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passive income

concept · in 17 sources (2018–2020)

Money not directly tied to hours worked (book royalties, courses); always in air quotes for him, a destination, not a start.

Sources by year: 2018: 1 · 2019: 6 · 2020: 10

Also known as: true passive income, income not tied to time

Also named in the threads: Ali's foundation years as a junior doctor at Addenbrooke's Hospital and West Suffolk Hospital (2018) · Ali says he is going to work on his own Skillshare classes, taking a deep dive into how he makes his videos: filming, editing and post-production. · Ali promises more videos on money, how he makes money and personal finance (2019) · Ali promises an in-depth video on how to start an online business (2019)

Questions

Often together

What comes up in the same parts of the videos; the number is how many parts.

work optional (8) · The 4-Hour Workweek (5) · Tim Ferriss (5) · The Tim Ferriss Show (3) · Derek Sivers (2) · Gary Vaynerchuk (2) · Peter McKinnon (2) · Amazon (3) · Skillshare classes (3) · YouTube (4)

What the videos say

The most important statements of each year; all statements.

2020

  • 2020-02-20 · (Un)productive Day in the Life as a Doctor — Ali: Invited by the Girton Medics and Vets Society, Ali gives a talk at Girton College on time management, side projects and enjoying life as a medic, covering his philosophy of financial independence, passive income, job fulfilment and doing fun things in spare time. — 00:05:13
  • 2020-04-29 · Productivity, Books and Careers Advice - Ali Abdaal x Noah Kagan // Deep Dive — Ali: Wanting to avoid that future set Ali on the path of businesses, passive income and financial independence: medicine is fun, but he doesn't think anything is fun full-time. — 00:09:52
  • 2020-05-01 · How Much Money I Earn in a Week as a Doctor & YouTuber — Ali breaks down what he earns in a week from his full-time job as a junior doctor in the NHS alongside his sources of passive income. — 00:00:00
    • Ali's income from sources other than his job now far outweighs his doctor pay, a point he long wanted to reach after trying for about five years to build passive income. — 00:17:13
    • The aim of passive income is several streams of money not tied to your time, and one of the easiest ways is selling educational material online: an ebook, a digital download or an online course. — 00:22:36
    • The main benefit of passive income, Ali says, is that work becomes optional: you can leave, go part-time or start something else, instead of being shackled to a job you need to pay the bills. — 00:27:45
    • To anyone starting on passive income, Ali says to seriously consider creating content in some form. — 00:28:57
    • In the week of 23 to 29 March 2020, which Ali calls pretty standard, his active income was $1,389.44 and his passive income $4,093.69: $5,483.13 in total. — 00:29:42
  • 2020-05-26 · Studying, Cooking and Netflix · Day in the Life During Lockdown — Ali has a catch-up call with his friend Zeeshan, a London paediatrician who founded the Unofficial Guide to Medicine book series Ali used at medical school; they discuss careers in medicine and active versus passive income. — 00:00:00
  • 2020-07-03 · I'm Moving to America 🇺🇸 - Life Update — Ali: None of these decisions is permanent for Ali: thanks to multiple streams of passive income he does not need medicine to survive, so he can leave America if he dislikes it. — 00:28:01
  • 2020-09-23 · The Book That Changed My Relationship With Money — Ali says he has applied the principles of Your Money or Your Life to reach financial independence, developing various streams of passive income. — 00:06:15
  • 2020-12-13 · Love, Money and Relationships - Answering your Assumptions — Ali prioritises making money and passive income because he thinks money gives you the freedom to do the work you enjoy. — 00:18:43
  • …and 5 statements more in 2020 — all statements of 2020

Also named in: How Much Money I Earn as a Doctor + YouTuber

2019

  • 2019-02-07 · THE BEST EARPHONES - Apple AirPods Review — Ali: Podcasts such as The Tim Ferriss Show, The Ground Up Show, the Indie Hackers podcast, Seth Godin's Startup School and the GaryVee Audio Experience inspired Ali to start his YouTube channel and newsletter and to grow his side businesses and passive income. — 00:03:31
  • 2019-02-11 · 3 Books that Changed my Life — Ali says The 4-Hour Workweek by Tim Ferriss tells how to quit your job, set up businesses with automated income that need no physical work, and travel the world. — 00:00:29
  • 2019-02-14 · Valentine’s Day Live Stream — Ali could make a passive-income video but does not know what he would cover: his passive income is specific to the medical-application niche, advice few others could apply. — 00:25:47
  • 2019-08-06 · Smart Passive Income + The Third Door - Monthly Favourites #11 — recommendation: Ali recommends Pat Flynn's Smart Passive Income podcast: he long avoided it because it sounded a bit scammy, like Ramit Sethi's I Will Teach You To Be Rich or Tim Ferriss's The 4-Hour Workweek, but it is really good. — 00:03:28
    • Ali describes passive income as creating books, processes and businesses that make you money without your having to put more time into them. — 00:03:28
    • Books are a great way of making passive income, Ali says: you put a ton of effort into researching and writing a book once, and it then sells many copies without much extra time or effort. — 00:04:41
  • 2019-09-06 · Life Advice Q&A with my Brother — recommendation: Taimur Abdaal: To earn money at school or university, Taimur says use the summers: most people do internships or summer jobs, but he highly recommends setting up an online business that brings in some passive income. — 00:09:02
  • 2019-09-24 · Ready Player One + 'My First Million' - Monthly Favourites #12 — Ali: Nat Eliason has several businesses bringing in passive income, and he too started out by reading Tim Ferriss's The 4-Hour Workweek. — 00:06:54
    • Reading The 4-Hour Workweek about six or seven years ago gave Ali the bug of making money while you sleep; since then he has been building sources of passive income so that he need not rely on his full-time job as a doctor to make money. — 00:07:24
    • Nat Eliason (quoted): Nat Eliason writes about the existential dread of having passive income and no need to work, which Tim Ferriss also alludes to in The 4-Hour Workweek: after travelling a lot, including a few months in Argentina, Nat realised that fetishising travel was not the route to happiness. — 00:07:53
    • Nat Eliason (quoted): Nat Eliason says that much of the happiness in your life comes from your relationship, close friends and family, mostly in the city where you live, rather than from travelling the world and living on a beach. — 00:09:02
    • Ali never wants to be a doctor only because it pays the bills, so he still thinks it very valuable to build sources of passive income and an entrepreneurial lifestyle. — 00:10:03
  • …and 7 statements more in 2019 — all statements of 2019

2018

  • 2018-08-24 · Answering personal questions - 50k subs Q&A — Ali's goals after university are to be a good doctor, to become financially independent by living off passive income, to take a few years out of medicine at some point and to keep growing his YouTube channel; he has no single overarching mission yet. — 00:01:47