Passive Income Sources

[reality18]

On the average, millionaires have 7 sources of passive income. Share your streams of passive income as this may help a reader build more wealth.

[Poker Player]

Passive income is all well and good, but sometimes it is worth thinking about capital appreciation, if it is going to be higher than passive income.

On passive income we can distinguish two types: the assets you create and the assets you buy.

If you write books, you have to work to create them, but once they are written they give you passive income in the form of royalties. The same could apply to youtube videos, for example.

The assets you buy could be dividend paying stocks, or rental houses, for example. But here it is worth thinking that if you expect a stock like JNJ to give you an average of 10% per year of your investment between capital appreciation and dividends (passive income) and that the Bitcoin will easily give you 50%, surely you will be better off buying Bitcoin.

The point is that you will do better financially in life if you create or acquire assets than if you spend it all. It doesn't necessarily have to be passive income.

[Kittygalore]

Here's a good one although you're going to need a lot of money to make some decent passive cashflow, what I'm talking about is Index funds, they're like stocks that you don't have to manage yourself but performs much better than an actively managed funds. It's not crypto but it's a pretty good one if you want to increase your passive income stream.

[Wexnident]

Does rental count? Idk if it can even be considered rental tbh, there's something called "scholarship" in the nft scene, most abundant in the Axie infinity community where you basically let others play for you, and the profit is split depending on how much you want it to be. There's close to no way it could get stolen since the account is bound to your wallet, so without your permission, the account cant necessarily be touched. Other than that, I've also tried selling templates and guides online, letting people who want to watch pay for it.

[paxmao]

Passive income is never really passive. Real states, stocks, bonds, other properties,... everything requires you attention at the end of the day. The most interesting fact is how the different economic classes have a very different distribution of assets. Middle class tend to have their living place as main asset, while wealthy people tend to have stocks and "other", such as art.

[bryant.coleman]

On the average, millionaires have 7 sources of passive income. Share your streams of passive income as this may help a reader build more wealth.

You don't need 7 sources, if one works well for you. I have been doing freelancing since 2004. I have tried more than a dozen methods - blog advertising, forum posting, YouTube video creation, affiliate marketing.etc. But since 2013, my only source of passive income has been signature campaigns in this forum. The payout is not very high, but I have a full-time job and therefore can't work additionally for more than 1-2 hours a day. So I am happy with whatever I am getting from this method.

[bitmover]

The point is that you will do better financially in life if you create or acquire assets than if you spend it all. It doesn't necessarily have to be passive income.

I agree.

But if you need to live your life only with your investments, such as an early retirement, you can just sell a small stash of your portfolio every month.

You need to have stocks that gives you high dividend yield. You can have an accumulator ETF (which reinvests the dividends automatically), bitcoin, gold, etc and sell about 4% of your overall portfolio every year.

There is something called Safe withdrawal Rate (SWR), which is the amount of money you can safely withdrawal from your portfolio.

What Is the Safe Withdrawal Rate (SWR) Method?
The safe withdrawal rate (SWR) method is one way that retirees can determine how much money they can withdraw from their accounts each year without running out of money before reaching the end of their lives.

The safe withdrawal rate method is a conservative approach that tries to balance having enough money to live comfortably with not depleting retirement savings prematurely. It is based largely on the portfolio’s value at the beginning of retirement.

...
The 4% rule is a guideline used as a safe withdrawal rate, particularly in early retirement, to help prevent retirees from running out of money.

[Timelord2067]

It occurred to me that I am making anywhere upwards of twenty to thirty posts each and every week which together with the fact I have been a legendary member of this Forum for a number of years already meant that I could earn some "passive income" from simply contributing to the Forum in much the same way as I have already been doing (now I get to talk about Rugby League//wagering which I never did, but that helps me reach my minimum five post per week in the relevant gambling sections).

No editorial control.

[The Sceptical Chymist]

Passive income is never really passive. Real states, stocks, bonds, other properties,... everything requires you attention at the end of the day.

That's nitpicking, IMO.  If you compare earning money by working as a plumber to earning it through dividends, "passive" is a matter of degree, and I'd say giving something your attention sporadically doesn't even qualify as effort--and it truly is passive.  And what about owning a coin like NEO?  You just leave it in a wallet and earn GAS, and you don't even have to have the wallet open.  That's about as passive as income gets.

OP, do you really expect people to disclose their various streams of passive income (assuming they have any) on this forum?  Not likely that's going to happen.  But I'll bite.  I have some stocks that pay dividends, but that's it, and those dividends don't amount to much.  Certainly not enough to live on, or even to pay my utilities for a year.  I used to have a lot more, but it's a long story. 

[Hydrogen]

Splinterlands collectible NFT card game is now offering passive income with daily SPS air drops. Unfortunately it suffers from the same problem brave browser has with BAT. People dump tokens ASAP and the long term value of the token depreciates over time with no HODL. Its still a good deal for accounts with larger holdings as some are earning $30+ per day in passive income.

There are still platforms like celsius around paying out good passive interest rates. If celsius seems like too good a deal to be true. I've recently heard that some of the deposited crypto on their platform is used by short sellers and similar demographics. I guess that's what the "catch" is.

