Damn dude.. I want passive income to never have to work again.
I have a plan that is actually realistic. Now sharing it though.
Most jobs are complete ass that make me want to blow my head off.
Shit sucks nuts. I hate physical labor jobs and I hate jobs where you have to talk on the phone. I hate sales jobs. I hate getting yelled at.
All of it is ass. Have no clue how people are okay being a bitch for 40+ years. You are a robot for those 40+ years. Absolute hell.
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>not sharing it
OKAY
Prostitution is a fine plan OP, but you still need to interact with people, which is something you seem to really dislike. Good luck!
Not clever as a joke considering I was talking about passive income.
Renting out whores is passive income you faggot
Maybe you can go down the street to beg some people. Just sit with a pancart !
Lazy man’s guide to stop working.
>Save up $100k in stocks.
>Move it to a conservative dividend portfolio.
>Get about $5k-$10k a year passive income.
>Move to Southeast Asia and live like a king.
Bonus if you do minimal online work while you’re there for some active.
Spoken like someone who's never actually been to SE Asia
>>Save up $100k in stocks.
Not all of us live with our parents
Well what I plan on doing supposedly can give about 10% ROI per month in the beginning so say you had 20k, that's 2k a month. Doesn't sound like much, but the ROI would grow in time with deals and also, 2k a month is like making 20 an hr fulltime (cause taxes are a bitch).
This one guy (pretty up there to be fair) averages 25% ROI per month doing what I am going to start
Sounds like you completely chugged that Amway kool-aid, user.
This sounds like some bs pyramid scheme to me. Hope it works out for you, but I seriously doubt it will if that's what it is...
ive been doing shitty jobs here and there ever since im 16. im 27 and for this year my plans are : make enough to be able to rent out an apartment for 6-12 months. live there stress free, and figure out what im gonna do with the rest of my life.
Well yes and no.
From my experience as a neet, being unemployed is often worse than being stuck in a wage cuck job. Even with a guaranteed pay cheque to buy things, you're still given a life without structure or purpose. Nothing to overcome and no feeling of accomplishment. Lots of young guys that are unemployed just sit in front of their computers all day doing nothing, feeling like shit and turning into hermits. Lots of people, including me, need that push of being committed to a job to live a healthy life.
And the longer you're stuck in that sort of "do nothing" lifestyle, the harder it is to adjust out of it. And you wake up one day an old man that has no real memories, experiences or relationships. There's a old saying that "Discipline is freedom.".
You've just got to find something that you enjoy. Don't think about money because personal fulfillment, happiness and health are all worth more than that.
Very true. I can not find a job where someone who know I can kick their ass, doesnt try to talk to me like they can kick mine cause they think I need the money cause of mortgage/rent/wife/kids.
Literally just happened yesterday AGAIN. everyone else at the job pretty cool and not pindickedly classically corporate, except this one guy so far. Gonna talk to the owner tonight about it. How do I work somewhere where they let someone like this work?
Lol you think I'd waste time with an MLM bullshit?
Fuck it, I'll say it. It's amazon fba
It ain't
Omg you're a completely worthless human being and I hope you get raped by a aids infested nigger
kek
Amazon fba is legit though.
It's basically just contacting suppliers, buying bundles, selling it for more on amazon, check to see how the product does before buying (software for that), should have a few competitors, and that's basically the jist of it.
Buy low, sell high
I hope your momma stops chugging down nigger semen
Yep, I'm sure it's that simple.
That's the summary, dipshit. I'm just explaining how it works big picture logic.
The hard part is figuring out what products to go for and how many to buy. Amazon does a lot of the work for you (such as providing the customer service part and storing the products you buy along with the shipping).
*storing the products you buy in a warehouse
You can tell the supplier to send it to amazon and amazon will store it for you in their warehouse.
Yes. What a revolutionary concept.
You do know FBA is basically millions of small time resellers, you just need to find what you want to sell and concentrate on a single product before expanding
I did this for a decade. There is no way out. In fact, like the other user just posted, it reinforces hermitism. Being finanically hobbled limits the exposure larger society and thus other opertunities.
