I have $20,000 to spend, I dont think there is a way for me to make $50 passive income per day from it

At such budget many crypto projects launching daily that offer to pay you up to $500 daily.

Even dex token farm usually pay around 0.3% daily which would be for you $60 daily.

Have you decided where to invest because I am thinking in similar direction to want to diversify my passive income streams?

Hey, you can come to Egypt . nowadays the bank has an investment certificate for 18 % profit for one year so you can invest safely

quicksilver1121 said:

Or to double it safely in a year. I am pretty realistic.

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Buy assets to make it double.

learn paid traffic.

You can give it to me, I can give 2X back within 30 minutes.

koliman said:

you cannot make some decent money from binance staking ? But there is always risk!

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He can't make $50 per day. Sometimes launchpads and launchpools pay well but it's not a stable income.

xShot said:

The safest options would be CD's, high-yield savings account, or blue chip growth funds (VTSAX, VGT, etc). That being said, I would personally advise you not to invest in stocks at this time considering the current state of the market and looming recession.

The high-risk high-reward options would be penny stocks, crypto moon shots, hitting the casino after a few shots of fireball and betting all on red, etc. Hell, you can even buy a pre-existing website on Flippa that is generating revenue, but 9 times out of 10 the numbers are inflated/artificially pumped up so it's just as risky.

The common sensible option would be to invest in that money into starting your own online business. $20k is enough to outsource everything in the beginning (website creation, hiring VA's, etc) and even save some $$$ for a rainy day.

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Hi,
What do you mean by CD's?

Rootsy said:

If I had $20K, I would start a WISP + residential proxies business. Of course, your success will depend on your location and ability to learn new things fast, but $50/ day is realistic with this business model.

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What about Spain?

I have 38 android phones.

Merchant payment facilities.

And eager to start something new

Jono987 said:

What about Spain?

I have 38 android phones.

Merchant payment facilities.

And eager to start something new

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I didn't know residential proxies were that profitable.

To be honest, the only real way to do this with a sliver of certainty would be to buy and resell physical goods, as the profit margins on many are super high.

The problem with this is, it's a lot more difficult than other avenues, especially if you're not using dropshipping (prohibited on Ebay) and have to store/deal/ship your own inventory.

I've been in that game before, and while it does require quite a bit of footwork, I was easily able to start making 1500-2k a month in my first venture by finding a few good products from china to resell. I actually ended up scaling up quick to about 4-6k a month in net sales (with 60% profit margins) because I had such a monopoly on my niche. Could have made way more, which is my biggest regret looking back. Once you find a goldmine, scaling and desire are your only obstacles.

quicksilver1121 said:

Or to double it safely in a year. I am pretty realistic.

Click to expand...

i have one idea
if you intersted then talk me
my whatsapp number:- +917061130423

huuh bro go & get some world tour pkgs & enjoy

thescrrr said:

learn paid traffic.

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It's not good for beginners.

Take 1.5k from the 20k (now u have 18.5k left) do some product research - take 5 products - order few creatives - run tiktok ads - you should be able to find a good product that you can make 10k$ profit with in 90 days or so

Take 3k from that 10k -> test 10 more products -> keep doubling down

With $20000, you can easily start making $50 pr more. You can do so by acquring some good adsense Or Amazon earning blog on flippa.

quicksilver1121 said:

Or to double it safely in a year. I am pretty realistic.

Click to expand...

crypto minning is the right option u can easily make with 50 per days

quicksilver1121 said:

Or to double it safely in a year. I am pretty realistic.

Click to expand...

in my case.. buy some car and use it as a travel or rent it to other people...
income daily 30 60usd.
i spent 10k usd to buy car.. and rent it.
but it's depending on wich country you stay