9 Passive Income Ideas That Make Me $37,000/Month in 2024

Summary

In this video, the host discusses various passive income streams generating around $99,000 weekly. She ranks them based on capital requirements, effort, and risk, sharing insights from her six-week vacation's impact on her income. From Airbnb rentals to high-yield savings accounts and digital products, she covers a range of options, highlighting the importance of reinvesting and strategic planning for financial growth, with a goal to increase her passive income to $100,000 monthly.

Takeaways

• 🏠 The host discusses generating passive income through Airbnb by renting out a Hawaii condo, which is expected to become profitable in the future and appreciate in equity.
• 💵 The video ranks various passive income streams by their current earnings, capital requirements, effort needed, and associated risks.
• 🌐 The host emphasizes the importance of reworking passive income strategies, especially after realizing some income streams ceased during a 6-week vacation.
• 🛏️ The Hawaii condo rental includes providing exceptional amenities to guests, which has resulted in a fully booked status and positive reviews, contributing to the 'guest favorite' badge on Airbnb.
• 🔗 The video mentions iBonds, a type of treasury note by the US government, as a low-risk investment option with a current yield of 5.27%, limited to $10,000 per person per year.
• 📈 The host shares her experience with affiliate income, credit card bonuses, and high-yield savings accounts, highlighting the ease and low risk associated with these methods.
• 💳 The discussion on credit card spending includes strategies for maximizing rewards and bonuses, particularly through travel-related expenses.
• 📊 The video shares the host's success with Google AdSense on YouTube, noting that while it can be passive, income drops significantly if content creation stops.
• 📚 The host recommends creating digital products, such as PDFs and pre-recorded videos, for passive income, especially when leveraging social media and influencer marketing.
• 💼 The stock market is highlighted as a significant contributor to the host's passive income, with a current average return of over $20,000 per month, emphasizing long-term investment strategies.
• 🌐 The importance of diversification in passive income streams is implied throughout the video, with a range of options from real estate to digital products and stock market investments.

Q & A

What is the main topic of the 'Silon Valley Girl' video?

The main topic of the video is discussing various passive income streams that generate around $99,000 every week for the speaker.

How does the speaker define 'passive income' based on her experience?

The speaker defines 'passive income' as income streams that continue to generate revenue with minimal effort, but she notes that some of her previously considered passive income streams decreased when she took a six-week vacation, prompting her to rework her strategy.

What is the first passive income stream mentioned in the video, and why is it currently negative?

The first passive income stream mentioned is the Airbnb rental of the speaker's Hawaii condo. It is currently negative due to upfront costs like buying new furniture and mattresses, before it becomes profitable.

What is the projected monthly profit for the Airbnb rental in 3 years?

The projected monthly profit for the Airbnb rental in 3 years is set to generate $3,700 of profit.

What is 'ibonds' and how does it relate to the speaker's passive income strategy?

Ibonds are US government treasuries that currently pay 5.27%. They are part of the speaker's passive income strategy due to their high return compared to traditional savings accounts, with a limitation of $10,000 per person per year.

How much does the affiliate income bring to the speaker per month, and what are her thoughts on it?

The affiliate income brings around $400 a month to the speaker. She acknowledges that she is not the best at affiliate marketing and believes there is room for improvement, especially as she transitions to categories like personal finance and credit cards.

What are high-yield savings accounts, and how do they benefit the speaker's personal finance?

High-yield savings accounts are accounts in other banks that offer higher interest rates compared to major banks. They benefit the speaker's personal finance by allowing her cash to earn a higher return, such as 4.6% in the mentioned example, without requiring any work.

What is the speaker's view on crypto as a passive income stream, and how has it performed recently?

The speaker views crypto as a passive income stream with high risk and capital dependence. However, in the past year, her crypto investment has grown significantly, from $30,000 to $70,000.

How does the speaker utilize credit card bonuses to generate passive income, and what are the associated risks?

The speaker earns bonuses on her credit card spendings, particularly through high-reward credit cards like AMX's Gold card. She strategically spends in certain categories to accumulate miles for flights. The risk involves covering the credit card bill and being mindful of spending categories.

