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How To Make YOUR FIRST Passive Income | Side Income Ideas UK

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The Humble Penny

The Humble Penny

4 жыл бұрын

Want practical ideas for How to START Making YOUR FIRST Passive Income? Here are 7 steps for HOW to start making your first passive income today :) ♥.
Exploring your first passive income ideas is an important step on your journey to Financial Independence.
★★ WHAT TO WATCH NEXT ★★
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Our 12 Multiple Streams of Income UK - • Our 12 MULTIPLE STREAM...
How We PAID OFF Our Mortgage in 7 Years - • How We PAID OFF Our MO...
12 BEST Side Hustle Ideas UK - • 12 BEST SIDE HUSTLE ID...
BBC Inside Out Film - Can You Achieve Financial Independence & Retire by 40? - • BBC 1 Inside Out film ...
★★ SUBSCRIBE TO CHANNEL HERE ★★
www.youtube.co...
★★ LINKS MENTIONED IN THE VIDEO ★★
(04:08) - BOOK: Think & Grow Rich - amzn.to/2NjCPSB
(07:38) - TUTORIAL: How To Start A Blog - thehumblepenny...
(07:51) - BOOK: Three Feet From Gold - amzn.to/2LXlOdO
(09:18) - 21 Passive Income Ideas For a Freedom Lifestyle - thehumblepenny...
(15:17) - How to Make £1,000 Per Month of Passive Income - • 9 BEST Passive Income ...
(15:26) - Our 12 Multiple Streams of Income UK - • Our 12 MULTIPLE STREAM...
★★ EQUIPMENT USED ★★
Canon EOS M50 Camera - amzn.to/2zcz1K0
Canon 5D Mark II Camera - amzn.to/2xRF1XD
Canon EF 24 - 70mm F2.8L Lens - amzn.to/2lFwdRQ
Canon EF 50mm F1.4L Lens - amzn.to/2lF6Sr9
Manfrotto Tripod - amzn.to/2YC3Sto
Apple iMac 2019 - amzn.to/2lEXNyz
Rode Microphone - amzn.to/2lFs0O2
★★ ABOUT US ★★
MARY:
I'm married to Ken and we have two boys aged 6 and 4. I'm a Londoner, born in Hackney! :)
Day to day, I run the operations of The Humble Penny as a creative - doing everything from marketing to video editing. I studied Multi-media design and technology at Uni.
When I'm not creating, I love vegan food, travelling, working out and doing some outdoor fun things with my husband and kids :)
KEN:
I'm a husband, dad, and a First-Generation Immigrant to the UK. I started life poor in the UK and I've spent the last 20 years on a steep journey of Personal Development.
CFO by day with over 12 years experience in the investment business. I'm also a Chartered Accountant and hold an MBA from Cambridge University.
To explore my creativity, I'm a blogger and KZfaqr by night. I create from my experiences as a family man and entrepreneur.
I have a passion for all things Financial Education, Business and Personal Development. I also love Photography, Music, Travel, and Sport.
We became Financially Independent aged 34 and our story has been featured on the BBC, Mail Online, Channel 5, Metro, etc.
We share content to inspire and teach others how to achieve Financial Independence and Freedom too :)
★★ WANNA CONNECT? ★★
Blog - thehumblepenny...
Insta - / thehumblepenny
Pinterest- www.pinterest....
Twitter - / thehumblepenny
Facebook - / thehumblepenny
★★ OUR ONLINE SCHOOL ★★
Visit our online school at Financial Joy Academy for Video Courses:
www.financialj...
★★ About this video ★★
Passive income ideas, how to earn passive income, how to start earning passive income, passive income UK, passive income 101, passive income easy ideas, how to get started earning passive income, passive income ideas 2019, passive income strategies, crowdfunded real estate, portfolio income, smart passive income, how to create passive income, how to create passive income with no money, £1000 per month, how to earn £1000 per month passive income, Financial Independence UK, FIRE UK, Financial Freedom, Design your dream life through passive income, 7 Passive Income Ideas UK, how to make passive income, money mindset, Think and Grow Rich, Three Feet From Gold, The Humble Penny.
Massive thanks for watching and following our channel :) ♥
Best, Mary and Ken Okoroafor
NOTE: For FULL Transparency, some links above may be Affiliate Links. We do NOT offer Financial Advice.
#passiveincomeideas #passiveincome #passiveincomeUK

