Invest in start ups, buy real estate, YouTube. These are some of the ideas that come to mind. Any others? Passive income to me is the ultimate form of financial Independence and I’m curious to hear what others have to say.
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I'd personally steer towards rental properties with the stipulation that you hire a property manager outright - cuts out most of the hassle and they only charge around 10%. Otherwise, nothing wrong with index funds, other ETFs and maybe P2P lending. Go after startups only if time allows.
Start ups are not passive income. Most of them fail.
youtube come up all the time on all forums, unless you have some really good content or know how to get traction - this is going to take a while.
one of my passive income streams is with affiliate marketing. but nothing to write home about, it pays for gas and a bit more. thats it.
As a rental property owner, I can tell you it definitely is not a passive form of income if you don't hire a property manager. It's a lot of pain-in-the-ass maintenance work, even if your rental property is newly built.
And YouTube is not passive income; every content creator will tell you it's more work than you realize to come out with new content all the time. You think you can make a couple videos, be done with it and collect the royalties forever? Think again.
However the concept of buying into companies as a equity stakeholder but not as a active manager (may just attend board meetings every so often to vote on things) is interesting. Read about enterprise acquisition.
When you join a bank, are you only allowed to invest in ETFs? Or can you purchase individual stocks. And do you have to sell off individual stocks that you happen to own before joining the bank?
My bank you can only purchase etfs no single stocks which is gay
My bank you can only purchase etfs no single stocks which is gay
Which bank
Pretty sure all BB's restrict trading single name stocks and even within ETF's there's rules saying that it can't be for the sector you cover and a bunch of bs like that
How about tutoring or helping kids with college apps? If you went to a good uni that could work
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