My 7 Sources of Passive Income (Explained)

I really hate to have to keep asking this,

but I would really appreciate it if you

press the like button because to be

honest, I'm getting a little bit fed up

with having 30%, 40% dislike ratio on

nearly every single one of my videos and

livestreams, even though I haven't done

anything bad or wrong in the last few

years. There's obviously still a couple

hundred people who have a grudge against

me and really don't like me. I don't even

know why some people would hate me so much

to the point that they would just follow

me on YouTube just so they can dislike

every single video or livestream I upload.

As soon as I upload it, I get like 100

dislikes. There must be at least 100

people with notifications turned on just

so they can dislike everything I post,

which is just— it's just really silly.

Maybe they don't like me because of

something I said or did in the past,

maybe in 2018 or 2019, and they still hold

it against me and they, for some reason,

they can't move on. But Even if I make a

video that's really, really tame and, you

know, I didn't say anything weird or bad

in it, even if it's a video about my cats,

it would get hundreds of dislikes, which I

just— I feel like it's really unfair and

undeserved. And in the real world, people

make mistakes, they own up to it, they

self-reflect, and then everyone just kind

of accepts it and moves on, and they try

not to make the same mistakes again. But

on YouTube, you make a mistake and then

you get hundreds of people who hold a

grudge against you for years and years and

years. So help me show the dislikers who's

actually in charge here. And, um,

yeah, press the like button, please.

Thanks very much. Okay, so on to the

video. I wanted to talk about, um, my

passive income streams and income streams

on the internet because I keep seeing in

the comment section all the time people

asking things like, how does he pay for

this? How does he pay for rent when he

doesn't have a job? Surely his mum is

sending him money. Surely he he gets money

from his parents, which I definitely do

not get any money from my parents or my

family. People are suspicious because they

see my channel, they think surely his

YouTube channel doesn't make much money,

it's not enough to live on. And yeah,

unfortunately that has now become true,

but YouTube is not my only source of

income. I have multiple streams of income

coming from the internet. Okay, so first

of all, I need to explain what my

definition of passive income is. I think

passive income is when you do a task and

you complete a task, and then you put it

out there onto the internet, and then it

keeps generating money year after year,

month after month, day after day. So one

of my favorite forms of passive income

would have to be having a YouTube channel.

So I have multiple YouTube channels, and I

think having a back catalog of hundreds or

possibly even thousands of videos

generating money each month is a great way

to make some extra money and everyone can

do it. Anyone can do it. You don't need

professional gear. You don't really need a

fan base or an audience either. You can

just make a video about a trending topic

and it'll probably get views after some

time. And this is one video I would like

to talk about. It's a video about a video

game called Boneworks I made on my second

channel, and I think it's a great example

of how you don't even need to have a

YouTube audience to be able to make money

and to get views on YouTube. Just pick

some kind of trending topic. And look at

this. This blue line shows how many views

it got. You got 135,000 views.

94% came from search results, not from

people who subscribed to the channel. And

here you can see how much money it made.

It made $222 in total. And this

is the line that shows how much money it

made in the first, the first 40 days. It

didn't even make $5. And maybe $222 is not

very much, but when you've got hundreds of

videos that are doing this, then it does

rack up to quite a nice amount of money

each month coming in. So I don't really

feel like I need to spend too much time

explaining that. It's pretty basic. You

just make videos, and then as long as

people keep watching the videos, even

years after you've posted it, they'll

still— the videos will still make money.

Okay, number passive income stream

is Amazon Affiliates.

So I have an Amazon Affiliates account.

Basically it means if you click my link on

Amazon and then you buy stuff, then I'll

get a small percentage. I'll get a

commission fee depending on how much you

spend. So for example, if you want to buy

this amazing USB mini Rode mic,

then I can put a link to this microphone

using my Affiliates account and in the

comment section, and then if you click on

the link and then buy it through the link,

then I'll get a small percentage of the

total price of the item. And I think it's

a pretty good way to support me if you

want to support me without just donating

or sending me money directly, because if

you donate, then you don't really get

anything in return. But if you buy stuff

on Amazon that you were going to buy

anyway, then you get the stuff from

Amazon. Plus, you know, it also helps me a

little bit. Okay, next passive income

stream is merch. Pretty self-explanatory.

I designed the t-shirts and the merch,

and then I just put it onto my store, and

then years later people can still buy it

and I can still make money off it. As you

can see, this is my merch store. We've got

lots of things. Got t-shirts, cups,

mugs, pillows, lots of t-shirts,

more cups, and I did all this artwork all

by myself on my iPad Pro. I'm not sure

why, but the merch shelf that used to

appear below videos is not there anymore.