I found getting a job driving or trucking underwrites observing society to find more oppertunities/being alone to think.
Im not saying that sitting around time isnt the ideal life. I got 2 other people to try it, and they agreed it is the most natural way to live. P.S. they are back on the wage slave treadmill now.
Im not saying that im not rooting for you. If you pull it off, please share. Just dont dig a hole.
Is it really? Damn, that's never been done before. Genius!
The difference is in the audience. Amazon is a popular platform and they are expected to grow even more.
This isn't like some physical store selling stuff locally. Your audience reaches more than some local people. It reaches to everyone who uses amazon.
Lots of stores are closing and amazon is going to be sucking in a lot of the new customers.
Idiot, get rekt:
kek, enjoy selling your fleshlights or whatever the fuck you're going to sell.
Yes, because selling stuff on a yard sale is the same as having it on the biggest shopping site
Enjoy wagecucking until you're all used up
This lmao. That fool failed so hard with his logic.
Lying there like a dead fish while getting fucked is pretty passive income
The problem with Amazon is nobody's going to see the shit you're selling. Someone's already doing what you plan to do, but better.
>Now sharing it though.
I'm listening.
*our rich parents
Ftfy
Sounds like a classic Ponzi scheme, actually.
....which is why you use software that shows how well a product sells and be careful with what you're selecting as the product. You don't just "guess"
Amzon fba a ponzi scheme? The fuck?
If a product is selling well, don't you think that means someone is not only better at selling it than you, but they have more resources to do so?
The reseller thing is very "real" though. I think there was a planet money podcast about it. It was some black couple on that "im a hustler vibe" bullshit, about what they added by reselling, and they said personal shopping or some shit. Which is a value, but closing the podcast they buttoned it with that they were losing share to algorithms, and on their way out.
I think it was about middlemen. And as philosophically sickening as middlemen are (car dealers) are they can add value. Amazon and Google are only really middlemen. And yes, then why would they share? But look at there trucking. EVEN amazon cant mount a fleet as fast as they are growing. They stuff their trailers, and grease tractor drivers to no touch them for thousands a week.
I didn't read far enough down to see the Amazon part. Not a ponzi scheme. I automatically think of that anytime someone promises suspiciously high ROIs. Basically, OP isn't gonna get anywhere near what he thinks, he's taking a business model with a traditionally low profit margin and thinking of it like a get rich quick scheme.
As a phone jockey i agree, shit blows
Constantly fighting off the urge to an hero
Not all products are over saturated with sellers/competitors which is what you look for for one thing.
I haven't bought the software I need yet, but there is software that gives you an idea when a certain niche is the right one to go for.
I plan on buying a 1200 dollar course (I'm not doing private labeling. There's this guy that sells a course for 1$ but I will do another thing).
I really don't think it's so oversaturated with sellers that it's impossible to get into it now
>traditionally low profit margin
You're basing this off of..?
Of course the reseller thing is real. It's been real since Roman times when people were selling shit in public markets.
OP seems to think this will be an easy job. The reality is it takes a lot more time than 40 hours per week, requires a lot of up-front capital and ability to ride out long periods of losses or low sales.
My own experience operating a business in which I resold all manner of electronics on Amazon and Ebay. I could never compete long term and made little profit overall.
You seem to make a lot of assumptions of me.
I definitely don't expect it to be easy or else everyone would do it (or give up before trying like you).
And obviously you need capital. You need capital with ANY type of investements.
What was your ROI per month?
Wait, you did retail arbitrage? I'm not doing that.
Was it private labeling? I'm not doing that either.
Less than 1%. It was brutal, because I was on the constant hunt for good suppliers, looking for ways to but the products cheaply, and then price them in such a way that I undercut the big box guys that people trust (like Best Buy). That made for razor thin profit margins.
If you're the OP, you were talking about passive income...
That's pretty bad. I'll try it out for a while. If it doesn't work out, I'll just throw everything at stocks and crypto. Probably crypto first. Maybe just bitcoin. Idk yet, depends how the amazon thing goes.
