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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?

#181

Post by quickthrower2 »

Gustomaximus wrote: post #156
HashBasher wrote: post #154

IMO "passive income" has been hyped a lot by the pyramid scheme folks. If you have an income, you don't need another source of passive income, you need to save your money and invest it. For me, Bitcoin has been the only investment that I've focused on. It is the most scarce asset and will continue to increase in price simply because of the growing demand and limited supply. Just throw a percentage of your income into…

Ive not put money into crypto as I dont see the real value/future while recognising I could be completely wrong and many people smarter than me believe otherwise. But my logic to this is; 1) People need to consider the government, they make billions from domestic currency plus use it as a key tool to control the economy. Once these 2 facets are being affected do you think the government will not have resistance? Mayb…

The biggest risk issue to me is it takes a lot of real cash to flow into crypto mining to sustain current prices. I saw $200m a day across all crypto mentioned and I can believe that! So crazy money to sustain prices, making it susceptible to popping. And since people buy because it goes up and vice versa, a crash will have a vicious cycle effect. So mathematically speaking a crash is coming the question is when. After the crash another bubble will build up again of course!

Very long term it could be future money (a lot of issues need to be ironed out!) or looked on as a weird thing of the past or maybe it’ll be around forever and bubble up every now and then.

Re: Ask HN: What passive income investments exist to supplement your salary?

#182

Post by [deleted] »

meristohm wrote: post #49

Cheeky-and-also-serious response: 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 tha…

[deleted]

Re: Ask HN: What passive income investments exist to supplement your salary?

#183

Post by quickthrower2 »

throwaway088 wrote: post #17
chillacy wrote: post #6

One which I'm curious about is buying software businesses with existing user bases and adding new features, kind of the equivalent of buying a fixer upper, but it uses my unique skills.

I have been part of feinternational for sometime and saw their prospectuses. In general, if there is an existing user base, then the price factors it in already. You must have a plan and ability to increase the userbase in order to get a return on investment. Otherwise, some competitor may simply attract your customers and you are doomed.

It works very well if you are already the bigger competitor :-)

Re: Ask HN: What passive income investments exist to supplement your salary?

#184

Post by quickthrower2 »

m9731526 wrote: post #172
HashBasher wrote: post #153

Earlier quoted context omitted.

Where are you located? That seems like an insanely low salary.

Taiwan. The minimum wage here is about 24000 TWD ≒ 860 USD. I started at 31000 for 2 months, 36000 for 1 year, now 41000 for another half year. Quite a big company though.

Your advantage is cost of living then. You can create a SaaS and live off it much sooner than a SF person spending $100 a week on sourdough bread

Re: Ask HN: What passive income investments exist to supplement your salary?

#185

Post by stevekemp »

mamcx wrote: post #35

Other 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.

In Finland you don't buy apartments/flats, instead you buy a share of the company that owns the block.

The housing-company takes a fee every month which is used for common-repairs, replacing the roof, etc.

If you rent out your flat the tenant pays for their own insurance to protect their possessions, and the housing-company takes care of things like leaks, broken windows, etc.

So being a landlord is mostly hands-off. You have to advertise and pick your tenant. Then once they move in if they have problems with their stuff they take care of it, and if they have a problem with the water, etc, they call the housing company.

So being a landlord of this kind of property is almost entirely painless and hands-off. Of course if there is a big repair, like a new roof, or pipe-works, then the fee paid to the housing company (which the landlord will pay) will go up sharply for a good few years.

Re: Ask HN: What passive income investments exist to supplement your salary?

#187

Post by Zanni »

crucialfelix wrote: post #101
satvikpendem wrote: post #98

Earlier quoted context omitted.

Who says the ghostwriter is not an expert on the topic? The above is quite similar to a startup incubator, there is a demand in the marketplace that's unmet, one hires people to meet that demand and develop a product after which customers buy it.

$1000 says he isn't.

At 3 cents/word, not only is the ghostwriter not an expert, they probably aren't even a good writer. That's less than what a decent typist would charge for material that's already written (transcribing from audio or handwritten manuscript).

Re: Ask HN: What passive income investments exist to supplement your salary?

#188

Post by blentrop »

Blahah wrote: post #148
blentrop wrote: post #55

I've been using Mudrex[0] to rent bots to put my crypto to work. They have been very good and open about everything. Creators are active in discord server answering questions. [0] https://mudrex.com/

It's hardly fair to judge a crypto fund on the last year. They would have had to be spectacularly incompetent to lose money.

Agreed, and sometimes it would have been better to just HOLD instead. But there's plenty of bots with different approaches and risk management. Some do better on side markets or even downturn markets. Some do better on a bull run. Just need to adjust you portfolio accordingly.

Re: Ask HN: What passive income investments exist to supplement your salary?

#189

Post by quickthrower2 »

rakshazi wrote: post #186

Mine is matrix homeservers maintenance [0], but it's not 100% passive, requires around 1-2 hours per week. Service "just started", so income is quite low for now. [0] https://etke.cc

You have yourself a testimonial, that made me chuckle! Being your own customer is fun though.

Re: Ask HN: What passive income investments exist to supplement your salary?

#190

Post by miguendes »

ribab wrote: post #115

Start a blog. I spent minimal effort making 5 blog posts a few years ago and it already pays for the cost of the domain through ads. Imagine what revenue 100 blog posts, or 1000 would bring in. https://www.codingwithricky.com/

Interested to know the source of this income. Is it through affiliated links? Selling your product?
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