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Making enough to live
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You are currently reading a thread in /biz/ - Business & Finance

Thread replies: 62
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I've got $45000 in the bank. I want to use it to make say $2000 a month with minimal effort. I don't like working and just want enough to pay rent and bills and enjoy myself.

Any ideas?
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>>1039964

Where do you live?
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>>1039968
UK
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I'd move to Thailand or some bullshit and live off like $500/month. You could probably get a nice ~5 years out of that.
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>>1039984
If I was younger I would but I'm 35 and I've travelled quite a lot. I have a GF I'm happy with who has a good career here and it might be settling down time :/
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>>1039964
Give it to me and I'll invest it for you.

No but seriously if you are:
1) Stuck for ideas.
2) Do not want to make effort.

Then you're setting yourself up for losing it.
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>>1039995
How am I setting myself up for losing it? I'm not investing in anything unless I'm relatively sure it's a good idea. I'm not a business noob, but I am a bit stuck for ideas like you say.
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>>1039996
So your not a noob but your looking for either:

a 53.33% ROI

or

for someone to tell you how to make a passive income...
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That dog's penis is really bothering me.
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>>1039996
>How am I setting myself up for losing it? I'm not investing in anything unless I'm relatively sure it's a good idea.

This isn't necessarily the best idea either. Diversification is often better.

> I'm not a business noob, but I am a bit stuck for ideas like you say.

The minimal effort is what concerns me. There is literally no such thing as profit for minimal effort, unless you want to become a criminal (and then you're compensating for minimal effort with risk.)
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>>1040007
Well, "no such thing as profit for minimal effort." This also is not entirely true. If you had an IQ of 220 and a master's degree in mathematics or physics, maybe this would be possible.

For us average Joe plebians (intellectual untermensch), we have to compensate with hard work.

Don't take what I'm saying personally. I'm in the same boat.
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Honestly man $45000 isn't much these days. Any responsible man in their mid 30s should have at least that sitting around as emergency savings
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>>1040011
He's on the right track though. The system we live in is rigged, to an extent. You can't just have capital sat around earning next to nothing.

Also $45000 is quite a bit in the modern day. Don't forget that most of the generation below him are drowning in debt.

>>1039996
What sort of thing were you looking at getting into? Investing in markets? Businesses?
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>>1040007
I disagree. I saved 45k by running a website content/SEO business. To a degree I got lucky because for the last couple of years I had a really good contract which meant I could save a lot. I was only working about 6 hours a week.

I'm looking for a business I can run from home again, probably internet based.

I know not wanting to make a huge effort is a pretty crap starting point, but I also know it can be done.
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>>1040014
Probably not investing in markets. It's very time consuming. Just something I can run from home. I'm generally a good organiser and have good business sense. I just lack imagination/inspiration.
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>>1040016
>I know not wanting to make a huge effort is a pretty crap starting point, but I also know it can be done.

You're framing your current view of the markets based on past experience.

Firstly, the intrinsic characteristics of markets are always changing. There is a probability of exactly zero that the current market conditions today are the same as when your contract started.

Furthermore, ask yourself, if someone had this fantastic idea, why wouldn't they be setting up the business right now? Why would they share a potentially lucrative idea with you rather than turning it into an enterprise themselves.
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>>1040020

If you have no ideas of how to turn a profit, I suggest to look at equity. Use your capital to take a stake in someone else's idea.

There are lots of ideas out there which need cash.
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>>1040023
Because they don't have the capital or business sense to do it? But anyway, I'm not asking for the next big thing, I'm just asking if anyone knows of ways to make a pretty modest income working a few hours a week.

And yes, I am basing my view on past experience but you're not honestly telling me it can't be done are you?
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>>1040027
Possibly, but I don't think I would trust someone else with my money. I like to be in control of it.
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>>1040028

I'm not telling you it cannot be done, I am telling you that post '09 profitability has been thin in general. You might need to work harder, to capture the same profit, or just simply lower expectations of profitability.

Markets change mate. Things have been pretty tight since '09, and we're slipping back into recession.
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>>1040031
That's what a legal system is for. What I'm getting from this conversation is...

"Can any of you guys tell me how to have my cake and eat it? Also, please divulge the information for free?"
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>>1040033
If I was looking to make 10k a week I'd agree with you. But I'd be happy with £1500 a month and I'm not really limiting myself to a certain industry.
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So you essentially want a 50% return/year on your investment with minimal effort?

