Mostly passive: Managing rental properties. There is some work involved occasionally when things break or new tenants need to be found, but for the most part I just collect my fee each month.
When i've looked I havent found deals where one is actually making money (unless you count the equity on the property) and usually are eating cash flow monthly.
Guessing this means more than 1, or even 2. How were able to finance these purchases? Asking cos most lenders (that I've talked to) require a large down-payment, like 30% + or more.
And it's all static, so zero maintenance. Just pay the couple bucks a month to S3 and domain names.
But then again, I target people angry at their XYZ provider, so the clickthrough rates are pretty good :)
So I guess mutual funds is the answer this year.
Got a cheap HostGator shared hosting and host low traffic websites for some clients (static/WordPress).
As a designer with no advanced knowledge in hosting/IT/domains/backend, it was pretty easy and no complications, I can't complain.
Now planning to move from HostGator to DreamHost because HTTPS is expensive in HG and free in DH (also using the free Netlify plan for static sites, HTTPS free).
As a result, I realized I was an idiot and had let too much accumulate in my checking account that gets abysmal interest. Moved it to a savings account with slightly better interest and I get a little more money from it. Nothing worth writing home about, but definitely worth the few minutes it took me to make that change.
Suffice to say, I went from something like .01% APY to considerably more than .01%.
Buy when people are panic selling for no reason. Sell when everyone gets excited about it, when people like my farmer uncle are advising me to buy.
Wondering if, a) there are not too many people owning bitcoin in the hn community. b) everybody is a HODLER. c) nobody counts this as passive income.
Had a lot on the road map (creating more of a platform) but have pivoted to other projects since this doesn't seem to be getting the traction I was hoping for.
[1] www.find-me.co
Also make ~$1.5k/year from old Udemy courses on pretty basic topics (beginner-level SQL, Google Sheets, etc).
soctics.com
Donations/Affiliates 10/month
I mention this one because it's one of those things that I just did, mainly for my own needs, and put out there. And it mainly just sits there but does better year-over-year.
I also have other investments I keep for retirement but I really do not track how much I get there. It is for the distant future.
