So I would encourage you — if you do have money to invest, think about a strategy like dividend investing or blue-chip s

I was able to use the FHA loan, which was a much smaller amount of money out of pocket, but I still had to come up with $22,000 in order to close on this property and get my foot in the door.,YOLO stands for you only look once. When the paper was released, the popular method for object detection was to reuse classifiers to classify local regions of an image and use a sliding window approach to check if each region of an image has an object. YOLO shifted the paradigm by proposing object detection as a regression problem, where they only use a single network for the entire pipeline and process the whole image at once rather than in regions.,So I do this with my property personally. I actually have a three-unit property, which also has a cottage, and I live in one of the units, and I rent out the other units and the cottage.,So it’s very passive and essentially has allowed me to eliminate my mortgage, my earning rental income from these tenants, which pays for the mortgage, and other expenses.,Well, by the time you reach retirement age, you would have a 401k worth around $1.8 million from just $100 per week, and that’s simply assuming you take that money and you passively invested in the stock market, which on average returns around 8 to 10 percent per year.,While this does work for some people, for the majority of people, making these YOLO type bets means you’re going to essentially blow up your account and lose all of your money.,Right now, you might earn around a 0.5% APY for an online savings account, and that essentially means if you have $1000 saved up over the course of one year — you might earn about $5 in interest.,You already reside on the property. You already have to mow that lawn or have it mowed for you and plow that driveway. All you’re doing is adding some additional units and additional revenue streams to this property that you’re already maintaining.,As mentioned earlier — a lot of these ideas are going to require you to have some money saved up, and that is why it is so important to build up savings in your 20s, which will allow you to make some of these other moves to earn significant passive income.,What I’m getting at here is rather than going out there and buying a single-family house or renting for your entire life — you eventually want to make it the goal to purchase a two or 4 unit property where you’re able to rent out those other units while living in one of them to offset the mortgage or in some cases pay the mortgage and related expenses entirely.,I know this sounds like a boring one here — but this is a very important first step because if you’re looking to earn passive income through other means, pretty much all these different avenues require you to have some amount of capital saved up.,And again, guys, the whole point here is not to become a millionaire from the interest in your savings account. That is just not going to happen unless you hit that jackpot, which is not very likely.,But the difference between this and the lottery is that Yotta is FDIC insured, and essentially it encourages you to save money because the more money you save — the more tickets you get for the weekly drawing.,I love the fact that there are two potential ways to make money with stocks, and the reason I’m bringing these up here for people in their 20s is a lot of people make very risky investments at this age, whether it be options trading or futures or forex, things like that.,So I don’t care if you just do 1% of your pay into your 401k or do anything at all but trust me, guys, it’s an easy way to make passive income, and you’re going to thank me later.