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?
My guess, he is talking about having 2 incomes instead of only 1.
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?
#62Being 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?
Getting married is, without a doubt, by far the best financial decision I've ever made. I doubled my income and only very marginally increased my living expenses. I'm saving more money now that I ever thought would be possible, and that savings generates income in itself as capital gains and dividends which is reinvested and compounded. It's friggin amazing! After several years of marriage our passive income (dividends and capital gains) has become significant.
That being said, I wouldn't advise doing it solely for financial reasons. :)
Re: Ask HN: What are the some passive income strategies you do beside your IT job?
#63Earlier quoted context omitted.
If they're "labour-intensive" that's pretty much the definition of not passive. I suppose it's possible that you could invest significant effort into setting up an Amazon affiliates site or write a book or whatever and just let it run but most people aren't going to have a lot of luck with that. Generally speaking, passive investments require investing capital and then collecting returns from that capital.
> If they're "labour-intensive" that's pretty much the definition of not passive. Generally it's understood that "passive income" on HN refers to income resulting from an initial investment of labor that continues to generate revenue with little to no additional labor input. By the wider definition, yes, you are correct.
That's fair enough. That said, it's generally hard to generate purely passive income by just investing labor. Software is somewhat the exception for this group but if you just write something and stop working on it, any income is probably going to decline fairly quickly.
Re: Ask HN: What are the some passive income strategies you do beside your IT job?
#64Earlier quoted context omitted.
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.
You can also invest directly into an index fund rather than going through an ETF. Depending on your situation, both have pros/cons. Many companies offer index funds, though Vanguard's seem particularly popular (possibly because they invented index funds, IIRC).
They are also popular because the company is owned by the share holders of their funds. So huge dividends and salaries aren't going to employees or shareholders.
Re: Ask HN: What are the some passive income strategies you do beside your IT job?
#65Earlier quoted context omitted.
How is marriage an income strategy?
I guess one method is to marry a rich man/woman.
I wasn't exactly blessed with good looks. That would not be a passive strategy for me, considering how much time I'd have to spend at the gym.
Can I hire a younger, better looking guy to go marry a rich lady and send me back dividends?
Re: Ask HN: What are the some passive income strategies you do beside your IT job?
#66Earlier quoted context omitted.
How is marriage an income strategy?
Getting married is, without a doubt, by far the best financial decision I've ever made. I doubled my income and only very marginally increased my living expenses. I'm saving more money now that I ever thought would be possible, and that savings generates income in itself as capital gains and dividends which is reinvested and compounded. It's friggin amazing! After several years of marriage our passive income (dividen…
You would?
Re: Ask HN: What are the some passive income strategies you do beside your IT job?
#67Earlier quoted context omitted.
How is marriage an income strategy?
Getting married is, without a doubt, by far the best financial decision I've ever made. I doubled my income and only very marginally increased my living expenses. I'm saving more money now that I ever thought would be possible, and that savings generates income in itself as capital gains and dividends which is reinvested and compounded. It's friggin amazing! After several years of marriage our passive income (dividen…
The tax benefits are also quite nice. The tax bracket thresholds basically double.
Re: Ask HN: What are the some passive income strategies you do beside your IT job?
#68Earlier quoted context omitted.
Getting married is, without a doubt, by far the best financial decision I've ever made. I doubled my income and only very marginally increased my living expenses. I'm saving more money now that I ever thought would be possible, and that savings generates income in itself as capital gains and dividends which is reinvested and compounded. It's friggin amazing! After several years of marriage our passive income (dividen…
You would ?
Woah, Whoops! Typo - wouldn't. Fixed, thanks.
Re: Ask HN: What are the some passive income strategies you do beside your IT job?
#69I made an app a year ago. I did it in an afternoon with 0 experience in mobile apps, using Rails + turbolinks ios & Android. It's really crappy but it generates $150/month. Not bad for the time invested.
Would be happy if you share the link
Re: Ask HN: What are the some passive income strategies you do beside your IT job?
#70Earlier quoted context omitted.
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.
I'm reading through it now. This sounds like really good advice. Thanks for the great share!