Anyone here into passive investing (of their time)? - page 2.

Mauser

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Quote from: Poker Player on February 13, 2023, 10:07:11 AM

I have relatively passive investments like buying stocks or Bitcoin to hold, but in terms of time invested, in terms of work, I've always done active work.

I've been thinking about in the future starting some project that can bring me passive income once the work is done and so I'm curious to see if some of you do such work and/or what ideas you have about it.

Normally the problem with work that can bring you passive income in the future is that you have to be working for 0 for a some time to possibly monetize it in the future, so it is better to be focused on a topic that you are passionate about and do not mind devoting free hours because you may spend a year or more on the project and end up monetizing nothing or very little.

Buying crypto currencies and stocks to HODL is a good investment strategy, but it is really a form of passive investing? It's true that we don't need to invest much time into our trading activities and can just forget about our holdings, but these investments won't create much passive income for us. When it comes to passive investing I always thought it's about finding assets that create us a steady passive income, instead of making money on the rise in price. That is why crypto currencies are not a good tool to make a passive income portfolio. Same goes for stocks, the majority of stocks don't have a lot of dividends they are paying out. We would need to focus on the stocks with a high regular cash flow and strong business model so that they keep paying out dividends each year. For me the best form of passive investing would be to buy an apartment and rent it out, receiving monthly rent payments would be very steady monthly income for which we can plan ahead many years.

doomloop

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Quote from: Smartprofit on February 16, 2023, 06:35:48 AM

I heard a story about a CFO who owned a large stake in her company.

When she was fired from the company, the first thing she did was to sell all her shares. When asked why she did it? - She answered - that she invests only in those assets, the fate of which she can influence. There is some wisdom in this ....

Even if we are talking about passive income (for example, renting out real estate), we still need to constantly monitor the situation on the real estate market, repair and maintain the premises, look for new tenants and take other active actions .

A person must earn his bread by actively working - this is taught by the Christian Bible.

Passive income is not completely passive, a person still has to work.

It's funny how the ex-CFO asked on why she sold his shares but what's the point of holding them if she is already out of the company? But, the move that she did there can also act as a revenge to that same company that fires her. That company might also be suffering right after she sold all his stakes.

Karma hit them real quick. When we invest we don't just invest and careless but a constant monitoring about our investment is necessary so that we can take adequate actions depending on its flow. Investing on real estate is only hard because some things are still needed but that isn't experienced in crypto and other investment assets.

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I heard a story about a CFO who owned a large stake in her company.

When she was fired from the company, the first thing she did was to sell all her shares. When asked why she did it? - She answered - that she invests only in those assets, the fate of which she can influence. There is some wisdom in this ....

Even if we are talking about passive income (for example, renting out real estate), we still need to constantly monitor the situation on the real estate market, repair and maintain the premises, look for new tenants and take other active actions .

A person must earn his bread by actively working - this is taught by the Christian Bible.

Passive income is not completely passive, a person still has to work.

The Sceptical Chymist

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Blaaaaah....I think OP is way overthinking the concept and application of passive investing. I get the writer vs. surgeon argument, but writing a book still doesn't qualify as passive in my mind--the only thing that does is when your money is working for you rather than you working to make it. Dividends, business investments where you don't have an active role in the company, staking coins, etc. Those all pass the sniff test for meeting the definition (again, in my ever-so-humble opinion that's how I see it).

And then there's the question of whether any of us are into OP's scenario. I'm definitely not. I gotta bust my ass raw to make a dolla an' a cent, and I'm not joking. I wish I had enough spare scratch to invest in something that produces a sweet return. Maybe one day, but it seems like the clock is ticking a lot faster these days.

Going to see therapist now, bye.

