3 ms·

Passive income: something that makes you money while you sleep(read it somewhere). Any examples, what type of businesses you are talking about?

JshWright 10y ago
I get paid to sleep on overnight shifts, does that count?
- codegeek 10y ago
  Not unless you can do it from anywhere AND you are not expected to be available during overnight if the situation demands :)
  - JshWright 10y ago
    Oh I see, now we're moving the goalposts ;)
    - agumonkey 10y ago
      What about "money that would get into your account even you were recently dead" ?
      - pritambaral 10y ago
        So ... life insurance?
- rad_post 10y ago
  This is awesome!
eonw 10y ago
owning real estate that someone else manages or really owning any business that someone else fully manages for you. i know a gentleman that owns storage units up and down the north east, never steps foot in the states for years at a time. AirBNB & rentals can be hands free too, as another example,
- djrogers 10y ago
  > owning real estate that someone else manages or really owning any business that someone else fully manages for you If you've ever owned real estate or a business you'd know it can't be 100% passive. Even with a property manager, there are always things to fix, change, or update, and the associated decisions to make about it. One bad tenant or a property manager with bad judgement, and you're 100% back in full-time landlord mode to clean up the mess (literally or figuratively).
  - eonw 10y ago
    you can in fact pay agencies to deal with ALL of that, they just take it out of your cut. have you owned real estate or a business? I have both and i can attest they can be fully managed by others, without headache to the owner, its very simple. industrial RE investors do this all the time.
    - djrogers 10y ago
      I do in fact own both, and they only run on whir own until your agent screws something up. It may require less work than other forms of income, but if you expect it to work out long term, it can never be completely passive.

JshWright 10y ago

I get paid to sleep on overnight shifts, does that count?

codegeek 10y ago
Not unless you can do it from anywhere AND you are not expected to be available during overnight if the situation demands :)
- JshWright 10y ago
  Oh I see, now we're moving the goalposts ;)
  - agumonkey 10y ago
    What about "money that would get into your account even you were recently dead" ?
    - pritambaral 10y ago
      So ... life insurance?
rad_post 10y ago
This is awesome!

eonw 10y ago

owning real estate that someone else manages or really owning any business that someone else fully manages for you. i know a gentleman that owns storage units up and down the north east, never steps foot in the states for years at a time. AirBNB & rentals can be hands free too, as another example,

djrogers 10y ago
> owning real estate that someone else manages or really owning any business that someone else fully manages for you If you've ever owned real estate or a business you'd know it can't be 100% passive. Even with a property manager, there are always things to fix, change, or update, and the associated decisions to make about it. One bad tenant or a property manager with bad judgement, and you're 100% back in full-time landlord mode to clean up the mess (literally or figuratively).
- eonw 10y ago
  you can in fact pay agencies to deal with ALL of that, they just take it out of your cut. have you owned real estate or a business? I have both and i can attest they can be fully managed by others, without headache to the owner, its very simple. industrial RE investors do this all the time.
  - djrogers 10y ago
    I do in fact own both, and they only run on whir own until your agent screws something up. It may require less work than other forms of income, but if you expect it to work out long term, it can never be completely passive.