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How to make wealth and passive money with YouTube?
How many days can you survive if you lose your job?
Wealth Making and Passive Money: YouTube
According to Robert Kiyosaki, great financial teacher, the definition of true wealth is:
"The number of days you can survive without physically working and still maintain your chosen standard of living"
There are so many famous actors and actresses that earn million of dollars this year and next year, they are in the news for bankruptcy. You can be earning million of dollars per month in your office job. However, what makes a person wealthy is his ability to receive income in his bank accounts even without his job.
Thus, it is important to create multiple sources of passive money to be financially sound and wealthy.
How to generate passive money using YouTube?
YouTube as source of passive money
YouTube videos has become a big hit by internet surfers. Now, you can use this opportunity to turn this into new source of making passive money. Once YouTube finds that your videos are of good quality, they do revenue sharing for advertisements.
As people are generally more inclined towards watching than reading or writing, YouTube is the trend of this generation. If a youngster wants to listen to his or her favorite video song, he or she will just type in Youtube and there comes the video. Similarly, if an investor is looking for some technical analysis videos, at a click comes the video. It is very easy and useful.
YouTube is a very easy platform to post your videos. You just need to register and open an account. You can create your own channel and once you have good views, you can start generating revenue and passive money. Here, are few ideas about what topics are hot in YouTube and might be easy to start with:
1. Interesting and Unique Food Recipes, is very popular in YouTube. Many people who enjoy cooking and have some special recipes from their grandmothers or newly discovered, share their recipes. You can just buy a good quality video camera and record while you are cooking your favorite and unique recipe. If it becomes viewer's favorite, you are going to enjoy it double.
2. Children educational video songs and nursery rhymes, is another famous topic in You Tube. Many parents want their children to listen and watch educational videos as it will help them in their studies. They can get a little break while their children learn and enjoy. Children also enjoy singing and learning. So, You Tube is a family favorite channel.
3. Individual Investors, are searching YouTube for some good tips to make money fast and easy. Yes, finance is another excellent area if that is your expertise. It can be something about making money online, trading techniques or any new source of becoming rich.
4. Repairing or Installing Washing Machine, Air conditioning and other electrical goods. Today, when people want to repair something at home, they don't knock their neighbor's door, they click Youtube. So, for those who are good in technical skills, this can be a good way to use your talent to generate passive money.
The list has no end. Basically, if you have a unique idea and talent, you can put it to work and see the miracle. Yes, YouTube is a great platform for anybody who is patient, diligent and eager to generate new source of passive money. Anything new takes some time to become success. Thus, if we want to become true wealthy, we need to plant seeds and let them grow. Harvest will come in its own time.
More Ideas about Passive Money:
- How to be rich and make money using dividends?
Dividends make good money and provide cashflow. REITs, Real Estate Investment Trusts offer good dividends. Mortgage REITs offer a dividend yield of 10-20% which is quite high as compared to normal stocks.