I was skeptical about trading bitcoin until I was introduced to Jonathan Nicholas and I must say I'm comfortable and also understanding all the steps in this bitcion trading
the rest of the video is way more reliable than the trading part... Trading as I see it is for when it doesn't hurt you to loose money, not when you scratched up like 1000 hard earned dollars that you actually need
In general, I am not a big fan of videos on passive income but I think you did here a very nice compelling and informative video as well as being quite realistic with the possible outcomes. Well done old chap!
The guy makes a big drum roll and creates enormous suspense by telling this is something I never heard of and no one is talking about just to tell you at the end "invest your money into index funds because of inflation" .. WOW xD congratulations, you just said exactly what every UA-camr says about money
Hey Kalle, Honesty in the advise you give is what has led you to gain more and more followers throughout time. Likewise, this is the same vital ingredient to add/have for anyone looking to become successful - at anything! Also, a complete course of how to build an App from "Scratch to ]ublishing" with do's and don'ts will definitely be of great help to your followers... Love and respect for you, bro...
I was in Argentina in 2008 and had about 100 pesos leftover that I held onto in case I went back. At the time it was worth 30 USD. I just checked recently and realized it was only 1 USD now...
"Build for free, earn for life" assumes that people you build for have a perpetually profitable business model and won't scam you. I wouldn't make that assumption that easily.
@@leogaudin4959 You just have a couple of lines in your code that calls an API on a server that you own, which will identify itself as code from CompanyX and check to see if CompanyX is still paying you. If they're not, you can stop the code from working.
Another way I make passive income as a freelance developer is to charge a maintenance fee for every project, you can price it at around 10% of the project cost yearly or 4% monthly. that way when you finish a project you make passive income from them.
I do the same while using Netcup as Hoster because they offer that as concept - customers rent servers over me and get maintenance, i get 10% from the fee that Netcup gets. You could combine this with teaching when making videos about how to setup the services. Meanwhile thats also marketing for the customer and yourself
@@99Gara99 Yes. These companies will have to hire someone to fix issues. If you price it cheap and convenient for them, they'll take it. However, it's only passive until you actually have to do maintenance.
The android/ios games are not as popular as they were in the past. Now it is hard to gain any popularity because there is a lot of competition and the market is saturated. Even if you make unique game you would have to invest a lot to get any traction. Maybe 5 years ago it was possible, now I my humble opinion it is not. At least not for small game dev with zero budget
like he said just make a site for a new business. If you live in a big city, that's even better. Find a local business that doesn't have a web app yet and make one for them.
The games like hill climb racing, subway surfers were legendary and made billions even though they are so simple to make. At that time it was something new and people got interested in it but now there are so many games on the store that chances of your game being noticed without ads are almost 0.
I looked online and it says around 6% inflation no way its for 45% bro even tho six percent insane and just sad for the people saving their money in those countries
Saying that it's "almost a guarantee" to get financial independent through buy / sell stock is a very dangerous advice. You make it sound like there is almost no risk. Guys only invest the money that you can afford to lose. The whims of the financial market have ruined a lot of people, don't think it only happens to other people
Well yes so you’re saying the same thing I said then, invest money you can afford to lose. Like for instance passive income that you’re not working for. Btw I think you’re comment is great and it’s good to again point out that people need to be smart! Me saying it’s almost a guarantee is referring to someone who does what I’m saying which is literally study up a lot for each investment that is made, analyse the result, improve. Over a lifetime I believe most people who actually implement this will pretty much be guaranteed to have made way more than they lose. Especially if implementing stop losses and things like that. Sometimes one might lose money, sometimes one might not gain that much, and sometimes the input will be multiplied. I think overall a person who does this should be able to avoid massive loss and hit a few massive wins in their lifetime which will equal overall net positive especially if the person starts moving away from publicly traded stock and into angel investment, real estate, investing in their own business ideas and or friends ideas. Potentially starting by investing salary into index funds until the total savings in index funds (excluding the profits) is large enough to then take out only what you’ve put in (and leaving the profits in the index fund) and venture into those sort of investments described above.
@@Hallden_ A lot of people don't talk about this. Thanks a ton man. You are actually making people think and that's hard to find in many of the influencers out there. Keep posting more meaningful stuff. Kudos to you.
Well for most people that's the case but for long term holders people just know that if the stocks go down not to cash out, take Bitcoin for a prime example, it had a massive crash a few years back, the people who cashed out on the loss were the losers, the people who kept tyheir money in it, a few years later has gone up. Everything will recover eventually btu for most people who are knew tothe stocks they would see they've lost half their money and want it to stop, therefore cashing out, so yes it is an almost guarantee.
@@Hallden_ I love your content but you are treading on thin ice here when you are using words like "investing" and "stop-losses" in the same sentence. If you are a trader then yes you can use stop/losses if you choose to but when you invest in a company for the long term, the current price does not matter. (if you invest for the long term and used stop/losses those would ALL have triggered in March 2020 during the Corona panic at the same time and you would be close to being broke now) Like Buffet recently said again: “Imagine for a moment that you decided to invest money now and you bought a farm,” “Let's say you bought 160 acres...and the farmer next to you had 160 identical acres, same contour, same soil quality.” Now, imagine that the farmer who has the same farm as yours makes you an offer every day to either sell his farm to you or buy yours, he continued. “That's a very obliging neighbor,” Buffett said. This pricing advantage is something you don’t get with farms, but you get with stocks, according to Buffett. Buying stocks - like buying a farm - means you’re buying into a business. But with stocks, you have an added advantage of having that neighbor - or other investors - giving you a price for your farm every day. “The only thing you have to do is remember that this guy next door is there to serve you and not to instruct you,” Buffett said. “You bought the farm because you thought the farm had the potential. You don’t need a quote on it.”
