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Speaker 1: Five new passive income ideas that actually work. We've all

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Speaker 1: been given the same passive income advice invest in real estate,

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Speaker 1: by divid in pain stocks, lend out money to somebody, whatever.

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Speaker 1: But here's the truth. The passive income strategies that you

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Speaker 1: keep hearing about, they're going to generate you fifty bucks,

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Speaker 1: one hundred bucks. But I'm not talking about grocery money here.

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Speaker 1: You're about to learn how to make meaningful income. And

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Speaker 1: my name is Mark Moss. I've been teaching and coaching

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Speaker 1: thousands of entrepreneurs and investors for years, and these are

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Speaker 1: all passive income ideas that I use and I recommend.

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Speaker 1: And number five changed how I approach passive income altogether.

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Speaker 1: And it's something most don't even know about. So let's

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Speaker 1: go all right now. Before I jump in and give

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Speaker 1: you these five tips, I need to say something. I

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Speaker 1: have to break down a common myth, all right, That is,

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Speaker 1: there's really no such thing as passive income. Now, all

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Speaker 1: income requires at least some work. So really, instead of

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Speaker 1: like passive income where I don't do anything, to where

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Speaker 1: I'm working for my time, really it's a spectrum, right,

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Speaker 1: So there's less work and less risk for less return

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Speaker 1: and there's more work and more risk for more return,

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Speaker 1: and so everything sits on a spectrum. Now, this all

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Speaker 1: became real to me when I was really young. So

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Speaker 1: right out of high school, I started buying bank owned properties,

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Speaker 1: fixing them and flipping them. I did over one hundred

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Speaker 1: bank owned properties that I fixed and flipped, and some

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Speaker 1: of them I would keep and I would turn into

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Speaker 1: rental properties. And when I was probably twenty one twenty

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Speaker 1: two years old, I said, by the time I'm thirty

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Speaker 1: years old, i'll be retired. And people thought I was ridiculous, like, yeah, right,

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Speaker 1: how are you gonna do that? And I said, easy,

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Speaker 1: I'll make a thousand dollars a month per property. I

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Speaker 1: get ten properties, and I have ten thousand a month.

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Speaker 1: I'm retired passive income. Right. But the problem was is

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Speaker 1: as I started going down that path and fixing and

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Speaker 1: flipping properties, and yes, before I hear the commist, back

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Speaker 1: then in the mid nineties, you could still make those

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Speaker 1: types of revenue off of a property. But as I

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Speaker 1: was going down that path and I was building out

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Speaker 1: as we call them, doors that I was putting into

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Speaker 1: rental properties, it was an enormous amount of work. I

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Speaker 1: was dealing with landlord issues and tenant problems and fixing

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Speaker 1: toilet and replacing doors and repainting and replacing carpets when

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Speaker 1: they moved out, and I was hiring property managers, and

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Speaker 1: then I had to manage the property managers. I had

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Speaker 1: to deal with the banking and the accounting, and I

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Speaker 1: had to pay the taxes, and on and on and on.

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Speaker 1: You get it. It wasn't really passive income. Now I

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Speaker 1: hired people to do that. But if I have people

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Speaker 1: in an office managing all that for me is that

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Speaker 1: passive either. Now I have them doing the work and

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Speaker 1: I still have to manage them. And so really, this idea,

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Speaker 1: this concept of passive income being a myth, sort of

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Speaker 1: hit me at that point, and so as I started

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Speaker 1: to think about it as a spectrum, it started to

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Speaker 1: change the way I thought about it. And so the

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Speaker 1: key was, well, if it all takes work, but I

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Speaker 1: could give that work to somebody else, then why wouldn't

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Speaker 1: I go after the higher level passive income ideas if

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Speaker 1: I'm going to have to outsource the work anyway. And

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Speaker 1: that leads us to the five tips that we have

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Speaker 1: right now. They're going to require a little bit of work,

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Speaker 1: You're going to make a lot more money from them,

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Speaker 1: and you can have somebody else do the work. So

