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lol just fukin lol @ people who don't have passive income
02-21-2017, 12:31 AM
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#211
02-21-2017, 12:37 AM
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#212
Here's my absolute best advice and I hope the whole thread reads it. Some of you have seen my other posts on here and might take my word for it because of that.
The best, most achievable and effective 'passive income' is just going to be stock returns, which should be automatically re-invested into more stocks.
All other avenues mentioned in here are great, but not the most effective if your goal is to be wealthy. Your primary effort should go into your primary job, performing the best you can there to either get raises, promotions, or something good to put on your resume for the next position at another company you take and negotiating that income.
If you take:
Person A)has a job, and uses extra mental energy after work to create passive income via say eBay sales, or something similar to increase income.
and
Person B)has a job, uses all available mental energy to over perform at his job, puts achievements on his resume, and puts mental energy into networking for his next job. Then due to his better resume, negotiates a 20% better income than his last job. Then, uses a "lazy 3 fund portfolio" investing strategy, which barely takes ANY mental energy to learn and use and lets his paychecks go into stocks.
Person B is going to become far wealthier over time.
There are exceptions to everything but it's smart to follow the most likely path. Yes, use stocks, but main focus should go into networking and any additional effort into researching better jobs. Forums are actually a great way to connect with people and learn where to look for your next step.
/career advice. That's all you need.
Next step to make it in life is learn how to improve yourself in relationships and improve your relationships/fix mistakes/have healthier relationships.
The best, most achievable and effective 'passive income' is just going to be stock returns, which should be automatically re-invested into more stocks.
All other avenues mentioned in here are great, but not the most effective if your goal is to be wealthy. Your primary effort should go into your primary job, performing the best you can there to either get raises, promotions, or something good to put on your resume for the next position at another company you take and negotiating that income.
If you take:
Person A)has a job, and uses extra mental energy after work to create passive income via say eBay sales, or something similar to increase income.
and
Person B)has a job, uses all available mental energy to over perform at his job, puts achievements on his resume, and puts mental energy into networking for his next job. Then due to his better resume, negotiates a 20% better income than his last job. Then, uses a "lazy 3 fund portfolio" investing strategy, which barely takes ANY mental energy to learn and use and lets his paychecks go into stocks.
Person B is going to become far wealthier over time.
There are exceptions to everything but it's smart to follow the most likely path. Yes, use stocks, but main focus should go into networking and any additional effort into researching better jobs. Forums are actually a great way to connect with people and learn where to look for your next step.
/career advice. That's all you need.
Next step to make it in life is learn how to improve yourself in relationships and improve your relationships/fix mistakes/have healthier relationships.
02-21-2017, 12:48 AM
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#213
claims to be ceo'ing but guy doesn't have a computer for 5 months. ok.
first post on this cuck's site, dividenddigger dot com (lol not linking your **** website):
FEBRUARY 19, 2017 / ACE / 4 COMMENTS
"Its been a good little break I had since Ive been out of a computer for the last 5 months. And well now that I finally have one again, I thought it would be appropriate to give you all an update on my dividend income, net worth, as well as any thoughts on whats to come ahead in my journey of building up dividend income so I can one day quit the rat race."
lol just lol
first post on this cuck's site, dividenddigger dot com (lol not linking your **** website):
FEBRUARY 19, 2017 / ACE / 4 COMMENTS
"Its been a good little break I had since Ive been out of a computer for the last 5 months. And well now that I finally have one again, I thought it would be appropriate to give you all an update on my dividend income, net worth, as well as any thoughts on whats to come ahead in my journey of building up dividend income so I can one day quit the rat race."
lol just lol
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02-21-2017, 01:15 AM
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#214
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Originally Posted By RobParks2M⏩
I'm guessing you don't know much about computers, technology, or how most of those programs for thoe phones/apps work.So you post a vid where you ONLY need 60+ smartphones/devices to make $1,700 a month by keeping all devices going 24/7 with random apps n stuff? You somehow believe that is passive and doesn't require much start up money?I save my negs for people who derail legitimate threads of value. The topic at hand is at least worth discussion despite OPs possible lack of credibility. I enjoy getting the opinions of multiple people and seeing the experiences others have had with their investments. I keep an eye on a couple of other "passive" renters who post fairly complex details of their business who are 100% honest about the need to have a full team to keep things going (handyman, lawyer, and a couple cogs in the machine). I enjoy seeing OP's progress in the dividend game so I value his opinion in that regard because that is his focus area.