@Vlad Constantin Coman That's kind of a technicality. On many financial statements there are 2 lines: net profit before taxes and net profit after taxes (i.e. final net profit). It's profit before taxes, but hard to say if that's still true after the government gets their mitts on it.
Exchange them to dollars, or even better gold, gold is expensive now but I don't think it will ever drop 50% in a year, but it will certainly get more expensive in 10 years
@@bassam_salim Are you sure? With asteroid mining ahead and it already being overpriced 50 times compared to its industrial value. I would consider Gold being in the same high risk investment category like BTC. Better buy ETFs, those are considered low-risk.
Hey Kalle, thanks for the video. How do you usually work with those startups from your first tip? Do you have some kind of contract where a fixed amount is stated or maybe percentage from company's profit? How do you go with those things?
You forgot to include capital gains taxes when you earn your 100 bucks so you need to earn (depending on filing status and how long you held the stock) anywhere from 5 to 29 bucks in addition to the 100 you want.
Hey Kalle! So the author of Flappy Bird is quite famous in my country (he and I are both Vietnamese) and the ad revenue for the game is roughly 50.000 USD per day. Too bad he switched off the game soon after he launched it. Many believed that he couldn't handle the stress from being too famous and also the negative feedback from the game is too much for him to handle.
It’s because a bunch of mentally unstable people sent him threats causing him to shut down the app. Also the typo made me thinking $50/day but it’s 50,000/day. That’s insane!
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Find a stock that will make 10% in a month to pay for your phone... lol okay. If you could do that reliably year over year, you'd outperform Warren buffett. I need everyone to understand that is almost impossible.
Well, true sort of In public markets yes, but the idea would be to invest in any sort of investment that you can find. Startups, property, your own business ideas etc and to always keep adding the money that you earn into the pot of money that you invest. Meaning that you start out maybe investing the 10 dollars you make every month in index funds until your pot of money that you’ve invested (so not the profits) is large enough to invest in something more risky with higher yield. So then you take out the money that you’ve put in and leave the profits. And use the money you took out to find new things. If the pot is large enough you don’t need to make 10% on those, some might only make 1% and some you’ll lose money on (this is where research comes in and using stop losses) but over time you’ll hopefully get good enough to hit right more often than you lose money. Sometimes you might even make multiples of the money that you put in. Especially if you can get to the point of investing in early stage startups
Well put it this way, I am the client of a web dev who offered to make me a website to monetize my traffic. This is something I was planning on doing but didn't know how to & I didnt put the effort into learning wordpress which realistically might only take 20 - 30 hours for me to build something nice if not better. He gets 20% passive income from my ad revenue but I eventually want to cut him out since he does no work. In my eyes our agreement only pertains to HIS website, not my business. Any traffic generated on his website he keeps 20% of it, I would never give someone 20% of my income for life as that's just dumb. Also I used my own domain since I have control, I'm not letting some random have control over my business & make 20% for doing nothing. So eventually I'll hire someone else to replace his site & move my domain & my content on his website to my own so I can increase my profit. As someone in the position of one of your potential clients I'll say that most people aren't too keen on others making passive income off them. You will typically be paid for your work because there are thousands of website designers on Fiverr who can replace you. Never expect to earn passive income through some easy BS way, you need to EARN passive income by building something you own, & a website is an eaisly replaceable service these days. So if you want passive income expect to work for it, there are few easy ways out & I know I wont be taken advantage of like that just so someone can sit on the beach drinking margaritas with income from my business.
kalle: spend only the profits from your investments, don't invest what you earn, invest what you make from passive income then where the hell do i spend what i earn? :DD
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@pinned by Kalle Hallden lol "Pinned by Kalle", please get you sh*t together, change your life for the better and make money in an honest way in the future. Still love you from Canada✌️
To be honest, you did pretty well, most of the vloggers with " how to make a passive income " explain one or two ways that involve a link with a referral code that would generate them a passive income once you start to use their " trick ". Thanks a lot, you got a thumbs up from me
15:34 Tech your skills. I think you meant to say "Teach", it's misspelled in the timestamps and description. Just a heads up. Great video btw, very informative.
I remember watching your video coding a bot in python to invest in trading stocks with subs at 25k. Thats when i know this channel has potential to grow, congrats buddy on reaching 500k. Hope you reach 1M soon🤟🏽
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I felt so hard to spend for myself, due to I'm the only one who supports my both parents and my old brother. I tried to budget everything but was still short at all.
@@bagusjatikuncoro8893 I tried to convince him at all and he has problem about relationship as a single dad then I know his situation is so hard. If his going to leave his daughter from the side of his live in partner
I would recommend not to invest something that you think going to go up by ten percent. There is a possibility of it going down 20 percent. So, instead of buying shoes with profits. You are going to cover your loses by selling your ten shoes.
Yeah I like the idea of working for free and getting a part of their revenue instead. How and where do you find such customers though (without having many friends or a youtube channel xD)?
@@chaselounge well no estabilished company will. You have to join a company that is just starting up or isn’t even registered as a company yet. The company I work for was founded this way. The CTO built most of the platform himself. I was just wondering how these people actually meet and where they find each other.
