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It would take you well over a million in assets to generate 5000 dollars of passive income. And the higher the payout the less passive/safe it becomes (i.e., C
by conanbatt 13y ago
It would take you well over a million in assets to generate 5000 dollars of passive income.
And the higher the payout the less passive/safe it becomes (i.e., CD > Real state > businesses > web apps > ???)
- LockeWatts 13y agoNot really. A hot mobile app can sell for that much, and doesn't require anything more than a laptop and some time.
- conanbatt 13y agoBut it wont last a lifetime. Buying a specific game for its returns would have a serious discount compared to almost any conventional asset. And "time" is work. Building a house also requires just some materials and some time :). Even real state needs management (things break, rents have to be collected, risk of lawsuits, tenants that dont pay).