Do you dream of a life where money flows in, even while you sleep?
In this solo episode of the Happy Hustle Podcast, we're diving into a topic that can set you on the path to financial freedom.
This was inspired by none other than Mr. Pat Flynn, a friend and recent guest on the Happy Hustle Podcast. Pat is the guru of smart passive income, and our conversation got me thinking about the various ways one can create income streams that practically run on autopilot.
Now, I say "almost" passive because, let's be real, you'll need to put in some elbow grease initially to set them up. But once the wheels are turning, you can sit back, relax, and watch the magic happen. These income streams can grant you more creative freedom, time freedom, and of course, that sweet, sweet financial freedom.
Here are the 14 almost passive income streams that can change your life:
Online Courses: Share your expertise and knowledge by creating online courses. Once they're up and running, they can generate income while you sip your morning coffee.
Recurring Memberships: Build a loyal community with recurring membership models. Your tribe pays monthly for valuable content or services.
Affiliates: Partner with companies and promote their products. Earn a commission for every sale made through your unique affiliate link.
Sponsorships: If you have a blog, podcast, or YouTube channel, companies may pay you to endorse their products or services.
Real Estate: Consider rental income or Real Estate Investment Trusts (REITs) to profit from property investments.
Dividend Stocks: Invest in stocks that pay dividends. Your portfolio can turn into a dividend-producing cash cow.
SaaS (Software as a Service): Create and sell software or apps that provide solutions to specific problems. Subscriptions can lead to steady income.
YouTube Channel: Turn your passion into profits by starting a YouTube channel. Ad revenue and sponsorships can roll in once you build an audience.
Revenue Share in Business: Invest in businesses and get a share of the profits. It's like owning a piece of the pie without the day-to-day hassles.
Royalties: If you're a creative genius, royalties from your music, books, or inventions can provide a continuous stream of income.
Interest from Savings & Bonds: Put your money to work in savings accounts or bonds. They may not make you rich overnight, but they'll steadily grow your wealth.
Franchise Ownership: Invest in a franchise business. Once it's up and running, you can let the managers handle the daily operations.
Automated Drop Shipping: Set up an e-commerce business with drop shipping. After the initial setup, automated processes can handle the rest.
Email Lists: Build a mailing list of engaged subscribers. You can earn by promoting products, services, or your own valuable content.
These 14 almost passive income streams have the potential to transform your financial reality.
So, what are you waiting for? It's time to take action and start building your path to financial freedom.
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“It’s time to Happy Hustle, a blissfully balanced life you love, full of passion, purpose, and positive impact!”
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