9 Passive Income Ideas: How I Make $8,000/Mo WITHOUT Working in 2023

Подписаться 459 тыс.

Просмотров 86 тыс.

0% 0

Passive Income Ideas for 2023, is the topic of today’s video because I am going to share exactly how I actually make an extra ~ $8,000 per month.
Book a Tax Services Discovery Call: schedule.lyfetaxes.com/discov...
Use this link to sign up for a Wealthfront Cash Account and we’ll both get +0.50% on the current APY! www.wealthfront.com/c/affilia...
So, today what I am going to do is cover:
- Why I love passive income (and the tax benefits)
- My 6-7 Passive Income Streams
- The Secret to Making Passive Income (that no one talks about)
Timestamps:
Intro (0:00)
What is Passive Income? (1:59)
Tax Treatment of Passive Income (4:24)
Passive Income Idea #1 (6:14)
Passive Income Idea #2 (7:23)
Passive Income Idea #3 (9:15)
Passive Income Idea #4 (11:36)
Passive Income Idea #5 (13:25)
Passive Income Idea #5.5 (15:50)
Passive Income Idea #6 (17:12)
Passive Income Idea #6.5 (19:20)
Passive Income Idea #7 (21:04)
Passive Income Idea #7.5 (23:10)
Major Key! (24:15)
More Videos:
Passive Income Business Ideas: • 11 Passive Income Busi...
Don't Start a Business Until You Watch This: • Don't Start a Business...
9 Business ideas that Never Fail (95% SUCCESS RATES): • 9 Business Ideas that ...
How I Became a Millionaire: • How to Become a Millio...
5 Small Business Bank Accounts: • 5 Small Business Bank ...
Please be sure to give this video a like and subscribe to our channel so you don't miss out on future videos!
///
Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).

Опубликовано:

13 июл 2024

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 130

@LYFEAccounting Год назад

Thanks for watching! If you want more business content from me, check out my personal channel starting with this video on "Passive Income Business Ideas" ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-r2u7VKeff_s.html

@trinawalker4007 Год назад

I'm on that channel too.

@brooklyn560 Год назад

Was friends with Shawn in High School. I am so happy he and Keran are thriving together out here. Wish y’all the best

@princefavio Год назад

I heard you when you said Mailbox Money. Shout out to Nipsey may he continue to Rest In Peace. You puttin us up on much needed game ! Great video bruh.

@LYFEAccounting Год назад

💯💯 I picked that up from him! Thanks bro

@amandacnfb Год назад

Thanks for being open and honest about things! love the video

@syebethel Год назад

I appreciate your sharing this! I understand your feelings of vulnerability, but know it's helping entrepreneurial introverts like me 🙈

@FrankiSoto Год назад

I have the same motivation technique. I do it with my portfolios. Great content. I greatly appreciate your channel.

@boondocks211 Год назад

Found your channel yesterday. I had to subscribe.. luv the content

@welcometothehustle404 Год назад

Great information my brother. Keep it coming 💯💯💯

@555sunnyboy Год назад

Outstanding video!

@JaeAR20 Год назад

Yes we need a video on that !

@brucebrowder825 Год назад

Thank you so much for this informational video bruh...

@shawnjester9439 Год назад

Please make a video on passive income by breaking it down into how it's taxed and written off. Thanks Shawn Jester

@PastorJulian Год назад

Great info, especially the last one

@LYFEAccounting Год назад

Saved the best for last!

@valeriejeangrimes6967 Год назад

Wow, very informative.. thank you. I learned a lot by just listening.. Now I have to go forward..

@angelocarantino4803 Год назад

I'd love to see that video on how Passive income is taxed. It sounds fascinating c:

@LoveJoyPeacePower Год назад

Yes please, detailed video on how passive income is taxed

@OG_SOUND_ Год назад

Great video man!

@robfogleman3732 Год назад

Great job as usual

@katepowlus7549 Год назад

thanks for this video! so great

@villanuevaruth21 11 месяцев назад

Thank you, Blessing to and the hard work.

@theriseoftheunknownnheros4070 Год назад

great info

@chic90skid Год назад

omg love it thankyou

@travay6328 Год назад

Love this 💌

@michelinecaldwell8487 Год назад

Great information glad I'm a sub, I'm already in an etf, would like to expand on REITs one day, I can start a high yield acct, I like the digital products.thx for the info very needed.

@LYFEAccounting Год назад

Glad you enjoyed it, Micheline! I love Fundrise REITs, super easy.

