Hello! 26F here.
I’d like to embark on a journey to start collecting passive income. What’s a good place to start?
Can you provide a video/book to learn from ?
Hello! 26F here.
I’d like to embark on a journey to start collecting passive income. What’s a good place to start?
Can you provide a video/book to learn from ?
What skills do you have? That’s a huge factor. I’m a web developer. I taught myself how to code. And with that I sold websites as a subscription to small businesses. $0 down $150 a month. I make $6500 a month in recurring passive income that I don’t have to work for. I do less than 10-15 hours of edits a year. It takes me about 4-6 hours to set up a site from start to finish, I have SEO and ads and marketing people who handle that aspect of the service and they work directly with the client so I don’t have to do anything. It’s chill. So that’s one avenue. I’m hoping to be over $7k a month by the end of the year. And by next year I’d be happy with $10k a month. The hard part is learning to code, learning how SEO works, what makes a good site versus bad site, how to sell, etc. lots of things to figure out and learn. But that’s the thing though. It takes effort. It’s not something you can just turn on with no work involved. True passive income is achieved through non passive effort and set up. So don’t look for any get rich quick schemes.