51–60 of 109 posts
On my blog I have affiliate links to Amazon products which I explain how to use. I've made $428 over the past year. Those regularly net 30$ per month on average. It covers the web hosting and leaves enough to help me buy random Amazon stuff.
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.
Amazingly enough, that only payed me 1128€ (after tax [I just checked my income tax form]) in dividends last year. I guess I suck at picking high-return stocks.
Inspired by previous "passive income" posts, I decided to ship something small [0] after quitting my job earlier this year. It only makes me ~$100/mo, which is enough to cover my PC gaming addiction. Super fun experience, amazing how much you learn from building such a small piece of software. [0]: http://shade.cool
wow that's a cool and simple idea. I work on a cocoa app so I will find that valueable for meeting accessibility standards. Do you have a windows version?
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…
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.
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.
but if you're not reinvesting your passive will shrink over time due to inflation(I'm not sure about US but here in Brazil the dividends are subtracted from the stock valuation), so even then it requires some kind of maintenance. Capitalism is inherently competitive, if some way to generate capital is too easy it will become hard quite fast due to competition. If you can still make some money out of investing is beca…
What is that about?? Usually the market prices the dividend removal, but that only lasts so long. At any point during the year the market prices it back, in anticipation of the next dividend.
Inspired by previous "passive income" posts, I decided to ship something small [0] after quitting my job earlier this year. It only makes me ~$100/mo, which is enough to cover my PC gaming addiction. Super fun experience, amazing how much you learn from building such a small piece of software. [0]: http://shade.cool