7 Passive Income Ideas [Updated for $10K a Month]

Updated Video! The seven passive income ideas I’m using to make over $126,000 a year from online income sources. I’ve dropped the spammy income streams like surveys and mystery shopper to focus on only the best ways to create passive income from home.

You’ve heard that the average millionaire has seven income sources…well this is it. These online income streams have helped me create a million dollar net worth and they will work for you. I’m detailing each in this passive income tutorial to get you started making money as fast as possible.

Reserve your spot to the YouTube Quick-Start Webinar! Give me 30 minutes and I’ll reveal how I grew my channel from zero to 75,000 subscribers in less than 18 months. YouTube has doubled my online income and is becoming one of the best passive income sources I use. https://myworkfromhomemoney.com/webinar-grow-youtube

I’m pulling from my favorite passive income ideas in this video to give you a mix of investing and business ideas. Some will start making money fast while others will take longer to set up but will make more money than you can possibly imagine.

This was one of my most popular videos on the channel but I wanted to update it with new ways to make passive income. I took everything from the first passive income video plus all your comments to create this updated online income tutorial for more ways to get rich faster.

Blogging is where it all started for me to launch my passive income online business. In this FREE five-video series, I’ll show you how to start a blog in less than 10 minutes and reveal the income sources I use to make money every month. https://www.youtube.com/watch?v=m2Xb71JC7xg&list=PLjsZ3KrTlZowK-tbyD5NW2If4CMnqqEp4&index=1

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These are more than your ordinary side hustle ideas because they go beyond that constant work you have to do with a side gig. Each one of these passive income sources will create an online asset that continuously generates income whether you work or not. Combining several of these passive income examples will give you a monthly income you can count on and that reaches six figures fast.

I make about a third of my income from affiliates and it’s one of the best passive income streams I use. In this FREE two-video series, I’ll show you how to find the best affiliates that pay every month and the secret to making it passive income. https://www.youtube.com/watch?v=X9GdkSCtb9g&list=PLjsZ3KrTlZozTnx5sbbiBDmiq8xM__JJk&index=1

I just started using online courses as part of my passive income strategy but I can tell this is going to be huge. I made over $9,000 on one course in the first four months alone and the income stream grows each month. In this three-video series, I’ll show you how to develop your own course and the secret to marketing it online to collect monthly residual income. https://www.youtube.com/watch?v=7wDGSvTJEdE&list=PLjsZ3KrTlZoz4G0WL9OAXGNantvGzg2VO&index=1

I usually include a clickable index to my videos to let viewers jump. I’m not doing that with this one because I want you to watch the entire video. Even if you’re set on using one particular passive income source, please watch all seven because it’s that idea of creating multiple income streams that WILL MAKE YOU RICH. Don’t settle for just one income source. Put together a business of online income ideas and you will never have to worry about money again.

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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.
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