@thecadillac6158 Год назад

Thank you!

@valeriesaltus9417 Год назад

Awesome information. Thank you so much😀

@LYFEAccounting Год назад

So nice of you

@dbest4755 Год назад

Thanks much for info

@online82witness Год назад

Thank you! 🙏😌

@LYFEAccounting Год назад

Thanks for watching, Angel 💯

@jeffdorris5321 Год назад

Nice work

@debrabailey1747 Год назад

Thanks for information

@LYFEAccounting Год назад

Thanks for watching!

@JP-wn4jn Год назад

Yes make a video series on passive income taxes

@lseh4720 3 месяца назад

I wish I had seen something like this when I was in high school. Now 40 years later, I’m appreciating your contact even though I know the stuff already. I just like watching you keep up the good work.

@ML-dq2hq Год назад

This was great! Thank you!

@LYFEAccounting Год назад

You're so welcome!

@Jayandnat Год назад

yes to how passive income is taxed! we need it!!

@makemoneyonline4350 Год назад

Fantastic video 💵💸💵💰💰💰

@Tylone_Johnson Год назад

Great video 🔥

@LYFEAccounting Год назад

Thanks 🔥

@thebiggeneraloflyfe Год назад

Awesome Information

@jayjones2840 Год назад

👏🏽 very well done sir.

@LYFEAccounting Год назад

Appreciate it, Jay!

@trinawalker4007 Год назад

Thank you for all of the information you gave us about the passive income. This has truly helped me out I am subscribed to your channel and to your other channel as well

@LYFEAccounting Год назад

Yes you are always tuned in, thanks Trina!

@marionwright2773 Год назад

This was a great video. I like that you were candid about the barriers to entry and/or certain challenges to particular ideas. So you came across as, not only knowledgeable, but super authentic and trustworthy. Keep creating!

@LYFEAccounting Год назад

I really appreciate the comment, Marion! As I said, I felt very vulnerable making this video, but I felt like it was a good message to put out. Glad you liked it

@lovesimba2366 8 месяцев назад

you are great

@Poohbify Год назад

I can't handle this right now. I'm a bit overwhelmed. I want to get started.

@JT-ob2cg Год назад

Go ahead and make that next video bro

@tigerrx7 Год назад

Now you’re getting 3.3% on Ally. Well done

@jdpark351 Год назад

Thx Sean your info is very valuable and straight to the point!

@jeffselchow5719 Год назад

Subscribed to New Channel.

@LYFEAccounting Год назад

Awesome! Thanks, Jeff!

@Art_Van_Delay Год назад

Skip to <a href="#" class="seekto" data-time="410">6:50</a> if you want to save time. You're welcome.

@LYFEAccounting Год назад

All timestamps are always in my descriptions as well!

@LAKatwoman Год назад

This was very helpful to me, Sean! I feel encouraged. I subscribed to ur new channel as well.

@LYFEAccounting Год назад

Thank you thank you! Glad you enjoyed it :)

@communitycookingchannel498 Год назад

I love your video I have a llc but have no money to start up

@LYFEAccounting Год назад

Thanks! What is your business about?

@communitycookingchannel498 Год назад

It’s a All general convenience store I think with the LLC license I can sell everything Make my biggest problem is I do not know how to find loans are hard to find grants

@communitycookingchannel498 Год назад

I have a lot of super great ideas like a laundry mat I know how to get the equipment but I do not know how to get the loan I have great experience in cooking but I do not know how to get the loan I have a great experience in Rent-A-Car service but I do not know how to get the loan

@richardly-lee Год назад

Passive income requires sweat equity. Thanks for sharing.

@ZeroDarkTrader Год назад

Needed this 🙏🏿

@LYFEAccounting Год назад

💯

@grouponful Год назад

Tmobile checking account is 4%interest on the first 3k! 1.5%interest on anything after💰💰💰

@trinitytrancitions 9 месяцев назад

I want to learn more about passive and income

@tigerboyz2505 Год назад

@<a href="#" class="seekto" data-time="314">5:14</a> the video and audio are out of sync. looks and sounds like the audio continues but the video restarts

@officiallakhara1516 Год назад

LOVE FROM INDIA

@HarryElston Год назад

Nearly always you're on the money, Sean, but this time I think you missed it with the Crypto and NFTs which are like virtual Beanie Babies!

@jacksonalouidor8342 Год назад

Are you also doing semi truck taxes?

