How I Built 9 Streams Of Income By Age 27

In this article, learn how I built 9 streams of income by age 27 and how you too can do it.

These are real ways to make money from home that I've personally done, and they can help you start creating a streams of passive income, before the end of this year 2022.

How to Set Up Multiple Passive Income Streams

The first step is to set realistic goals.

Too many people expect to get money for free or to make a large profit from a website or blog after putting in only a small amount of effort.

What's critical to understand here is that passive income does not imply that you're getting money for free.

This is not a get-rich-quick scheme, and it does necessarily require a significant amount of effort and intelligence.

Let’s take running a website as an example:

While many creators appear to believe that they can set up a website in a matter of days and begin earning thousands of dollars from advertising, the reality is quite different.

AdSense is the most common type of advertising used to generate revenue from a website.

AdSense is a type of PPC advertising that stands for 'Pay Per Click,' which means you get paid each time someone clicks on one of your ads. You don't get paid if there are no clicks.

As a result, in order to make any serious money, you must attract as many visitors as possible.

How many web visitors came?

That is determined by a variety of factors, including how well you optimized your ad placement and how good the niche you initially selected is.

But you can be certain that it will cost at least a couple hundred thousand dollars.

In fact, if you do your research and read around the web, you'll probably find that the average advice is that it takes around 150,000 views for your website to make $100 a day.

How long does it take to get to those kinds of numbers daily?

For most people, I believe, will need at least a couple of years. And only if you put in a lot of effort to consistently flood your site with high-quality content while also constantly promoting your site and brand.

The same is true when it comes to selling digital products.

In order to create an Amazon Kindle.

Or for employing any of the other passive income models you will have to use the right approach.

Using The Right Approach

If you go into this expecting to make $100 per day right away, you will be disappointed and will most likely give up before you get anywhere. This is what the vast majority of people experience.

It's also important because I don't want any of you to run out and quit your day jobs right now!

What you need to do is lower your expectations and make a consistent effort to increase your earnings and build a business.

Your goal is not to quit your day job.

At least not right away!

Rather, your goal is to make some extra money on the side to make your day-to-day life a little more comfortable and enjoyable.

It's to support your lifestyle and to pursue something you're passionate about.

To begin with, you're not going to quit your day job or stop offering online services.

Instead, you'll begin devoting a small amount of time in the evenings to creating content, creating a sales page, or implementing any of the other passive income models we'll discussed in this article.

Choose something you're passionate about and enjoy doing just for the sake of creating. If you make a little money on the side, consider it a bonus, not the main reason you're getting started.

If you do that, you might be able to earn an extra $10 per week in a few months – enough to treat yourself to something nice at the end of the month.

Over time, that could rise to $20, $50, or $100 per week.

Then you can progress to one of the other models in this book.

Set aside time at the end of the day whenever possible, and don't rush it.

The race is won by going slowly and steadily!