I’m Gen Z and I Earn $6K a Month in Passive Income — Here’s How (2024)

I’m Gen Z and I Earn $6K a Month in Passive Income — Here’s How (1)

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Reuben Lim is a Gen Zer, and he’s earning up to $6,000 a month in passive income.

His golden goose is an angler-focused website, Fishing Sensei, which gets around 25,000 monthly visitors. Lim, who started his venture with just $500, provided identification and detailed financial statements to substantiate his age and earnings.

“I built Fishing Sensei up in just a year from zero to become one of the leading fishing sites,” he said.

The site currently ranks No. 1 for many top keywords, which is crucial to his business model, as Lim will explain.

“Basically, every article I write is pretty much guaranteed to rank,” he said. “Here’s how I did it.”

A Passion for Fishing Becomes a Successful Affiliate Marketing Operation

Lim makes money by writing and posting articles with affiliate links for products like fishing rods, reels, lures and other fishing gear.

“For me to make money, of course, the articles have to rank on Google,” he said. “So I do search engine optimization (SEO) for the articles to rank, and when visitors click to read my articles and buy the products that I recommend, I earn a percentage of the sale as commission.”

Lim also monetizes with ads from Mediavine, a premium ads network. “Though that makes up only 10% of my earnings,” he said.

Make Your Money Work Better for You

In the Beginning, There Was Nothing Passive About It

Lim started in 2022 with $500 that he used for web hosting, the domain name, a keyword research tool and some other miscellaneous expenses like purchasing links.

“From there, the first thing I did was build up the website, which took about a week,” he said. “This entailed building the home page, choosing the website colors and fonts, building the legal pages and disclaimers and the backend stuff like the content delivery network (CDN) and the domain email setup.”

Initially, he worked on the site for six to eight hours per day.

“Next, I spent another month writing my first 10 info articles to populate my site and make it ready for Google,” he said. “This took three to four hours per day on weekdays and four to six hours on weekends.”

He then spent three to four hours per day on link-building.

“Once that was done, I started on the commercial articles,” said Lim. “These were roundup articles. These articles take longer to create because of the research that goes into them. I take roughly a week per article, so I was publishing four per month.”

Hours Put in Become Dollars Pulled Out

During this final stage, he spent three to four hours per day on weekdays and six to eight on weekends — but then the hard work started to pay off.

“From March 2022, it took four months for me to make my first bit of money,” he said. “It was in July, and I made exactly $153.87 that month. From then on, I simply continued writing and publishing four articles per month and building links along the way.”

Make Your Money Work Better for You

Here’s a look at how his revenue grew once the site hit its stride:

  • August 2022: $672.36
  • September 2022: $951.43
  • October 2022: $969.87
  • November 2022: $1,114.14
  • December 2022: $2,343.97
  • January 2023: $2,289.64
  • February 2023: $2,874.43
  • March 2023: $3,548.39
  • April 2023: $5,138.07
  • May 2023: $6,439.73
  • June 2023: $5,544.36

A Side Hustler Becomes an Employer

Fishing Sensei soon outgrew Lim’s capacity as an individual, and he had to expand.

“I was writing all the articles myself every month until January 2023,” he said. “I hired a writer, which cost $1,000 per month.”

Other expenses are limited only to hosting, domain name renewal, site speed tools, CDN, Google Workspace and link-buying, which adds up to about $1,000 per year.

“It wasn’t until around December that I started to spend more money,” said Lim. “So, really, it takes less than $500 to start a successful website.”

Diligence and Persistence Lead To Hard-Fought Success

You don’t need a lot of money, but you must be willing to put in the work, and for Lim, the biggest challenges were time and motivation.

“Having to work and do this at the same time meant that I had to spend all my after-work hours on this,” he said. “I made use of every available moment. If I was traveling on the bus or train, I was either researching or writing articles, and once I got home, I would quickly shower, eat and continue the work on my laptop.

“As for motivation, I would say, first of all, it’s hard enough having to find the energy to do this after a long day of work. But also, writing isn’t exactly a ton of fun, at least not for most people, so I felt quite drained having to juggle work and my website. Nevertheless, I knew it was what it took to succeed, and I forced myself to work and did whatever it took.”

Make Your Money Work Better for You

While Fishing Sensei was his first true success, it was not his first attempt at an entrepreneurial endeavor.

“Frankly, I’ve been a hustler since I was young,” said Lim. “Since the age of 16, I’ve tried selling on Carousell, dropshipping, Bing ads, Facebook ads and even MLMs. None of them worked, and I actually spent close to $5,000 testing all those money-making methods. Each time one method failed, I would jump on to the next because I knew that only by exhausting each method and finding all the ways that wouldn’t work would I be able to eliminate them and finally end up with a successful method. So I just kept scouring the internet for a new method each time one failed until I stumbled upon this method, SEO, which was actually just after two failed ventures with MLMs. I wouldn’t say I was inspired by anything, but rather, motivated to never give up and just keep trying.”

In the end, the perseverance paid off and Lim is catching some very big fish.

“I am making $3,000 per month in my lowest months,” he said. “And it took me exactly a year to achieve this.”