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Speaker 1: let's just go ahead and jump right in. Okay, So

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Speaker 1: the first one that we talk about is maybe the

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Speaker 1: most form of passive if you put the work in upfront,

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Speaker 1: and that is turning your knowledge into intellectual property or IP. Now,

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Speaker 1: you're already sitting on a gold mine of knowledge that

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Speaker 1: you maybe don't even realize. In your business, every process,

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Speaker 1: every system, every framework you've perfected in your business is

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Speaker 1: an untapped asset. Now, if you don't have a business,

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Speaker 1: maybe you've solved the problem for yourself. Maybe you're good

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Speaker 1: at baking or sewing or organizing or whatever, but you

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Speaker 1: have some knowledge in your head that somebody else would

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Speaker 1: love to tap into. You have a gold mine that's

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Speaker 1: literally sitting idle. And what you can do is you

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Speaker 1: can take that creativity, the problems you've solved for yourself,

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Speaker 1: and you can create intellectual property with this. It basically

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Speaker 1: means packaging up your expertise into products that others can buy,

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Speaker 1: others can license, they can learn from without you having

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Speaker 1: to lift a finger. Imagine turning your hardered knowledge into

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Speaker 1: an online course, a best selling book, a series of workshops,

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Speaker 1: whatever it may be. Now, not only does this create

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Speaker 1: an additional revenue stream, but it also positions you as

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Speaker 1: a leader in your industry because people pay attention when

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Speaker 1: you're the ones setting the rules. Let me give you

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Speaker 1: a practical example of this. I sell information. So I

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Speaker 1: have a best selling book on Amazon called The Uncommunist Manifesto.

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Speaker 1: About thirty thousand copies have been sold. I have digital courses.

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Speaker 1: There's a course that I built. It was in twenty nineteen.

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Speaker 1: The course is called the four Pillar Blueprint Masterclass. Maybe

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Speaker 1: a lot of you have seen that or taken that before.

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Speaker 1: It's basically how to invest, asset allocations, things like that. Now,

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Speaker 1: it did take me a lifetime to learn the information

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Speaker 1: to make that course, but the actual time for me

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Speaker 1: to sit down and map it out and record the

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Speaker 1: videos took me about two weeks, all right. But now

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Speaker 1: here we are over five years later, and that course

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Speaker 1: has brought in multiple seven figures And even now five

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Speaker 1: years later, it's still bringing in multiple six figures a year.

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Speaker 1: So when you think about this, the income is coming

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Speaker 1: in passively. The return on my investment, the ROI is infinite.

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Speaker 1: It costs me maybe a few hundred dollars to have

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Speaker 1: somebody help me, like film the course, turn the camera

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Speaker 1: back on. That was, of course paid back on the

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Speaker 1: very first sell that I made, so talk about infinite

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Speaker 1: return after that. So in order to do something like this,

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Speaker 1: here's an action step for you. Basically, get out a

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Speaker 1: piece of paper, get out a pin, go somewhere quiet,

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Speaker 1: spend about five minutes, jot down three areas of your

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Speaker 1: business where you've developed a unique process, a unique expertise.

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Speaker 1: Think about how you could package up one of these

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Speaker 1: into a product that could sell itself. All right, So

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Speaker 1: taking your knowledge and selling it. That's passive income idea

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Speaker 1: number one. All right, let's jump into passive income idea

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Speaker 1: number two. Now this is a great one. I like

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Speaker 1: to see what I can do to turn expenses that

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Speaker 1: I have and take the expense and turn it into

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Speaker 1: an income. So, if you're a business owner, take your

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Speaker 1: P and L, your profit and loss, and at the

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Speaker 1: top of you of all your income and at the

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Speaker 1: bottom of all your expenses, and you can take one

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Speaker 1: of your major expense category and turn it into an

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Speaker 1: income stream. You can do this personally as well, So

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Speaker 1: instead of bleeding out cash on services or products from

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Speaker 1: somebody else, why not just own the supply? So an

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Speaker 1: example would this be where I could acquire a business

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Speaker 1: that's providing what I'm already spending heavily on. Right, I

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Speaker 1: can turn that necessary expense that I need for my

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Speaker 1: business or for my household or whatever into a profitable venture. Now,

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Speaker 1: this isn't just about cutting costs. It's about transforming your

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Speaker 1: business from a consumer to a producer. Like imagine no

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Speaker 1: longer paying out for that key service, but instead owning

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Speaker 1: it and instead generating income from others who need it.

