Comments on: Passive Income Ideas

By: Lis

Lis — Sat, 19 Feb 2011 20:10:01 +0000

LOL Actually I got into property about 7 years ago… doing quite nicely thank you – its not passive income though – you have to maintain properties and tenants! We do hire a property manager but we still need to make the odd decision about renovations from time to ttime! Yes stocks are true passive income – when they go up LOL

By: Good Stocks To Invest In

Good Stocks To Invest In — Thu, 17 Feb 2011 05:02:19 +0000

Hi Lis,

Thanks for the info. How ever, i have never really made much with any thing that was advertised as “Passive Income” It turns out 9 times out of 10 that when they say passive, they mean after you have created a website, and posted content, and done your back linking, and worked really hard….. you can have a rest!!

What you have posted makes sense. I would love to get into property and wish i did so all them years ago before the prices shot up.. i could be a millionaire by now.. WHERE WAS YOU THEN LIS!!!

I do invest in stocks, which is by far the more passive income i have ever had. It just takes a looooooong time to make good money! I want my money yesterday please.

So, as you have suggested, i am going to find a rich partner!! Got to try it now you have mentioned it…. Hmmmm… where do i look for one of them??

By: stacie

stacie — Mon, 09 Aug 2010 15:15:00 +0000

I like the idea of passive income, just bringing in money when you’re not actually having to work for it. I keep seeing ways of doing just that but I still haven’t got round to seeing it through and getting on with it. I own a couple of domains that I haven’t even been using for the last five or six years and I really should get on with it and do something with them.

By: Eric

Eric — Mon, 10 May 2010 18:31:17 +0000

Lis, you post has me dusting off Tim Ferris’ book. I bought it a while back, but it went straight into the bookshelf like many of the other books I buy. Going to have to crack the binding this weekend! I think outsourcing is an important step, allowing me to concentrate on more critical aspects of my business.

By: Lis

Lis — Sun, 07 Mar 2010 03:30:40 +0000

Thanks for commenting Kathleen – I got bored with all the same stupid posts as well – like when was work passive income – and filling in surveys definitly sounds like work to me! Sure its more flexible than going to a job – but its still work!

Yeah #5 appeals – but he’s probably have replaced me for a younger model anyways by now!

By: Kathleen

Kathleen — Sat, 06 Mar 2010 22:58:36 +0000

I must admit, when I saw the title of this post I expected it to be the same ‘ole stuff you see everywhere else – make money with online surveys and the like. Boy, was I pleasantly surprised. You gave some good tips, I especially like #5…oops, I mean #4

By: US Click Ads

US Click Ads — Tue, 02 Mar 2010 19:51:13 +0000

Great post and so true, passive income is the best kind. I’m retired in the USA so Social Security is passive for me, but not enough to live on. But I added another $1,100 a month by purchasing a building for my business while I was working and leased it to my own company. The company paid it off and now I get the proceeds from selling it. Then I started clicking ads for a penny and stored up enough to invest in high risk offshore funds that is paying me another $1,000 a month and it keeps growing, passively.

By: John

John — Sun, 07 Feb 2010 13:52:27 +0000

I like marrying the rich partner! Guess it is too late for me so I can cross that one off the list. 6%? WOW!

By: Matt Green

Matt Green — Fri, 05 Feb 2010 21:49:03 +0000

6% is a good interest rate – think yourself you aren’t in the bankrupt UK! 0.5% official Bank of England interest rate, in reality most banks etc offer much less!

By: Sire

Sire — Thu, 04 Feb 2010 23:11:48 +0000

Yes it is. They are paying dividend next week on their shares, and it’s looking to be around the $1.40 mark which is only about 3% but if you’re in and out in a week that’s pretty good for a weeks work. I’m also hoping to make a few extra dollars as I bought in pretty low, so I’m hoping more around the 12-15% mark. Fingers crossed.