If you were looking to make $1,000 a month in passive/mostly passive income, what would you do? My ex husband absolutely raked my bank account in our divorce so I’m really motivated to get some extra income flowing in.

like
Posting as :
works at
You are currently posting as works at
Highlighted IconHIGHLIGHTED

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.

like

PWC1 You could use the refi process to pay off the original real estate investor who paid for the down payment and renovations.

like
Recent IconRecent

Leverage your skills experience and help local businesses, friends, family…. I did freelance consulting and landed a 1k retainer in no time.

like

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.

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

like

Bearing* lol

Posts like this are what keep me from ever wanting to get married

like

How was wealth divided?

Play bar gigs. 3-4 weekend gigs a month @ $300

like

How much do you have to invest? You could buy a rental or just invest in mutual funds or ETFs.

“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.

Put 100k into QYLD.

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?

Related Posts

In the spirit of people sliding into DMs what’s the worst or best one line entry you’ve seen?

I’ll go first. This was the oddest:
👀: I have a credit score of 750. I’d like to get to know you.

funnylike

Partner pension @ EY. Did it change over the last few years? What did it change to? Worse?

like

Sorry if this has been asked a few times but - relocating to Charlotte and looking for apartments, preferably in southend. Any solid recommendations or places to avoid?

Looking for a 1 BR - 2.4K a month or less.

TYSM!!

I would like to know how much will be in hand for London onsite from tcs for an IT Analyst.

I am planning to travel with spouse and 3 year old kid. Wondering about savings as well.

Any guidance is appreciated!

like

Anyone who recently left Deloitte USI - after how much time did you get the FnF??

like

115k/yr job with 7% 401k matching, medical/dental/ pension plan also Federal job. Or $100/hr contracting no benefits. Pros and Cons of each?

like

Hey,
I want to start investing because there is a lot of tax which is being deducted from my Accenture month pay slip.
I would like some ideas which can be the right way and place to invest so that i can atleast stop some reduction on tax deduction.

like

How long did it take you to pay off your student loans after graduating?

like

Thoughts of buying a condo/coop in NYC right now... thoughts?

like

I have a LOT of credit card debt. It has just grown over time and I can’t find my way out. I’m considering debt consolidation, specifically a company called National Debt Relief which seems legit but I’m just so hesitant because I’m scared to make my situation worse. Or a personal loan to pay off all the CC debt and then have a smaller all in one payment. I’m intelligent and I work in finance, it’s so embarrassing. HELP.

like

Desi 🐠 from Chicago: Do you have a recommendation for a good tax attorney around downtown to file taxes. Someone with knowledge of tax implications of investments in both US & India. Thanks!

like

California homeowners 3b/2b- how much on an average do you spend monthly on house repairs/maintenance?

like

What percentage of your clients are choosing to permit the CARES Act provisions into their 401(k) Plan?

like

I get credit alerts from Experian/ TU & was told two email addresses were found on the dark web. Have been hit w fraudulent charges in FL via Chipotle app; rec'd email that said sender knew my password (was partially correct) & was going to send nude pics of me to my contacts; rec'd email from Best Buy about my email being used to reset my pword (don't have BB acct) & today was notified of a declined transaction in Canada (I'm in TX). Besides changing pwords/ replacing cards what should I do?

like

Any recommendations on realtors to buy vacation property in vermont?

like

Should I lease a car or buy it? Which is better? Does it impact the insurance rate?

like

Hey guys wanted to hear your thoughts on PE co-investing, is it a good path to direct investing? I read that the skill sets are similar but I see very little info on how hard that move is. I usually see posts linking co-investing to FoF but co-investing doesn’t seem like FoF (unless I’m wrong). Open to hearing your guys’ thoughts on it

like

Barclays folks here are behaving like they run Wall Street and know everything about investing. That’s like Trump saying he runs the world and knows everything about tariffs.

like

If my parents gift me more then 15k, is there a form I need to file? I know they will need to file 709, assuming the gift is >30k. Do I need to file for receiving 30k?

likehelpful

What APP to use to track net worth

More Posts

Can someone private message me about the difference between writing H1 and H2 SEO copy vs H1-1 and H1-2 SEO copy. I am confused.

like

Good Evening Everyone! I have just recently been honorably discharged from the United States Marine Corps and I am returning to finish my Bachelors Degree at Morehouse College here in Atlanta. I am in dire need of a new entry level corporate position to help offset living and educational costs. If anyone can fellowship or assist in any way it would be greatly appreciated!

like

Hi Fishes,

Good Evening!!

