7 Passive Income Ideas - How I Make $67k per Week

The biggest lie young people are told when they're 18, 19, and 20 is that money doesn't grow on trees. This process starts in school when we're taught to follow the traditional path of getting a job and a mortgage, which leads to working every hour of the day just to earn enough money to retire at 67 and finally die. Let's be real for a second: do you think that's how I make sixty-seven thousand two hundred and fifty-seven dollars per week?

There is clearly something else going on, and no, I'm not talking about getting a high-paid job or starting a side hustle to achieve this. You need a way of making money that doesn't rely on you working day in and day out. It's called passive income, and here are seven ideas I strongly suggest you consider, along with my ratings for each idea.

Idea one: invest in stocks. There's a bit more to this than just "invest in the stock market and you'll make passive income. " I mean, I can see why people might think this because, let's say you buy a share in a company and it goes up in value.

Technically, you've generated some money without doing anything, but in order to actually get your cash out, you have to sell your stock. Some would consider this passive income, but instead, I just think of it as a bonus, not something to rely on. I consider passive income as nothing less than actual money flowing into your bank account every month without the need to sell the asset that's making you the money.

That's why the only form of stock market investing I consider to be real passive income is dividend stocks. These are chunks of companies you can buy—think Starbucks, Pepsi, and McDonald's—and in return for owning them, you get a share of the profits paid directly into your pocket, as well as benefiting from the stock going up in value, which is a bit of a bonus. They're one of the easiest ways to make money on a consistent basis with absolutely no work.

Well, that's as long as you pick the right ones to invest in. I strongly suggest you listen to this next part carefully so you avoid making any crucial mistakes. To help you sort the good from the bad, dividend stocks are ranked in a kind of social hierarchy.

At the top, you have dividend kings. These are stocks that have not only paid a dividend but have actually increased it for 50 years in a row. Under that, you have the dividend aristocrats.

These are the stocks that have increased their dividends for 25 years. That's where the official definition stops, but I like to think of the stocks under this as the dividend working class. Sure, some of them will eventually become aristocrats and kings; however, it's very hard to tell which ones will make it.

I'd be very cautious with these, as a lot of people get drawn in by companies offering extremely high dividends. I can understand why, but remember, as much as it's about the amount of money you're being paid, it's also essential that it's sustainable long-term. So, you can easily compare these seven ideas.

I'm going to rate them in three different categories. Firstly, how much time does dividend investing take? I'll rate this a one out of five, as all you have to do is download an investing app, deposit some money, and buy a few dividend stocks.

Look, this isn't financial advice, but some apps I'd recommend are Moomoo for the U. S. and Lightyear for the UK and Europe.

Apps like these often give out free stocks for joining, so if I find any, then I'll pop them down in the description below. Secondly, how much money do you need? I'll give this a five out of five, as it's so quick to do.

The trade-off is that you need a lot of money invested to make a significant income. Thirdly, how easy is it to make a hundred dollars per week? This also gets a five out of five.

Let's do the math. As dividends are calculated on a yearly basis and are paid out at the end of each quarter, let's first work out how much money you need per year, which is pretty simple. There are 52 weeks in a year, so let's multiply that by 100, which gives us five thousand two hundred dollars.

Now, let's say we invest in one of my favorite companies, Starbucks, which currently pays an annual dividend of 2. 4%. In order to make five thousand two hundred dollars per year, or a hundred dollars per week, you would need to invest a grand total of, wait for it, 216,600.

66 dollars. Now, I know what you're thinking: this sounds great for people that already have money. But what if I'm just starting out?

In that case, it's a much better idea to use your time instead of your money to make passive income, which is what the next idea is all about. Idea two: automate a side hustle. A lot of people don't understand the difference between a job and an automated side hustle.

When I was younger, I had a friend named Jamie who had a small dog training business. He was fantastic at what he did; I remember him taming the craziest of dogs. One day, when we were sitting in the park, I asked him how much money he made, and I was surprised to find out he was only just getting by.

It didn't really make sense to me how such a skilled person, who obviously had a lot of value to give, was unable to make the money he deserved. If we put aside the fact that he probably wasn't charging enough, we get to the real issue, which was the business model. He only had a limited.

. . amount of hours he could sell and dogs he could train.

