71–80 of 106 posts
I would say its easier to be focused than general for the small timer. I made a niche ERP integration with an app, then sold it for 150/monthly to 20+ customers. I've done other things like building a plugable CMS and making components but that focused approach I first mentioned was easy money compared to those.
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That's not passive. You have to keep writing content to keep people coming back.
not very passive, but in some cases blog posts can be popular for years and therefor generate revenue for years (but not in many fields/topics) -> kind of passive in the long run
For example, I was blown away by how useful & accurate this guy's medium blog was for setting up apache.
https://medium.com/@JohnFoderaro/how-to-set-up-apache-in-mac...
(just used this for a class, I'm not pushing anything for anyone)
I 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.
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.
I'm in the process of looking at blogging tools to do something very similar. I'm kinda worried about having a history though in a few years that shows I only post during interview times :D.
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?
>is it worth the time to set up and use a blog to generate passive income? I'd say the amount of time you'd need to spend monetizing & driving traffic wouldn't really make it passive.
Simpler question, do blogs generate at least $100/yr?
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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.
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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)
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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.
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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?
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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.
How often do you post to your technical blog / youtube channel? I'm in the process of looking at blogging tools to do something very similar. I'm kinda worried about having a history though in a few years that shows I only post during interview times :D.
I don't post that often. When I get stuck on a problem because of poor documentation or poor explanations I just make a tut off that. Mostly focused on other things right now though. Making a video is a lot of work. Come up with a project, a script, rewriting your explanation, fill in your gaps in info, voice recording, video editing. It adds up.