How do I make a passive income /b/?
The stories and information posted here are artistic works of fiction and falsehood.
Only a fool would take anything posted here as fact.
Only a fool would take anything posted here as fact.
How do I make a passive income /b/?
>>767748475
cryptominers in a nutshell
>>767748724
No
I want real money, not deep web shit.
>>767748475
Buy a duplex, live in one half and rent out the other.
>>767748844
Crymptomining isn't "deep web shit", cuck.
>>767749111
Go on
>>767749173
Then who accepts it besides the deep web?
Checkmate athiest
>>767749284
kek
go back to your amish life
>>767749328
Alexa
Why is anon a retarded faggot?
>>767749198
>>767749198
The only way the average person has a chance at passive income is rental property. I suppose you could invest in the market but it's just a roll of the dice if you ask me.
First, you will probably need some savings and good credit. The idea is that you would need to own two properties of sorts. One to live in and one to rent out. If you have a duplex you will only have one mortgage and can use the rent income to cover part of it. The sooner you pay off the property the sooner you can get another. Eventually you could get to a point where you just live off the rent income and don't have to work. You could even hire a property manager to handle tenants and upkeep. They usually charge one months rent each year and 10% of the rent each month.
>>767749909
Op here
my parents do this in the ghetto
>>767748475
YOU don't. Uppity peasant.
>>767750075
Bet they have some horror stories with tenets.
>>767748475
Lay naked on your stomach and let other faggots Fuck your ass.
>>767749542
O-k..
You`ve heard about exchanges like coinbase right?
>>767750075
Probably the most important thing is location. In run down areas your just more likely to deal with people who can't pay their rent or are going to damage your property. Finding tenants might be an issue too.
The best areas are going to be medium size cities that haven't be overpopulated yet. That eliminates most of the west coast and places like Denver or Austin. Military and college towns a good choice because of the demand.
>>767750244
Yeah
Good tenets are far and few between
some steal keys, others break shit don't pay and leave
Have money and invest it in something that will be worth more money than when you started
>>767748475
Ponzi schemes. Just remember, when the FBI comes calling, you know nutting.
>>767750437
Dam
big city in Texas, in the ghetto
we're fucked
>>767750506
like what?
>>767750487
Kek I lived next to these Arab college kids for like 3 months and they didn't pay rent once. They kept saying oh we will in alittle bit just wait till we have the money. Then just bounced lol
>>767750595
Nah
I don't like jail rape
>>767750711
Yeah
most Arabs I know in engineering are cheating assholes that play games all day and don't go to class
>>767748475
any other options beside property?
>>767750957
Op here
Vending machines?
a car wash?
youtube videos if you can get enough viewers
same with a blog its all kinda about traffic
>>767751265
I don't know who you watch on youtube but you must at least have heard mention of the adpocalypse.
Personally buying a lottery ticket yields a high success rate then becoming a youtuber
>>767751265
op here
It's insane and unstable
not to mention making a following is impossible
I've tried
trap thread?
>>767752158
Wut?
>>767748475
Dividend stock, bonds, real estate (that you don't manage yourself), loans, etc.
>>767752733
Thanks man
>>767752575
Passive income is income resulting from cash flow received on a regular basis, requiring minimal to no effort by the recipient to maintain it
So traps are similar in that they are like normal females without requiring minimal to no effort to maintain it
>>767750437
>Military and college towns a good choice because of the demand.
My uncle rents out houses in a military area and he says it's insane how much military families will overpay for housing so if you set up in such an area the local populace is ripe for exploitation.
>>767752868
You must do yoga, because that's one hell of a stretch of logic
>>767750075
My mom did this in the trailer park, now I'm kinda doing it.
>mom used to own like 12 trailers
>JimLahey.jpg
>cops all know her because she's a mentally ill druggies
>let's shitty trailers get shittier so she doesn't have to fix them
>gives tenants the "don't bother me rate"
Whereas I:
>bought a house in the hood
>a HOUSE though
>3 miles from the beach
>Rent out 3 of my 4 bedrooms already
>Cover all the utilities
>never see 2 out of the 3 renters
Thinking of putting some of the rooms on AirBNB soon.
I already take in $400 more in rental income than my mortgage, so it's like I get a free place to live
>>767750430
have you heard that you're literally retarded?
>>767753871
I can rent trailers?
>>767754082
OP here
MOAR PLZ
>>767751758
Or you're just an untalented piece of shit.
>>767754131
Of course you can dummy. I help my uncles maintain some trailers they bought.
>>767754183
I am, but it's still hard
>>767748724
This
AMA
>>767754386
Yeeehaaaaaaw
This Texan can afford that
>>767748475
Make online dating site account
Catfish a prude teen for nudes
Threaten to spread them unless paid x/month
Create a pipeline
Quit your job
>>767754404
Who do you go to to fill your orders
>>767754709
Meh
I don't wanna keep seeing dick picks
>>767754885
You mean sell orders or gpu orders?
