Passive Income

Interesting.

But how did you get started in regards to being able to live the digital nomad lifestyle?

and if you're asking how did i get it, i just looked on craiglist like i said in my first post, it was right there

surprisingly few people know about this, it's an awesome side hustle that you can do at home

Met gf on omegle before joining, she lives in cali i live in europe, got a place to sleep and eat for free, spend time with her and dick around during the day, work in the evening and when i feel like going to bed i do

most important aspect is of course having few expenses at your homeplate, all i have is a car because i like them

if i wanted to visit NY tokyo, moscow, rio or whatever, i could, but i wouldn't be able to spend months there

What exactly did you look for on craigslist?

transcription
data entry
job home
job computer
paid by volume
work from home

Thanks

Best of luck to you and your gf

>work from home
>free money

I hope this isn't a pyramid scheme

is
>work from home

a meme or a scam?

bump for interest. recently looking into digital nomadism heavily.
thinking i should take a web design course or is that a meme in itself?

Oh yeah, you guys definitely need to be careful, In hindsight these keywords look like a scam but that is literally what I looked for not sure what else to tell you

And it's not free money, worker bees in my company can make a max of 25 dollars an hour with experience because the site is a little slow and you can only type and listen so fast

It takes some autism to sit there for hours listening to spics and idiots attempt to speak your mother language, looking for porn, zoophilia and pedopornography (sometimes worse)

How do I get on this?

I'm 20 and poor as fuck, i deliver pizza 2 days a week and am at college doing econ the rest of the time

C-can I get this job?

pls gib pyramid scheme

Not sure if you can, a friend in eastern europe tried to get it and she wasn't able to work very long before they ran out of assignments, it depends on what is your mother tongue (being fluent is not enough) if you make even small mistakes constantly you're out

I don't want the company's name on here, sorry

Just know that some of those things are not scams, be critical and open minded, we actually have few applications and i'm sure our competitors and similar companies are the same

don't let this thread die i want more stories

>How much do you make per month?
~$300 USD
>What do you do?
Website/blog on sys admin type stuff, eg setting up stuff for Windows/Linux servers.
>How did you find out about your niche or job?
It started as a way of documenting things I did at work that didn't want to forget, a few years later it's now getting 100k views per month and growing.
>Do you plan to find other ways to make more money online?
Yes, currently the money is from adsense and a few amazon affiliate links, though I am thinking of trying to make some kind of product to sell through the website directly, perhaps some sort of ebook, not sure on what exactly yet though.

Bullshit. You'd have to be 22 to graduate from college and it takes a few years to earn your wings.

t.veteran

it's different where i'm from

And where are you from?

a country that doesn't require you to have higher education for this

not like you would learn anything remotely useful in a jet anyway

I don't know of a single country that would let a 23 year old fly a fighter jet.

Larp somewhere else.

no hard feelings i understand your skepticism

Not exactly passive but I pick my hours
>wear kneepads and chapstick
>hold mouth open near glory hole
>used to wear a wig to look female but discovered it doesn't really matter
>swallow every drop never buy breakfast or lunch
>2 more years until I break even on my btc losses
it's a living!

be glad you didnt get into ZEC

>Wont mention a country for no reason
>Credibility lost

if i was less paranoid, i'd still be in the air force and not posting here

flag or fag

>200€/month

Fuck, too little too slow

105,000/12 (salary)+ 895(rent paid to me) + 300 (avg investment gains)

I'm 26,
consultant,
algo stock trader
landlord

I plan to explore algo forex trading and implement machine learning stock trading algo. I'm also interested in experimenting with Amazon dropshipping, and i want to make a phone app.

imo, I'm not making enough which makes me feel like a worthless pos which provides drive to make more.. So I'm not happy, but that discontentment drives me to do more... Double edge sword...

Totally missed the "passive" and "online" part.. Sorry, just investment gains then.

algo stock trader

sounds cool as fuck, how do you feel about the dow 20k ? bots shorting everything everytime we come close ?

also did you make your own algos ? if not do you have experience in making them and also do you think they are better than humans ?

bump

I don't believe any of that except that you're 26. I trade via algorithm and it's hard to believe that someone with the level of intelligence that this requires would be stupid enough to try and dive into Amazon dropshipping or making mobile apps. What markets does your algo trade and what's it's percentage of error (incl. var and sd)?

Great thread idea ruined by faggots spamming bullshit

is that the Veeky Forums motto? It should be.

>I don't know of a single country that would let a 23 year old fly a fighter jet
>Larp somewhere else
Savage.

Reviving this thread from page 10

I'm going to start an e-store to make passive income, where all I have to do is package and ship the goods out of my house. Is this a good idea?

People who are having it easy in online biz wouldn't post their ideas here. So, call this thread dumb

honestly the best passive income you can make is the income that comes from already having money. unless youre incredibly lucky youre always going to be working in some way so its not passive.

Sure, but you can minimize the amount of work you put in to make a passive flow of income.

Please get on discord and I will post a message only you would understand. You and I are too identical to miss the other puzzle piece to my business ideas...

with preexisting capital youll do much less work though. so its always best to work hard to get that capital first instead of trying to find ways to make money that involve little effort

Is it a contract position? I had one at a company that does similar stuff and they decided they were downsizing and didn't renew this year.

