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Do my example capstone project paper write for me capstone bank montgomery need someone to type my essay on management cheap hey guys Stephanie oh here I got a question on my YouTube page about the five ways to create passive income or side somebody asked me Stefan how can I create some passive income now I only show you stuff that I do I'm never gonna show you something that I'm not doing I don't believe it's ethical for me to show you something that I'm not doing myself if I'm gonna teach you I'm gonna show you things that I do I'm going to show you deals that I do or would do I'm never going to show you something that I don't do so here's five ways that I make passive income and these are ways that you can do passive income in your own economy your own life number one is real estate I own a fairly sizable real estate portfolio and we have passive income through rental of real estate now real estate is great I own a small parking lot downtown in my city I love parking lots because it's dirt the cars park on it if the cars don't pay you toll so that is a beautiful example of passive income and if you can buy some parking space somewhere or if you can buy a building that comes with parking space I actually bought the building that came with parking space because I wanted the parking what's great about the rental of real estate guys whether it's a storage facility rental property I have a rental portfolio rental properties parking any of that kind of stuff can be a beautiful source of passive income my own house I live in it actually has a rental suite cuz I don't like paying mortgages I hate paying for real estate I like it when other people pay for my real estate so that is one way to create passive income you can do this this can be a money or no money situation the building I'm standing in right now I bought with no money down the building I bought with the parking lot I also bought no money down you don't need money to buy real estate but what you do need is knowledge and you might need some training but more on that later second one is IP this stands for intellectual property so I have created some intellectual property in my business and I get royalty checks for that intellectual property so things like books games movies music I used to be a musician most of my IP is in the book and education space you know in with intellectual property comes licensing I've had people talk to a licensing some of my products but my intellectual property income today mostly comes from books and royalties on books which is beautiful that's something you definitely want to put in your portfolio and I love IP because this is a very little or no money strategy this is a way that you can create passive income with no money it doesn't cost very much money to create IP so I love that you know another thing you can have is patents you could have licenses licensing other people's stuff I have trademarks I own the trademark for respect to grind which is pretty cool today that brands not huge but hey there is some passive income coming in from that asset which brings me to my next line internet businesses so I do have some ecommerce stores I also have a membership website we also have online products I generate money typically almost every day just about every day I have somebody online buying something from me and what's great about that is it's either fulfilled by somebody else in a fulfillment house or someone in my office fulfills it this is of one of my favorite ways to create passive income I love all three of these I love intellectual property I love internet businesses that's something that you need to get into this again guys doesn't cost very much money you can get into the online business game for no money notice there's a pattern here passive income it doesn't take a lot of money to do even real estate the most expensive one number four joint ventures slash business ok business is probably my favorite one here but I have a couple businesses I have one business called it's a debt buying business where I J vide with some investors and I outsource all the work to another company and I just take the profit it's beautiful this biz this sends me a cash flow check every month it costs no money from me it was no money for me it was someone else's money somebody else's work if you want to know about joint ventures I have a book called money people deal talks about joint ventures in that joint venture somebody else brought the people to do the work somebody else brought the money I just brought the deal and I put it together business and joint ventures absolutely phenomenal way to make a lot of money a lot of my joint ventures that I do I happen to flip a lot of properties it's almost like a passive income to me in that other people bringing the opportunities and I really just triangulate them put them together and someone else is doing all the money all the people and all the deal I'm just the guy standing them and I'll put it together so this is a beautiful way using joint ventures or some sort of business you can create passive income I also own a staging company which I love I do home staging and I do not work in this company I don't stage homes I don't sell it I don't manage it somebody else does all those jobs and I can't really say this is a real passive income but it's a business that somebody else manages that I own and that's a beautiful thing you can do if you want to get into the joint venture slash business part of passive income number five this is the best passive income of all is interest on money now I do some hard money lending which is lending on real estate assets at high interest rates double digits ten twelve fifteen twenty twenty-five thirty percent and what's beautiful about this again I'm not using my money no money and I'm not using my work so interest on money this is really the ultimate if you guys want to get rich if you want to have the ultimate lifestyle well wealth and lifestyle are inversely related we're not gonna talk about that right now but we've got a beautiful list here of things this is the ultimate one this is the true passive income this is where you know one day if you build up millions and millions of dollars or billions of dollars from these other activities your children can inherit the money and just get interest on money which is the ultimate passive income the way I do money-lending it's a little more active it's a little you I'd be a little more smart to do it you make a lot more money but at the end of the day this is what this is the Holy Grail a passive income is interest on money lent out so guys I'm Stephan our neo this is five ways that I personally earn passive income in my business ventures all of these strategies can be done with no money I started with twelve hundred bucks of cash you can check out my book self-made about how I built myself from zero bankruptcy twelve hundred bucks to self-made millionaire you can learn all about some of these strategies I've done also I got my other book money people deal all about putting these joint ventures together if you like passive income if you want to get into that it's time to pick up these books get educated and check out some of these ways because they've done great things for me I'm only 29 years old I'm gonna be alive for another 71 more years so I'm reusing these to get even wealthier over my lifetime I'm Stephan are any respect to grind use this stuff don't abuse it I'll see you on the next video write for me capstone in omaha ne Bard College, Annandale-on-Hudson.