Passive income ideas

[NYCSPITZ]

Passive income is an income received on a regular basis, with little effort required to maintain it.

Do some of you do this? If not, let's brainstorm some ideas on how this can be achieved ASAP. Pyramid schemes not included. I was thinking of buying a few vending machines and just letting those rock city-wide and collecting a paycheck from that. Book royalties but you know how hard it is to get a following even in you're published. What else bros?

[Cashius]

Real estate?

[NYCSPITZ]

takes too long i want stacks now

[Greed]

I have much to invest in this

[NYCSPITZ]

Originally Posted by Greed

I have much to invest in this

lend me your insight...

[KwaL!ty]

bonds ... bills ...

[StarFaggot]

You will make no money in bonds or t bills. Interest rates are too low.

[KwaL!ty]

High Yield Checking or Savings Accounts
Rental Income
Build a CD Ladder
Lend Money via Social Lending Network
Invest in Dividend Paying Stocks or Funds
Use Cash Back Reward Credit Cards
Build an affiliate blog
Put together an auto-responder list
Create a membership community
Sell commercial products online

[Pent uP]

We had a friend who hosts poker night buy an atm for his garage..

The house always won

[StarFaggot]

NYC passive income isn't going to just come without raising your own value. You're not going to get stacks now bc you haven't put in the effort required to be worth stacks now. Quit looking for a quick fix and start to learn to enjoy hard work and creativity. Stacks now isn't going to come from passive income you'd better start gambling or investing. Gamble on hockey since you're knowledgable.

[namix]

Passive income is OPPOSITE of your goal to get bills fast.

Any sustainable model is because of a lot of "up front" effort... (or up front dollars)


If people just decide to one day, *bam*, have a passive revenue stream flowing in -- without spending significant time developing a product, self-sustaining service, or brand awareness in general -- wouldn't more people have that going?

If anyone could get rich real fast, while simultaneously being real lazy about it, then so many people would do it that it wouldn't matter --- we would just drive up inflation and the relative difference in everyone's standard of living would be the exact same lol :)

[Split]

>learn Solidworks 2013
>make a bunch of simplistic pendants and necklaces
>sell in gold and titanium on Ponoko
>never pay for bud again

[namix]

for real though --- the best kind of 'passive income' in my opinion, outside of strictly 'money making money' through investments is through licensing / royalties / etc.

money breeds money.

you either need sweat equity, money, or an amazing specialization of skills to line up with the perfect need at the right moment -- to get passive income fast...

most people i know with any passive income have it because they weren't concerned about being passive about it ;)

[StarFaggot]

Originally Posted by namix

for real though --- the best kind of 'passive income' in my opinion, outside of strictly 'money making money' through investments is through licensing / royalties / etc.

money breeds money.

you either need sweat equity, money, or an amazing specialization of skills to line up with the perfect need at the right moment -- to get passive income fast...

most people i know with any passive income have it because they weren't concerned about being passive about it ;)

Yessir.

[Diode]

"immediate return high profit passive income"

killing me here.

[Neighbor]

Hustle

HARD

You could host a text website?
































Lol

[namix]

Originally Posted by King Masa II

You could host a text website?

lol, it's true

right now it is a sunken cost though lol

[Dominate]

Laundromat in a high density population area

But really though... There is no way to make any significant amount of passive money without either already having a much more significant amount of money to invest or shouldering a high degree of risk...

[Objective]

Originally Posted by NYCSPITZ

Do some of you do this? If not, let's brainstorm some ideas on how this can be achieved ASAP. Pyramid schemes not included. I was thinking of buying a few vending machines and just letting those rock city-wide and collecting a paycheck from that. Book royalties but you know how hard it is to get a following even in you're published. What else bros?

I've been thinking about things to do to get some passive income myself, but I've yet to get any good ideas. I liked your idea about vending machines though but as I looked into it all I saw was how to get a vending machine to your workplace etc. for a price.. So I wouldn't get a percentage of the money at all, I would literally be paying them for a good spot to place it rather than partnering up with them. The next step would be to buy one which sounds like an extremely costly thing to do and revenue probably wouldn't be available until a year or two has passed (plus maintenance and whatnot of the vending machines) which seems to be a bad investment if you want to get something going fast. But I like the idea, with some polishing on the idea and being creative on how to cut the costs I think it'll be possible to make money from it.

I've also thought about some sort of webshop, but there's literally 1000's of them already. I do got some stuff in mind on how to make it work with the products I got in mind, but I wont reveal that unless I'm 100% certain I'll never go through with it anyways. Either way the bottom line is - paying and shipping goes automatically through my site. I wont do anything else than booking how much money I get and making sure I pay my taxes + some customer service. The customer service is shit I can do on my own, the moment it gets too much to handle is the moment I hire someone to do it for me as I most likely make enough at that point to do so. It'll basicly be passive income either way tho'.