What do you guys do to create more passive income?

[TheWatchGuy]

turn a hobby into money.

I started collecting watches as a hobby, which led to me fixing and repairing watches for myself, and has since turned into making a few hundred to a few thousand a week depending on how busy i want to get. Fairly significant upfront costs for tools and supplies, but that can be paid for within a couple months if you do enough work.

[bimmer456]

The money spent on gas and maintenance ubering would be best invested in the stock market where you get passive income doing nothing and costing nothing (unless there is a downturn in the economy).

[sirdaft1]

I don’t think many who have posted here understand the meaning of passive income.

Why not add to your rental property portfolio? With the right deal(s) you should be able to pick up a property and hire a management company to handle the day to day and net out cash flow positive while requiring very little bandwidth from your end.

[420Coupe]

Originally Posted by Dave 90TT

What, did they fall off the back of a truck?!?!?!

Seriously, at that price, you would be better served buying them, and then reselling, easily doubling your investment, if not more.

Relationship with a distributor i have that we used to setup a couple huge mining farms so he hooks it up quite a bit.

[Germanauto]

Chaturbate cam model...

[overcoil]

Originally Posted by TheWatchGuy

turn a hobby into money.

I started collecting watches as a hobby, which led to me fixing and repairing watches for myself, and has since turned into making a few hundred to a few thousand a week depending on how busy i want to get. Fairly significant upfront costs for tools and supplies, but that can be paid for within a couple months if you do enough work.

Watch Guy, had you read this ?

https://www.christies.com/features/H...ated_features3

Thought it was interesting comparing the square to round pushers. I liked the whole article.

[Flying Ace]

I use to rent out an garden apartment. We've since needed that space back.

It's hard to get passive income and a decent return for the investment amount that needs to get tied up for an extended period of time. IMO, I think the easiest way is to own dividend paying stock (or bonds) in high quality companies. In the long run, the US economy has always paid out handsomely.

[Flying Ace]

Originally Posted by RickFLM4

I wouldn't consider driving for Uber to be passive income.

If you have cash to invest, then self-educating on investment principles and following an investment strategy would be my suggestion.

lol. right. Passive generally means, minimum ongoing efforts once initial investment is made, and that your investment is a cash cow.

With Uber, if you're not "active" you're not making money. Generally, if you're making money from a source while you're simply breathing and sleeping, that source counts as passive income. (Rentals, equity distributions, pyramid schemes, youtube videos, racketeering)

[Flying Ace]

Originally Posted by 1MOREMOD

Pan handling

That's very active. Now your multi-level marketing schemes that you're running while you're panhandling, that's a passive source of income.

[XCRN]

Wheel and deal if you got the space to store a vehicle. Me and a buddy do it and very rarely do we do anything to the vehicles we get. Simple easy cash and you get to play with some fun stuff. We had a street legal dune buggy we rocked for a bit and a supercharged Camaro we named skittles since only one door matched the color of the car.

[1MOREMOD]

Originally Posted by Flying Ace

That's very active. Now your multi-level marketing schemes that you're running while you're panhandling, that's a passive source of income.

Not the way I do it I just take a nap on the sidewalk and wake up with money

[ASAP]

Originally Posted by Flying Ace

lol. right. Passive generally means, minimum ongoing efforts once initial investment is made, and that your investment is a cash cow.

With Uber, if you're not "active" you're not making money. Generally, if you're making money from a source while you're simply breathing and sleeping, that source counts as passive income. (Rentals, equity distributions, pyramid schemes, youtube videos, racketeering)

lol rackateering... well you're not wrong

[Flying Ace]

Originally Posted by ASAP

lol rackateering... well you're not wrong

Also don't forget loan sharking. Anyways, passive income isn't easy. At times even racketeering and loan sharking requires you to bust up some knee caps

[WingZeroX5]

Originally Posted by Dave 90TT

2 rigs running AMDs (5x580 and 6xVega 56). 3 rigs running NVidia (mix of 1060, 1070, 107ti, 1080, & 1080ti)

I tried my hand at various coins, and have some ZEC, ETH, and some others, but right now I am using Nicehash to rent my hashing power, getting paid in BTC.

What's your electric bill like?

[ASAP]

better question... how would you experts actively invest an extra 100k?

[dreamingat30fps]

Originally Posted by ASAP

better question... how would you experts actively invest an extra 100k?

Send it to me and I will double it for you. I know several Nigerian princess that have been nagging me for years!

[pz619]

Consider being a pimp. It’ll take some work up front but after that, smooth sailing. You’ll need to round up a few individuals to work the “streets”. At which point you’ll need to identify your most solid performer and promote them to “bottom bitch”. This person will help keep the rest of your “hoes” productive by helping you manage their activities.

Once business and your corporate structure is established, you just take a cut of the earnings.

You’re welcome.

[1MOREMOD]

Points

[ASAP]

Originally Posted by dreamingat30fps

Send it to me and I will double it for you. I know several Nigerian princess that have been nagging me for years!

A lot of bark around here... little bite... which isn't too far from what i expected

[Mandi90TT]

Originally Posted by WingZeroX5

What's your electric bill like?

About $400 over what it was before I started doing this. I gross $1500-3000/month, depending on price fluctuations (although I am holding all my cryptocoin for later), so I net $400 less than that.

[doogee]

My little Shopify store makes me some extra cash.

https://roundelwerk.com/

[RickFLM4]

Originally Posted by ASAP

A lot of bark around here... little bite... which isn't too far from what i expected

As Flying Ace suggested, equity investments that pay distributions is one option, which can be as simple as an Index ETF. It could also come through investment (without control) in a small, established business or real estate funding that pays out distributions if you know someone through whom you can make such an investment. There are many opportunities like this out there if you know where to look and meet the investment criteria. Another is high quality corporate debt offerings issued through private placements, again if you meet investor criteria and are tolerant of credit and interest rate risk. Overall I'd probably start by researching and reading rather than relying on an Internet forum, although a forum can spark some ideas. The investment vehicle will depend largely on things like availability to you and your risk tolerance.