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Speaker 1: This is how you literally flip the script and you

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Speaker 1: make your money work for you. Let me give an

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Speaker 1: example of how I'm doing this. All right, So let's

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Speaker 1: say that the largest expense on my P and L

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Speaker 1: was my content production team. Now, not only was my

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Speaker 1: team the biggest expense, but I was their biggest client

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Speaker 1: when I used to outsource this and hire contractors. But

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Speaker 1: by acquiring that agency, I was able to reduce my

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Speaker 1: cost what I was spending. But more importantly, because I'm

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Speaker 1: in this business that needs this, I know other businesses

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Speaker 1: that need this as well. So then I was able

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Speaker 1: to use my contacts, my associates and stuff like that,

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Speaker 1: and my business expertise to grow that business into a

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Speaker 1: revenue stream that I didn't have to run because it

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Speaker 1: was already being run on its own. So here's what

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Speaker 1: you can do. Take an action step. Take again five

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Speaker 1: minutes with your pen and your paper and review your

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Speaker 1: top three business expenses and maybe for your household your

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Speaker 1: top five expenses as well. Research one of these areas

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Speaker 1: for maybe a potential acquisition opportunity or a way that

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Speaker 1: you could start a business. Doing this and you might

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Speaker 1: just find that your next profitable venture is literally hiding

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Speaker 1: right there in plain sight. A small business owner, are

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Speaker 1: you buried in all types of work keeping you from

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Speaker 1: the real thing that makes you money? Well that's where

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Speaker 1: just Works comes in. They're the all in one platform

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Speaker 1: that supports small business growth. You can get all their

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Speaker 1: tools that help with benefits like payroll and HR and

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Speaker 1: compliance with transparent price now. They help you hire top

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Speaker 1: talent internationally, internew markets, quickly scale international operations without the workload,

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Speaker 1: and for every how do I do it? Question? You

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Speaker 1: can reach out to their expert staff from sole proprietor

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Speaker 1: or a team of twenty. Just Works empowers all kinds

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Speaker 1: of small businesses. With real human support. So visit Justworks

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Speaker 1: dot com slash podcast to join the thousands of small

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Speaker 1: businesses that trust Just Works to take care of payroll, benefits, compliance,

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Speaker 1: and more. Again, that's Justworks dot com slash podcast. All right, Now,

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Speaker 1: the third passive income idea that I'm going to give

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Speaker 1: you is that you can rent out your assets, so

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Speaker 1: you can literally go from a renter to an owner.

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Speaker 1: So what do I mean by that, Well, every piece

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Speaker 1: of equipment that you rent, every property that you lease,

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Speaker 1: at least that you sign, it's someone else's passive income stream.

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Speaker 1: That's like the whole dream of like the real estate

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Speaker 1: passive income, right, So why not make it yours by

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Speaker 1: acquiring the assets that your business regularly uses, whether it's

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Speaker 1: you know, high tech gear, maybe it's prime real estate,

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Speaker 1: you can rent them out when you're not using them.

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Speaker 1: Right now, this again flips the script, turning you from

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Speaker 1: a perpetual renter into an owner. Now, this isn't just

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Speaker 1: a way to offset your costs like I said, it's

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Speaker 1: literally a way to create a new, steady, passive income

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Speaker 1: stream that doesn't demand your daily attention. So you can

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Speaker 1: own it, then you rent it out, and then you

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Speaker 1: just collect the cash flow that comes in. And let

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Speaker 1: me give you an example of how I do this

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Speaker 1: all Right now, I have a professional film and production studio.

