How the fuck do you make passive income? Most of us just want to NEET it up, but at the same time be independent enough to do and buy the things you enjoy. I just want to be able to afford a decent apartment and a few nice things.
Let's help each other figure it out. I've recently registered 3 domain names and am going to turn one into an online retailer, and the other 2 I plan to turn into a blog/clickbait site. Any other ideas would be appreciated, discuss.
i put money into day trading and got very lucky
bought in on a building with my dad and earn $600/wk from it
i rent out the house i live in for extra income
now i just work a 9-5job just for fun
You first need capital to invest into something, dividend stocks or coupon yielding t-bonds can give you passive income but obly if you have enough money in the first place since they only give out between 3% and 5% of dividends/coupons per year.
You can also buy some kind of franchise be it fast food, grocery store, gas station, etc. And let wagecucks do the job for you, admitedly, you also need money for this but it's probably less than what you need in stocks or bonds.
>aquire 3000 shares of glw on 18th birth day.
>dump it for $65k in my margin account.
>lose it all in less than a year trying to day trade.
gonna try again here soon once I get back on my feet.
that picture doesn't make any sense, the "entrepreneur" on the right is still going to use the money he made to buy his own stuff, and the "consumer" makes the money to buy stuff by working, and investing is working.
Triggered as fuck, whoever made that picture is fucking retarded.
>selling money for more money
who came up with this idea that's cheating
also best mindset is to forget the material world beyond what is required to sustain ur brain and rely on the imaginarium inside you for all stimuli-related needs
only if someone else is willing to lose an equal amount of money
there's a balance in everything
it will not turn into anything, instead it only siphons
like a hungry blood-starved leech, desperate for the safety, the warmth and the comfort that it was denied by this cruel reality
Be careful of the type of mutual fund you choose. Actively managed mutual funds rarely beat the market average and cuck investors with high fees.
Passively managed index funds track the market and are gauranteed to get you the market return with the lowest fees in the business.
Either way, you're going to need $750k+ to generate a safe stream of ~$25k/year in passive income