What Are You Doing To Build Passive Income?

[riverwed070707]

Real estate. Currently netting around $27k/yr. Haven't picked up anything new since 2017 but I made an offer on 2 properties this morning that should add another $9k-ish from the start, more after upgrades. New doors will be managed by someone else so pretty passive aside from some book keeping work for tax purposes.

[disneysteve]

I'm investing in stocks, bonds, mutual funds, and ETFs. Once we are ready to retire, that portfolio will be our source of income in the form of interest, dividends, capital gains, and when necessary or with RMDs, selling of shares.

For 2020, our portfolio generated $43,500 in income. It all got reinvested but once I am retired, we'll start drawing out that income to support our expenses. By then, the income will hopefully be in the $60,000+ range and we'll sell shares to make up the difference.

[LivingAlmostLarge]

For 2020, our portfolio generated $43,500 in income. It all got reinvested but once I am retired, we'll start drawing out that income to support our expenses. By then, the income will hopefully be in the $60,000+ range and we'll sell shares to make up the difference.

Um wow. How did you figure that out? I guess I should start digging what we have.

[disneysteve]

Um wow. How did you figure that out? I guess I should start digging what we have.

Not hard at all. Just take a look at your year-end statements. They will list year to date income for each account. For taxable accounts, the 1099s will also give you the info.

[surfius]

I have a pretty large passive income because I have three flats in Miami. One is a two-bedroom with a good renovation in the Miami Beach area. And two two-bedrooms, they're not in perfect condition, but even so, I have tenants who rent them. I also managed to buy some bitcoin during the cryptocurrency crash in July, and it's worth a bit more now. Many people think it will rise in value soon, so I am hesitant about what I should do with it. Get a bitcoin tarjeta de debito to spend it gradually, or wait. I'm just afraid it will go back to its original value.

[Michael44]

I invest in stocks and also have a small percentage allocated in cryptocurrencies (BTC, ADA, ETH and newly SOL).

[james.hendrickson]

Guys,

Wanted to update this thread. I'm using the following apps to make mostly passive income.

By category:

Selling My Data

Invisibly

Reklaim

Tapestri

Upvoice

Nielson Opinion Rewards

Swash

Tartle

Selling Internet Bandwidth

I'm also experimenting with selling my spare bandwidth using these pieces of software:

EarnApp

HoneyGain

Peer2Profit

My question is...are any of you guys using anything similar? Am I missing any obvious passive income apps I should be using?

[Fishindude77]

Not certain where you live in the states, but Could you give me a ballpark @ what the USDA was paying per acreage for what you're doing? (just want to quickly weigh the options). Also TY for the mention to 15-20 acres, I was thinking 10 @ a minimum, but knowing this I'd happily make my "floor" acreage w/e the lowest offering is @ the USDA [pending the availability of the programs where I am planning on buying].

I think our cheapest stuff in these programs pays around $85 per acre and the best field pays $296 per acre.
There is some initial planting cost and some minimal upkeep work.

[TammyJackson]

This may sound weird and unreal, but I actually play games to build passive income. I love to play in my free time. And I also needed money for my financial support since I moved away from home. I decided to transform my hobby into a method to win money. I found out that some apps and games pay you real money if you win. I didn't believe it at first. I always thought, '' who pays people money to win ''. Well, I tried, and I convinced myself that it was real. Now I do have a decent income for all my needs.

[naskar]

To get passive income I have invested in stocks and cryptos

[ryan_themoneyguy]

investing is definitely the #1 way, and probably the lowest barrier to entry. However, people have had a lot of success with online content creation, i.e., ebooks, videos, or even artwork that are pay per download.

[comicguy]

Investing into dividend paying stocks

[QuarterMillionMan]

I think selling "cash discounting" has potential, if you are good at it. Unlike let's say selling vitamins & supplements, or selling cosmetics, or selling women's clothing such as Lalarue, etc. With cash discounting once you've established a customer base the residual passive income stream could allow you to retire early. I don't have what it takes to sell cash discounting but if you have what it takes more power to you.

[disneysteve]

I think selling "cash discounting" has potential, if you are good at it. Unlike let's say selling vitamins & supplements, or selling cosmetics, or selling women's clothing such as Lalarue, etc. With cash discounting once you've established a customer base the residual passive income stream could allow you to retire early. I don't have what it takes to sell cash discounting but if you have what it takes more power to you.

I have no idea what this means. What is cash discounting?

[james.hendrickson]

I think selling "cash discounting" has potential, if you are good at it. Unlike let's say selling vitamins & supplements, or selling cosmetics, or selling women's clothing such as Lalarue, etc. With cash discounting once you've established a customer base the residual passive income stream could allow you to retire early. I don't have what it takes to sell cash discounting but if you have what it takes more power to you.

Seriously, what is "cash discounting"? I have no idea what that means either.