Making a Passive Income - Nov 24, 2023 Newsletter

Together with:

Ready, set, GO! 🏎️

This morning, we’re racing you to an exciting destination called… passive earning. So, buckle up, keep your hands on the steering wheel, and find out how you can boost your finances with a little bit of planning.

💡 PLUS, a budget planner (on the house!) to stay on track.

How to build a passive revenue stream with… LEGO

Yep, that’s right: LEGO. The tiny interlocking brick that’s loved by kids — and adults — the world over.

And that’s exactly what the (unnamed) man behind the TikTok channel ToyAlertsUK is doing.

Based in Manchester, England, he buys retired LEGO sets and resells them online, making a staggering £ 10k (or $ 12,400) a month. 🤑

In fact, he bought an unopened LEGO Minecraft set that was retired in 2021 from his local supermarket ASDA for £ 15 (about $ 19). He then resold it on Amazon for £ 80 (just under $ 100) at an ROI of over 350 %. We repeat: three-hundred and fifty percent.

The TikToker also managed to make £ 400 (about $ 500) by reselling 40 LEGO NINJAGO sets that he bought for just £ 4.10 ($ 5) each. And that’s just the tip of the iceberg.

Play your cards right and invest in the right LEGO sets, you too can build your own passive revenue stream. Just consider the retired Grand Carousel set: it retailed for $ 250 up until its retirement in 2010 and, sealed, can fetch as much as $2,555 in 2023. 🤯

Explore ToyAlertsUK’s videos ➜

🤝 TOGETHER WITH FIERCE FINANCE

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Some cool ways to increase your earnings!

Earning passively ≠ Rocket science

It’s 2023: ChatGPT can pass exams, countries are building space armies, and the first dog-fox hybrid was recently discovered. 🦊 In a world that loves to keep surprising us, it comes as no shock that working is no longer a strict requirement when it comes to earning a living.

With the rise of the internet especially, increasing your assets while working a 9-to-5 has become easier, without the need for constant, fervent side hustling. 🥵 Let’s look at some of the most popular ways you can boost your monetary gains:

• Investing in art or stocks.

• Offering affiliate marketer services.

• Renting out a room in your house. 🏠

• Creating digital products, like courses and templates.

• Starting a drop-shipping or print-on-demand business.

Although it can seem as though passive earning always requires initial capital, it doesn’t have to. The less you can invest upfront, however, the longer you may have to wait to see returns on your efforts. That’s why it’s important to start early, pick the passive earnings “generator” that suits your circumstances, and be patient!

In the meantime, why not conduct a little research and make sure that your employer is compensating you fairly for what you bring to the table? Failing to negotiate your salary can create a snowball effect, costing you as much as $ 750k over the course of your career according to CNBC.

Tips for salary negotiation ➜

Budgeting made simple

Thanksgiving and Christmas are already around the corner. Time sure flies, and so do the green little bills in your wallet. 💸 To navigate this period with more ease, grab our Monthly Budget Planner and stay on track.

Catch you on the flippity flip :)