I'm not sure why, so I'll just leave a

link to the store. It should still be

accessible that way. Okay, my next passive

income source is dividend stocks. So I've

got about £10,000 in dividend stocks,

but Basically, how a dividend stock works

is if you own the shares to some

companies, they will pay you a certain

amount of money for every share that you

own four times a year. So it's each

quarter. So if a stock has a four percent

or five percent dividend yield and you put

a thousand pounds into it, they'll give

you they'll pay you five percent of that

one thousand pounds each year. And as long

as you pick good companies that are stable

and they give they've got a good record of

paying out the dividends every single

year, then it's quite a reliable and safe

way to make passive income. Even if the

value of the stock goes up and down, it

doesn't really matter because they'll

still pay you the dividend. And I think

I've got some pretty good dividend stocks.

I've got Walgreens Boots Alliance.

Walgreens is a pretty good pharmacy.

Everyone needs pharmacies to get medicine.

They also buy snacks and other things when

they go there. I've also got Altria. They

are a tobacco company. They're famous for

Marlboro and all the cigarette stuff. And

billions of people all around the world

smoke cigarettes. And even though it's bad

for you, people don't really care because

if they want to smoke, they're going to

smoke. It's like alcohol and bacon. If

people want to drink alcohol and eat

bacon, even if it's bad for you, we want

to enjoy life. So people are always going

to be smoking and always going to be

buying cigarettes. So I think Altria is a

pretty reliable company. And I've also got

JP Morgan dividend stocks,

and it's actually better than having a

savings account. I don't know if anyone

actually uses savings accounts anymore.

What's the point? I'm sure you'll get more

money if you just put your money into a

dividend stock and get a 4 or 5% return

each year. I don't think there's savings

accounts that give you a 5% return,

5% interest each year. So instead of

putting your money into a JP Morgan or

Bank of America bank— banking savings

account, why don't you just put your

savings into the stock of the bank?

Because then you get a 2% dividend, and

it's JP Morgan. It's like the biggest bank

in all of America, backed by the

government. It's not going to fail. I

really like the idea of dividend stocks

and making money from dividends because I

think it's pretty cool that you can get

paid from a company that's working hard to

make products and delivering a service,

and you're getting a share of the revenue

when really you didn't do anything. I

mean, I just bought the shares and I'm

just sitting here playing Rainbow Six

whilst the actual workers and the people

working for the company are working hard

to bring those profits in, and then I get

a little percentage of it for basically

having nearly no contribution apart from

just buying the shares. I really have to

say my favorite way of making money is by,

by not doing anything and doing the bare

minimum while still raking in the cash.

Okay, so next we have stock gains.

So stock gains are, you know, stocks

again, but it's not really the same as a

dividend stock because you don't get

dividends. You make money from the stock

going up in value, and then you, you know,

you buy low, you sell high. It's a

different way of making money on the stock

market. There's many, many ways that you

can make money on the stock market. It's

not just buy low and sell sell high. You

can also short stuff hoping it goes down,

you make money that way. Yeah, there's

lots of different ways. I think I actually

prefer dividend investing because you

don't have to worry about buying and

selling. You just buy the shares and you

have the goal of buying more and more

shares. Problem is it takes a lot of

money. You need a lot of money to make

anything decent off of dividend. Okay,

next one is Patreon.

So I don't know why I included that, but I

guess it is a way of making money. I do

have a Patreon, but it's really, really

inactive. But I still have 5 people signed

up to it, so I'm still making like $5 a

month from Patreon even though I haven't

actually uploaded anything to it in nearly

2 years. So basically Patreon, you put

stuff onto it, people sign up to it to get

the, um, exclusive content. I'll show you

mine. So this is my Patreon. I made it a

couple years ago. I can't scroll down

because some pictures on it that might get

me into trouble. And, um, yeah,

it's kind of a failed, failed project of

mine. I just really couldn't get people to

come and sign on to it, and I wouldn't

recommend signing up to it because I have

no plans to post anything to it. I just

don't really know what to post to it.

Maybe I could post bonus footage, but I,

I just don't really have any bonus footage

of any kind. And then finally, my last

way of making passive income is OnlyFans.

My most controversial way of making money

and my most successful way of making money

has been OnlyFans for the past year. And I

think I don't really need to explain. You

post stuff onto it, people sign up and pay

for it. And I think of it as passive

income because, well, I just— I make this

stuff, I post it onto there, and then

people sign up to it and they enjoy the

content And then, yeah, you just kind of

build like a back catalog of OnlyFans

content that people want to sign up to

see, and it generates money each month

like that. So those were my 7 ways of— my

7 streams of passive income. Hope you

found that interesting, and don't forget,

press the like button. I'm sure there's

loads of other ways to make passive income

that I'm just too lazy to find out how to

do. You could buy a property and rent it

out, or you could do stock photography and

then sell it to websites, and then people

buy it, and then you, you get paid from

the photos and the videos and stuff like

that. Maybe you can make music and then

post on some website where people pay to

be able to use it in their projects.

There's all kinds of ways. Great thing

about the internet is just given us

unlimited ways of making money money by

doing basically everything and anything.

So that's all I had to say. Thanks for

watching and goodbye.