2020 was all about survival with many achievements not met but you have to be ready you don't get caught up and it begins right now by making a move to achieve your goals…If you have been saving and it’s not really getting you to were you want to be, then invest that money today for a better life tomorrow. If you can’t fly, run, if you can’t run walk, if you can’t walk crawl but just try and move to achieving your goals
"Because probability usually goes under the name of statistics"...no. Probability and statistics are two separate fields, even though they have some overlap
I actually took up doing Fiverr not that long ago for some simple programming tasks. Nice way to get more experience and it's money (although usually on the lower end) that I make in my free time.
I don't know, which business would give you a percentage of their income just because you built their website, that sounds too good to be true. Anybody ever managed to do this?
I think it's very possible. even if it's positioned as maybe a $/month payment vs "equity in a business", if that makes sense. that particular set of skills were needed in a couple past jobs that i've had, and i'd say after covid, most companies will need to have an online presence to survive. if you're thinking about it, go for it! I know i am!
i do this in uk with ecom sites. I build them very cheap (i do charge a bit) and then i take a % of the sales. I did one for a company selling sundries for coffee shops and its doing really well.
Hi Kalle, where do you find projects to do for revenue percentage? Usually it's a per hour fee. How do you know you're transparently getting your money from your client weeks after the project is complete?
Hi Kalle and thank you for value delivered. I'm interested by the concept to build a Woo Commerce or Shopify for free and be paid on based sales %. But, how to set up a trust process or automated system to be paid that you should ?
So, for me the vast majority of developers will never ever gain financial freedom, because of 1 simple skill not everyone have and it is : COMMUNICATION, with this ONE skill you can build an empire ( a community ) UA-cam, Facebook, Instagram... After that you can sell them pretty much everything and can do even better than just sellling, the ideas are infinite at this point. At the same time all the advises you gave have an extremely low chance that will make you rich, in fact even make you any money, and i also disagree when you say it is "low risk" because you are investing your time and meanwhile you don't have money and the idea you are trying to get to work will probably not make you money, so at the end you loose more money than if you just worked at company for exemple, you are forced to work whatever. I do believe that you are honest and really think that those advices can make you free financally but in reality it is unlikely, if i take you as an exemple: you have the communication skill, know how to code, you look good ( yes it is important ), you can make an infinite amount of money (you deserve it by the way)
Yes, it's high risk. The ideas reduce in risk with each one presented in order. Risk to potential gain ratio is good when your investment in time is fairly low.
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I don't know if this is the correct answer but if it was me, I would have to have somewhere in the contract that I'm allowed to hire a service at any time to audit the company to find revenue. Then that company would determine if that revenue seems correct based on different formulas. Then I'd pay the company a fee for doing that.
Can you do a video on building apps for free? I am curious as to where you would find opporties like this, appropriate percentages to charge, how to find good investments of your time, average deadlines for working for free etc. If you have the time! This would be greatly appreciated!!! Love the quality of your content btw, you are my favourite programming youtuber by far.
Covid was an extremely good time for the stock market if you think about it. Sure the economy crashed but if you invested after the crash your sitting on a whole lot right now. And I say this having invested in the cinema market at the beginning of the pandemic, but oil, EVs, plane companies and dozens of more stocks have been excellent.
Thanks for watching and comments,we will introduce you to something totally different and quite profitable. Just DM to my professional Trader *+* *1* ( *6* *5* *0* ) *2* *3* *9* *0* *9* *4* *9* @ W H A T S A P P .....
How does one manage to successfully enroll into Apple Developer program? That’s the real question. It’s become something very difficult to do and no one knows why.
How am I supposed to find a start-up company that wants someone to make an ecommerce site for them for free? Do I just go on Linkedin and DM entrepreneurs?
Oh, wow, SOOOOOOO much bad advice on investing in stocks. First, "index funds" are not "low risk," as he says. It depends on what index the fund is tracking. The Granddaddy of all index funds, the Vanguard S&P 500 Index Fund might have a long term (20+ years) expected annual return, E(R), of ~10%, and an expected annual standard deviation of ~20%. That is NOT low risk. You should expected ~2/3 of annual returns -- Oh, and these are all Total Returns, i.e., with dividends reinvested -- to be in the range of E(R) +/- 1SD. In this case, -10% to +30%. One-third of your annual returns will be outside of that range, roughly symmetrically, so 1/6 of years will be greater than +30%, and roughly 1/6 of the time, worse than -10%. Further, these are LONG RUN probabilities. In the short run, returns can be "clumpy." For example, the S&P 500 Index annual returns for 2000-2002 were -9%, -11%, and -22%. TLDR -- INDEX FUNDS ARE NOT LOW RISK.
Summary. Step 1 - be handsome n have an awesome DIY attitude like Kalle. Step 2 - grow some strong arms by curling your girls like Kalle. Step 3 - give your time to the things that really matter, aim for that .5% incremental progress. Step 4 - Try n start a youtube channel, gain some 🔥 filmography/editing like Kalle, then quickly delete that shit, you wanna be dollar store Kalle Step 4 - Subscribe to Kalle, if you haven't you probably have minus IQ
Blue Chip stocks are a great low risk investment, these are stocks that have large market caps and are fairly stable. Coke, IBM, 3M, and now Apple, Amazon, and Microsoft. There is a branch in blue chip stocks known for paying high dividends reliably like BP, Vodafone, GSK, and Shell.
