4 Lazy Ways To Make A Lot of Money Online While You Sleep (Passive Income). When I go to sleep at night, I can rest easy knowing that as I’m sleeping, my pockets are continuing to get filled with money. That is lots and lots of money. And that’s because I’ve set up four income streams that work for me 24 7, even while I’m sleeping. And the best part is that it doesn’t take a genius to start these income streams. No, these are four insanely lazy ways that any normal person can make money while they sleep and all these income streams are very easy to set up and can potentially make you life changing money.
And so if you can consider yourself to be a normal person, then these next 10 minutes could literally be game changing for you. Now, don’t worry, we’re going to talk about exactly what these four income streams are. But I want to tell you a story. So several years ago, I had the privilege of meeting this multimillionaire through an acquaintance of mine and this guy owned a commercial real estate construction company. And so he was insanely wealthy and I remember we’re at this guy’s house and his house was absolutely beautiful and I’ll never forget it.
Ok, So in the kitchen they have this big tray of these, like perfectly seasoned juicy Kobe beef steaks and they’re just tossing these on the grill and passing them out like it’s nothing. And just in case you don’t know, one of these steakss can cost anywhere from like 100 to $200 for a single 12 ounce steak. But anyways, fast forward a little bit. I got acquainted with this guy and I decided one day to send him a text message. And so I asked him, I said, hey, Jim, that was his name. His name was Jim Ernest. Ok. So I said, Jim, I don’t wanna be rude or anything, but I’m really hungry for more of those Kobe beef steaks. And that, that’s not what I said.
Ok, I said, I’m really hungry to know how exactly you built your wealth. Like I’m just really because I want that for myself as well. And at the time I was just turning about 19 or 20. And so a couple of hours goes by and I’m getting nervous because I’m like, I hope I didn’t ask the wrong question, but eventually he replies back and he says, hey, Joshua, I appreciate the question. I appreciate your forness. My biggest source of income right now is through my construction company, but that’s not actually how I built my wealth to begin with. And that’s, that’s when I got really intrigued because if his only source of income was through his construction company.
Then I little old Joshua didn’t have a chance because that was way out of my league. Fortunately, so what he did end up saying were a few things that were not out of my league. And he also alluded to the fact that many of his millionaire friends also had all these income streams in some form. And so obviously, they’re income streams that are profitable enough for millionaires to continue using them, but they’re easy enough to start that a regular person can start them. And so now I’d like to talk with you about exactly what these income streams are and how you can start building them for yourself. So, the first income stream that he talked about were the many paychecks that businesses would send him on a regular basis.
Now, this isn’t like mafia levels stuff, right. He wasn’t going around to different businesses whacking people for not paying him his cut. No, let me put it this way. Ok. Imagine a company like Coca Cola that’s been around since like 1892 decides, you know, we’ve been building this company for over 100 years now and we make too much money. I think that we want to start rewarding people for buying our stock. And so when you go and buy shares of Coca Cola stock at $50 a share or whatever, it’s currently trading at Coca Cola will start sending you what I like to refer to as mini paychecks and some of you might know them as just being called dividends.
And so the way this works is many companies that trade on the stock market will pay their shareholders, these mini paychecks or these dividends just for owning shares of their stock. And large companies like Apple at and Microsoft, Coca Cola, Pepsi and hundreds of America’s largest companies pay their shareholders these micro paychecks. And so the question becomes, how exactly can you start making this income stream work in your life?
Like how can you set it up? So that when you go to sleep at night, you know that you’re continuing to make money because Tim Cook at Apple is writing checks for you while you sleep. Here’s how you do it. The first thing you need is a brokerage account. I recommend going with either Webull, Fidelity Vanguard or M1 finance of those four. Weibo is probably the most user friendly if you’re new to buying stock plus right now, if you open up an account with Weibo and deposit just one penny, we will, will give you 12 free stocks valued up to $36,000. Next, once your account is open, you’ll do some research to figure out what companies actually pay dividends. Now, I’d personally recommend that you only go with dividend King stocks.
These are stocks that have a strong history of paying consistent increasing dividends for 50 consecutive years or more. Once you’ve selected which dividend King stocks you want to actually invest in, you’re going to go into your brokerage account and actually buy those stocks. Now, the good thing is that with brokers, like we, you can buy fractional shares of these stocks.
And so this means if you wanted to start receiving paychecks from say Apple, but you didn’t have $150 to spend on Apple, you could just buy a fraction of that $150 share as little as $1. And then after you buy the stock, that’s it, you just wait and then every month or every quarter, whenever the stock pays dividends, you’ll receive paychecks directly to your brokerage account, which you can use for whatever you want and believe it or not. Some people can even live off of the dividend paychecks they receive and never have to work. It does take time to build this type of portfolio up, but a lot of people do it. Now, if you’d like me to make a dedicated video about this about how you can live off of your dividend paycheck.
Drop a comment down below and say yes, I would love a video about dividend paychecks and leave a heart you or something. So that I know you mean it anyways, the next income stream that Jim talked about that contributed to his wealth and allowed him to make money passively was having passive income stream. Now, Jim specifically had this business where he would hire these high school kids and he would have these high schoolers go out to these youth soccer games and record the games for the parents. And these parents would pay a lot of money to have, you know, a high quality video of their little Sammy running up and down the field playing soccer.