Fesatmas

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Quote from: AmoreJaz on February 15, 2023, 06:59:44 PM

Quote from: Davian144 on February 15, 2023, 04:59:13 AM

Quote from: Pejoh Asu on February 15, 2023, 02:10:07 AM

A few years ago I got passive income from Google adsense, at that time I had several blogs with good visits so earnings from adsense could be 5x greater than my monthly salary, unfortunately I didn't focus on taking care of the blog and making rankings on search engines go down then it's gone, I made a site since school and about 3 years started to get earning which I think is satisfactory.

What surprised me about your story is why you didn't focus on taking care of your blog properly, even though you have already felt the results and it's also very extraordinary because the results from your Google Adsense blog can beat your own monthly salary. But for some reason you don't take care of it anymore and prefer to look for something else, even though it's clear that everyone is always looking for big income in an easier way so that the focus can be maximized.

you have to understand at some point people got burned out with what they are doing even if you say they are earning good income from that side job. just take for example, those people who quit their high paying jobs. you will think that why would they quit if they already have it? sometimes it is the stress, the environment and other factors that people quit their respective jobs.

Yes, that's right, not a few people who have felt money from any business or business that is higher than their salary ignore it. I wouldn't say it's laziness, but for myself, I feel it all, things that are more profitable are sometimes not as interesting as what is our regular job. I really understand that this kind of thing should be overcome by our desire to move forward, but believe me we have thoughts like that after all is gone.

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Quote from: justdimin on February 15, 2023, 04:39:30 PM

Quote from: Davian144 on February 15, 2023, 04:59:13 AM

Quote from: Pejoh Asu on February 15, 2023, 02:10:07 AM

A few years ago I got passive income from Google adsense, at that time I had several blogs with good visits so earnings from adsense could be 5x greater than my monthly salary, unfortunately I didn't focus on taking care of the blog and making rankings on search engines go down then it's gone, I made a site since school and about 3 years started to get earning which I think is satisfactory.

What surprised me about your story is why you didn't focus on taking care of your blog properly, even though you have already felt the results and it's also very extraordinary because the results from your Google Adsense blog can beat your own monthly salary. But for some reason you don't take care of it anymore and prefer to look for something else, even though it's clear that everyone is always looking for big income in an easier way so that the focus can be maximized.

I used to have a blog too and I stopped as well and I can tell you my reason, no idea why he stopped but I am guessing it could be a similar reason as well. First of all, it requires a lot of work to keep doing it, even if you end up writing just one post per day, that is a lot of work, and most share multiple posts a day, there are big websites that posts 10 posts a day, you are competing against these people and having even one blog post per day is hard, 10 is near impossible for a single person, if you have multiple websites, calculate how much more posts.

Secondly these other companies and websites spend a lot more on marketing, so you have to spend more as well, and that causes a trouble as well and you can't afford it. So, it becomes near impossible to fight against these giants, and even when you work and spend money, you may end up not getting much in return.

Well there are two battlefields you can fight on; you can either fight on Google search pages or you can fight on social media platforms.

The one you choose will determine where you get your views from.

In particular, the fight for views with the latter route takes place on one or more social media platforms that you choose. But it is important to not think about money at all while you are trying to get users, otherwise you will derail the whole process.

Recently I have made some efforts to revive my own website, by working on a new template, but more importantly it will be primarily focused on the Youtube channel I just have sitting doing nothing. From text-only posts to text & video posts.

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If we talk about passive income, then I can say that my spouse rents out a room that is currently being used as a store. This is not a lot of money, which you can be financially independent, nevertheless, it is a good addition to the overall budget.

Plaguedeath

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Quote from: AmoreJaz on February 15, 2023, 06:59:44 PM

you have to understand at some point people got burned out with what they are doing even if you say they are earning good income from that side job. just take for example, those people who quit their high paying jobs. you will think that why would they quit if they already have it? sometimes it is the stress, the environment and other factors that people quit their respective jobs.

His past job was become a blogger which is there's no pressure since all the control will depends on him, he can write anywhere, so environment factor is really wrong here. Having a any jobs will have a stress, people who have no jobs have a stress too. I believe he's the main problem why his blog is gone, if he keep learning and don't get satisfied with his result, I'm sure his blog is still survive and make money until now.

