Guide to Passive Income

>>1489653
How much did it cost to do all the paper work for those patents though?

>>1489653
Great for you, OP. It seems you are so well off that you don't even feel the need to come brag on an online mongolian frog trading forum! Great stuff!

>> rental properties don't work

Topmost kekeroo

>>1489680
I thought it was a german immigrant prostitute students exchange forum.

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>>1489653
OP did you also publish books which have no success? I'm afraid that I'm not a great writer (especially as English is not my native language) but I have a good knowledge about some scientific topics. How much pages did you write and is it all your own research or also copied something from other books/papers?

Currently doing my master's and I think writing about the topic I'm studying wouldn't harm in my freetime.

>>1489736
>did you also publish books which have no success?
no. everything OP has done in life is brilliant and magical, can't you read?

>>1489653
>rental properties (unless mortgage paid off)
>doesn't work

But that's wrong

That's literally my entire business. Cash flow for 100+ a month (usually around 250) on a SFH, factoring in long term costs and random expenses, and generate equity, all the while being able to legally say my income off of them is negative on taxes because of depreciation.

brb patenting gene replicating technology.

>>1489736
Yes I have published a lot of books (or for the most part co-authored) that failed

For the most part I do not fully publish any book, I just write a certain section. The success of the book usually depends on factors out of my control and it does suck when the book fails as a lot of time went into writing that section.

For co-authored books I usually regurgitate existing information and add a little of my research in if applicable

Most of my research goes into a journal after it is patented. I then loan those patents out to, usually, big pharam. They probs make millions of them but oh well.

The amount of writing is really relative and depends on the subject. For subjects like physical chemistry about half the writing is really just math. While if you were in, lets say, population genetics, that would be a lot more writing intensive.

>>1489653
>inherited 10m
>put in savings
>get ~$100k per year
>use that as spending money
>still single and lonely
I mean if I wasnt so cheap I'd prolly have more friends.

>>1489806
How much do you get taxed?

>>1489653
Starting off with the does not work:
>mining
>dividends (unless you are crazy rich already)
>adds
>server hosting
>rental properties (unless mortgage paid off)

"Everything that I can't pull off doesn't work"

>>1489653
passive income is passive income.

even if you are only making 9.00 a year in dividends.. it is still passive.

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>>1489653

>mining
de beers disagrees

>>1489808
An average of 39k a year, for the past 5 years. I have a perscription that I can claim that lowers it about 3k.

>>1489806
>put it in savings

LEL dude. Have you thought of phasing that into a 60-40 portfolio and drawing 2-3% a year to increase quality of life?

>>1489653
Writing books and inventing technology sounds like work to me.

The real way to make money without doing anything is to have money. Money makes money. Put a million bucks into a low-risk, managed fund and make $50K per year.

>>1489653
So where's the guide?
Or did you just come here to brag?

>>1489653
>gene replication technology
Holy shit, are people on /biz/ actually this gullible? My god lol

>>1489798
Do you buy the homes then try to rent them out to long term tenants or do you rent out the other bedrooms to roommates?

>>1489977
Long term rentals for the most part. Also very active in college towns, but that's an entirely separate world to work in. Higher turnover, higher vacancy, more work, but much higher margins. Properly set up with a good property management company, both can be passive. It's more profitable to be involved, and manage both my own, and other properties though because I'm
intimately familiar with the market here.

Plus, by being involved with my own company I can keep my fingers in the general contractor market with a few salaried blokes who won't go anywhere because the pay is just too good and they only get run ragged for a couple weeks a year. There's some real money there for certain niches, and it's very low effort for what you get.

>>1489693
Seriously, I made a lot of money today.

Where can I find one of these?

>>1489806
>inherited 10m
>put in savings
>get $100k taken out of savings per year
>negative interest rates from yellen