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November, 2024

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Passive Income

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Abomber22
Posts: 3053 - Karma: 5,254






What gigs/ side hustles are working for you?
With NFT , mining, other worldly ventures is this it, talking passive wherein you set it up and watch it grow

idk the above, and not looking for the next best thing, just wondering if you're being creative?


On the other side ( non passive/work)
is being a mechanic on weekends still a thing? any handyman gigs?














( let's count selling weed as it's own, cuz that's not a thing on NS)
May 5 2022 9:52AM
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oldmanski
Posts: 3324 - Karma: 23,954
I got 3 people, then they get 3 people and then those people get 3 people and so on. That seems to work for me. Tupperware is a big deal!
May 5 2022 10:17AM
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BingPow
Posts: 572 - Karma: 5,576
idk i wouldn't put side hustles into passive income. I'd consider having thousands and millions in the stock market and making more than 5-6% a year on that being passive income. Mining is definitely not passive and the amount of time and work that goes into having a successful crypto mining operation is insane and not something just anyone could do. With NFTs idk man, i don't get it. And yea being a mechanic on the weekends is still a thing. and i also don't get your selling weed comment because all my homies that sell/grow bud don't do it passively and watch it grow.
May 5 2022 10:17AM
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r00kie
Posts: 5238 - Karma: 59,580
Old Groomer doesn't know what passive means.
May 5 2022 10:51AM
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Abomber22
Posts: 3053 - Karma: 5,254
Thanks.
Weed comment was just trying to avoid a one word reply, nothing more

I was looking at the article and wondering if NS agreed that passive income wasn't a thing.

The long term investments are often mentioned, takes a sizable start to reap those later years, however
BingPowidk i wouldn't put side hustles into passive income. I'd consider having thousands and millions in the stock market and making more than 5-6% a year on that being passive income. Mining is definitely not passive and the amount of time and work that goes into having a successful crypto mining operation is insane and not something just anyone could do. With NFTs idk man, i don't get it. And yea being a mechanic on the weekends is still a thing. and i also don't get your selling weed comment because all my homies that sell/grow bud don't do it passively and watch it grow.
May 5 2022 10:54AM
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Abomber22
Posts: 3053 - Karma: 5,254
I was looking for some insight. There's so few ( other than Tupperware, and one still has to deal with inventory) that it seems to be a falsehood.

However, enlighten me, kind sir


r00kieOld Groomer doesn't know what passive means. And for that he should be ridiculed. Cuz, ya know he's old, man!!!!!!
May 5 2022 11:03AM
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iFlip
Posts: 4544 - Karma: 19,137
The first person who says they are involved in AMWAY should be perma-banned.
May 5 2022 12:30PM
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skierman
Posts: 8371 - Karma: 7,590
OP is talking about passive income when he's already taking in Social Security. LOLOL
May 5 2022 2:05PM
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snowfinder
Posts: 2885 - Karma: 34,217
screams trust fund.
May 5 2022 2:33PM
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Abomber22
Posts: 3053 - Karma: 5,254
True.
Put in the work previously

Fun fact Texas neither collects nor pays out SS
skiermanOP is talking about passive income when he's already taking in Social Security. LOLOL
May 5 2022 4:22PM
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WoFIowz
Posts: 9791 - Karma: 72,407
As said above that article doesn't understand the definition of passive income. Only thing I do that I'd consider as passive income is dividends. Been trying to shuttle more money into high yield dividend stocks the past few years. Slowly but surely will eventually have a meaningful return. Really wanna get a second home to start getting some rental income but that idea is being put on hold for at least 6-12 months as I had some financial setbacks. The ideal goal would be to retire early on rental income alone but that's gonna require a lot of effort and diligence to get there.

Savings accounts are technically passive income so then you could probably consider roboadvisors like Betterment passive income too by that rationale. Betterment is the tits.
May 6 2022 12:31AM
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theabortionator
Posts: 51744 - Karma: 163,523
I'm selling cutco knives and verve energy drinks. Let me know if you want to join my crew! To the moon!
May 6 2022 2:54AM
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freestyler540
Posts: 13110 - Karma: 18,927
Passive income, like having your parents buying 7 houses and they give you all the rent money? Then go around and complain about how the poor are lazy?
May 6 2022 6:16AM
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WoFIowz
Posts: 9791 - Karma: 72,407
Speaking of passive income, how is this any different than an REIT?

https://finance.yahoo.com/amphtml/news/jeff-bezos-increases-bet-single-134134037.html
May 19 2022 5:34PM
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WoFIowz
Posts: 9791 - Karma: 72,407
freestyler540Passive income, like having your parents buying 7 houses and they give you all the rent money? Then go around and complain about how the poor are lazy?

That would be the dream, except just ski all the time instead.
May 19 2022 5:35PM
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jompcock
Posts: 1539 - Karma: 11,477
More of a side hustle but once I have a bigger boat I wanna run fishing charters. Depending on how you look at it that could be passive since I'd likely be spending that free time fishing anyway but it would cover gas, mooring fees and hopefully some on top.

Also I'm decent at fiberglassing and woodworking so I buy boat hulls on the cheap, build them out and sell for profit to get something nicer. Each time is easier since you learn what to look for and can more easily tell what is worth fixing. Not something I'd do as a main source of income but it feels good to have a boat that's worth 5 times total cost of materials.
May 19 2022 6:27PM
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CLQ
Posts: 2709 - Karma: 11,261
Grow some plants, it literally grows out of the ground. Free moneh
May 19 2022 6:53PM
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Evantheshredster
Posts: 429 - Karma: 935
get yoself a couple corey and trevors to steal catalytic converters
May 20 2022 10:03AM
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ASAPCarter
Posts: 919 - Karma: 10,361
I purchase housing in mammoth lakes out from under the stoners and bums that have made this town go to shit. I then rent out these properties on Airbnb to wealthy families from Texas for $8,000 a week so they can have a beautiful vacation skiing greens and blues all day. $8k a week x 27 properties = $216k in revenue a week. Passive income!
May 20 2022 11:35AM
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TRVP_ANGEL
Posts: 12521 - Karma: 116,360
CLQGrow some plants, it literally grows out of the ground. Free moneh


I'm growing Opium!!!
May 20 2022 11:05PM
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TheMoostafian
Posts: 4504 - Karma: 9,435
I sit at home and shitpost on NS while my employees are at work
May 25 2022 1:20PM
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