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I think it's much better to approach these business models as

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active. So you can delete the word passive out of your vocabulary. The

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simplest way if you want to do it, it's the most effective passive income stream ever

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is dividends from index funds or stocks. You buy a piece of

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real estate and rent comes into your bank account from the tenant. If you

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get a property manager to look after it, it's fairly passive. Network marketing,

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I've been able to build passive income out of this. It starts off as

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active income, you actively have to build it, it's not that easy. Podcast, this

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is also semi-passive because... I'm Lloyd James Ross, seven-figure

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investor and entrepreneur, and I've helped thousands of business owners and

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professionals turn financial stress into success. If

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you're stuck in old money habits, overwhelmed by investing, or unsure where

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to start, This is for you. I'll give you the mindset and

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strategies to take control, grow your wealth and achieve financial

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freedom. It's time to make your money work for you. But

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this is 10 passive income streams starting from number one, the easiest,

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the most effective passive income stream ever. is dividends from

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index funds or stocks. This is absolutely passive. You can buy an

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index fund and you can literally be paid consistently from

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dividends from the fund without lifting a finger. It is the most passive

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income you will ever get in your life. How do I know? Because I

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have it and it takes the least amount of effort from me. It's the easiest to start

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and the easiest to manage. So it gets double green light. That's the best. Second,

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real estate. You buy a piece of real estate and rent comes into your bank account

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from the tenant, and if you get a property manager to look after it, it's fairly passive.

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But it doesn't mean you do nothing, because you still have to do some paperwork with

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the property manager to actually manage that, get your tax savings, talk

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to your accountants, there's stuff to do. It's not totally passive, but of course it's

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hard to get into because real estate is expensive. So hard to start, Pretty

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easy to manage. Number three, bonds. Up there with stocks is arguably

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the greatest and simplest passive income available to you. This would also

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include a term deposit, because it's kind of like a bond. Bonds are where you lend money,

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and you get an interest rate back. So if you buy a 30-year bond, a

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30-year coupon rate will come to you. Twice a year, you'll get paid passive income.

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Problem with that is it's fully taxable, and you have to understand how to buy bonds. You

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can easily buy bonds. Go to Google. Type in how to buy treasury bonds. You better go

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to the treasury department and buy them directly. Pretty straightforward. Pretty easy. Easy

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to start. Easy to manage. All right? It's up there with stocks. Next passive income

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stream, a book. Book will give you passive income from royalties, particularly

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if it's published. If it's self-published, you can get people buying it on

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Amazon. It's actually, now with AI, quite easy to write a

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book, and it's also quite easy to manage once you upload it to Kindle KDP Publishing.

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So it's actually a really simple way to get passive income. The only problem with

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it is, I don't know how much you'll make, because you have a lot of people buying books to

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make it, so it's a lot harder in terms of how much money you can

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make. But it depends on the quality of the book. Just quickly, if you're ready to take control of

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your finances but feel stuck, on where to start, I have a

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solution. My book, Money Buys Happiness simplifies investing

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and wealth building with practical steps to help you achieve financial peace.

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Get your copy via the link in the show notes and let's get your money working for

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you. Now back to the episode. Next one, network marketing. I've

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been able to build passive income out of this. It starts off as active

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income. You actively have to build it. It's not that easy. Then you have to get

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residual recurring income from it, and eventually you can get passive income.

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If we didn't touch it now, we'd still get income coming to us, so it's very passive,

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but it doesn't start out that way. Very easy to start, harder to

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build to the point where you can actually take your foot off it. YouTube,

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if this is not fully passive, this is semi-passive. How does it

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become semi-passive? Because YouTube is dictated by content. You

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have to actively do it. So like, actually doing stuff, building content. That's

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not automatic, so it's not fully passive. You can use AI to do that,

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but you still have to ideate the videos, do the AI, and upload it,

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so it's actually not fully passive. Although, when you start getting paid from YouTube,

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it's pretty good, but it will always be active from you. Number

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seven, courses. People think they can just buy, build a course, Print

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money on demand. No, it's not fully passive because you have

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to send ad traffic to it. So you have to do content on social media or

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somewhere else to find traffic to it, unless you can get

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the traffic for free from somewhere like Google search. If you're in the highest ranks and

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people are going there automatically, then the SEO is pretty passive,

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which means you are developing passive income. But to get organic traffic at

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that scale onto your course would take a monumental effort, but still possible.

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Number eight, podcast. This is also semi-passive because

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you have to always create content to actually put onto your podcast to

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actually get the results from it. If you put your podcast onto some sort

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of, I think Apple podcast has now like paid subscription

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services, you can get paid for your episodes. But again, you have to ideate

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and create the content that's so valuable that people continue to pay. even

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when you don't work anymore. And I don't think that's possible, because they will be looking for the next thing. Otherwise,

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I'll cancel the subscription. So that's semi. Number nine, laundromat. How

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do I know this one? Because I own one. And with a laundromat, it's semi-passive.

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Why? Because you need someone to clean it, you need someone to manage it. I'm gonna get a great business partnership

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with that, and my business partner manages it, runs it, and we're, you know, and

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so there's, it's not all passive. You have to look after it. It's an asset, okay?

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And then of course, number 10, I've got a buddy of mine who does this. He's got about 20, 30, 40 vending

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machines. It's not fully passive. It is

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semi-passive, because once the vending machine is stocked and looked after, it

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will produce income to you, but you have to buy it, look after it, maintain it,

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and stock it, and that is not passive, unless you find a staff member to

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do it for you. It takes a lot of the heat out of it, but again, you have to

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manage the person to manage the thing. So the last half

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of these are semi-passive, but the first few I mentioned can

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be fully passive. I think it's much better to approach these

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business models as active. So if you can delete the

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word passive out of your vocabulary, the simplest way if you want to do it is to

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buy an index fund, get dividend income. That's definitely passive and

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it's the easiest and simplest. It's easy to start, easy to

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manage. That is the absolute most purest form of passive income.

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The rest of them, you'll do a lot better if you approach them with

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an active mentality and an active effort. Okay,

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so active effort at the start, passive later. Go and attack those.

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There's the 10. I think we did under 10 minutes. Which one are you building

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now? Which one are you most interested in? Leave it in the comments below so I can come and

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have a chat with you about it. And of course, hit the subscribe button and

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go and check out the next video. Thanks for listening to Money Grows

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00:06:07,474 --> 00:06:10,718
on Trees. If you enjoyed the episode, leave a five-star review on Apple

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Podcasts and Spotify and subscribe to us on

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YouTube so you never miss an episode. And if you're serious about building wealth,

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make sure to check out the links in the show notes and follow me on all

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social media platforms, at LloydJamesRoss for