Have you considered killing yourself?
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>>1040040
You know what, forget the 45k, I never said I'm looking to invest 45 in anything. Just looking for broad ideas...
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Walk into the casino once a week and put 500 on black. If you lose double down and keep doubling until you win. Then walk out. As long as you don't lose 7 spins in a row you'll make 2000 per month. And it's a lot easier and safer than starting a business
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>>1040036
Okay. If you're looking to invest in markets, or just shore up your savings against inflationary risk, drop me a line.

I can impart a wealth of knowledge upon you. I can even advise you if you decide to trade. I won't do it for free though.

If you think someone's going to give you a roadmap to making money, and it's possible and you don't want to assume risk, and you don't want to work (much) etc. I wish you the best of luck. Maybe you should take your 45k and buy 22,500 lottery tickets this week. Maybe you'll strike it lucky.
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>>1040043
This is a martingale strategy. This is an awful idea. As this strategy goes to infinity in terms of time your wealth will go to zero.

Don't follow this strategy. The poster is either an evil genius or a chancer.
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>>1040052
Yeah I know enough about gambling to not do that.
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>>1040052

You'll most likely eventually lose it all but you'll probably make a comfortable living for a while as long as you only double down from 1 big bet per week. The important thing though is that it'll help you understand how futile trying to invest or start a business really is. It's hardly any better than gambling. Some people just get lucky. If you want to make guaranteed money your best bet is getting a job.
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>>1040060
There's risk in everything. The way you limit your risk is what counts.
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>>1040062

Well you limit your risk by betting as high as you want to win in one go rather than sitting at the table for hours like a chump. You can also limit your risk with a martingale being strategy by only limiting yourself to a percentage of your savings
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>>1040064
You know.. I played a guy with that strategy at poker once. He went out in 15 rounds and I was still turning profit five hours later.
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>>1040067

Unless you're talking about 1v1 poker he wasn't playing the same strat at all
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>>1040041


>forget the 45k,

Can we forget the 2000 passive income also?
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>>1039964
>I want a 53% annualized return with no work.

Unless you taking on a shitload of risk, it's not going to happen. How the fuck are you this retarded and managed to acquire 45k? Did your parents give it to you or are you just multiplying your numbers by 10 for responses?
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>>1039964
At first I was thinking you must be a special kind of retard to think $45k can translate to $2k per month with minimal effort.

But based on your responses you just want an easy low hour job with a sort of IT background. If you can't figure out how to market your skill set then why would strangers on 4chan?
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>>1039964

News alert. No one likes working. Get out there princess. To make 2k a month on 45k you would need over 60% returns every year after taxes

The smartest men on this earth, disregarding dumb luck, have never come anywhere near 60% annual returns. FFS my business after taxes brings in 35% and for my industry, that is considering "hitting it out of the park"
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>>1040064

Depends on the game. Im dam good at blackjack, and the key to blackjack is slow and steady. Always sticking to strategy,,, Poker? it comes down to who has the biggest dick at the table. If you think you have the biggest dick, you just havent met real competition yet
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>>1039964
You need like 300 to 350k in index funds to make like 2000 a month after taxes.
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>>1039964
Lottery tickets, OP! You seem like a special guy. Luck is sure to come your way!
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>>1041150
Not the OP, but is this true? I would be happy to live off of 2k a month and not have to actively work for it.
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>>1041176

For the most part, yes. Its excluding taxes and means you have invested in strong dividend paying stocks exclusively, but yes it is. Ive always heard the figure quoted at 400k
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>>1041138
Can you tell me more about blackjack strategy and how I can get good? I normally play roulette in the casino. I just enjoy it for entertainment as I know its just chance. I'd love to engage in something more mathematical.
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>>1041198
I appreciate the response. I am only just beginning to learn, but my goal is to live off of passive income one day.
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>>1041209

Blackjack is all math and probability. Start playing on Wizzard of Odds. When you never, ever, get a warning, you can playing at a table. Your chances of winning are still against you, but you wont lose much

Once you can play perfect strategy (which really isn't much, its just memorization) you can try counting cards but that is rough. Very few casinos still have single deck hand dealt games. i am lucky enough to have one 45 minutes away from me.

