It isn’t entirely passive, I know, but find a real estate investor and get into the real estate / landlord game. Within a few months you could have good income coming in each month if you find a depreciated property, do a renovation, refi, and then rent it out.
True. IMO there no such thing as passive income unless you have a sizable amount of capital to make dividends pay/rental income. I do about 20 hrs a month of work. So an extra hour a day during my work week.
It isn’t entirely passive, I know, but find a real estate investor and get into the real estate / landlord game. Within a few months you could have good income coming in each month if you find a depreciated property, do a renovation, refi, and then rent it out.
PWC1 You could use the refi process to pay off the original real estate investor who paid for the down payment and renovations.
Leverage your skills experience and help local businesses, friends, family…. I did freelance consulting and landed a 1k retainer in no time.
True. IMO there no such thing as passive income unless you have a sizable amount of capital to make dividends pay/rental income. I do about 20 hrs a month of work. So an extra hour a day during my work week.
Conversation Starter
Put your crypto in an interest baring account. They’re at 5-8% APY right now, so you would have to buy about ~200k worth of crypto
Conversation Starter
Bearing* lol
Posts like this are what keep me from ever wanting to get married
Enthusiast
How was wealth divided?
Play bar gigs. 3-4 weekend gigs a month @ $300
How much do you have to invest? You could buy a rental or just invest in mutual funds or ETFs.
Rising Star
I can’t vouch for this site, but it has high results on Google. There’s lots of other sites with similar results:
https://www.sidehustlenation.com/selling-tradelines/
Rising Star
“passive” income.. $1k monthly?
Passive/mostly passive is ideal. I understand I might need to put in a few hours a week to get there.
Short premium strategies will get you that. (Short put, short strangle) on about $50K leveraged initial capital.
Enthusiast
Put 100k into QYLD.
Enthusiast
I imagine any trading platform will allow you to buy it. Do you have an account with a brokerage firm like Merrill, Schwab or Fidelity?