How I Made Over $30,000 in Passive Income Last Month
Last month, I made over $30,000 in passive income, and I’m here to tell you how I did it. To give you a little context, I put in the work consistently every day, and I was slightly obsessive about building my income streams. But it paid off, and now I’m able to live a life of freedom, without constantly worrying about money. If you want to know exactly how I made this happen, keep reading because I’ll reveal everything!
Why I Want Passive Income
First, I think it’s important to explain why I even care about passive income in the first place and why I started working toward it at such a young age. Growing up, I always thought that life was about working until you die—school for 20 years, then a 40-year job until retirement. But I didn’t want that. I wanted to be able to enjoy my life now, not when I’m old and retired.
I remember talking to my mom about it, and she told me that this was the way life is, and I just had to accept it. But honestly, that wasn’t good enough for me. I didn’t want to live paycheck to paycheck, stuck working every day just to pay bills. I wanted freedom—the ability to do whatever I wanted, when I wanted, without financial stress. I also wanted the ability to travel without worrying about how much money I have in my bank account.
I’m still young and figuring things out, but I’m happy to say that I’ve cracked the code. I figured out how to make passive income online so that I don’t have to work forever. And one of my biggest goals is to be able to retire by the time I’m 30, with enough passive income to cover all my expenses and live freely.
My 5 Streams of Passive Income
Now, let me share with you the five streams of passive income that helped me make over $30,000 last month.
1. Dividends – $800 a Month
The first income stream that makes me around $800 a month is from dividends. For anyone who doesn’t know, a dividend is a payment you receive for investing in stocks. For example, if you invest $100,000 in a stock with a 5% dividend, you’ll receive $5,000 a year just for holding the stock. And the best part? You don’t have to do anything to earn that money—it’s completely passive income.
I started investing in dividend stocks because it’s a simple way to build long-term wealth, and I could retire off of them. Right now, my goal is to continue investing in dividend stocks until I earn over $2,000 a month in dividends, which would easily cover my lifestyle. As crazy as it sounds, I could live off $800 a month if I wanted to—I’d probably just live in a cheaper country, like the Dominican Republic, and enjoy the simplicity of life.
The dividend stocks I own are:
- TD Bank
- Coca-Cola
- Johnson & Johnson
These stocks are reliable, pay good dividends, and I have a significant amount invested in them, which is why I make substantial money from dividends every month.
2. YouTube – Semi-Passive Income
My second stream of income comes from YouTube. Now, I consider this more of a semi-passive income because I still have to create content, but it’s not as hands-on as some other income streams. My channel currently has 15 videos, and even though I haven’t posted in a while (about a month and a half), I’m still making money from the videos I uploaded previously.
In fact, I recently checked my YouTube earnings from the last 28 days, and despite not posting a new video, I made $24,000. Some days, I made up to $1,200—and that’s without posting fresh content. If I were posting more regularly, like two videos a week, I’m sure my earnings would be even higher.
People who create finance-related YouTube content can make a lot of money. So, while it takes time to build a channel, once it’s established, it can generate income with very little active involvement.
3. Online Business – $15,000 a Month
Another stream that contributes to my passive income is my online business. I run a digital product business, where I sell courses and ebooks. I don’t have to constantly interact with customers because everything is automated, so it generates income on autopilot. This stream alone brings in about $15,000 each month.
What I love about running an online business is the scalability. I can increase my earnings without adding a ton of extra work, which is the essence of passive income. I don’t have to be involved in every transaction, and most of the work was front-loaded in setting up my products and marketing systems.
4. Affiliate Marketing – $5,000 a Month
Affiliate marketing is another stream of passive income that brings in around $5,000 per month. This involves promoting other people’s products or services and earning a commission for every sale that comes through my affiliate links. I promote products and services that I genuinely believe in and use myself, which makes it easier for me to recommend them to my audience.
Affiliate marketing can be highly lucrative once you build up your platform, whether it’s a website, YouTube channel, or social media following. Once your audience trusts your recommendations, the income can be quite substantial with minimal ongoing effort.
5. Real Estate – $10,000 a Month
Finally, real estate investing rounds out my income streams, bringing in around $10,000 a month. I’ve invested in both rental properties and real estate investment trusts (REITs). These allow me to earn money from the properties I own or invest in without having to do the heavy lifting myself. The tenants pay rent, and the REITs provide me with dividends.
Real estate is a fantastic way to earn passive income because properties tend to appreciate over time, and rental income can cover the costs of the property, all while providing me with cash flow.
Conclusion
To summarize, here are my five streams of passive income:
- Dividends – $800/month
- YouTube – $24,000/month (from past content)
- Online Business – $15,000/month
- Affiliate Marketing – $5,000/month
- Real Estate – $10,000/month
Together, these streams make over $30,000 per month in passive income. It wasn’t easy, and it took a lot of work to build these streams, but now I have the freedom to do whatever I want without worrying about money. And the best part is, these income sources continue to grow while I spend less time working.
My goal is to keep scaling these income streams so I can retire comfortably by the time I’m 30. If I can do it, so can you! Start building your own passive income streams today, and the future you want will be within your reach.