Jesus.. user..
That's because its up,to YOU user to put that structure and purpose there, thats your job and yours alone nobody elses
Ya, after a while. Not at first. Maybe after a yr idk.
I also would prefer to work 16 hr days self-employed (if applicable to this business) than be someone's bitch and work for 8 hrs a day. It's miserable being employed.
"Working is hard and I'm a total bitch": the thread. Life is suffering, get over it pussy.
guy is dreamy or trying to troll
Then there's others that become self-employed and don't have to rely on an employer for survival.
Their trait? To not be a submissive bitch like you.
Honestly, if I were you I'd be pursuing whatever talents I was best at. Someone already said it but you need to find something you both care about and are good at, or you're probably not going to escape this misery. I dissolved that company I was talking about, both because it wasn't profitable and because I had no passion for sales.
Explain. Because I'm not some pussy that doesn't put their money where their mouth is?
Go ahead. Give up. Don't even TRY to escape. I WILL escape this rat cage. You be you though. Continue being complacent.
So that's why you're so bitter. BECAUSE YOU SOLD PRODUCTS THAT EVERYONE ELSE FUCKING SELLS
I feel I can love it if anything. The only job I can imagine not making me miserable is teaching. I feel the environment won't be anywhere near as toxic as other jobs. Plus they make a lot in my state. Only reason I'm finishing my degree to have it as a back-up.
I still feel I can succeed with investing.
Funnily enough, I'm currently finishing up a degree in math with a teaching certificate.
I'm doing already just fine. I'm selling online courses to dumb retards for 1.2k$ a pop.
Wait I'm curious though.
Did you do either of the two I mentioned here?
Where did you get your "real men take dick" bumper sticker?
Well, retard, that guy I was going to buy the course from posted his sales and happens to be a millionaire due to amazon fba and a bit of ebay.
I don't expect the same level of success. I just would want enough to be able to help me make a reasonable ROI.
ROI is really all I care about. If I can at least get MORE money than I've thrown in, that's a win.
You give up though. Be a loser and "save" your money (which depreciates over time) instead of showing initiative and trying to invest investing is literally the smartest way to spend money.
Kek
He's selling you snake oil you fucking moron. There's already a million books written on selling shit. Even about selling shit on Amazon and ebay too. And for 1.2k$ you can buy a truckload of them. Or you can spend that 1200$ on coke and whores and just pirate the fucking books and courses from the torrent sites. fucking retard
This low key the most important thread on 4 chan ever.
I love hard laborer though. So "concrete" .Very statisfying, except the office bitches living on my back, paying me nothing, constantly asking for more effort.
Plus being a freak and not fitting in socially anywhere thing. #onthiswebsite
And pretty much it can be summarize in four words
You mean 5?
Six, actually. "There's a sucker born every minute."
Buy low, sell high
Nice quads of truth
Look, faggot.
He will show his process of selling named brand products. Not private labeling. Not retail arbitrage. Named brand products all in one place. Random books on amazon fba will probably not even be focused. They probably will be long-winded and I'll probably get lost in the noise and not really know what to do after wasting my time reading huge walls of text.
Fucking dumbass.
not remotely passive. its just retail. yes you can make money if you are successful, or lose your investment too. and you have to work hard to make it successful.
Not sure if trolling or actually retarded
It becomes passive once you get in the swing of things. Once you find decent suppliers and a warehouse, it becomes secondhand
Not a rebuttal. Get rekt, bitch.
it becomes passive when you employ some one else to run it. ok.
so does the high street coffee shop, or home wares store.
it only becomes easier when you get the swing of things. so does your 9-5 job
I was thinking "to good to be true"
op if you want dont want to work for 40 years, don't. spend less. save more. invest and live off actual passive income.
mr money mustach will tell you how.
what you are proposing is just lkaunching a small business. lots of hard work. much harder than a job. more risk, but greater potential reward.
1% *per month* ROI on an actual passive investment is through the roof good return.
>the guy I was going to buy the course from
actual top meme that you would fall for this, you probably don't want a regular job because no fucking company wants you for anything but a janitor
>I want passive income to never have to work again.
