Easiest path to $8000 annual passive income?

>>1703117
You would need about 200k in cash and an investment that nets you a 6% return on average. You reinvest 2 of that 6% (to offset inflation) and can keep the 4%, or $8k.
I don't believe you will have to pay tax on that but you also won't qualify for EIC or Social Security.

>>1703131
How realistic is a low-risk 6% return? Also, easiest way to $200k with a high school education? My thoughts are trucker or pipeline worker or fisher or something like that. I can keep 100% of my gross income.

>>1703136
of my net income * lel

>>1703136
trade football cards i went to my cousins house once with no cards and convinced them to give me a card for free then they were so bored that i traded up to their bests cards

do that but with real life ok

>>1703143

I need more details on this card scheme

>>1703136
>i can keep 100% of my gross income
plan on buying nothing and living like a hermit or a leech for a decade?

>>1703163
Hermit + leech
Although I'll probably be working 12 hours/day while I accumulate the capital I need, so not exactly hermit.

>>1703169
If you plan on saving 100% then your income to 200k will determine the time necessary to get to the passive income needed.

20k income per year = 8-10 years unless you are extremely lucky.

I am saving about 60-70% per year and It will still take me another 5-10 years.

>>1703181
Truckers make $40k/year net, so more like 5 years.