1 00:00:00,000 --> 00:00:03,480 All right, so you ready to dive into some passive income ideas? 2 00:00:03,560 --> 00:00:08,560 Always, especially ones that'll supposedly be making waves in 2025. 3 00:00:08,560 --> 00:00:12,200 Right. That's what caught my eye too. We're looking at this YouTube video, 4 00:00:12,240 --> 00:00:15,840 top five passive income business ideas for 2025. 5 00:00:16,160 --> 00:00:18,480 It's from Young Entrepreneurs Forum. 6 00:00:18,600 --> 00:00:20,960 Okay. Yeah, I've seen that channel. They've got some good stuff. 7 00:00:20,960 --> 00:00:24,320 Yeah, definitely worth a look. And some of these ideas, well, you know, 8 00:00:24,360 --> 00:00:25,840 they're not exactly brand new. 9 00:00:25,960 --> 00:00:29,080 Yeah, a few classics in there. But they always have a little twist, right? 10 00:00:29,080 --> 00:00:33,080 You got to stay ahead of the curve. That's it. That's it. So before we get too 11 00:00:33,080 --> 00:00:36,760 deep into it, let's just get on the same page. When we say passive income, 12 00:00:37,040 --> 00:00:40,800 we're not talking about like winning the lottery. Exactly. No magic money tree. 13 00:00:40,920 --> 00:00:43,520 You're still going to have to put in the work, especially at the beginning. 14 00:00:43,560 --> 00:00:46,240 Right. It's not like you said it and forget it completely. 15 00:00:46,360 --> 00:00:49,040 More like, you know, you got to plant the seed, you got to water it, 16 00:00:49,080 --> 00:00:54,000 tend to it, help it grow. Exactly. But eventually it starts to bear fruit on 17 00:00:54,000 --> 00:00:57,200 its own. Yeah. That's a good way to put it. Okay. 18 00:00:57,200 --> 00:01:00,440 So first up on the list, and this one's a bit of a familiar face, 19 00:01:00,800 --> 00:01:03,720 real estate rental income. Ah, good old real estate. 20 00:01:04,320 --> 00:01:07,080 Then a popular one for what seems like forever. Forever. 21 00:01:08,120 --> 00:01:10,840 But how do we make it work in 2025? 22 00:01:11,160 --> 00:01:12,720 Like what's going to make it stand out? 23 00:01:12,800 --> 00:01:14,720 Well, it all comes down to choosing the right property. 24 00:01:14,720 --> 00:01:17,920 It's got to be strategic. Okay. So not just any old apartment building. 25 00:01:18,000 --> 00:01:20,600 Nope. You really got to analyze the trends. 26 00:01:20,960 --> 00:01:23,760 Find those up and coming neighborhoods, you know, 27 00:01:23,840 --> 00:01:25,840 the ones where everyone's going to want to live in a few years. 28 00:01:25,840 --> 00:01:27,840 So almost like you got to be a real estate detective. 29 00:01:27,840 --> 00:01:30,440 A little bit. Yeah. Look for the clues, you know, 30 00:01:30,560 --> 00:01:33,240 high rental demand, good growth projections. 31 00:01:33,240 --> 00:01:34,920 Got it. So research is key. 32 00:01:35,560 --> 00:01:37,440 Any tools or resources that can help with that. 33 00:01:37,440 --> 00:01:38,640 Oh, tons. Yeah. 34 00:01:38,640 --> 00:01:43,080 Online platforms that give you data on like rental yields, vacancy rates. 35 00:01:43,080 --> 00:01:44,880 Okay, that makes sense. The more info you have, 36 00:01:44,880 --> 00:01:46,120 the better decisions you can make. 37 00:01:46,160 --> 00:01:49,000 Exactly. Knowledge is power in real estate, for sure. 38 00:01:49,360 --> 00:01:53,600 Makes sense. Okay. So next on the list, this one's always intrigued me, 39 00:01:53,600 --> 00:01:56,320 dividend stocks. Yeah, those are solid. 40 00:01:56,400 --> 00:01:59,440 They are, but I got to be honest, the whole stock market thing, 41 00:01:59,520 --> 00:02:01,520 it can be a bit overwhelming sometimes. 42 00:02:01,600 --> 00:02:04,400 It can seem that way, but dividend stocks, 43 00:02:04,560 --> 00:02:07,600 they're like getting paid to be a part owner of a company. 