Quote from: justdimin on February 15, 2023, 04:39:30 PM

there are big websites that posts 10 posts a day, you are competing against these people and having even one blog post per day is hard, 10 is near impossible for a single person, if you have multiple websites, calculate how much more posts.

Secondly these other companies and websites spend a lot more on marketing, so you have to spend more as well, and that causes a trouble as well and you can't afford it.

Now it's possible for one person to create 100 articles per day because we have ChatGPT Cheesy

Many sites even copy pasting from the other articles and put the original source on the bottom, so it's not a plagiarism anymore and not broke copyright law.

DOH!

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Passive income is basically the same as creating multiple other sources of income at the same time. Surely most will look for more passive income generating channels to support the main work in times of crisis like today because: passive income - less working time, less labor but creating wealth accumulated assets. My priority is to invest in bitcoin, gold, long-term securities for passive income, have friends introduce tiktok, sell online but it's not suitable for my work time.

Quote from: BitDane on February 15, 2023, 07:08:41 PM

Most of the passive income is created by money investment.

Yup. Passive income can be generated by investing more labor. Passive earning channels like Tiktok, youtube, etc. are channels that need to invest more time, attention and effort.

BitDane

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Most of the passive income is created by money investment. If we invest on stocks and some company that gives dividends. Same goes when we buy Bitcoin as what @OP state or other token that have a staking program just like Biswap and other cryptocurrency that had been running a staking program for years now.

Quote from: AmoreJaz on February 15, 2023, 06:59:44 PM

Quote from: Davian144 on February 15, 2023, 04:59:13 AM

Quote from: Pejoh Asu on February 15, 2023, 02:10:07 AM

A few years ago I got passive income from Google adsense, at that time I had several blogs with good visits so earnings from adsense could be 5x greater than my monthly salary, unfortunately I didn't focus on taking care of the blog and making rankings on search engines go down then it's gone, I made a site since school and about 3 years started to get earning which I think is satisfactory.

What surprised me about your story is why you didn't focus on taking care of your blog properly, even though you have already felt the results and it's also very extraordinary because the results from your Google Adsense blog can beat your own monthly salary. But for some reason you don't take care of it anymore and prefer to look for something else, even though it's clear that everyone is always looking for big income in an easier way so that the focus can be maximized.

you have to understand at some point people got burned out with what they are doing even if you say they are earning good income from that side job. just take for example, those people who quit their high paying jobs. you will think that why would they quit if they already have it? sometimes it is the stress, the environment and other factors that people quit their respective jobs.

True there are people who gets tired of doing stuff again and again and they look for other option because they gone tired of making content every day. It happen because it is not the passion of the person, if it is the passion of a person, he wil never leave it since he has been earning and doing what he wanted the most.

AmoreJaz

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Quote from: Davian144 on February 15, 2023, 04:59:13 AM

Quote from: Pejoh Asu on February 15, 2023, 02:10:07 AM

A few years ago I got passive income from Google adsense, at that time I had several blogs with good visits so earnings from adsense could be 5x greater than my monthly salary, unfortunately I didn't focus on taking care of the blog and making rankings on search engines go down then it's gone, I made a site since school and about 3 years started to get earning which I think is satisfactory.

What surprised me about your story is why you didn't focus on taking care of your blog properly, even though you have already felt the results and it's also very extraordinary because the results from your Google Adsense blog can beat your own monthly salary. But for some reason you don't take care of it anymore and prefer to look for something else, even though it's clear that everyone is always looking for big income in an easier way so that the focus can be maximized.

you have to understand at some point people got burned out with what they are doing even if you say they are earning good income from that side job. just take for example, those people who quit their high paying jobs. you will think that why would they quit if they already have it? sometimes it is the stress, the environment and other factors that people quit their respective jobs.

milewilda

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Quote from: Davian144 on February 15, 2023, 04:59:13 AM

Quote from: Pejoh Asu on February 15, 2023, 02:10:07 AM

A few years ago I got passive income from Google adsense, at that time I had several blogs with good visits so earnings from adsense could be 5x greater than my monthly salary, unfortunately I didn't focus on taking care of the blog and making rankings on search engines go down then it's gone, I made a site since school and about 3 years started to get earning which I think is satisfactory.