Therefore, he could only earn so much before his potential was capped, as at the time there was no way to automate and scale it. But now we have the internet; these little side hustles can become much more passive and make a lot more money. So how do you go from having a skill like Jamie to having an automated side hustle?

Well, here are the steps I'd take, and I'm pretty sure I could turn a small side hustle like Jamie's into a million-dollar business nowadays. Firstly, you have to identify what you're really good at. Ideally, you should have some kind of unfair advantage.

But this is where the majority of people get caught in the same trap as Jamie, as they start to sell every minute of their time for a small amount of money. Instead, you need to focus every waking hour on building a digital asset of some kind. So Jamie, this could have been a blog where he talked about training dogs, a manual for owners to train their own pets, or a course that teaches other people how to start a dog training side hustle.

Secondly, when you've decided what kind of digital asset you want to build, you have to put it on the internet so that your future customers can find it. The best solution I've found for this is a tool called Hostinger, which is an all-in-one platform. I'm talking hosting, website builder, logo maker, and a free domain name with an annual plan.

I'll personally choose this, as the drag-and-drop website builder makes it so easy, and I don't have any coding skills. Then it's just a case of effectively advertising your digital product on social media. I'd highly recommend making viral TikToks about your product, as you can reach so many people without too much time and effort.

So how much time does automating a side hustle take? Well, if you're doing it on your own, I'd give it a five out of five, as it does take a while to build the digital product, and then you have the added headache of making a website. However, if you do decide to use something like Hostinger, then I'd give this a three out of five, as you don't need to worry about having any technical or design skills for the website.

You can just use the built-in AI website builder to make the website for you, or alternatively, you could use the designer-made templates, which is great news for a novice like me. But for the people that are a bit more knowledgeable, you can further grow your website by choosing the WordPress option. Now, let's talk about how much money you need.

I'd give this a one out of five, as this passive income idea is way more about spending your time than your money. It depends on what digital product you want to build, but if it's just a course of some kind, you can do all of that on your laptop using a program like Canva. When it comes to hosting it on the internet, if you get hosting as a 24-month plan, it comes out at less than three dollars a month.

I've actually been using Hostinger for a while now, so I thought, as I was mentioning it so much in the video, why not reach out to them and see if I could get a discount? They actually did get back to me, so if you use the code Mark Tilbury, you'll get an additional 10% off. I'll leave a link in the description below.

Finally, the part that everyone wants to know: how easy is it to make a hundred dollars a week? I'd give this a one out of five because once you're up and running—let's say you price your digital product at $25—all you have to do is make four sales a week, and you've made a hundred bucks. So within a couple of weeks, you can make all your money back and then start making profit.

This is easy enough if you're posting TikTok videos every day; you might even get a really viral one and end up making way more sales than you initially expected. And that brings me perfectly on to idea three: make online content. For decades, millions upon millions of dollars have been hoarded by the traditional media.

I'm talking about the radio stations and television networks. The public had no idea how much money was in advertising until YouTube opened their doors for the public to create their own content. Then the curtain was well and truly lifted.

The traditional media hate it, and that's why every opportunity they try to discredit social media. The people leveraging online content are dipping their hands into the previously extremely guarded money pot and rightfully taking their fair share. It still shocks me how some people don't understand how content creators make money.

I mean, the concept of advertising is hundreds of years old, and online ads are far more trackable than just putting a random advert on the TV and hoping it increases a business's sales. Here's the best piece of advice I've received about social media: it's not if you do it, it's how well you do it. So how can we use it to make money?

Well, as I previously mentioned, you can start a YouTube channel, and once you reach a thousand subscribers and 4,000 watch hours, you can start getting paid from the adverts on your videos. Whenever I say this to people, they come back with something like, “Well, the people that succeed are just lucky. ” Maybe this was the case a couple of years ago, but now, if your content's good and designed for the algorithm, you will be successful.

The harsh truth is too many people think their content is good. When it's actually just terrible, and no one wants to tell them this, it's because they only ask family and friends who sugarcoat the truth to protect their feelings. If you want an honest judgment, you need to ask people who don't care about offending you.

Care more about people who don't care about you. It's best to pick whatever you feel the most comfortable with, be that writing, taking photos, speaking into a microphone, or recording a full-blown video. As long as you can capture people's attention, then you're on to a winner.

