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Three millionaires describe the fastest way to increase their income without doing anything

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From left to right: millionaires Adrian Brambila, Sharon Tseung and Jeremy Schneider.

Adrian Braambila earns much of his passive income from affiliate marketing

Adrian Brambila

Adrian Brambila

Adrian Braambila is 32 years old but has a net worth of approximately $4 million. He didn’t start out with millions: By age 21, he was earning $27,000 a year as an account executive at a pension company. Today, he has three main sources of income: investments, rental properties, and an online affiliate and e-commerce business.

Although all three make good money, Braambila made around $750,000 from affiliate marketing alone in 2020. He does this by sharing product links on his blogs, emails, and social media platforms. You will receive a commission for each sale made through one of these links.

Sharon Tseung earns passive income from rental properties

Sharon Tseung

Sharon Tseung

Sharon Tseung invested in her first property in 2013. Her brother helped her by paying half the deposit. She was able to pay him back over time, so the property was completely in her name. From then on, Tseung kept saving money to buy and rent more residential properties. Today she is 30 years old and owns nine properties with a total of 13 residential units. Her current net worth is $1.1 million, according to her.

Although he lives in Milpitas, California, much of his real estate is out of state. She looks for businesses in areas with potential for population growth. This approach has allowed her to buy properties she can afford, thus limiting the number of mortgages she can take on. Although she has multiple sources of income, she says the majority of her passive income comes from her rental properties. On her personal blog “Digital Nomad Quest”, she documents her success and teaches others how they too can earn passive income.

Martin Menz is the founder and CEO of the Relaxdays online store.

Martin Menz is the founder and CEO of the Relaxdays online store.

Jeremy Schneider generates passive income from target funds

Jeremy Schneider

Jeremy Schneider

Jeremy Schneider created a rental advertising website and sold it at the age of 34. That was worth about two million dollars. He is 40 years old today and hasn’t had a regular job since. He has been able to live off his fortune and has even doubled it in the last six years, reinvesting the profits from the sale of his company. According to him, the current net worth of him is about 4 million dollars.

You own a mix of different assets, including real estate. But his main source of passive income comes from investing in target funds. These funds automatically adjust their investment mix to a more conservative portfolio as investors age or near retirement. They are a combination of stocks, bonds, and alternative investments, often in the form of a collection of mutual funds.

Jeremy Schneider keeps his withdrawal limit at four percent, a common rule for retirement income. But, on average, he can live comfortably on a withdrawal of less than 2 percent, earning him about $5,000 a month.

This article was translated from English by Steffen Bosse. It was published in May 2021. You can find the original here.

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