@NOLA_Apparel504 Год назад

💯

@ivyplants Год назад

Yes to passive income tax

@marymoore4697 Год назад

Omg!!! 💎 💎 💎

@LYFEAccounting Год назад

Thanks Mary!

@josiahthornton9125 6 месяцев назад

Make the video bro!

@DylanScott-xi2qj Месяц назад

High yield saving accounts are at 4-5% rn

@tobysantistevan3667 Год назад

Do the video!

@musicalprodigy1 Год назад

I want the intro music

@demetriows1207 Год назад

I'm curious what steps or strategies you have to maintain quality of services of the passive business. You earned yourself a subscriber for your other account, appreciate the openness and emphasis on the need to invest in oneself and business before splurging.

@LYFEAccounting Год назад

That's a great thought! What do you think about a video on "How to Manage a Passive Business" ?

@demetriows1207 Год назад

@@LYFEAccounting that can work... my business is a heavy person service business and I've been having trouble finding quality people that aren't busy so perhaps a "networking to find potential partners/trusted employees" as well hah

@LYFEAccounting Год назад

@@demetriows1207 Marketing and Hiring will forever be the challenge for service-based companies. I have started to rely more heavily on personality testing because some tests will reveal traits like "integrity" and "work ethic" but hmm, I like it, I'll consider making a video like this on my personal channel

@ruel.e.i. Год назад

THIS🧠

@120paj Год назад

Question what can be applied or useful to international persons from the video?

@LYFEAccounting Год назад

I don’t think any of these ideas are limited to the US other than the rules around how passive income is taxed

@120paj Год назад

@@LYFEAccounting thank you for responding. Where can I review a trusted NFT website ? Any suggestions ?

@sbdjrbr6559 Год назад

New apps out now on every platform tell a friend repost

@jasonwayne9424 Год назад

Why not sofi? It pays 2%

@GLDad717 5 месяцев назад

How’d you calculate $100/mo with .5 APY - is that with a $25,000 balance…?

@philipparker9893 Год назад

I am seeking some investment guidance. It seems like I am never able to identify trends, options always go against me, and I can't utilize scanners efficiently. I am looking for a simple reproducible passive income strategy that supplements my income and eventually replace my wage income.

@stricklandpilman2123 Год назад

Investment needs intensive research, charting, and then to understand theta decay on options etc. so much to explain my friend. Hiring a coach maybe the correct route for you. But it’s all over the web just not in order.

@philipparker9893 Год назад

@@stricklandpilman2123

@stricklandpilman2123 Год назад

@@philipparker9893 There are good names out there, people that have shown consistency. Like Karen Marie Emma, she's currently my coach. Lookup the name , you can reach her through her home page.

@justingregory2965 Год назад

@@stricklandpilman2123 I read many testimonies of her good strategy, she's good no doubt.

@philipparker9893 Год назад

@@stricklandpilman2123 Thanks for the recommendation, she must be very good at what she does, her name is the first thing that pops up on the br0wser. She seems really solid and i have sent her a mail already hopefully she replies soon enough.

@ismaelromero6185 Год назад

Already <a href="#" class="seekto" data-time="270">4:30</a> min into the vid and not once is he saying how bruh

@tomhawk8240 Год назад

HAHAHAHAHAHAHAHA please

@kadrian03 Год назад

I would love a video on how active income is taxed

@LYFEAccounting Год назад

Noted! Thanks Latasha!

@jamesscott1687 Год назад

Even with the economic fluctuation, and the downfall of some vital crypt0’s I'm so excited I've been earning $45,000 from my $10,000 investment everyday 10days.

@flosamson6776 Год назад

🤔🤔🤔🤔

@jordanmick3435 Год назад

I get successful every week with the guidance of my BROKER and since contacting my BROKER, Georgina C Weigel , I have gained a lot with small losses, her trading strategy is top-notch.

@Art_Van_Delay Год назад

Dude, 2 minutes and you still haven't talked about the reason I clicked your video!

@Inakamo 11 дней назад

Lie

@josephineshina8196 Год назад

Despite the economic downturn I'm so happy to be receiving my profits of 56,200 from my investment of $7,500 every 14 days

@cutesparkle3228 Год назад

Thus must be an investment with Mr Margaret.

@peterthomas.. Год назад

My first trade on his signals earned me profits about 38,765.usd since then he has never failed to deliver to trades and make consistent profits for me