It's also worth mentioning that picking a niche is important. In the early days of the internet, you could get away with talking about anything and everything, but now there is so much competition that you need to specialize in something in particular. Think about it like your favorite TV show; every time you tune in, you kind of know what to expect—similar characters, locations, and storylines.

So, you want to make sure your viewers know what kind of content you produce, and put it out on a regular basis. This also makes it a lot easier for you to attract sponsorship opportunities. I like to think of every video I put on this channel as a little asset that will make me money for years to come.

It also helps that it's extremely fun to make content. So, how much time does content creation take? I'm going to give this a 5 out of 5 rating, as it's one of the most time-consuming things in the world.

I'm not going to beat around the bush, but making content is a long, hard process. I mean, this video has probably taken us more than five days to produce. However, the upsides are worth it, in my opinion.

Just think: the harder that something is to do, the less competition you actually have. Now, how much money do you need? This is a 1 out of 5, as you really don't need much to start.

I see way too many people buying the latest equipment or going on crazy long courses to learn how to create content. This is a terrible idea. You just need to become an avid consumer of whatever you want to create, take the good parts from all of those different things, and then mix them with your own ideas.

There's a great book about this called "Steal Like an Artist. " Most importantly, how easy is it to make a hundred dollars a week? Well, this has to be a 1 out of 5 too.

Within a couple of months of starting this YouTube channel, I was able to make more than a hundred dollars per day, and you can do the same. No wonder the traditional media wanted to hold all this money for themselves; the opportunity is insane. Idea four: Start private investing.

Now, I want you to imagine you're an investor on Shark Tank. An entrepreneur walks in with an incredible business you think you can help with, and they're looking for some money to expand. You have the opportunity to get in on the ground floor of this business.

Are you going to take the risk? How about if you're having a conversation with a family member and they share their plan for a world-dominating business, and they just need a small amount of money to start? If you are suggesting private investing could be for you, your first step is deciding which kind of private investor you are.

There are two main types: sharks and angels. Some stay angels, and some morph into sharks, but it'll help you to know the difference. Angels often invest in businesses run by friends and family.

They often don’t have lots of money nor an interest in taking control of the business; they're generally seen as nicer and more forgiving, hence their name. On the other hand, sharks may invest small amounts of money but have deeper pockets. They may also seek a controlling interest at the start, as they're confident their expertise can make the business more profitable and therefore grow their investment.

I'm personally more inclined towards the shark end of the spectrum, as I like to have as much control over my investments as possible. But whichever private investment strategy you pick, you can also combine it with content creation. Believe it or not, the actor Ryan Reynolds is a great example of this.

He's one of the smartest people on the planet right now, and I'm not exaggerating. He's extremely good at playing the everyday guy, but under the mask, he's a business-savvy venture capitalist with many multi-million dollar exits under his belt, giving him a net worth of over 350 million dollars. He finds interesting companies, offers to buy a small percentage as an angel investor, uses his social media to drive up the value, and then when the company sells, he gets a huge check for tens of millions of dollars.

This is almost all passive income—genius! Now, of course, Ryan is a worldwide star, but you can replicate this strategy on a smaller scale and use it to make a lot of passive income. I mean, even if you could replicate one percent of his success, that would give you a net worth of 3.

5 million dollars. So, how much time does private investing take? I'm going to give this a 2.

5 out of 5, as it takes a while to find a business that you really believe is worth investing in. Don't just jump into anything; take your time and carefully consider if you can see that business being successful in the future. You also have to ask the entrepreneur how dividends will be paid and their ultimate exit strategy, as that's how you're going to get the majority of your money.

The actual investing part doesn't take long, as it's just the case of. . .

handing over the money and being assigned your percentage of the business. Now, how much money do you need? I'm going to give this a three out of five because it really depends on the business that you're investing in.

I've personally invested anywhere between a thousand and a hundred dollars. Of course, the earlier you get in, the less you're going to have to invest, but also the more risk you're taking. So, you have to decide how much risk you're willing to take.

If you do this, I'd also recommend making more than one investment, as I've often found that one good investment can make up for nine bad ones. But importantly, how easy is it to make a hundred dollars a week? I'm going to rate this a two out of five because it really depends on your negotiation skill and how much you invest.

I've invested five thousand in a business and helped them to upgrade their equipment, as well as helping them grow their client base. I started making an easy hundred dollars per week in dividends. The more value you can offer, the more you'll get in return, as you are taking money out of the entrepreneur's pocket but instead helping to grow the pot of money for everyone.

