04:14 00:04:18 favorite is my automated Drop Shipping
00:04:17 00:04:20 business and and if you've watched my
00:04:18 00:04:22 other videos you know I do this for a
00:04:20 00:04:24 living and it's basically what allowed
00:04:22 00:04:25 me to quit my job and do this full time
00:04:24 00:04:27 and last month my dropshipping business
00:04:25 00:04:29 made over fifty thousand dollars in
00:04:27 00:04:31 sales which comes to around eighteen
00:04:29 00:04:32 thousand dollars in profit and for those
00:04:31 00:04:34 of you who don't know how Drop Shipping
00:04:32 00:04:36 works it's basically where you create
00:04:34 00:04:39 your online store using the Shopify app
00:04:36 00:04:41 you add products from AliExpress on your
00:04:39 00:04:43 store except you mark up the price
00:04:41 00:04:45 drastikally because items in AliExpress
00:04:43 00:04:47 are very cheap then when a customer buys
00:04:45 00:04:49 a product from your store you basically
00:04:47 00:04:52 send out the product from AliExpress
00:04:49 00:04:54 directly to your customer and you get to
00:04:52 00:04:56 keep the profit and I currently have two
00:04:54 00:04:57 Drop Shipping businesses one that's
00:04:56 00:04:59 passive income and one that isn't
00:04:57 00:05:01 passive income that I have to work on
00:04:59 00:05:02 every single day now the reason one of
00:05:01 00:05:04 them is passive income is because I've
00:05:02 00:05:06 been working on it for longer than a
00:05:04 00:05:08 year and I basically established its
00:05:06 00:05:09 brand on all social media platforms and
00:05:08 00:05:11 now because a lot of it is done and I
00:05:09 00:05:13 have repeat customers and like I said I
00:05:11 00:05:15 kind of have a brand established I was
00:05:13 00:05:17 actually able to hire two people that
00:05:15 00:05:19 now just run my business full-time they
00:05:17 00:05:20 create all the content and they
00:05:19 00:05:22 basically do everything else for the
00:05:20 00:05:24 business so I literally do not have to
00:05:22 00:05:25 do anything so this was literally a
00:05:24 00:05:28 blessing because I created a business
00:05:25 00:05:30 that now works for me while I sleep and
00:05:28 00:05:31 it makes me quite a bit of money and so
00:05:30 00:05:33 this was really rewarding and I'm so
00:05:31 00:05:35 glad that I did it and so now my goal is
00:05:33 00:05:37 to continue to build these dropshipping
00:05:35 00:05:39 businesses but what I'm actually going
00:05:37 00:05:40 to do after a year that they're built
00:05:39 00:05:42 and they're established I'm gonna go
00:05:40 00:05:44 ahead and automate them and hire people
00:05:42 00:05:45 to do all the work for me that way it's
00:05:44 00:05:47 going to be another income stream for me
00:05:45 00:05:49 and it's passive and this is why passive
00:05:47 00:05:51 income is so important to me because it
00:05:49 00:05:52 gives you complete freedom and now I
00:05:51 00:05:53 don't really have to worry about the
00:05:52 00:05:55 price tag whenever I want to buy
00:05:53 00:05:57 something so I am very grateful that I
00:05:55 00:05:59 started Drop Shipping three years ago
00:05:57 00:06:01 because it definitely did change my life
00:05:59 00:06:02 and for anyone that is watching this and
00:06:01 00:06:05 wants to learn my exact step-by-step
00:06:02 00:06:07 process to building multiple six-figure
00:06:05 00:06:08 dropshipping businesses today I recently
00:06:07 00:06:10 came out with the Drop Shipping course
00:06:08 00:06:12 that teaches my exact strategy and so if
00:06:10 00:06:14 you're interested in that I have the
00:06:12 00:06:15 link in the description now moving on to
00:06:14 00:06:17 my next passive income stream which is
00:06:15 00:06:19 affiliate marketing now this is
00:06:17 00:06:21 basically where you advertise a product
00:06:19 00:06:23 that isn't yours and basically whenever
