I saved a little bit of money. Since the stock market is low, I bought a few shares of a utility company. They earned a dividend of $13.13 for the last quarter. It’s not much. It’s a start.
People doing this are also doing these things:
Entries
I have a plan in action and I’ve just been introduced to the idea. Bob Proctor really inspired me to do this. I’ve been working on it for 4 months with positive results, but I won’t say it counts until my passive income is substancial enough to support me completely.
I have absolutely no idea how I am going to do this. One theory I had was to become a landlord, but I cannot afford any property on a student’s income.
Well, it’s not a stream yet, but I opened up an accumulation account (with deposit protection) and something will trickle from there in the next two or three months. In the meantime, I can take my time asking around for a good financial adviser and figure out where and when to invest.
P.S. Opened up a second one last week. It’s lame, but I really don’t have the time right now to figure out how to invest in stocks or equity fonds. The interest that will accrue over the next months actually equals the sum I usually spend on a vacation, so I consider it a lot of money, enough money anyway. For a start.
Well, I never put enough time or effort into developing websites for local businesses so that was a failed effort.
My aviation art sales never really got off the ground.
Still working on writing screenplays, will try to sell them in the future.
I have a mission that requires me not to be able to worry about trivial things like paying bills and payiing credit cards.
I want to be able to go where I need to go, do what needs to be done without giving up the the very best desirable lifestyle I deserve.
annhearts need to work on my goal, or my summer is dead!!!
I’m debating:
Full time job: Sales supervisor @ luxury goods store
Part time: NYC real estate sales? (taking class in March)
Part time: Personal Shopper (I need to fix my credit first)
Part time/Full time: Tee shirt line
*Also looking forward to flight lessons….
Wow, passive income sounds so nice! But right now, all I have are active streams of income! I work full time as Accountant, plus I have 3 bookkeeping clients on the side. I am going to try and sell on ebay and craigslist all the stuff that has been lying around my house. So far, those are the only things I can come up with. A friend recently approached me about selling her costume jewelry for her. Im going to try and do this thru etsy or ebay. Or buying a rental property comes to mind.
cj219 cant believe half the year is gone.
I created http://www.combatfattoday.com/ as a site to practice on. I am still working on it a bit. Right now I have a good starting point and hope for some adsence revenue and an affilate product sale or 2.
→ See all 99 entries
Ask for advice: Get help from people who've accomplished this goal
|
Milan
|
Jason asks,
“I want to get started on this goal, any recommended reading?”
— 6 months ago |
|
|
Washington, D.C.
|
Morning Song asks,
“I would really like to create passive income, but have never done so. How does one get started?”
— 14 months ago |
|
|
Canada
|
brighteyes82 asks,
“Has anyone actually tried one of those 'pyramid schemes'? Do they actually work or are they just a scam?”
— 20 months ago |
|
|
United States
|
~ John Lee ~ asks,
“what are other people doing to create passive income (besides real estate)?”
— 2 years ago |
|