**Idea Five: Become an Affiliate Marketer** I remember when recently a big bank had a promotion. My son's girlfriend sent a sign-up link to all of her friends, letting them know that if they downloaded the app, they could get a free ten dollars. She was shocked by the results; every few hours, a new friend had signed up and thanked her for the free cash.

Before she knew it, thirty of her friends had signed up using the link, and she'd hit the limit. But she wasn't just doing this out of the kindness of her heart. Although she's a kind girl, she also got paid ten dollars for everyone that signed up, meaning that day she made three hundred dollars just sitting in bed, texting a few people.

Just imagine if there wasn't a limit; she could have made far more! This is essentially affiliate marketing, but real affiliate marketing doesn't have a limit, so you can make as much as you want. It's considered to be one of the simplest yet most profitable ways to make money online, as it doesn't require you to have any extra skills or previous experience.

All that's typically needed as an affiliate is a passion for your niche and strong persuasive skills. Think about all the products you love and maybe even use on a daily basis. The chances are that other people will also like those products, and you are the perfect person to sell them.

Most big companies have an affiliate scheme, so all you have to do is go onto their website and do a bit of digging. If you can't find anything, it's worth reaching out to them directly and asking if you can become an affiliate. There are also websites like impact.

com where you can see a lot of different affiliate schemes that you can easily sign up for. Now, you have to make some noise. You can do this by writing blogs, using social media, or posting reviews.

You may have already seen this done on TikTok with those videos about Amazon products you need to buy. Every time someone buys through your link, you, as the affiliate marketer, receive a kickback and make a profit. But bear in mind, if you're doing reviews, you should actually purchase the product and test it using it over a period of time.

A report in your findings will make sure your content is useful and genuine. One thing to keep in mind before you start affiliate marketing is to consider how you can provide value to your audience that exceeds what you get in return. So, how much time does affiliate marketing take?

I'm going to give this a 3. 5 out of 5. I'm not going to lie; it's going to be hard to begin with, so it's important to have realistic expectations.

While it is a great way to make money online, it's not a get-rich-quick scheme. It requires patience and a willingness to learn. It's totally understandable to feel discouraged if you don't see results right away, but keep in mind that success in this field takes time.

You need to build trust with your audience and create valuable content for them. Now, how much money do you need? This gets a one out of five because you don't need any money whatsoever.

That's assuming you already have a phone or a laptop you can use to access the internet and make your content. But how easy is it to make a hundred dollars a week? I'm going to give this a two out of five.

If we take the example of my son's girlfriend, she was kind of doing affiliate marketing without even knowing, and she managed to make three hundred dollars in one day. Of course, this wasn't very passive, as she was texting people. However, once you have your content up and running, it will do most of the heavy lifting for you.

It's been reported that affiliate marketers earn an average of sixty-six thousand twenty-nine dollars per year passively, with earnings ranging from thirty-five thousand up to one hundred twenty-four thousand dollars. **Idea Six: Create a Digital Tool** My best friend decided to do this, and now he's a multi-millionaire who spends more time on vacation with his wife than he does at home. He noticed a gap in the market for a digital tool that helped large membership organizations keep track of all their customers' data.

At first, he decided to sell his software as a one-time purchase; however, he always had to search for a new customer when he made the. . .

Switch to a subscription-based model. He was able to make a very predictable amount of passive income every month. Well, I say passive income; of course, he still had to offer support to his customers, but eventually he hired people to do this for him and was completely hands-off.

He later went on to sell his business for multiple millions. Before you start thinking you have to be some kind of nerd to create a digital tool, hear me out: The most important thing to do is to identify a problem that needs solving. Often, you find people who have the ability to code aren't that creative and need a lot of direction.

So, if you can't code, then you can be the ideas person, the business brain behind the talent. You then need to pick the customers your software is going to serve. There are two main categories: business or consumers.

Serving other businesses is often seen as the least risky, and you can make more money per customer. When you've got this, you'll really be able to see how people respond to your solution. You've got to make sure you aren't too attached to your ideas, as you may find it doesn't actually fix the problem you intended.

Therefore, it's very important to be able to adapt your digital tool after receiving criticism. Even if this isn't something you think you can start right now, it's worth just noting down problems you see businesses are facing, just in case you stumble upon a solution no one has thought of before. So, how much time does creating a digital tool take?