What surprised me about your story is why you didn't focus on taking care of your blog properly, even though you have already felt the results and it's also very extraordinary because the results from your Google Adsense blog can beat your own monthly salary. But for some reason you don't take care of it anymore and prefer to look for something else, even though it's clear that everyone is always looking for big income in an easier way so that the focus can be maximized.

Bad decisions in life could really happen and this is where people do end up on regretting later on just because they had just missed out that opportunity.Unless there are things which they could regain it back but depending if ever it would be still a hit or had been totally forgotten.We know that even trying out to getting accepted or approved by Adsense is never been that easy.If you do see some results or progress then it is really that a huge mistake that you would really be just refocus into other things and leave it behind until you do realize that it was really that wrong on what you had done.
We are all looking for passive income which it would be understandable that we would really be doing our best to be financially free or earning more than with our main job.

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Quote from: Davian144 on February 15, 2023, 04:59:13 AM

Quote from: Pejoh Asu on February 15, 2023, 02:10:07 AM

A few years ago I got passive income from Google adsense, at that time I had several blogs with good visits so earnings from adsense could be 5x greater than my monthly salary, unfortunately I didn't focus on taking care of the blog and making rankings on search engines go down then it's gone, I made a site since school and about 3 years started to get earning which I think is satisfactory.

What surprised me about your story is why you didn't focus on taking care of your blog properly, even though you have already felt the results and it's also very extraordinary because the results from your Google Adsense blog can beat your own monthly salary. But for some reason you don't take care of it anymore and prefer to look for something else, even though it's clear that everyone is always looking for big income in an easier way so that the focus can be maximized.

I used to have a blog too and I stopped as well and I can tell you my reason, no idea why he stopped but I am guessing it could be a similar reason as well. First of all, it requires a lot of work to keep doing it, even if you end up writing just one post per day, that is a lot of work, and most share multiple posts a day, there are big websites that posts 10 posts a day, you are competing against these people and having even one blog post per day is hard, 10 is near impossible for a single person, if you have multiple websites, calculate how much more posts.

Secondly these other companies and websites spend a lot more on marketing, so you have to spend more as well, and that causes a trouble as well and you can't afford it. So, it becomes near impossible to fight against these giants, and even when you work and spend money, you may end up not getting much in return.

Davian144

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Quote from: Pejoh Asu on February 15, 2023, 02:10:07 AM

A few years ago I got passive income from Google adsense, at that time I had several blogs with good visits so earnings from adsense could be 5x greater than my monthly salary, unfortunately I didn't focus on taking care of the blog and making rankings on search engines go down then it's gone, I made a site since school and about 3 years started to get earning which I think is satisfactory.

What surprised me about your story is why you didn't focus on taking care of your blog properly, even though you have already felt the results and it's also very extraordinary because the results from your Google Adsense blog can beat your own monthly salary. But for some reason you don't take care of it anymore and prefer to look for something else, even though it's clear that everyone is always looking for big income in an easier way so that the focus can be maximized.

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Quote from: examplens on February 14, 2023, 03:27:26 PM

for something to be called passive income or investment, I think that some kind of profit would have to come periodically without affecting the initial investment. at least in theory.

That is the classic definition. Typical would be a stock that pays you dividends, but whether an investment is more passive or less passive depends on how much time you spend on it.

If you are a landlord of 100 properties and you don't work on them at all, but you hire people to run them, meeting with them maybe a couple of times a year to review accounts, you have a more passive investment than if you have two properties and you are the one who is on the phone, the one who is in charge of going when there is a problem, preparing the house when the tenants leave and others are coming, etc.

