Do you have a passive income scheme?

[Ottonomous]

Some do
marketing online
run intermediary sales
write ebooks
crowdfunded real estate
etc

Miners need not apply

 

[Herr Kutz]

I pick up pennies around vending machines, or anywhere really.

 

[DaveSimmons]

Brokerage accounts (regular taxable + IRA rollover), 401k, company stock, "high interest" online savings account.

Truly passive not a side job, since I just buy and hold index funds forever instead of trading and stock picking.

 

[shortylickens]

I did try investing in mutual funds a long time ago.
The one I was advised to pick tanked horribly and I lost about 99 percent of my money.
Mom set me up with an allegedly smart, well-paid advisor.
I dont trust them anymore. If they actually knew what the fuck they were doing, they'd be out there making money off the markets, not telling other people their secrets.

 

[DaveSimmons]

I did try investing in mutual funds a long time ago.
The one I was advised to pick tanked horribly and I lost about 99 percent of my money.
Mom set me up with an allegedly smart, well-paid advisor.
I dont trust them anymore. If they actually knew what the fuck they were doing, they'd be out there making money off the markets, not telling other people their secrets.

Financial advisers and actively-traded stock-picker funds are both bad choices for most people.

That's why you buy low-expense major index mutual funds or ETFs (S&P 500, total US stock market, or a Target <year> fund) yourself from Vanguard (no financial adviser), and hold them forever.

They've never lost 99% of their value. During the last recession they lost >25% percent for a short while but if you just left them alone instead of panic-selling they recovered nicely after a few years. And the new shares I added during the recession grew very nicely.

 

[shortylickens]

Financial advisers and actively-traded stock-picker funds are both bad choices for most people.

That's why you buy low-expense major index mutual funds or ETFs (S&P 500, total US stock market, or a Target <year> fund) yourself from Vanguard (no financial adviser), and hold them forever.

They've never lost 99% of their value. During the last recession they lost >25% percent for a short while but if you just left them alone instead of panic-selling they recovered nicely after a few years. And the new shares I added during the recession grew very nicely.

My investment was in the AIM Constellation Fund, I think. Cant really remember now.
It was around 1996 or so and it did OK for a while then one year it took a nose dive. I cashed out and heard it slowly climbed back up many years later.

Oh well.

 

[Mayne]

I'm gong to do uber eats on my bicycle when I get cataract surgery.

 

[Red Squirrel]

No but I should probably try to figure something out. Costs of living are only going to keep going up, will eventually need that extra income coming in. That and if it ends up making LOT of money it would be great not needing a day job.

I have google adsense on my sites but that hardly counts, I get a cheque like every couple months maybe.

At one point I wanted to get into web hosting because once it's setup it's fairly easy to manage, but seeing web hosting companies offering 10TB+ worth of disk space and unlimited bandwidth for like $12/year makes it impossible to even have a chance at competing.

 

[lxskllr]

I pick up pennies around vending machines, or anywhere really.

It's tax free! Every penny you get is ~1.3¢. Not too many investments pay 30% dividends.

 

[Exterous]

It's tax free! Every penny you get is ~1.3¢. Not too many investments pay 30% dividends.

Yeah but sometimes you reach down to pick one up and find out its one of those damned Canadian pennies which is a 25% haircut

 

[snoopy7548]

For truly passive, my 401k and IRA accounts. I'm hoping to retire early, or at least semi-retire - I'll work on hobbies that produce some income (enough to at least cover healthcare costs until I hit age 62 or 65) and/or find some menial part-time jobs that get me out of the house a few days a week.

Until then, I want to start some side gigs/hobbies that could help speed things up. Woodworking, retro console/arcade restorations/upgrades, maybe custom arcade cabinet builds.

 

[BoomerD]

Fuck all that. I sit home and get money deposited in my bank account for doing nothing...

 

[Dr. Detroit]

Based on a 2080hr work year I make roughly $19/hr on interest and dividends.

 

[pete6032]

Microsoft Rewards. Get points to do web searches with Bing and then cash points into Amazon gift cards. After 34 years of web searches you can get a $5 Amazon GC.

 

[Slew Foot]

Dividends from all my stocks I own

 

[clamum]

Microsoft Rewards. Get points to do web searches with Bing and then cash points into Amazon gift cards. After 34 years of web searches you can get a $5 Amazon GC.

Actually it takes me about a month for 5000 points (Amazon GC is 5250 now I believe). Dude, from since I started until now I've earned 23 $5 cards which totals $115 of free money. Plus I've had a couple Hulu one-month subscriptions and contest entries (I will win a Surface goddamnit). I like it!

 

[IronWing]

I just let inflation make me rich.

 

[Red Squirrel]

I just let inflation make me rich.

Doesn't that do the opposite? It makes cost of living higher thus less money left over to save.

 

[DaveSimmons]

Actually it takes me about a month for 5000 points (Amazon GC is 5250 now I believe). Dude, from since I started until now I've earned 23 $5 cards which totals $115 of free money. Plus I've had a couple Hulu one-month subscriptions and contest entries (I will win a Surface goddamnit). I like it!

Two years of not finding what I'm looking for in Bing search for just $115 isn't worth it to me, but if it works for you then enjoy.

 

[JEDI]

crowdfunded real estate

esplain

 

[highland145]

Fuck all that. I sit home and get money deposited in my bank account for doing nothing...

Bull

Shit


You terrorize children which has it's own perks.



jelly

 

[Feneant2]

Income based investing where I invest only in ETF's that pay a monthly dividend. It starts off slow but after you've been investing in it a few years there's no easier free money out there. In ~12 years I'll hit the point where I make monthly the same amount that I am currently investing monthly.

 

[BoomerD]

Bull

Shit


You terrorize children which has it's own perks.



jelly

Well...yeah, but I'll gladly do that for free...it's my favorite source of entertainment...

During the winter months, when I grow my (increasingly) white beard out, little kids look at me to see if I might be Santa...l growl at them...

 

[highland145]

Well...yeah, but I'll gladly do that for free...it's my favorite source of entertainment...

During the winter months, when I grow my (increasingly) white beard out, little kids look at me to see if I might be Santa...l growl at them...

lol

"You ain't getting shit for Christmas, you little turd."

 

[Red Squirrel]

Well...yeah, but I'll gladly do that for free...it's my favorite source of entertainment...

During the winter months, when I grow my (increasingly) white beard out, little kids look at me to see if I might be Santa...l growl at them...

You should wear some vampire teeth and then when they go to sit on your lap you smile at them and tell them they've been very naughty.