In this video, Spencer shows “How I Built 6 Passive Income Sources By Age 30”.
That’s pretty impressive if you ask me…
…Most people only have one income source, which is their job.
And usually, that job doesn’t even pay that well.
So how did Spencer do it?
Let’s find out!
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How I Built 6 Passive Income Sources By Age 30 Overview
One of the biggest mistakes our education system teaches us is that we have to find a job, get a good education, and work really hard at that job for 40 years until we retire.
Hence, the traditional 9-5 lifestyle.
But what if there was a better way?
What if you could start building passive income sources now that could give you the financial freedom to do whatever you want in life?
Spencer shows us how he did just that.
At age 30, Spencer had already built 6 passive income sources that were giving him a stable and growing income each month.
If you are reading this I must first congratulate you because you are taking the first step to financial freedom by looking for other income sources outside of your job.
Now let’s get into how Spencer did it so you can too!
Here is a list of Spencer’s 6 passive income sources:
- Affiliate Marketing
- Real Estate
- Online Courses
- YouTube Ad Revenue
- Software Sales
1. Affiliate Marketing
The first passive income source Spencer talks about is affiliate marketing.
Affiliate marketing is when you promote other people’s products or services and earn a commission on every sale you make.
It’s a great way to make money online because you don’t have to create your own product, deal with customer service, or anything like that.
All you need to do is find a niche, build an audience, and start promoting products!
Read More: Literally everything you need to know to start affiliate marketing.
2. Real Estate
The second passive income source Spencer talks about is real estate.
Investing in rental properties is a great way to earn a passive income because you can collect rent each month without having to do any work.
And if you are smart about it, you can even use other people’s money to finance your investment so you don’t have to come up with the cash yourself.
Read More: 5 Simple Ways To Invest In Real Estate
3. Online Courses
The third passive income source Spencer talks about is online courses.
Creating and selling an online course is a great way to earn a passive income because you only have to create the course once and then you can sell it over and over again.
Plus, thanks to the internet, you can reach a global audience with your course which is amazing!
If you are not aware Spencer has a course called “Affiliate Secrets 3.0” which teaches you everything you need to know about building an Affiliate Marketing business.
You can get started by joining his FREE training.
Click Here To Get Access To Spencer Free Training.
Read More: Step by step guide to making $100,000 with an online course no paid ads.
4. YouTube Ad Revenue
The fourth passive income source Spencer talks about is YouTube ad revenue.
If you have a popular YouTube channel, you can monetize it with ads and earn a passive income each month!
YouTube ads are a great way to make money because you don’t have to do any work after you upload your videos.
The ads will just start running and you will start earning money!
Read More: How To Earn Money On YouTube
The fifth passive income source Spencer talks about is consultations.
Consulting is a great way to earn a passive income because you can charge people for your time and expertise.
And the best part is, you can do it all from the comfort of your own home!
Read More: How To Start a Consulting Business
6. Software Sales
The sixth and final passive income source Spencer talks about is software sales.
If you are a software developer, you can create an app or piece of software and sell it online.
And just like with online courses, you can sell your software over and over again which is amazing!
Read More: Understanding The SAAS Business Model
So those are Spencer’s 6 passive income sources.
As you can see, there are many different ways to make a passive income.
So if you are looking for ways to make extra money, I encourage you to check out some of these options! Who knows, one of them might be the perfect fit for you!
Final Thought – How I Built 6 Passive Income Sources By Age 30
You might be asking yourself how Spencer was able to build all of these passive income sources by age 30.
The answer is simple: he was disciplined, he took action, and he never gave up.
If you want to be successful in anything in life, you have to have those three things.
So if you are looking to build your own passive income sources, make sure you are disciplined, take action, and never give up!
How do you start you ask?
The best way is to just start taking action and see what works for you.
There is no magic formula or secret sauce, you just have to take action and be persistent.
So what are you waiting for? Start building your passive income today!
P.S. For a start I suggest you take up Spencer’s Free Training and follow along. If you are committed then you can upgrade to “Affiliate Secrets 3.0”