21 BEST Passive Income Ideas For A Freedom Lifestyle | 2024

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  • Опубліковано 18 вер 2024

КОМЕНТАРІ • 72

  • @mamigagi
    @mamigagi 4 роки тому +4

    Ken & Mary, your videos are excellent!
    I'm 25, started my professional career two years ago and have (over those two years) desperately been looking for all-round advice on how to use my current position to grow financially and reach financial independence. You do such a great job at listing the ideas and then linking those to your other videos which further explain those ideas in detail. I will be watching your videos over time (expect more comments :)) and using your tips to develop my life!
    Thank you!

    • @TheHumblePenny
      @TheHumblePenny  4 роки тому

      Hey Stefan, fantastic!! 😀
      You're at an AMAZING age. I really began my journey at around 25 properly. So you have a very bright future ahead of you mate. Apply the ideas and flourish!

  •  2 роки тому +1

    Hello Ken, today I listened to 6 videos of yours on youtube and I think I have stayed spiritually and energetically conected. Today I started with how to create a company in the United Kingdom and each of your videos has led me to several more that motivate me to see. I am of Caribbean origin aswell because I am a national of Cuba and in 2017 I graduated from an MBA program at Roehapton University in London, and now I am in London, looking forward to register a company as a non-resident businessman at UK Company House. I am also very interested in learning how to create digital businesses and several sources of pasive incomes that I have been observing for a long time. I just want to thank you and your team, and I really like the way you explain and relate to your audiences. Now I just received an email inviting me to one of your programs that I hope to enjoy, learn and grow as a person and businessman.

    • @TheHumblePenny
      @TheHumblePenny  2 роки тому

      WOW, your message has made my day 😊🙌🏾. I'm so pleased to hear that our work is having such a powerful impact on your life. I look forward to hopefully working with you and helping to take your business to another level. Thank you for watching our videos 🙏🏾

  • @oluwasegunbankole8507
    @oluwasegunbankole8507 4 роки тому +2

    Ken and Mary! Thanks again! I liked the summary table at the end too!

  • @omoribakeikumoluyi9111
    @omoribakeikumoluyi9111 11 днів тому +1

    The score and ranking is such a brilliant idea. Thank you for sharing your creativity with the world. I'll definitely be using this. Thanks again.

  • @Eka5304
    @Eka5304 4 роки тому +4

    Hi Ken, I’m a new subbie - I’ve been thinking of blogging will seriously consider this. Thanks for your videos I’ve been binge watching!!

    • @TheHumblePenny
      @TheHumblePenny  4 роки тому

      Welcome 😉. Blogging will change your life if you take it SERIOUSLY!

    • @Eka5304
      @Eka5304 4 роки тому +1

      Thank u!

  • @yewilove1
    @yewilove1 4 роки тому +2

    I thoroughly enjoyed this video! It sparked off so many ideas while simultaneously focusing my thoughts which have been all over the place for several weeks! The dots are finally connecting! Thank you!

    • @TheHumblePenny
      @TheHumblePenny  4 роки тому

      Awesome!! 😀. Which of the ideas do you think you'll pursue?

    • @yewilove1
      @yewilove1 4 роки тому

      @@TheHumblePenny I'm going to develop a course. Initially I was heading down the one-on-one route for sharing information I believe will be useful to the population I have in mind. But with my lifestyle and job demands, a course makes a lot more sense 😊

  • @outdoorsman1140
    @outdoorsman1140 4 роки тому +4

    Great idea to score and rank them, very useful - Thanks.

    • @TheHumblePenny
      @TheHumblePenny  4 роки тому

      Thanks, Chris. Glad to hear you found it useful.

  • @1234nfd
    @1234nfd 4 роки тому +6

    Hi Ken. I have no financial background at all. I totally don't understand stocks, bonds and efs for example. are you able to demonstrate these things?

    • @TheHumblePenny
      @TheHumblePenny  4 роки тому +2

      Yes ofcourse. You asked about the workshops right? I await your email.
      For now, I'd recommend checking out our investing course for complete beginners. Created to give you Investing Confidence in 12 days:
      thehumblepenny.com/SuperSimpleInvesting

    • @JustFrugalMe
      @JustFrugalMe 4 роки тому

      Stocks and bonds are individual companies and securities. Mutual funds and ETFs are pooled, where the money of a number of investors is taken together to buy large blocks or large collections of securities.

  • @hmany7463
    @hmany7463 4 роки тому +3

    Love these type of videos, thank you xx

    • @TheHumblePenny
      @TheHumblePenny  4 роки тому

      Thanks, Heidi. Do share with others who will find it useful

  • @ThisIsOurRetirement
    @ThisIsOurRetirement 4 роки тому +1

    Excellent video some great ideas, we have done a few of these.

