There is no such thing as passive income

polecat

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IT's possible but you have to get a really good setup or get lucky for it to be possible for example lets say you buy £100 worth of shares all at £1 each in a company years from now the shares be worth say £2000 per share meaning you now in theory get steady share payment for life or goes up again so that could be possible route to get that idea in practice.

If you get a flat or house in the right area which people keep renting then that could give you a steady money a year as well.

Virtual Currency as well could give you that as well possibly.
 

ProfChaos

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I think a brick and mortar store can generate good passive income. Once established, you just have to hire someone to deal with the daily business.
 

IM Rider

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If you are a worker for paycheck most likely its not for you else you can do passive income.
 

SportsPredict

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Passive income is real, there'll always be something that is always demanded no matter what.
 

4440

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It's relatively passive, needs lots of invest in the beginning and still need to constantly invest after, maybe per months or year depending on your niche.
 

Nash Commerce

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Passive income for sure exists. I have it.

$850 / month at 21. By no means a big shot but it’s a great supplement to my active income.
 

MadDriver

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For 3 years i had apps on Google play making me good money from admob ads revenue, that's passive income, i do nothing beside paying for a Google play account, making the apps, choosing a non saturated profitable niche, wait a couple of months for the apps to get a decent amount of organic downloads and users and lay down and get a paycheck every month. Ofc later Google disabled my account and I moved to other projects but that was a great passive income method.
Why you were disabled?
 

Misan

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Passive income - without your presence money is being made.
it's not a myth - investment (crypto, stock, and bond) is the best example
Buy the dip and foggot. kinda
 

vedeus

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I think you meant people can' afford to pay a mortgage or no? If you meant real estate.

The first step when buying a property is to make sure that you will be cash-flow positive. Meaning, that ppl that pay you rent will cover your mortgage, property management company, and some extra for you.

Of course, many things can go wrong but real estate is passive income.

You are making some monthly money + yearly appreciation (depends) + getting more and more equity in that property month by month - so eventually it will be your own. When you have a certain % of the equity in that property - you can take a loan against it or something like that and build literally an empire. It takes work like everything else, but it can be passive income.

So yeah, but it's not easy as it sounds. You have to find a good - in best scenario undervalued - property. Improve it, find tenants, outsource the management and go about your life. And also, one point.. You need some reserve if something goes to shit.. For ex. if roof needs repair and etc.

I'm actually planning to buy one property this year so I'm really excited.
 

10zen

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Depends on your definition of passive income.
There are youtubers who makes passive income just making videos once in a while. Their initial videos brings them enough traffic to create passive income.

There are other affiliate website and stuffs and shit which provide recurring monthly income.
 

ramuite

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I use to buy websites for 5x monthly revenue on a popular websites marketplace and profited from them for like over 3-4 years before ranking dropped. This is passive income.
But now my method got killed by Amazon Associates and last month I bought some Guest Post for over $500 backlinks from fiverr and my website go deindexed. So SEO is dead for me.
 

MisterF

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TheVigilante

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1. Take credit.
2. Buy a apartment/house.
3. Rent it out for a price that covers your loan payment and operating costs.
4. Profit.
But during the pandemic people could not afford to pay rents what then?

A house is a liability not an asset
 

ramuite

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But during the pandemic people could not afford to pay rents what then?

A house is a liability not an asset
And what if tenants do the capturing of the house and don't pay rent. I would prefer to own Shares of companies and also real estate is very very hard to sell.
 
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