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…
Ask HN: What passive income investments exist to supplement your salary?
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Re: Ask HN: What passive income investments exist to supplement your salary?
#62Publish 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.
Re: Ask HN: What passive income investments exist to supplement your salary?
#63Publish 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…
Incredible. Do you publish under a ghost name?
Re: Ask HN: What passive income investments exist to supplement your salary?
#64Earlier quoted context omitted.
And that can quickly disappear for those who end up with tenants that don't pay and can't be evicted.
That's my fear. But can you tell me in what situations I cannot evict my tenants. (Honest question).
https://www.nolo.com/legal-encyclopedia/the-eviction-process...
Re: Ask HN: What passive income investments exist to supplement your salary?
#65Earlier quoted context omitted.
I think that's his point; that 5% returns aren't actually that great.
Diversity is useful though. Stocks have crashed in the past, and they will in the future. As has real estate and every other investment. You thus need a backup plan in case your investment fails. I make no attempt to predict WHEN these crashes will happen, or how big they will be.
Re: Ask HN: What passive income investments exist to supplement your salary?
#661. dividend growth portfolio
2. p2p lending
3. lifetime affiliate commissions for referrals
4. SaS website with paid membership
What I plan to have in the future:
1. crypto lending
2. real estate
Re: Ask HN: What passive income investments exist to supplement your salary?
#67Other say how landlord ON USA are not that passive, but maybe do it in other countries? Here in Colombia being landlord is very good, because most use an agency that manage the property (collect the money and do some basic fixes). I probably have called the actual owner 1 or 2 times in a decade for approval for some fixes.
Also, how many tenants has this apartment (have these apartments) that you're managing(?) had in those ten years?
PS: Since I've actually been dabbling with the idea of buying property in Colombia, may I ask in which city you are? :)
Re: Ask HN: What passive income investments exist to supplement your salary?
#68I would point out that renting out a condo is not a passive investment; keeping up with tenants, doing cleaning and maintenance, etc. can be a full-time job (maybe less so for a condo than a house, but still). And as we here probably know, maintaining a website is not necessarily passive either, and I would imagine the same is true of a vending machine. These are projects, and at some point they become businesses; no…
Re: Ask HN: What passive income investments exist to supplement your salary?
#69Re: Ask HN: What passive income investments exist to supplement your salary?
#70Compound will give you a risk-free 6.3% APY (other than the risk of smart contracts) on USDC (digitized dollars) https://compound.finance/markets/USDC