I'm going to give this a 5 out of 5. Not only does the process of coming up with the idea take a long time, so does the testing and the building of the tool. So, if you decide to go down this route, I don't want you to be under any illusions.

Make sure you don't sink years into building the final tool before testing it, though. I've seen way too many people do this and realize they've just ended up wasting years of their life on something no one wants. But like I mentioned with my friend, if you do manage to build an amazing digital tool, then it will pay you a consistent stream of passive income, and you'll have the added benefit of being able to sell it for potentially millions.

Now, how much money do you need? I'm going to give this a 3. 5 out of 5.

That's making anything like this. It's going to cost you a decent amount of money. However, there are two things you can do to bring down your costs.

Firstly, you can partner with a coder, and therefore you won't have to pay for his time, but you will have to give away equity. Secondly, once you've made your first version of your product or MVP, if it's good, you'll start to get some interest from angel investors. At this point, you have to make the decision to either keep using your own money—known as bootstrapping—or take on investment in return for giving away equity in your business.

But the big question: how easy is it to make a hundred dollars per week? This is a 1 out of 5. If you manage to build and fund it to a stage where it can be released to the market and where to price your subscription at twenty dollars a month, then you'd only need 20 paying customers, and you'll be making a hundred dollars a week.

Of course, you will have other expenses, but these will be limited to customer support and software updates. It's also likely you'll charge a lot more than twenty dollars a month and have a lot more than 20 customers. I must spend at least a thousand dollars a month on digital tools, so the money's definitely out there.

So, we've talked about investing in assets and building your own, but one thing that often gets overlooked is actually making money from the assets you already own, which brings me on to idea 7: rent out your stuff. Most people don't realize that they're sitting on a gold mine. They could already own what they need to make some passive income.

I remember a few years ago, one of my friends revealed to me that he was struggling to pay his bills. I then suggested he rented out his driveway to make some passive income. He looked at me and laughed, but then a few weeks later, he texted me back and said it was working amazingly.

This is because he lived near Bromley train station, which meant he could charge people seventy dollars a week to leave their car on his drive when they went to London to work. He had capacity for two cars, so he was actually able to make a hundred and forty dollars a week in extra passive income. I'm aware not everyone has a driveway to rent out, but most people have something they could use to make money.

Make a list of everything you own and see if anything jumps out at you. A few ideas that come to mind are storage space, such as an attic or a basement; a vehicle; camping equipment; camera gear; a garage; or a spare room in your house; or, dare I say it, money! Of course, you could always go down the route of buying a second property to rent out, but you would need a considerable amount of money to do that.

The world is definitely becoming more familiar with rented things; as things are getting increasingly expensive, renting out your stuff can be a great way to actually justify buying the asset in the first place. I mean, if I knew that an expensive camera would pay for itself after a certain amount of rentals, then it makes sense to. Buy it once you've thought of what you can rent to others.

All you need to do is find an app that matches you with potential customers; there are so many of these. In the past, I've used Fat Llama to rent camera equipment and camping gear, Turo to rent vehicles, and Airbnb to hire filming locations. Peer-to-peer lending platforms also make it possible for you to essentially rent out your money to others.

While it does involve some risk, many lenders have successfully generated a nice income from this investment. For example, Prosper, one of the leading platforms, has an average historical return of 5. 4%.

So, if you're willing to take a bit of a risk, this could be a great option to explore. So, how much time does renting something out take? I'll give this a one out of five because all you have to do is take a few pictures and upload them to an app or website that does all the work for you.

The biggest drawback of this is the potential risk involved; not everyone will take the same degree of care with your items as you would. That's why having some kind of insurance is important; normally, this comes with the platform that you decide to use. Now, how much money do you need?

I'll also give this a one out of five because if you're just renting out things you already own, it's not going to cost you anything. The only cost will be if you decide to get separate insurance or if you decide you want to buy things in order to rent them out. And the big question: how easy is it to make a hundred dollars a week?

I'd give this a two out of five, as it's very easy if you have enough assets to rent out. Most people have a house they can use to make an extra hundred dollars a week, even if that means renting out a driveway or a spare room. If you'd like to know how you can get ahead of everyone else this year, then you can watch this video next.

But don't click on it just yet; make sure to subscribe if you want to grow your wealth. Okay, I'll see you over there!