Normally a large amount of capital makes it much easier for the investment to be more passive.

As for Bitcoin, and following what I have explained, you can also get passive income, which would not be what is called typically passive income, but it does not take more work than a few clicks.

I don't know about you, but I prefer to have passive income from Bitcoin, which gives me a return of 100% per year on average or more, than from a stock that pays dividends and gives me a net 5%, or -7%.

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A few years ago I got passive income from Google adsense, at that time I had several blogs with good visits so earnings from adsense could be 5x greater than my monthly salary, unfortunately I didn't focus on taking care of the blog and making rankings on search engines go down then it's gone, I made a site since school and about 3 years started to get earning which I think is satisfactory.

examplens

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Quote from: Poker Player on February 14, 2023, 02:18:01 PM

Quote from: Volgastallion on February 14, 2023, 02:04:40 PM

I think a lot of you have some missunderstading not only in what the OP say and want, but also because HOLDING ITS NOT A PASSIVE INCOME.

No, I have no misunderstanding. Someone who buys bitcoin at $20k and sells partially at $40k, $60, $100k etc gets passive income, as he just has to click.

perhaps the most unclear term here is "passive investment", rather "passive income" perhaps. I certainly wouldn't call bitcoin holdings "passive" whatever.
if someone buys a house for $100k and after a year sells it for $150k. is it a passive investment?
also, after that final click, maybe there is some fiat profit, but what about the further growth of bitcoin? and what if in a year you can no longer buy 1btc, but only 0.8btc? is it then a passive investment or a missed moment of conversion to fiat?
for something to be called passive income or investment, I think that some kind of profit would have to come periodically without affecting the initial investment. at least in theory.

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I think musicians are like that too, like you release a song but every time people listen to it, you make money as well, plus when you have a concert, people will ask for that song, so the more you have, the better chance you can have songs people will listen to everyday. Books of course like that I agree, software is like that too in a way.

I mean you have to sell it, but if it is good enough, you work and build it once, then upload and then people will pay for it forever if it is good. Those type of stuff are quite important and you would be lucky to do that, but these are all things that require you to be very good at what you do, you can't be a terrible one and still make a lot of money just because you did it.

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Quote from: Volgastallion on February 14, 2023, 02:04:40 PM

I think a lot of you have some missunderstading not only in what the OP say and want, but also because HOLDING ITS NOT A PASSIVE INCOME.

No, I have no misunderstanding. Someone who buys bitcoin at $20k and sells partially at $40k, $60, $100k etc gets passive income, as he just has to click.

As for stocks the same thing. Typically dividend paying stocks are considered passive income but if you have a stock that pays 3% a year but loses value at 5% a year you are better off buying an S&P 500 index fund for an average 10% annual return and making partial sales in bull markets.

You are not going to tell me that making two clicks to obtain income is active, are you?

Quote from: hyudien on February 14, 2023, 12:26:30 PM

Over the past few years, from 2015 to 2019 I have been involved in various fields such as blogger, fiction book writing, being a content creator on YouTube (in the internet world), as for other business fields in the real world, I once opened a screen printing business specifically for music band logos. and I also had time to work with several bands abroad but that didn't last long because the pandemic immediately destroyed my work.

How went those projects?

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I think a lot of you have some missunderstading not only in what the OP say and want, but also because HOLDING ITS NOT A PASSIVE INCOME.

And a lot others say things about agricultural lands, man if you are not going to lease that soil to another to produce and sell the production and after that you take a part of that, its not passive if you sow work and harvest, no matter if the plant took 5 year to make to his full growth, in that time you spend work and time.

A singer can have a lot of passive income with the royalties of his songs for all his life. A lot of composer live of this. THAT ITS PASSIVE INCOME AFTER YOUR WORK.

Topic: Anyone here into passive investing (of their time)? - page 2. (Read 498 times)