@OP I appreciate the response. Obviously my situation is a little more complex trying to determine if houses in the area will continue appreciating or not and all the other things that go into it, but that was a solid thought given the parameters. Unfortunately she doesn't want others living with us and it isn't really "splitting" when the 2 of us share our combined incomes lol.
@OP I appreciate the response. Obviously my situation is a little more complex trying to determine if houses in the area will continue appreciating or not and all the other things that go into it, but that was a solid thought given the parameters. Unfortunately she doesn't want others living with us and it isn't really "splitting" when the 2 of us share our combined incomes lol.
There are tons of ways to acquire cheap phones and tablets. The reason why he's using mostly those is because they consume very little electricity. Most of the apps he's referring to require zero attention by you or very little (check on them once every few hours). The only large recurring expense he would have is his internet bill which would be around $60-100/month. Even if his initial capital is $500. That is still about $20K annually for doing almost nothing. That's a decent chunk of change.
If you are a real nerd and know some programming... it should be quite easy to make 50-100K abusing those app programs.
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"The soul becomes dyed with the color of its thoughts." - Marcus Aurelius
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02-21-2017, 01:19 AM
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#215
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Originally Posted By HughBMyron⏩
Smart phones no. Computers yes, but it depends on what he considers a computer. There are definitely a ton of low power computer options out there. The data usage for streaming video is huge but most plans offer an unlimited option for $30-50 more dollars.I actually just saw that video and browsed that guys thread.
Didn't see where he talks about data capping by providers and energy consumption,Because i'd imagine his 5 computers and 60 smart phones makes his energy bill/data bill skyrocket.
Another way is buying/sell. Browse Kijiji/Craigslists. Look around Mondays (after weekends when broke people need to sell their chit asap)
If you learn a product/market you can make decent money buying/selling goods.
Didn't see where he talks about data capping by providers and energy consumption,Because i'd imagine his 5 computers and 60 smart phones makes his energy bill/data bill skyrocket.
Another way is buying/sell. Browse Kijiji/Craigslists. Look around Mondays (after weekends when broke people need to sell their chit asap)
If you learn a product/market you can make decent money buying/selling goods.
"There's a fine line between salvation and drinking poison in the jungle." -Gym Jones
"The soul becomes dyed with the color of its thoughts." - Marcus Aurelius
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02-21-2017, 01:31 AM
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#216
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Originally Posted By RobParks2M⏩
Hours of your time? At most it would require 1 hour a day to monitor.But that is the thing. In June an hour of my time will be worth $50+ an hour. I don't want to spend hours and hours working on stuff I would rather find something that is legitimately passive that I can manage with a couple hours a year like dividend + DRIP or maybe a REIT. The vending machine thing definitely sounds legit, but I am not trying to find something to turn into a full time gig. Buffet found something better than vending machines doe; he had pinball machines that cost nothing to maintain. Smart man at age 12 lol
For a bunch of people on this forum that probably don't have a crap ton of money laying around or don't want to risk decent sums of money to make money ... the video is perfect for them. Low risk, low capital, scalable, and solid returns. If the average person on this forum is making 30K ... they're dang near doubling there income.
"There's a fine line between salvation and drinking poison in the jungle." -Gym Jones
"The soul becomes dyed with the color of its thoughts." - Marcus Aurelius
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02-21-2017, 06:12 AM
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#217
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Originally Posted By Muddschell⏩
lmao none actually...I am just totally fascinated at the stocktwits stream and the amount of delusion going on from the bulls. Also fascinated on how a company can reverse split 4-5x every year and not get delisted.How much money did you lose in DRYS so far?
