12 Simple Ideas To Earn Passive Income - Ali Abdaal - #393

About this episode

Ali Abdaal is a Doctor and a YouTuber. Money makes the world go round. After the last 12 months, everyone should have realised that relying on a single source of income is not a very antifragile way to construct a financial set up. Creating multiple revenue streams is a great way to de-risk yourself, and today we get to find out 12 of Ali's favourites. Expect to learn why the S&P500 almost always beats expert hedge fund managers, how Ali makes his money on YouTube, why Coinbase is great for crypto investing, the easiest way to create an online course, why houses are still a great investment idea, how to automate a business, the best and worst ways to make affiliate marketing money and much more... Sponsors: Join the Modern Wisdom Community to connect with me & other listeners - https://modernwisdom.locals.com/ Get 20% discount & free shipping on your Lawnmower 4.0 at https://www.manscaped.com/ (use code MODERNWISDOM) Get 15% discount on Craftd London’s jewellery at https://bit.ly/cdwisdom (use code MW15) Get 5 days unlimited access to Shortform for free at https://www.shortform.com/modernwisdom (discount automatically applied) Timestamps: (00:00) Intro (01:09) Why Bother with Passive Income? (06:51) Stocks & Shares for Beginners (14:22) Investing in Real Estate (24:13) Making Money from Digital Products (30:04) Creating Profitable Online Courses (40:33) Becoming an Affiliate Marketer (50:17) Offering Value on Membership Sites (54:12) How to Automate Your Business (58:34) Conclusion on Passive Incomes (1:01:59) Where to Find Ali Extra Stuff: Follow Ali on YouTube - https://www.youtube.com/user/Sepharoth64 Check out Ali's website - https://aliabdaal.com/  Get my free Reading List of 100 books to read before you die → https://chriswillx.com/books/ To support me on Patreon (thank you): https://www.patreon.com/modernwisdom - Episodes You Might Enjoy: This Is How To Master Your Life - David Goggins - #577: ⁠⁠⁠lnkfi.re/SN-Goggins⁠⁠⁠ How To Destroy Your Negative Beliefs - Dr Jordan Peterson - #712: ⁠⁠⁠lnkfi.re/SN-Peterson⁠⁠⁠ The Secret Tools To Hack Your Brain - Dr Andrew Huberman - #700: ⁠⁠⁠lnkfi.re/SN-Huberman⁠⁠ Get in touch.  Join the discussion with me and other like minded listeners in the episode comments on the MW YouTube Channel or message me... Instagram: https://www.instagram.com/chriswillx Twitter: https://www.twitter.com/chriswillx YouTube: https://www.youtube.com/ModernWisdomPodcast Email: https://chriswillx.com/contact/  Learn more about your ad choices. Visit megaphone.fm/adchoices