Badass Passive Income Ideas That Your Teacher Won't Tell You - Multiple Income Streams (Both Online And Offline) That Will Help You Achieve Financial Freedom And Money Goals

By Anson Yau

The greatest passive income book is here.

If you are looking for ways to make your money work hard for you instead of you working hard, then this book will teach you all the methods to use to make passive income.

Everyone wants to get that freedom to plan their day according to what they like doing, as opposed to planning your day based on where you need to be in order to receive your paycheck.

Or it could be that you have already taken a few relevant steps in that direction and now you want to consolidate the knowledge you have amassed and picked up a few more ideas. Whatever your starting point, by the time you complete reading this book, you will have a deeper understanding of the various passive income streams you can turn into a side hustle. You will learn a ton of passive income ideas that you can start to implement right away.

While you will learn all the ideas that starting different passive income streams it entails, I must let you know in advance that you will not be exempt from investing your time and energy. You need to know from the start that some initial effort and time has to be invested in the starting phase of any passive income business you decide to participate in.

However, the fruits of your labor will start to be seen in the years to come when your main work will be to monitor your passive income streams.

The current world has become a bit difficult to live in. One of the reasons is that our needs have doubled, and yet we cannot afford them because we don't have the money to purchase them. Well, when we open and run a passive income stream, we can be sure to generate some of the money to meet our needs.

If you have always wanted to set your own passive income stream, then keep reading.

If you want to say goodbye to your 9-5 job and do something that you are passionate about, then this book is right for you. If you don't want to make someone else rich, then this book has all the ideas and strategies to kick start your journey.

When you learn how to make passive income, there is no limit to the amount of money you can make.

With the help of this book, you will finally discover the best passive income strategies that you can start immediately to ensure that you achieve financial freedom. And this will let you take charge of your life. Whether it is that free time you want to spend or that you want to enjoy the beauty of not working for anyone, this book has everything you need to know.

Here's just a fraction of what you will learn:

• How to make money advertising on your car
• How to build a CD ladder
• How to build a network ladder
• How to make money building a forum
• How to make money publishing a book
• How to make money narrating with royalty share on ACX
• And many more…

• Language: English
• Publisher: Anson Yau
• Release date: Jul 22, 2019
• ISBN: 9781393708209

Book preview

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Description

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If you are looking for ways to make your money work hard for you instead of you working hard, then this book will teach you all the methods to use to make passive income.

Everyone wants to get that freedom to plan their day according to what they like doing, as opposed to planning your day based on where you need to be in order to receive your paycheck.

Or it could be that you have already taken a few relevant steps in that direction and now you want to consolidate the knowledge you have amassed and picked up a few more ideas. Whatever your starting point, by the time you complete reading this book, you will have a deeper understanding of the various passive income streams you can turn into a side hustle. You will learn a ton of passive income ideas that you can start to implement right away.

While you will learn all the ideas that starting different passive income streams it entails, I must let you know in advance that you will not be exempt from investing your time and energy. You need to know from the start that some initial effort and time has to be invested in the starting phase of any passive income business you decide to participate in.

However, the fruits of your labor will start to be seen in the years to come when your main work will be to monitor your passive income streams.

The current world has become a bit difficult to live in. One of the reasons is that our needs have doubled, and yet we cannot afford them because we don’t have the money to purchase them. Well, when we open and run a passive income stream, we can be sure to generate some of the money to meet our needs.

If you have always wanted to set your own passive income stream, then keep reading.

If you want to say goodbye to your 9-5 job and do something that you are passionate about, then this book is right for you. If you don’t want to make someone else rich, then this book has all the ideas and strategies to kick start your journey.

When you learn how to make passive income, there is no limit to the amount of money you can make.

With the help of this book, you will finally discover the best passive income strategies that you can start immediately to ensure that you achieve financial freedom. And this will let you take charge of your life. Whether it is that free time you want to spend or that you want to enjoy the beauty of not working for anyone, this book has everything you need to know.

