HOW I MAKE $7,000 A MONTH IN PASSIVE INCOME ๐Ÿค‘ (My 5 Online Income Streams Explained!)


– So, back in January of this year, I took a trip to Florida,
I hung out by the pool, I went to the beach, and
I spent about 30 minutes each morning just
checking up on my emails. And, you know what is amazing? I made the exact same
amount of money that week as I made the week prior. That is why I make passive income. What’s going on, you guys? So today, we’re gonna be
talking about my business model, what percentage of my
income is passive income, and how exactly I am
making passive income. So, like I said in the
introduction there, guys, that is the main reason
why I make passive income. I wanna be able to go take a week off, go take a vacation, go
travel if I want to. If I wanted to I could
leave my house tomorrow and go to Bermuda for two weeks
and I would still have money coming into my bank account. Now, would I have to do a
little bit of work beforehand? I would. I would have to schedule some content for my membership site,
but that’s the beauty of my business model is I
don’t have to be present in order to make money. I can also run this business from a laptop anywhere in the world. And, these were the main factors
involved with my decision when I decided on this business model. I wanted to not be tied down
to any one specific location, and I wanted to have a flexible
schedule where I could work more when I wanted to, work
less or work not at all if I didn’t want to at that point in time. But, I’m gonna go ahead and
break it down for you here. I’m gonna show you what
my income sources are, whether or not they’re passive or active and tell you a little bit more
about the money I am making, and whether or not I actually
recommend this business model for passive income. But, before I get into that
video, I just wanna mention we did a 1,000 Like
Challenge on my last video. I said if I got a thousand likes
I would do this video here. And, we got a thousand likes
in less than five hours which was absolutely incredible. So, thank you so much, guys. But, I’m gonna do another
offer for you guys here. I usually don’t do videos on
a Friday because on Fridays I do my video for my stock
market membership site, Stock Radar, but if we can do
2,000 likes on this video here in the next 24 hours, I have a really interesting
video idea for tomorrow. I wanna talk about what would
I do if I lost everything, if I woke up and my
YouTube channel was erased and I had to start over,
what would I be doing? And, if you guys can do
2,000 likes on this video, I will put that up tomorrow for you. I think it would be a
really interesting video for those of you that are
looking to get started with earning passive income
or earning income online, but you don’t know quite where to start. I’m gonna tell you where I would start if I had to begin all over again. But anyways, let’s get
into the video here guys and talk about how I make
money, how I make passive income with my business. Now, is all of the money
I’m earning passive income? Absolutely not. A lot of it is actually active income. Some of it is somewhat
active, somewhat passive, and then a large amount of my income is what’s called residual income. So, it’s not passive in nature. It’s not as bad as active income where I have to be working for set hours, but I do have to continue to add content to my membership site in
order to make money from that. But, what I like about that
is it’s recurring income at that point so I know how much money I’m going to be making each month. Because the big downfall
to my other income sources, my passive income sources,
is that they fluctuate based on the number of views I’m getting as well as things like
the advertiser rates, and there’s a lot of different
factors involved with that that make it fluctuate and
that’s not really desirable when you’re looking at your income. You wanna have a idea of how much money you’re going to be making. So, just keep that in mind, especially with an online business. You’re gonna see a lot of fluctuations with the amount of money
you’re making every single week or every single day in some cases. So, the first way I make money is by the YouTube advertisements. And, I’m sure you guys saw an ad before you watched this video and so I get paid for
YouTube advertisements. YouTube puts ads in front of my videos and I get paid by that. Now, is that a good business model? I would say no and
that’s because I’ve seen 40% fluctuations in my ad revenue just based on the number
of views I’m getting as well as what advertisers are paying for ad space right now. So, imagine if you had a 40% fluctuations in your revenue each month, in some cases that’s not
really a desirable thing to have with your income. You wanna have a general
idea of how much money you’re going to be making. Now, is that passive
income or active income? I would say that it’s
80% passive, 20% active. And, what I mean by that
is about 80% of the money I am making in ad revenue is from videos I’ve done previously. I’m not doing anything to those videos, but I’m still making money from them. In fact, one video alone
on my YouTube channel covers my car payment
and that’s pretty cool that a video I did months
ago that I haven’t done anything to since pays
for my car every month. So, it’s pretty cool what
passive income can do for you. But, the thing is if I were
to stop making YouTube videos, then that passive income
would start to taper off and I would start making
less and less money. And, so it is still active in nature, because I still have to put out content in order to continue to
get views on my channel. And, if I stopped making videos, my income would definitely
start to dry up. Now, the second way I make money is through affiliate links and
this is 100% passive income. Now, this is a very small
portion of my income and really it’s because I don’t do a very good job with this. You can do a lot better