Was going to chime in on the real estate stuff, but it looks like that's already handled. Bump for real estate income.
>>767756010
sweet
The only true way to have passive income is to manage a buisness, rent houses, or invest.
>>767754404
how do make?
how much have you spent to get there?
Easiest thing to do is put your money in an index fund, like the S&P 500 ETF. If you want to learn a little more about macro and overall market trends, then you could make some better returns by investing in industry specific ETFs
>>767758942
Also I’ll add to this. If you ever get a good understanding of when the market will go through upticks and downturns, the. You could make a good amount by buying the VIX ETF low and short selling it high. And if the economy as a whole turns to shit like during the 2007-2009 crisis, most importantly, do not panic. A shit ton of people lost out by not keeping their positions post-crisis
>>767758942
That's not really a good vehicle for passive income though. The dividend is, what, 1%? Pretty poor. The index fund is purely a growth play.
>>767748475
Well, first you start with a lot of money....
Let's expand the game. Instead of just true passive income, how about all low-hours side income? Things like getting decent cash for just a few hours of work a week.
>>767759320
Exactly this. You should only be looking for passive income if you're ready to retire immediately on your nest egg.
https://youtu.be/UdaeDG0qq1Y
>>767759242
This past year it returned 13.5% and over 5 years it returned 82.2%. If you don’t want to do ETFs putting your money into Vanguard and Fidelity equity funds is also a phenomenal idea
>>767749909
>The sooner you pay off the property the sooner you can get another.
Alternative idea:
>Save enough money to purchase one in cash (Seriously, live off ramen, sell shit you don't need/use, etc)
>Dump that cash/stock into credit line
>Purchase a rental property with credit line
>Immediately go to bank, get loan on that house
>Take that money, put back in credit line
>Repeat process
Now it's a little more complicated than that, but you can buy a house a month if all the paperwork is pushed through as quick as possible
>>767759581
>This past year it returned 13.5% and over 5 years it returned 82.2%.
You are misunderstanding. These numbers are all equity growth, not passive income.
I will check out equity funds, though. Thanks!
>>767759462
Have fun being broke and working till death
>>767759462
Absolutely untrue. He’s trying to invest his money passively, not actively. The whole point of passive investing is to generate capital gains in addition to what you earn though your normal salary. And most of the ideas on here like real estate and putting it into funds does not require one to solely desecrate their time to these activists. Please don’t ever try to enter consulting or asset management
>>767757727
20k. Sitting on 65k on various shitcoins but mostly XMR.
This will be worh about 1 mil
>>767759637
>buy house on credit
>get reverse mortgage on house
>buy more houses
Bro I don't think that's how it works. Reverse mortgages or using a home as credit collateral is based on your equity in the property, not the value of the property. I think, at least. Any mortgage loanfags here? Also to get a mortgage the home has to be your primary residence most of the time, and to get the tax break when you sell you need to have lived in it for two years straight. Good luck cashing out bruh.
>>767759718
Shot I misunderstood your question. Presumably you want actual income rather than assets that grow in value over time. In that case the only thing that applies is the VIX thing from earlier, not even real estate is applicable
>>767750874
Graduating comp. engineer here.
Arabs and most euros are addicted to facebook, never show up, have low work perseverance and are notorious for cheating during exams. Hearing them do it right next to me made me want to snitch so fucking bad. Not sure if should've.
>>767759843
>>767759980
I'm already worth 7 figures, mate. To the extent you chase passive income / cashflow over equity growth, you reduce your overall income in retirement. Here's a good article about that - it's a bit real-estate-centric but the concepts are the same.
https://www.biggerpockets.com/renewsblog/2009/12/18/when-is-real-estate-cash-flow-not-the-be-all-end-all/
Passive income is a drag on the growth of your net worth. That's why people like the index funds - they have a low tax profile and are geared toward growth. Once you're done growing your nest egg, only THEN should you switch over to making that pile of cash generate income.
>>767760155
>I think, at least
Way to destroy any credibility you were trying to make.
And if this is a shitty method, then why is it working for me?
Please, explain.
>>767760260
It's okay to snitch on non-whites
give your people the advantage at every turn.
>>767760063
>will be worth
>passive income
good luck trying to cash out regularily
from your 65k you will be left with 40k after the fees and taxes, provided btc doesn't fall again just when it is most inconvinient for you.
Crypto is not passive income but a long term investment.
>>767748475
Simple way, have a set amount of every paycheck set aside and invest it into Vanguards S&P 500 ETF and just keep doing it. Better to do it through a Roth IRA or any pretax account if you have access to one through your work. 7-8% average yield over enough time. Put away enough and you retire early.