Пікірлер: 26
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
★★ LINKS MENTIONED IN THE VIDEO ★★ (04:08) - BOOK: Think & Grow Rich - amzn.to/2NjCPSB (07:38) - TUTORIAL: How To Start A Blog - thehumblepenny.com/blogging (07:51) - BOOK: Three Feet From Gold - amzn.to/2LXlOdO (09:18) - 21 Passive Income Ideas For a Freedom Lifestyle - thehumblepenny.com/passive-income-ideas-for-a-freedom-lifestyle (15:17) - How to Make £1,000 Per Month of Passive Income - kzfaq.info/get/bejne/p92ekqqUmZzFmHk.html (15:26) - Our 12 Multiple Streams of Income UK - kzfaq.info/get/bejne/h66en9Jh0Z69lIE.html
@BoeyBear
@BoeyBear 4 жыл бұрын
I remember you mentioning the idea behind the book "Three Feet from Gold" and it's stuck with me since - perseverance is key! Informative video as always, thanks Ken.
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
You're most welcome! Perseverance is definitely key.
@tolagbaja
@tolagbaja 4 жыл бұрын
Really appreciated the reality that building a passive income will take some time!
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
You're most welcome!
@ariellengozi2597
@ariellengozi2597 4 жыл бұрын
Excellent video! Could you please elaborate (or provide a link to a video if available) on how you increased your savings rate by 1% every month? Thanks
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
Hi Arielle Thank you! 😀. Probably best for you to watch some of our videos on the "Savings" playlist. Also watch some of our videos on making more money. In summary - Simpler living + saving more + making more money. This is a much bigger topic. Useful video her about the importance of the savings rate. kzfaq.info/get/bejne/mbGHadWb0KzWlnU.html
@ariellengozi2597
@ariellengozi2597 4 жыл бұрын
@@TheHumblePenny Thank you!
@TheRealArjun206
@TheRealArjun206 4 жыл бұрын
Hey - you talk about property investing in your videos but is there a low barrier entry point for this?
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
Hi Arjun There is if you invest property via the stock market instead of owning physical units. You can do this via a REIT (Real Estate Investment Trust). Otherwise, it's back to the usual path of using some of your own money and money from others (usually the bank) to get some leverage as you'd typically borrow cheaply.
@TheRealArjun206
@TheRealArjun206 4 жыл бұрын
The Humble Penny thanks for your prompt response Ken! Do I need a special brokered account etc.? And is there minimum period before you see an ROI?
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
Hi Arjun You can do this via a Stocks and Shares ISA or Dealing Account with providers such as Hargreaves Lansdown. The ISA is more tax efficient. Feel free to use our link (affiliate partner) if you want to open an account: Https://thehumblepenny.com/HLISA You can ofcourse choose other platforms too. We use Hargreaves Lansdown personally. In terms of returns, this isn't a "Get Rich Quick" investment. You can make money and lose money too but provided you have a decent time horizon, the price fluctuations in between should not matter. Note also that this type of investment is tied to real properties. So they might not be as liquid as buying an ETF (Exchange Traded Fund), for example. But it will be way more liquid (i.e. ease of coversion into cash) than investing in an actual property itself. Not to mention, way cheaper! Please do some more research before you invest in ANYTHING. A good place to do that is the Association of Investment Companies website: www.theaic.co.uk/ Plus via the other link I attached above.
@msmeow8913
@msmeow8913 4 жыл бұрын
Thank you so much Ken and Mary for your great generosity in giving so much to help others. I am going to try using an app to track how much of my time is being spent on various activities, just as you did. This will be a great starting point for me! Very best wishes to you & your family. ☀️
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
Thanks so much, Ms Meow! 😊
@kevinclifford5426
@kevinclifford5426 4 жыл бұрын
Thanks for the video, excellent information.
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
Cheers, Kevin! :)
@AbigailChristineIsrael
@AbigailChristineIsrael 4 жыл бұрын
Excellent video!
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
😉
@beth1208
@beth1208 4 жыл бұрын
Epic channel! Thanks so much!
@Hlunhu
@Hlunhu 4 жыл бұрын
Your videos are so inspiring!!!!
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
Hi Naila's mum Thanks so much 😊. Your comment is encouraging. Doplease share the channel with others.
@cleliofs
@cleliofs 4 жыл бұрын
Is rental income considered a passive income?
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
Good question. It is if you don't have a lot of ongoing work and you aren't swapping your time continually to make that income. I'd say it's mostly passive especially if you outsource management. Are you a property investor?
@stacko1965
@stacko1965 4 жыл бұрын
I’m only 16 anything you recommend Ken?
@TheHumblePenny
@TheHumblePenny 4 жыл бұрын
I'd recommend starting your own blog. This is a good way to learn digital skills. Then from there, as you gain more confidence, start a KZfaq channel. Both will give you passive income. Here is a tutorial if you're interested: thehumblepenny.com/blogging
@jayangli
@jayangli 4 жыл бұрын
Give me some real advice. Not everyone knows or wants to write a blog
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