Do like I did and start buying rental properties.
I just started following this guy, might be something you'd try out.
Ya, and that's just you. 1 anecdote.
Also, I am interested in what you were doing
You didn't answer this. 1% per month.. I honestly think you are pulling my leg and never actually did anything in the first place and just pretending you have.
Wagecuck until you die then. The world needs losers like you, but I will escape.
Gather money and own property
Wait. I misread that. Anyways, it's really not at all unless you have like 200k.
Then that would be 2k a month and you could live off of that.
1% and say you have 20k capital, that's only 200 a month. That seems really really really bad unless you are already loaded.
This is the actual answer.
I do passive income. Now I don't know what you think passive means, but to English speakers it means you don't do anything.
The us share market has average a return is 10%pa. Most people count on averaging 7% going forward. Your return of 10% per month is competely unrealistic for a passive investment. But your investment isn't passive. It requires huge amounts of work.
True, that's crazy good and even if you do get that for awhile, you should not at all count on it continuing.
Generally, for stable income, about 6% is considered expected, or 4% of you want to get safe, inflation-adjusted, long-term passive income.
Hell op can get about 6k, buy two trailers, and rent them for $300 a month to some illegals, then buy more than trailers and do the same. He could own a trailer park with in a decade.
We'll see how unrealistic it is when I actually start it.
"Share market" you mean the stock market? This is different. This is ecommerce so idk why you bring up the stock market.
Different ways of investing will have different ROIs
still need the property itself to put the trailers on
Those words. Passive and investment.
They don't mean what you think they do.
You are starting a business. Good luck with it. It isn't a passive investment. If someone lends you money for you to start your business and you pay them interest, they would have a passive investment.
I'd have to agree with this. Starting an ecomm biz is great, but has zero to do with passive income.
Just relax, OP is trolling.
Sales can happen while you sleep so I would at least call it partly passive.
...
BTW my return for the last 4 years or so had been about 60%pa on my shares. But that has been weird luck and circumstances that had me invested in a strange, high risk way. It isn't realist ic for me to expect anything like that in the future.
Purchase income property and rent it to someone.
you do nothing except collect rents, and pay taxes.
T. 16units @ $3,100 per unit.
Nice dude, now I just need money to get property with
What kind of starting capital would you need? How much did you have when you started? Can you break down the costs?
also maintenance, but I guess you can hire someone for that
With all that underwriting what great discovery have you made
You might as well burn that 1200
Also, is there a particulat website you would recommend to buy income property?
Apartment complexes, decent ones start at $500k
"decent ones start at $500k"
You're fucking dreaming
The ones I've been looking at,in decent areas too
I don't believe you. You're not buying anything other than a chopped up house with 4 "apartments" in a crappy area for 500k. I looked into it just to make sure I wasn't full of shit. Actual complexes start in the multi-millions, even old ones in crappy areas.
Smaller 4,6,8 apartment complexes
That's not a complex. Those are almost always old, chopped up mcmansions that are a month or two from being condemned.
Nope, legit complexes. Fuck legit with 20,30+ different families
Bud, I know those "complexes". I spent tons of time around them when I delivered pizza. They are the most neglected, bottom tier places that there is. Only the poorest of the poor, the worst possible tenants live there. The only way you make money on those is to own dozens so you can eat the inevitable tenant damages, regulatory oversight, and constant maintenance needs.
Sounds nice, but the land itself is probably expensive as fck?
I've never bought land, but say a trailer park was 120k, you'd have to pay that in full or you can make a down payment?
How the hell does one even make this much money? I've made like ~30k since I first started working at 15 and all of that (and then some) had to go to feeding my ass and keeping me out of a gutter. How the fuck
They don’t ship themselves, you have to buy inventory, even if you aren’t storing it & besides you don’t have the economy of scale big box stores do. They contract manufacturers to buy millions of their products far below wholesale value. Manufacturers can do this because if enough things are purchased, it puts them far above their break even point with a yearly guaranteed buyer. Good luck, op. Remember; bankruptcy is an option after you fail horribly, which I imagine you will.