What is the speaker's perspective on Google AdSense as a passive income source, especially for YouTubers?

The speaker believes that while AdSense can be a source of passive income, it is not entirely passive as revenue drops significantly when content creation stops. She advises focusing on Evergreen videos and being in niches with high RPMs for better returns.

What is the role of digital products in the speaker's passive income strategy, and how effective are they?

Digital products, such as language learning materials sold through platforms like qtap, play a significant role in the speaker's passive income strategy. They require upfront work but are otherwise completely passive, generating around $10,000 per month for her.

How does the speaker approach stock market investments, and what are her expectations for passive income from this source?

The speaker invests in the stock market through various avenues, including S&P 500, growing companies, and international stocks. She expects to generate over $20,000 every month from these investments, viewing them as a long-term plan for retirement and financial security.

What is the speaker's strategy for utilizing her passive income, and what is her ultimate goal?

The speaker's strategy involves reinvesting her passive income back into her business and using some for her lifestyle. Her ultimate goal is to increase her passive income to $100,000 a month to build her family's financial future.

Outlines

00:00

🏠 Passive Income from Airbnb Rental

The video begins with the host discussing her experience with a new passive income venture: listing her Hawaii condo on Airbnb. Despite initial upfront costs for furniture and amenities, the condo is fully booked and has received excellent reviews, earning a 'Guest Favorite' badge. The host anticipates the property will become profitable in June, with projected profits of $3,700 per month in 3 years and $47,000 in 5 years, excluding equity appreciation. She also mentions her strategy to provide exceptional hospitality to ensure high ratings and occupancy rates.

05:00

🤑 Exploring Passive Income Streams

The host shares her journey of discovering and evaluating various passive income streams, including iBonds, which are US government-issued securities currently offering a 5.27% return. She explains the limitations and benefits of iBonds, such as the $10,000 annual purchase limit per person and the low-risk nature due to the backing of the US government. The host also discusses her affiliate income, which brings in about $400 a month, and her strategy for promoting affiliate programs, particularly in personal finance and credit cards.

10:02

💰 High Yield Savings Accounts and Crypto Investments

The video continues with the host's experience with high yield savings accounts, which offer significantly higher interest rates than traditional banks. She recommends Sofi for its competitive rates and ease of use, and provides a referral link for additional bonuses. The host also discusses her crypto investments, which have grown from $30,000 to $70,000 in a year without additional investment. She prefers Bitcoin and Ethereum and mentions the convenience of using apps like Weebl and Robinhood to invest in crypto ETFs.

15:04

🛫 Credit Card Bonuses and Google AdSense

The host details her strategy for earning bonuses from credit card spending, particularly through the AMX Gold card, which offers significant rewards for travel expenses. She explains how she accumulates miles for business class flights and the benefits she receives from credit card perks. Additionally, she addresses the topic of Google AdSense as a source of passive income, noting that while it can be passive, it is not entirely reliable without consistent content creation on YouTube.

20:04

📈 Digital Products and Stock Market Investments

The host introduces her digital products for English language learners, which generate around $10,000 per month through targeted ads and social media sales. She emphasizes the importance of creating evergreen content and leveraging expertise to produce valuable digital products. The video concludes with a discussion on stock market investments, which currently yield over $20,000 per month. The host shares her strategy of reinvesting profits and utilizing tax-advantaged accounts to grow her wealth for retirement.

👋 Signing Off and Encouraging Subscription

In the final paragraph, the host thanks viewers for watching and encourages them to subscribe to her channel, Silicon Valley Girl, for more insights into her passive income strategies. She expresses her aspirations to reach a monthly passive income of $100,000 and looks forward to sharing her financial journey with her audience.

Keywords

💡Passive Income

Passive income refers to earnings derived from a variety of sources that require little to no effort to maintain. In the video's context, it is the primary theme as the speaker discusses various streams of income that generate revenue with minimal ongoing work, such as Airbnb rentals, affiliate marketing, and investments.

