Any Idea to get passive income

[payal23j]

Is there anyone who know how to earn passive income with smart work, if you are comfortable to share the steps than only you can share.

 

[Octavia]

Well it's eventually passive income (affiliate marketing, recurring revenue)

 

[t2van]

Put money in stocks n shares that pay dividends.

 

[payal23j]

Put money in stocks n shares that pay dividends.

I already did that but looking from some business.

Well it's eventually passive income (affiliate marketing, recurring revenue)

Is affiliate still working?

 

[Octavia]

I already did that but looking from some business.


Is affiliate still working?

Yes, direct from sellers instead of through other networks

 

[INCC]

There really aren't many options besides stocks, crypto, or property if you are looking for something that generates passive returns.

Anything passive requires a substantial upfront investment.

You put $10K in SPY and make a 15% return in a good year. That is $1500 per year... is it really worth it? Likely not.

Even $100K is too small for stocks. If you are from India or Bangladesh, this might be a good return, but I can't see how I would be able to cover even my basic needs for $1000 per month.

 

[t2van]

I already did that but looking from some business.


Is affiliate still working?

No business is passive.


Even property costs you money. Stocks and shares with dividends only true passive.

 

[payal23j]

No business is passive.


Even property costs you money. Stocks and shares with dividends only true passive.

That's true but @INCC says that's right need ongoing income for your daily or monthly except savings.

 

[t2van]

That's true but @INCC says that's right need ongoing income for your daily or monthly except savings.

100k in stocks if you don't need it just keep reinvesting.

100k at 7% on average isn't bad for not doing anything..

 

[payal23j]

100k in stocks if you don't need it just keep reinvesting.

100k at 7% on average isn't bad for not doing anything..

Yep, I agree but still if you are a business person and always love to work and need some income on a daily basis or monthly than definitely you'll working. Even after investment people still love to work.

 

[t2van]

But you want passive. You know the difference yeah?

 

[payal23j]

But you want passive. You know the difference yeah?

Yeah I know the difference, as he describe both for which I am agree too..

 

[t2van]

Yeah I know the difference, as he describe both for which I am agree too..

Yeah but saving 100k is harder than saving 1m...

If you use compound intrest and dividends.

Theres no quick turn around.

Your one option. Maybe is buy established business but it's never automated.

All of my incomes comes from stocks and savings. I been lucky. It's tough. But that kind of passive requires time and investment

 

[payal23j]

Yeah but saving 100k is harder than saving 1m...

If you use compound intrest and dividends.

Theres no quick turn around.

Your one option. Maybe is buy established business but it's never automated.

All of my incomes comes from stocks and savings. I been lucky. It's tough. But that kind of passive requires time and investment

Right.