re: How do I build passive income?

What do you do for your regular job?

There’s a market online for tutorial videos and courses. Make some quality YouTube videos to advertise courses for your field. Can be how to enter your line of work or professional development for active workers.

It’ll be more semi-passive, but there are people making tons of money off of tutorial channels/sites and all it takes is effort and quality.

I love threads like this as i'm thinking daily on how I can create additional revenue streams. I own a business and have a 5 figure sum sitting in a bank account that I want to do something with. I have thought of investing in a duplex as a first time real estate purchase, letting that materialize until I could build up capital to buy another duplex. Ultimately having the funds available to have several duplex's and then purchase a small apartment community after liquidating the duplex's. I've also thought about purchasing a FEDEX route or a bread truck route, but have read horror stories about those type of investments due to relying on someone else. There is so much opportunity out there that I haven't taken advantage of due to just not having time to complete my due diligence. I can't put the money into a Roth as I make too much money. I've thought about putting it into the stock market, but have a fear that the market is going to shrink faster than it's going to grow in the next year.

Threads like this give me ideas that I haven't thought of and perspective from other people. So, thank you to the MB for the replies. There's no quick way to earn cash flow right now so patience is your best friend.

read it

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I love threads like this as i'm thinking daily on how I can create additional revenue streams. I own a business and have a 5 figure sum sitting in a bank account that I want to do something with. I have thought of investing in a duplex as a first time real estate purchase, letting that materialize until I could build up capital to buy another duplex. Ultimately having the funds available to have several duplex's and then purchase a small apartment community after liquidating the duplex's. I've also thought about purchasing a FEDEX route or a bread truck route, but have read horror stories about those type of investments due to relying on someone else. There is so much opportunity out there that I haven't taken advantage of due to just not having time to complete my due diligence. I can't put the money into a Roth as I make too much money. I've thought about putting it into the stock market, but have a fear that the market is going to shrink faster than it's going to grow in the next year. Threads like this give me ideas that I haven't thought of and perspective from other people. So, thank you to the MB for the replies. There's no quick way to earn cash flow right now so patience is your best friend.

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#1

dont over leverage yourself. cash is king.

#2
profits via the nickerson methods come from improvements/creating value... not necessarily from price appreciation




if you are an investor... you pray for another "great depression".
if you have the cash ready... you jump head 1st into any such opportunity

Ive been wanting to purchase a few rentals... only thing that keeps me is seeing the occasional pains that come with it.

Good or bad renters can make it or break it. A good renter is a jewel.

Great question.

We earn an excellent living and save a lot, but we also work 50-60 hours per week at least (each). I am not sure if we have any spare time to even manage another rental property. We barely have enough time to manage our savings.

I guess another good question is how those of you with multiple income streams go from a salary job to having enough spare time to manage/contribute to other businesses. Or do you just blur the lines between family and business?

Time is the resource I seem to run out of and can’t seem to manage properly. I am getting tired in ways that sleep can’t help with - short tempered, unable to think about anything but work, etc. I need to unplug.

Maybe another rental property would be a nice distraction.

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currently pull in about 4K a month in royalties

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damn dude

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I have about 15 books on Amazon on topics ranging from Christian spiritual disciplines to romantic travel weekend trips in the South to the history of poorboys. I try to write a new book every six months. You can really build a big readership if you vary your subjects.

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Based on your posts here, I can only imagine the Amazon reviews. Share a link to your author's page with us, why don't cha?

Buy a 4 plex walking distance to a university. You’ll always have renters.

If I didn’t get your attention, batman, I’d stop posting altogether.