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Passive Income: How I make $40,000/year doing nothing (software engineer edition)

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Passive Income: How I make $40,000/year doing nothing (software engineer edition)

Ex-Google Tech lead Patrick Shyu explains passive income, and how he earns additional side-money just by sitting around doing nothing, leveraging his l33t coding skills to develop self-maintaining apps.

Special thanks to our sponsor, TechLead (this channel). Check out his package TechLead: Season 1 Complete HD, available for purchase here:

There are many other areas for passive income as well like Amazon self-publishing eBooks, Bitcoin mining, or drop-shipping. What are your thoughts on passive income? Let's discuss in the comments below!

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Passive Income As A Developer: HOW? ($2000/Month Or More!)

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► Passive Income As A Developer: HOW? ($2000/Month Or More!) ◄

A lot of developers dream about earning money and increasing their overall income. While there are a lot of alternatives nowadays for complementing your income, passive income is definitely the one that still gets the spotlight.

Passive income could be defined as income resulting from cash flow received on a regular basis, requiring minimal to no effort by the recipient to maintain it.

While there are a lot of different ways to make passive income, as a developer you have some exclusive ways.

Wanna know how to make passive income as a developer?

Watch this video and find out!

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How To Create PASSIVE INCOME As A Developer (Secret From Self-Made Billionaires)

This video explains some key ideas on how to make more money, and passive money, as a programmer and software.

Getting paid per hour can generate a great salary, but it can never generate freedom for you. The only way to earn real financial freedom is to generate passive income streams that generate money while you sleep, allowing you to truly live your life without having to think about working all the time.

Online programs, niche apps, plugins and financial investments are some of the ways to generate passive income, and these concepts are explained in this video.

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Passive Income For Game Developers - 5 Ways To Make It

Passive income is the ultimate form of income...and as a game developer sometimes its hard to stay afloat while you're working on a long term project. I share 5 tips to generate this income.
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How I Made $100/hr as a Freelance Web Developer

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How I made $10,000 on YouTube in 1 month (monetization for software engineers)

Ex-YouTube tech lead and YouTuber The The TechLead explains how he earned $10,000 in 1 month on the internet as a video creator / software engineer.

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I wanted to give a behind-the-scenes look at how I put together my TechLead: Season 1 Complete HD video package, which by the way is still available for purchase ( ) We talk about integrating PayPal, Amazon SES, Stripe, MailChimp, and JotForm. Really though, I think PayPal's tools are all that you need to get started on your Path to Monetization.

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Best Ways To Make Money As A Developer!

Let's talk about how you can make money as a developer! In this video I discuss with Dylan from Coding Tutorials 360 the many ways you can make money as a developer or programmer. Watch all the way to the end and leave a comment on what you learned and I'll pick 2 people to get a copy of Dylans course!

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PASSIVE INCOME: DEVELOPER'S WAY FOR AUTOMATED CASH | UnbeatableDeveloper.com

READ FULL LESSON AT:

Tired from selling your work hours for cash?

You're not the only developer who is dreaming about passive income.

It's not hard after all - let's explore how you can earn passive income too.

In this lesson, we will cover:

0:24 HOW TO CREATE PRODUCTS
3:24 HOW TO PARTNER WITH CLIENTS
5:33 HOW TO TEACH
8:19 WHY THINK OUTSIDE THE BOX
10:07 MASTER ACTION
10:55 ADDRESSING FEARS

As Pieter Levels proved by his personal experience, having minimal programming knowledge allows you to build products that generate over $50,000 per month.

Building a product is not that hard and doesn't require much technical skill.

The truly hard part is switching your mindset from a technician to entrepreneur.

Have you ever felt excited about taking a new fancy technology and building something on it?

Yes, me too...

But sadly, fancy technology doesn't bring you money. You need to stop being excited about technology.

Customers don't give a shit about your technical stack.

Don't be like a child who is attracted to shiny balls 124 times a day.

To earn money, you need to ask people what they need and build products for them fast.

Think about:

What are the things that still take too much time to achieve online?
Why does booking an airfare still feels inefficient?
Why is scheduling a time with friends or business meetings is still inefficient?
What else is time-consuming on the web or on your phone? 
Are you embarrassed when your code looks crappy?

You shouldn't, because it doesn't matter. Your customers don't see your code.

