9 Passive Income Ideas: How I Make $8,000/Mo WITHOUT Working in 2023

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  • Опубліковано 21 вер 2024

КОМЕНТАРІ • 128

  • @LYFEAccounting
    @LYFEAccounting  2 роки тому +15

    Thanks for watching! If you want more business content from me, check out my personal channel starting with this video on "Passive Income Business Ideas" ua-cam.com/video/r2u7VKeff_s/v-deo.html

  • @brooklyn560
    @brooklyn560 Рік тому +12

    Was friends with Shawn in High School. I am so happy he and Keran are thriving together out here. Wish y’all the best

  • @princefavio
    @princefavio 2 роки тому +15

    I heard you when you said Mailbox Money. Shout out to Nipsey may he continue to Rest In Peace. You puttin us up on much needed game ! Great video bruh.

    • @LYFEAccounting
      @LYFEAccounting  2 роки тому +4

      💯💯 I picked that up from him! Thanks bro

  • @syebethel
    @syebethel Рік тому +9

    I appreciate your sharing this! I understand your feelings of vulnerability, but know it's helping entrepreneurial introverts like me 🙈

  • @amandacnfb
    @amandacnfb Рік тому +9

    Thanks for being open and honest about things! love the video

  • @shawnjester9439
    @shawnjester9439 Рік тому +4

    Please make a video on passive income by breaking it down into how it's taxed and written off.
    Thanks Shawn Jester

  • @raquelguerra1289
    @raquelguerra1289 Місяць тому

    Thanks Sean, yes please explain more about taxes in Pasive income. I am watching all the videos, excellent source of information.

  • @lseh4720
    @lseh4720 5 місяців тому

    I wish I had seen something like this when I was in high school. Now 40 years later, I’m appreciating your contact even though I know the stuff already. I just like watching you keep up the good work.

  • @LoveJoyPeacePower
    @LoveJoyPeacePower 2 роки тому +4

    Yes please, detailed video on how passive income is taxed

  • @angelocarantino4803
    @angelocarantino4803 Рік тому +4

    I'd love to see that video on how Passive income is taxed. It sounds fascinating c:

  • @Art_Van_Delay
    @Art_Van_Delay 2 роки тому +8

    Skip to 6:50 if you want to save time. You're welcome.

    • @LYFEAccounting
      @LYFEAccounting  2 роки тому +6

      All timestamps are always in my descriptions as well!

  • @FrankiSoto
    @FrankiSoto Рік тому +2

    I have the same motivation technique. I do it with my portfolios. Great content. I greatly appreciate your channel.

  • @marionwright2773
    @marionwright2773 2 роки тому +7

    This was a great video. I like that you were candid about the barriers to entry and/or certain challenges to particular ideas. So you came across as, not only knowledgeable, but super authentic and trustworthy. Keep creating!

    • @LYFEAccounting
      @LYFEAccounting  2 роки тому +1

      I really appreciate the comment, Marion! As I said, I felt very vulnerable making this video, but I felt like it was a good message to put out. Glad you liked it

  • @michelinecaldwell8487
    @michelinecaldwell8487 2 роки тому +5

    Great information glad I'm a sub, I'm already in an etf, would like to expand on REITs one day, I can start a high yield acct, I like the digital products.thx for the info very needed.

    • @LYFEAccounting
      @LYFEAccounting  2 роки тому

      Glad you enjoyed it, Micheline! I love Fundrise REITs, super easy.

  • @ak-loz
    @ak-loz 2 роки тому +1

    I can't handle this right now.
    I'm a bit overwhelmed.
    I want to get started.

  • @PastorJulian
    @PastorJulian 2 роки тому +3

    Great info, especially the last one

  • @JP-wn4jn
    @JP-wn4jn 2 роки тому +2

    Yes make a video series on passive income taxes

  • @tigerrx7
    @tigerrx7 Рік тому

    Now you’re getting 3.3% on Ally. Well done

  • @online82witness
    @online82witness 2 роки тому +4

    Thank you! 🙏😌

  • @ML-dq2hq
    @ML-dq2hq 2 роки тому +4

    This was great! Thank you!

  • @555sunnyboy
    @555sunnyboy 2 роки тому +2

    Outstanding video!

  • @brucebrowder825
    @brucebrowder825 2 роки тому +1

    Thank you so much for this informational video bruh...

  • @boondocks211
    @boondocks211 Рік тому

    Found your channel yesterday. I had to subscribe.. luv the content

  • @Jayandnat
    @Jayandnat 2 роки тому

    yes to how passive income is taxed! we need it!!

  • @JaeAR20
    @JaeAR20 2 роки тому +1

    Yes we need a video on that !

  • @valeriejeangrimes6967
    @valeriejeangrimes6967 2 роки тому

    Wow, very informative.. thank you. I learned a lot by just listening.. Now I have to go forward..

  • @tigerboyz2505
    @tigerboyz2505 2 роки тому +2

    @5:14 the video and audio are out of sync. looks and sounds like the audio continues but the video restarts

  • @trinawalker4007
    @trinawalker4007 2 роки тому +6

    Thank you for all of the information you gave us about the passive income. This has truly helped me out I am subscribed to your channel and to your other channel as well

    • @LYFEAccounting
      @LYFEAccounting  2 роки тому +2

      Yes you are always tuned in, thanks Trina!