However when speaking about FRO.....I don't even want to admit how much was lost in that shipping company
02-21-2017, 06:23 AM
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#218
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Originally Posted By SmokeyNYY⏩
hnnngYeah you are right.
Passive income is the way to go
100 g's a year in dividends is pretty tight
upload image online free
Passive income is the way to go
100 g's a year in dividends is pretty tight
upload image online free***Strong 2nd Reply Crew***
02-21-2017, 06:36 AM
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#219
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Originally Posted By Hadtodoit⏩
agree/disagree brah I think it comes down to personal preference but how many years are you going to spend on plan B than plan A?Here's my absolute best advice and I hope the whole thread reads it. Some of you have seen my other posts on here and might take my word for it because of that.
The best, most achievable and effective 'passive income' is just going to be stock returns, which should be automatically re-invested into more stocks.
All other avenues mentioned in here are great, but not the most effective if your goal is to be wealthy. Your primary effort should go into your primary job, performing the best you can there to either get raises, promotions, or something good to put on your resume for the next position at another company you take and negotiating that income.
If you take:
Person A)has a job, and uses extra mental energy after work to create passive income via say eBay sales, or something similar to increase income.
and
Person B)has a job, uses all available mental energy to over perform at his job, puts achievements on his resume, and puts mental energy into networking for his next job. Then due to his better resume, negotiates a 20% better income than his last job. Then, uses a "lazy 3 fund portfolio" investing strategy, which barely takes ANY mental energy to learn and use and lets his paychecks go into stocks.
Person B is going to become far wealthier over time.
There are exceptions to everything but it's smart to follow the most likely path. Yes, use stocks, but main focus should go into networking and any additional effort into researching better jobs. Forums are actually a great way to connect with people and learn where to look for your next step.
/career advice. That's all you need.
Next step to make it in life is learn how to improve yourself in relationships and improve your relationships/fix mistakes/have healthier relationships.
The best, most achievable and effective 'passive income' is just going to be stock returns, which should be automatically re-invested into more stocks.
All other avenues mentioned in here are great, but not the most effective if your goal is to be wealthy. Your primary effort should go into your primary job, performing the best you can there to either get raises, promotions, or something good to put on your resume for the next position at another company you take and negotiating that income.
If you take:
Person A)has a job, and uses extra mental energy after work to create passive income via say eBay sales, or something similar to increase income.
and
Person B)has a job, uses all available mental energy to over perform at his job, puts achievements on his resume, and puts mental energy into networking for his next job. Then due to his better resume, negotiates a 20% better income than his last job. Then, uses a "lazy 3 fund portfolio" investing strategy, which barely takes ANY mental energy to learn and use and lets his paychecks go into stocks.
Person B is going to become far wealthier over time.
There are exceptions to everything but it's smart to follow the most likely path. Yes, use stocks, but main focus should go into networking and any additional effort into researching better jobs. Forums are actually a great way to connect with people and learn where to look for your next step.
/career advice. That's all you need.
Next step to make it in life is learn how to improve yourself in relationships and improve your relationships/fix mistakes/have healthier relationships.
Why not both? plus sky is the limit with plan A and plan b you run the risk of losing that job plus you're on W-2.
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02-21-2017, 07:01 AM
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#220
- InstantLoser
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Originally Posted By ashin1⏩
If a significant time investment is required to get started, it isn't "passive". Maybe eventually it becomes that (or minimal maintenance/effort) but getting into real estate isn't passive.. running a YouTube channel is not passive (videos don't make themselves).. Investing, maybe.. but you have to know what to invest in, and you need to stay on top of your investments, which means it's not passive. Not sure what you're referring to with e-books. If you mean writing an e-book, again.. not passive. What ad revenue? Ads for what? How again is this passive?real estate
ad revenue
youtube
income investing
e-books
ad revenue
youtube
income investing
e-books
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02-21-2017, 07:05 AM
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#221
02-21-2017, 07:12 AM
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#222
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Originally Posted By ChaseW⏩
the bar is set really low around hereOnly on the misc will a dude, who lives in a fuking canadian trailer, that his parents loaned him the money for, brag about how hard hes stylin on everyone. Only the misc.
