This is Dave Espino, and I'm going to answer to the question "how do I invest $1,000 to make a passive income?" I'm going to share with you how I would do it because the typical financial investment strategies that exist with a thousand dollars, you're not going to get very far.
How I Make Passive Income
I've actually been a licensed person in the securities business and taught and showed people how to invest in mutual funds, IRA's, retirement plans and things like that. There is a way to do it where you can highly leverage your investment and get to a really dramatically high passive income, and that's through an online course business. The online course businesses where you take your superpower, what you already know, and you put it into a visual training, a how to course a video course.
By doing that, other people can learn from you and you can multiply that out around the entire world.
For example, right now I have over 770,000 students around the world in 183 countries and the way I'm able to do that is that I've produced online courses. People all around the world are enrolling in these online courses and when they do, that generates an ongoing passive income for me.
Now the question was, how do I invest a thousand dollars to develop a passive income?
How You Can Create a Course With Little Money
Well the amazing thing is you wouldn't even have to invest a thousand dollars to get involved in the online course business. You could literally get started with $80 and that's because the screen recorder software that you need to record your screen while you're doing a presentation is only $18. Then to get a microphone for around 40, or 50, or 60 bucks; so all told for about $80 you can be in the business of creating how to video courses and tutorials and then marketing them all around the world.
That's the amazing business that I'd like to recommend. If you like that idea, if you'd like to learn more about it, I've got a free book for you. It's called the World's Most Perfect Business. You can get access to it at DaveEspino.com/freebook. I'll see you next time.