How To Build $5000 In A Month Passive Income? 👍 Ideas You Can Start Too Now!
About a year ago, I shared how I build passive income. It was around $3,800/month then.
I've since grown the passive income stream and it can really be done in Singapore.
Currently I have at least 5 main streams of passive income. Hopefully it inspires you because you need passive income if you want financially freedom. Build it step by step!
Chapter summary
0:00 Intro
0:31 Property rent income
Why it may not be passive income. It is currently $2,000/m.
2:44 Stock portfolio dividend income
The only real passive income stream
4:04 Website Adsense income
My website is https://theastuteparent.com
5:38 Youtube Adsense income
8:30 Affiliate income
How does digital products work and can it become passive income? I'd be testing and learning the process so that I can share with you more.
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We do not make any recommendations on whether a security is a buy/sell as every investor has different investment goals and risk profiles. The presentation of ideas from Josh Tan and TheAstuteParent are strictly for education purposes. You are advised to perform independent research yourself or seek a qualified financial adviser. We will not be liable for any losses directly or indirectly from the material. Some of the referral links in the video summary are products and services personally used by Josh Tan and they may pay an affiliate commission or referral bonus. It is not an endorsement of the product unless explicitly stated and we will not be liable for any losses. The content in this video and any promotions mentioned is accurate as of the posting date.
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About Josh:
Josh holds a degree in Accounting from NTU.
In 2016, he co-founded the financial education website TheAstuteParent to provide detailed insurance plan analysis and financial planning tips to help you kickstart your journey towards financial freedom.
As a ChFC Charterholder, Josh has agreed to be bounded by the ChFC®/S Code of Ethics. This includes, among others, acting in a professional manner when it comes to conducting due diligence on primary and secondary sources of investment-related data, and articulating his investment opinions based on his research and beliefs. Based on his research and analysis, he highlighted his beliefs and opinions, and illustrated the concept of time value of money, as of the time of the video.
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