with Amazon affiliate links or other affiliate links if you
do a good job promoting them or if you mention a book or
a product in your videos, you’re gonna link it
up in the description. I really don’t do a
very good job with that. I just have my affiliate links
as in the books I recommend and then my equipment in the description of all of my videos. And, that’s purely passive income. So, every time somebody
clicks on that link and makes a purchase on Amazon,
I make a certain percentage of that commission, and I
also have affiliate links for Coinbase and Robinhood
in my description. And, so when somebody signs
up for Coinbase or Robinhood, I get a small kickback from that. But, that is completely passive income and it’s not a lot of
income, but it’s not anything I have to work for. It’s just from people clicking links in my description and me directing them towards a certain service
or a certain product. But, you could make a lot more money with affiliate links if
you spent more time with it and recommended more
products in your videos. And, a lot of people do this with blogs. They’ll have blogs where they
have Amazon affiliate links and they do like review sites where they’re reviewing products
and selling that product through Amazon affiliate links. And, I think you could
do a lot better with that if you had something like that. So, for the business I do, oftentimes I’m recommending books. That’s about an $8 item. And, if I’m making, I don’t
know, five to 10% of that, I’m not making very much
at all on that item. So, even when somebody
does click on my link and purchase a book,
it’s not like I’m making a ton of money off that. So, if you were recommending
a higher priced item, you would probably do a lot better with the affiliate links
than I’m doing here on this channel. And, then after that I
have my membership site and that is what I call recurring income because I’m making income
every single month from that. I have an idea of how many members I have in Stock Radar and it’s
a very consistent income. Now, that’s a plus for me
because my other sources of income are not very consistent. They fluctuate and so my
membership site is really the core of my business
and that’s what I know I can pretty much rely on because you know a certain percentage of
members are going to stay. A certain percentage are going to leave. That’s gonna be your churn rate. But, as long as more people are joining than you have leaving, then
you’re going to be building that over time and you’re gonna
have a nice recurring revenue. That’s actually my favorite income stream of all the income streams I
have related to my channel is that membership site just
because it is predictable in nature and I have a
general idea of how much money I’m gonna be making from that. Then after that I have my courses. That’s 100% passive income
because I made them in the past. I don’t do anything to them now. I mean, I do have the
Facebook groups that I go into and answer questions, but other than that, the courses run themselves
through Teachable and every time someone
buys them I get an email saying I made a certain amount
of money from that course, and it’s completely passive income. So, the membership site is
definitely recurring income, it’s not passive, but the courses are completely passive income
because I already made ’em in the past and I still
make money off of them. And, then finally I have
a few different avenues I make money with off of YouTube. Primarily it’s through
consulting and little bit of social media marketing
that I do on the side. That’s a very small portion
of my total landscape of my business, but that’s
completely active income because I’m actually out
there doing the consulting one on one with people or I am doing actual social media marketing. And, before you guys ask, this
is not investing consulting. This is usually something
related to building a following online and whatnot. I do a little bit of
one-on-one consulting there. Or general social media practices, helping out small businesses
with their social media. But, anyways guys, that is
how I’m making money online, that is my business. And, the big question
that I think you guys have is how much money am I
making in passive income every single month. It’s a really tough question to answer because like I said, a lot
of my income fluctuates. My ad revenue fluctuates plus
or minus 40% in some cases. But, averaging it out
over the last year of so, around $7,000 a month is what
I make in passive income. So, if I go off and I
were to take a month off from everything I was
doing, I would still make about $7,000 from my past efforts or the work I have done previously. Other than that, it is recurring
income or active income that I am earning. Now is this the best
model for passive income? I would say no. Because if I stop doing
what I’m doing here, if I stop making YouTube videos, then all of my income
streams are going to begin to dry up. But, at the end of the day I
love what I do here on YouTube and so it’s the best model for me. But, it might not be
the best model for you. And, if you’re purely looking
to earn passive income, there are definitely
better models out there. But, anyways guys, that’s
gonna wrap up this video. Thank you so much for watching. Keep in mind if I get
2,000 likes on this video in the next 24 hours, I
will do a video tomorrow talking about what I would
do if I had to start over from scratch, if I lost
everything, what would I be doing? But, anyways guys, if
you’re new to this channel make sure you subscribe and you hit that bell for notifications. Drop me a comment down below
if you have any questions, thoughts, or feedback. And, I will see you in the next video. If you are interested
(upbeat music) in learning more about investing in the stock market, I’ve created a free course just for you. The link is in the description below. Here are a few other videos
you might enjoy as well.

