Real estate is one of the most common ways
Ask HN: How to Make Passive Income?
11–20 of 70 posts
Re: Ask HN: How to Make Passive Income?
#12Make a lot of money and buy stocks. This is the easiest approach.
This is what I’ve been doing. I own high dividend yield stocks with a bit of leverage. I also sell call options against the position for more income. If the stock gets called away I sell put options to buy it back. This is called “the wheel” or triple income strategy. Of course you need to find the right stock and sell the right options. Works great when it works. For true passive though you would need to simply collect dividend with no leverage. Set it and forget it. Of course, depending on your lifestyle this can require lots of capital
Re: Ask HN: How to Make Passive Income?
#13The theory is simple: 1. find a profitable niche 2. solve a problem for that niche 3. do marketing in that niche to get people to pay for what you've done In practice, making a passive income is tough and it's way easier and faster to be working for someone else. If 0.1% of my users would be customer I would be doing much better than my day job, until then I'm in the marathon of bootstrapping my business. Good luck!
I would change this to:
1. Find a profitable niche 2. See if you could market to said niche in a way where you have an unfair advantage. 3. If yes to 2, market and sell the product before you have it to ensure demand 4. Build the product.
Re: Ask HN: How to Make Passive Income?
#14Either have capital and invest. Or start a low-maintenance business (but it needs to actually work).
Re: Ask HN: How to Make Passive Income?
#15It's hard to get into a position where you get money for nothing. I'd gladly tell you exactly how to do it, but unfortunately I am just as lazy.
Maybe try feudalism, though.
Re: Ask HN: How to Make Passive Income?
#16You're struggling with your current income? I guess that means there's more going out then coming in? Any income would solve that. Or cutting costs, which might work even quicker.
If you want passive income without any type of upfront work, you might look into renting stuff out that you possess. House? Why not rent a part to someone? A car, or other tools? Maybe you can rent them to somebody.
Re: Ask HN: How to Make Passive Income?
#17The theory is simple: 1. find a profitable niche 2. solve a problem for that niche 3. do marketing in that niche to get people to pay for what you've done In practice, making a passive income is tough and it's way easier and faster to be working for someone else. If 0.1% of my users would be customer I would be doing much better than my day job, until then I'm in the marathon of bootstrapping my business. Good luck!
So I went to look at your website, but there is nowhere where I could see what your business is, it would help.
I noticed the blog items mostly.
Re: Ask HN: How to Make Passive Income?
#18Money don’t grow on trees. If there was a magic way to make money without work, everyone would be doing it.
it's almost like entropy, the universe is against you
Re: Ask HN: How to Make Passive Income?
#19Get a better job ASAP. Passive income, to large extent, is self-help bullshit. Any business or investment requires attention.
Once you secure "normal" income, save up in Bitcoin. This will at the very least protect your purchasing power against inflation. With a little bit of luck your purchasing power will grow as Bitcoin gets adopted.
Re: Ask HN: How to Make Passive Income?
#20Money don’t grow on trees. If there was a magic way to make money without work, everyone would be doing it.
I am with you on this! I know a lady with some 20 rental apartments. Income is far from passive, managing (and suing not paying) tenants takes some serious time. Some tech workers have huge stock portfolios, however taking care of stocks takes some time.
I met many people in my life, rich and poor, but nobody was lying on the couch and enjoying rain of 500 euro banknotes. Maybe it’s an American thing.