44 00:02:07,760 --> 00:02:09,640 Okay, that sounds less intimidating already. 45 00:02:09,640 --> 00:02:11,080 So how does that work exactly? 46 00:02:11,160 --> 00:02:13,960 Well, when you invest in a company that pays dividends, 47 00:02:14,240 --> 00:02:16,640 you basically get a share of their profits. 48 00:02:16,760 --> 00:02:18,720 Oh, I see. And it happens regularly. 49 00:02:18,800 --> 00:02:20,360 Yeah, usually quarterly. 50 00:02:20,440 --> 00:02:23,000 But the trick is you got to pick the right companies. 51 00:02:23,000 --> 00:02:24,000 Right. 52 00:02:24,000 --> 00:02:27,200 Ones that are doing well and have a history of paying out consistently. 53 00:02:27,600 --> 00:02:30,280 So you're not just chasing any company that offers dividends. 54 00:02:30,320 --> 00:02:31,880 Right. It's like picking a teammate. 55 00:02:31,960 --> 00:02:34,920 You want someone who's reliable, contributes to the team. 56 00:02:34,920 --> 00:02:36,680 Insistent. So it's going to pull their weight. 57 00:02:36,760 --> 00:02:40,520 Exactly. And in this case, that means sharing the profits. 58 00:02:40,920 --> 00:02:41,920 Makes perfect sense. 59 00:02:42,240 --> 00:02:43,720 Okay, let's switch gears a bit. 60 00:02:43,920 --> 00:02:47,640 This next one's definitely a bit more techie, peer-to-peer lending. 61 00:02:47,640 --> 00:02:49,200 Ah, yeah, that one's pretty interesting. 62 00:02:49,400 --> 00:02:51,120 Cutting out the middleman, so to speak. 63 00:02:51,120 --> 00:02:52,920 So no more stuffy banks. 64 00:02:53,160 --> 00:02:54,320 Not necessarily. 65 00:02:54,920 --> 00:02:58,600 But with peer-to-peer lending, you're dealing directly with borrowers. 66 00:02:59,000 --> 00:03:02,200 Platforms like Lending Club, Prosper, that kind of thing. 67 00:03:02,360 --> 00:03:03,400 And what's the advantage there? 68 00:03:03,560 --> 00:03:08,360 Well, you can potentially get much higher interest rates compared to, say, 69 00:03:08,400 --> 00:03:09,480 a savings account. 70 00:03:09,480 --> 00:03:11,000 Ooh, higher returns. 71 00:03:11,440 --> 00:03:13,080 But there's got to be some risk involved, right? 72 00:03:13,080 --> 00:03:14,880 Of course. There's always risk. 73 00:03:14,880 --> 00:03:16,080 You've got to be smart about it. 74 00:03:16,120 --> 00:03:17,120 No. 75 00:03:17,120 --> 00:03:20,560 Diversify your portfolio so you're not putting all your eggs in one basket. 76 00:03:20,560 --> 00:03:21,720 Right. Spread it out. 77 00:03:22,000 --> 00:03:22,600 Makes sense. 78 00:03:22,600 --> 00:03:24,760 And definitely, definitely do your homework. 79 00:03:25,360 --> 00:03:28,200 Check borrower profiles, credit scores. 80 00:03:28,240 --> 00:03:29,400 Do your due diligence. 81 00:03:29,440 --> 00:03:30,200 Exactly. 82 00:03:30,240 --> 00:03:32,800 Because in this scenario, you're basically the bank. 83 00:03:32,920 --> 00:03:33,400 Right. 84 00:03:33,920 --> 00:03:35,560 So, got to be extra careful. 85 00:03:36,360 --> 00:03:39,600 Okay, let's move on to one that's all over the online world. 86 00:03:39,880 --> 00:03:40,800 Affiliate marketing. 87 00:03:41,560 --> 00:03:46,360 You mentioned bloggers earlier, but can you really make a good living just from affiliate links? 88 00:03:46,760 --> 00:03:47,760 I mean, it's possible. 89 00:03:47,760 --> 00:03:50,040 Some people build their entire businesses around it. 90 00:03:50,040 --> 00:03:53,640 But it usually works best when it's combined with other income streams. 91 00:03:53,640 --> 00:03:56,920 Like if you've got a blog, you could have ads, sponsored posts. 92 00:03:56,920 --> 00:03:57,960 It's like an extra boost. 93 00:03:58,080 --> 00:03:58,400 Yeah. 94 00:03:58,400 --> 00:04:01,360 Think of it as adding another lane to a highway. 