What side business/passive income do you have?
Hi fellas,
All in the title. What side business/passive income do you have? What was the initial investment, how long did it take to create it, how much do you make and how much time do you allocate to maintain it?
Considering COVID time to create something myself.
Cheers
Also curious! Been hoping to start something prior to FT, mostly for personal development as opposed to any dream of actually generating a meaningful profit.
For most people on an IB-type career track though, I wonder if spending your free time on an actual side gig makes sense (unless you're really looking to exit the industry/really just enjoy starting your own thing and think the time can't be better spent elsewhere). Shouldn't the goal to be to invest as much free time as possible to become the best banker/investor/consultant etc. (outside of hobbies/relationships), whether that's reading/networking/sourcing? i.e. you have a good main gig, and you want to accelerate/build on it + invest the rest in the markets, rather than spend time building something else.
How much money can you make by investing tho.. If you make 7% and save like 20k first year you're making $1.4k annually it's not really amazing... But for sure it doesn't require a lot of time investment.
I agree You don't want to create a side business during IB though, unless you don't desire a personal life. That's why I'm considering potential income streams beforehand
Drug dealing.
In all seriousness I resell shoes (Jordan’s, Nike’s, Adidas) for sometimes double to triple the retail price depending on the resell market. Basic supply and demand
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