Unless no one rents. Then you are stuck with liability insurance+ property taxes, and repayment on the loan for your investment. Everyone thinks real estate is easy, because idiots like Donald trump can make it seem like any idiot can do it. Keep in mind his dad, Fred, made all the money, not him, and he did this by breaking massive laws like never renting to blacks people.
Practice a skill that's in demand, and people will pay handsomely for it. Learning basically any skill these days is free, you don't need to go to a school to learn.
You can just have them sent to a fulfillment center from amazon???
Fucking retard. Amazon handles the customer support and the packaging/shipping, ass clown.
>They don’t ship themselves
Amazon FBA, when your item sells, they pack and ship it
You are a goddamn liar. Anyone who actually owns apartments understands that dealing with everything takes either hiring a couple different people (or a management company) or putting in 40-60 hours a week
>and people will pay handsomely for it.
They really don't unless it's a really in demand pne like nursing or cs
>Learning basically any skill these days is free, you don't need to go to a school to learn.
Hr people will throw your resume away without a degree.
It absolutely is not. The pimp life is really stressful. Bitches keep forgetting that they're making your money. Passive income would be like vending machines and car washes. Or a huge portfolio, but that's end game.
>Hr people will throw your resume away without a degree.
This is true, which is why it's important to make contacts and network. "It's not what you know but who you know" might be cliche, but it's true.
Yep. That retard failed HARD lmao.
How do you recruit anyway? Apparently in Mexico it's easy since you're just awash in pussy, but I can't imagine trying to deal with this in the US.
Drugs are a sure bet. Girls stupid enough to try to run the business themselves without protection are another. The book's been wrote, though. Go buy it.
>"It's not what you know but who you know"
It's not who you know, it's who you blow.
OP please dont murder your parents theres another way
Did I cover my discoveries?
Right on man that harsh realization that the rank and file are modern days serfs is the first step. Be warned that the path of the entrepreneur is not one for the faint of heart. You have to have passion burning deep down in your belly. You'll be in for many long nights working harder than you ever could imagine working at a regular 9-5. Personally I've spent the last decade(since my early 20's) building a powerhouse company and now we're building custom virtual reality training solutions for fortune 100 companies as well as making our own vr games. Wish you the best of luck user.
Now that youve bragged about your niche, do you have a path for anyone else?
Shit, I wasn't trying to brag really, just give an example of whats possible and a timeline for real results. Best advice I can give really as stupid as it sounds follow your passion and just don't quit. It's a lot to take on and it's 110% not for everyone. You will sweat blood and want to die sometimes along the way and to actually do it right you might be logging 12+ hour days while constantly fighting off failure anxiety and burnout. It will be terrifying and exhilarating all wrapped into one and you might have to put everything on the line and live a simple life in a shoebox apt in the worst cheapest ghetto living on ramen and sleeping with a pistol under your pillow till you finally get it right.
And if my passion is sitting around and thinking and nothing conventional?
There's the rub then isn't it, find out how to monetize that. Turn that thinking into a book maybe? Know a few people who have self published with varying degrees of success. Something to consider I suppose.
The rub is you missing the goal of this thread here completely.
That being said. Im happy for you. In a way I am glad people like you exist. But in net, you are just one of the people handing the monkeys the guns. The best version of that if it keeps them in a box living in virtual worlds not fucking up the real world, but still. Thee steve jobs/bill gates only agreed upon premise of the inly distinquishing factor being irrational self confidence/drive.
Philosophizing is humanity's greatest pursuit. And truly embracing the halo principle ( nobler work = less pay ) doesnt pay anything. Socrates was homeless.
The point of this thread is what des one have to do ( going through hell or hopefully NOT ) to get one easy street and not be bothered with lifes soul killing societal practicalities, that displace personhood at every level, so that you may have more personal pursuits: introspection, artwork, relationships, experiences.
How do we keep Socrates out of the bad end of the gutter. The one that undermines his existence?
m.youtube.com
What’s the plan?
