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You don't want to earn a passive income. You want to leave your job. Fine. Except that looking for passive income stream is not the best idea out there. If you can contract for $80/hour for US/EU clients (really possible), you'll need to work only 40 hours to cover a 6 month expenses. But that won't probably be enough for one month, once you start earning it. You've been warned ;)
I run Built With Bootstrap ( http://builtwithbootstrap.com ) that brings close to $2,000 on average each month in "mostly passive" income. How? Here are a few things that have helped: 1) I got lucky - I jumped on something early and got picked up quickly and rode on the back of a giant gorilla as it kept getting higher and higher - right place, right time 2) I keep costs low - I use Tumblr (free) and cheap, pluggable…
(That said, it worked on me.)
Can I make a suggestion? Most people who say "passive income" spend a lot of time fantasizing about the lifestyle relative to actually producing value. It is not terribly difficult to produce value as a programmer. Concentrate on producing value. If you achieve that, you'll trip over $500 a month. Most of the straightforward ways involve identifying a problem for a class of business that you're positioned to solve and then solving it in return for money.
If you want concrete suggestions with regards to markets and form factors, in lieu of repeating myself I'll post a link to an old comment: https://news.ycombinator.com/item?id=5904316
I run Built With Bootstrap ( http://builtwithbootstrap.com ) that brings close to $2,000 on average each month in "mostly passive" income. How? Here are a few things that have helped: 1) I got lucky - I jumped on something early and got picked up quickly and rode on the back of a giant gorilla as it kept getting higher and higher - right place, right time 2) I keep costs low - I use Tumblr (free) and cheap, pluggable…
Earlier quoted context omitted.
Or you can buy an apartment in eastern Europe and rent it for $700-1000 per month.
Well, you better not choose Riga (capital of Latvia) then. According to my back-of the napkin calculations, an 80 000 EUR investment will pay itself back in 10 to 15 years.
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So... in other words, generate passive income by telling others how to generate passive income. (presumably you don't tell them the way to generate passive income is by telling others how to generate passive income because that would saturate the passive income training market no?)
[0] - http://www.johnchow.com/
It's me or passive income posts in HN flourish on weekends?
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I'm interested in training as well ... whats your area of expertise and how do you make your passive income?
I generate a passive income through options trading. It takes a small amount of my time each week. I have built up a wealth of knowledge through years of study. I have experimented with most forms of passive income over 20 years and found that most of them don't meet the requirements of "passive income".