15 Passive Income Ideas to Make Money While You Sleep 

Let me ask you a question how many streams of income do you think the average millionaire have is it one is it two three four five six well if you said seven you're correct .


The average millionaire has seven streams of income most millionaires have figured out that the harder they work it's not always about the more money they make you know somebody who works very very hard in agriculture.

 They're not a millionaire but they're working extremely hard you can't say that that person's not working as hard as the person who's on Wall Street sitting back and works 40 hours a week but makes a ton of money.

 so why is that that's because a lot of millionaires have found out ways to make a thing called passive income not active income where you're tied down for your hours for dollars you leverage the most valuable commodity you have which is time this asset that we'd all have 24 hours in a day of you can't get more of,


 so in this video we're going over 15 a lot of them ways that you can make money while you sleep passive income and you don't want to miss any one of these 15 there especially these at the bottom have the potential to make you at least $1,000 or more per month these are the ones that I prefer and I use at the bottom we're gonna go over



 some very beginner friendly ones some that you might not be familiar with I'm actually gonna walk you on-screen exactly how to do this how to set it up if you're a complete beginner hey it's Clark with a few in the settles .



so before we get into this guys and I'm gonna start revealing these for you I just want to say this is not the comprehensive guide this is meant to be a jump off point for you .

so as I'm going through all 15 think about which ones you like and you could see yourself doing do not do all 15 you will not get anywhere the goal is to choose one or two that really inspire you and go all in with it all right let's get rocking and rolling drum roll please number one credit cards cash back making cash back on purchases that you already have,


 so a lot of you user have a credit card or if you don't this is perfect you should definitely get one credit cards have great reward programs you're spending money either on Amazon or restaurants or gas station or rent if you put it on your credit card and you're smart about it you can get great cash back points a lot of at cards which we'll walk over in a minute actually give you a bonus for opening them if you spend a certain amount in a certain time frame.

 so here we are in the Bank of America site and you can look at all their different credit cards now if you're serious about this and really choosing the best one I'd recommend you do your fall due diligence and research read the terms before applying to any credit cards but this is a good little overview of four of them that they offer in choosing which ones right for you.

 so if we scroll down here they're comparing their four credit cards this one is the one right here that we're talking about .

so you get a $150 cash reward bonus after making at least $500 purchases in the first 90 days after opening that's pretty good 150 bucks that's 50 dollars a month if just 90 days if you spend five hundred dollars on Amazon five hundred dollars on gas on rent whatever it is that's $150 free for just opening this you also get .



three percent cash back in the category of your choice and there's also two percent at grocery stores so if you're going to Trader Joe's or Whole Foods or whatever and you're racking up a mean tally like I do on those banana chips this is a good one right here ,

and you get one percent on all other purchases you can also look over some of these and just again guys do your research and choose which one works for you but utilizing cash back rewards from credit cards is a fantastic supplement to make and claim that free passive income.

 now it's great about some cards that they have a zero percent annual interest on some like the first 12 months funny story was one of my students my coaching clients I was walking him through our coaching process and he asked me if he could put $5,000.

 if we could charge us coaching fee on a new credit card that he was gonna open cuz it gave him if he spent $5,000 in think it was a month or three months timeframe he got a thousand dollars back.

 so that was a way he paid for some coaching individualized or helping him grow as YouTube channel and he got a thousand dollars off that coaching program just cuz he learned how to use credit cards the right way and work for him not against him I will say here the fees are ridiculous if you don't pay this off so sometimes these can hurt you if you're not good with credit.


 okay so if you're not good with credit that's not a good option let's talk about the second option now this is a car wrap alright and I'll show you in a little bit if you don't care about the image of your car you're like me or someone who doesn't I have a nice car right I have the same car since I was 16 you know I don't really have a reason to.

 I just go to and from places and car a gets me there just as well as car B except my car is a beater and I'll care if it gets door dings or trashed I'm gonna show you a website right now that you can actually wrap your car with an advertisement and make passive income with it.

 so you get paid for driving just like that now full disclaimer I've never used this site but that doesn't mean you can't make money with it let's go down to get started we could watch a video but let's scroll past all this and just get to the good stuff.

 so how much can we make with rap if I look in two hundred and sixty four to four hundred and fifty two dollars a month is what they claim .

so that's for a full if you really just want to sell out you know you're just like hey I don't care I don't care pulling up to bars or restaurants and if people judge me with what I'm advertising you just want to sell out okay you can get up to four hundred fifty two dollars a month.

 if you want a partial that's around two hundred eighty a month and then light if you're just semi sellout that's around two hundred and eighty dollars a month and you two could be look at this you two could be advertising get pumpkin quest bars on your car mark Z doesn't care he's just making some extra money now am.



