6 “Passive Income” Streams (and the TRUTH no one wants to tell you)

I wanted to open up my accounts a bit today and share with you 6 different income streams that I currently have in my life. From businesses that I own, to stocks and real estate, I share real numbers that will give you insight on the diversity of my "passive income" stream portfolio.

I say "passive income" with quotations, because there's a massive misconception about passive income online, and especially here on YouTube, which is why I wanted to cut right to the chase at the beginning of the video, and throughout my examples, share not just the income, but just how much time and money was invested into these income streams.

Also, nothing is 100% passive income – there will always be upkeep involved, and maintenance included. For some, more than others, but unless you're working in Hollywood or singing pop songs, true work-free, maintenance-free passive income does not exist. You can get to the point where you don't have to trade 1:1 hours for dollars, but you'll see just how "easy" that is in my examples.

They ALL require work, time, patience and focus. But they come with amazing opportunities, and incredible fulfillment in more ways than you can imagine, too – and no, I'm not talking about the laptop lifestyle, I'm talking about using your laptop to help people, and impact people around the world.

Timestamps for your convenience below:

#1 – 3:31 – My First Business (Information / Digital)
#2 – 6:57 – Affiliate Marketing (Recommendations / Commission-Based)
#3 – 8:34 – My (Newbie) Real Estate Portfolio
#4 – 10:59 – Stock Market (Including How Much TSLA Made Me Today)
#5 – 12:43 – Amazon (Physical Product / Invention – Based Business)
#6 – 15:09 – Platform / Audience Based Business (i.e. Podcast, YouTube, Blog)

Links to stuff I mentioned:

My First Business –

How to Passive Income with Affiliate Marketing:

Switchpod: (also on Amazon – affiliate link:)

For Stocks, I'm using ETrade (in case you were wondering). And if you're interested in starting a podcast, definitely check out my how to start a podcast series here:

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Subscribe to this YouTube channel:

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Want to learn more about the smart way to make money online and start a successful online passive income business (without ripping people off or being dishonest)? Then make sure to visit the Smart Passive Income getting started page below:

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    21 Responses to 6 “Passive Income” Streams (and the TRUTH no one wants to tell you)

    1. Everything 80's Podcast January 14, 2020 at 9:42 pm #

      I’m podcasting and blogging right now and trying to generate income from ads and affiliate marketing. Love the tone and direction of these videos. Switchpod shirt is pretty sweet too
      -Jamie

      • Pat Flynn January 14, 2020 at 10:00 pm #

        Thanks Jamie! I appreciate the kind words, and good luck to you! I hope this video helps!

    2. Depeint Studio January 14, 2020 at 9:44 pm #

      The first thing you should do is raise your rental coz it’s a separate dwelling, though not sure about the competitives

      • Pat Flynn January 14, 2020 at 9:47 pm #

        It’s about average for the SF. You’re saying just flat out raise the rent?

      • Depeint Studio January 14, 2020 at 10:04 pm #

        @Pat Flynn yes margin is what you define in most tier1 countries and what you are charging is the equivalent purchase value. I’m confused? What’s the built up area?

    3. Niels Klement January 14, 2020 at 9:48 pm #

      Love it, Pat! Just got my switchpod 🙂

      • Pat Flynn January 14, 2020 at 9:50 pm #

        You’re the best!

      • Ridge Mallery - My Journey To Wealth January 14, 2020 at 9:57 pm #

        Niels Klement you use that for live steaming right ?

      • Niels Klement January 14, 2020 at 10:01 pm #

        @Ridge Mallery – My Journey To Wealth Nope, for my videos! 😀

    4. Kamara's Universe January 14, 2020 at 9:48 pm #

      I am starting a podcast and I am figuring out how to make income from it

      • Ridge Mallery - My Journey To Wealth January 14, 2020 at 9:56 pm #

        Kamara’s Universe sounds cool man

      • Pat Flynn January 14, 2020 at 10:00 pm #

        Advertising and sponsorships are where podcasters go first, but I wouldn’t recommend it. I’d recommend affiliate marketing to start, potentially surveying your audience and then creating your own product, or even Patreon is a nice model people in the podcast and YouTube space are using to generate an income.

      • Kamara's Universe January 14, 2020 at 10:14 pm #

        @Pat Flynn thanks..I’ve been thinking of doing a patron for it.

    5. Rainy Day Forge January 14, 2020 at 9:58 pm #

      Hi Pat! Nice video, as always. FYI, the top right link on your LETGO Kickstarter page directs users to a form to be informed of when it will be available on Amazon.

      • Pat Flynn January 14, 2020 at 9:59 pm #

        Ahh, thanks for the heads up! Much appreciated!

      • Rainy Day Forge January 14, 2020 at 9:59 pm #

        @Pat Flynn You bet. Have a great week!

    6. Kimberly Mensah January 14, 2020 at 10:01 pm #

      Wow to building a school in GHANA my husband and I are planning to relocate there

    7. Depeint Studio January 14, 2020 at 10:13 pm #

      Guys, what’s stable, reliable, and best for 2020?
      Wordpress or Shopify?

      • Pat Flynn January 14, 2020 at 10:25 pm #

        Depends on what you want to do? What, ultimately, is your goal? A store, then yes, Shopify is amazing. If you want to start a blog, Shopify is not your best bet, I’d go with WordPress. You can connect both, too, btw. Both can be very stable. WordPress can be “unstable” if you put too many plugins on your site.

    8. Roxy Monazahian January 14, 2020 at 10:15 pm #

      Loved this video Pat!

      • Pat Flynn January 14, 2020 at 10:25 pm #

        Thanks Roxy!

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