Great job, note the home upsizing works only in appreciating housing markets (I’ve done a similar this in CA but it was 7 years same home to gain almost 500k profit which is around the govt cap for tax-free home profits. What a gift! Thanks booming economy and generous govt taxation on home profits). Those proceeds bought our next house cash and invested the remainder in domestic stock (which has been equally profitable).
Investing in real estate: Investing in real estate offers more passive income cash potential - but more risk - than investing in stocks or bonds. You'll need substantial amounts of cash to invest in buying a home -- it usually takes 20% down to land a good home mortgage loan. But history shows that home prices usually rise over time, so buying home a for $200,000 and selling it for $250,000 over a five-year time period, for example, is a reasonable expectation when investing in real estate.
When creating a membership site, always offer different plans and pricing tiers to appeal to your different categories of audience. Access to specific types of content is then dependent on the plan selected by a member. Membership fees can be a one-off payment or a repeat subscription. And you can even sell products on your membership site to boost your income.
You could also opt to use existing websites for making money. These include both active income and passive income methods. For example, you could sell some used items or invest in creating some digital designs that then can be sold on merchandise. Again, devote a sizable portion of your time to passive income so that you can slowly build up earnings that will arrive on autopilot without any extra added effort.
17. Amazon – Have you heard of FBA? It stands for “Fulfilled by Amazon” and it’s getting pretty popular. Basically, you buy products (in bulk is best) and ship them to Amazon for them to store. When your products sell, Amazon packs them up, ships them out and sends you the money (after taking their cut). There are people making a full-time living from FBA, while others just do it for some extra money.
5. Make sure you are properly diversified. Capital preservation is underrated. We saw a lost decade for tech stocks between 2000 and 2010 after the first dot-com bubble burst. It actually took 13 years for Nasdaq investors to get back to even. Investors in the Borsa Istanbul stock market index just gave up 10 years' worth of gains after they saw a plunge in their currency, partially due to increased tariffs by the US and a lack of confidence in the government. Your passive income needs to be properly diversified in order to take the hits.
That’s my plan. No kids, no spouse, parents deceased. I’ll never be able to retire. On PSLF, but forgiveness not approved until 120th payment. Many are not being forgiven now. I take courses to stay in deferment. FedLoan bases payment on gross; not net. How does that make any sense?! After bills I can’t afford the payment. I have 3 grad degrees. Was supposed to be a psychologist. APA & NCE won’t accept my 15yo degrees for the national exam. So I teach at a CC. Over 180,000 in debt now and it grows monthly.
It works essentially the same way as the phone apps do above. If you don’t care to let Google know what you do on a daily basis, you can make money from home by letting them monitor your Internet usage. They use the information they gather to help them market/increase the functionality of their advertising programs when targeting users that are similar to you.
No one knows your hometown like you do, and you can translate that into cash by leading tours of your city. The website vayable.com allows you to set up and guide tours around a particular cultural experience. If you’re the foremost expert on ghost stories, beer, architecture, or crime (or anything else!) in your town, then you can start leading tours for people who want to hear your stories.
If you live near a university, there are likely all sorts of research studies looking for participants. While I was an undergrad at Virginia Tech, I got paid $500 to participate in a 6-week dietary study. The study provided all my meals and paid me, but I had to eat a 5,000 calorie diet of 50% fat for 6 weeks, plus I had multiple muscle biopsies, urine/blood testing, etc.
You can potentially make even more money by offering to handle snow removal in the winter. Shoveling snow is often a homeowner's least favorite job, and there are many homeowners who simply cannot handle their own shoveling because of physical limitations. Typically, snow removal companies charge a flat fee for the winter, no matter how many times it snows. You can offer to remove snow a la carte, or you can copy the standard procedure and charge a flat rate. If you already own a snowblower (or can invest in one), this can help you speed up the snow removal process and allow you to take care of multiple neighbors each time it snows. (A snowblower will also save your back muscles!)
It’s one of the oldest and most proven ways to make money – buy low, sell high. The buy low part comes from searching garage sales, estate sales, and even thrift stores to find items that are in good condition (“gently used”) but selling well below what they would if they were brand-new. In this way, you might be able to acquire an item for $5, and later sell it for $50.
Ask yourself how many hours a week do you spend sitting in silence, coming up with an idea and working on your idea? We’re so busy with our jobs that our childhood creativity sadly vanishes at some point in our lives. There are food bloggers who clear over $15,000 a month. There are lifestyle bloggers who make over $10,000 a month while living in Thailand. And there are even personal finance bloggers who’ve sold their sites for multi-millions.
No one should turn down wind farming’s ultimate passive income for the next 30 or more years … even 60 years when there is a positive cash flow on the sum total of all base payments when computing inflation for the next 60 years based on the previous 60 years, as long as the next era’s energy resource is not perfected (at which time they would not renew the option for the second 30 years).
And ThunderCock… design isn’t just logo design. It’s brand development. Without it, there wouldn’t be major companies being recognized in their commercial standing in the world. IE. Nike, Microsoft, Apple, American Express, etc. Without brand identity, they would just be another company in the field with nothing noteworthy except the fine-print that the consumer will not read out-right . Brand identity combined with strategic marketing methods make for strong company understanding to the consumers. Without consumers, thees companies would be nothing.
Another option: Consider starting your own real estate investment group. This is a great way to team together with other small investors, either via pooling your money together or simply by learning from eachother. According to Joseph Hogue, CFA from PeerFinance101.com, “The common bond in all real estate investing groups is that you help each other compete against the big money players to get the best returns.”
Cafe Press: This website allows you to create digital designs that can then be sold on the platform. You'll earn a commission for everything that sells and you'll never have to deal with logistics like printing, warehousing and customer service. If you have some graphic design skills, then this is a great potential source for your web-based income.