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Forum » Ideas for passive income (115k)
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Thread: Ideas for passive income (115k)

post 1562018681 09-24-2018, 08:16 AM
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Ideas for passive income (115k)

Whatsup *******s.

So I am working full-time at the moment around 45 hours a week, have two days off, one of those days I do private maths tuition (maths graduate checking in) with 2-3 students for 2 hours each. And the other day off I like to chill / relax.

My question is: Is there some way to start making some passive income, even if it's only small amounts, basically things that don't require me to spend that much time on, because at the moment, I don't really have that much free time.

Something maybe I could learn quickly as opposed to weeks and weeks of studying.

Will rep all serious answers.

Thanks.
post 1562018801 09-24-2018, 08:18 AM
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Originally Posted By AquilaConfido⏩
Something maybe I could learn quickly as opposed to weeks and weeks of studying.
Seeing as how you're the OP...


G4P is your only option
‾\_(ツ)_/‾
post 1562018981 09-24-2018, 08:20 AM
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Gloryhole consultant
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post 1562019061 09-24-2018, 08:21 AM
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judging by your avi, g4p would be perfect
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post 1562019131 09-24-2018, 08:22 AM
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Tax season is right around the corner. Get your qualifications . Brother in law works 3 months during that time with a full time job and rakes in about 17k for the season.
post 1562019171 09-24-2018, 08:23 AM
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g4p
biddies in tracksuits
post 1562019291 09-24-2018, 08:24 AM
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If you tutor students at your house, you could set up an LLC as the tutoring company and then, as a landlord, charge the LLC rent for the portion of the building where the tutoring takes place (effectively receiving the tutoring income as rental income, which is taxed as passive income).
post 1562019371 09-24-2018, 08:26 AM
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Originally Posted By 401Delta⏩
If you tutor students at your house, you could set up an LLC as the tutoring company and then, as a landlord, charge the LLC rent for the portion of the building where the tutoring takes place.
Then pay taxes on the tutoring income along with paying taxes on the "rental" income.

Seems like a lot of work for no benefit brah
‾\_(ツ)_/‾
post 1562019481 09-24-2018, 08:27 AM
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Originally Posted By wailshark⏩
Seeing as how you're the OP...


G4P is your only option
Originally Posted By pehzan⏩
Gloryhole consultant
Originally Posted By psai⏩
judging by your avi, g4p would be perfect
Originally Posted By sdmk⏩
g4p
Sounds like you guys are very experienced in the advice you're giving.
Originally Posted By OffwhiteBrah⏩
Tax season is right around the corner. Get your qualifications . Brother in law works 3 months during that time with a full time job and rakes in about 17k for the season.
Not sure I want to work in tax.
Originally Posted By 401Delta⏩
If you tutor students at your house, you could set up an LLC as the tutoring company and then, as a landlord, charge the LLC rent for the portion of the building where the tutoring takes place (effectively receiving the tutoring income as rental income, which is taxed as passive income).
I tutor at the students' houses.
post 1562019681 09-24-2018, 08:29 AM
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Originally Posted By wailshark⏩
Then pay taxes on the tutoring income along with paying taxes on the "rental" income.

Seems like a lot of work for no benefit brah
There would be no tax paid on the tutoring income as the LLC would be able to deduct the rent paid against the tutoring fees received. It costs $350 to set up an LLC.
post 1562019691 09-24-2018, 08:30 AM
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Invest?
Work hard
Enjoy yourself
Do the right thing
Compound your interest
post 1562019871 09-24-2018, 08:31 AM
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g4p
post 1562020311 09-24-2018, 08:36 AM
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Originally Posted By AquilaConfido⏩
I tutor at the students' houses.
When you said 'passive income', I was under the impression that you were trying to limit the amount of payroll tax you were paying on the additional income. What you're looking for would be more accurately described as 'investment income'.
post 1562020471 09-24-2018, 08:38 AM
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Passive income is income resulting from cash flow received on a regular basis, requiring minimal to no effort by the recipient to maintain it.

Straight from Wikipedia.