For passive investments, I've always like DRIP (dividend reinvestment plans). They are cases of people retiring early and having success with it. There are plenty of stories of people making money here or there. But people making enough to retire seems like a next level thing.

[zanezane]

Passive income is never really passive. Real states, stocks, bonds, other properties,... everything requires you attention at the end of the day. The most interesting fact is how the different economic classes have a very different distribution of assets. Middle class tend to have their living place as main asset, while wealthy people tend to have stocks and "other", such as art.

But those attention that you need to put through isn't as intense as an actively managed income stream, just check it from time to time and you're good to go. You're not going everyday to the tenant to ask for rent right? The fact that you're stressing in passive means you're greedy because you want things to speed up and you're also doting.

[familiaverde]

On the average, millionaires have 7 sources of passive income. Share your streams of passive income as this may help a reader build more wealth.

I think passive income is an over-hyped thing, people think that passive income is generated just by laying on the couch and watching Netflix but this is not the case. You have to work hard to even generate a passive income source, the way it works is that you first have to learn a skill, even if it's stock fundamental analysis or some real estate, then you invest your money and time into that for a few months or years and after sometime it becomes  a passive income source because you don't have to look upto it everyday, but still you will have to tweak a lot of things here and there in passive income sources also. While this generation is taught that passive income is just that you throw your money somewhere and it generates income while you watch your favorite web series.

[Reid]

These days, it ain't easy to find one. All have high risks than just medium risks before.
Staking will be the one that will pop out of your mind when we talk about passive income. But damn, you already risk your buying the crypto asset and then you extend the risk by staking it or giving out your hard-earned tokens.
Index funds, stocks ain't that profitable anymore and I think that's why we are here in this forum to browse new options.

I guess all you could do now is pile up as much as top crypto in your wallet and just harvest it long term.

[Dewi Aries]

Only 1 passive income from opening daily needs shop. I think maybe opening more of it when i'm old. For now i still working in a company and doing signature campaign and trading as side job. Well, maybe still long time for me to be millionaire but i am really grateful with what i do know because both of my job can be done and not interrupt each other.

[Joshapat]

The needs of life are always increasing, if we rely too much on active income such as working or trading then when we are sick we don't get income, this makes me have to invest in several places such as stocks and cryptocurrencies, I hope the performance of about 20 coins that I own can skyrocket so that it becomes passive income.

[The Sceptical Chymist]

Splinterlands collectible NFT card game is now offering passive income with daily SPS air drops. Unfortunately it suffers from the same problem brave browser has with BAT.

Can you even withdraw BAT that you earn from your Brave browser without having to go through KYC?  Anyway, I'm not sure getting daily airdrops is a good way to get passive income--it certainly is passive, but what you get is of questionable value at best.  At least with PoS coins you're getting paid in kind and can sell the coin as long as there's some liquidity and an exchange that has it listed.  With tokens and airdrops you really have to receive enough to be able to sell at whatever the minimum amount is on an exchange--and that's assuming there's an exchange that lists the token.  NFTs are a whole different story.

For passive investments, I've always like DRIP (dividend reinvestment plans). They are cases of people retiring early and having success with it. There are plenty of stories of people making money here or there. But people making enough to retire seems like a next level thing.

DRIPs are great, and those stocks I own that pay dividends are in DRIPs, not held in a brokerage.  But yeah, you have to have enough money to invest in them in the first place if you plan on retiring early.  But the power of compound interest is quite amazing.

[MoisesTFX]

On the average, millionaires have 7 sources of passive income. Share your streams of passive income as this may help a reader build more wealth.
[/quote

go It is true that when listening to other places, other passive income numbers are also usually mentioned and each one as having something special that differentiates them from each other, that is why personally one of my main passive income at this time would be Divi

since it has a fairly flexible community always pending any questions And questions that anyone may have teaches us to generate income generates trust and create friendships in the cryptocurrency ecosystem

[Silberman]

On the average, millionaires have 7 sources of passive income. Share your streams of passive income as this may help a reader build more wealth.

I know that a lot of people like the possibility of earning money without doing anything, but there is a reason millionaires have so many forms of that passive income, and that is because they have a lot of money, for the ones that are not as rich even if they can get a form of passive income it is never going to produce enough money for them to survive, so your only real option is to create something that gives you that, like music, books or an invention, otherwise it is better that you keep working for your pay as everyone else.

[ene1980]

On the average, millionaires have 7 sources of passive income. Share your streams of passive income as this may help a reader build more wealth.

You should ask the millionaires before asking minions about their source of income  . I was a involved in some of the projects as advisor in the past but not anymore as i am not happy with the development and now i am only involved in signature campaign as a passive income and it is for fun to gamble and nothing else. We cannot call it even a passive income but for fun to gamble whenever i watch sports.

[LimettL]

DIVI, from Diviproject is a crypto that offers me passive income through its #masternode or #staking that is set up with one click with your wallet, and I get 23% returns on average. As well as the benefit of their weekly lotteries and rewards. And of the multiple use cases it offers