There are legit work from home jobs. Usually the entry level/low skill jobs are contract positions though. So you make next to nothing after you pay your taxes.

That's true, but I also think that it's entirely possible to spend a few thousand dollars earned from wagecucking on an e-store or other potential income source where you can put in minimal effort and watch the money pile up.

Not sure how anyone but a complete moron could possibly have BTC losses right now when it's at $930 USD. What, did you buy in at $1,000? Wew

>passive income, where all I have to do is
It could be a decent business, but I don't think you understand what "passive income" means. It's when you put your money to work for you in either an investment or a business that returns (usually) a monthly income without requiring your personal attention to manage it. It's a meme that was popularized by Robert Kiyosaki's Rich Dad Poor Dad serious in which he suggests that your goal should be to build enough passive income flowing in each month that your living expenses are covered and your time can be spent either building a business or seeking larger investment opportunities.

I know, I just figured that since I would be making sales in my sleep or while shitposting, it's technically passive income.

As I understand it, the whole concept of passive income is to put your money to work for you. You may, for example, spend a significant amount on a rental property just to have a few hundred come in each month while outsourcing management. The idea is to repeat this process until your passive income exceeds your cost of living. Then, assuming you have tangible assets and equity to borrow against, begin seeking bigger and better investments.

if youre doing some Veeky Forumstastic shit like dropshipping sure but ive yet to see someone actually make enough on a store to quit their jobs over, which hasnt also turned into a full time job in itself. isnt that the dream after all?

No, but it could be. If you keep working on your business plan instead of just getting stuck as an employee in your business, you could potentially structure it so that your business is managed with minimal involvement from you and your only role is as the entrepreneur. The key is to build a strong system of operations and find a manager who is good at enforcing that system. Check out a book called The E-Myth Revisted by Michael E. Gerber.

The last time I flipped through it I remember feeling that there was a lot of unnecessary filler, but the biggest take away for me was in defining the three roles of your business, technicians, manager(s), and entrepreneur.

When you start out, you are likely filling all three roles. As you work in the technician role, doing the actual job, you are developing your system of operations, finding the best way for the job to be performed. Defining job titles and tasks for that job, defining how those tasks should be performed.

Then you want to hire some technicians and you become the manager, training employees and making sure they adhere to your system of operations.

Next, you either promote from within or hire a manager. Ideally, you find someone who is loyal and does the job well.

I recommend starting a business plan. Consider your job as an entrepreneur to focus on these things and find ways to grow your business.
sba.gov/starting-business/write-your-business-plan

thats exactly my point. as far as good passive income goes you need a lot of money to make money. there's a lot of people confusing being self-employed with passive income.

what you really want is good investments in the market/property/private businesses/etc

>there's a lot of people confusing being self-employed with passive income.
as I understand it, all business owners are self-employed, but not all self-employed are just business owners.

Once you hit the point where you're paying someone else to do all of your work that income becomes passive. It's just rare to find an entrepreneur that's comfortable handing his baby over to others completely.

if you do meet one it's probably at the yacht club or country club or some such.

20k is just some arbitrary number. I don't think about it, I could speculate on why the market is acting the way it is, but that'd be a waste of time... I just take comfort in the fact that with a long enough time horizon the etf portion of my portfolio will continue to rise.

I write my own... I wouldn't use someone else's because I'd doubt it's value if they made it common knowledge... I taught myself python (textbooks and coursera) prior. I think if you see something in the market that is happening predictably it makes sense to create an algo to trade on it, otherwise it's tedious manually making the trades. And being involved introduces the risk of a weak human psyche...

And let me say that I'm new to algo trading, ~4 months

You don't need a reason to conclude that I'm lying... This is the internet... H/O IDK why being interested in dropshipping & app development suggests believability in either direction... I want to learn; make some MVPs, and if I enjoy it, refine and optimize.

It doesn't take much intelligence to do algo trading imo... The tough stuff is integrating machine learning into the algos or at least that has slowed me down considerably.

Let's not discuss my algos' performance since you don't believe me anyway.

Here's the invite for the official Veeky Forumsdiscord if anyone's interested.

discord.gg/kmJ3WjW

there are plenty of poo in the loo countries where any 18 year old can fly a 1970s fighter jet in their airforce

The way I saw it was that self-employed means you're an employee of the business and business owner means you're a full time entrepreneur (as in not a technician or management position).

I've also read that a good measure for this is that you can walk away from your business for a year and come back to find it functioning and profitable. That's probably assuming there are no dramatic changes in the market, but if you have a solid system of operations and quality management, it seems very possible.

but the point is the best passive income comes from "businesses" where you dont even need to manage people to do your business for you. i wouldnt want to have to deal with a bunch of employees unless they were the mechanical turk kind and i automated them away from having to deal with them and them knowing anything more than they need to.

Yeah, I learned this in bankruptcy proceedings. Lawyer asks if we own any business equity. I say yeah, we own a business. She asks how many hours we work. I say about 50/week average.

She says, "You don't own a business, you have a job. When you can retire and your business will keep running like nothing happened, then you own a business."

seemed simple when she put it like that.

>where you dont even need to manage people to do your business for you.
yes, absolutely. You should hire managers to watch your managers. If you're still running a company that's not passive at all.

Yeah. That the way to go in my opinion. If you stop working on the business, you'll get stuck working in the business.