02-21-2017, 07:13 AM
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#223
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Originally Posted By InstantLoser⏩
of course there will be work that needs to be done initially, you think passive income takes zero effort to actually get started? i got sum bad newzzIf a significant time investment is required to get started, it isn't "passive". Maybe eventually it becomes that (or minimal maintenance/effort) but getting into real estate isn't passive.. running a YouTube channel is not passive (videos don't make themselves).. Investing, maybe.. but you have to know what to invest in, and you need to stay on top of your investments, which means it's not passive. Not sure what you're referring to with e-books. If you mean writing an e-book, again.. not passive. What ad revenue? Ads for what? How again is this passive?
Originally Posted By ChaseW⏩
i detect someone who depends solely on active income would say something like this lolOnly on the misc will a dude, who lives in a fuking canadian trailer, that his parents loaned him the money for, brag about how hard hes stylin on everyone. Only the misc.
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02-21-2017, 07:22 AM
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#224
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Two houses, full-time job that pays around $65k CAD plus a business I set up from a hobby that now pays me approx $55k CAD per year, add onto that the magazine money for my articles on various subjects (they just print my blogs) which is about $65 CAD a week. Am I playing the game OP?
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02-21-2017, 07:23 AM
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#225
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Originally Posted By hutch6⏩
mayne das itTwo houses, full-time job that pays around $65k CAD plus a business I set up from a hobby that now pays me approx $55k CAD per year, add onto that the magazine money for my articles on various subjects (they just print my blogs) which is about $65 CAD a week. Am I playing the game OP?
curious how passive the business is doe
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02-21-2017, 07:26 AM
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#226
02-21-2017, 07:31 AM
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#227
02-21-2017, 07:32 AM
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#228
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Originally Posted By ashin1⏩
Not very to start out with initially but once the main bit is out of the way (hard graft) I get paid to effectively walk my dog and enjoy the great outdoors.mayne das it
curious how passive the business is doe
curious how passive the business is doe
If you can't accept me at my worst then you don't deserve me at my best - Adolf Hitler
02-21-2017, 07:39 AM
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#229
02-21-2017, 07:44 AM
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#230
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Originally Posted By DumpsterFire⏩
Sent you a PM requesting info!On top of my business which I run full time I own a bunch of vending machines at different locations. Seriously the easiest money I've ever made. I stock them full once a month and collect the money. Make a 50 percent or more profit on every item
02-21-2017, 07:51 AM
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#231
- cncman
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capital gains are a bitch and the market is due to correct
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02-21-2017, 08:01 AM
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#232
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Slot machines are passive right?
This fool's running a Honda 2000
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02-21-2017, 08:23 AM
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#233
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Originally Posted By iceman****165⏩
I get the most out of life being outside among the wildlife, always have, now I get paid to do it I might not be making millions but I feel like a millionaire as I'm getting paid to do something I absolutely enjoy every minute of and this will only increase further as I'm planning on setting up another hobby as a business which means I'm living my dream for a few years before actually living my dream of becoming a farmer and living off the fat of the land. Might not be retired by the time I'm 45 but I'll be off the grid and it won't feel like work.The joy is enjoying your 30s 40s 50s 60s 70s by sacrificing your 20s. Even if you dont make 70s, you still have 40 decades to live life on easy mode.
Most low iq plebs impulsive plebs, cant acquire capital and knowledge in their 20s because they are average nobodies who fall for the consumerism trap.
Most low iq plebs impulsive plebs, cant acquire capital and knowledge in their 20s because they are average nobodies who fall for the consumerism trap.
