Money don’t grow on trees. If there was a magic way to make money without work, everyone would be doing it.
money doesn't grow on trees but you can grow trees and sell them.
Ask HN: How to Make Passive Income?
41–50 of 70 posts
Re: Ask HN: How to Make Passive Income?
#42Get 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.
To the person who downvoted, we will come back to this thread in a few years to see who was right about Bitcoin. Brace yourself.
You sound quite confident in predicting the future. Also, is it very ethical to promote these environment-destroying distributed database entries?
Re: Ask HN: How to Make Passive Income?
#43Get a high paying job -> invest your savings well -> work on side projects if you feel like it.
"Passive income" as it's sold to people on social media frankly doesn't exist. You work hard, build something other people want, and people pay you for it.
Re: Ask HN: How to Make Passive Income?
#44Having been super broke in the past, I’d recommend increasing your primary income first. It’s infinitely easier to have one good paying jobs than two low paying jobs.
This is the best answer. Passive income (in the forms that it actually exists, and isn't a scam being sold by someone who makes their "helping" people create passive income) requires long-term thinking, and it's nearly impossible to make good long-term decisions when you're worrying about rent money or your next meal. If you work full time, focus on getting a raise, a new job, or changing industries. If you're a free…
I have a job but not good salary and I can't change or ask for a raise right now because it is not possible. That's why I'm trying to find another source of income in addition to my current job. Thanks for taking the time to answer
Re: Ask HN: How to Make Passive Income?
#45Just buy some more money.
Re: Ask HN: How to Make Passive Income?
#46No post body was provided.
Re: Ask HN: How to Make Passive Income?
#47Buy property and rent it out
Re: Ask HN: How to Make Passive Income?
#48Live below your means, save up money, put it into something where you can just pick up the checks.
Save up to buy a home. Then save up to buy a second one. Rent out the second one while paying someone to manage it for you. Rinse and repeat.
Re: Ask HN: How to Make Passive Income?
#49Earlier quoted context omitted.
This is the best answer. Passive income (in the forms that it actually exists, and isn't a scam being sold by someone who makes their "helping" people create passive income) requires long-term thinking, and it's nearly impossible to make good long-term decisions when you're worrying about rent money or your next meal. If you work full time, focus on getting a raise, a new job, or changing industries. If you're a free…
I have a job but not good salary and I can't change or ask for a raise right now because it is not possible. That's why I'm trying to find another source of income in addition to my current job. Thanks for taking the time to answer
If you’re willing to share, what is preventing you from finding additional work? You obviously feel married to a job that isn’t really working for you, and I’m wondering if you’re really stuck or just feeling stuck.
Re: Ask HN: How to Make Passive Income?
#50Get 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.
Any asset that you can resell (Real estate, commodities) is a hedge against inflation. Bitcoin isn't special.
Putting all your eggs in the Bitcoin basket is risky because it will likely collapse because it's a less than zero-sum Ponzi scheme. It's arguably good for short term speculation but not long term investment.