  • @philipparker9893
    @philipparker9893 2 роки тому +8

    I am seeking some investment guidance. It seems like I am never able to identify trends, options always go against me, and I can't utilize scanners efficiently. I am looking for a simple reproducible passive income strategy that supplements my income and eventually replace my wage income.

    • @stricklandpilman2123
      @stricklandpilman2123 2 роки тому +2

      Investment needs intensive research, charting, and then to understand theta decay on options etc. so much to explain my friend. Hiring a coach maybe the correct route for you. But it’s all over the web just not in order.

    • @philipparker9893
      @philipparker9893 2 роки тому

      @@stricklandpilman2123

    • @stricklandpilman2123
      @stricklandpilman2123 2 роки тому +2

      @@philipparker9893 There are good names out there, people that have shown consistency. Like Karen Marie Emma, she's currently my coach. Lookup the name , you can reach her through her home page.

    • @justingregory2965
      @justingregory2965 2 роки тому +1

      @@stricklandpilman2123 I read many testimonies of her good strategy, she's good no doubt.

    • @philipparker9893
      @philipparker9893 2 роки тому +1

      @@stricklandpilman2123 Thanks for the recommendation, she must be very good at what she does, her name is the first thing that pops up on the br0wser. She seems really solid and i have sent her a mail already hopefully she replies soon enough.

  • @villanuevaruth21
    @villanuevaruth21 Рік тому

    Thank you, Blessing to and the hard work.

  • @welcometothehustle404
    @welcometothehustle404 Рік тому

    Great information my brother. Keep it coming 💯💯💯

  • @debrabailey1747
    @debrabailey1747 2 роки тому +2

    Thanks for information

  • @grouponful
    @grouponful 2 роки тому

    Tmobile checking account is 4%interest on the first 3k! 1.5%interest on anything after💰💰💰

  • @jeffselchow5719
    @jeffselchow5719 2 роки тому +2

    Subscribed to New Channel.

  • @richardly-lee
    @richardly-lee Рік тому

    Passive income requires sweat equity. Thanks for sharing.

  • @trinitytrancitions
    @trinitytrancitions 11 місяців тому

    I want to learn more about passive and income

  • @theriseoftheunknownnheros4070
    @theriseoftheunknownnheros4070 2 роки тому +1

    great info

  • @lovesimba2366
    @lovesimba2366 11 місяців тому

    you are great

  • @JT-ob2cg
    @JT-ob2cg 2 роки тому +1

    Go ahead and make that next video bro

  • @DylanScott-xi2qj
    @DylanScott-xi2qj 3 місяці тому

    High yield saving accounts are at 4-5% rn

  • @chic90skid
    @chic90skid 2 роки тому +1

    omg love it thankyou

  • @LAKatwoman
    @LAKatwoman 2 роки тому +5

    This was very helpful to me, Sean! I feel encouraged. I subscribed to ur new channel as well.

    • @LYFEAccounting
      @LYFEAccounting  2 роки тому +1

      Thank you thank you! Glad you enjoyed it :)

  • @valeriesaltus9417
    @valeriesaltus9417 2 роки тому

    Awesome information. Thank you so much😀

  • @demetriows1207
    @demetriows1207 2 роки тому +5

    I'm curious what steps or strategies you have to maintain quality of services of the passive business.
    You earned yourself a subscriber for your other account, appreciate the openness and emphasis on the need to invest in oneself and business before splurging.

    • @LYFEAccounting
      @LYFEAccounting  2 роки тому +4

      That's a great thought! What do you think about a video on "How to Manage a Passive Business" ?

    • @demetriows1207
      @demetriows1207 2 роки тому

      @@LYFEAccounting that can work... my business is a heavy person service business and I've been having trouble finding quality people that aren't busy so perhaps a "networking to find potential partners/trusted employees" as well hah

    • @LYFEAccounting
      @LYFEAccounting  2 роки тому

      @@demetriows1207 Marketing and Hiring will forever be the challenge for service-based companies. I have started to rely more heavily on personality testing because some tests will reveal traits like "integrity" and "work ethic" but hmm, I like it, I'll consider making a video like this on my personal channel

  • @OG_SOUND_
    @OG_SOUND_ 2 роки тому

    Great video man!

  • @communitycookingchannel498
    @communitycookingchannel498 2 роки тому +1

    I love your video I have a llc but have no money to start up

    • @LYFEAccounting
      @LYFEAccounting  2 роки тому +1

      Thanks! What is your business about?

    • @communitycookingchannel498
      @communitycookingchannel498 2 роки тому +1

      It’s a All general convenience store
      I think with the LLC license I can sell everything
      Make my biggest problem is I do not know how to find loans are hard to find grants

    • @communitycookingchannel498
      @communitycookingchannel498 2 роки тому +1

      I have a lot of super great ideas like a laundry mat I know how to get the equipment but I do not know how to get the loan
      I have great experience in cooking but I do not know how to get the loan
      I have a great experience in Rent-A-Car service but I do not know how to get the loan

  • @thebiggeneraloflyfe
    @thebiggeneraloflyfe Рік тому

    Awesome Information

  • @thecadillac6158
    @thecadillac6158 2 роки тому

    Thank you!

