Topic: Passive Income Sources - page 3. (Read 356 times)
Passive income is never really passive. Real states, stocks, bonds, other properties,... everything requires you attention at the end of the day. The most interesting fact is how the different economic classes have a very different distribution of assets. Middle class tend to have their living place as main asset, while wealthy people tend to have stocks and "other", such as art.
Does rental count? Idk if it can even be considered rental tbh, there's something called "scholarship" in the nft scene, most abundant in the Axie infinity community where you basically let others play for you, and the profit is split depending on how much you want it to be. There's close to no way it could get stolen since the account is bound to your wallet, so without your permission, the account cant necessarily be touched. Other than that, I've also tried selling templates and guides online, letting people who want to watch pay for it.
Here's a good one although you're going to need a lot of money to make some decent passive cashflow, what I'm talking about is Index funds, they're like stocks that you don't have to manage yourself but performs much better than an actively managed funds. It's not crypto but it's a pretty good one if you want to increase your passive income stream.
Passive income is all well and good, but sometimes it is worth thinking about capital appreciation, if it is going to be higher than passive income.
On passive income we can distinguish two types: the assets you create and the assets you buy.
If you write books, you have to work to create them, but once they are written they give you passive income in the form of royalties. The same could apply to youtube videos, for example.
The assets you buy could be dividend paying stocks, or rental houses, for example. But here it is worth thinking that if you expect a stock like JNJ to give you an average of 10% per year of your investment between capital appreciation and dividends (passive income) and that the Bitcoin will easily give you 50%, surely you will be better off buying Bitcoin.
The point is that you will do better financially in life if you create or acquire assets than if you spend it all. It doesn't necessarily have to be passive income.
On passive income we can distinguish two types: the assets you create and the assets you buy.
If you write books, you have to work to create them, but once they are written they give you passive income in the form of royalties. The same could apply to youtube videos, for example.
The assets you buy could be dividend paying stocks, or rental houses, for example. But here it is worth thinking that if you expect a stock like JNJ to give you an average of 10% per year of your investment between capital appreciation and dividends (passive income) and that the Bitcoin will easily give you 50%, surely you will be better off buying Bitcoin.
The point is that you will do better financially in life if you create or acquire assets than if you spend it all. It doesn't necessarily have to be passive income.
On the average, millionaires have 7 sources of passive income. Share your streams of passive income as this may help a reader build more wealth.
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