This blog is about how to make money online and I write about things that I have done in the past that didn’t work and talk you about so you can avoid my mistakes and save you more time. I have learned a lot of things about making money online that I want other people to do it. Starting a blog is a very good idea, you can build to into an asset that can make you money while you sleep. It’s a cheap asset, something that is passive but you do have to spend some time to keep the blog running. The blog is not going to update itself so you have to do it. You can hire writers for your blog, but you will have to stay on top of it. So blogging is just one asset you can start today, produce good and helpful content for your readers and of you click here to get bluehost, you can get your hosting at a good price, ( like 3 or 4 bucks per month) and set up your blog. But I know some people don’t like writing or blogging so what else can I invest in as an asset today.
Dividend paying stocks:
I have been buying a lot of stocks that pay dividends. Dividends are payments to shareholders for investing into their business. Some people don’t know much about the stock market or what to buy for stocks. Stocks are assets that can make you money just for owning the stocks. It’s super passive and more passive than running a blog. You do have to look up the business and all the things that have going on but you can do that from your phone, get off of Facebook. I am not an expert on stocks so please do your homework and your own research before buying any stock, ETF or fund. If you don’t know what to buy, check out a EFT or a fund. Both are pretty much the same thing and it’s a bit safer that a single stock.
So an EFT or fund is like a variety pack of oatmeal. In a variety pack of oatmeal, you get the maple and brown, apples and cinnamon and cinnamon and spice in one box and you pay one price so now you have more different flavors which if you don’t like the maple brown sugar, you still have the other two. Well a EFT and fund works the same way, you buy one ETF or fund and inside is 20 or 30 stocks inside one fund. This is a safer investment and that pay good dividends as well. Right now I am making $40 per month with dividend paying stocks and I will continue to get this money every single month. My goal is to $500 bucks per month from stocks. These are assets that makes me money per month. If you combine this with starting a blog, well now you have 2 income streams which both does not need a lot of time on your part to build and you can build these today. If you want to start buying stocks, I use robinhood and you can click here to start.
Start a YouTube channel:
Starting a YouTube channel is free, only takes time and you can start today with your smart phone. Making videos are fun and a passive way to make money. some people think that YouTube is not passive, it is. The fact that I have videos from 3 years ago and still getting views and ad money is passive to me. Once you 1000 subs and 4000 hours of watch time in the past 12 months, you can be a YouTube partner and run ads on your videos. This will take time but of you start now procuring good videos, it won’t take long. Start doing reviews on things you know about, things that you have in your home that you can sell. Right now I make about $130 per month from YouTube ads. It’s not a lot of money but with my full time job, with my dividend paying stocks, and YouTube, I have 3 sources of income coming in per month. All I have to do is to put in more work to build them up.
I have already talked about blogging and how it can be a great asset with your stocks and YouTube channel. So really that is 3 assets you can start today. With those 3 assets and your full time job, that is very powerful. But what else can we do to make more money.
Start a business:
Start a service business or any type of business that is offline if you can. Staring a blog and YouTube channel is an online business but those take time to grow. If you work a full time job, starting a business on the side is a good idea. You can use your full time job to fund your side business and having your own business leaves you with more time choices. Instead of getting up, getting dressed, drive to work, get off at 5 at night, watching tv and then go to bed and do the same thing all over again. With your own business, you can as much money as you want, work the hours you want, you will be the boss and there is a lot of tax breaks you can get as well. The reason I say start one is because the online business like blogging and YouTube don’t take a lot of time to run or produce content but it takes time to build up to a good level of traffic. You can start your business on the side, on your days off, you can start small. Having a service business is not passive income but you can make money per hour and make more money than your job.
It’s all about having different income streams and having a lot of them. If one takes a hit or you lose your job which can happen to anyone, you have other things making you money. just think if you had stocks making money, an blog making money, an YouTube channel making money, and your side hustle making some money with your full time job. That is 5 streams of income and the best part is that you can do all five. When you side hustle makes more than your job, you can leave that job if you want to.