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Speaker 1: As you can see, I'm in this right now. I

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Speaker 1: use this of course for my own content. Right we

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Speaker 1: have our cameras and we have all this equipment in here.

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Speaker 1: But why wouldn't I just let other content creators come

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Speaker 1: in and use this as well? So, just for an example,

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Speaker 1: about a month ago, I let a new content creator

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Speaker 1: call her name is Shelby Sapp. I let her come

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Speaker 1: in the studio use this to do her webinar where

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Speaker 1: she sold a girl's high ticket sales training program, and

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Speaker 1: we launched out of the studio a multi million dollar

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Speaker 1: launch for her, and yes I got paid. We'll link

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Speaker 1: to that down below if you want to check it out.

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Speaker 1: But we took this studio that I already use, and

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Speaker 1: why not let other people use it when I'm not

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Speaker 1: using it? So what's an action step that you could

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Speaker 1: do well? Again? Same thing. Take out a piece of

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Speaker 1: paper and a pen, hopefully sell it out. Identify one

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Speaker 1: piece of equipment or property you regularly rent. Spend five

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Speaker 1: minutes researching the cost to purchase it and how much

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Speaker 1: you could potentially earn by renting it back out when

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Speaker 1: it's not in use. Right, It's sort of the sharing economy,

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Speaker 1: so to speak, like turo. You could have a car

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Speaker 1: and you could rent out the car when you're not there, etc.

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Speaker 1: You understand that, let's jump into number four passive income stream.

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Speaker 1: Be your own landlord, and by that I mean by

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Speaker 1: your business location. I'm guessing one of the biggest expenses

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Speaker 1: on your P and L is your building, right, and

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Speaker 1: you could think that maybe it's time to stop renting

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Speaker 1: and actually start owning. Now, when you lease your business location,

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Speaker 1: you're literally just money over that could be building equity

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Speaker 1: in your own property. But what if instead of being

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Speaker 1: the tenant, you were actually the landlord. Now, what you

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Speaker 1: can do is by acquiring the space where your business operates,

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Speaker 1: you not only eliminate the rent, but you also create

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Speaker 1: an opportunity to generate additional income by leasing out other

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Speaker 1: parts of the property. So you buy in bulk and

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Speaker 1: you sell in small batches. Right now, this doesn't just

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Speaker 1: save you money, it turns your location into a cash

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Speaker 1: generating asset, building wealth with every rent check that you deposit.

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Speaker 1: Let me give you an example. I was spending tens

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Speaker 1: of thousands of dollars on event locations. Right, so I

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Speaker 1: run my own small Mastermind events. You've probably seen me

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Speaker 1: advertising them. I'm not sure when the next day is

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Speaker 1: stand by for that, but I run these small mastermind

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Speaker 1: events where I bring in twenty twenty five entrepreneurs and

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Speaker 1: I coach them into building wealth really fast. They're great,

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Speaker 1: people love them. But again I was going and using

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Speaker 1: different locations, and I was spending a lot of money

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Speaker 1: on this. So I decided that I would purchase a

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Speaker 1: ranch property outside of ox Austin, Texas. So I call

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Speaker 1: them my ranch masterminds. And I decided that I would

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Speaker 1: buy this ranch property and use it for my own events. Now,

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Speaker 1: instead of giving money to event locations to do these events,

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Speaker 1: these events now cover the entire payment and some it

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Speaker 1: makes Airbnb income the rest of the year when I'm

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Speaker 1: not there. But just doing these events a couple times

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Speaker 1: a year brings in more income than I need to

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Speaker 1: even pay for the property. So an action step that

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Speaker 1: you could do is spend five minutes searching for commercial

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Speaker 1: properties for sell in your area. Identify one that you

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Speaker 1: could potentially accommodate your business and potentially others as tenants. Right,

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Speaker 1: so maybe there's four units here, I need one of them,

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Speaker 1: I rent out the other three something like that. Now,

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Speaker 1: note my next ranch event. I haven't nailed down the date,

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Speaker 1: but I'm going to put a link down below if

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Speaker 1: you want to check it out and put your name

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Speaker 1: in the list if you want to come to the

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Speaker 1: next one. All right, And that takes us to the

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Speaker 1: fifth and final one. And this one is one you

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Speaker 1: probably never heard of, and even if you have, you

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Speaker 1: probably misunderstand it. And don't worry. I have a assive

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Speaker 1: free resource for you to figure this out. But you

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Speaker 1: can put bitcoin on your balance sheet for cash flow. Now.