Note: I don't want to invest any money, that's not what my OP was about.
post 1562021001 09-24-2018, 08:45 AM
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Originally Posted By AquilaConfido⏩
Passive income is income resulting from cash flow received on a regular basis, requiring minimal to no effort by the recipient to maintain it.

Straight from Wikipedia.

Note: I don't want to invest any money, that's not what my OP was about.
It defines passive income as only coming from two sources:rental activityor "trade or business activities in whichyou do not materially participate.

Since you don't want to invest any money, aren't interested in renting out property that you own and you can't materially participate in any source of the income...you're flat out of options.
post 1562021171 09-24-2018, 08:47 AM
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Location: London

How much do you make annually out of curiosity ?

Btw, I remember you were a romanian brah. I think the country is recovering so have you thought about saving the pounds and investing in your home country (way easier to start a business/ buy real estate there) ?
communist until you get rich
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post 1562021251 09-24-2018, 08:49 AM
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g4p, it's not called "passive" income for nothing
post 1562021771 09-24-2018, 08:57 AM
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Originally Posted By atgbrahsrs⏩
Location: London

How much do you make annually out of curiosity ?

Btw, I remember you were a romanian brah. I think the country is recovering so have you thought about saving the pounds and investing in your home country (way easier to start a business/ buy real estate there) ?
Been in the UK for 20+ years, left Romania when I was 10 years old, I'm a stranger there, know practically nothing about the country anymore.
post 1562022141 09-24-2018, 09:02 AM
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Landlord
ok
post 1562022151 09-24-2018, 09:02 AM
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Go jizz in a cup.
post 1562022271 09-24-2018, 09:03 AM
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G4p
post 1562022311 09-24-2018, 09:04 AM
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Too much time and too much money isnt a good thing.
:/
post 1562022351 09-24-2018, 09:04 AM
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not sure if it has been mentioned but I would highly suggest g4p
no crew crew
post 1562022511 09-24-2018, 09:06 AM
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Originally Posted By dingler⏩
not sure if it has been mentioned but I would highly suggest g4p
Do you have experience in this?
post 1562022621 09-24-2018, 09:08 AM
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Originally Posted By psai⏩
judging by your avi, g4p would be perfect
Yeah but he'd be the one paying
See Shakebrah's sig
post 1562022811 09-24-2018, 09:10 AM
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Originally Posted By SuperHercules⏩
Yeah but he'd be the one paying
Says a no avi.
post 1562022911 09-24-2018, 09:11 AM
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I mean if you know how to draw/make digital art you can upload to a site like redbubble. If people buy stickers, shirts, hoodies, etc. of your art you can make some money
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post 1562022961 09-24-2018, 09:12 AM
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Originally Posted By AquilaConfido⏩
Passive income is income resulting from cash flow received on a regular basis, requiring minimal to no effort by the recipient to maintain it.

Straight from Wikipedia.

Note: I don't want to invest any money, that's not what my OP was about.
investing is the only thing posted in this thread that actually is passive income.
My ALT is elevated. 75.
post 1562023101 09-24-2018, 09:13 AM
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Originally Posted By WorldClassDBag⏩
I mean if you know how to draw/make digital art you can upload to a site like redbubble. If people buy stickers, shirts, hoodies, etc. of your art you can make some money
I can't draw for chit.

But repped, because yours was the third useful post in the thread of absolutely useless, dogchit advice (as is per usual with misc).
post 1562023251 09-24-2018, 09:14 AM
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Originally Posted By wailshark⏩
Seeing as how you're the OP...


G4P is your only option
Originally Posted By pehzan⏩
Gloryhole consultant
Originally Posted By psai⏩
judging by your avi, g4p would be perfect
Originally Posted By sdmk⏩
g4p
Originally Posted By Pozy⏩
G4p
Originally Posted By DoctorKazama⏩
g4p
Originally Posted By infinityplus1⏩
g4p, it's not called "passive" income for nothing
Originally Posted By TMaC828⏩
Go jizz in a cup.
Originally Posted By AVIK777⏩
G4p
Originally Posted By dingler⏩
not sure if it has been mentioned but I would highly suggest g4p
445/340/545
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