Here’s just a fraction of what you will learn:

How to make money advertising on your car

How to build a CD ladder

How to build a network ladder

How to make money building a forum

How to make money publishing a book

How to make money narrating with royalty share on ACX

And many more...

Introduction

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Most jobs we do require hard work and dedication. We deliver knowledge and labor to the company we work for to receive recognition, compensation, and satisfaction in return. Though this is a method in which we generate money, once we stop working, the income also stops flowing.

On the flipside, passive income is an idea that has been floating around the internet. The idea is that money is being earned with or without active involvement. Once it is set up, the recurring income will continue to flow.

So anyone can quickly see why this idea is very popular. Three main advantages of this idea include:

Freedom

If your passive income is higher than your cost of living, then you can free yourself from the daily cost of working for someone for at least 8 hours a day. You can enjoy your life and do whatever you want, while you continue to make enough money to support your interests.

Diversification

An alternative form of income offers diversification. An extra income is an extra layer of security for you and your family. Nothing is a guarantee in life and unexpected events may occur. A money-making opportunity can turn out to be a scam or even cause you to lose all your money.

Recurring

Passive income does not stop when you stop working. Even if we love our jobs and want to work 7 days a week, there is a time when we need to retire. At that point, the income from our jobs ends. It doesn’t matter how valuable you were to the organization. If you retire, they stop paying you.

On the other hand, passive income operates even if you retire or you stop working. If you have been looking for ways to generate passive income, welcome to a comprehensive list of passive income streams.

Chapter 1: Getting Started

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Is there anything sweeter than making lots of money while you are asleep? I mean, wouldn’t you prefer to wake up with a large amount of cash flowing into your bank account?

Well, this concept may appear crazy, but passive income is more than just a pipe dream. According to Forbes contributor Brianna Wiest, passive income is an infinite stream of income. The point that she is trying to make is that you can never miss an opportunity.

It is said that the average millionaire has around seven different ways of earning income. Remember, that doesn’t imply that they have seven jobs. But many millionaires have found a way to generate income passively.

By the time you finish reading this book, you’ll be packed with great ideas on how to begin earning residual income for yourself.

The Reader’s Digest reports that over 50% of Americans are instantly affected by the thoughts of work and money once they wake up in the morning.

Although earning passively besides your day job may not solve all your life challenges, it’s a great place to begin, especially when you are serious about building wealth.

Passive income has been a holy grail for entrepreneurs who want to free up their time and focus on something which they are passionate about. While the significance of passive income isn’t always doubted, the biggest hurdle expected is to attain a specific amount of cash flow from automatically-recurring revenue streams.

In general, it’s hard to earn something from passive income. You must be ready to commit your time, and persevere at the many challenges that you will experience along the way. Sometimes, you can go for months and even years without earning a single dollar generated from passive income activities, causing even the most confident and experienced entrepreneur to shake their heads in utter frustration.

The fact is that time is far more important than money. Although money can be spent and earned, once time passes, it’s gone forever. As we continue to grow older, we begin to acknowledge the significance of time and freely select what we do with those important moments that we get in life.

Chapter 2: Advertise on Your Car

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Making money simply by sticking your car with an advertising wrap can be a great way to earn money if you don’t care about the ads, and you fulfill the requirements.

If you qualify, you can expect to earn anywhere between $200-$400 per month just for doing what you always do, but because of auto advertising, that may mean that you drive at least 800 miles per month. For those who spend most of their time driving in busy areas and on the freeway, auto-wrap advertising can be a good means to pay for your gas.

The day Sonya Fishel Lawrence came across an online Carvertise post, she thought it was the usual scam where you receive an email offering to pay you large sums of money to put ads on your car. Lawrence thought it was too good to be true. Carvertise Inc. is a company responsible for paying drivers for pasting ads on their car.

Sonya Lawrence was looking for a means to boost her monthly salary, so this passive income idea captured her attention. She decided to do in-depth research – she read various reviews about Carverise, and finally went on to submit her application. After several weeks, the company wrapped the ad on her car and she was earning money.

