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So what are the best passive income ideas? Let’s get started & earn more money…

It sounds awesome to say you have a job, but let’s face it.

Working 9 to 5 doesn’t exactly come off as good as it sounds.

You get a job somewhere and work tirelessly but still can’t make enough to cover your bills.

What if we told you, you could avoid your nagging boss, spend more time with your family, and still make enough income?

Yes! It is possible and I mean, really possible.

Our ideas might be different but one thing kept in common is that we all want to earn.

There are various ways of making money, you can either earn actively or earn passively.

But let’s face it, the latter is the most convenient.

With passive income, other than maybe promoting what you have made, or in some cases what other people have made.

Now I’m guessing you also prefer the passive method, right? Well, who doesn’t?

Welcome to Thriven Authority and in today’s, we’ll be going over some proven passive incomes ideas which you should certainly try out.

Now, let’s talk money.

Tip Number One: Invest In Dividend Paying Stocks

If you are truly looking for a way to make money even while you do other calm and relaxing things, then you need to put your money to work for you by investing in stocks.

ETFs, Stocks that pay dividend, and other investments like Lending Club, Fundrise, and many more are all very lucrative passive income ideas anyone with a startup cash should try out.

If you don’t know what dividends are, they are those gains a company distributes to its shareholders.

Dividends, however, definitely do not guarantee to be a full representation of a company’s profit.

The amount of dividend you get from a company depends on the number of stocks or percentage of the company you own.

With a reasonable startup capital and with the right investment, dividend paying stocks investment can guarantee you a good return every month.

According to Brett Owens from Forbes, investors who can look ahead have the potential of making 15 to 25 percent annual revenue if they pick the right stock.

If you happen to be very concerned about your money, then you should know that dividend stocks are one of the safest and most reliable investments schemes that allows you to earn passively.

Tip Number Two: Create A YouTube Channel

Something most people might want to argue is that YouTube isn’t a way of earning passive income as you have to keep making videos to earn money.

However, something you should keep in mind about YouTube is that as long as you video is being watched by others; you will continue to make money.

However, if you want to make even more, then put a little more effort into creating a better video that will earn you even more views.

A study on YouTube made by The Economist showed that people with hundred thousand subscribers or more can earn over $12,000 for just sponsored content.

It is unnecessary to go into what YouTube is and how you can make money from it considering the fact that almost everyone in the world uses this social platform.

In fact, statistics from YouTube blog shows that over 2 billion users log in in monthly to the platform.

Several things can be done on YouTube. Anything from lifestyle to comedy, animation, tutorials, programming, vlogs, memes, reviews, and just about anything else.

In fact, you can play with toys in screen, post in on YouTube, and 27 million people will subscribe to your channel.

Tip Number Three: Try Real Estate Investment

Lately, you must have noticed a lot of people you know are now, somehow, into real estate, right?

Well, have you ever wondered why a lot of these people go into real estate?

They do so because investing in real estate is one of the most popular and lucrative passive income strategies in existence.

The process simply involves having a building, filling it up with tenants, and collecting your income every month or year while you sit in your office or home.

If you don’t believe real estate is that lucrative, then you should know that according to statistics by billionaire Andrew Carnegie, about 90% of millionaires made their money from real estate investment.

The best thing about real estate is that even if you don’t have a startup capital, you can still invest by raising money through crowdfunding platforms.

Tip Number Four: Engage In Affiliate Marketing

If what you want is a very quick and easy way to make money even while you spend time cruising at the beach, then affiliate marketing isn’t for you.

Affiliate marketing is a passive income money making method; however, it isn’t quick and easy.

It is only when you have mastered the process and become very skilled at it with a significant online presence that you can earn huge amount of money passively by promoting other people’s brands.

A survey by VigLink showed that 9% of interviewed affiliate marketers earned up to $50,000 in revenue in 2016.

This number can be doubled and even tripled depending on the level of online presence you have.

Tip Number Five: Start A Blog

It’s impossible to talk about passive income and not talk about blogging.

It is one of the most guaranteed way to make money passively while doing something you truly enjoy.

Blogging can be as lucrative as you want it to be because you can make money from it in several ways.

A report from Glassdoor shows that an average blogger is able to make up to $32,000 yearly.

There are thousands of bloggers making millions and those who aren’t even making anything close.

It all depends on how you build your audience and the niche you specify in.