The best thing of all is I have the most wonderful girlfriend who is on the same plan as me so we are both loving every minute together.
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02-21-2017, 08:28 AM
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#234
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Originally Posted By Maestro⏩
$20k? What could you invest in with that?To make any real money from real estate it requires waaaay too much devotion almost to the point that its a full time job which is not practical for those of us with a traditional job and in school, and everything else you listed only pays pennies at a time or is too volatile as a reliable source of passive income.
the only people I know with legitimate passive income that they don't have to work for it are guys with rich parents that gave them $20k to invest.
the only people I know with legitimate passive income that they don't have to work for it are guys with rich parents that gave them $20k to invest.
02-21-2017, 08:40 AM
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#235
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Originally Posted By ashin1⏩
Yeah, I ain't taking advice from someone who writes like this...i seena book called the lazy investorseenit had good reviews
02-21-2017, 08:47 AM
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#236
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Thanks for this thread OP, mirin' the discussion it created.
02-21-2017, 09:12 AM
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#237
02-21-2017, 09:18 AM
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#238
02-21-2017, 09:21 AM
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#239
02-21-2017, 09:26 AM
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#240
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Originally Posted By Hadtodoit⏩
Not bad advice but you are coming at it from one angle. An angle where you will be working for someone.Here's my absolute best advice and I hope the whole thread reads it. Some of you have seen my other posts on here and might take my word for it because of that.
The best, most achievable and effective 'passive income' is just going to be stock returns, which should be automatically re-invested into more stocks.
All other avenues mentioned in here are great, but not the most effective if your goal is to be wealthy. Your primary effort should go into your primary job, performing the best you can there to either get raises, promotions, or something good to put on your resume for the next position at another company you take and negotiating that income.
If you take:
Person A)has a job, and uses extra mental energy after work to create passive income via say eBay sales, or something similar to increase income.
and
Person B)has a job, uses all available mental energy to over perform at his job, puts achievements on his resume, and puts mental energy into networking for his next job. Then due to his better resume, negotiates a 20% better income than his last job. Then, uses a "lazy 3 fund portfolio" investing strategy, which barely takes ANY mental energy to learn and use and lets his paychecks go into stocks.
Person B is going to become far wealthier over time.
There are exceptions to everything but it's smart to follow the most likely path. Yes, use stocks, but main focus should go into networking and any additional effort into researching better jobs. Forums are actually a great way to connect with people and learn where to look for your next step.
/career advice. That's all you need.
Next step to make it in life is learn how to improve yourself in relationships and improve your relationships/fix mistakes/have healthier relationships.
The best, most achievable and effective 'passive income' is just going to be stock returns, which should be automatically re-invested into more stocks.
All other avenues mentioned in here are great, but not the most effective if your goal is to be wealthy. Your primary effort should go into your primary job, performing the best you can there to either get raises, promotions, or something good to put on your resume for the next position at another company you take and negotiating that income.
If you take:
Person A)has a job, and uses extra mental energy after work to create passive income via say eBay sales, or something similar to increase income.
and
Person B)has a job, uses all available mental energy to over perform at his job, puts achievements on his resume, and puts mental energy into networking for his next job. Then due to his better resume, negotiates a 20% better income than his last job. Then, uses a "lazy 3 fund portfolio" investing strategy, which barely takes ANY mental energy to learn and use and lets his paychecks go into stocks.
Person B is going to become far wealthier over time.
There are exceptions to everything but it's smart to follow the most likely path. Yes, use stocks, but main focus should go into networking and any additional effort into researching better jobs. Forums are actually a great way to connect with people and learn where to look for your next step.
/career advice. That's all you need.
Next step to make it in life is learn how to improve yourself in relationships and improve your relationships/fix mistakes/have healthier relationships.
What if person A does not do the ebay hustle but uses his off time to write software and then takes it to market? Are you so sure person B will be better off?
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