Passive Income (Examples Included)
majeurevis
Acolyte
I've been doing a lot of reading for the past year about passive income and I'm wondering information you guys would like to share.
Of course, there's returns from stocks and bonds, and interest earned from cds and savings accounts. I've been reading a lot about people becoming lenders for peer to peer lending companies like prosper.com and lendingclub.com, making over 10% interest on their money. Writing articles for sites like AC and creating content hubs are also ways to make passive income, making money from advertisements displayed in your articles. Anyone else have any ideas for good investments?
Of course, there's returns from stocks and bonds, and interest earned from cds and savings accounts. I've been reading a lot about people becoming lenders for peer to peer lending companies like prosper.com and lendingclub.com, making over 10% interest on their money. Writing articles for sites like AC and creating content hubs are also ways to make passive income, making money from advertisements displayed in your articles. Anyone else have any ideas for good investments?
Comments
i'd stronggggly advise against this
If you're that lazy, you can just hire a property management company to do all the work for you. Also, the profit margin is more dependent on how much you paid for the house and the rent than how much you spend on maintenance.
Care to explain why?
They do everything including screening suitable applicants, all the legal paperwork, and conduct regular inspections. If any work needs to be done, they have a directory of workman that you can choose from.
Not a great way to make money, but I suppose it's good at convincing a bank about credit? It also opens up a bunch of tax loopholes, at least here, and considering you know what you can do.
My bank also offers a 'net bank saver' type account that calculates interest daily and pays it monthly, I put say 90% of my money in there. It currently earns 4.75%, it's better than nothing. I've had it since September 2010 and it's earned me $20 in interest since then, the most it's had in there is $3300, but there has been times when there hasn't been a cent in there. Best thing is now that $20 it earned me is doing work for me.
I have an idea for generating money via a website but I haven't gotten around to that one yet.
Step 2; Find share cropper to operate it for you.
Step 3; Repeat
Step 4; Profit!
Two houses using 8 lights each will yield 16-20 lb every 3 months in the hands of a decent grower. Rent and expenses will eat up about 3-5 lbs depending on how much you can sell it for. Your cropper will take 60% of the rest, leaving you with a passive income of about 8lbs every 3 months. Hopefully you can get at least $2200 a lb for it, so about $17000 every three months is not unreasonable. Downside: it's illegal, and someone will eventually get busted, not you of course, but someone, and eventually someone will get ripped off, not you hopefully. Also, healthy amounts of easy money have a way of turning even reasonable nice people into asshole cokeheads, trust me, I know.
I'm interested.
Why would you need a new thread and why would it be wasting your time to simply post the information here?
How does that constitute a waste of time if posted ITT vs a new thread? It is still the same amount of typing. Your logic, thus far, simply does not fly.
Lethargica, post it in a new thread. I'm sure you'll get constructive replies.
True, I can get good shit here for $1200, but ya just need one young dumb fuck willing to take a bus ride to some weed starved piece of the earth.(no border crossing, thats for people who dig high risk, high pay.) But whatever, the "hands off" grow, is a moneymaker even if you go down to $1200, you just need to set up more houses. Four buried steel shipping containers on a remote property, run of diesel gens' can house 6 lights each, you gotta grease the fuel guy hard, but it's worth it.
C/O
"Craigs road"
Guerrilla garden on state land
The cheapest and easiest way to grow a lot of weed in a short amount of time is outdoor guerilla gardening. Or if you want purchase some hybrid lowryder seeds (the original is just a ruderalis) online and grow several of those on your windowsill. They'll only yield an ounce or less per plant, but you could have several of them at a time, and they AUTOFLOWER.
Still would like to see that thread though, always looking for new ideas! :hai:
http://www.totse.info/bbs/showpost.php?p=122127&postcount=10