Press question mark to learn the rest of the keyboard shortcuts. Before the warnings come for Packetstream and Honeygain potentially being used by unsavory characters to buy bandwidth, I'm aware, but I wanted to try it out and see how it worked. But if you were in this situation what would you do? I wrote about 6 books a few years back and made around $4,000 total. It has a nice sized yard and off street parking with no home owners association. also, the lack of liquidity if you wanted to sell a property makes it a serious downside for me. How much do you think someone should be sitting on before safely going after one of these? Think in thousands, not pennies. Nothing special, I spent like 5 minutes actually designing it and then half an hour resizing it for the various types of products. I'm trying to get an idea about the scale of investment. I've wanted to do this so badly - but I'm way too poor right now! Tenants aren't as reliable so turnover and occupancy is higher. Very interesting, thanks for sharing! clicking a buy button), investing is it. If you want your money to work for you, with you doing a minimal amount of work (eg. The terms are pretty simple and it’s FDIC insured also. Selling extra bandwidth via packetstream/honeygain is truly passive with no investment, but I do pay $90 a month for internet so that's a prerequisite to making anything through them. To bring in $70 a month I have $12,000 invested across dividend stocks and cryptocurrency. Just a little inspiration for anyone who is getting started on the platform. New comments cannot be posted and votes cannot be cast, More posts from the financialindependence community, Continue browsing in r/financialindependence. and if not what other income sources you recommend. Just listing them here so we don't keep having the same links posted daily. :). So this is going to be an odd one but bear with me. Intellectual property is … Honestly I’m just looking for some ideas and maybe some other options I haven’t thought of. CLICK HERE to start securing your wealth today! agree, i wonder why people say real estate even if they get better returns because real estate is work as a landlord. and more hours writing and optimizing articles ? Real estate investments. thats fine if you actually need the cash from those dividends for living expenses. Just as the name of the post suggests, I'm a soon to be college grad and I'm looking at ways I can get started in making some passive income. I' later sold all the rights to the books, as the income dropped too almost nothing. "Passive income"doesn't have to be "Little income". After a few years i've actually got $70 of truly passive income and that's up from $60 last month. My grandparents have stated many times that they want to leave their house to me when they’re gone. We do not endorse these. Plus allows me to get gold and silver at dealer direct prices! Become a youtuber 2. write a blog with affiliate links 3. whore yourself on social media 4. invest in stocks. This can be done by creating and selling your own course in an area you’re an expert on, display ads, or affiliate ads. Passive Income As A College Student And Soon To Be Grad? The profit the owner receives after his or her initial investment is passive income. It’s just then currently living in the house and their pets. Community of individuals who want to build their own passive income streams. You're not going to take $100 and figure out how to get a passive income stream that you'll feel happy about if your goal is to get rich quick, or if you have some newcomer misconceptions about what passive income is. Please, folks, aim higher. How much money do you typically put into a dividend growth stock for the dividends to be worth it to you? However, the "passive" portion of income is dropped from many of those suggestions. I woke up to an alert that I sold a product! Royalties from intellectual property (books, patents, music, blogs, etc.) By then I’m sure the loan balance would be much lower and I’d also have a decent amount of my own money to put into some renovations. Stop wasting your focus on things making next to nothing. Dont even need a manager , "greeter" gets free rent and handles the initial contact with prospective new tenants / is my point of contact and spy, Reduces liability from over eager / stupid managers and its cheaper, Mobile home parks are basically giant overpriced parking lots - owner controls utilities up until they connect , no late night toilets to unclog etc, 30-40% expenses vs 50-60% for single or multifamilies, Better tax treatments (the depreciation on the sewers etc is 10 to 15 years vs again sfr or multifamilues 25 to 27.5 year depreciation). Are there any requirements for dividend payouts? As a non-US person, what is the best place to do that? For me, dividend growth stocks, specifically, are the best source of passive income I've found. At its core, FI/RE is about maximizing your savings rate (through less spending and/or higher income) to achieve FI and have the freedom to RE as fast as possible. The more cash you put in, the more passive income you receive. Passive income typically comes from a few general sources. I guess my question would be what would be my best course of action if I were to inherit the property. This is a place for people who are or want to become Financially Independent (FI), which means not having to work for money. My Costco-Like membership sends you $500+ paychecks weekly! So should I give this a shot, should I spend hours doing and learning niche research ? I started again recently and am about to launch my first book... From Debt To Millionaire. Would you mind sharing some numbers in terms of cost involved, number of tenants, and what common (or uncommon) things may occur from such an investment? Get it up to market standards and just sell for a lump sum, Fix it up a little and rent out individual rooms in the house, Fix it up and rent out the house entirely. It's only $2 profit, but its motivated me to keep designing. A niche site is a website that focuses on a singular topic or interest … Only one of those is "passive income" the rest are full time jobs that require an audience and a lot of luck. Is there any reason why I can't buy the stock right before dividend payout and then sell it again? They told me the house was recently valued at around 220,000$ and that they owe probably about 120,000 on the mortgage. These are the most commonly linked platforms here. As mentioned in this thread, there are all sorts of ways to make income. Now nothing is set in stone and they are in relatively good health but me being me I can’t help but plan ahead. However, the "passive" portion of income is dropped from many of those suggestions. Do some minor cosmetic repairs. I never asked them for anything like that but I guess they trust me more than other family to take care of stuff after they’re gone. I am fascinated. This is a lot of work up front but will pay off in the long run. Financial Independence is closely related to the concept of Early Retirement/Retiring Early (RE) - quitting your job/career and pursuing other activities with your time. Any tips on getting sales? I'm hoping to keep growing it at this rate. It’s a good quiet neighborhood, the house is 3 bedrooms 1.5 baths which I think could easily be turned into 4 bedrooms. Yes I know there has to be some leg work involved, and yes I know it takes time, but ultimately the ROI is what's worth it down the road. As mentioned in this thread, there are all sorts of ways to make income. Hello everyone, so I'm here because I obviously want to make passive and income, so I started with POD, made a hundred dollars so far, and I'm planning to start a web dev freelance business before the year ends. How do you conbat that? Then I kind of forgot about it. If you want your money to work for you, with you doing a minimal amount of work (eg. Owning or investing in a business. How do you deal with Ricky Julian and Bubbles when they're doing greasy things in the park? You might think it's free money if your not doing anything for it but all it's doing is putting you in a mindset of looking to micro cash. Even a cash back credit card qualifies as passive income.
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