💡Airbnb

Airbnb is a platform that allows individuals to list their properties for short-term rentals. The speaker mentions listing their Hawaii condo on Airbnb, which, despite initial costs, is expected to become profitable and serve as a passive income source with full bookings and positive reviews.

💡ibonds

iBonds are a type of U.S. Treasury security that the speaker discusses as a passive income stream. They are limited in purchase per person per year but offer a higher interest rate than traditional savings accounts, making them an attractive investment option with minimal risk.

💡Affiliate Income

Affiliate income is a revenue stream earned through promoting others' products or services and receiving a commission on sales made through referral links. The speaker mentions earning around $400 a month from affiliate marketing, highlighting it as a relatively passive income source that requires some initial work but continues to generate revenue.

💡High Yield Savings Account

A high yield savings account is a type of bank account that offers a higher interest rate than traditional savings accounts. The speaker discusses using such accounts to generate passive income, emphasizing the importance of researching different banks to find the best rates.

💡Cryptocurrency

Cryptocurrency, or crypto, refers to digital or virtual currencies that use cryptography for security. The speaker discusses their experience with crypto as an investment that has grown significantly over the past year, contributing to their passive income.

💡Credit Card Bonuses

Credit card bonuses are rewards or points offered by credit card companies for using their cards for purchases. The speaker explains how they earn bonuses on their credit card spendings, which can be redeemed for travel, contributing to their passive income strategy.

💡Google AdSense

Google AdSense is a program that allows content creators to generate revenue from their websites or YouTube channels by displaying ads. The speaker mentions AdSense as a source of income but notes that it is not entirely passive, as revenue drops if content creation stops.

💡Digital Products

Digital products are items that are produced, distributed, and consumed in a digital format, such as e-books or online courses. The speaker discusses selling digital products as a passive income source, especially when using targeted ads for sales.

💡Stock Market Investments

Stock market investments involve buying shares of companies with the expectation of earning returns from their increase in value or dividends. The speaker describes their investments in the stock market as a significant source of passive income, emphasizing the importance of long-term investment strategies.

💡Evergreen Content

Evergreen content refers to material that remains relevant and valuable over time, as opposed to content that is timely or trendy. The speaker mentions creating evergreen videos on YouTube as a way to generate passive income, as these videos continue to attract views and ad revenue even when new content is not being produced.

Highlights

The video discusses various passive income streams generating around $99,000 weekly.

Ranking of income streams based on current earnings, capital requirement, effort, and risk.

Newly listed Hawaii condo on Airbnb with initial negative cash flow due to upfront costs.

Expectation of Airbnb profitability in June and long-term profit projections.

Strategies for enhancing guest experience to secure positive reviews and badges on Airbnb.

Introduction of iBonds, US government-issued treasuries with a 5.27% return.

Affiliate income strategies, including credit cards and book promotions on Amazon.

The benefits of high-yield savings accounts over traditional savings with major banks.

Cryptocurrency growth in the past year, moving from $30,000 to $70,000.

Approaches to investing in Bitcoin and Ethereum, including ETFs for reduced risk.

Credit card spending strategies for maximizing bonuses and travel rewards.

Google AdSense as a source of passive income, with considerations for content type and niche.

Digital products as a passive income source, utilizing platforms like Qtap on Instagram.

Stock market investments as a significant contributor to monthly passive income.

The importance of reinvesting passive income and setting financial goals.

Recommendations for investment apps and strategies for long-term financial planning.

The speaker's personal financial journey and aspirations for a $100,000 monthly passive income.