100 comments on “HOW I MAKE $7,000 A MONTH IN PASSIVE INCOME ๐Ÿค‘ (My 5 Online Income Streams Explained!)”

  1. Daniel Anderson says:

    Come on guys give those likes!!!!

  2. M M says:

    #TimeFreedom on fleek !!! โœ…๐Ÿค‘๐ŸŽฏ

  3. Jason L says:

    Ryan, it's great to see your channel doing so well. Good stuff, bud.

  4. Jason B Blake says:

    Good stuff content found you recently

  5. Joshua Manor says:

    Great video. I clicked the link to your website, on my phone, and it needs some attention. The first post is very old. It might just be the mobile version?

  6. 3dextrude Tutorials says:

    Do you advertise your course in other platforms other than Youtube?

  7. Alexandre Tremblay says:

    #StockRadar

  8. D4Dhaval says:

    Please make that video. I have done 5 likes with all my youtube accounts๐Ÿ‘

  9. TEGRA GAMING YT says:

    Really need that video please make it. My YouTube channel was deleted I had 14k by youtube

  10. Barry Asswhipe says:

    #stockradar

  11. Isaac Melicar says:

    #stockrader

  12. Paul says:

    7000 ๐Ÿ˜ฑ๐Ÿ˜ฑ๐Ÿ˜ฑ

  13. Oswald Twagira says:

    Hi Ryan, have you thought about selling on Amazon via FBA.? This could add to your income streams with little effort.

  14. MAGA ZOG says:

    Ryan, what you call "passive income"? I just call it day trading.

  15. Summer Vibes says:

    #StockRadar

  16. Tekyla Brown says:

    Come on guys bring on these likes come on

  17. Apple Crider - Young Smart Money Podcast says:

    Ryan you truly are an inspiration to me. How would one learn more about your consultation services?
    ๐…๐ข๐ง๐š๐ง๐œ๐ข๐š๐ฅ ๐‹๐ข๐ญ๐ž๐ซ๐š๐œ๐ฒ ๐…๐จ๐ซ ๐‚๐จ๐ฅ๐ฅ๐ž๐ ๐ž ๐’๐ญ๐ฎ๐๐ž๐ง๐ญ๐ฌ ๐‚๐ก๐š๐ง๐ง๐ž๐ฅ
    ๐Ÿ‘๐Ÿ–๐ŸŽ/๐Ÿ๐ŸŽ๐ŸŽ๐ŸŽ ๐’๐ฎ๐›๐ฌ๐œ๐ซ๐ข๐›๐ž๐ซ ๐†๐จ๐š๐ฅ

  18. Alise G says:

    #StockRadar

  19. Action Zach says:

    If you had to begin all over again…. start with Network marketing.

