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Ask HN: What are the some passive income strategies you do beside your IT job?

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Re: Ask HN: What are the some passive income strategies you do beside your IT job?

#51

Post by Jemmeh »

anon_mouse wrote: post #15

Nobody is gonna just dump their secrets into something like this :D But.. in case people don't mind. How feasible is it to make passive income by having a blog? I mean by having advertisements or amazon click-thru links.. is it worth the time to set up and use a blog to generate passive income?

A really profitable blog isn't passive at all. You spend a lot of time creating content and optimizing things.

You could potentially farm out the work but that applies to a lot of businesses. :)

I have a technical blog/youtube and most of the "profit" is from having that on my resume.

Re: Ask HN: What are the some passive income strategies you do beside your IT job?

#52

Post by laktek »

mfoy_ wrote: post #33
laktek wrote: post #14

Can someone explain how they are using Amazon FBA? I generate some passive income from (by spending 1-2 hours a week): - stock & cryptocurrency picking - Calls with industry research firms - Earn.com

How are any of those passive?

Passive in terms of time commitment and effort. I don't think there are truly passive income streams unless you have substantial capital to invest in the first place (eg: vanguards and rental property)

Re: Ask HN: What are the some passive income strategies you do beside your IT job?

#53

Post by garettmd »

hycaria wrote: post #26

I'm on duty a few times per week, it's not too active though. Doesn't qualify for passive and has a huge entry requirement, but a very good way of having a double income, since I'm mostly paid to sleep away from home.

Like with the National Guard?

Re: Ask HN: What are the some passive income strategies you do beside your IT job?

#54

Post by freehunter »

anon_mouse wrote: post #15

Nobody is gonna just dump their secrets into something like this :D But.. in case people don't mind. How feasible is it to make passive income by having a blog? I mean by having advertisements or amazon click-thru links.. is it worth the time to set up and use a blog to generate passive income?

There's such a thing as passive blogging and there's such a thing as profitable blogging but they're mutually exclusive. You have to write a ton, push it hard across a bunch of different platforms, re-post old content to keep it fresh, keep up with SEO and social media changes, and most of the time you're posting on all your social media outlets (combined) a dozen or more times per day.

It can be done part time and still be profitable, but it can't be done passively unless you're a genius in your fields and everyone is beating down your door to hear what you have to say (in which case you should write a book).

Re: Ask HN: What are the some passive income strategies you do beside your IT job?

#57

Post by mfoy_ »

swyx wrote: post #41
mfoy_ wrote: post #33

Earlier quoted context omitted.

How are any of those passive?

this exactly. still selling your time for money, just at different rates.

And I suspect on HN particularly very few of us will find a better ratio than in our day jobs...

Re: Ask HN: What are the some passive income strategies you do beside your IT job?

#58

Post by sunnyP »

actsasbuffoon wrote: post #30
laktek wrote: post #14

Can someone explain how they are using Amazon FBA? I generate some passive income from (by spending 1-2 hours a week): - stock & cryptocurrency picking - Calls with industry research firms - Earn.com

How has the investing gone? Seems like 2017 was a good year, but 2018 has been a little more challenging. I have a large sum of money coming in later this year, and I'm thinking about investing it. Passive investment with an index fund is generally a good long-term strategy, though I strongly suspect we're in for a recession in the near future. I'd hate to lose 20-40% of my investment within a few months of putting i…

You might want to research Swan Global Investments for a strategy to reduce risk using puts to hedge.

Re: Ask HN: What are the some passive income strategies you do beside your IT job?

#59

Post by jjeaff »

kangnkodos wrote: post #19
graton wrote: post #3

Low cost S&P 500 Index fund. Very passive :)

Almost the same thing... the ETF with the ticker SPY. When I researched this years ago, I concluded the costs were less expensive than any S&P 500 mutual find I could find. Not sure if that's still true or not.

VOO fees are 0.05% vs 0.09 for spy.

But of course fees are effectively much higher if you are paying transaction fees.

But vfiax (vanguard) or swppx (schwabb) can't be beat (.04 and .03) when it comes to fees. And it is pretty common for brokers to offer free Mutual fund trades or you can get an account directly with those brokers and trade for free.

Re: Ask HN: What are the some passive income strategies you do beside your IT job?

#60

Post by antoineMoPa »

cimmanom wrote: post #56
excalibur wrote: post #34

Being married isn't all that passive, but it is a great income strategy. Having kids is a terrible one.

How is marriage an income strategy?

I guess one method is to marry a rich man/woman.
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