"Set and forget" Businesses ?

:cool:
This is exactly my though. :)

Basically, you can manage and outsource any project with enough funds. That counts as 'set and forget'.

Even if you have $10 mil to invest, you can't start a business and expect it to be set and forget.

Did Elon Musk? Did Jeff Bezos? Nope. They both work crazy hard.

What you *can* do is invest your money into an index fund and make 10-12% per year, so if you've got $5mil to invest, you can make about $500mil/year. Before taxes of course.


But then again, if you have millions , you don't need more money unless you are greedy.

This is just stupid. For so many reasons.
 
Hubpages is pretty good once you get some good performing articles. You don't have to do much after that.
 
Step 1: Buy BHW Jr. VIP and find the PayPal money generator in the Jr. VIP section.

Step 2: Now, buy a VPS server with 99 years of subscription (you can use the Age Generator in Jr. VIP section to find how long you will live and then, you can purchase for number of years accordingly but I would suggest - 99 years) and run the Paypal money generator there. Make sure you insert your Paypal address correctly and frequency of deposit as once per week/month.

Step 3: Receive money from Paypal in your bank account without even opening Paypal ever in your life as Paypal deposits money automatically.

3 steps and you're all set!

I think this is the best "Set and Forget" method. I hope it helps you. Cheers :)
 
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Start your own business and let other people take care of it?

This is also not possible.

How do you do it?

Who will run it? :-)

let's say I've got $10 million. I want to start a digital marketing agency.

Who is going to start this business for me? Who is going to do the research, the marketing, the sales, the design.

You're essentially hiring someone to "build a business".

You can't just hire some agency manager and expect him to build a business. You need to build it and put staff in key positions.

Large companies have CEOs, but even the CEO isn't there to build the company. There's a board of directors who appoint an executive team, who build and manage the company.

You could BUY an existing business, BUT, usually the business owner was the one who was running the company.

You might have a company that can run its self, but do you know how hard it is to have a company manage its self AND grow?

There's really no one out there who will run your company except you.

Anyone who CAN is generally already doing, and a CEO alone is not enough even if you could afford a top CEO.
 
I don't think it exists unless we are talking about investments in stocks and crypto.

Even then you need to be in the loop, you still have to check the news, rebalance portfolios, and so on.
 
these words ha, always those so call " IM Guru love to use , set and forget, or you don't do anything "

but the key is actually buying tons of ads and yes big budget , but got sales is another question.

actually the usual , landing page, capture email , than set pre set emails , per week auto sent out your offers to those subscribed.

there u go , so call " set and forget " literally you paying Ads for these " set and forget principals "
 
Uploading videos to youtube, set and forget. But your videos need views to earn money.
 
I pay a manager to look after rentals I go along to visits every 3-6months and pay for any upkeep my actual involvement with them is limited but not complete free (nor would I want it to be) that's about as close I think you can get to set and forget business.

I don't know why you would want to "forget" about any business really.

@FUTUR TIM that only really applies IF you are the one who is investing your self. If you don't care or have the time do it you let a fund manager take care of it all for you that's what your paying them for at the end of the day.
 
There is no such 100% Set & Forget
 
And the fund manager makes you what, 13%?

I'm talking about doubling or tripling your money here.

Yeah so watching the markets like that for them kind of gains is hardly going to be a "forget" kind of business is it? (not arguing that point) more so about if you want to double your money like that your going to be watching the markets close and selling rather quickly - otherwise your left with nothing or owing money..
 
There are no such business
But, if you want you can deposit your money to bank double, triple scheme. you will get your money back after certain period. ( True set and forget)

Buy Crypto or Invest in share market. ( one kind of set and forget)


You can open a company and let others run it. but still there is something you need to take care.


or Send all your money to me, you will never get it back ( True Set and Forget)
( joking)
 
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actually Yes, bot trading. You don't bother or need to see chart just make sure the bot is running
but again still not say set and forget as still need to make sure the bot is running

so literally Still need to monitor, do work as Human
and yea a lot already say no such thing set and forget tactically.
 
" Whatever you pay attention to grows" do not settle for such business model.

Some on the top of my mind are.
1. Fixed deposits in banks, you get a decent 6% / year interest & its all auto.
2. Buy a land & lease it. ( dont build things, or you have to invest some of ur time for maintenance stuffs ).

Other investments you need to be on the watch or you know what happens when u put ur trust on other person & do not check on them.
 
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