00:06:21 00:06:25 someone clicks on the link and purchases
00:06:23 00:06:27 the product or they sign up with your
00:06:25 00:06:29 link you're gonna get a small commission
00:06:27 00:06:31 for example in the description of the
00:06:29 00:06:33 video I have a link where you can sign
00:06:31 00:06:34 up and you can get a free stok and so
00:06:33 00:06:37 when you sign up and get that stok I
00:06:34 00:06:39 also get a small commission and I make
00:06:37 00:06:40 about ten thousand dollars every single
00:06:39 00:06:42 month from the 11 companies that I'm
00:06:40 00:06:43 working with I'm just gonna go ahead and
00:06:42 00:06:44 show you one of the companies that I'm
00:06:43 00:06:46 working with and show you how much
00:06:44 00:06:47 they've paid me so far so as you can see
00:06:46 00:06:49 here with this company I've been working
00:06:47 00:06:51 with them for about seven months now and
00:06:49 00:06:53 so far I've made about eleven thousand
00:06:51 00:06:55 dollars now obviously I make money from
00:06:53 00:06:57 affiliate marketing by putting links in
00:06:55 00:06:59 my tiktok bio and in my YouTube video
00:06:57 00:07:00 descriptions now if you're watching this
00:06:59 00:07:02 and you don't have a tiktok account
00:07:00 00:07:04 or a YouTube channel that's okay because
00:07:02 00:07:06 you can promote these on basically your
00:07:04 00:07:08 personal social medias or you can even
00:07:06 00:07:10 put them in Reddit threads or just
00:07:08 00:07:12 YouTube channel comment sections and
00:07:10 00:07:14 stuff like that and some people even pay
00:07:12 00:07:16 for Facebook ads or Google ads to
00:07:14 00:07:18 promote the product so for example if I
00:07:16 00:07:20 search up Robinhood free stok in Google
00:07:18 00:07:22 this link here comes up and basically
00:07:20 00:07:23 that link is actually someone else's and
00:07:22 00:07:25 what they've done is they probably paid
00:07:23 00:07:27 for Google ads for it to show up at the
00:07:25 00:07:29 top so if I search that up and I click
00:07:27 00:07:30 on this link I'm gonna get a free stok
00:07:29 00:07:32 and they're also going to get a small
00:07:30 00:07:34 commission and if you actually did want
00:07:32 00:07:35 to start affiliate marketing you can you
00:07:34 00:07:38 just have to head over to clickbank.com
00:07:35 00:07:39 create an account and it is free and
00:07:38 00:07:41 from there you can basically choose
00:07:39 00:07:42 which product you want to promote so
00:07:41 00:07:45 yeah it's pretty simple and anyone can
00:07:42 00:07:47 start it now my next stream of passive
00:07:45 00:07:49 income which is coming soon is renting
00:07:47 00:07:51 out an old car on turo so I have not yet
00:07:49 00:07:53 started renting out the car on turo but
00:07:51 00:07:55 I am going to do it really soon and
00:07:53 00:07:57 honestly I think this is a great side
00:07:55 00:07:59 hustle to make some extra passive income
00:07:57 00:08:00 there's so many cars on turo and there's
00:07:59 00:08:02 so many people out there making money
00:08:00 00:08:03 from renting out their car and honestly
00:08:02 00:08:06 I think I could make anywhere from like
00:08:03 00:08:08 200 to 300 a month from doing this but I
00:08:06 00:08:10 will be sure to update you guys in my
00:08:08 00:08:11 next video to see if this actually works
00:08:10 00:08:13 and if I actually make money from doing
00:08:11 00:08:15 this and if you want to learn more about
00:08:13 00:08:16 how I started my businesses and other
00:08:15 00:08:19 side hustles that make me money online
00:08:16 00:08:20 I'm gonna have a video linked here but
00:08:19 00:08:22 anyways that's all for this video I hope
00:08:20 00:08:23 you guys enjoyed it and I hope you
00:08:22 00:08:27 learned something from it and I'll see
00:08:23 00:08:27 you guys in my next video