But can John’s strategies work for the average person? Or should you look elsewhere for passive income ideas? Keep reading to see how you can learn from his philosophy.
John’s Best Passive Income Strategies
Just like fellow “Shark Tank” Host Mark Cuban, John is no stranger to generating passive income. He doesn’t speak much about these strategies publicly, but you can learn from what he does, as you’ll see below.
Creating Resellable Content
John has written seven books — this might not sound like a passive income strategy because writing a book can be a lot of work. But now that John has finished writing these, he’ll continue earning income from them for as long as people purchase them.
You can write a book as well or focus on other types of content that are highly resellable. You’re probably an expert on something. Write a guide about it. If successful, you could continue to make money off that guide without any additional work for years.
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Real Estate Investments
John owns a massive estate in New York and makes other private real estate investments. This shows he believes in storing a significant amount of his wealth in the asset class.
You may not have the capital to acquire a full apartment building. But there are apps now that let you buy a part of income-generating residential properties for much less. Once you purchase a stake in a property, you’ll get a split of its profits until you sell.