Car advertisements can be a great way to earn extra income, but like any other industries, it is packed with scams. If you are looking for a means to earn money while advertising on your car, this is what you should know before you sign up:

The average American spends around 26 minutes to commute to work every day, according to a report by the Population Reference Bureau. While you can use that time to enjoy your favorite music or even listen to audiobooks, you can still convert your commute hour into a source of money.

Companies such as Carvertise Inc. will pay drivers to put ads on their cars. Carvertise operates with local businesses to create the ads and link up with drivers in their target places. Once you are accepted as a qualified driver, the company will put colorful decals on your car for a certain time period.

The more time you spend on commute, the more you will earn while getting your car wrapped. In other words, the more you drive, the more exposure the businesses receive, so they are ready to pay some premium costs for those who cover extra miles.

Based on your commute, location, and the campaign, you can generate a revenue of between $100 to $400 per month for car-wrap advertisements.

According to Sonya, she got paid $300 at the end of the campaign. While car advertisement cannot replace your monthly earning, it’s a great source of passive income because it does not demand extra time or work from you.

So, what are the steps of the car-wrap process?

Once you register for a car advertisement service, the company will ask you to provide information about your daily mileage, location, and car.

Other companies have a minimum requirement that you must fulfill. For instance, Carvertise features require a minimum of a 25-mile daily driving, and your car model should be a 2005 model or newer.

Custom paints or specialty finishes may make your vehicle ineligible, because that may affect the appearance of the car wrap. Most companies want:

Your car to have its own factory paint job.

As a driver, to have a clean driving record.

Once you complete your application and submit it, the company will assess your submission and check whether you are fit for an upcoming event. In some cases, the process may take weeks or even some months before you hear back from them.

In case the company selects you to help them out in their campaign, they will reach out to you and inform you of it. While you might not get the chance to select the ad that is put on your car, you can opt out if you think that the ad is inappropriate in any way.

If you decide to proceed, the company will work with you to arrange for an expert to wrap your car. The decals are used with an adhesive mostly created for vehicles so it won’t destroy your paint.

This campaign can run from 1-6 months. After it’s over, you may schedule an appointment with the car company to remove your decal.

Legitimate car advertising companies

Even if you do earn money advertising on your car, there are a lot of scams out there. Because of that, the Federal Trade Commission (FTC) has warned car owners about various car-wrap companies scamming consumers.

Some of these companies employ the lie that you can get paid for accepting an ad on your car only if you pay a certain fee first. Or, they may decide to send you a check for more money than they owe you and later ask you to wire them back the extra amount. Once you send back the money to them, you discover that the check was fake.

Car wrap scams are everywhere, so it’s advised to research the companies thoroughly before filing any document with your personal information. If you don’t know how to tell a legitimate car-wrap company from a dubious one, here are the things that you should consider:

They don’t ask for any extra fee. A legitimate car-wrap company will not ask drivers to pay an application fee. You need to earn money, not pay for the service.

They handle the wrapping cost. Car-wrap business will pay for the cost of putting and removing the car wraps. In case they request you to cover the costs, then you should avoid this company and start to look for another company. Let them not even deceive you that they will refund you – that is another trick they may employ.

They have the minimum requirements set. Scam companies don’t really care about the car model you have, or if you have a bad driving history. They only want to eat your money. Authentic companies will request more information about the make of your car, year, model, and your driving record before they can approve of you.

You must possess car insurance. To work with the best companies, you will need to show evidence of car insurance coverage.

They have a customer service line to reach out. Say you have questions or run into some issues during a campaign, you must be able to reach out to the company and speak to a real person.

If you commute for longer hours, you can make money by just going about your daily routine. Car advertisements can be a simple way to increase your monthly income, but you must be careful before you register. Make sure you do thorough research on each company before you send in an application.

Steps to make money by advertising on your car

Registration

The first step you must do to get paid for advertising on your car is to sign up with an automotive advertising agency in your local area. Although you can get many of these companies online, you will still need a company that’s near you to place the wrap on your car and remove it once the contract ends. Companies search for various things for their advertising campaigns, but the place you drive to,