Transcripts

hey guys welcome to silon Valley girl

today we're going to talk about passive

income streams that generate me around

$99,000 every week so if you're

interested and learning how you can do

the same and how hard it is to do the

same please continue watching this video

up to the very end I will be ranking

these income streams from the ones that

make me the least right now to the ones

that make me the most and I will also

rate them according to how much Capital

they require how much actual work they

require from you and how risky they are

by the way I considered a lot of my

passive income streams passive until I

went on a six week vacation last year as

a mom of two you know I love to switch

off from social media completely I like

to switch off from work completely to

travel the world with my kids to uh have

them meet our family and we're

International and when I stopped working

for 6 weeks some of my passive income

just decreased completely so I realized

they're not really passive and when I

came back home I decided to start

reworking my passive income strategy and

I'm happy to share my first results in

this video now funny enough I am going

to start with a passive income stream

that is negative right now just because

we started it a month and a half ago a

month and a half ago we listed our

Hawaii condo on Airbnb and because there

were a lot of upfront costs like buying

new mattresses buying new furniture in

terms of cash flow we are negative right

now but it's fully booked for the next

month and we're hoping that in June it's

actually going to be profitable and my

bad there is to to surprise Americans

with our Slavic Hospitality by providing

extra nice teas by providing a fancy

coffee machine by having the best

mattresses by having everything for the

beach including snorkling equipment

chairs like everything we try to think

of everything and uh I'm happy to share

that so far we got five reviews and

they're all five stars and Airbnb gave

us the guest favorite badge and they

also gave us the badge that our place is

almost always fully booked so uh I'm

happy this work is paying off but I'm

also looking forward to seeing Financial

results so in 3 years it's set to

generate $3,700 of profit a month and uh

$47,000 of profit in 5 years and this is

excluding Equity appreciation our model

assumes that the value of this condo is

going to grow by 4% a year and uh

hopefully it's going to be like that and

that means that in year five we will

have an annual of $58,000 of equity

appreciation divided by 12 that's around

$4,000 a month in equity of course we're

not going to get it in cash that year

we're going to get it when we actually

sell the condo but I intend to hold it

for the next 10 or maybe more years and

if in year two we realize that this is

working this is great for us we're going

to buy another property but of course I

will keep you posted so please subscribe

to this channel if you're interested in

learning more about my passive income

streams and I'm also looking forward to

reading the comment section guys what do

you think have you tried something I

think having this Collective knowledge

in the comments down below would be

super helpful the next income stream it

actually doesn't generate a lot it's

like $135 a month but I think it's worth

knowing about it's actually called

ibonds uh these are treasuries by the US

government that right now pay

5.27% that's more than any savings

account yes they have a lot of

limitations they're Limited at

$10,000 a year per person and you can

sell them right away so I got them for

myself and two of my daughters in terms

of capital dependence I would give it a

five because yes you need Capital you

don't need to put any work you just buy

them it's one and riskiness well as long

as you believe in the US government it's

not really risky so it's one out of five

the next income stream is called the

affiliate income it brings me around

$400 a month I am not the best affiliate

income person and I know a lot of people

who do it much better and so far I've

tried so many affiliate programs because

I come from the world of consumers I was

like let me create an affiliate for you

know uh makeup or clothes so for me

those categories don't really make a lot

so only now I've started transitioning

to categories like personal finance and

credit cards and uh so far credit cards

and books on Amazon made me the most but

it's still only $400 a month of course

I'm looking to up this income and I know

there's a lot of opportunity but for me

I haven't paid too much attention to it

but in terms of capital dependence it's

one you don't really need Capital but

you need to put work into promoting

those affiliate programs I will give it

three out of five so in order for me to

promote them I basically put links below

some some of my videos but I like that

this is more passive because even if I

stop making videos on YouTube those

affiliate links will still generate

revenue and I know this because one link

that is below my GMAT video that I made

in 2016 is still bringing like around

$100 of Revenue every month so this is

truly passive requires some work but in

terms of riskiness I'll give it one out

of five now let's get into something

that is super passive I like it a lot

