131–140 of 205 posts
$500 per month is $6000 per year. $100,000 in high dividend stocks may generate close to that much in dividends per year. So contract for $100 per hour for 1500 hours in the next 18 months. Then make a good investment.
I second this recommendation. Also, you only need ~$60k, as long term INR denominated fixed deposits yield ~10%.
Earlier quoted context omitted.
It's a nice and clear summary. You could probably expand it into mini book - one page per each point listed - and sell it for additional revenue...
Just trying to be helpful. If you have some constructive advice, please feel free to share
I would buy/read it! (Just brainstorming here...)
Sell Indian pharmaceuticals by post? There's some margin there I'm sure.
Meta: if you respond with "I run a small project and it is generating X per month for me", would you please provide links? I know it seems self-promoting but in reality in discussions like this it is very interesting.
If you're willing to work five hours a month on your passive income project, then I suggest doing five months of work on Passive Rails Consulting, as that has minimal execution risk. 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 produci…
I completely agree with this. Generally, completely passive income is massively harder and more time intensive to generate than minimal-time-investment income (which is what Patrick suggests above). I have both completely passive and minimal-time-investment income sources, and the passive ones have been MUCH harder and longer work per dollar over the last few years. Focus on optimising your $/hr (and your hr/month) r…
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…
If not that might be a good ship to jump on now, as it's the buzzword for tech recruiters. Most of whom have no clue what it is.
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…
8) You advertise any chance you get. :-) (That said, it worked on me.)
I have played a little with direct advertising, but paying for adverts that link to a site that sells adverts seems a little too much like a self-defeating loop. Normally paid ads are done during promotions.
I'd give a read to Start Small, Stay Small (www.startupbook.net) and other startup literature. Study Paul Graham's essays (www.paulgraham.com). Random ideas: - Start something like skoshbox.com, but with Indian goodies. You may not realize it, but foreign countries crave Indian tastes and flavors. I would probably pay for a monthly delivery of Indian spices and sweets. - Start a podcast on a passion of yours. Offer f…
Love the monthly Indian spices idea, especially if they are paired with recipes. Tajbox? Spicebox? Spicybox?