Create good content, develop consistent readers, and the possibility is endless.

Tip Number Six: Create Online Courses

There’s definitely something you are good at. Believe it or not, there are people who really want to learn that skill you take for granted.

You don’t have to know about programming, finance, health, stock investing, trading, dropshipping, or marketing to create a course.

Even if you are good at fixing stuff or playing musical instruments, we have people who want to learn that skill and you just might be able to earn passively from them.

With an online course, the earning possibility varies and according to Onlinecoursehow.com, this can be between a thousand dollars to five thousand dollars monthly.

The best part about online courses is that there is a low entry barrier.

Just make a quality video and you get to impact others while you keep making money.

Tip Number Seven: Sell Products Online

If you will be creating your own product and selling it online, then you should know that it would require a considerable amount of effort and money for you to get started.

However, the good part about ecommerce is that you don’t have to own a product before you can start earning.

The idea of dropshipping and reinvented the way ecommerce works.

You just have to create an online store, list someone else’s products, and redirect every order you get for profit.

People say dropshipping is already saturated but have you seen Amazon running out of business?

Well, that’s because according to Cloudways.com, dropshipping is still very much alive and Oberlo.com confirms that people are making millions from it.

So, what are you waiting for?

It’s time for you to get to making your own millions.

Try out any of these passive income ideas and with diligence and persistence, you should be cruising off at the beach while your funds keep rolling in.

If you enjoyed our content and would love to see more, then support us by visiting our YouTube channel and subscribe to our channel so you don’t miss out on every of our life helping tips.

So, how to save money each month? Let’s Begin

You have that desire to save your income, but every time you try to save your income, you find yourself unable to.

It’s either you spend the money on less important things or just don’t know how you even spent it at all.

You have tried so hard to do away with this force that prevents you from saving. You have explored many options to fight it, but all was in vain.

Now you think there is no solution to it, you think you will have to live with it for life. Well, here is the good news, there is a solution and it’s right here at Thriven Authority.

Welcome back again to our channel and in today’s video, we will be walking you through some of proven tips we have discovered to be very effective in helping just about anyone save money.

You see, when it comes down to saving your money either in the hope of using it to purchase a house or spending it on an awesome vacation or keeping it towards your retirement, the formula is simple.

You simply spend less, try to earn more, and put the difference between the two somewhere it will grow.

Unfortunately, putting aside the cash difference isn’t so much of a feasible action in real life. it’s challenging to save, we know that.

However, there are some proven hacks around this and we will be exploring some of them in today’s topic.

Let’s get started.

Tip Number One: Take Action By Thinking Cyclically

There is one thing we all tend to do and that is thinking about better possibilities in the future.

You try to excuse yourself from saving by believing your income isn’t good enough and that once it becomes better at a certain time period, you’ll start to save even double of the current saving amount.

While this might be true, the possibility of getting a better income in the future isn’t and you are only thinking linearly about life.

Thinking about life linearly involves viewing things in terms of past and present and it might cause you to put off crucial decisions in the hope of something better later.

According to a 2014 study by Leona Tam and Utpal Dholakia published in Psychological Science, it was discovered that people who though cyclically about savings were estimated to save 74 percent more than those who thought linearly.

With a cyclic view, you see life as a string of repeating events and rather than stay optimistic about the future, you try to take action as immediate as possible.

To save more, focus on the present and view life as a string of repeating patterns where the future might turn out to be a previous occurrence.

Tip Number Two: Initiate Savings Automation

Let’s face it, one of those difficult things you experience is having to take out of your money and keep it somewhere you can’t reach.

The feeling that, after keeping the money, you might urgently need it will just keep running around in your head till you eventually give in to not saving.

If you also experience this all the time, know that you don’t have a bad habit, it’s just the normal human feedback.

In fact, a post from Harvard Business Review confirms that when you consistently and actively think about saving, you most likely won’t do it.

For this reason, it is important that you try out automated saving. Remember 401(k) in business?

Well, William, Mark, and Peter found out in 2005 that when automatically enrolled, employees have a higher change of saving for retirement.

Once you set your saving to be automatic, you tend to forget about it most times and just focus on what’s in front of you.

Initiating saving automation allows you to keep saving without having to actively thing about it.

Tip Number Three: Increase Periodic Saving Automatically

You want to save more money, right?

Then why not keep increasing the amount you save overtime. It’s called compound saving. Still remember what we call Inertia from your physics call?

