1.     Cashback apps (Ampli, Drop and Paymi)

2.     Buying equipment (vending machines, washing machines and bitcoin machines)

3.     Alternative investments (private equities, equity crowdfunding, commodities)

4.     Advertisements on your own vehicle

5.     Bonds

6.     Renting out storage space

7.     Renting out your own car

8.     Crypto currency staking

9.     Outsourcing your work

10.  Buying real estate (appreciation)

I picked this video because I thought that the ideas that he gave were different compared to other videos I have seen on YouTube. The best I idea I thought that was useful was idea #2 which was to invest in some equipment such as vending machines and paid washing machines to make extra income.

by Laura-King Jossirain

 

ETF #1 - FTSE Canadian High Dividend Yield Index ETF (VDY)

ETF #2 - iShares S&P/TSX Composite High Dividend Yield Index ETF (XEI) 

ETF #3 - FTSE Canadian Capped REIT Index ETF (VRE)

ETF #4 - BMO Canadian High Dividend Covered Call ETF 

 

He also goes into the details of all 4 of the Canadian based index funds and tells us why each of them are worth investing, the cost it would take to buy 1 share of those ETF’s at the current market price of when the video was recorded at the time basically, how to asses ETF’s to find out if they are woth investing.

I chose this video because it was different from Video #1 which provided us with ideas to increase our finances by doing things such as phone farming and buying vending machines which is great but here in video #2 we are given 4 ways to make money by investing in ETF's instead. The information that I though was the most important and useful was when he was telling us how to assess ETF's which is a very valuable thing to know when it comes to figuring out where to invest your money.

by Laura-King Jossirain

1:Through earning interest income from a High Interest Savings Account

2:Earning dividend income (Up to $50,000 in Canadian dividend income is untaxed if no other sources of income in British Columbia)

3:Earn passive income through REITs

4:Earn passive income as a landlord

5:Real estate crowdfunding in Canada

6:DIY Investing

7:Investing with a robo advisor

8:GET CASH BACK THROUGH RAKUTEN CANADA

9:Cash back from credit cards (travel hacking, credit card hacking in Canada)

10:Start a blog and monetize it (though it is definitely not passive in the beginning)

 

 

I chose this article because it provides us with 10 ideas one can use to make passive income here in Canada. Not only that but the author does into detail on how to achieve each of those 10 ideas but also explains common terms which prove this article to be beginner friendly. 

 
by Laura-King Jossirain

 

 I though this article was well rounded and believe that there is an idea for everyone. I though was very important is how the author warns his audience about frauds. Which made me realize how we must think critically and make our research when deciding to follow the advice of people online.

by Laura-King Jossirain