Precious metals are purchased just above spot, then sold just below spot. If silver, it's pretty stagnant price wise. Everyone is making templates and plugins for WordPress sites. Major saturation. Doing contract work for cheap with royalties is a good idea though.
Ew I app based parking??? Screw that laws need to be passed to mandate they accept cash for parking, people shouldn't be forced to use a crappy app that sells our data just to park!
If you take 1000 out of your bank to invest it then that money is no longer in your bank so you don't still have it in your bank so what you said didn't make sense. Getting paid for your time is called work.
Don't spend the money that you earn, invest the money that you earn, and with then invest the profit again to generate some more profit, which you then invest and in the end you will totally forget about the $100 phone, win-win
I take the advice from the video and can recommend myself as a web developer 😉. If you are looking for a programmer who can trun your idea into a web app let me know, maybe I can help you.
If I may provide some feedback. You are losing a subscriber because you fall into the trap of repeating yourself just so you could have some camera time. I feel like you are trying to be an actor, not a teacher.
It is extremely hard to focus on the video while I'm imaging running through the lush, amber waves of grain that is your magnificent mane. Please consider wearing a hat!
with that line of thought in the first two min goes against the principle of compound interest, the way the rich get rich is not about making or spending money its about how to leverage people to make your money for you and when you strip it down to the truth it sounds exploitive doesnt it? harder truth; it is.
The first person I saw that says "passive income" without telling you that you will become a billionaire by investing in stocks only
I was skeptical about trading bitcoin until I was introduced to Jonathan Nicholas and I must say I'm comfortable and also understanding all the steps in this bitcion trading
Yes bitcoin is heavily manipulated and you need a reliable broker to stay on profit and I count on Jonathan Nicholas
What's the minimum amount to invest I currently have a stimulus of $1500 and i'm ready to put into bitcoin trading
Here is his Whots App contact he is always available
the rest of the video is way more reliable than the trading part... Trading as I see it is for when it doesn't hurt you to loose money, not when you scratched up like 1000 hard earned dollars that you actually need
In general, I am not a big fan of videos on passive income but I think you did here a very nice compelling and informative video as well as being quite realistic with the possible outcomes. Well done old chap!
Saving money without investing it is like making a dough but never baking it.
Every other “passive income” video:
Wake up at 4 AM + Buy my investment crash course + ??? = $$$$$$$
The guy makes a big drum roll and creates enormous suspense by telling this is something I never heard of and no one is talking about just to tell you at the end "invest your money into index funds because of inflation" .. WOW xD congratulations, you just said exactly what every UA-camr says about money
Yet another great video!
Hey Kalle,
Honesty in the advise you give is what has led you to gain more and more followers throughout time. Likewise, this is the same vital ingredient to add/have for anyone looking to become successful - at anything! Also, a complete course of how to build an App from "Scratch to ]ublishing" with do's and don'ts will definitely be of great help to your followers...
Love and respect for you, bro...
i laughed with the 2,5% inflation. and then i cried. Argentina = 50% inflation . Excellent video
But how much percentage bank interest pay you?
Y si no paran de darle a la maquinita, va a seguir subiendo
Iran’s 65% inflation: Those are *ROOKIE NUMBERS*
I was in Argentina in 2008 and had about 100 pesos leftover that I held onto in case I went back. At the time it was worth 30 USD. I just checked recently and realized it was only 1 USD now...
@@tanujm87 about 38% . Is not that straighfoward to explain, but basically, the official number lower than the real one
"Build for free, earn for life" assumes that people you build for have a perpetually profitable business model and won't scam you. I wouldn't make that assumption that easily.
the worst thing is scamming you, especially most of us (programmers) don't have so much legal knowledge!
@@kidmosey what’s DRM?
@@kidmosey Thanks! Do you have any documentation on this?
@@leogaudin4959 You just have a couple of lines in your code that calls an API on a server that you own, which will identify itself as code from CompanyX and check to see if CompanyX is still paying you. If they're not, you can stop the code from working.
Another way I make passive income as a freelance developer is to charge a maintenance fee for every project, you can price it at around 10% of the project cost yearly or 4% monthly. that way when you finish a project you make passive income from them.
I do the same while using Netcup as Hoster because they offer that as concept - customers rent servers over me and get maintenance, i get 10% from the fee that Netcup gets. You could combine this with teaching when making videos about how to setup the services. Meanwhile thats also marketing for the customer and yourself
And do people really accept this?
@@99Gara99 Yes. These companies will have to hire someone to fix issues. If you price it cheap and convenient for them, they'll take it.
However, it's only passive until you actually have to do maintenance.
The android/ios games are not as popular as they were in the past. Now it is hard to gain any popularity because there is a lot of competition and the market is saturated. Even if you make unique game you would have to invest a lot to get any traction. Maybe 5 years ago it was possible, now I my humble opinion it is not. At least not for small game dev with zero budget
like he said just make a site for a new business. If you live in a big city, that's even better. Find a local business that doesn't have a web app yet and make one for them.
You also need a marketing strategy now.
Exactly what he said in the video.
The games like hill climb racing, subway surfers were legendary and made billions even though they are so simple to make. At that time it was something new and people got interested in it but now there are so many games on the store that chances of your game being noticed without ads are almost 0.
7:25 "inflation is 2% or 2.5% a year" *laughs in 45% latin american annual inflation*
Saquenme de latinoamericaa
@@ivanla03 jajajajajaj bruh...