Well, turns out that it applies to saving also.

You saving pattern will continue to be the same accept acted upon by a decision for change.

Let we discussed earlier, it’s hard to put your money where you can’t reach but it even becomes harder to raise your savings amount after managing to start saving.

However, when Thaler and Benartzi performed a study in the late 1990s, they were able to discover that those who enrolled for automatic 401(k) contribution raises every year almost quadrupled their saving rates.

Essentially, buy opting in for an automatic periodic saving rate increase you become able to save even more over time.

Tip Number Four: Define Realistic Saving Goals With Negative Consequences

Several things prevent people from saving and one that really renders the biggest impact is motivation.

The brain needs something that will challenge it to take action.

If motivation is put righty in place, then one can force the brain to go against its will.

Professor Dean Karlan from Yale University argued that by creating an economic penalty for the failure to save, people can consciously reach their saving goals.

This means, when you create a realistic saving goal, you should also define negative consequences you will have to face if you fail to meet the set goal.

The unwillingness of the brain to face the negative consequences will create the motivation to save as much as needed.

However, take note of the word realistic. It is important that you set goals that you can actually meet up with.

Tip Number Five: Start With Smaller Saving Goals

If you are not already used to the concept of saving, then it can be very difficult to set aside a huge amount of money either weekly or monthly for a specific purpose.

Fortunately, experts have discovered that when you break your saving goals down into smaller goals, the motive to do it increases.

In fact, a woman has stated that she was able to save over, 13 years, a total of $40,000 just by accumulating $5.

So, next time you plan to save $150 monthly, try breaking it down to $5 daily and see how efficient your saving will be.

Tip Number Six: Try Going Card-less

Cashless payment is what we call the future. however, the future isn’t good for you if it causes you to keep spending without limit.

When you are with your card, all you just have to do is insert it and that’s all, you purchase is complete.

The convenience is great; however, it opens up the possibility for you to purchase unnecessary things you never planned for.

In fact, research performed by Dilip Soman has shown that people spend more when they go out with their cards. Rather than go cashless, why not go card-less.

Simply spend only what you have on you. This way, you spend less and have more to save in the long run.

Tip Number Seven: Don’t Forget To Track Your Spending

Have you ever wondered how impactful an expense tracking app or mobile banking app can be?

Well, some people have and according to a study by the Federal Reserve, it was discovered that about 62% of consumer who checked their account balance on their phone before deciding to make a purchase ended up quitting the purchase decision.

With everything getting digital daily, you just might not know how much you’ve spent.

So, rather than just purchase as you wish, try making getting actionable insights into your account balance, see how you’ve done with your spending, and how you can change things up.

By following this and other tips, you definitely will end up becoming a pro money saver.

And that’s it for today. If you enjoyed this topic and would love to see more, then be sure to check our YouTube Channel, subscribe, turn on the notifications bell, and share videos with others.

See you in the next one.

Are you a high school or college student struggling to cover up bills?

Or just a family guy looking to double your income?

Have you thought of several business methods but don’t have enough cash to start?

What if we told you that you don’t even need any startup fee to start making money?

Yes, you don’t! And today, we’ll show you how.

Welcome to Thriven Authority and in today’s topic, we’ll be going over some verified tips on how to make money online.

Now, let’s talk money.

Tip Number One: Become A Blogger

Blogging is one of the oldest and most popular methods of making money online.

It’s simplicity as an activity that can be executed by almost anyone makes it even way better.

Becoming a blogger requires that you have a few skills but most of these skills can be developed or learned on the fly.

Blogging is a very lucrative online money-making method such that one can quickly start making up to $2000 per month.

In fact, Glassdoor reports shows that the average blogger salary is over $32,000 per year.

To become a blogger, you just need to have a passion for documenting stuff into writing.

The best part about becoming a blogger is that you get to blog about anything that interests you.

Be it travel, fashion, luxury, science and technology, or futuristic gadgets. The options are endless.

By blogging, you also get to improve your writing skills, develop a follower base, connect more with people, and learn several new things as you go.

Tip Number Two: Become A Freelancer

Do you have a skill, something you are quite good at?

Whether you are skilled at drawing, singing, painting, writing, teaching, designing, programming, or even dancing, whatever it is, you can freelance with it.

The easiest way to make money online is to take your current services at your 9 to 5 job and do it online instead.

