I just started out with Affiliate Marketing (idea # 8) and it is not as easy as people make out to be. For me, the hardest part so far, is learning Search Engine Optimization (SEO) and driving traffic to my website. I’m only 3 months into it, but I am confident that the site will begin to generate some incom., I have to give it 6-9 months, so we’ll see.
In order to collect rental income, you will need to purchase real estate or own real estate.  This would involve putting a down payment and then borrowing a home loan or mortgage (or if you have it all in cash, by all means!).  If real estate prices go down and you sell, you will lose money.  If real estate prices go up and you sell after collecting rent for a year, you will do well.  Just like the stock market, the real estate market is cyclical and there is inherent risk in investing in real estate.
This article was co-authored by Michael R. Lewis. Michael R. Lewis is a retired corporate executive, entrepreneur, and investment advisor in Texas. He has over 40 years of experience in business and finance, including as a Vice President for Blue Cross Blue Shield of Texas. He has a BBA in Industrial Management from the University of Texas at Austin.
Wealthsimple is the largest robo-advisor company in Canada, and it has over $1.9 billion assets under management.  It is backed by Power Financial Corporation and was created right here in Canada (Toronto), thanks to the founder and CEO of Wealthsimple, Michael Katchen (who was only 29 years old when he got $37 million in funding from Power Financial to start up Wealthsimple).

What is Google fetch?


The credit card bonuses and offers are not as good as the credit cards that our neighbours down south have, but they are still pretty good!  One of my favourites is the MBNA Rewards World Elite Mastercard and it is owned by TD Bank.  It is a straight up 2% cash back on all purchases.  I got it for free annually because I was grandfathered from another card (this no longer exists).

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However, when you lack the money, you need time. You'll need to invest the upfront time now in order to reap the benefits of automatic income later. It just doesn't happen overnight. So don't expect it to. However, you can do this without quitting your day job. All it takes is some sincere effort over a consistent period, and voila! But, to get there, you'll need to consistently burn the midnight oil or get up at the crack of dawn. Your choice.

How long does it take for a website to show up on Google?


Ebooks are one of my favorite sources of passive income. Now, you can do this the simple way and just publish it on Amazon's KDP. Or, you can go all out and build yourself a book funnel. Book funnels are powerful, but they won't be fully passive. For example, if you do a free-plus-shipping offer for your ebook (converting it into a physical book), you'll need to create some one-time offers (i.e. extra training) and up-sells (i.e. an audiobook). But, a book funnel can be very powerful.
The credit card bonuses and offers are not as good as the credit cards that our neighbours down south have, but they are still pretty good!  One of my favourites is the MBNA Rewards World Elite Mastercard and it is owned by TD Bank.  It is a straight up 2% cash back on all purchases.  I got it for free annually because I was grandfathered from another card (this no longer exists).

The robo-advisor company charges a 0.50% fee and on top of that there the fee charged for the ETFs (which is anywhere from 0.25 to 0.5% as well).  Robo-advisor companies help you rebalance your money automatically so your original asset allocation is preserved.  Basically, you can be completely hands off and all you need to do is funnel your money in there and they will invest it for you.

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GYM is a 30 something millennial interested in achieving financial freedom through disciplined saving, investing, and living a minimalist lifestyle. Before you go, check out my recommendations page of financial tools I use to save and invest money. Don't forget to subscribe for blog updates and a free dividend yield spreadsheet. Enroll in the 22,000+ word Young Money Bootcamp eCourse. Follow me on Twitter, Instagram, or Pinterest! Thank you for stopping by and hope to see you again soon!

How can I multiply money fast?


I have done everything on this list except for invest through Robo-Advisors, and there are a few on this list that have a soft spot in my heart (because I consider them absolutely effortless) and a few that I feel required a little more effort than the term ‘passive income’ allows for.  Nonetheless, whether it is passive or not really that passive, these are the best ways to earn money without spending 8 hours a day earning the money, know what I mean?

Why passive income is important?

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