Can someone provide me with information on passive incomes. I know you can survive on them alone, but how easy is it to make $10/day with it (im traveling through asia for a while and want to supplement some expenses with it)? Also i saw a link to a file that explains how to set them up, does anyone have that i can get?
Hell no, that anon didn't read that you wanted it passively. For passive income your best bet for passive income is to throw $105,000 into a high dividend yield index fund for 3.5% dividends annually, which comes out to roughly $10/day.
...Except it's taxed, so make that $145,000.
without having that initial cash, is my only option for a passive income to have those kinds of funds produce some dividends? my thoughts on what a passive income was a series tasks one would do online that would produce their own revenue once in motion, i might have the wrong conception of what it is im asking for here can someone help straighten me out?
so you basically want to make $3,650 per year for doing nothing and you don't have much initial cash to start an investment.
In. If someone knows how to make money this way I want to know too.
Uhh...no dude. There's no site anyone can just go to to get passive income. Here are your options:
>Create a web store that sells a digital product and has an active client base.
>Write a song or book that gets constant sales on their platform
>Make an app that generates sales or ad revenue
>Create a business that can afford to fund its own management and still pay you
>Own rental properties and hire a property management team
>Own royalties, patents, or rights (mining, water) that see active use
>Have considerable capital invested in dividend funds
Passive income is for productive people who are above the herd, not any random shmuck who spends 2 hours online.