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Contracting would make that much money for those hours.
by joshu 16y ago
Contracting would make that much money for those hours.
- erikstarck 16y agoI think the OP is looking for a passive income with an initial effort only.
- 10ren 16y agoTaking you literally. $1,000 pm is $12,000 pa. Let's assume passive income from an index fund of 12% pa (for simple maths, though it's also the long-term return of the Australian stockmarket; bumpy short-term). So you would need $100,000 invested. To save that $100,000 in a year, working 6 hrs per weekday and 8 hrs per weekend day (impossible to keep up) is 6x5+8x2=46 hours pw = 2,392 pa. You'd need to take home $41.8 ph (after tax). It's theoretically doable.