41–50 of 266 posts
Earlier quoted context omitted.
In hindsight, was it worth it compared to just investing all that money into the S&P500?
I think that's his point; that 5% returns aren't actually that great.
Publish books on Amazon. I've published 4 and make about $3k in profit per month, after paying for ads on amazon. Don't write them yourself, that's a lot of work. Instead, do key word research about what books sell in non-fiction categories (fiction is a whole different ballgame). Look for keywords that 1) auto complete in the amazon search bar, and 2) have less than 4,000 matching books, and 3) have an average Amazo…
Are the books any good? What are reviews like?
I don't blame people for going for the easy money, but it's like paying "writers" to write thousands of articles about "best pool equipment 2021" to target keywords on Google just so you can soak up Amazon affiliate revenue. Sure you make money, but how many people are reading your "blog" as fact?
Publish books on Amazon. I've published 4 and make about $3k in profit per month, after paying for ads on amazon. Don't write them yourself, that's a lot of work. Instead, do key word research about what books sell in non-fiction categories (fiction is a whole different ballgame). Look for keywords that 1) auto complete in the amazon search bar, and 2) have less than 4,000 matching books, and 3) have an average Amazo…
Publish books on Amazon. I've published 4 and make about $3k in profit per month, after paying for ads on amazon. Don't write them yourself, that's a lot of work. Instead, do key word research about what books sell in non-fiction categories (fiction is a whole different ballgame). Look for keywords that 1) auto complete in the amazon search bar, and 2) have less than 4,000 matching books, and 3) have an average Amazo…
Wouldn't the author have to be knowledgeable about the subject? 30k words for $1000 sounds pretty low for an expert.
So, about renting, I bought a single family home for $500k in bay area. It now is worth $1M. Gets me rent before expenses of $40000. So far, I have spent about $5k per year on. Repairs etc. So effectively, I make about $20k after taxes, repairs, mortgage interest etc. Overall, I spent $350k by way of downpayment, mortage interest payment, etc. No major tenant issues. Hence, I would peg my return on investment of 5% i…
In hindsight, was it worth it compared to just investing all that money into the S&P500?
So, about renting, I bought a single family home for $500k in bay area. It now is worth $1M. Gets me rent before expenses of $40000. So far, I have spent about $5k per year on. Repairs etc. So effectively, I make about $20k after taxes, repairs, mortgage interest etc. Overall, I spent $350k by way of downpayment, mortage interest payment, etc. No major tenant issues. Hence, I would peg my return on investment of 5% i…
My advice; learn how to actually put together a DCF model and get some real insight into your returns.
EDIT: I realized that my last statement might come off a bit condescending, but that wasn't my intention. Fundamentally, evaluating Real Estate returns is significantly more complex than other investments, such as holding stocks, ETFs, or Bonds. A Distributed Cash Flow (DCF) model will help you gain some understanding that will likely help you to make better decisions about your existing investment and make a more educated plan for the future (e.g. upcoming maintenance, when to exit at what price). You don't have to build a complex model, but even a simple one can help. There's plenty of resources out there, and you don't need much more than Excel to build one.
Source: formerly employed at a national REIT
Publish books on Amazon. I've published 4 and make about $3k in profit per month, after paying for ads on amazon. Don't write them yourself, that's a lot of work. Instead, do key word research about what books sell in non-fiction categories (fiction is a whole different ballgame). Look for keywords that 1) auto complete in the amazon search bar, and 2) have less than 4,000 matching books, and 3) have an average Amazo…
Soil, for the food you grow to eat, share, or sell. Much about a green, growing area is passive income for is.
Another option is lobbying your elected officials to regulate in the interest of healthier land, water, and air, which will help you and many others.
Making something useful and giving it away (or charging a nominal amount for hosting costs, or asking others to help with that to keep the use-barriers low) is an investment in other people that may continue paying dividends long after you’re dead.
Ask yourself:
* What do I know that gives me an advantage over the average joe?
* What other resources do I have that give me an advantage over the average joe?
Generally speaking, if your idea to make money sounds really lame, boring, risky, complicated and/or esoteric to an uneducated layperson - but due to your domain knowledge you know that it's not - you're on the right track. Bonus points if it benefits from obscure, difficult-to-get resources that you already have (for instance, a best friend who owns a niche website you can advertise on, or family connections in the X industry, or you live in a town that has a huge Y industry.)