who LEGIT makes passive income?

[ozaudio]

the amount of crap i see about " make passive income with next to or no money " is just lol. so many people who just lure people in with there crap like andrew tate advertising some sort of school or something, youtube is 100% full of these ***** claiming they make 5k a week / month and so on from such trivial things , and people dont stop and think, hang on a minute this seems to good to be be true, then it is.

is there anybody on here who LEGIT makes some form of passive income without going into detail so it doesnt spoil it for you? i have 1 thing which i guess you could consider passive income is the interest payment each month from a good few quid i have in a santander 5.2% savings account.

 

[ci_newman]

There's a bunch of private landlords on these forums that qualify for this (houses managed by agencies etc).

[Edit] @LeeUK clearly applies too

 

[uber soldat]

 

[sigma]

Someone on here has a dog grooming business app which is doing quite well.

 

[sanaxe1]

Not fully passive but I have a eBay side business which makes £800 a month but literally takes me 30 mins a day to do which includes going to the post office.

 

[ddoubleep]

TikTok, Instagram, YouTube is full of these so called Gurus who promise big returns to boost passive income but all seems a bit far fetched. Yes a few could be making it but not everyone who signs up for the courses or what is being proposed.

Affiliate marketing, BTLs, HMOs, drop shipping, Amazon FBA

 

[Uther]

Investments? They go up, they go down, but mainly they go up.

 

[Freakbro]

Always a favourite with @dlockers , the hobbyist landlord

 

[Yaayuh!]

I do **** all at work. Does that count?

 

[sigma]

Not fully passive but I have a eBay side business which makes £800 a month but literally takes me 30 mins a day to do which includes going to the post office.

Do you specialise or sell random stuff?

 

[sigma]

Someone I worked years ago with quit his job after starting to sell things on Amazon during lockdown, now he 'mentors' others on how to sell on Amazon full time.

 

[Hades]

My kids must earn a lot of passive income. When they need something they nag my wife and I for it until it magically appears without them having to work.

 

[Jay85]

Side joint as well which basically runs itself. I just pack orders when they come in, each item sells for around £115. It's a nice easy top up to my regular day job which helps funds my bad habits aka pc's.

 

[200sols]

Many people describing non passive income in here.

 

[Whitewater]

Does it still count as passive if you have to do work filling in self assessments and all that tax jazz?

 

[Freakbro]

Does it still count as passive if you have to do work filling in self assessments and all that tax jazz?

Yea, as the income is still passive, just the tax liability on it isn't.

 

[Rai200]

I rent out our driveway on an app, house is in part of town with no non-permit parking and only expensive multi stories anywhere nearby so it's fairly popular.

Not exactly balling but it brings in a couple hundred quid a month, pays for household supplies for us all.

 

[marinersfan]

I'm rolling in it, I earn about £70 a month interest from savings

 

[Deleted member 77746]

Those who earn passive income I hope you all declaring it.

I rent out pimp snails with @keef247 .

We make 10 million scoins a week.

/ Tax man enters the thread.

 

[ozaudio]

Those who earn passive income I hope you all declaring it.

I rent out pimp snails with @keef247 .

We make 10 million scoins a week.

/ Tax man enters the thread.

i have no choice not to as its reported to HMRC , i just paid a one of tax bill instead of them changing my tax code, only for them to go and tell me ive earned far to much in insterest so they are changing it inaway.