How difficult is it to make passive income?

[T9D]

I don't know if it's exactly what you are looking for but;

Youtube videos. Get some decent ones up and then let the hits come in. Just video anything you like to do. Well it's a little bit of work here and there but it makes money after the initial bit. Then it just accumulates. Somehow I have $30 from youtube video's.

I was also making backgrounds for a program online. Just quality images. Started selling some even. But I got to busy with other things to bother with it. Once you have something like that and a catalog of them you just sit back.

You can upload photos on a website that sells photos if you are good enough. Get a catalog and then just sit back and collect any money.

There are probably a million things like these out there. Once it's set up it all snowballs and you do less and less and have passive income.

 

[JEDI]

How difficult is it to setup a passive income stream? When I'm searching online for passive income ideas I see a lot of sites that seem more like scams.

I'm not talking a lot of money. Maybe $100-200 a month.

ridiculously easy.
learn to play poker or do options trading
like printing $

 

[JEDI]

You want an extra ~$100/month? Buy 461 shares of Johnson and Johnson. Dividends are currently $2.61/share/year. This will require about $46100 to buy these shares. JNJ has increased their dividend for decades so it's a safe bet.

on distribution day, the stock price goes down by that amount.
its a wash

but yeah high div paying companies do better stock price wise.
so that's the reason to buy J&J

 

[unokitty]

How difficult is it to setup a passive income stream? When I'm searching online for passive income ideas I see a lot of sites that seem more like scams.

I'm not talking a lot of money. Maybe $100-200 a month.

Dividend Aristocrats

An investment. But it meets your income and passive requirements.

Uno

 

[brianmanahan]

Dividend Aristocrats

An investment. But it meets your income and passive requirements.

Uno

i would rather have lower-tax long term capital gains that higher-tax dividend payments

but thats just me

 

[JEDI]

i would rather have lower-tax long term capital gains that higher-tax dividend payments

but thats just me

thought long term cap gains and long term div were at the same 15% tax rate??

 

[Shlong]

Smart investments or learn programming for Android / iOS. Make an app that has some utility, place some ads in it. If it becomes semi-popular, make a couple thousand a month doing nothing (maybe a few updates for bugs here and there). If it becomes really popular, you can become a millionaire.

 

[MongGrel]

Cryptcoin mining has basically become my second job. Just needed to have a hobbyists interest in computers. Average around $2,200/m in pure passive income after electricity costs (with some random spatterings of "striking gold" paying out in the $15k range more than once). Basically like working full-time as a McDonalds manager, but I play video games instead.

Really hope you're not banking on that long term, but I imagine you aren't.

 

[Phynaz]

best suggestion in this thread

Worst suggestion in the thread. 2% is a loss

 

[mmntech]

Stuff $200,000 in the bank in one of today's hot "high interest" accounts. That 1% really works for ya.

 

[DrPizza]

Generally, it takes money to make passive income. Wild guess: about 99.9% of the time someone offers you the opportunity to make passive income that's disproportionate to the amount of investment, e.g., invest $100, get $50/month for years to come; is scamming you. I may need some more 9's at the end of that 99.9%.

 

[brianmanahan]

Worst suggestion in the thread. 2% is a loss

thats just the dividend, you also get the appreciation of the securities themselves

 

[brianmanahan]

thought long term cap gains and long term div were at the same 15% tax rate??

oh yeah, stupid brain of mine i forgot about the qualified dividends. qualified dividends rate is about the same as long term cap gains rate.

the dividends arent always qualified though, i think on vanguards total US index last year, they were only about %67 qualified

 

[Eug]

Cryptcoin mining has basically become my second job. Just needed to have a hobbyists interest in computers. Average around $2,200/m in pure passive income after electricity costs (with some random spatterings of "striking gold" paying out in the $15k range more than once). Basically like working full-time as a McDonalds manager, but I play video games instead.

Smart investments or learn programming for Android / iOS. Make an app that has some utility, place some ads in it. If it becomes semi-popular, make a couple thousand a month doing nothing (maybe a few updates for bugs here and there). If it becomes really popular, you can become a millionaire.

Android users, beware: Simple wallpaper apps found to secretly mine bitcoin

Not long ago it was discovered that a couple of Google Play Store Android applications that were downloaded anywhere from one million to five million times had malicious code that covertly turned Android devices into silent Bitcoin miners. The malware managed to bypass Google’s Play Store security, but they were not the only ones to include digital currency mining capabilities. A new report from security firm Lookout reveals that at least five other applications from Google’s app store can also turn Android smartphones and tablets into miners.

Called BadLepricon, the malware masquerades as a wallpaper app that hijacks the user’s device in certain conditions. The app works as a wallpaper app, but it also silently checks battery level, connectivity and display status (whether on or off) every five seconds. When the battery level is over 50%, the display is off and the phone is connected to a network, BadLepricon starts mining Bitcoin. It does so in order to prevent the phone from getting hot while the user actually uses it and thus to prevent detection, as Bitcoin mining puts a serious strain on computing power, thus consuming more battery life than usual and generating more heat in the process. The malware also features a WakeLock feature that prevents the phone from going to sleep even when the display is turned off.

Furthermore, BadLepricon allows the creator to easily control its Android Bitcoin miners in order to connect them to mining pools or Bitcoin wallets with ease.

 

[alkemyst]

oh yeah, stupid brain of mine i forgot about the qualified dividends. qualified dividends rate is about the same as long term cap gains rate.

the dividends arent always qualified though, i think on vanguards total US index last year, they were only about %67 qualified

Please stop. You don't even know where the percent sign goes in numbers.

 

[brianmanahan]

Please stop. You don't even know where the percent sign goes in numbers.

thats just how i learned to do them, it stuck with me

 

[alkemyst]

thats just how i learned to do them, it stuck with me

OMG!

 

[Red Squirrel]

The hard part is trying to find something that's not a conflict of interest with your existing job. Though there's plenty of stuff that you can do if you dig deep enough and it really depends on how broad the conflict of interest clause is for your company. For mine basically anything technical seems to fall within that. It just requires lot of hard work initially with the risk that it does not pan out. It may also require lot of investment so if you don't have lot of money to start with it may be tough. Cryptomining comes to mind. These days most of that is done with ASICs now, as video cards will cost more in power usage than what you'll make. ASICs start at like 1k, typically you're looking at like 10k+ for something that can yield a decent output.

I'd like to have gotten into it but I'm too late in the game now.

One thing I'd like to do at some point is code a MMO. I need to learn way more coding and also graphics design though like Blender. Though if done right a MMO can be a gold mine. Heck don't even have to be that complicated, look at how much money simple games like Candy Crush and other mobile games make. It's insane.