📺 Stream EntrepreneurTV for Free 📺

How I Made $134,846.40 of Passive Income in One Month It might be called passive income, but I didn't just make that money by sitting on the couch.

By Jeff Rose

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

In a previous video, Entrepreneur Network partner Jeff Rose broke down different ways you can open yourself up to passive income. Many viewers liked the content, but some didn't. Specifically, they didn't like the idea that Rose had to work for his passive income -- one reviewer even claimed that if Rose worked for a single hour, then that revenue stream could not be considered passive income.

In this video, then, Rose wants to set the record straight about passive income. Namely, that the money doesn't just fall from the sky. Think about it: If passive income required no work at all, then why wouldn't we all be living with passive income? Instead, Rose says that in order to make passive income, you need two things: hard work and time. Whether you're writing a book or setting up a video channel, you're going to have to be willing to grind in the short term to reap long-term benefits.

It might not sound exactly like the free-money scheme you might hope for, but again, if we could all just get free money, we would already be getting it. And that doesn't lessen the value of passive income -- Rose explains how he made six figures in passive income in a single month.

Click play to learn more about how he did it.

Related: 7 Financial Skills I Wished I Had Learned in High School

Entrepreneur Network is a premium video network providing entertainment, education and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.

EN is partnered with hundreds of top YouTube channels in the business vertical. Watch video from our network partners on demand on Roku, Apple TV and the Entrepreneur App available on iOS and Android devices.

Click here to become a part of this growing video network.

Jeff Rose

Certified Financial Planner, Author and Blogger

Jeff Rose is an entrepreneur disguised as a certified financial planner, author and blogger.  He's best know for his blog GoodFinancialCents.com and book, Soldier of Finance: Take Charge of Your Money and Invest in Your Future.  He's also the editor of LifeInsurancebyJeff.com. He escaped a path of financial destruction from dropping out of college with over $20,000 of credit card debt to become a self-made millionaire. His mission is help future generations achieve financial freedom by developing strong money habits and unleashing their entrepreneurial spirit.   

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

More from Jeff Rose

This Certified Financial Planner Explains How to Invest $10,000

How I'm Picking the Best Stocks Right Now

Michael Jordan's Top 7 Rules for Success

Editor's Pick

Thought Leaders

It's the End of the Entrepreneurial Era As We Know It

With the rise of advanced technologies and AI, are we losing all sense of the independent business person and entrepreneur?

Business News

These 4 Words Make It Obvious You Used AI to Write a Paper, According to New Research

Scientists are increasingly using ChatGPT and other AI bots to write studies.

Science & Technology

Exploring How Virtual Reality is Changing Startups

Virtual reality's immersive environment is where startup marketing is headed, and early adopters will be the ones who profit.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Side Hustle

He Started a Luxury Side Hustle at Age 13 — Now the Business Earns More Than $10 Million a Year: 'People Want to Help You When You're Young'

Michael Morgan, now the owner of Iconic Watch Company, always had a passion for "old things" — and he turned it into a lucrative venture.

Business News

'They're Scared': PNC Arena Bans New York Residents From Purchasing Tickets Ahead of Rangers, Hurricanes NHL Playoff Matchup

The two teams will face off in Game 1 of the second round of the Eastern Conference fight for the Stanley Cup.