You'll be the only one looking at your code in the beginning.

And when your business grows, there will be a team of developers who will refactor your code anyway.

As an Unbeatable Developer Academy student, I advise you to honor your time and only work with ideas that:

can bring uncapped income
doesn't make you location-dependent
doesn't require you to sell your hours for cash
Avoid transactional business ideas (like Groupon), because you will have to deal with thousands of people to actually earn a dime. Dealing with many people will bring you headache. 

Also, avoid ideas that require human intervention, such as screening, 1:1, etc.

Remember: Build products that solve real problems, and people will pay for it. Don't focus on technical stack - it's not important at the beginning.

How To Partner With Clients

Are you still freelancing with an employee mindset? Do you still focus on selling hours?

Stop being a business expense for your client. Help your client make money.

If the client asked you to build something, it means there is monetary value in this. They definitely expect profit from that.

If you don't care about their profit - you're just another business expense. Just another guy they're going to feed.

When I sell hours, I only care about the task I am doing and I just want to finish it as soon as possible, so that I can move on with the next project.
When I honestly care about the end result for my client - the actual profit they will - I get compensated with passive income, because we agree to share the end reward.
As I explained in my How To Price Yourself lesson, you need to:

Ask your client what exactly they expect after they put your work (app/website/product) on action
Set value-baced pricing agreements
When you bring more profit than your client expected, you share the profit
That's how you're seen as an investment instead of just another business expense.

As Dalai Lama explained: being a good human being is its own reward.

Why care only about your task, when you can expand your scope of awareness and bring much more value on the table?

How To Teach

Do you know the secret to becoming a rich developer?

Never hold anything just for yourself.

As a developer, you definitely have some knowledge and skills.

It doesn't matter if you're doing it for 1 month or 10 years - you always have to share something to the world.

There are so many courses about how to code. But almost none about how to actually be a good, productive developer.

And research shows that some developers are 25 times more productive than others. Why?!

Teach developers about:

How to handle physical health and stamina
How to increase mental productivity and awaken inner genius
How to connect job with spiritual mission
How to deal with relationships as a developer
...
Do it, let it all go. Let the energy of Universe flow from you to the whole world.

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How to Create a Passive Income Business Through Knowledge Products

Is a passive income business model the right path to go? Robert is reluctant and feels he doesn't have enough time. But can he afford not to make time?

Robert is a well known motion graphic designer who has had a very successful career. He teaches, lectures all over the world, but has never considered what happens if he's unable to work. How will he support his family of 4? How will they get on without him should tragedy strike.

Are you interested in creating your own knowledge product or content? Download our free workbook to help you identify your valuable skills, who your audience is, and how to publish it:

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01:32 - Robert’s Reel
05:44 - Making of “Tocame”
12:10 - Golden Handcuffs
14:40 - Long Game
19:40 - Give value and say thank you
22:17 - Karma Principle
26:10 - Gener
27:40 - Brainstorming Session
32:40 - What is passive income?
35:40 - How to create more time for yourself
37:10 - What am I going to do 5-10 years?
39:40 - What should I do with my life?
40:40 - How to find more time
43:40 - Share and teach what you do
49:00 - Double Dip
51:15 - Platforms to sell knowledge
58:40 - PRIORITIZE
1:01:40 - What Robert should do? (Impact x Effort)
1:14:45 - Crab Mentality
1:16:40 - Autonomic Behavior

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How Do I Come Up With A Profitable Side Project Idea?

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How To Make Passive Income In 24 Hours (3 WAYS!)

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The MYTH of PASSIVE Income! (How To Make Money With Progressive Income)

Passive income is a term that gets thrown around a lot by financial education YouTubers like Alex Becker, Dan Lok, Pat Flynn, Millionaire Millennial, Graham Stephan and yours truly Matthew Pillmore. And I think its time we stopped using Passive Income to describe the residual income we're all striving to build for ourselves. In this video I discuss the reasons why the term passive income is a myth and how we should begin looking at it as progressive income instead.

Now I'm not married to that term, so if you have any better ideas I'd love to hear about them in the comments below, but I do think it serves the purpose of describing how to make money in a more residual and efficient manner, while also revealing the fact that building out these revenue streams cannot be done passively - they take work!