>>767760063
By what metric?
listen to this https://www.youtube.com/watch?v=VzPDWJtY-K0
>>767760260
OP
Yeah the Arabs are shit when it comes to engineering, but unless you got something personal against them I wouldn't do anything
>>767748724
Stupidest bullshit in the world. Just fucking retarded.
http://www.cracked.com/blog/5-reasons-cryptocurrency-way-dumber-than-you-thought/
>>767760947
Cracked is where I get my personal finance advice, too.
>>767754082
>guy changes mind about to explain to this retard
>this retard still lashes out with furry pony porn
gg
>>767750437
Doing this in Augusta, Georgia
look it up, it's going to be the 'silicon valley' of military cyber intelligence
>>767761264
Same in west central GA, east central AL
Taxes are a shitton cheaper in AL
>>767754082
God I wish that was me.
>>767761109
>slurping down nigger cum 24/7
>thinks they're above pony porn
fag
>>767760762
this is absolute garbage. Stop trying to push your own shitty music. Give up and die.
>>767749284
Dude, there are bitcoin-to-cash Arms. Not common, but actual, here you are in person, here's your crisp bills type ATMs.
>>767754404
Fuck dude, each one of those is like $300. How long is it going to take to make back >$7000?
>>767760260
I did when I was in school. Got some Chicom kicked out of school then, kicked out of the country. FeelsGoodMan.jpeg
>>767761909
$600 more like it.
It would have to be lucky and get the final string for a prime number to get the whole purse.
That is easily 5 years before he gets equal amount of btc or eth
>>767761021
You make a point but read it. I chuckled at all you cryptocurrency fags.
1. I made money the conventional way. I joined the Army at 17 and luckily my mom opened an aggressive growth funded Roth IRA as a graduation gift.
I used hald my pay to fund that. I still contribute 500 bucks a month into it.
2. I invest into two portfolios. One portfolio is a list of stocks that pay out high dividends. I make about 30K a year off of them but of course I cant sell them.
The other portfolio is long game type stock: disney, microsoft, google, and some other stock like amazon that i sold a while ago. I had bought them when amazon stocks were 75 bucks a share. Fortunately i forgot about them since i had spent 2 years in afghanistan and iraq. So yes. I retired at 30 and do nothing but read cracked when i take shits. Enjoy your worthless crypto holdings dipshit kisses & peace
>>767762426
>I retired at 30
No you didnt lol.
At most you have 300k
Unless you're retiring in detroit...
>>767762853
It's not about how much you have.
It's about cash flow.
>>767759489
very interesting, thanks
>>767761581
post more pony porn I will report it ; )
>>767763551
nice.
>>767762853
You assume all I had was amazon stock. I sold it to buy land and build a house on it. Plus i hate liberals like Bezos and amazon sells chinese junk.
But i retired because i qualify for 100 disability. I get paychecks for life. Thanks for paying your taxes.
>>767763551
Fuck you asshat
>>767762074
A single week of ravencoin paid for half of the stack, trying to do it again on 0xbtc now. Only normies mine shithereum
>>767749284
you can just sell the coins for "real cash"
>>767762426
I laughed at you for reading Cracked for financial advice. Don't assume I would fall for that crypto-bullshit.
I'm currently maxing out my 403b and Roth contributions every year. Getting my wife to do the same. We live simply and paid off our house in 2 and 1/2 years. Now I'm looking at retiring to work the homestead and my side hustle to make as much as I did before, but now on my terms doing what I love. Congrats to you, anon.
>>767763166
This guy gets it. Im not wiping my ass with 100 dollar bills. I was lucky to make decent choices with the money i had from the army. I paid nothing for rent and food. I had a cheapass nokia and an old toyota pickup. My only indulgence was guns ( i was infantryman) and i had two girlfriends, neither of which did not contribute to my economic security hence, my aversion to relationships. My hobby was managing my money through the stock market and travel to cheap places like Thailand.
I personally believe crypto is just a waste of time. I feel sorry for you if you stuck even a dime on it.
>>767764921
This.
Even an idiot can make money in index funds.
Or you could go full retarded and try to trade cryptos that have nothing backing them like an actual economy.
They'll only be worth as much as the idiot next to you thinks it is.
Rent your ass
>>767760565
>taxes
Im not a dumb mutt
>>767765463
Your parents own the basement you live in. Taxes are being paid.
>>767765548
Whattayamean?
>>767751063
Those aren't passive.
>>767765699
It's amazing how your skull is so soft and dense at the same time.
>>767748475
Sell kratom plants, shits expensive
>>767765910
At least Ill get to retire at 30 lmao
Stay poor dumb no-coiner