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I’m Gen Z and I Earn $6K a Month in Passive Income — Here’s How (2024)

FAQs

How can I make $5000 a month in passive income? ›

  1. 7 Proven Ways to Make $5,000-$9,000 Per Month in Passive Income. ...
  2. Invest in Dividend Stocks. ...
  3. Invest in Real Estate. ...
  4. Earn Royalties from a Book, Blog or Podcast. ...
  5. Build a Profitable Affiliate Marketing Site. ...
  6. Invest in a High Yield Savings Account. ...
  7. Profit from Online Courses or Coaching. ...
  8. License Your Inventions.
Nov 2, 2023

How to make $1,000 dollars a month in passive income? ›

Passive Income: 7 Ways To Make an Extra $1,000 a Month
  1. Buy US Treasuries. U.S. Treasuries are still paying attractive yields on short-term investments. ...
  2. Rent Out Your Yard. ...
  3. Rent Out Your Car. ...
  4. Rental Real Estate. ...
  5. Publish an E-Book. ...
  6. Become an Affiliate. ...
  7. Sell an Online Course. ...
  8. Bottom Line.
Apr 18, 2024

How much money do you need to live off passive income? ›

It's easiest to live off of passive income if you live in an area with a low cost of living. To live off of financial investment and cash-equivalent income, you'll need a larger amount of money. To earn $30,000 per year, you'll need $600,000 invested at 5% per year.

How to make $100,000 per year in passive income? ›

Ways to Make $100,000 Per Year in Passive Income
  1. Invest in Real Estate. Rental properties generate income through tenants who pay rent each month to live in a property you own. ...
  2. CD Laddering. ...
  3. Dividend Stocks. ...
  4. Fixed-Income Securities. ...
  5. Start a Side Hustle.
Jul 28, 2023

How much is $5 000 a month per hour? ›

$5,000 a month is how much an hour? If you make $5,000 a month, your hourly salary would be $28.85.

How can I make $30 a day passively? ›

An Easy $30 Per Day Idea for Beginners
  1. Cashback Websites. One of the easiest and most passive ways to make $30 per day is by utilizing cashback websites. ...
  2. Paid Surveys. ...
  3. Brand Ambassadorships. ...
  4. Online Panels. ...
  5. Playing Video Games. ...
  6. Food Delivery. ...
  7. Delivering Goods. ...
  8. Flipping Goods.
Nov 4, 2023

How to passively make $2,000 a month? ›

Wrapping up ways to make $2,000/month in passive income
  1. Try out affiliate marketing.
  2. Sell an online course.
  3. Monetize a blog with Google Adsense.
  4. Become an influencer.
  5. Write and sell e-books.
  6. Freelance on websites like Upwork.
  7. Start an e-commerce store.
  8. Get paid to complete surveys.

How to make $2500 a month in passive income? ›

Introduction:
  1. Idea 1: Invest in Dividend Stocks. Dividend stocks are one of the most common ways to earn passive income. ...
  2. Idea 2: Invest in Real Estate. ...
  3. Idea 3: Rent Out a Property. ...
  4. Idea 4: Invest in Peer to Peer Lending. ...
  5. Idea 5: Build an Online Business. ...
  6. Idea 6: Create an Online Course. ...
  7. Idea 7: Invest in Mobile Home Parks.
Jul 25, 2023

How are people making passive income in 2024? ›

For ideas on what high-paying passive income side hustles might work for you, you could consider any of the following as falling into the "passive income" category: Real estate investing. Buying dividend stocks. Airbnb rentals and experiences.

How to earn 10k a month passively? ›

Surya Prakash
  1. The Top 11 Ways to Earn $10,000 in Passive Income Each Month : Make Money Online. ...
  2. Dropshipping: The Gateway to E-Commerce. ...
  3. Using Endorsem*nts to Earn Through Affiliate Marketing. ...
  4. Etsy Print on Demand: Innovation Meets Business. ...
  5. Real estate crowdfunding. ...
  6. Creating and selling digital products.
Feb 10, 2024

How much money do I need to invest to make $4 000 a month in dividends? ›

But the truth is you can get a 9.5% yield today--and even more. But even at 9.5%, we're talking about a middle-class income of $4,000 per month on an investment of just a touch over $500K. Below, I'll reveal how to start building a portfolio that could get you an even bigger income stream than this today.

What is legally considered passive income? ›

As defined by the IRS, passive income is when you make money from an enterprise where you're not materially involved. This means you're the silent partner, the investor, the person who is not running the show. The IRS gives more specific limitations as to what “material participation” means.

What is the average passive income in the US? ›

And the median passive income earnings is $4,200 per year.

How much passive income do you need to retire comfortably? ›

Some experts say that you should save at least 10 times your annual salary socked away by the time you're 67. Others point to the 4% rule, which says you should be able to comfortably live off of about 4% of your investments in each year of retirement, thus allowing you to cover expenses for about 30 years.

How can I earn $5000 per month? ›

Let us scout for all the available options to earn 5000 per month and provide financial stability.
  1. Bank Deposits. ...
  2. Post Office Monthly Income Scheme. ...
  3. National Pension Scheme (NPS) ...
  4. Atal Pension Yojana (APY) ...
  5. Mutual Funds. ...
  6. Government and Corporate Bonds. ...
  7. Annuity. ...
  8. Life Insurance.

How to make 5k a month without working? ›

Here are ten ways you can make $5,000 per month without having a full-time or part-time job.
  1. Introduction. ...
  2. Start a Blog. ...
  3. Offer Freelance Services. ...
  4. Invest in Stocks or Cryptocurrencies. ...
  5. Sell Products Online. ...
  6. Rent Out Your Property on Airbnb. ...
  7. Teach Online. ...
  8. Become an Affiliate Marketer.
May 9, 2024

How can I double $5000 dollars? ›

How can I double $5000 dollars? One way to potentially double $5,000 is by investing it in a 401(k) account, especially if your employer matches your contributions. For example, if you invest $5,000 and your employer offers to fully match at 100%, you could start with a total of $10,000 in your account.

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