who LEGIT makes passive income?

The thing is a lot of these amazon/ebay sellers etc will have made some money and some will make a good living out of it but they will also have to diversify. The trouble is the way some of these people diversify is into selling the idea of making money in this way, its far easier.
 
sigma said:
Is property passive though? You have to deal with tennets or agents.
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It isn't passive but some of the spiel that comes out is it all passive but like you pointed it hardly the case if things go wrong or you need someone to look after it.

As pointed out in other threads you need some degree of input and not everything is 100% passive.
 
ddoubleep said:
It isn't passive but some of the spiel that comes out is it all passive but like you pointed it hardly the case if things go wrong or you need someone to look after it.

As pointed out in other threads you need some degree of input and not everything is 100% passive.
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Yeah, I don't think anything really is truly passive, just various levels of passiveness.
 
sigma said:
Is property passive though? You have to deal with tennets or agents.
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It would only be passive if you were paying a company to manage it all for you, and you were just netting the remaining profits. Obviously puts a bit of a dent in the potential income stream though.
 
I'll bite.
I rent out a property (owned outright) and the agent deals with absolutely everything, and they have a fairly high limit of my money to spend reference the legal requirements and whatnot, and whatever the tenant wants, and providing it's reasonable it's always met.
The last thing I want is an unhappy tenant, as tbh I want don't want the bother as much as I'm sure she doesn't want the bother of having problems.
Do I make a large sum of money from it, no, but I guess it's a passive income as half the time I forget I own it, other than the income, and in 7 years it'll be sold for me to stop work at 60 (or earlier if whatever government keeps hammering landlords for all they've got).
Cue, the landlord haters
 
JonRGV250 said:
I'll bite.
I rent out a property (owned outright) and the agent deals with absolutely everything, and they have a fairly high limit of my money to spend reference the legal requirements and whatnot, and whatever the tenant wants, and providing it's reasonable it's always met.
The last thing I want is an unhappy tenant, as tbh I want don't want the bother as much as I'm sure she doesn't want the bother of having problems.
Do I make a large sum of money from it, no, but I guess it's a passive income as half the time I forget I own it, other than the income, and in 7 years it'll be sold for me to stop work at 60 (or earlier if whatever government keeps hammering landlords for all they've got).
Cue, the landlord haters
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But you had to make the money somehow in the first place, non-passively.
 
I guess passive income = easy money?

Once every few months, a guy posted on our work's intranet noticeboard with 5 cockapoo puppies for sale. He never listed the price, just that there are 5 puppies. Cue around 60 responses from other staff members all asking what the price is? A few days later, he would close the thread saying - all sold. Looking online, I reckon they go for around £2,000 each, so he's making 10 grand. A few months later, he would post another ad on the noticeboard, again with another 4-6 puppies available and the process repeated. I.e. no price, dozens of responses, all sold. So I reckon he bought the original puppies during lockdown then has been printing money not long after. The last time he posted the ad, which was about 4 months ago, he got as far as selling 1 out of 5 puppies then his post got taken down. So either he got into trouble with a work policy issue or maybe the organisation got into trouble due to legal issues. Then a mod posted a sticky at the top of the noticeboard saying do not use the noticeboard for selling pets. You can still buy and sell on there, just not pets.
 
Pawnless Endgame said:
I guess passive income = easy money?

Once every few months, a guy posted on our work's intranet noticeboard with 5 cockapoo puppies for sale. He never listed the price, just that there are 5 puppies. Cue around 60 responses from other staff members all asking what the price is? A few days later, he would close the thread saying - all sold. Looking online, I reckon they go for around £2,000 each, so he's making 10 grand. A few months later, he would post another ad on the noticeboard, again with another 4-6 puppies available and the process repeated. I.e. no price, dozens of responses, all sold. So I reckon he bought the original puppies during lockdown then has been printing money not long after. The last time he posted the ad, which was about 4 months ago, he got as far as selling 1 out of 5 puppies then his post got taken down. So either he got into trouble with a work policy issue or maybe the organisation got into trouble due to legal issues. Then a mod posted a sticky at the top of the noticeboard saying do not use the noticeboard for selling pets. You can still buy and sell on there, just not pets.
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Sounds suspiciously like this guy is puppy farming.
 
sigma said:
But you had to make the money somehow in the first place, non-passively.
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But that logic could be applied to absolutely everything.

Even truly passive income from investments still required capital to start with. The point of passive income isn't how you got the starting capital, it's that you don't have to do anything to earn an income from it.
 
Semple said:
But that logic could be applied to absolutely everything.

Even truly passive income from investments still required capital to start with. The point of passive income isn't how you got the starting capital, it's that you don't have to do anything to earn an income from it.
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To make a decent amount with very little effort you will need a pretty big chunk to start off with.

What's the point in passive income if it makes you £1 a month?
 
It's not totally passive per se, but one potential avenue is to package up something you know into an online product like a course or a pdf, and sell that. Once you've produced it, then it can be made pretty passive after that, as you can automate the payment and fulfilment on a website. I've never done it though.

A long time back I looked into passive income, and there was this website:

www.smartpassiveincome.com

Home

Learn how to build an online business using smart passive income. Find Pat's podcasts, tutorials, videos, and other how-to articles on growing your business.
www.smartpassiveincome.com www.smartpassiveincome.com

I've not looked at it in a long time, but the guy behind it, Pat Flynn, is legit and not a charlatan. It looks like they are now helping people build digital products.
 
I went the FIRE route with my wife - for 25 years!@!. We also lived and worked in Asia for 15 years which helped (a lot), but we retired at 48, so I guess we do have a passive income (not touching pensions for a few years yet). Currently living on several managed investments. You do have to save a lot though, over years to really do it.

Mine came from a mix of UK property investments, (which I sold before Covid) and the sale of a company % in Vietnam.

Been totally passive for 3 years now, and fortunately still have what we started with, living off the interest, and not been the ideal time for this either.

Living in Greece now (mostly) which also helps.

We are not loaded. Asset rich, cash ok I guess. It was mostly luck, and some planning. Most scary day of my life was when I walked away from a high earning overseas Asia job at 48.

I should add, 2 years ago I started a YouTube channel, as a hobby. is monetised, but lucky if I make 60 to 70 quid a month from it at the moment. May pick up in the summer (Is a Travel Guide to Greece)
 
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- Barclays Rainy Day Saver.
- Chase Saver. I could get better, but it's convenient and I like the app.
- Couple of ISA's. T212 just has some stocks where dividends drop in from time and just get reinvested. Vanguard fund just gets paid into monthly.
- Maxed my monthly payments into my pension.
- Few speculative crypto moonbags that are farming away (very small percentage of my net worth).
 
FISHGUTS said:
commercial wind turbine. I probably have to do around an hour a month admin work.
The manufacturer moniters it 24/7 & dispatches a repair crew with the needed parts pretty much straight away if it needs it.
It was a lot of work getting planning for it, but now it's about as easy a business as you can get.
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A nice passive income business but not something someone with no land or no large amount of capital could get into!!
 
I used to earn a nice bit through web sites. Before Google hit hard with it's exact match domain name penalty, it was pretty easy to set up a splash page with a few referral links using trade doubler and Amazon associates. For me, Passive income would have meant a few hours at the beginning and then basically forget about it.
 
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