passive income,
anyone actually get there? post your examples or good ideas
Passive income
Eli Roberts
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Asher Hernandez
I have an learning course on blockchain
> because I actually work in blockchain
Trying to make it take off. Have some plans.
Connor Wright
landlord here, got 4 flats plus one to live in. you need minimim 1.5mil to get around 30-40k pa, anyone who says different doesn't know the EU rental market. so while I've technically "made it", I live a frugal lower middle class life. no waging though + 6 fig link stack
Ethan Howard
where in eu? you don't have any debt on on your flats? fully paid?
Jordan Jenkins
I get 800 free leafbucks a week thanks to my commie overlords.
Daniel Bailey
Germany, fully paid no debt
Nathan Brown
why wouldn't you take advantage of debt? how old are u and where did u get 1.5m
isn't the interest rate in germany below 2%
Chase Richardson
Passive income is a meme
Adrian Cook
True, burgers and britfrags don't get it though. Their housing market is a ponzi scheme.
Alexander Lee
And don't you think it would be way more efficient to have that 1.5 mil invested in world stock market index?
Ok, you might get slightly less returns, but also less hassle, way more diversified and extremely liquid.
So why bother with real estate at all unless you have some specific market advantage?
Anthony Sullivan
>Own apartment in Copenhagen, Denmark.
>Airbnb it out
>get company to do everything
I make (b4 corona) $1,3k a month after taxes and fees. I could increase that if I wanted to do it myself but I dont have time..
Bentley Davis
I make about 2K per month on Aave by just holding 40,000 USDT
Jeremiah Green
what company or where to find a company that runs airbnbs for you? how big of a cut do they take? I wanted to do airbnbs but didnt want to invest my time if the rentals are on average 2-3 days max, but your income looks nice, how much would you make if you rented longterm?
Andrew Wood
O is practically on sale right now in the stock market.
Eli Walker
How are you guaranteed the borrower will pay back? can't anyone just go on there and borrow max amount and never have to worry about it again?
Adam Walker
dafuq? how? What is the rate and what are you holding?
Julian Torres
That's a man
Jayden Collins
Camden Mitchell
>I make about 2K per month on Aave by just holding 40,000 USDT
>what are you holding?
Jose Gray
People here will tell you differently for the memes, but if you don't want to give a shit you can put your savings every month on a globalist and boring ETF that will continuously grow. You will only get it back when you sell it, so it's guaranteed income, though.
Thomas Wilson
what is the likeliness you lose everything? as a borrower what are you required to do to borrow?
Gabriel Lopez
i have no idea regarding borrower but i would assume you have a sort of index that show your level of over exposure. It doesn't matter In my case i just deposit and collect in real time.
Andrew Reyes
Jordan Myers
40
I should take advantage of debt but I don't want to owe anything to anyone
>where did you get 1.5m
it's true when people say no one earns wealth, it's either luck or doing dirt - for me it's a combination of both, fuck normies
Blake Howard
true, and any future money I make from crypto I'll invest in non real estate assests but at the time when I got the flats, it was 2009 and property was cheap AF. all of my experience was in real estate at that point & all of my properties have more than doubled in value since then
David Barnes
Wait you can get 17.37% monthly interest by holding sUSD?
Levi Edwards
yeah but i'd go for a bigger market size
Aiden Jones
that would be a 550% compound interest in 12 month, there has to be a catch or big risk involved, probably why he spreads it over so many stablecoins
Jaxson Morales
imagine believing you can tripple your money every year doing nothing
Thomas Miller
wagecuck detected
Nicholas Wilson
hehe yeah user that shit never gonna happen
Austin Cox
unironically this, I know of a dude that has a forestry business that easily brings in probs £250k legit profit for him every year.
This guy is also unironically one of the most professional level drug dealers I have also ever met in my life whom also owns lots of properties that he washes this dirt money through, knowing where he lives and what his portfolio looks relatively like, I would say the 'dirt' nets him probs around £1m per annum.