 I saying this is a primary source of passive income absolutely not but hey if you want to monetize your lifestyle make an extra couple hundred bucks a month look into this look at this all you have to do is just drive your sweet little car through the sunny streets of California and then you two can be making hundreds of dollars per month just passive income from the driving you already do,

 alright so yeah that's a little ridiculous but I mean if you really don't care about how you look in a car which if you're just using it to get to point A to point B you might as well monetize your lifestyle and make a little extra income let's get it in a third point now this is a high interest high-yield savings account now the thing about savings account is that most of them you lose money in and you're like what do you mean they pay me a little bit of interest well yeah okay let's just say it's point zero five percent interest .

okay so it's not even a percentage which is what some traditional savings accounts pay you well inflation it's about two point one to two point three percent every single year that inflation goes up simple way to look at it is if you bought a can of coke in 2019 then that can of coke would be two point one percent more two point three percent more 20 20 just because of the rising costs of inflation not a good deal .

so you can see in a traditional savings account right there how you're actually losing about 2% a year if you just have your money there but to demonstrate this in practical terms right here so in 2019 at 2.1 percent if you put $10,000 in a savings account right it's about 0.05 percent interest at the end of that year that will be 10,000 dollars in 50 okay.

 so that sounds great you made 50 bucks but not so fast if we calculate for the rising cost of inflation in 2020 you would have needed in that same savings account that ten thousand dollars ten thousand two hundred and ten dollars just to equate for inflation put simply.


 if you just keep your money in that low savings interest account you will have lost a hundred in sixty dollars a year just for having your money in there for every ten thousand dollars you have that's not the best deal in the world and there's other options out there that when you research and you know videos like this you can actually combat that.

 I'll show you one right now now here's one called a lie Bank a very popular savings account that gets talked about a ton steady growth peace of mind they give it an average of two point five percent annual yield again please do your own research here before you do any of these opening but this is a very well talked about savings account that can have your money there and .

so you're not losing that average two point one percent on inflation actually combating that a little bit and it's a it's a very safe way to hold your money without actively investing it and combat the inflation rates.

 if we look at their online savings according to their website they do 2.2 annual percent yield on all balance tiers no monthly maintenance fees which is huge and 24/7 customer care plus look at these graphics guys you know these guys are business and targeting Millennials when they got that good watercolor graphic who doesn't want to sign up for this look how happy she is just signing up for her ally account the other one a bit more boring than Ally you know branding wise but this is CIT Bank okay.




 now if you were looking for savings for the moments that matter like pushing your kid on a sunny street you can apply here and do your research on this this is a two point four five percent APY but on this one you do need to maintain a balance.

 if you're willing to put a hundred dollars in a month or if you just have a copying large sum of 25k and let's just say your rating waiting for a rainy day you know you don't know what the crash is coming with the real estate market that ever insane or the stock market and you're just like I don't know what to do I'm a little overwhelmed right.

 now I need to do more research you can do one of these options hold your money here get that 2.5% combat inflation and then just prep for the rainy day it's a good way to hold cash aside from just a small average savings account all right for the next ones we're gonna be talking about real estate now full disclosure guys I do not invest in real estate I invest in stocks and I make money on the internet invest in digital assets.

 so this is an area you're gonna need to do a lot of your own research on but I'll give you some good jumping-off places what's fascinating to me is that when we look at the last two centuries more millionaires have been made in real estate than virtually any other investments pretty cool this one right here we're gonna be talking about air B&B before this .


 I was like how much do people actually make on Airbnb and I found that 50% of renters make at least $500 a month on air B&B now if you've watching this right now maybe you've stayed in Airbnb I know I have in fact my recent trip to Arizona.


 when I was visiting my friend Matt I was a little bit of a sketchy experience in an air B&B steading some bad ones I've stayed in some really good ones but that store was funny because the guy was just renting out his king-sized condo I saw the pictures online I was like you know what that king-sized condo that looks awesome.



 I get there and he sends me these cryptic messages on the app and he says remember you're staying with a friend so I reply I'm like Jim it's just me I'm not staying with the friend I it's just I'm a solo guy like thanks I'll I'll pick up the keys and he kept responding no you're staying with a friend winky face and ,

so I get there after filming all day I'm exhausted but I'm expecting the key to just be under the map so the keys aren't on the mat and so-

 I knock on the door in case maybe he's in there that's kind of weird and he comes to the door and he gives me the keys he's like oh you're Clark hey come on in man and I walk into his literally studio apartment it was not a master condo and he's like okay your rooms back there and I'm looking at this condo like oh I guess we're sharin and -


I walked past his room and his girlfriend's in there long story short it was not a master condo so that guy right he was monetizing on me $160 a night okay so I paid a hundred $60 a night to room with Jim and his girlfriend in a not.




 so master condo in Scottsdale Arizona but he was renting out his real estate letting other people pay for it so this is a cool way can do a side income through assets you already have .

so you can use that money to pay down a house can use that money to invest in other things you can use that money to not work whatever your goal is you can use Airbnb to get there all right the fifth way this is crowd-funded real estate and you do it through a site .