  20. Dufferin Culpepper II says:

    Great content. What camera do you use?

  21. DM2602 says:

    #StockRadar

  22. Fisher Theo says:

    Damn Ryan at 4:26 u just got personal. Now your gonna have to explain to Us why havin' a liability like a Car Payment is okay.

  23. Kathy volpe-schaffer says:

    I like your new office.

  24. Alec Karanikolas says:

    good vid, any advice for a new youtuber?

  25. Alec Karanikolas says:

    also, how do you make money from the robinhood affiliate link after the $500 limit

  26. MskhanPk Media says:

    May Be Dream ? Yes its dream to earn like around you !

  27. MangaMango 2 says:

    Your $7,000 per month income will be the cost of 1 weeks vacation in Bermuda! ๐Ÿ˜‰ Enjoy your stay at either Princess (Hamilton/Southampton), The Loren, Carolina Bay, Tucker's Point, Elbow, Newstead. Travel by renting a Twizzy! Enjoy!

  28. Janko K says:

    Where do you buy your shirts?

  29. Peter Siapno says:

    Love your content very informative.

  30. Sam Shaw says:

    So Ryan, you aren't receiving any passive income via stocks, bonds, investments of such?

  31. Rick P says:

    Ryan, you must earn some passive income from your income investment funds? Also, invest in property! Keep up the great videos ๐Ÿ‘๐Ÿฝ

  32. Gravel Slinger says:

    Thank You SOOOOOOO MUCH, Ryan Scribner!! You Provide SOUND BUSINESS ADVICE which is so rare to find these days!!

  33. thexdragon2003 says:

    what a joke .u make money by selling ideas of how u make money hahaha typical

  34. Devin Cranston says:

    Quality videos like yours make ads alright, thank you for the information man!

  35. Ed Saucedo says:

    Love the transparency! Thank you for sharing these passive income ideas! Passive income is THE WAY TO GO, especially if you have a long term mindset

  36. Dean Ferradaz says:

    Valuable information Ryan, keep doing you bud! #StockRadar

  37. Trending Clipz hiphop says:

    ๐Ÿ™๐Ÿ™๐Ÿ™๐Ÿ™๐Ÿ™๐Ÿ™๐Ÿ™๐Ÿ™

  38. Md Bappi Hossain says:

    soccer onak vlo apps kaw kaj korla whatapps 01729193117 knock koran

  39. zitzak40 says:

    #StockRadar

  40. ron sylvia says:

    Warren buffet is a great example of making passive income, he owns major amount of shares in coca cola a trademark company (product cannot be pirated because of trademark ) he makes 3cents ever time someone purchases a coke anywhere in the world, and with 7.5 billon people on the planet he makes millions while he sleeps and that's only one of his thousands of ventures

  41. Mark Castellanet says:

    How much do you make after taxes? Is it considered passive for tax purposes?

  42. ADOBEFXPRO says:

    Hey bud, can you make a video on how to find & learn from mentors? One thing i've learned in my 22 years of living is that you need guidance by those who have already made it financially. My issue is that i'm not around a crowd of winners and would love to change that.
    Thanks in advance!

  43. ukGav says:

    1. YouTube Advertising (80/20% passive/active income)
    2. Affiliate links (100% passive income, but small, see description for examples)
    3. Membership Site (Recurring income, his favourite income of these 5)
    4. Courses (100% passive income)
    5. "Off YouTube" Consulting / other things not very well specified (Active income)

  44. Jeff Wybo says:

    Got here from Graham's Channel! Awesome so far and subscribed!

  45. UNLEASHING POTENTIAL - PSYCHOLOGY VIDEOS says:

    I'm working on getting my 7 streams of income but currently have one down, and working on two others. Great vid Ryan, keep up the great work.