That said it's all about being efficient in how the systems are built so that as time goes on you're spending less and less time on that revenue stream making it more and more efficient in building wealth over time. If you want to know how to get rich then you will have to look at progressive or residual income streams - you only have so many hours you can work a day.

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Each time you comment on a new video your name will be entered into the contest drawing, so the more you comment on the videos, the better your chances of winning! You can also gain additional entries by sharing our video on your social media accounts or by commenting on our Instagram or Facebook accounts.

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3: GRAND PRIZE - 2 Night Trip For Two to Denver and an Afternoon With Mr. Pillmore
a) 1 winner selected first week of October.
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Why I left my job at Google (as a software engineer)

The Tech Lead Patrick Shyu explains why he quit Google as a software engineer.




For more tech interview tips & tricks, check out TechLead: Season 1 Complete HD available for purchase.

2 PASSIVE INCOME BUSINESS IDEAS 2018! I started at age 18

Today we discuss the top 2 Passive income streams or business ideas that ANYBODY CAN DO TODAY WITH ZERO MONEY REQUIRED.

Passive income is the best income you can make. These 2 business ideas can generate you wealth at an early age.

Subscribe for more.
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The Truth About Passive Income... 💰

Is Passive Income Real Thing Or Is It Bullsh*t?

Gary Vee recently posted a new video and podcast episode where he talks about passive income being BS, his opinions on it and more (Watch Gary's Original Video:

I love Gary's content and his message. Including this one... While this video has been doing the rounds on social media this past week people have been taking it WILDLY out of context. Gary even starts off the video stating that most of his own income is mostly passive.

So I figured I'd film this quick video with my response and my own opinions of passive income and the validity of it. I'll go over some of my personal experiences with passive income and the way I define it.

I'd love to hear what you guys think in the comments below. Let me know what you think!

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#PassiveIncome #GaryVee #Entrepreneur

5 Ways to Make Passive Income

In the video I share 5 ideas you can pursue to make extra money this year. There are 2 types of income: Active and Passive. Active is when you are being paid for your time and Passive is when you are paid after the work has been completed regardless of the number of hours you put into it. Many of use are making a living using active income.

If this video could help someone you know, pay it forward and share this with them.

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10 Years in the Life of a Software Engineer (digital nomad / app entrepreneur)

Ex-Google Tech Lead Patrick Shyu shares 10 years of life as a software engineer (app entrepreneur).

For more tech tips & tricks, check out TechLead: Season 1 Complete HD available for purchase.


How To Make TRUE PASSIVE Income 💸 ($400/day+)

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How to make Passive Income: Why I make $6470/month

Here's exactly how I make $6470 per month….or $215 per day…in passive income. I'll also share some great ways to make money on the side and why it's so much better to have your money working for YOU, than YOU working for money. Feel free to add me on Snapchat and Instagram: GPStephan

How I make $6470 per month:
Owning five rental properties - $4650/month
Paying down mortgages - $1600/month in equity
Index Fund VFIAX - $200/month
Ally Bank Savings Account - $20/month

Note: The rental properties aren’t 100% passive..it still requires some time accounting income and expenses… but seriously, I have everyone on staff to handle things as they come up. Maybe one hour of work per month, sometimes two.

I essentially keep my spending at the level I make from the rental properties so that everything else I earn from real estate can be re-invested to make more money. That way I can ramp up my investments and keep the portfolio growing.

Some other great ways of earning passive income include:

Investing in Real Estate - Rental Properties

Investing in the stock market - I'm a fan of Vanguard Index Funds

Owning intellectual property such as ebooks, websites, online marketing...and maybe even YouTube ;)

Amazon FBA, Affiliate Marketing, Drop Shipping can be good choices.

Through semi-absentee owned businesses such as Laundromats, Self Storage Centers, Car Washes, etc.

Owning your own business and hiring out people to manage the day-to-day operations

Peer to Peer lending - etc.

If you’ve actually read this far, I hope you appreciate the transparency - I’m doing these videos as an example of what’s possible and to plant the seed why passive income and investing is absolutely important.

Thanks again for watching! Feel free to comment below, let me know your thoughts, questions, anything…

For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com

Suggested reading:
The Millionaire Real Estate Agent:
Your money or your life:
The Millionaire Real Estate Investor:
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