  • @travay6328
    @travay6328 Рік тому

    Love this 💌

  • @makemoneyonline4350
    @makemoneyonline4350 2 роки тому

    Fantastic video 💵💸💵💰💰💰

  • @dbest4755
    @dbest4755 2 роки тому

    Thanks much for info

  • @jeffdorris5321
    @jeffdorris5321 2 роки тому

    Nice work

  • @GLDad717
    @GLDad717 8 місяців тому

    How’d you calculate $100/mo with .5 APY - is that with a $25,000 balance…?

  • @jayjones2840
    @jayjones2840 2 роки тому

    👏🏽 very well done sir.

  • @Growtolife
    @Growtolife 2 роки тому

    Great video 🔥

  • @ivyplants
    @ivyplants Рік тому

    Yes to passive income tax

  • @josiahthornton9125
    @josiahthornton9125 8 місяців тому

    Make the video bro!

  • @tobysantistevan3667
    @tobysantistevan3667 Рік тому

    Do the video!

  • @jdpark351
    @jdpark351 2 роки тому

    Thx Sean your info is very valuable and straight to the point!

  • @officiallakhara1516
    @officiallakhara1516 2 роки тому

    LOVE FROM INDIA

  • @HarryElston
    @HarryElston Рік тому

    Nearly always you're on the money, Sean, but this time I think you missed it with the Crypto and NFTs which are like virtual Beanie Babies!

  • @120paj
    @120paj 2 роки тому

    Question what can be applied or useful to international persons from the video?

    • @LYFEAccounting
      @LYFEAccounting  2 роки тому +1

      I don’t think any of these ideas are limited to the US other than the rules around how passive income is taxed

    • @120paj
      @120paj 2 роки тому

      @@LYFEAccounting thank you for responding. Where can I review a trusted NFT website ? Any suggestions ?

  • @jacksonalouidor8342
    @jacksonalouidor8342 2 роки тому

    Are you also doing semi truck taxes?

  • @ZeroDarkTrader
    @ZeroDarkTrader 2 роки тому +1

    Needed this 🙏🏿

  • @musicalprodigy1
    @musicalprodigy1 2 роки тому

    I want the intro music

  • @jasonwayne9424
    @jasonwayne9424 Рік тому

    Why not sofi? It pays 2%

  • @kadrian03
    @kadrian03 2 роки тому +2

    I would love a video on how active income is taxed

  • @sbdjrbr6559
    @sbdjrbr6559 2 роки тому

    New apps out now on every platform tell a friend repost

  • @tomhawk8240
    @tomhawk8240 Рік тому +1

    HAHAHAHAHAHAHAHA please

  • @jamesscott1687
    @jamesscott1687 2 роки тому +1

    Even with the economic fluctuation, and the downfall of some vital crypt0’s I'm so excited I've been earning $45,000 from my $10,000 investment everyday 10days.

    • @flosamson6776
      @flosamson6776 2 роки тому +1

      🤔🤔🤔🤔

    • @jordanmick3435
      @jordanmick3435 2 роки тому

      I get successful every week with the guidance of my BROKER and since contacting my BROKER, Georgina C Weigel , I have gained a lot with small losses, her trading strategy is top-notch.

  • @ismaelromero6185
    @ismaelromero6185 2 роки тому +1

    Already 4:30 min into the vid and not once is he saying how bruh

  • @ruel.e.i.
    @ruel.e.i. Рік тому

    THIS🧠

  • @marymoore4697
    @marymoore4697 2 роки тому

    Omg!!! 💎 💎 💎

  • @NOLA_Apparel504
    @NOLA_Apparel504 2 роки тому

    💯

  • @Art_Van_Delay
    @Art_Van_Delay 2 роки тому +1

    Dude, 2 minutes and you still haven't talked about the reason I clicked your video!

  • @josephineshina8196
    @josephineshina8196 2 роки тому +32

    Despite the economic downturn I'm so happy to be receiving my profits of 56,200 from my investment of $7,500 every 14 days

    • @cutesparkle3228
      @cutesparkle3228 2 роки тому

      Thus must be an investment with Mr Margaret.

    • @peterthomas..
      @peterthomas.. 2 роки тому

      My first trade on his signals earned me profits about 38,765.usd since then he has never failed to deliver to trades and make consistent profits for me

    • @a.k5675
      @a.k5675 2 роки тому

      Yes Margaret is a good Broker I see he has really made a name for himself on here

    • @elvisjames8351
      @elvisjames8351 2 роки тому

      He taught me how to navigate the trade market and earn for myself till date. He is good at what he does I give him that

    • @jennyclara4159
      @jennyclara4159 2 роки тому

      How do I connect with this broker please?? I've lost enough trading on my own

  • @Inakamo
    @Inakamo 2 місяці тому

    Lie

  • @robfogleman3732
    @robfogleman3732 Рік тому

    Great job as usual