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Old 12-16-2018, 09:14 PM
 
994 posts, read 717,559 times
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A completely turnkey operation rarely if ever exists, but hey who doesn’t love thinking about free money?

ATMs, laundromats, vending machines. I’m sure other posters have read about how these can work as good passive streams of income. I’m also sure some posters with actual experience in these fields might hope on here and debunk them as not passive as all. So I’ll 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 you’ve heard of something and would like to know more post that too
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Old 12-17-2018, 12:17 AM
 
650 posts, read 277,502 times
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How in the name of Zeus is owning a laundromat or tending to vending machines "passive"? Are you aware of what that word means?
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Old 12-17-2018, 11:05 AM
 
1,091 posts, read 680,156 times
Reputation: 1676
The only completely passive income I am aware of is to own fixed income: CD's and bonds.
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Old 12-18-2018, 05:49 AM
 
6,917 posts, read 3,120,859 times
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Commercial real estate that is managed by a third party.
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Old 12-18-2018, 06:12 AM
 
3,072 posts, read 2,459,490 times
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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.
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Old 12-18-2018, 09:40 AM
 
994 posts, read 717,559 times
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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. I’ve read that’s 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.
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Old 12-18-2018, 10:12 AM
 
Location: Phoenix
1,111 posts, read 1,014,453 times
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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.
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Old 12-18-2018, 10:15 AM
 
994 posts, read 717,559 times
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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 I’m doing the same thing.
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Old 12-23-2018, 11:51 AM
 
3,206 posts, read 1,066,852 times
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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.
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Old 01-09-2019, 03:08 PM
 
498 posts, read 162,189 times
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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.
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