  • @evangelistjoshua
    @evangelistjoshua 4 роки тому +2

    Great video

  • @kimmacha02
    @kimmacha02 4 роки тому +2

    Thank you sooo much for making this video! New subscriber here! :)

  • @EuanCopeland
    @EuanCopeland 4 роки тому +2

    Great Video as always Ken! It's interesting to see how many of these you have tried - which one of these is the most fun/enjoyable for yourselves? 😊

    • @TheHumblePenny
      @TheHumblePenny  4 роки тому +1

      Very good question! I love running a blog and the UA-cam channel. I also love creating courses and working towards a Membership offering. EBooks is also another one. And ofcourse dividend income from investing. What about you? Which are you exploring or considering?

    • @EuanCopeland
      @EuanCopeland 4 роки тому +1

      The Humble Penny Thanks! I thought that they might be the top one - i just find it so amazing that anyone can start a blog or a YT channel and make money from it (if you put the work in of course!). I am attempting to build up my influence online and then hopefully affiliate marketing will come into play! We are also saving for a house so using the Lifetime ISA in which the government gives you 25% of what you save up to £4k which is technically passive income because we don’t have to do anything but save aha! 😊

    • @TheHumblePenny
      @TheHumblePenny  4 роки тому +1

      @@EuanCopeland I share your amazement about the possibility of making an income from sources such as blogging and UA-cam channel, etc. Had I not explored them and put the work in and hence results, I would probably struggled to believe it. Hence why I'm encouraging as many people as possible to put in the work, provide value and enjoy the many monetary and non-monetary rewards that follow 😀

    • @EuanCopeland
      @EuanCopeland 4 роки тому +1

      The Humble Penny ...and we applaud you for doing so! Looking forward to (hopefully) following in your footsteps! 😊

    • @TheHumblePenny
      @TheHumblePenny  4 роки тому +1

      @@EuanCopeland ;)

  • @ralucauk
    @ralucauk 4 роки тому +1

    really good content! thanks, Ken!

  • @ivyxmxk
    @ivyxmxk 3 роки тому +1

    Love your content Ken and Mary! Very informative. What website would you recommend to sell career course content I’ve already created please?

    • @TheHumblePenny
      @TheHumblePenny  3 роки тому +1

      Hey Ivy, we'd recommend Thinkific -
      thehumblepenny.com/Thinkific
      Or Teachable thehumblepenny.com/Teachable
      Do you already have an audience?

    • @ivyxmxk
      @ivyxmxk 3 роки тому

      @@TheHumblePenny thanks so much, I have a very small audience

  • @Insightology
    @Insightology 4 роки тому +2

    This is amazing!!!

  • @chiller2512
    @chiller2512 4 роки тому +2

    Some of my major obsticles is not having the tech knowledge to create things like blogs etc

    • @TheHumblePenny
      @TheHumblePenny  4 роки тому +2

      Mark, I wish I was telling you this face to face. Listen mate, this stuff can be learned. EVERYTHING you see here and on my blog began with ZERO tech knowledge on the 3rd December 2017.
      All i have done is applied the belief that with 2 hours a day, i can learn these digital skills ans change my world. It's exactly what's happening today.
      You too can do the same! 100%

  • @ludt4915
    @ludt4915 4 роки тому +2

    Thank you for this video.

  • @suehadz101
    @suehadz101 4 роки тому +5

    How can you then make make money from your blogging in a way that’s not YouTubing or podcasting?

    • @TheHumblePenny
      @TheHumblePenny  4 роки тому +7

      Hi Su
      Great question. A good way to think about blogging is as a marketing department of a business. As such, that then offers clues as to how to monetise a blog depending on what the actual business is that the blog is marketing.
      We generate income from our blog through some of the following ways:
      1) Ad revenue - We get paid by MediaVine. They deliver ads to our blog and we have a revenue share. 75% to us and 25% to them.
      2) Sponsorships - We create sponsored content periodically with major brands. We then mark-up that piece of work with pricing around sharing the content on various channels.
      3) Affiliate Marketing - We get paid to market other people's products provided they will add value to our audience.
      4) Course sales - We create and sell online courses. See FinancialJoyAcademy.com for examples.
      5) Coaching income - We offer 121 coaching once in a while.
      6) Speaking engagements - We get paid to speak at events and conferences
      7) Workshops - We host workshops once in a while and get paid.
      8) Memberships - This is something new for 2020 on the link I shared above.
      There are many more ways but the above is what we currently do. Does that help? 😀

  • @RealEverydayEnglish
    @RealEverydayEnglish 4 роки тому +1

    Where do you live Ken? Reason I ask is in the example you gave an example of £700 per month for a room.
    Here in the north west you could rent a mansion for that 🤣🤣
    Great video mate. Keep up the good work.

    • @TheHumblePenny
      @TheHumblePenny  4 роки тому +1

      😂 I was renting out a room in my flat in Zone 4 London almost 10 years ago for £550 back then... So I added a bit more

    • @RealEverydayEnglish
      @RealEverydayEnglish 4 роки тому

      The Humble Penny Yeh, rent prices are on another level in the capital. Thanks for sharing.