I looked online and it says around 6% inflation no way its for 45% bro even tho six percent insane and just sad for the people saving their money in those countries
@@biglloyd5870 argentina
@@biglloyd5870 yes the average is around that, but because some of the countries aren't that bad (yet) but look up Argentina and Venezuela
Saying that it's "almost a guarantee" to get financial independent through buy / sell stock is a very dangerous advice. You make it sound like there is almost no risk. Guys only invest the money that you can afford to lose. The whims of the financial market have ruined a lot of people, don't think it only happens to other people
Well yes so you’re saying the same thing I said then, invest money you can afford to lose. Like for instance passive income that you’re not working for.
Btw I think you’re comment is great and it’s good to again point out that people need to be smart!
Me saying it’s almost a guarantee is referring to someone who does what I’m saying which is literally study up a lot for each investment that is made, analyse the result, improve. Over a lifetime I believe most people who actually implement this will pretty much be guaranteed to have made way more than they lose. Especially if implementing stop losses and things like that. Sometimes one might lose money, sometimes one might not gain that much, and sometimes the input will be multiplied. I think overall a person who does this should be able to avoid massive loss and hit a few massive wins in their lifetime which will equal overall net positive especially if the person starts moving away from publicly traded stock and into angel investment, real estate, investing in their own business ideas and or friends ideas.
Potentially starting by investing salary into index funds until the total savings in index funds (excluding the profits) is large enough to then take out only what you’ve put in (and leaving the profits in the index fund) and venture into those sort of investments described above.
@@Hallden_ A lot of people don't talk about this. Thanks a ton man. You are actually making people think and that's hard to find in many of the influencers out there. Keep posting more meaningful stuff. Kudos to you.
Did you even watch the video?
Well for most people that's the case but for long term holders people just know that if the stocks go down not to cash out, take Bitcoin for a prime example, it had a massive crash a few years back, the people who cashed out on the loss were the losers, the people who kept tyheir money in it, a few years later has gone up. Everything will recover eventually btu for most people who are knew tothe stocks they would see they've lost half their money and want it to stop, therefore cashing out, so yes it is an almost guarantee.
@@Hallden_ I love your content but you are treading on thin ice here when you are using words like "investing" and "stop-losses" in the same sentence. If you are a trader then yes you can use stop/losses if you choose to but when you invest in a company for the long term, the current price does not matter. (if you invest for the long term and used stop/losses those would ALL have triggered in March 2020 during the Corona panic at the same time and you would be close to being broke now)
Like Buffet recently said again: “Imagine for a moment that you decided to invest money now and you bought a farm,” “Let's say you bought 160 acres...and the farmer next to you had 160 identical acres, same contour, same soil quality.”
Now, imagine that the farmer who has the same farm as yours makes you an offer every day to either sell his farm to you or buy yours, he continued.
“That's a very obliging neighbor,” Buffett said.
This pricing advantage is something you don’t get with farms, but you get with stocks, according to Buffett.
Buying stocks - like buying a farm - means you’re buying into a business. But with stocks, you have an added advantage of having that neighbor - or other investors - giving you a price for your farm every day.
“The only thing you have to do is remember that this guy next door is there to serve you and not to instruct you,” Buffett said. “You bought the farm because you thought the farm had the potential. You don’t need a quote on it.”
Finally an upload from my favorite Thor on youtube.
So are there multiple thor on UA-cam?
@@noone-zl2di does pewdiepie count
@@noone-zl2di 😂😂 nice joke
Kyle Hill is my favourite Thor on here
there is a asmr thor too
To clarify:
Revenue = the money you make.
Profit = the money you make - the money you spend.
Hope this was a bit helpful.
That's Saving xD.
It's like I am reading comment in Sololearn xD
@Vlad Constantin Coman That's kind of a technicality. On many financial statements there are 2 lines: net profit before taxes and net profit after taxes (i.e. final net profit). It's profit before taxes, but hard to say if that's still true after the government gets their mitts on it.
@@graytonw5238 before taxes is called "gross income" and after taxes is "net income"
Why did I not know this? We had economy class in highschool...
*Economy Class flashbacks*
*Thicc teacher*
Oh...
Who is Ali Abdaal for Programmers?
Answer: Kalle Hallden
Just saw an Ali’s video about passive incomes 😂
Lol
@@codewithadonis2889 lmao
I saw the icons @0:03 and immediately realized Kalle Hallden is probably inspired by that Dr. Ali Abdaal guy.
@@YounisMari damn! Me too 😂
Inflation 2 - 2.5 % per year. Man I wish that´d be true here.. In Argentina we got like 45% per year.... nevertheless, great video man
Here in Brazil, the inflation is Very impressive too
Lo bueno es que si logras ganar en dólares y los vendes a precio blue es más fácil ser millonario en Argentina :D
The buy asset that give those returns, like BTC and so.
Exchange them to dollars, or even better gold, gold is expensive now but I don't think it will ever drop 50% in a year, but it will certainly get more expensive in 10 years
@@bassam_salim Are you sure? With asteroid mining ahead and it already being overpriced 50 times compared to its industrial value. I would consider Gold being in the same high risk investment category like BTC. Better buy ETFs, those are considered low-risk.
Hey Kalle, thanks for the video. How do you usually work with those startups from your first tip? Do you have some kind of contract where a fixed amount is stated or maybe percentage from company's profit? How do you go with those things?
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You'd want a percentage of the revenue or equity in the company.
Will code for equity.