it's called a high savings account so

what I like about those high yield

savings account and I actually learned

about them several years after I moved

to the US because my first savings

account was with a huge bank that I use

for my businesses and I came to my

manager and I wanted to start a savings

account because this is what my mom

taught me if you have free cash it just

doesn't sit in your account it goes into

high savings account which we had plenty

of in Russia so we came to the US 2015 I

think in

2019 I started kind of making money and

I came to my bank manager and said I

want a savings account to start saving

for something he's like yeah perfect

your rate is

0.01% I was like

0.01 like how does that work and I still

opened that savings account because he

was like oh this is going to give you

some discipline I was like okay so I

started that and then I started

researching the whole personal finance

Topic in the US and I realized they're

actually high yield savings account in

other Banks and they're FDIC insured and

uh they're super easy to operate uh for

example Sofi you just open your bank

account online online right now their

rates are 4.6% but even if you have a

checking account with them you will

still earn

0.5% which is still something compared

to Major Banks and if you use my link

below you will get $25 after opening the

account and depending on how much you

deposit you're going to get an

additional bonus from 50 to $300 so use

the link down below to start a high

yield savings account this has been a

game changer for my personal finance

because I know I have cash that I can

use I don't have to sell stocks Etc but

this is also money that's working for me

earning

4.6% this year and a high yield savings

account that generates $2,000 for me on

average in terms of capital dependence

of course it's a five out of five

because you need that Capital to deposit

into your bank account but you're going

to get some cash for free if you use my

link now in terms of work it's one out

of five no work required in terms of

risk it's also one out of five cuz the

bank is FDIC insured meaning everything

up to

$250,000 is insured on your account now

Things become more and more interesting

as we start approaching my other passive

income streams we just have to talk

about crypto this year 2024 if I made

this video last year I would just

complain about crypto and show negative

results but as you know crypto has grown

by a lot in the past year I've had

around $30,000 in crypto for the past

several years and without having

invested anything more it's now

$70,000 which means that in the past 12

months I made $40,000 on crypto full

just closure I haven't sold it I will

just keep on keeping it because I feel

like this satisfies my fomo when I hear

people oh Bitcoin is going to be worth

$100,000 oh this is the future you don't

understand yes I kind of feel fomo when

I hear those phrases so I decided to put

into crypto something that I'm okay with

risking now there are several approaches

to buy crypto I prefer to only buy

Bitcoin and ethereum because again I

played with different coins and you

really need to be an active crypto

investor to make make sure you're not

missing any news and I tend to miss all

the news because again I'm a mom of two

I have active businesses I just can't

track those coins so I buy Bitcoin in

ethereum and I prefer hard wallets to

keep them but as you know recently

Bitcoin ETFs have been approved and uh

you can use apps like weebu or Robin

Hood and I will leave all the links

below I really like Weeble I use it for

my investments I really like Robin Hood

I use it for my investments too so you

can look for several ETFs like ibit or

or bitb in your apps and this is

basically an ETF that tracks Bitcoin

what that means you don't have to worry

that an app that you used for buying

crypto will go bankrupt like uh FTX like

uh what was that blockfi uh like gem oh

my God there's so many platforms that

went bankrupt so a lot of people just

lost trust but those ETFs were created

by huge companies like Black Rock like

Fidelity like Arc so by buying those

ETFs you still get the upside of the

crypto Market but you don't have to

worry about a new startup that allowed

you to buy crypto going bankrupt will I

buy more crypto this year I don't think

so because we put a lot into down

payment of our Hawaii condo if I had

free cash I would just continue my

strategy of constantly buying every

month maybe like spending 1% of my

profits to invest in crypto crypto is

capital dependent I give it five out of

five is it risky yes I give it five out

of five does it require a lot of work no

I give it one out of five you can just

use whatever Investment app you trust

okay the next one is kind of my favorite

just because of the guilty pleasures it

gives me and this is earning bonuses on

my credit card spendings and again some

quick background first of all I

researched all the cars in the market

and if you want to see my favorite cars

the link will be down below but

basically amx's gold is my go-to for

miles and another major card from a bank

that I use for my businesses those are

my two best performing credit cards the

only thing is their annual fees that I

pay are quite high but the amount of