95 00:04:01,560 --> 00:04:03,080 More traffic can flow through. 96 00:04:03,120 --> 00:04:03,960 Okay, that makes sense. 97 00:04:04,000 --> 00:04:05,800 It's all about building a solid foundation. 98 00:04:05,840 --> 00:04:06,680 Exactly. 99 00:04:06,880 --> 00:04:13,280 And speaking of solid foundations, the last one on our list is all about creating and selling digital products. 100 00:04:14,520 --> 00:04:16,680 This one feels like it has a lot of potential. 101 00:04:16,680 --> 00:04:20,120 Like anyone who's good at something could create a product. 102 00:04:20,200 --> 00:04:21,200 Yeah, absolutely. 103 00:04:21,320 --> 00:04:23,000 It's really open things up. 104 00:04:23,240 --> 00:04:26,280 Ebooks, online courses, templates. 105 00:04:26,320 --> 00:04:27,640 Oh yeah, I've seen those. 106 00:04:27,680 --> 00:04:30,440 There's like stock photos, software plugins. 107 00:04:30,480 --> 00:04:32,920 It's really anything that can be delivered digitally. 108 00:04:33,280 --> 00:04:36,080 And the platforms, they've made it so much easier. 109 00:04:36,200 --> 00:04:37,800 Gumroad, Udemy. 110 00:04:37,880 --> 00:04:40,640 It's like if you've got a skill, you can share it with the world. 111 00:04:40,720 --> 00:04:41,560 And get paid for it. 112 00:04:41,600 --> 00:04:42,240 Exactly. 113 00:04:42,760 --> 00:04:43,400 That's amazing. 114 00:04:43,400 --> 00:04:50,160 So we've covered a lot here from real estate, which is pretty traditional, all the way to digital products, which is like super cutting edge. 115 00:04:50,400 --> 00:04:53,960 If someone's listening to this and they're thinking, okay, I want to get started with passive income. 116 00:04:54,400 --> 00:04:56,000 What's the best advice you can give them? 117 00:04:56,400 --> 00:04:56,880 Hmm. 118 00:04:57,120 --> 00:04:59,680 I'd say the first thing is figure out what you're good at. 119 00:04:59,720 --> 00:05:00,840 What are your strengths? 120 00:05:00,920 --> 00:05:02,240 What are you passionate about? 121 00:05:02,480 --> 00:05:03,680 Right, what gets you excited? 122 00:05:03,720 --> 00:05:04,280 Exactly. 123 00:05:04,440 --> 00:05:06,120 Then do your research. 124 00:05:06,200 --> 00:05:08,440 Figure out what's working for others in that area. 125 00:05:08,880 --> 00:05:12,280 And don't be afraid to try different things, experiment a bit. 126 00:05:12,320 --> 00:05:12,640 Yeah. 127 00:05:12,640 --> 00:05:14,160 And don't be afraid to adapt. 128 00:05:14,240 --> 00:05:14,560 Right? 129 00:05:14,800 --> 00:05:16,360 Things change so fast these days. 130 00:05:16,400 --> 00:05:16,960 All the time. 131 00:05:16,960 --> 00:05:20,400 So yeah, be flexible, be willing to learn and adjust. 132 00:05:20,680 --> 00:05:24,240 The landscape of passive income is always evolving. 133 00:05:24,480 --> 00:05:24,960 Love that. 134 00:05:25,280 --> 00:05:28,000 So for everyone listening, what really stood out to you today? 135 00:05:28,000 --> 00:05:29,200 What got you thinking? 136 00:05:29,480 --> 00:05:33,920 Which one of these ideas maybe fits your life, your goals? 137 00:05:34,000 --> 00:05:40,080 You know, maybe you love teaching and could make online courses or maybe you're a design whiz and could create digital assets. 138 00:05:40,080 --> 00:05:43,200 Whatever it is, the possibilities are, well, kind of endless. 139 00:05:43,480 --> 00:05:46,920 As long as you're willing to put in the work and, you know, use your imagination a little. 140 00:05:46,960 --> 00:05:47,760 That's the key. 141 00:05:47,760 --> 00:05:48,800 Don't limit yourself. 142 00:05:48,840 --> 00:05:49,560 Exactly. 143 00:05:49,920 --> 00:05:50,360 All right. 144 00:05:50,400 --> 00:05:51,760 That's it for our deep talk today. 145 00:05:51,800 --> 00:05:52,560 Until next time. 146 00:05:52,560 --> 00:06:09,960 See ya.