Making ends meet or doubling your income when you already have a job doesn’t need you to quit your current job.

An article published by CNBC shows that Freelancers that perform freelancer services earn an average of $28 per hour which is more than what 70% of what regular workers earn.

This means freelancing is as lucrative as it can be. By becoming a freelancer, you get to control your hours, choose your clients, hone your skills, and meet with new people.

You can work for just a few hours a day every week and make a significant sum at the end of the month.

Tip Number Three: Become A Game Streamer

Remember when they say whatever you find yourself doing do it right?

Well, you should because it’s true.

You shouldn’t be too surprised that game you are so dedicated to playing, that everyone keeps complaining about might just be the key to your next big break.

Still not sure how? Then let’s break it down a little.

According to a survey conducted by US telecom firm, Verizon, they discovered that online gaming has increased by 75% while streaming is up by 12% all in north America.

Now, imagine a survey across every possible location. This means people are interested in gaming and so many are currently paying for it.

With the rise of games of various kinds, including massively multiplayer role-playing games, the desire to reach the finish point has spiked in the minds of game lovers.

And if you just happen to be that guy or lady that breaks bad in adventure games, then you just might be able to break well in terms of cash.

Start by building a following for yourself as you play popular games like Fortnite and Minecraft.

What people want to see is how you are able to successfully make it through certain difficult levels.

Eventually, when you have a large following, your followers can start subscribing for exclusive contents.

Tip Number Four: Become An Online Tutor

Whether you are one of the few geniuses possessing some great intellectual skills in academic subjects or one of we the average individuals with expertise in certain life skills, then you should consider signing up on Tutor Me, Cambly, Tutor.com, or on any of the countless other online tutoring platforms.

Online tutoring is a great way of making ends meet and doubling income.

Online tutoring allows you to define your tutoring hours and only teach when you choose to.

A publication made by Tutors.com shows that freelance online tutors can make about $30 per hour and even more for advanced subjects.

You can either work as an online language tutor, as an educational tutor, or a job tutor.

Though online tutoring doesn’t require much certifications, you need at least a high school diploma to get started.

Do keep in mind that sometimes, a college degree, experience, or a teaching license might be required.

Tip Number Five: Start A Dropshipping Store

Dropshipping is an old business model that is already going viral thanks to the invention of resources like Shopify and Oberlo.

Dropshipping involves selling a product to customers without having to see the product yourself.

Sounds strange? Well, it isn’t.

Commonly, dropshippers head over to AliExpress to find cheap and stylish products people would love to buy.

Then they create their own store using platforms like Shopify and then list the products on their store while adding a few extra dollars to the prices.

So, when a customer orders from your store, you simply order the product from AliExpress and have it delivered straight to your customer without even seeing or touching the product.

With profits from e-commerce and dropshipping increasing by 7% and reaching up to $4 billion, cloudways.com affirms that this online money making method is still very well profitable.

The best part is that it has a low entry barrier, no inventory management, no need for physical store, and low risk when testing new products.

Tip Number Six: Become An Affiliate Marketer

If all you want is just a very good way of earning a few extra bucks, then becoming an affiliate marketer might just be the best path for you.

For those who might not know, affiliate marketing allows you to earn a living by promoting other brands.

If you’re a savvy marketer, you can earn a commission from sales by promoting retail products, software, apps, and more.

According to a survey conducted by VigLink, 9% of affiliate marketers earned up to $50,000 in revenue in 2016.

This number seems great, however, it requires you having significant marketing experience.

Once you have that ability to convince people as to why they need a product, then you are up for money making.

Tip Number Seven: Become An Online Course Creator

Making money online involves both active earning and passive earning.

Earning actively isn’t bad but passively is more convenient.

Creating courses and selling them is an example of passive earning.

By becoming an online course creator, you get to make money from your course even when you are sleeping.

All it takes is a few hours or days of recording yourself teaching that activity you do almost everyday and then a sprinkle of marketing.

The earning capacity of online courses varies, however, onlinecoursehow.com says many course creators earn about $1k to $5k per month.

Benefits of online courses creation include low cost of starting, low entry barrier, no need for physical product creation, and no need for constant physical attention.

Just create once and earn for life.

So, are you already thinking of something you can start doing to make you some money?

Well, then congratulations!

We are glad our article has helped you. So, which method are you applying, comment below and subscribe to YouTube Channel so you don’t miss out anymore on every of our life helping tips.