How To QUIT Your Job With Passive Income (Step By Step)
Published: 2022-03-02
Status:
Available
|
Analyzed
Published: 2022-03-02
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
VT Sachs index fund historically grows by 8% annually, adjusted for inflation and including reinvested dividends.
"something like VT Sachs has historically gone up about 8% a year, adjusted for inflation with dividends reinvested."
Pending
To earn $100 a day from index funds with an 8% return, an investment of $460,000 is required. However, investing $416 monthly could achieve this daily income in just over 25 years.
"earning $100 a day is going to require an investment of $460,000, which I get is a lot of money. However, that doesn't mean that you can't build up to it over time. If you're able to invest $416 a month into buying an index fund like this on a regular basis in just over 25 years, that'll grow to the point of earning $100 a day, even if you did nothing else in this entire video."
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AT&T offers a dividend yield of nearly 9%, and 3M offers 4.5%.
"AT&T pays you almost 9%, 3M pays you 4.5%"
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A portfolio of high-paying dividend stocks could generate $100 per day with an investment of approximately $500,000, not accounting for potential stock appreciation.
"if you were to just pick a list of high-paying dividend stocks, then you could potentially earn $100 a day with as little as $500,000, not including the value of the stock also potentially increasing at the exact same time."
Pending
By investing $20 daily into AT&T and reinvesting dividends, one could earn $100 per day from dividends alone in under 20 years.
"if you were to start with nothing and just invest $20 a day into the stock while reinvesting all the dividends, you could reach $100 a day just from dividends in less than 20 years."
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REITs are recommended for incorporation into a portfolio for the long term to achieve an income of $100 per day.
"if you want to earn $100 a day, this is probably something that I would recommend you incorporate into your portfolio for the long term."
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By repeating the described real estate investment process every other year, one could achieve $100 per day in passive income in under 7 years, excluding mortgage equity build-up.
"if you could repeat this process once every other year, you could make $100 a day in passive income in less than 7 years, not even counting the equity you build from paying down the mortgages at the exact same time."
Pending
Earning an extra $500 per month by renting out a room, when reinvested into index funds, could lead to $100 per day in passive income within 20 years.
"earning an extra $500 a month could be plenty of money to reinvest back into more index funds like I mentioned earlier. And hey, in 20 years, that gets you $100 a day, even if you decide to never have another roommate ever again in your entire life."
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The Points Guy Blog lists eight current offers for credit card sign-up bonuses that could yield over $1,500 with minimal effort per offer.
"The Points Guy Blog, who lists eight current offers that you could redeem right now, giving you well over $1,500 in value from maybe 10 minutes of work each."
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Treating a YouTube channel as a full-time job and consistently engaging the algorithm through calls to action may lead to success.
"if you treat it like a full-time job and you constantly feed the YouTube algorithm by asking people to like and subscribe, then maybe it could work out in your favor."
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An individual was making up to $50,000 monthly by writing ebooks on Amazon with an initial investment of a few hundred dollars.
"making up to $50,000 a month writing ebooks on Amazon in his spare time. His total investment was a few hundred."
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Ranking on Google for niche keywords through website building could generate several hundred to a few thousand dollars per month with only a few hours of work monthly, though not entirely passive.
"would rank on Google for very niche keywords that would make anywhere from a few hundred to a few thousand a month, like ranking the best trampolines and other random ideas. It wasn't entirely passive, but for a few hours of work every single month, it made quite a big return."
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Renting garage spaces from homeowners and subleasing them for storage at a higher price can be a profitable strategy.
"rent out unused garage spaces from homeowners and then subleas that space at an even higher price to other people who needed storage."
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