I found called fund rise let me show you how that works right now now the first thing I have pulled up is that they've invested 2.5 billion dollars in real estate with strong results now look at their charts over the annual average annualized returns you know you're looking at anywhere from 8 to 12 percent .

which ok you know if the stock market returns let's just say in index funds 8% annually over the last 100 years depending on what estimate you know it's 8 to 10 6 to 10 percent here's another way you can diversify in here without again owning tenants without again you know having commercial real estate that you have to keep up that you have to fill .

you have to get property managers now right here I pulled up you're like ok how much does it cost to get in they got three options if you have over $10,000 of course this one is probably the best it's gonna get you the highest likelihood of bigger returns and then .




there's a Corp and then there's a starter now you can do start with five hundred to a thousand dollars or go to the core with a thousand to ten thousand dollars diversified over forty portfolios and it charges in point eight five percent annual asset management fee so fees add up over time guys okay and '



so this fee might not sound like much but you know if you have a hundred thousand dollars in an eight five percentage that's eight hundred and fifty dollars a year on a hundred K investment that they're taking potentially away from your profits now you gotta ask yourself is that convenience eight hundred and fifty dollars worth this investment .


so that's just one thing to consider on that fee so if crowdfunding is not for you and you're like I still want to be in a real estate you want to take it to the next level well maybe you want to do option number six this is to buy your first real estate property okay.


 maybe you want something on your own you're like alright well I live in an area where real estate is really expensive like I do in Seattle you know a two three-bedroom home can be two three million dollars like we really can it's expensive.

 so you might want to look outside your state so you can use apps like Zillow or go outside your area and start collecting checks on people paying your mortgage for you and paying down your house it's pretty cool .



so think about it if you get a mortgage that's $3,000 a month let's say and you buy the house with 20% down and you can rent it out for $3,000 or you're not really losing money because then people are paying that for you and eventually your house gets cheaper and cheaper yes there's home costs yes there's closing costs yes.

 there's property taxes but you're never losing the principle investment and when you go to sell your house all of a sudden other people have paid it down for you you can sell it and you can collect the profit there's also really tax friendly codes .

if you read Rich Dad Poor Dad where you can take that real estate property if you sell it for a million dollars let's say and you can put that million dollars into a bigger property and avoid paying the taxes on it one of the coolest advantages of real estate.


 so I'll show you that site now of where you can look for these homes so I'm on a site now called roof stock and the cool thing about roof stock is they let you buy investment properties the tenants are already living in ok as little as 20% down as well now if you're willing to roll the dice a little bit and buy on sight-unseen this might be a good option for you especially if you live in an area where rents are historically too high to buy such as where.

 I am in Seattle not only can you find cheaper places here that you don't have to spend 400 K maybe you can get four of them tenants are already living here they also will pair you up with landlords so you don't have to do the day-to-day if you're out of state.


 so if we come in here to the Browse ok so we go to buy they have all these different things we can sort by the 1% rule turnkey higher yield featured.

 so right here let's just go into the featured one let's say we want a little apartment in Dayton Ohio we're gonna get a duplex like that Ben Stiller movie you guys ever see that and here we can see that the initial investment 63 grand and what's cool is that we can go to current rent is about $1,100 a month we can go on the market rent in that areas about a thousand dollars a month and it calculates all our return on investment right over here .



so if we hold this for five years on our investment it's calculating a twenty six thousand dollar return is there maintenance absolutely yes are there hidden fees like property taxes and all that stuff that you probably don't think of right away yes but is this an awesome site that you can just have some fun poking around in and seeing .

if this is a cool way to get your feet wet in real estate absolutely and in just a few clicks of a button maybe a phone call you could be a proud property owner in the beautiful city of Dayton Ohio who doesn't want to live there you're not quite neighbors with Machine Gun Kelly but hey you're pretty close this could be your neighbor guys who doesn't want to live next to this.

 guy it's okay you got about a three-hour drive before you get to Cleveland all right let's start getting into the stock market now you decide that maybe this stuff isn't for you I prefer to go with stocks it's very passive it's very easy to do .

so you might be looking at the stock market I'll give you some examples in a little bit it's hard to convince the stock market down into two minutes in one video but I'll do my best so if you look at the last hundred years the stock market on the S&P 500 it's gonna average anywhere from six to ten percent let's meet in the middle and call it eight .

so eight percent annual return that's good because inflation - I'd like to point one percent so right there you're automatically making an extra six percent on your investment yes there's gonna be ups yes there's gonna be down.



 so you don't want to keep all your money here because if you sell it on down well then you know you're gonna lose money but if you sell enough you're gonna gain money if you're brand spankin new to this and again I'm not a financial expert not giving financial advice but you can look into index funds which we've covered in other videos and we'll cover in future as well.