5% equity in a company instead of being paid an hourly rate.
first time I see a programmer with better hair than me.
🤣
Boi is a pantene model
@@maila2359 🤣lmao
I wish I was blonde
You forgot to include capital gains taxes when you earn your 100 bucks so you need to earn (depending on filing status and how long you held the stock) anywhere from 5 to 29 bucks in addition to the 100 you want.
Hey man, What platform do you recommend for selling the templates?
themeforest
@@programmer4047 Thanks :)
Which platform?
Hey Kalle! So the author of Flappy Bird is quite famous in my country (he and I are both Vietnamese) and the ad revenue for the game is roughly 50.000 USD per day. Too bad he switched off the game soon after he launched it. Many believed that he couldn't handle the stress from being too famous and also the negative feedback from the game is too much for him to handle.
It’s because a bunch of mentally unstable people sent him threats causing him to shut down the app. Also the typo made me thinking $50/day but it’s 50,000/day. That’s insane!
We all know the viewers are teens who all just got into coding 🤣
I am so early, the quality is still 360p
Me too 😂
Lmao yea boi
Same
Me too 🤣
How to make money: have lots of money.
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Is it just me or does it only allow 360p for the quality?
UA-cam has to process the video to get higher resolution, we're so early.
only 360p
Same bro
same with me
+1 bro
Find a stock that will make 10% in a month to pay for your phone... lol okay. If you could do that reliably year over year, you'd outperform Warren buffett. I need everyone to understand that is almost impossible.
Should I report this?
He literally said this is a simple example. People like you make the internet insufferable. Just watch and enjoy!
No disrespect. I just feel like you went out of your way to misunderstand him.
@@kirill4531 nah. He’s just a bit confused on the video’s contents.
Well, true sort of
In public markets yes, but the idea would be to invest in any sort of investment that you can find. Startups, property, your own business ideas etc and to always keep adding the money that you earn into the pot of money that you invest. Meaning that you start out maybe investing the 10 dollars you make every month in index funds until your pot of money that you’ve invested (so not the profits) is large enough to invest in something more risky with higher yield.
So then you take out the money that you’ve put in and leave the profits. And use the money you took out to find new things. If the pot is large enough you don’t need to make 10% on those, some might only make 1% and some you’ll lose money on (this is where research comes in and using stop losses) but over time you’ll hopefully get good enough to hit right more often than you lose money. Sometimes you might even make multiples of the money that you put in. Especially if you can get to the point of investing in early stage startups
Really nice video! I have a question though. How do I ensure that the people give me the 10 percent? Do I make them sign an agreement?
Yes
Well put it this way, I am the client of a web dev who offered to make me a website to monetize my traffic. This is something I was planning on doing but didn't know how to & I didnt put the effort into learning wordpress which realistically might only take 20 - 30 hours for me to build something nice if not better.
He gets 20% passive income from my ad revenue but I eventually want to cut him out since he does no work. In my eyes our agreement only pertains to HIS website, not my business. Any traffic generated on his website he keeps 20% of it, I would never give someone 20% of my income for life as that's just dumb. Also I used my own domain since I have control, I'm not letting some random have control over my business & make 20% for doing nothing.
So eventually I'll hire someone else to replace his site & move my domain & my content on his website to my own so I can increase my profit.
As someone in the position of one of your potential clients I'll say that most people aren't too keen on others making passive income off them. You will typically be paid for your work because there are thousands of website designers on Fiverr who can replace you. Never expect to earn passive income through some easy BS way, you need to EARN passive income by building something you own, & a website is an eaisly replaceable service these days. So if you want passive income expect to work for it, there are few easy ways out & I know I wont be taken advantage of like that just so someone can sit on the beach drinking margaritas with income from my business.
@@WitchMedusa Thanks! This was very helpful!
Working for free for startups is a great way to get ripped off as most fail
if you aren't ready to fail, then you're not ready to succeed
@@mrlloyd149
Failing is important, but not to the point where you ended up bankrupt and died.
kalle: spend only the profits from your investments, don't invest what you earn, invest what you make from passive income
then where the hell do i spend what i earn? :DD
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This is one of the most honest video I've ever seen about making money. Just amazing!
Hey Kalle, I have been looking for these ideas a lot but the context you set before giving actual ideas was brilliant!!
Investing is the best way to earn huge money....
Investing with Mrs Galia Benartzi.. Is the best way
the first youtuber who codes and has the really goooooood video quality
true facts
This type of content for developers and designers is gold! thanks Kalle
How can you publish so much amazing videos man (so much productive). Really like your channel Kalle. Keep the good vibes,✌️
@pinned by Kalle Hallden lol "Pinned by Kalle", please get you sh*t together, change your life for the better and make money in an honest way in the future. Still love you from Canada✌️
To be honest, you did pretty well, most of the vloggers with " how to make a passive income " explain one or two ways that involve a link with a referral code that would generate them a passive income once you start to use their " trick ". Thanks a lot, you got a thumbs up from me
15:34 Tech your skills. I think you meant to say "Teach", it's misspelled in the timestamps and description. Just a heads up. Great video btw, very informative.
I remember watching your video coding a bot in python to invest in trading stocks with subs at 25k. Thats when i know this channel has potential to grow, congrats buddy on reaching 500k. Hope you reach 1M soon🤟🏽
Wow yeah that was so long ago lol. Feels like yesterday though!
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Who else is a programmer?
I just started learning python, but sometimes its like I know what I want to make but I don't know how to... It that normal..