bonuses that I get equal to around

$330,000 a year I have the whole video

talking about that but basically to

break it down for you here we fly a lot

I have a family of four and sometimes

we'll fly with a nanny too my parents

live in Thailand I live in California a

lot of my family lives in Russia we

travel to Dubai a lot and uh this is a

long flight especially for kids so I do

my best to have the whole family fight

business by collecting miles and

depending on which category the purchase

is in I use different credit cards for

example ax gold gives you 4X points on

two categories of your choice so I have

two categories like ad spend and

equipment for my work that go into that

card I use another card for my other

spendings and this means I'm

accumulating hundreds of thousands of

miles every single single year and on

average one business class flight for

example I just bought my ticket to

Europe I'm going to Cyprus and Canen so

one ticket costs 155,000 miles plus $5

in fees that's like my favorite to show

on my Instagram like hey I just got my

ticket to Europe for $5 and playing

business class again uh this is the

trick that a lot of business owners and

people in general underestimate they

tell me oh yeah Marina but you have to

spend hundreds of thousands of dollars

to get those bonuses no if you sign up

for AMX today I think you're getting

880,000 points for free some cards will

give you even more again I will leave a

link below explore the offers but the

thing is even by signing up you get that

bonus and yes you pay the annual fee but

then you get so many perks in return

like they're going to refund you $100 if

you use your card to pay for travel and

basically an Uber ride qualifies they

will give you $100 back if you apply for

TSA Pre there are so many perks what you

need to do is actually sit down and

research them but you know the first

time I flew business class was in 2018

and I did a counter upgrade so we came

to the counter I was like could you

please upgrade us and she was like yeah

$1,000 and you can sit in business that

was Lanza from San Francisco to

Frankfurt and when I first flew business

class I realized I'm not going to go

into economy for any transatlantic

flights I want to stay in business but

sometimes it's $6,000 $7,000 it's you

know yeah it's Comfort but it's too

expensive so I try to accumulate miles

and I do that in a smart way so for

collecting miles and credit card bonuses

I will give it three out of five in

terms of capital dependence yes you need

Capital to spend on your credit card but

you can also be smart about those

upfront bonuses that banks give you when

you get the credit card for the first

time and when you refer people so there

are many ways to get additional miles um

in terms of work I would actually give

it two out of five because you still

need to do your research you need to be

mindful of the categories that um you're

spending money on and in terms of

riskiness it's one out of five it's not

way too risky just don't forget to cover

your credit card bill so try to do the

same with your existing business and you

will thank me later now Google AdSense I

know a lot of YouTubers including me

used to call it a passive income and

it's still kind of passive but it's only

a fraction if you stop making videos on

YouTube which I learned last year when I

stopped making videos on YouTube so when

you start a YouTube channel YouTube pays

you four views you get 55% of the ad

Revenue that YouTube you gets from

advertisers and the trick here is to be

in the niche that where you get high

RPMs meaning that you get more money for

a th000 views and these niches include

personal finance real estate business

investment and some types of Education

mostly Executive Education if you're in

language learning lifestyle your RPMs

are going to be really low um maybe like

$4 $5 compared to like $20 that you can

get from more uh money related channels

and something you need to remember is

that you want to make sure you create as

many Evergreen videos as possible so my

evergreen videos include content about

the tol test GMAT uh language learning

content not my Vlogs my Vlogs people

watch them for the first two weeks and

then if I stop posting them I stop

making money with them Vlogs are like

one-offs a lot of situational videos

like news Etc they are one-offs so if

your goal with your YouTube channel is

to build a truly passive income Source

you need to look at Evergreen videos on

other channels look at their vph vph is

the metric views per hour how many views

are actually getting now yes you could

look at a video which has 6 million

views but then right now it's getting

one view per hour which is nothing

because that means it doesn't generate

any passive income so it's really

important to have the right strategy if

you want to generate passive income from

YouTube so I estimate that if I stop

completely on YouTube I will still make

around $3,000 for the first couple years

and then it's going to go down to th000

and then it's going to go down to zero

so I will be very careful about this if

you want a personal consultation about

how to start a YouTube channel and how

to make more money from it uh I will

leave a link below to my consultation

but the thing is be careful with it a