  46. Justin Desjardins says:

    9:13 – Illuminati Confirmed

  47. Aaron Benson says:

    You have a ton of knowledge and are very smart! I love your videos and you don't beat around the bush like other "make money quick" sites. Definitely watching more

  48. Micah Buzan says:

    You inspire me to try harder at passive income.

  49. ReggaeEli says:

    I need some help. What if I do not have a focus for a channel. What should I do??

  50. hojofan says:

    Hello Ryan!! You have a wonderful informative channel. I was surprised when you said you have car payments. Car payments?? It's always best to pay cash and to be as debt free as possible so that you don't waste any money on interest to anyone. For someone that's as savvy as you are at your age I was just surprised when you brought that up in your video.

  51. Jenna Gordon says:

    Great video but same idea as as every single other passive income video idea I really want something new besides making videos courses and affiliate marketing

  52. Dominic Placencia says:

    Why do you still have a car payment if youโ€™re making so much money?

  53. Darren Chissell says:

    Great content, subbed ๐Ÿ‘

  54. Scarewolf says:

    #StockRadar

  55. Clausti says:

    #StockRadar

  56. Francisco Guerrero says:

    Thank you!

  57. Ereace says:

    #StockRadar

    :3

  58. Ereace says:

    Hey, Ryan :3 (or anyone who has an answer)

    Robinhood isn't available in my country. Do you know an international alternative??

  59. Dinero y Cultura says:

    #StockRadar#StockRadar#StockRadar#StockRadar#StockRadar#StockRadar#StockRadar#StockRadar#StockRadar#StockRadar#StockRadar#StockRadar#StockRadar##StockRadar#StockRadar#StockRadar#StockRadar#StockRadar#StockRadar##StockRadar#StockRadar#StockRadar#StockRadar#StockRadar#StockRadar##StockRadar#StockRadar#StockRadar#StockRadar#StockRadar#StockRadar##StockRadar#StockRadar#StockRadar#StockRadar#StockRadar#StockRadar#StockRadar

  60. PANT3RA says:

    Saw an ad before I watched this video? Nope! I've been using ad naseam. So it blocks, but simulates a click to the ad, screwing over google and youtube since they're liberal pieces of shit.

  61. anti lag says:

    I subscribed yesterday a lot of eye opening information on your channel. I'm 22 years old still at home with minimal bills making $18.77 now 42 hours minimum every weekand will top out in 3 years around $26/hr. Im going to start putting $1000 a month into a Roth IRA within the next 6 months while my income to bill ratio is still NICE. Going to learn as much as i can from your channel to see how I can make my money work even more for me. Thank you for this channel. #stockradar

  62. Big Member says:

    I wish you would go more into affiliate marketing I know you said it wasn't a big factor for you but I'd still be interested to hear what you have to say

  63. Rock and Evolve says:

    Wondering why there is a poster of the wall street crash…

  64. Gabriel Waggoner says:

    What type of car do you have?

  65. Trade Moore says:

    You explained your 5 online income streams and how you use them to earn passive income really well Ryan. I'll remember this for next time! Keep up the great videos…

  66. james sedlacek says:

    #StockRadar

  67. Biff says:

    Actual info starts at 2:30 if you wanna skip the part about begging for likes.

  68. David Aragon says:

    May the Lord and savior Jesus Christ bless you

  69. MrNihilist74 says:

    Is it just me or do all the guys who earn "passive income" earn by making websites, videos, books or other things that are supposed to teach you how to earn "passive income".

  70. Cliff DaRiff says:

    I like your channel. Passive via dividends is a great way to go long term if u are young ๐Ÿ˜Ž

  71. Zachary Laid Finding Freedom says:

    Didnโ€™t mention your dividends from stocks

  72. DAVID Y says:

    watching at 1.5x speed ……….

  73. Hans CakeStealer says:

    Hey i tell people how to make money from watching me earn money off you watching me make money epic waste of time.