  • @bradfieldw
    @bradfieldw 4 роки тому +2

    What happened to your book recommendation video? Can't seem to locate it

    • @TheHumblePenny
      @TheHumblePenny  4 роки тому

      William, I've never done a stand alone book recommendations video. Although now that you say it, I will explore making one.
      I have recommeded books in my videos on mindset. The ones I do in the car.
      Like this one:
      ua-cam.com/video/cntfb1fsS8k/v-deo.html

    • @bradfieldw
      @bradfieldw 4 роки тому +1

      @@TheHumblePenny Apologies. That was the one 👍

  • @kerrylow6894
    @kerrylow6894 4 роки тому +2

    Hello quick question. What size of pension pot would i need to generate 15k of income a year. So far that's our guarenteed pension from our gvmnt days (also rises with inflation so guarenteed what 15k is worth in the future too) lovibg the content, k

    • @TheHumblePenny
      @TheHumblePenny  4 роки тому +3

      Hi Kerry
      You'd need at least £375k. I.e. £15k/4%. Or £15k x 25.
      Thanks for supporting the channel 😀. Do share it with others.

    • @kerrylow6894
      @kerrylow6894 4 роки тому +2

      @@TheHumblePenny thanks im using pension in net worth calculation... Goal is 1 million net worth, retiring in 10 years!

    • @TheHumblePenny
      @TheHumblePenny  4 роки тому +1

      I like your thinking! 😉. It's definitely doable

    • @kerrylow6894
      @kerrylow6894 4 роки тому +2

      @@TheHumblePenny at 700k so far but its all pensions and equity so invisible wealth. Once house paidcandcat the rate im topping up pension the figures look great. Im excited. Then i can travel and help tge choldren get themselves set up and spend my 50s and beyond with them! Thats my why. :.)

    • @TheHumblePenny
      @TheHumblePenny  4 роки тому +1

      @@kerrylow6894 £700k networth is AMAZING!! 💪🏾💪🏾

  • @JustFrugalMe
    @JustFrugalMe 4 роки тому

    Great video!

    • @TheHumblePenny
      @TheHumblePenny  4 роки тому

      👊🏼. Which of the ideas are you exploring?

  • @oluwasegunbankole8507
    @oluwasegunbankole8507 4 роки тому +1

    The thinkific link isn't in the desription!!

  • @babieos5988
    @babieos5988 4 роки тому +1

    ETF and index , Peer 2 peer. I wish there can be a well detailed video. Dat mine interest

    • @TheHumblePenny
      @TheHumblePenny  4 роки тому

      Here is a detailed video on ETFs & Index Funds:
      ua-cam.com/video/dtEPOqfIxRI/v-deo.html

  • @CareerCoachErnestEnabulele
    @CareerCoachErnestEnabulele 4 роки тому

    Hi, can l create app for interview coaching booking?

  • @CareerCoachErnestEnabulele
    @CareerCoachErnestEnabulele 4 роки тому +1

    Hi, nice video , l offer interview coaching services which platform can I use to create interview coaching course to generate income?

  • @simonsaunders5098
    @simonsaunders5098 4 роки тому

    fantastic ideas... blocks out my wife nagging me

  • @ese4368
    @ese4368 4 роки тому +1

    Rent a room out thats easiest and you can earn lots tax free...even more cash only (wink)

  • @TheHumblePenny
    @TheHumblePenny  4 роки тому +1

    ★★ LINKS MENTIONED IN THE VIDEO ★★
    FINANCIAL JOY ACADEMY - www.FinancialJoyAcademy.com
    TUTORIAL: How To Start A Blog - thehumblepenny.com/blogging
    21 Passive Income Ideas BLOG - thehumblepenny.com/passive-income-ideas-for-a-freedom-lifestyle
    UA-cam MONETIZATION video - ua-cam.com/video/yqAJpx1rg6k/v-deo.html
    SHOPIFY - thehumblepenny.com/Shopify
    RATESETTER (peer to peer lending) - thehumblepenny.com/Ratesetter
    Index Funds vs ETFs - ua-cam.com/video/dtEPOqfIxRI/v-deo.html
    How To Invest In Stocks For Beginners - ua-cam.com/video/u4n8f-YL5_I/v-deo.html
    THINKIFIC (Course & Memberships platform) - thehumblepenny.com/Thinkific
    9 BEST PASSIVE INCOME IDEAS (1000+ per month) - ua-cam.com/video/qwn_Gc46ahE/v-deo.html
    Just Park (Rent out driveway) - thehumblepenny.com/JustPark
    SHOPIFY (Create Ecommerce store) - thehumblepenny.com/Shopify
    BUDGET FOR LIFE - thehumblepenny.com/BudgetForLife