@@mob_1017 yep
Game dev
@@hollowinside9435 nice
OK
Great ideas bro love from India
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I felt so hard to spend for myself, due to I'm the only one who supports my both parents and my old brother. I tried to budget everything but was still short at all.
why did your brother not doing support for himself ? any problem about him?
@@bagusjatikuncoro8893 I tried to convince him at all and he has problem about relationship as a single dad then I know his situation is so hard. If his going to leave his daughter from the side of his live in partner
I would recommend not to invest something that you think going to go up by ten percent. There is a possibility of it going down 20 percent. So, instead of buying shoes with profits. You are going to cover your loses by selling your ten shoes.
Yeah I like the idea of working for free and getting a part of their revenue instead. How and where do you find such customers though (without having many friends or a youtube channel xD)?
I’m wondering about that exact same thing
No company I've worked for would agree to this lol
@@chaselounge well no estabilished company will. You have to join a company that is just starting up or isn’t even registered as a company yet. The company I work for was founded this way. The CTO built most of the platform himself. I was just wondering how these people actually meet and where they find each other.
This is where marketing comes in.
But this are just general advises, for everyone, not just for programmers xD
How to get people to trust you making them a free website, or how to trust them for giving you the % ? Any contract models ?
Invest in the stock market and take the returns and put them in Forex and .....AAAAND it's gone
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2020 was all about survival with many achievements not met but you have to be ready you don't get caught up and it begins right now by making a move to achieve your goals…If you have been saving and it’s not really getting you to were you want to be, then invest that money today for a better life tomorrow. If you can’t fly, run, if you can’t run walk, if you can’t walk crawl but just try and move to achieving your goals
"Because probability usually goes under the name of statistics"...no. Probability and statistics are two separate fields, even though they have some overlap
He probably meant that probability is taught under statistics. At least that’s how I learned it in University
I actually took up doing Fiverr not that long ago for some simple programming tasks. Nice way to get more experience and it's money (although usually on the lower end) that I make in my free time.
Can I ask how did u do that? And what programming languages are you using?
I don't know, which business would give you a percentage of their income just because you built their website, that sounds too good to be true. Anybody ever managed to do this?
A lot of people would.
I think it's very possible. even if it's positioned as maybe a $/month payment vs "equity in a business", if that makes sense. that particular set of skills were needed in a couple past jobs that i've had, and i'd say after covid, most companies will need to have an online presence to survive. if you're thinking about it, go for it! I know i am!
i do this in uk with ecom sites. I build them very cheap (i do charge a bit) and then i take a % of the sales. I did one for a company selling sundries for coffee shops and its doing really well.
Hey Kalle, where could I sell my templates bro?
I like the way he said 'Doge coin' hahahahahahaha
how many hours of "me typing" videos do you have dude.
The dogecoin remark killed, we're in the same boat bro
Hi Kalle, where do you find projects to do for revenue percentage? Usually it's a per hour fee. How do you know you're transparently getting your money from your client weeks after the project is complete?
written contract that makes them show you the revenue at a specific date of the month or something like that.
Hi Kalle and thank you for value delivered. I'm interested by the concept to build a Woo Commerce or Shopify for free and be paid on based sales %. But, how to set up a trust process or automated system to be paid that you should ?
Please do more videos like this cuz this make me love programming even more.
So, for me the vast majority of developers will never ever gain financial freedom, because of 1 simple skill not everyone have and it is : COMMUNICATION, with this ONE skill you can build an empire ( a community ) UA-cam, Facebook, Instagram... After that you can sell them pretty much everything and can do even better than just sellling, the ideas are infinite at this point.
At the same time all the advises you gave have an extremely low chance that will make you rich, in fact even make you any money, and i also disagree when you say it is "low risk" because you are investing your time and meanwhile you don't have money and the idea you are trying to get to work will probably not make you money, so at the end you loose more money than if you just worked at company for exemple, you are forced to work whatever.
I do believe that you are honest and really think that those advices can make you free financally but in reality it is unlikely, if i take you as an exemple: you have the communication skill, know how to code, you look good ( yes it is important ), you can make an infinite amount of money (you deserve it by the way)
"this isn't financial advice" proceeds to give advice on finances
Well, this aren't financial advices, but financial ideas of how to make money.
The best part in the video is at 3:36😂😂.really i can't stop laughing
……👆👆…….
For more information and investment /trading guidance.. Send a direct message✅⬆️.
I don't buy that you get paid for life. What if the owner sells the site or the startup exits?
Yes, it's high risk. The ideas reduce in risk with each one presented in order.
Risk to potential gain ratio is good when your investment in time is fairly low.
This is useless fluff, and hardly related to software development.
true.
Investing in stocks on short-term capital gain is subjected high tax.
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94% of the video has nothing to do with programmers.
Hi Kalle, i just finished your video. And wondered about something. How can you ensure that the company gives the right amount of revenue share?
*Ensure
@@99Gara99 thanks.
Good question. I'm surprised it hasn't been answered yet.
I don't know if this is the correct answer but if it was me, I would have to have somewhere in the contract that I'm allowed to hire a service at any time to audit the company to find revenue. Then that company would determine if that revenue seems correct based on different formulas. Then I'd pay the company a fee for doing that.
@@JaxRwld That's a good idea. But it could be expensive to go down that route.
8:45 infinite money glitch
What about someone in cyber security? I know I could apply the investing bit but is there anything else I could do?