I got an offer from Wells Fargo and planned to join next month. But my current organization compensated and retained me. I informed the same to Wells Fargo HR.

But hiring manager from Wells Fargo scolded me on ping and said that I won't get any opportunity from Wells Fargo in future.

Kindly let me know is it possible to block my profile.

Thanks.

like

Hi sharks , I have some doubts in PaaS Analytics, can any one help in this regards please

like

How many phone interviews did you have before the loop?

like

Hi! Anyone at Wealthsimple who would be willing to refer me to a technical role? Happy to chat and share my background as well, thanks in advance!

like

Hi Fishes,
Anybody have latest HRSD exam dumps?
Thanks in advance🙂

like

How much better is IB than MBB for PE recruiting?

like

Trying to rid myself of ID work and get into commercial lit at big shop. I’m just about a year in, and so I was wondering if it makes sense to go to a smaller/midsized shop first then see where I’m at in 3-5 years if big law is still a goal.

like

What are some exit opportunities or career paths in Asset Management? Specifically BlackRock equities analyst

like

Can anyone help me with an Accenture Referral? Happy to provide more information about myself via DM. Thanks! Accenture

like

Does anyone have a know where I can find additional study materials/practice test for the Oracle Cloud Revenue Management certification exam?

like

How is the future in SCM WMS (Manhattan wmos / Jda wms) ?? I am a btech fresher and got this , is it good to start a career with it ??


Cognizant Tata Consultancy Infosys EY Accenture IBM Wipro

like

Would anyone in the employee experience, L&D, or events space be willing to take a look at my SOs resume?

He is looking looking to transition from non profit engagement to corporate/tech and is not getting much with his current resume

like

god i don’t care about this industry soo much.

like
like

Hi sharks,

How one can come to know whether the BgC is successful.
I was interviewed in March and uploaded all my docs in April and joined tcs in Sept.
My offer letter was released twice because of mismatch in experience by HR.
So my BGC is not scheduled after accepting offer letter 2nd time.
Please advice

like

Any firms come out with busy season meal plans yet?

like

Any thoughts on the delay of redistricting? Is it good or bad and for whom?

like

Hi everyone, Is this good time to join TCS for long term with 8YOE and 30LPA CTC . Are they giving wfh for Gurgaon location? Tata Consultancy

Additional Posts in Personal Investment Chatter

When building your net worth projection, what % YoY real income growth do you put in for once you’ve exited from consulting into a Corporate role?

like

I previously maxed out my traditional 401k
I have about 40k

Once I learned more about retirement, I then stopped contributing to traditional 401k and started maxing out my Roth 401k
I have about 60k

I have about 25k of matched contributions

This is where I get fuzzy
-Should I/can I call the broker to roll over my traditional 401k to my Roth 401k (or do I need to open a separate Roth IRA and have them roll it into this?)

-Should I/Can I move my matched contributions to my Roth 401K...cont

like

What happens to your 401k when you quit ?

What are your favorite personal finance books? I just read Rich Habits and really liked it. I am also reading the Psychology of Money. Looking to read some more!

like

If someone buys an income restricted property and they then get a raise / start earning more than what they originally had at the time of purchase, do they have to sell the property or can they keep it?

like

Can anyone recommend good investment options in Bank of America HSA account? I feel their funds are very limited compared to what I have seen from 401k and IRA. Anyone recommends your HSA account?

Which brokerage for Roth IRA?!
I am looking to open a Roth IRA account. I currently already have a personal investment account with TD Ameritrade and 401k with Schwab. Leaning towards adding it on to TD, but unsure of possible fees saved at Fidelity or Vanguard being large enough to outweigh the burden of adding one more brokerage to the list. Let’s hear those opinions! Thanks!

likehelpful

I probably have 3-4x times my 6 month emergency savings in my savings account (with no upcoming major purchases). Have been slowly DCA $1000k / month into VTI in brokerage account. Am I still being too cautious? Want to have my money grow but anxious to try to put more in at a time in such an uncertain market

likesmart

In this bull market, are we still maxing out 401k, IRA first? I think I should coz of the tax benefits. But it’s hard not to pick individual stocks now.....

like

Is 6.8% return over 4 years on 80% stock, 20% bonds stock portfolio in the US a good ROI? I used PersonalCapital.

like

Today I reached a personal milestone - 200k at 27. Now to keep on grinding, investing, and saving 💪🏼

Post Photo
likeupliftingfunny