Making passive income doesn’t need to be as difficult as you might imagine. Regardless of your situation, it is possible to develop a strategy to earn a little extra money on the side. In addition, the Internet has made earning passive income easier than ever.
That said, if you’re serious about making extra money without much work, this is a topic you should strive to learn as much about as possible. Listening to podcasts on the subject can help you expand your knowledge and inspire you to develop passive income strategies that yield results.
The following are a few podcasts worth considering. Listen to some of their episodes, and you may find one you’d like to follow regularly.
The Smart Passive Income Podcast
This was an obvious choice. It’s right there in the title.
Of course, a relevant title alone doesn’t mean the podcast offers any value. Luckily, that’s not an issue. The podcast is one of Pat Flynn’s creations. Flynn is a passive income guru. He first began earning money on the side when he blogged about his study habits for an upcoming certification test.
Flynn’s only goal was to pass the test and earn a certification that would make him more attractive to employers in his industry. He believed that blogging about his study habits would help him stay focused.
Flynn discovered that his blog had become very popular among other people preparing for the same test. This inspired him to host ads on the blog. While they brought in some revenue, Flynn truly began making money when he wrote an ebook study guide for the test, which he self-published and promoted through his blog.
Flynn’s story does highlight an important point: creating a passive income stream always requires significant upfront effort. Flynn had to write his blog and book in order to start earning easy money from them. However, once sales became consistent, Flynn was able to leave his day job.
He now earns millions of dollars a year helping other people realize their passive income dreams. On his podcast, Smart Passive Income, he interviews related experts who offer tips on making more money without much more long-term work. It offers a wealth of lessons valuable to anyone with the goal of earning passive income.
Internet Business Mastery
Again, making a passive income is easier than it used to be thanks to the Internet. The Internet has provided users with numerous opportunities to create low-maintenance side businesses.
You will almost certainly need to be directly involved at first when starting such a business. However, eventually you can hand off maintenance tasks to someone else, or simply check in on it from time to time to ensure the business is running smoothly on its own.
Of course, if you plan on going this route, you’ll need certain skills and knowledge. Starting a business on the Internet can be a confusing process if you’ve never done so before. Internet Business Mastery will help demystify the process, providing you with the confidence you need to pursue your goals.
It’s worth noting again that there are instances when people such as Pat Flynn implement passive income strategies so effectively that they become rich. This is certainly possible.
However, it’s not common. Different passive income strategies yield different returns based on a number of factors. In general, they don’t yield returns substantial enough to have a major impact on your long-term lifestyle by themselves. You need to save, invest, and spend your passive income earnings wisely to maximize their value.
That’s why it’s a good idea to give Stacking Benjamins a listen. While it won’t teach you much about how to earn extra money on the side, it will teach you how to manage it responsibly. Why bother earning passive income if you’re just going to squander it? That’s less likely to happen if you pay attention to the lessons this podcast offers.
The Tim Ferriss Show
Tim Ferriss is another noteworthy passive income expert. He wrote The 4-Hour Workweek, a guide many have used to create “side hustles” that earn them decent returns without requiring much work beyond the initial starting phase.
Thus, it makes sense that Ferriss often covers this and related topics on his podcast, The Tim Ferriss Show. Because he typically interviews other experts, listening to it gives you the opportunity to learn valuable lessons from numerous perspectives.
Remember, although earning a passive income is easier than you may assume, it still requires some degree of knowledge and planning. You need to learn as much about the subject as you can to boost your odds of success. These podcasts will help.