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Earlier quoted context omitted.
It's very easy to get passive income. Just buy high dividend mutual funds. 100k in the market should net you 4-12k per year.
ah yeah, the good ol' 100k i have lying around should finally have some use for me!
http://www.mrmoneymustache.com/2012/01/13/the-shockingly-sim...
How do you define passive? Is 3 hours a week passive after setup costs? Would organic traffic after doing SEO for 2-3 weeks be passive? Theres a lot of things which take 1 hour/week after being setup right.
I also made a poorly targeted and marketed practical system administration Udemy course last year, which does about $500/month.
These projects, along with a few other small things, are on track to make around $15k this year. That's after about 3 years of putting lots of time, effort, and love into creating content on YouTube.
Unfortunately that 'passive' income just barely approaches 10% of what I make at my full-time job (Sysadmin/Ops/Automation/DevOps? stuff), so the idea of working on my 'passive/hobby' projects full-time is not an attractive proposition yet.
I like building, running, and automating large distributed systems, so I'm not really itching to quit my full-time work and "just" be a teacher. The ideal situation would be 'regular' IT work 3 days a week, and working on YouTube, my own web apps, and additional tech courses the rest of the time.
The more I explore this concept of 'passive income' the more it seems like a unicorn not unlike the Facebooks and Instagrams of the world. Sure, it's possible to generate truly passive income, without any ongoing work to sustain it, but such projects are so rare that it's impractical to pursue them. It's like saying you're going to create the next unicorn...good luck with that. 99.9% of endeavors worth doing pursuing…
It's very easy to get passive income. Just buy high dividend mutual funds. 100k in the market should net you 4-12k per year.
Making a throwaway for this. My annual pre-tax income from work is about $2,500,000. My annual passive pre-tax income is about $1,200,000. This is 100% derived from investment returns from an exit I had a few years ago from a startup I was with. I spend about $400,000/year (after tax) of that. Here's the kicker: Nothing makes you feel more poor than being worth about $40m in cash while you hang out with billionaires…
Finally: you need to hang out with different folks and get your perspective changed :)
7.49EUR interest payments from my Bank account (pre tax). Does that count as passive income? At least I am not doing anything to get it.
If you are counting that, then building up a dividend portfolio is a good source of passive income. About $400 a year from a 1x,xxx portfolio.
https://www.patreon.com/battlepenguin
I was driving around the US for five months and writing, but now I'll have to put that on pause as I just moved in with a friend and need to find a real job again.
negative a few grand. I supplement my mother's retirement income a bit, and give a regular-but-small amount to charity. It's pretty easy to set up - just contact your bank and get an automatic monthly transfer going. I did it online, and haven't had to worry since!
I run a small website that loses me a few hundred dollars per month. Not taking it down out of nostalgia & for the people who are still using it.