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Speaker 1: I wrote a book. It's called How to Retire tax

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Speaker 1: Free off of Bitcoin, and I'll give it to you

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Speaker 1: totally free. But think about this. In a world where

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Speaker 1: cash is losing value, you have to think beyond traditional assets. Now,

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Speaker 1: by holding bitcoin on your balance sheet, you're not just

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Speaker 1: hedging against inflation. You're literally opening up a whole new

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Speaker 1: world of financial flexibility. Now, when you have that asset

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Speaker 1: on your books, like any other asset you own, whether

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Speaker 1: it's a piece of property, whether it's a car, whether

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Speaker 1: it's a Rolex watch, any piece of asset you could

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Speaker 1: go borrow against it, and bitcoin is no different. My

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Speaker 1: bank will give me a loan against my stock portfolio,

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Speaker 1: and I can also get a loan against my bitcoin portfolio,

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Speaker 1: not from my bank but from other lenders. Now I

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Speaker 1: can borrow against your bitcoin, and I would do that

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Speaker 1: instead of selling it. And the reason why I want

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Speaker 1: to do that is right now, for the last four years,

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Speaker 1: bitcoin's been going up by about fifty five percent a year,

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Speaker 1: So I could either one could sell the bitcoin. I

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Speaker 1: could pay the tax on that and then I have

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Speaker 1: no more bitcoin to go up at fifty five percent

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Speaker 1: a year. Or I could borrow against the bitcoin. Let's

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Speaker 1: say a ten percent interest, but it's going up at

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Speaker 1: fifty five percent a year, so i still have the

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Speaker 1: bitcoin balance going up and I'm only paying a small

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Speaker 1: percent of interest doing this now. An example of this

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Speaker 1: would be you. You know you or your business could

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Speaker 1: hold your reserves and bitcoin, save your money and bitcoin,

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Speaker 1: and when you need the funds for expansion to grow

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Speaker 1: your business, then instead of selling the bitcoin, you would

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Speaker 1: borrow against the bitcoin, and then you would preserve that

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Speaker 1: position while you know getting the cash that you need

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Speaker 1: to continue growing the business. And the best part is

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Speaker 1: you avoid any tax penalties because when you sold it

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Speaker 1: for profit, you have to pay the tax on it.

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Speaker 1: So this way you're allowed to get the income from

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Speaker 1: that tax free. And then basically what you can do

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Speaker 1: is every year you could take another loan against the

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Speaker 1: bitcoin and roll the existing loan. Now again, I have

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Speaker 1: a whole book written on exactly how to do this.

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Speaker 1: With a calculator, you can calculate it out, and what

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Speaker 1: I'd recommend is just download it. It's free, spend five

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Speaker 1: minutes reviewing how you could integrate this bitcoin into your

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Speaker 1: financial strategy and how you could use it for tax

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Speaker 1: free income. True wealth isn't about stacking paper. It's about

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Speaker 1: stacking your time, your freedom, and your peace of mind.

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Speaker 1: And the key to doing that is building passive income

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Speaker 1: streams or multiple income streams that can pay for or

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Speaker 1: exceed your living expenses. So download that free resource to

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Speaker 1: achieve number five passive income idea and going back to

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Speaker 1: income idea number one, turning your ideas into ip for

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Speaker 1: passive income. You might want to watch this video right

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Speaker 1: here of how to go from zero to one million

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Speaker 1: in twelve months with twelve month step breakdown. I'll see

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Speaker 1: you over there,