9 Passive Income Ideas: How I Make $8,000/Mo WITHOUT Working in 2023
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)
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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).
Пікірлер: 130
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" kzread.info/dash/bejne/pGapmbiElcnMj9Y.html
@trinawalker4007
Жыл бұрын
I'm on that channel too.
Was friends with Shawn in High School. I am so happy he and Keran are thriving together out here. Wish y’all the best
Thanks for being open and honest about things! love the video
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
Жыл бұрын
💯💯 I picked that up from him! Thanks bro
I appreciate your sharing this! I understand your feelings of vulnerability, but know it's helping entrepreneurial introverts like me 🙈
I have the same motivation technique. I do it with my portfolios. Great content. I greatly appreciate your channel.
Please make a video on passive income by breaking it down into how it's taxed and written off. Thanks Shawn Jester
I'd love to see that video on how Passive income is taxed. It sounds fascinating c:
Found your channel yesterday. I had to subscribe.. luv the content
Wow, very informative.. thank you. I learned a lot by just listening.. Now I have to go forward..
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
Жыл бұрын
Glad you enjoyed it, Micheline! I love Fundrise REITs, super easy.
Great information my brother. Keep it coming 💯💯💯
Yes please, detailed video on how passive income is taxed
Outstanding video!
Great info, especially the last one
@LYFEAccounting
Жыл бұрын
Saved the best for last!
Thank you so much for this informational video bruh...
Yes we need a video on that !
Thank you, Blessing to and the hard work.
Great video man!
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.
Great job as usual
@5:14 the video and audio are out of sync. looks and sounds like the audio continues but the video restarts
Yes make a video series on passive income taxes
thanks for this video! so great
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
Жыл бұрын
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
Love this 💌
Awesome information. Thank you so much😀
@LYFEAccounting
Жыл бұрын
So nice of you
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
Жыл бұрын
Yes you are always tuned in, thanks Trina!
great info
omg love it thankyou
yes to how passive income is taxed! we need it!!
Thank you! 🙏😌
@LYFEAccounting
Жыл бұрын
Thanks for watching, Angel 💯
Thanks for information
@LYFEAccounting
Жыл бұрын
Thanks for watching!
Thank you!
I can't handle this right now. I'm a bit overwhelmed. I want to get started.
This was great! Thank you!
@LYFEAccounting
Жыл бұрын
You're so welcome!
Fantastic video 💵💸💵💰💰💰
Thanks much for info
Awesome Information
Nice work
👏🏽 very well done sir.
@LYFEAccounting
Жыл бұрын
Appreciate it, Jay!
Great video 🔥
@LYFEAccounting
Жыл бұрын
Thanks 🔥
Now you’re getting 3.3% on Ally. Well done
Go ahead and make that next video bro
you are great
Subscribed to New Channel.
@LYFEAccounting
Жыл бұрын
Awesome! Thanks, Jeff!
Are you also doing semi truck taxes?
Thx Sean your info is very valuable and straight to the point!
Skip to 6:50 if you want to save time. You're welcome.
@LYFEAccounting
Жыл бұрын
All timestamps are always in my descriptions as well!
Tmobile checking account is 4%interest on the first 3k! 1.5%interest on anything after💰💰💰
I love your video I have a llc but have no money to start up
@LYFEAccounting
Жыл бұрын
Thanks! What is your business about?
@communitycookingchannel498
Жыл бұрын
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
Жыл бұрын
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
This was very helpful to me, Sean! I feel encouraged. I subscribed to ur new channel as well.
@LYFEAccounting
Жыл бұрын
Thank you thank you! Glad you enjoyed it :)
I want to learn more about passive and income
Passive income requires sweat equity. Thanks for sharing.
Question what can be applied or useful to international persons from the video?
@LYFEAccounting
Жыл бұрын
I don’t think any of these ideas are limited to the US other than the rules around how passive income is taxed
@120paj
Жыл бұрын
@@LYFEAccounting thank you for responding. Where can I review a trusted NFT website ? Any suggestions ?
LOVE FROM INDIA
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!
I want the intro music
Why not sofi? It pays 2%
Needed this 🙏🏿
@LYFEAccounting
Жыл бұрын
💯
How’d you calculate $100/mo with .5 APY - is that with a $25,000 balance…?
Yes to passive income tax
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
Жыл бұрын
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
Жыл бұрын
@@stricklandpilman2123
@stricklandpilman2123
Жыл бұрын
@@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
Жыл бұрын
@@stricklandpilman2123 I read many testimonies of her good strategy, she's good no doubt.
@philipparker9893
Жыл бұрын
@@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.
High yield saving accounts are at 4-5% rn
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
Жыл бұрын
That's a great thought! What do you think about a video on "How to Manage a Passive Business" ?
@demetriows1207
Жыл бұрын
@@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
Жыл бұрын
@@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
Make the video bro!
Do the video!
New apps out now on every platform tell a friend repost
💯
Already 4:30 min into the vid and not once is he saying how bruh
THIS🧠
HAHAHAHAHAHAHAHA please
Omg!!! 💎 💎 💎
@LYFEAccounting
Жыл бұрын
Thanks Mary!
I would love a video on how active income is taxed
@LYFEAccounting
Жыл бұрын
Noted! Thanks Latasha!
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
Жыл бұрын
🤔🤔🤔🤔
@jordanmick3435
Жыл бұрын
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.
Dude, 2 minutes and you still haven't talked about the reason I clicked your video!
Lie
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
Жыл бұрын
Thus must be an investment with Mr Margaret.
@peterthomas..
Жыл бұрын
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
@a.k5675
Жыл бұрын
Yes Margaret is a good Broker I see he has really made a name for himself on here
@elvisjames8351
Жыл бұрын
He taught me how to navigate the trade market and earn for myself till date. He is good at what he does I give him that
@jennyclara4159
Жыл бұрын
How do I connect with this broker please?? I've lost enough trading on my own