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