#393 - Ali Abdaal - 12 Simple Ideas To Earn Passive Income

Modern Wisdom

Chris Williamson

Society & Culture, Health & Fitness

4.6 • 5.9K Ratings

🗓️ 4 November 2021

⏱️ 69 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ali Abdaal is a Doctor and a YouTuber. Money makes the world go round. After the last 12 months, everyone should have realised that relying on a single source of income is not a very antifragile way to construct a financial set up. Creating multiple revenue streams is a great way to de-risk yourself, and today we get to find out 12 of Ali's favourites. Expect to learn why the S&P500 almost always beats expert hedge fund managers, how Ali makes his money on YouTube, why Coinbase is great for crypto investing, the easiest way to create an online course, why houses are still a great investment idea, how to automate a business, the best and worst ways to make affiliate marketing money and much more... Sponsors: Join the Modern Wisdom Community to connect with me & other listeners - https://modernwisdom.locals.com/ Get 20% discount & free shipping on your Lawnmower 4.0 at https://www.manscaped.com/ (use code MODERNWISDOM) Get 15% discount on Craftd London’s jewellery at https://bit.ly/cdwisdom (use code MW15) Get 5 days unlimited access to Shortform for free at https://www.shortform.com/modernwisdom (discount automatically applied) Extra Stuff: Follow Ali on YouTube - https://www.youtube.com/user/Sepharoth64 Check out Ali's website - https://aliabdaal.com/ Get my free Reading List of 100 books to read before you die → https://chriswillx.com/books/ To support me on Patreon (thank you): https://www.patreon.com/modernwisdom - Get in touch. Join the discussion with me and other like minded listeners in the episode comments on the MW YouTube Channel or message me... Instagram: https://www.instagram.com/chriswillx Twitter: https://www.twitter.com/chriswillx YouTube: https://www.youtube.com/ModernWisdomPodcast Email: https://chriswillx.com/contact/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	What's happening people? Welcome back to the show.
0:03.0	My guest today is Ali Abdal, he's a doctor and a YouTuber.
0:07.0	Money makes the world go round.
0:09.0	After the last 12 months, everyone should have realized
0:11.6	that relying on a single source of income
0:13.7	is not a very anti-fragile way to construct a financial setup.
0:18.0	Creating multiple revenue streams is a great way to de-risk yourself.
0:21.8	And today, we get to find out 12 of Ali's favourite ideas
0:25.8	for how you can earn passive income.
0:28.1	Expect to learn why the S&P 500 almost always beats expert hedge fund managers.
0:33.4	How Ali makes his money on YouTube,
0:35.4	why Coinbase is great for crypto investing,
0:37.8	the easiest way to create an online course,
0:40.3	why houses are still a great investment idea,
0:43.1	how to automate a business the best and worst ways
0:46.2	to make affiliate marketing money and much more.
0:49.4	Goes without saying that this episode is not financial advice
0:54.3	and you should take everything with a pinch of salt
0:57.2	and if you make tons of money, feel free to give me some of it
0:59.8	and if you lose some money, then don't complain.
1:01.8	That's kind of...
1:02.9	That's the situation we're playing with.
	...

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