U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics > Business
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
 
Old 12-16-2018, 10:14 PM
 
767 posts, read 535,347 times
Reputation: 420

Advertisements

A completely turnkey operation rarely if ever exists, but hey who doesnít love thinking about free money?

ATMs, laundromats, vending machines. Iím sure other posters have read about how these can work as good passive streams of income. Iím also sure some posters with actual experience in these fields might hope on here and debunk them as not passive as all. So Iíll state upfront that I have no idea how passive any of these businesses actually are.

So feel free to mention in this thread what forms of passive income prove to be just that and how passive they are. Ways of achieving supplemental or hey even full-time income are never bad to hear about. Lived experience is preferred but if youíve heard of something and would like to know more post that too
Quick reply to this message

 
Old 12-17-2018, 01:17 AM
 
447 posts, read 175,419 times
Reputation: 550
How in the name of Zeus is owning a laundromat or tending to vending machines "passive"? Are you aware of what that word means?
Quick reply to this message
 
Old 12-17-2018, 12:05 PM
 
609 posts, read 282,606 times
Reputation: 943
The only completely passive income I am aware of is to own fixed income: CD's and bonds.
Quick reply to this message
 
Old 12-18-2018, 06:49 AM
 
4,586 posts, read 1,877,647 times
Reputation: 14354
Commercial real estate that is managed by a third party.
Quick reply to this message
 
Old 12-18-2018, 07:12 AM
 
2,221 posts, read 1,899,543 times
Reputation: 4987
Many people will say Multi-Level Marketing can create passive income. Not true and even if does happen, you will spending your income alone as your friends and family will be avoiding you like the plague.
Quick reply to this message
 
Old 12-18-2018, 10:40 AM
 
767 posts, read 535,347 times
Reputation: 420
Quote:
Originally Posted by MinivanDriver View Post
Commercial real estate that is managed by a third party.
True, if you have enough liquidity to purchase the properties to begin with. Then you have to be careful with how much it costs to pay the third party to manage it for you. Iíve read thatís not worth it to get a third party until you have at least 5 units to rent. Although that is all subject to variables. Like if the unit brings in enough money even one could make sense, but if your margins are razor thin, but you know how to manage properties even 10 units may not make sense to get a third party.
Quick reply to this message
 
Old 12-18-2018, 11:12 AM
 
Location: Phoenix
952 posts, read 834,605 times
Reputation: 661
Is strategizing your 401k portfolio count?

I put minimal 401k contribution in the last 8 months. Now market is in correction so time to increase the contribution.
Quick reply to this message
 
Old 12-18-2018, 11:15 AM
 
767 posts, read 535,347 times
Reputation: 420
Quote:
Originally Posted by kent_moore View Post
Is strategizing your 401k portfolio count?

I put minimal 401k contribution in the last 8 months. Now market is in correction so time to increase the contribution.
Hehe Iím doing the same thing.
Quick reply to this message
 
Old 12-23-2018, 12:51 PM
 
1,445 posts, read 374,791 times
Reputation: 2038
Quote:
Originally Posted by kent_moore View Post
Is strategizing your 401k portfolio count?

I put minimal 401k contribution in the last 8 months. Now market is in correction so time to increase the contribution.
Not yet. The Fed keeps raising rates. The correction is far from over.
Quick reply to this message
 
Old 01-09-2019, 04:08 PM
 
129 posts, read 27,480 times
Reputation: 210
Not a true hands off residual income but it's decent enough as far as I was concerned. I owned an independent auto and home insurance agency for about 5 years. I had enough clients that I didn't have to sell anymore and was just riding on the residual income/renewals. Once in awhile I had to do some customer services when clients call or email me.
Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


 

Quick Reply
Message:
Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics > Business
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2019, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top