For me, it isnt the game, it is knowing the odds, being as good as I can be, and possibly beating those odds. Perfect strategy on a single deck hand dealt game means you will only lose 3% of your money.

Then you just have to hope and pray for luck and skill. Its fun for me, knowing the odds are against me (but not overwhelmingly so) and I can still win (however small)
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>>1039964
ALDW
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>>1041226
Thanks for the reply man, I'll look up wizard of odds. Perfect strategy, if that's what I assume it is, is what I was looking for. I doubt counting cards is something I could do and I'm in the UK, where I'm pretty sure there is never a single deck.

Any other tips would be appreciated.
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>>1039964

If you don't already own a home and live somewhere cheap, that's enough for a down payment and some left over and then you could rent a room out and make about 1% a year, essentially covering your mortgage, so though you'd still have to work you could be living rent free. That's probably about as good a return on investment as you can get for as little effort as possible.
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>>1041237

1% a month I mean
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I'm from the UK too. How about you make a site for local news stories that never get heard? I've got a very catchy domain name and wanted to do the same but I've got no idea where to source stories from or how to do anything with web design/management/anything.
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>>1039964
I assume you want the minimum work effort to make a stable income. I'll give you a simple set of instructions to get you closer to what you want. The benefit is that you'll have fun doing it, but the downside is that you'll need to budget more time, as opposed to effort to achieve this. I assume you are a genuine person, and enjoy life a little more than others.


Start off by investing a portion of that time, effort, and money on finding and building relationships with people. EX: Budget at least $100 every weekend to go out clubbing, drinking, and meeting people. You can minimize effort by prioritizing girls, since their networks are vastly larger than that of men, but there is risk in that and you know what they are.

After, Formulate an idea of what you can do with the skills you find on your people and invest another portion on building what you need to help who you need. You can achieve this with less effort by putting people in charge of that, although there is risk in doing so and you know what they are.

Finally, maintain your income by strengthening, cutting and replacing ties. All the while, you'll still be going out and having fun every weekend meeting new people (you'll be doing nothing new). Again you can have people do this for you, but there is risk.

There is no such thing as minimal effort, only what you chose it to be. If by the 6th month you don't have any ideas, or you feel like nothing is working, then I suggest investing time in finding yourself. Buy an instrument and learn it, travel to the countries of your ancestors, spend time with family, etc.

If a stable income with minimal work effort is what you need, then have people take that effort off you. People are willing to help those who can give them what they need even if it's a stable friendship. Try going out this weekend, talk to at least 3 people, and find out: What is their profession? What hobbies do they enjoy? Do they have a lot of problems?
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>>1041235

The great thing about Europe is you are at worst, 3 hours away from great gaming. Monte Carlo has some of the best gaming in the world, bar none...

And that is saying something considering I visit Las Vegas 5-8 times a year
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>>1041275
Just checked, I'm just under 3hrs from Monte Carlo. What makes it so great for gaming?
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>>1041272
That or learn about texas hold 'em and win local casino tournaments. My first time playing a tournament, I got knocked out 3rd place, and made $300 net profit after tip.

Just download Zynga poker, practice and memorize probabilities to win.
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>>1039964
So you want an annual 50% ROI?
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>>1039964
I'll trade forex for you m8 I'll make you lots of money ;)
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>>1041284
They still have a lot of traditional rules games at reasonable table limits. Very few 6/5 blackjack 30 deck games shuffled constantly in the shoe. In the US those games exist, but they are usually in the no limits rooms which get really hard to play through your dips (always plan to lose 100 to 1. If you are playing 1 dollar antes, sit with a bare minimum of 100 dollars. 5 dollar antes means a minimum of 500 dollars to sit down, etc)
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>>1039964
> invest in dick sucking machine
> set it up at glory hole
> charge 20 dollars a dick
> only need 5 dicks a day
> collect money at the end if the week

Literally the best I can do with this shit post
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i had a dumb friend who worked at a pizza place and saved up 5k
invested in the makers of gta before the release of that new game and got 22k back.
he blew all that money on cocaine
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tua mamma
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>>1041743
perché non la tua? :^)
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buy rental properties with mortgage in bay area and rent them out for $$$
Thread replies: 62
Thread images: 3
Thread DB ID: 417416



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