 I'll turn around this right now and show you a little bit more about some strategies that I do and what other people recommend and learn from the best such as Warren Buffett on what they're really doing with stocks a lot of the time some companies that are pretty big .

they'll actually give you a part of the proceeds when you invest in their stock and I just did some quick googling on the highest dividend stocks that pay quarterly dividends of 2019 and 2020 .

so here's one that comes up Blackrock Inc Bok pays about two dollars and 88 cents per quarter I believe that's per share that means you'll get two dollars and 88 cents per share and quarterly dividends so he times that by four that comes out to eleven dollars and fifty two cents a year in dividends that's pretty good for one share.


 so if we look that up that's a four hundred and forty-five dollars and 21 cents is current trading price of Blackrock now of course you want to do your research when picking stocks I'm not giving a official recommendation we're using this as an example here but you can see it's gone up over time but it's paying quarterly dividend .

so even if it doesn't exactly go up you're still making money now you can choose to reinvest the dividends and compound this even bigger .



so that your initial principal investment keeps growing with the reinvestments of the dividends but I want to give you perhaps a better option instead of just trying to figure out these yourself look at what the most successful people in the world are doing I googled Warren Buffett's Berkshire Hathaway portfolio tracker and sorted it by holding value you can see that.


 he has Apple stocks at 196 currently trading with a holding value of a cool 49 billion dollars now you can't live on that but that's a good start now why does he choose this that's because they started paying dividends parts of the proceeds back if we look at the Apple ticker here you know it's been around apples a company that's been around for a long time we can look at their five-year charts trajectories over here they had a bit of a dip when the market went down for full transparency here's my personal portfolio and you can see right.


 there that Apple Inc I invested about thirty five thousand dollars into Apple and I've made over the time of investing about nineteen thousand dollars in the gain loss now I've been investing with these guys for a long time behind the scenes I don't normally talk about this on refusing to settle but hey it's a money Monday .

so I thought I'd show you this for full transparency and just to let you know that I own them I'm in the process of rebalancing my portfolio this isn't the full one right here but I'll do a much longer video on this in the future if that's of interest to you let me know in the comments I go through Charles Schwab by the way I like that brokerage but there's other ones out there such as fidelity in other areas you can invest your money in now if you're new to stock investing you might consider doing a high yield index fund because individual stocks can be a bit riskier.



 so again we'll do cover more of this in depth in future money Monday's and future videos but poking around at what Warren Buffett's doing with his company and you'll see that a lot of these companies paid dividends he's a big fan of this strategy because that's how you let your money invested make you more money and compound over time let's talk about number eight this is peer-to-peer lending okay if you want something with more of an impact you want to help people out whether.


 people need to pay their medical bills whether people need to invest in a business whether they need some cash and they might not want to go through a bank you can invest in peer-to-peer lending I'll show you a site now that is really well-known for this that you can look into .

if you want to make some money on your money you want an impact in the process Lending Club connects borrowers and investors who are willing to take this on and make a little bit of side income as well .

so if you want to borrow money that's a different story that's not this video let's talk about investing so they claim to unlock a new asset by investing in people with competitive returns at a fixed income alternative historical returns are about three to eight percent a year which is not bad that's about pretty similar to like a stock market or-

 something like that and you can start with a relatively lower amount they also market to investing with a purpose so that unlike stocks where you know you might be just investing an apple or something that's pretty capitalistic and heartless ruthless capital if you want to call it that these help people who actually need alone.

 so it's a cool way you can connect and help people along the way if that's part of your mission now full disclosure I've never used these guys.

 so please do your own research I know it sound like a broken record but in these YouTube videos you know it's very important that you do your own research because it's your money and you're in charge of it .

I've done some more research before this video and what I found that was pretty interesting is that 99% of their portfolios for the hundred plus notes which they consider like a lend or an investment they see positive returns .

okay so that's a really cool track record that it you know unless you're in that 1% that doesn't over 99% of time you see a positive return there's a lot of people doing this you know almost two hundred thousand investors and 2.5 million plus borrowers for a gross cap of around four hundred and forty billion dollars that has been invested in Lending Club.

 so again here's a cool site you can invest or borrow say if you need a personal loan if you need a business loan refinancing or patient solutions and it's a cool you can invest to help people in need of these four things right guys .


that is going to conclude the first half of this video what did you think leave a comment down below hit this like button and if you want to see part 2 in a few days it'll be live just click that little link right there if you want to continue watching on the 15 passive income ideas to make money while you sleep.

 because there was no way we were so if you're still with us you want the other seven ideas go read that article  now thanks so much I'll see you then -



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