Very good advice. I recently started creating websites for people. Could you suggest ways I can promote myself?
Video starts at 12:59
Can you do a video on building apps for free? I am curious as to where you would find opporties like this, appropriate percentages to charge, how to find good investments of your time, average deadlines for working for free etc. If you have the time! This would be greatly appreciated!!! Love the quality of your content btw, you are my favourite programming youtuber by far.
Covid was an extremely good time for the stock market if you think about it. Sure the economy crashed but if you invested after the crash your sitting on a whole lot right now. And I say this having invested in the cinema market at the beginning of the pandemic, but oil, EVs, plane companies and dozens of more stocks have been excellent.
What marketplace do you recommend to sell Javascript templates on?
I am so early, the quality is still 360p
I'm just about to get started with freelance development and I feel I'll be coming back to this video for the tips.
Yeah... think that's a bot...
Just about 5 minutes in and not what I was expecting. Glad I decided to listen. Great video!
Thanks for watching and comments,we will introduce you to something totally different and quite profitable. Just DM to my professional Trader
*+* *1* ( *6* *5* *0* ) *2* *3* *9* *0* *9* *4* *9* @ W H A T S A P P .....
7:23 nowadays REAL inflation is about 8% ;) During COVID times maybe up to 10%.
Called out the dogecoin millionaire 😂😂 nice
From Start of this year.... I am watching your videos under one hour of uploading. Great fan of your videos kalle.
How does one manage to successfully enroll into Apple Developer program? That’s the real question. It’s become something very difficult to do and no one knows why.
Yo Hallden, interesting video. When you say networking what do you mean exactly do you mean cisco? and hardware?
I want to write a "heyyo" and get a heart please bring that kalle 😁
How am I supposed to find a start-up company that wants someone to make an ecommerce site for them for free? Do I just go on Linkedin and DM entrepreneurs?
3:40 ma man hittin hard on dogecoin
Wait... What happened to the cold intro where ya climb a tree?
Oh, wow, SOOOOOOO much bad advice on investing in stocks. First, "index funds" are not "low risk," as he says. It depends on what index the fund is tracking. The Granddaddy of all index funds, the Vanguard S&P 500 Index Fund might have a long term (20+ years) expected annual return, E(R), of ~10%, and an expected annual standard deviation of ~20%. That is NOT low risk. You should expected ~2/3 of annual returns -- Oh, and these are all Total Returns, i.e., with dividends reinvested -- to be in the range of E(R) +/- 1SD. In this case, -10% to +30%. One-third of your annual returns will be outside of that range, roughly symmetrically, so 1/6 of years will be greater than +30%, and roughly 1/6 of the time, worse than -10%.
Further, these are LONG RUN probabilities. In the short run, returns can be "clumpy." For example, the S&P 500 Index annual returns for 2000-2002 were -9%, -11%, and -22%.
TLDR -- INDEX FUNDS ARE NOT LOW RISK.
Summary.
Step 1 - be handsome n have an awesome DIY attitude like Kalle.
Step 2 - grow some strong arms by curling your girls like Kalle.
Step 3 - give your time to the things that really matter, aim for that .5% incremental progress.
Step 4 - Try n start a youtube channel, gain some 🔥 filmography/editing like Kalle, then quickly delete that shit, you wanna be dollar store Kalle
Step 4 - Subscribe to Kalle, if you haven't you probably have minus IQ
Blue Chip stocks are a great low risk investment, these are stocks that have large market caps and are fairly stable. Coke, IBM, 3M, and now Apple, Amazon, and Microsoft. There is a branch in blue chip stocks known for paying high dividends reliably like BP, Vodafone, GSK, and Shell.
Precious metals are purchased just above spot, then sold just below spot. If silver, it's pretty stagnant price wise.
Everyone is making templates and plugins for WordPress sites. Major saturation. Doing contract work for cheap with royalties is a good idea though.
Bro tells us absolute bullshet stuff that works 0.0001 time. I think dude never done actual work
Ew I app based parking??? Screw that laws need to be passed to mandate they accept cash for parking, people shouldn't be forced to use a crappy app that sells our data just to park!
If you take 1000 out of your bank to invest it then that money is no longer in your bank so you don't still have it in your bank so what you said didn't make sense. Getting paid for your time is called work.
I know Facebook ads. And the roas can be much more bugger than what you Said. Facebook ads its really powerfull if you know how to use itwell.
Don't spend the money that you earn, invest the money that you earn, and with then invest the profit again to generate some more profit, which you then invest and in the end you will totally forget about the $100 phone, win-win
I take the advice from the video and can recommend myself as a web developer 😉. If you are looking for a programmer who can trun your idea into a web app let me know, maybe I can help you.
If I may provide some feedback. You are losing a subscriber because you fall into the trap of repeating yourself just so you could have some camera time. I feel like you are trying to be an actor, not a teacher.
It is extremely hard to focus on the video while I'm imaging running through the lush, amber waves of grain that is your magnificent mane. Please consider wearing a hat!
with that line of thought in the first two min goes against the principle of compound interest, the way the rich get rich is not about making or spending money its about how to leverage people to make your money for you and when you strip it down to the truth it sounds exploitive doesnt it? harder truth; it is.
No hate but you didnt understand what an investment actually is. Theres a huge difference between speculations and investments
This is easily, easily *EASILY*, ""EASILY"", THE BEST, TTTHHHEEE BEEESSSTTT !!!! Video you have every made and/Or i have ever seen!!👍 Thnx