Passive Income Ideas

[disneysteve]

The best form of passive incomes are those that actors & singers make everytime their song is played or TV show is aired. I don't know how much money they make but someone like Ed O'neil or Ariana Grande must get checks every week from their previous work. Must be nice.

Keep in mind that it isn't as rosy as you think. I read a bit about royalties when the recent SAG-AFTRA strike was going on. It's true that folks who worked on a TV show or movie or whatever get royalties, but they often also get paid next to nothing up front. It's not like they made a fortune when they did the work and then have money continue to flow in. In many cases, they made very little when the job was done and the hope is that the royalties provide the income down the line, but it's tough to live that way. Not the case, I'm sure, for big names like Ariana Grande, but for all of the other folks behind the scenes, that's the case.

[QuarterMillionMan]

The best form of passive incomes are those that actors & singers make everytime their song is played or TV show is aired. I don't know how much money they make but someone like Ed O'neil or Ariana Grande must get checks every week from their previous work. Must be nice.

[james.hendrickson]

Oh and one more update for this thread.

DON'T FORGET ABOUT BONDS!!!!

I've been investing in small business bonds through an app called The SMBX. SMBX stands for small business exchange. I regularly log into the site to reinvest my coupon payments.

I checked the app a few weeks ago and I saw that a brewery local to Portland, Oregon had a bond offering out to expand their locations. So, I went down the brewery and checked it out. The place was full, it was clean and it had customers. So, I put like $550 into the bond offering. Its enough to get some decent payments per month (given how the bonds are structured) and it was enough that I wouldn't loose any sleep if the brewery went under, so I pulled the trigger and placed the order.

So, the bottom line here is another classic way to make passive income is buy lending money/buying bonds. And this option has lots of flavors as indicated by the SMBX example here.

Guys just posting an update here - I'm still getting bond coupon payments from SMBX. For a guy focused on passive income from investing like me, its a real pleasure to get the email notifications about the payments.

[james.hendrickson]

Okay, so here is another passive income idea. I know most of us on the board aren't that into Crypto, however, in my Coinbase account, I've been staking all the spare Ethereum I have. Coinbase pays about 3%. Three percent isn't much relative to stocks and cash equivalents like CDs, BUT if you have any Ethereum it makes sense to stake it to help reduce the volatility risk.

I've been doing it consistently - its only pennies right now, but its scalable.

[FrostedMoose]

Dividends aren’t exactly income though. When a stock declares a dividend the share price drops by the amount of the dividend. You don’t have any more money than you started with. You just have a tax bill whether you want it or not.

.

[james.hendrickson]

Guys - just a reminder. Nielsen opinion rewards totally works. Its only $5 a month or so, but its a nice little win to supplement my income from my regular job.

Link to Nielsen is here => https://computermobilepanel.nielsen....en/sdp/landing

[bjl584]

james.hendrickson You started a new thread today but we already had this thread going (which you've posted to numerous times as recently as last week) so I moved your new post here.

his post is a copy/paste from Facebook.
guessing he forgot that this thread was already here, or he wanted to start a new thread on the subject for some reason.

[disneysteve]

Guys,

I'm big on developing passive income for myself, so here is a list of the passive income sources on my radar screen. If I'm missing any major ones, I'd appreciate a heads up from the forums:

• Stocks - dividend payments
• Mutual Funds/ETFs - payments and capital gains distributions
• Bonds
• Peer to peer lending
• Crypto
• Insurance annuities
• Bandwidth and personal data sales
• Royalties - art and music
• Real estate - Direct ownership & Fractional ownership

I've included these in the list because there is enough known about each of the sources to ensure they aren't scams, and enough information available on the web to scale each of the sources.

If I am missing any please let me know.

james.hendrickson You started a new thread today but we already had this thread going (which you've posted to numerous times as recently as last week) so I moved your new post here.

[james.hendrickson]

Guys,

I'm big on developing passive income for myself, so here is a list of the passive income sources on my radar screen. If I'm missing any major ones, I'd appreciate a heads up from the forums:

• Stocks - dividend payments
• Mutual Funds/ETFs - payments and capital gains distributions
• Bonds
• Peer to peer lending
• Crypto
• Insurance annuities
• Bandwidth and personal data sales
• Royalties - art and music
• Real estate - Direct ownership & Fractional ownership

I've included these in the list because there is enough known about each of the sources to ensure they aren't scams, and enough information available on the web to scale each of the sources.

If I am missing any please let me know.

[QuarterMillionMan]

Another point well taken. Now I'd rather buy a good quality stock like Apple without the dividend yields.

[disneysteve]

Hum, I never saw it like that but that makes sense.

It’s a frequent debate on the early retirement board. Selling shares is preferable to getting dividends because you control the timing and the amount and capital gains are taxed better than dividends.

[QuarterMillionMan]

Hum, I never saw it like that but that makes sense.

[disneysteve]

Dividends aren’t exactly income though. When a stock declares a dividend the share price drops by the amount of the dividend. You don’t have any more money than you started with. You just have a tax bill whether you want it or not.

[QuarterMillionMan]

QVC has a 13% dividend yield.

[QuarterMillionMan]

Want $3200 a Year in Passive Income? Invest $20,000 In this Dividend Stock. (msn.com)

Two 15% dividend paying stocks. Tempting but risky. I may try investing $25,000.