  74. Derpy Zero says:

    I swear if I make 2 dollars in the first month I'll be satisfied enough to keep up.

  75. FacTor Gaming - Brawl Stars says:

    #StockRadar

  76. n9nebraker says:

    TBH Your 10 minute video could have been less than 5 minutes if you were to cut out all the bragging I use Ad Block Plus so thankfully I don't have to see any ads 9:07 and pause,
    I also make passive money doing things on the side of things that I do normally.
    Life is fully of opportunity.

  77. ๅผ Zoe says:

    I am in China so I gave no sense. Is 7000 per month a large amount of money.

  78. L Doby says:

    Just another carnival barker.

  79. Hank Aโ€™Deen says:

    Go work a real job like true Americans. Get your hands dirty and maybe even sweat a little you snob. Quit depending on others to help pay your bills. Go work for it out in the real world. Also you quit a real job? You donโ€™t even know what a real job is

  80. Mike De Leon says:

    Hey there Ryan, thanks for the inspiration. I just need to iron out the details of my passive income idea. Mostly likely its a blog since I can write decently and I like to educate. Similiar to your youtube channel. I hope I can get this done. Maybe you can share some tips/ideas about my future blog. Thanks again for the inspiration ๐Ÿ˜Š

  81. Shewtur says:

    Okay, drinking game; every time he says โ€œpassiveโ€ you take a drink.

  82. Healthy Acne Tips says:

    The best way to make money in stocks is to be born at the right time. Seriously ๐Ÿ˜Ž๐Ÿ˜Ž๐Ÿ˜Ž

  83. Zeeko Major Zeeko Major says:

    #StockRadar

  84. Millennial Music Money says:

    Wow! For someone making less than $100 a month from passive income, this is very inspiring! I love your transparency! You make great videos.

  85. Mauricio Siles says:

    Hi Ryan… I'm curious about who much you make in your Instagram Investingsimple? I am a follower and I like it pretty much. I didn't know you are the account owner up until yesterday.

  86. CrazyBeard Gaming says:

    Man you do so many things.! I have also started a gaming channel.! Will go step by step everyday.

  87. Damon Keizer says:

    Very clear breakdown, passive income is such a powerful concept! Thanks Ryan!

  88. Desislava Mustakertcheva says:

    How would you invest 50000$in Canada stock market. Help. I'm new in this. I'm seeing on Monday investor to talk to me about this. I like what you saying. I learn a lot. I'm new. I wanna my money to work for me. Make money for me. Which mutual funds in Canada stock bonds to invest. Please help as soon as you can. Thank you

  89. jon snow says:

    I need help!!
    Who amongst you lovely people have worked with Tradeallies (www.tradingallies.com)
    I need to know it they're legit.

  90. legalise nature says:

    Since you asked for likes I disliked instead. Dont ask for that shit, its cringe bruv

  91. Rhomadona Efendi says:

    Indonesian people love you ryan… Keep motivated..๐Ÿ’ช๐Ÿ’ช๐Ÿ’ช

  92. Makemoneyonsite says:

    Great content Please see my site thanks

  93. Ryan Scribner says:

    FREE 5 Step Money Making Blueprint: http://www.ryanoscribner.com/start
    Follow Me On Instagram: @ryanscribnerofficial

  94. Johnathan Grey says:

    Are you Irish?

  95. thebibleformula says:

    We must work hard and work smart.

  96. EARN ONLINE FROM 1000 DOLLARS A DAY says:

    Everything is very specific and clear….

  97. Savio Gomes says:

    That globe in the background looks beautiful. Where did you get it from?

  98. Tony Vasquez says:

    this is the most amazing thing i have ever seen hilltophackers,wordpress,com offered me $4,000

  99. Beverly Yeager says:

    your hack service is so legit thanks for making me another $8500 > hilltophackers,wordpress,com

  100. Hแบกc Giแบฅy Thiรชn gia says:

    So i have to have 5 jobs?

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