lot of YouTubers say oh my God it's fast

if I still enjoy making videos but it's

not passive if you have kids and you

have to stop your AdSense Revenue goes

down like crazy especially again if you

make Vlogs so for this type of content

it's not Capital dependent you can start

with basically you know $100 to make a

video so it's one out of five work I

would say it's three out of five CU you

need to put some upfront work into it

but um if you stop then it still

generates some money for you and uh

riskiness two out of five now the next

category is called digital products this

is my favorite you know I use qtap to

sell digital products on my Instagram

and it's been amazing to see how it

generates revenue for me I have digital

products for English language Learners

that we've created with other teachers

so of course there's upfront cost there

is expertise cost there are designer

costs but people love them and they

don't cost too much and if you figure

out the sales Channel like being an

influencer launching targeted ads which

we do a lot most of our sales actually

come from targeting I have someone who

runs my targeted ads and in terms of

work yes it requires for me to shoot

around five creative ads every month but

the rest is completely passive and uh I

have more products on social media and

if you're an expert in something I

highly recommend that you do the same

because that means you can go on

vacation for several weeks your targeted

ads will be running people will be still

clicking on your Lincoln bio and they

will still be buying your product so

digital products make around $10,000 for

me every month which I'm happy to say is

completely passive some people would

name courses as passive income but the

thing is the trend in courses right now

is to be present like do live coaching

sessions Zoom calls so courses are not

even in this video for me anymore uh but

digital products are and those are PDF

with maybe some pre-recorded videos but

I wouldn't call it a course per se and

the last but not least again we're in a

happy year 2024 and there's probably a

reason I haven't done this video in 2023

because things weren't as good and this

is something you need to understand so

stock market has been returning on

average 10% annually and last year in

the past 12 months it's been booming so

my investments generate on average over

$20,000 every month in stock market

again I don't sell them I don't do

anything with them cuz this is my plan

to retire I keep accumulating I keep

adding Investments I'm not selling so

hopefully in you know 10 years I will

retire and start using that money but

for now I'm just making that pile bigger

and bigger and bigger I actually have a

financial adviser who helps me invest

but most of our money in is in the US

market we have S&P 500 we have growing

companies we have some International

stocks we have a very small percentage

of bonds I don't know how interesting

this is for you guys if you want me to

dig deeper into what we're buying but

again the apps that I would highly

recommend are weeo this is the one app

you can use for both your crypto and uh

buying stocks and ETFs another one if

you're more International I like the app

called interactive brokers which is also

a really easy to navigate app if you're

just a beginner and uh you want

something that is nicer looking I can

recommend Robin Hood for buying stocks

but all in all your strategy here should

be you know try to invest at least 20%

of your income every month if that's not

possible whatever you can you invested

because when the market starts

performing oh my God I'm again so happy

this year I was so unhappy last year but

the trick is you invest and you forget

about it yes you kind of check it but it

shouldn't affect your mood or whatever

it should affect your long-term plans

like okay I have that much invested and

by the way these returns they represent

my cash but most also my 401K plans Etc

utilize all of the tax advantage

accounts that you know like the Roth

arrays of the world the 401ks cuz they

will help you save on taxes later oh and

of course this is very Capital dependent

the more you invest the better it is in

terms of passive income so I give it

five out of five in terms of work it's

two out of five because you need to

figure out your portfolio strategy and

then you just stick to it and um in

terms of riskiness I would say two out

of five longterm has been pretty much

performing as expected except for some

black swans that keep happening a lot

unfortunately but but in the long run it

seems okay for me and I'm a very nervous

person so that makes a total of

$37,000 of passive income every month my

strategy with this passive income is

actually reinvested back into business

some of it of course goes to my

lifestyle because living in the Bay Area

and flying around the world is not too

cheap but the goal is to keep increasing

this number my ideal number is of course

$100,000 a month let's see where this

journey takes me I still have my

investment plans I'm still working hard

to build my my family's financial future

I hope you guys enjoyed watching this

video and uh and listening to my wisdom

thank you so much for um being with me

subscribe silon valley girl and I'll see

you very soon on this channel bye