And this was all completely passive for Jim, right? Because remember he hired the high school kids to actually record the games for him and all Jim had to do was just collect payments from all the parents who wanted to buy a DVD. Now, obviously, I’m not saying that you should go out and start, you know, a youth soccer uh video company. But what I’m saying is you need to figure out how you can start building passive streams of income in general. And this could be from starting a passive side hustle like the dozens of side hustles that I talk about on my channel. It could be from selling courses or writing ebooks or starting a youtube channel or anything that’s going to create passive income for you.
This means means when you go to sleep at night or when you sit down to watch Netflix or when you hang out with your friends or go walk your dog or do whatever it is that you do when you’re not working, you’re still actually making money because these passive income streams are always working behind the scenes for you. Now, I tell people this all the time, ok, you want to build passive income streams that are actually going to be scalable. What exactly does this mean? Well, for example, going and starting a pressure washing business is not really scalable, nor is it passive, right?
Because in this situation, you’re having to trade your time for money, you have to physically go out to properties and do work before you can get paid. Now, you certainly can, you know, make it more scalable and a lot more passive by hiring people and then having those people that you hired go out and pressure wash for you and that’s exactly what Jim did. He went out and he hired high school kids for cheap to go and record these soccer games for him so that he didn’t have to use his time to be at every single one of these soccer games, recording the event. It’s definitely an option, but it does come with a cost.
And so something that I’ve always preferred for myself and I would recommend this for most people as well is to find passive income streams that have low overhead things like starting an Etsy print on demand shop or you could do things like selling courses on skill share or starting a youtube channel. These can all be started with just one person you uh little to no money and are very easily scalable and passive. The next passive income stream was one that Jim said was probably his biggest source of passive income and that is real estate.
But he was really quick to point out the fact that although he did own physical real estate, a larger percentage of his real estate, Port Julio was actually not in physical real estate, but in a couple of other real estate investments. And he mentioned two different real estate investments that basically anybody can start with very little money. And both of these real estate investments are very lazy and passive. The first real estate investment that he mentioned was real estate crowdsourcing. This is a method of real estate investing that connects investors with real properties through the internet. And the best thing about crowdsourcing is that you don’t need a lot of money to start investing.
And so with crowdsourcing, you’re using sites like fund rise to go and invest in real a project. And so this could be anything from single family homes to entire apartment complexes and different types of commercial real estate. And so to get started with real estate crowdsourcing, all you would do is sign up for a site like fund rise, choose your investments and start investing. It’s super simple, completely hands off and a perfect way to get your money working for you. 24 7, the next real estate investment that he talked about was buying RES or real estate investment trusts. So a re is a company that owns and operates income producing real estate.
And so when you buy shares of a re you’re essentially investing in all of the underlying real estate that, that we own. And so this could be shopping centers, hospitals, office buildings and even sell your towers. Now, you may be thinking right now, yeah, how exactly does a re pay me in my sleep? Well, very similar to dividend paying stocks, res also pay a monthly or quarterly dividend plus just like stocks rates are also bought and sold on the stock market. And so they’re extremely easy to invest in.
All you would do is go to your brokerage account type in the name of the ret that you wanted to invest in, buy shares of. And then from that point, you’ll start receiving dividend paychecks whenever the re pays dividends, which is typically every month or every quarter. And so, yes, Jim did own physical real estate, but he also owned a lot of res and he did a lot of investing using crowdsourcing website. And the last source of income that Jim mentioned was affiliate marketing and what he did specifically was uh built and run niche blog websites that generated affiliate income. Now, I don’t know exactly what niches his blogs were in.
But an example of this would be like a gardening tips, blog, an entire blog dedicated to gardening, right? How to grow the biggest and juiciest tomatoes. What type of fertilizer to use to make your tulips big and tall? And then inside of that blog, because you’re talking about one subject and you’re becoming an authority on that subject and you’re building trust with your audience, you would recommend products and services within the blog post. And so, for example, perhaps the best fertilizer to use to make your tulips grow big and tall is uh Frankie’s Ferocious fertilizer.
And so you would mention that fertilizer in the blog post and there would be a link for the reader to click that would lead them to maybe Amazon or somewhere else where they can buy that fertilizer. However, this link is not just an ordinary link, this is actually an affiliate link. And so any time a reader clicks on that link and then proceeds to buy that fertilizer, you’re going to receive a small kickback or commission for them purchasing that fertilizer. Now, what I’ve learned over the years is that you can either treat affiliate marketing as a primary source of income or a secondary source. For example, here on my youtube channel, affiliate marketing is a secondary source of income.
I make anywhere between 10 and $15,000 per month with affiliate marketing, but that makes up a smaller percentage of my total monthly income for my channel. Now, if I wanted to, I could focus a lot more of my energy on affiliate marketing to make more money. But I choose to keep that income source as passive as possible so that I can use that energy somewhere else. Now, obviously, whenever I can, I’ll try and post affiliate links in the descriptions of my videos. But in most cases, I’m not like actively pushing those links in my videos all the time. It’s just kind of this secondary thing in the background, right?
Where if someone happens to click on my video description and they see my Amazon storefront for example, and they click on it and they buy a product from it. Well, great. I’ll get a small commission from that, but it’s not something that I’m always actively promoting. Now, if you did run like a specific niche blog or even a niche youtube channel, then in that situation, it might actually make more sense to focus more energy on affiliate marketing, especially if that’s going to be your primary source of income. Now, affiliate marketing is a very broad complex subject that goes way beyond the scope of this specific video.
Once again, if you guys would like a dedicated step by step video about how to get started with affiliate marketing, drop a comment down below, but generally affiliate marketing can be a very lazy and passive source of income that if done, right can make you a lot of money.
