How can YOU quit your 9am-5pm job?

Before you quit your 9am-5pm job it is important to think about what interests you. I touched on here about passion. It is CRUCIAL to find something that excites you. The reason why this is so important is this excitement is what drives your motivation and keeps you working hard.

Here is how you can make $8K per month:

1.       Develop a product – Selling on Amazon is a great option because it is basically like a search engine for buying products. Let’s say you develop 4 products, and you sell 200 units each per month and net $10 on average from all four products. 40 * 200 = $8,000. You have just made $8,000 per month in income from FOUR products.

2.       Real Estate- Cool, but I don’t have the cash? Yes, but the trick is, YOU don’t need the cash. Find a prime piece of property and tie it up. Give yourself enough due diligence time so that you can find a partner. A good broker can find you a partner. Typically, on a prime piece of real estate you can get 75% LTV (loan to value). So, if you wanted to make $8,000 per month or $96,000 per year and you can find a prime piece of property at a 7 CAP is  ~$1.4M in NOI (net operating income), which means you need to come up with $343K in cash. Tell the broker that you are willing to give up 50% of the deal for a partner to put in all the cash to get a loan. If you do this deal TWO times you will be making $8K per month.

3.       YouTube or Social Media- There are a lot of people that make money on YouTube and social media accounts. Let’s say the average ad you make on YouTube is $4 per 1,000 views (more in other niches like finance).  Let’s say you have 7 videos that average 300k views per month. 300k / 1000 = 300. 300 * 4 = $1,200 per video. If you multiply this by 7 you make $8,400 per month. If you make 7 videos per month and average 300k per video you have just made $8,400 per month (and can be more in certain niches).

What is great about these 3 methods is ALL three of them are scalable, which I ABSOLUTELY love. If you want to make MORE than $8K a month you can!! Develop more products, buy more real estate, add more content on YouTube (or other revenue sources like sponsorships, your own product, etc). There are SO many opportunities out there and I am going to share more on Real Estate, Business investing, Stocks, and more ways to make passive income. Come on this journey with me to FINANCIAL FREEDOM!