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Misc.Aug 26, 2019
Amazonretire!

Passive income success stories

I am looking for ways to generate passive income to prepare for early retirement. Appreciate any and all advice/recommendations/guidance, etc. Please share your success stories. Thank you!

Salesforce ldkIKnfll Aug 26, 2019

Follow techlead!!

Amazon retire! OP Aug 27, 2019

Sorry. Could you please elaborate?

Salesforce ldkIKnfll Aug 27, 2019

There is a youtuber called techlead. He got fired yesterday due to having a side business. Watch his latest video where he talks about side businesses.

Amazon yacht 🛥 Aug 27, 2019

He didn’t get fired yesterday lol

Square sink or sq Aug 26, 2019

Real estate. It works. It takes some time and energy. I found the process of learning about it fun and rewarding.

VMware cpow Aug 26, 2019

Could you share more info please?

Amazon retire! OP Aug 27, 2019

Are you taking about commercial real estate?

Amazon gDVc56 Aug 27, 2019

I agree. Real estate is a proven passive income generator.

Oath BIDU Aug 27, 2019

I do an extra 150k a year with automated trading

Amazon OlAl28 Aug 27, 2019

How the fuck?

Target RND-GUID Aug 27, 2019

On what balance though? If we're talking 1.5M that isn't too out of bounds

Twitter applecider Aug 27, 2019

For how many years has this worked?

Sunrun joan Aug 26, 2019

Buy stocks when they’re low and undervalued, sell when high

Salesforce ldkIKnfll Aug 27, 2019

Doesn’t always work. Hard to predict the market.

Snapchat tahcpans69 Aug 27, 2019

lol

Oracle aduck🦆 Aug 27, 2019

^^lol

Amazon ptJP08 Aug 27, 2019

Some tips that have worked for me: Focus on tangible assets (homes, apartments, farm land, developable land). Once you acquire an asset, act as if you never bought it. Don’t spend any of the cash flow, just buy more tangible assets. Apply conservative leverage. Don’t succumb to lifestyle inflation. Success story: Started real estate investing 2 years ago. I’ve been involved in the acquisition of 900+ units in the US, just under 100 units of development, some international farmland, and some international development land. Good luck! Let me know what route you take, I’m always curious to see what others are doing.

Microsoft zorQW77 Aug 27, 2019

What was the revenue and profit you gained from these investments?

Amazon ptJP08 Aug 27, 2019

It depends how you look at it (IRR, ROE, and un/levered each of those). If you want actual numbers we can chat more but in general my taxes have been effectively 0, my leverage risk is tied to non-recourse loans, and my returns are between 20-30% YoY

Apple EdenFruit Aug 27, 2019

Are you talking commercial crowdsourcing?

New
ponytail11 Aug 26, 2019

Nothing flies without a good kick, so your “passive” income will be only as good as the kick you will give it. Better kick needs more time. But even with a greatest kick eventually money will be lost unless you are involved, as “passive” doesn’t work.

Amazon @rrr Aug 27, 2019

You must be a manager

Amazon CeoExtra Aug 27, 2019

You know nothing John Snow

Zillow Group tsmA Aug 27, 2019

Yeah the last 30-40 years of S&P growth begs to disagree. Sure there are some passive investments that fail, but the vast majority of well diversified investments have historically thrived.

Amazon CeoExtra Aug 27, 2019

I have $10k in savings account from which I earn $220/year passively.

Microsoft PuMT64 Aug 27, 2019

and how much so you pay as taxes ?

Facebook GxrR33 Aug 27, 2019

F

Intuit disrespect Aug 27, 2019

Lol @GxrR33 ... Paying respects!!!

Visa Jdmfe Aug 27, 2019

Lets use DP to buy low sell high

Oath BIDU Aug 28, 2019

I didn’t know people that work at visa are this funny

Amazon starlord* Aug 27, 2019

I have done 5 startups besides working in large companies. I am generating passive income from “selling put and call options” and “e-commerce Shopify store”. Both of them requires work and patience to build-out. You can make around $100k from option writing with seed capital of $100k+ if you know what you are doing. SHOPIFY varies a lot depending on what niche you are playing

Microsoft zorQW77 Aug 27, 2019

What Shopify niches did you try? I tried a couple and failed in both. Didn’t lose money but a great deal of effort went in to not have any gain

Amazon starlord* Aug 27, 2019

Blind is not that Blind :) so I don’t want to reveal details here as that way my profile can easily be connected to my name. Send me private message. Thanks

Apple EdenFruit Aug 27, 2019

O want to here about your opinion writing. Making $100k with $100k doesn't sound possible.

Oracle larrys_mom Aug 27, 2019

Bang Silicon Valley elite divorcees for money. Easy.

Uber MrMephist0 Aug 28, 2019

Or approach founders for free sex, record the conversation and take photos, then approach their spouse’s attorney with the evidence in exchange for a % of the inevitable divorce settlement?