How Much Money I Earned From STOCK FOOTAGE In 2021 // Filmmakers Dream Passive Income? | Summary and Q&A

TL;DR

Stock footage can be a lucrative source of passive income, as the speaker made over $10,000 in one year without any additional effort.

Key Insights

• 🤑 Building a money tree, such as passive income streams like stock footage, can provide significant income without trading time for money.
• 🤑 Diversifying income streams by having multiple money trees can lead to a more financially secure future.
• 😫 Passive income requires initial work and effort to set up, but it can generate long-term, consistent income.
• 🥶 Stock footage platforms like Film Supply and Artgrid provide opportunities for filmmakers and content creators to monetize their old footage.

Transcript

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Questions & Answers

Q: How did the speaker make money from stock footage?

The speaker made money by uploading their old footage onto a stock footage website, where companies pay to use the footage in their videos. They did not have to do any additional work after uploading the footage.

Q: How much passive income did the speaker earn in 2021?

The speaker made a total of $10,299.07 in 2021 from stock footage without doing any additional work. Their income varied each month, with the highest month being $7,523 and the lowest being $60.

Q: Is stock footage the only money tree the speaker has?

No, stock footage is one of the speaker's money trees. They mention that other money trees they have usually require some nurturing over time.

Q: Is it possible for other filmmakers and content creators to build their own money trees?

Yes, the speaker encourages filmmakers and content creators to explore passive income streams like stock footage. They suggest signing up with platforms like Artgrid to sell footage and build another money tree.

Summary & Key Takeaways

• The speaker explains how they earned passive income through stock footage by uploading old footage onto a stock footage website.

• They made $10,299.07 in one year without doing any additional work, demonstrating the potential of stock footage as a money tree.

• The speaker emphasizes the importance of finding ways to make money that aren't tied to your time in order to achieve real wealth.