Earlier quoted context omitted.
Which country at what rate? Bank interest is like 0.01%.
I get 2% on my savings account in the USA. Check out Ally Bank
2% barely compansates for inflation (2-3% in US).
Ask HN: What is your best passive income 2019?
61–70 of 90 posts
Re: Ask HN: What is your best passive income 2019?
#62It really depends what 'passive' is defined as, but I can share some: - Recharged - $2720 / month. I write a briefing once a morning about the technology industry, about 350 people pay to receive it + sponsor something without advertising or nonsense tech stories. Still growing! https://char.gd/recharged - Write Together (new project, but hey) - $1,200 / month. I built a platform for learning to Write with others, ba…
How do you get your customers?
It seems like he gets traction by posting quality content. I got hooked onto him via his excellent posts on switching from Mac to Windows and iPhone to Android.
Since, he's posted some good stuff on various Windows and Android gear. He seems fairly straight-up and calm with his opinions, which I appreciate.
Re: Ask HN: What is your best passive income 2019?
#63the first rule of passive income is you don't talk about passive income... (cuz someone will copy it and end the gravy train)
I don't understand this logic.. are you saying you are secretly running a business operation?
It's virtually impossible for one to prevent competition
If your business idea is so fragile that can be blown away by competition, you might want to rethink your strategy.
Re: Ask HN: What is your best passive income 2019?
#64I inherited a house and condo from my parents. They are in California and purchased long ago, so the property taxes on them are ridiculously low (the condo, worth about 700K has a property tax valuation under 150K ... thank you California taxpayers).
I rent them both out I pay a management company to handle maintenance. I screen tenants myself, and so far I've been lucky getting tenants who stay for fairly long periods. I clear about 5K/month after maintenance fees, taxes and insurance. Its very little work.
Re: Ask HN: What is your best passive income 2019?
#65No side projects. The little time I have outside of work and family, I read or browse hacker news before falling asleep. I did take vacation recently and play The Witcher 3, which ruined gaming for me. I have about $200k spread thoughout some index funds and individual stocks that all pay dividends in my post tax accounts. I reinvest all that income and the taxes are kind of annoying to deal with, but’s it’s better t…
Capital One 360 is offering 60 month CDs at over 3% now. Just a fee of 6 months of interest if you withdraw early. Pretty liquid and would get you an extra $75/month of income if you just did half of your savings (+$150/month for all of it).
Re: Ask HN: What is your best passive income 2019?
#66This might sound strange, but I don't like the term "passive income". It sounds like a scam. Probably some people actually want a scam, but I think there is a better way of putting it. Profit is roughly "sales - costs". Normally costs are scaled by labour. The higher the volume, the more labour and therefore the higher the costs. You can categorise the shapes of these curves. In a really dysfunctional company, the am…
Passive describes the level of effort, not the investment. Usually passive income is rent-seeking.
Property management is a great example. I can buy a cheap house in a lousy neighborhood, make a modest capital investment, sign up with Section 8 and get pre-screened tenants with guaranteed cash flow. My marginal work output is very low - a few hours a month.
I used to lease a few acres of land to a farmer. The only work was meeting to have a cup of coffee and exchange the check and paying the taxes. :)
Re: Ask HN: What is your best passive income 2019?
#67I designed a t-shirt I wanted to wear, now every few months someone buys one on Redbubble and I get a few bucks.
Re: Ask HN: What is your best passive income 2019?
#68A self-managed portfolio consisting of various government bonds. Ever since I started working, I have been saving >30% of my annual income every year. Not accounting for the income from the portfolio or for raises since, this means that every year of savings, the portfolio can replace 1.2% of my annual income (assuming an effective yield of 4%). Been doing this for over 20 years now.
Re: Ask HN: What is your best passive income 2019?
#69No side projects. The little time I have outside of work and family, I read or browse hacker news before falling asleep. I did take vacation recently and play The Witcher 3, which ruined gaming for me. I have about $200k spread thoughout some index funds and individual stocks that all pay dividends in my post tax accounts. I reinvest all that income and the taxes are kind of annoying to deal with, but’s it’s better t…
Capital One 360 is offering 60 month CDs at over 3% now. Just a fee of 6 months of interest if you withdraw early. Pretty liquid and would get you an extra $75/month of income if you just did half of your savings (+$150/month for all of it).
60 Month CD at 3.0%? Anybody signing up for that should not be allowed to manage money ever again. Look at the yield curve, you are getting (almost) nothing for locking your money up an additional 5 years.
Re: Ask HN: What is your best passive income 2019?
#70The only TRUELY passive income I have is a YouTube video, unedited, published in 2012 that generates me $500-$1,500 a year. I do absolutely nothing to the video to promote it. YouTube seems to recommend it every fall and it has been a nice little Christmas bonus each year.
Other than that, a few games I've published generate ~$100 a year without input from me. Everything else requires at least a little bit of my time on a regular basis and I wouldn't count it as passive.