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/biz/ - Business & Finance

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15256240 No.15256240 [Reply] [Original]

I have nearly $100,000 saved up in the bank from living with my parents but also having a Job that pays $60,000 a year.

What the fuck can I do that will earn me passive income that involves very little of my time. I have zero skills or knowledge about this shit.

Plz help, this money is just wasting away sitting in the bank.

>> No.15256256

>>15256240
high risk interest on loaning out btc on exchanges. hopefully they don't exit scam

buying index funds, or dividend stocks.

>> No.15256261

read snowball by warren buffet

martin shkreli recommended it.

>> No.15256271

>>15256240
buy a target date fund

make sure it has a low expense ratio and you'll be alright bro

>> No.15256288
File: 196 KB, 500x500, 1565573435606.png [View same] [iqdb] [saucenao] [google]
15256288

wait for this crash to bottom out and buy the BTC dip, hodl a few years and you'll be a millionaire.

>> No.15256290

>>15256240
DASH masternode. costs right now 93k.
Super comfy life

>> No.15256297

>>15256290
what is DASH masternode?

>> No.15256341
File: 318 KB, 2207x1896, Link Gains Updated.jpg [View same] [iqdb] [saucenao] [google]
15256341

>>15256240
Buy some Chainlink then wait for staking, then stake it in an insured node pooling service then earn monthly passive income from staking gains.

>>15256290
>>15256297
Do NOT do this. Dash is an ancient shitcoin that no one cares about.

>> No.15256370

>>15256240
Watch some YouTube videos on Infinite Banking Concept.

tldr; get a whole life insurance contract with a guaranteed dividend. borrow against that whenever you need cash. pay yourself back with interest. it’s exactly what banks have done for thousands of years.

>> No.15256385

god dammit, I should have put "NO CRYPTO" in my post.

>> No.15256396

>>15256385
Good thing that Chainlink is literally not a cryptocurrency then.

>> No.15256421

Look up compound interest: this is your goal. Low risk-high reward.

>> No.15256437

>>15256240
Buy rentals and rent them duh. Or move to Eastern Europe with like $200k and be set for life.

>> No.15256446

>>15256240
loan your money out to people, via some company that does that, you get aprox 15% interest yearly with over $50k loans.

Also while not entirely "passive", I would suggest putting $10k into cryptos with 5x$2k batches to different coins, since its only a small amount from your total savings and it could pull you off with more than 10x within a year or two if you choose right

>> No.15256458

IBM is undervalued right now. Plus they pay like $1.60 dividend quarterly, that's like $5000 per year passive.

>> No.15256471

Just send it to me and I'll send you $1k a month for 10 years or so

>> No.15256475
File: 36 KB, 655x527, 31c4fri5rym11[1].jpg [View same] [iqdb] [saucenao] [google]
15256475

>>15256421
plz elaborate

>>15256446
WTF, companies do that? Also, I put around 10,000k into various cryptos last year. Hasn't made me money so far, but I'm holding.

>> No.15256478

Unironically buy a rental house and have a rental company rent it out for you, at least if you don't live in a shithole.
Even if everything falls apart. You have a place to live at if you need. Plus you can collateralize if you see a great investment opportunity in the future.

This is probably the best passive returns you could get outside crypto.

>> No.15256492

>>15256475
fug i meant 10k"

>> No.15256501
File: 149 KB, 1366x650, Chainlink Gains.jpg [View same] [iqdb] [saucenao] [google]
15256501

>>15256475
>bought last year
>hasn't made any money

What total shitcoins are you holding retard?

>> No.15256513

>>15256478
This is also an option. I bought a condo for $250k and put my neet old brother in charge of landlord duties. I let him keep the profits just to keep him busy, family first I guess but I get 2200 in rent every month and the place is worth in the high 300s now. Not sure what ops options are for 100k though.

>> No.15256592

>15256501
I'm not a very smart man.

>> No.15256593

>>15256240
The type of person that can build passive income won't just sit back and do nothing, they'll likely keep expanding or start new projects.

>> No.15256662
File: 375 KB, 2686x466, Link Token Price Mechanisms.jpg [View same] [iqdb] [saucenao] [google]
15256662

>>15256592
If your shittokens haven't gone up in over a year, you need to fucking sell those shitbags and get decent investments. If you don't want to dump part of your 100k into crypto, fine, I understand if it hasn't worked out for you well yet, but at least sell all your current shitcoins for Link already, it's literally been the best performing crypto for 2 years in a row now and will continue being the best performing crypto for many years to come too because Link literally has constant good news every month.

>> No.15256688

>>15256261
Does he just talk about compound interest in that book like the title suggests?

>> No.15256703

>>15256475
look up CDs and high-yield savings accounts

>> No.15256707

>>15256475
atleast here in finland there are multiple companies that make you the guy who gives the money as a loan to a customer of that company trying to get a loan,
and the loan is backed up by the company and you get choose the interest rates and loan amount/length.

>> No.15256722

>>15256240
Silver or high interest stable coin savings account. Both are safe. Ye

>> No.15257038

Buy a condo with a loan and rent it out. Have the guy pay you rent higher than mortage. Make passive income and have some shmuck pay off your house. Boom in 15-20 years suddenly you bought a $250k condo for $30k