Summary
Highlights
The presenter shares how he makes 7,000 to 8,000 Ringgit monthly from six passive income streams and two side projects. He criticizes other passive income videos for being unrealistic for Malaysians and clarifies that his suggestions will not involve MLMs or scams. He emphasizes that passive income requires time, patience, and effort, especially at the beginning, defining it as any method that provides extra income after initial setup, with varying levels of passivity.
The first method is playing crypto games like Axie Infinity, earning RM1,500-RM2,000 monthly for 2-3 hours of daily play. This involves participating in a digital economy, with earnings in SLP (Small Love Potion) convertible to real money. Getting started requires some crypto knowledge and an initial investment in an Axie team (RM3,000-RM4,000), though scholarships are available to start without upfront cost. It's easy to make RM100/month once you get the hang of it, and maintenance involves about 2 hours of daily gameplay.
Building on the first method, managing Axie scholarships generates approximately RM2,000 monthly. This involves buying multiple Axie teams and lending them out to scholars, earning a flat rate per team. Starting requires capital to buy teams. Making RM100/month is easy (around RM650 per scholar monthly). However, maintaining it is difficult, demanding performance tracking, training, and payment payouts for multiple scholars, akin to a full-time job. A free template for tracking scholar performance is offered, and a Trezor wallet is recommended for security.
Making personal finance and crypto videos on YouTube generates roughly 200 USD (RM800-RM1000) monthly from AdSense. Starting YouTube is relatively easy by just using a phone, but finding engaging topics, understanding audience interests, and incorporating trends make it complex. To make money, channels need 1,000 subscribers and 4,000 watch hours, which took the presenter three months. Maintaining a YouTube channel is demanding, involving scripting, shooting, editing, and designing thumbnails consistently over time.
Affiliate links are simple to start (1/5 difficulty). It involves sharing products you enjoy and find beneficial to your audience, like crypto platforms (e.g., Luno). Making RM100/month (3/5 difficulty) depends on the product type (financial or beauty products often yield higher returns) and having an existing social media presence. Maintenance is rated 4/5 because it gets harder after exhausting one's immediate social circle; a larger online audience is crucial for sustained income.
Investing in stocks, specifically US index funds, is easy to start (1/5 difficulty) by just downloading an app. The presenter cautions against 'get rich quick' schemes and recommends index funds as a simpler and often more profitable option, outperforming 90% of actively managed funds with an average 10% annual return. Services like StashAway (for beginners) and Interactive Brokers (for lower fees) are recommended. Making RM100/month from stocks (2/5 difficulty) requires about RM12,000 invested, achievable by saving RM350/month or RM10/day for three years. Maintaining investments is easy (1/5 difficulty) once the saving habit is established.
Investing in cryptocurrencies is easy to start (1/5 difficulty). It's volatile, but holding blue-chip coins like Bitcoin or Ethereum long-term reduces risk and can bring significant profit. Earning interest on crypto through staking (explained in another video) or online crypto banks like Metricspod (the video's sponsor) are also options. Metricspod offers up to 30% fixed annual income. Making RM100/month (1/5 difficulty) requires less money than stocks but is more unstable without a strategy; long-term holding of BTC/ETH is recommended over day trading. Maintenance is easy (1/5 difficulty) once the right cryptos are bought and held long-term.
This unorthodox method involves doing cheap jobs for Americans on Reddit's 'Slave Labour' subreddit. While 'cheap' for Americans, it translates to significant earnings in Ringgit. Examples include creating taglines or finding influencers for 5-15 USD. Getting started is easy (2/5 difficulty). Making RM100/month (2/5 difficulty) is achievable as 25 USD becomes RM100. Maintenance (3/5 difficulty) becomes easier as a work portfolio grows, potentially leading to higher-level platforms like Fiverr or Upwork.
This involves finding underpriced items on Facebook Marketplace and flipping them on platforms like Carousell or Mudah.my. Starting is rated 2/5; it's recommended to practice by selling unwanted personal items first. The presenter notes finding good deals on cameras. Making RM100/month (3/5 difficulty) depends on the products being flipped (electronics often do well) and improves with experience and good ratings. Maintaining this requires consistent monitoring of the marketplace but can be a fulfilling hobby.
The presenter summarizes the six passive income ideas and two side income ideas that help him earn RM7,000 per month. He reiterates his thanks to Metricspod for sponsoring the video, highlighting their offerings for crypto investments. The video aims to provide valuable insights that the presenter wishes he had known earlier.