Passive income thread
Passive income thread
What should I do with $10,000?
Wait until the market crash 2-4 weeks and then invest it.
I can turn them in 10,001 in 2 years
I had the idea of offering technology consulting services to local businesses. I figure I can just look on indeed for retarded companies hiring for some vaguely defined "IT" position where it's clear that they have no idea what they're hiring for, because the positions are actually like a mix of sysadmin and SWE. Then I could just cold-email them and offer my services.
Even though I am unnaturally optimistic, even I know this is a questionable business strategy. But idk what else is there to do?
I honestly don't have any idea on how to convince people to give me money
My big "plan" for the last 10 years was to save up as much money as fast as possible and let the market to the rest. I have about 200k in the s&p500 and I am 37 atm. My living expenses are roughly about 700€ per month. How realistic is it that I can live off that money passively in my 50's. Keep it or sneed it?
based
Same basic plan here, but 700k and 35. Living expenses are much more because of wife+kids though, so you're probably closer to the finish line than me.
Captcha: TRWMP
$700 a job X 5 jobs a day = $3,500
$3500 a day X 5 days a week = $17,500
$17,500 a week X 47 weeks a year = $822,500
Pay driver $500 daily salary
$3,500 a day revenue - $500 a day for driver = $3,000
$3000 remaining - $1,500 for daily overhead = $1,500 net daily profit
$1,500 daily net profit, 5 days a week, for 47 weeks = $352,500 yearly net profit
Septic driver paid $500 a day, 5 days a week, for 47 weeks = $117,500. That's a great salary to drive a septic truck and also get 5 weeks paid vacation (lower rate) a year. Also you could give the driver a "vacation bonus of $150 a day for the 5 weeks vacation the driver receives. It would not be full pay, just maintenece pay to pay the bills while he takes it easy. Those 5 weeks are actually 25 work days off that the driver can use for whatever, illness or vacation.
Septic Driver Christmas Bonus = $25,000
You'd still come out with $325K a year profit. Now, I'm considering that the overhead to run this operation (property rental to store truck or have an office, employee pay, waste dumping, fuel, truck lease, and all sorts of things I haven't thought of because I know nothing of this business. I am putting the figure at half of daily revenue goes to overheard. Could it be more? No idea, I am trying to do a worse possible situation to see what the numbers come out to.
$325 a year is a shit ton of money to do nothing but manage the operation. Have the driver show you how to do the work so you can do it while he is off. Shit, get a partner to go into with you and split profit and both of you be available to drive the truck when the employee driver is unavailable. Also, gotta make the job sweet with good rewards to keep an employee instead of them figuring out they can do it for themselves. Gotta find the right employee that doesn't want to deal with business issues, just wants to be a well paid employee. Then maybe get two trucks. With a partner, even splitting ~$300K to book jobs and deal with overhead and management, seems like a good deal.
Again, know nothing of this business and this is my best possible guess. Anyone that knows better please add to this idea. Apparently the demand for septic pumping is enormous and never wanes.
Also, you can buy plastic portable toilets for $1000 and rent them for $150 a week. Paid off in 7 weeks of rent and then all profit. And you have the septic pump truck to suck the shit to maintain them.
passive income
clean people shit
You're a nigger or what
silence, gypsy
I have $40k in a savings account that gets 4.2% APR. That's all of my money.
You wont get 5 jobs a day especially as a new company competing with the guys who’ve dominated your area for 20-30 years. Much better chance as a drain cleaner. $200 average call x 5 calls a day you’re making 5k a week and 20k a month. Start up cost is a lot lower too you don’t need a pumper truck just some sewer snake machines and if you get a camera too you will seriously print.
the thread is mine fatty
Much better chance as a drain cleaner
May I ask for some clarification, what is that exactly? Just a guy with a snake that goes to a home and unclogs a drain? Perhaps even a snake with a camera to see drain, then use unclog snake?
If so, why wouldn't someone just call a plumber?
I am genuinely interested.
How would one advertise such a business and where?
"We just unclog drains" Would that work?
See here like this guy you mean?
Are you drunk on donkey semen? No one gives a shit retard.
Verification not required.
It is a plumber, but one who specializes in drain/waste/sewer pipes. You don’t dick around with copper water pipes or gas pipes or doing a remodel. You brand yourself as a sewer/drain specialist. People call you when a toilet/sink/shower/tub doesn’t work and you go fix it. The camera is the bread winner cause it leads you to where a problem is that you go dig up and charge $2500-$10k+ to fix. But you can get by without even doing repairs if you get good volume on drain cleaning. If you want to know how lucrative it can be call a company in your area and ask them how much it is to run a cable snake in your mainline.
is it still possible to con retail into buying your tokens? i thought about "solving the ai hallucination problem", make some slides, collect money, then maybe hire some guy who doesn't know that the problem isn't solvable to work on it for a while
Can't we just lie and pump RNDR? It has a cool logo, the story behind it makes sense, there's an AI connection and it's a fixed supply.
this thread is mine fatty
Go for it. Just figure out pay and a contract for them to sign.
I'm in the same exact boat. Standard "rockstar" everywhere I work, never really gotten above that ~$50-60k range.
The only real passive income streams are dividends, bonds and ground leases.
the closest thing I have to a passive income is my Rocky bags while I keep working in the office, I don't even know how to go about it anymore, I want to be somehow able to pay for an apartment man
I can't find work, if I wasn't in a clown dimension the only solution would be suicide
I have 70k in crypto that my wife is trying her hardest to get me to spend. I hate her. I also have about 150k in my 401k. Best case scenario is I work until I’m 70 and retire with about $2 million. Fuck my life.
I can fuck your wife if you want
If you fuck her you have to keep her. No take backsies
Take that and put it to work with SuperBots. Set up algo trading in one of their vaults, and let it trade for you automatically.
why the fuck are you investing in the boomer500? how are you supposed to get rich with such dogshit performance
crypto that my wife is trying her hardest to get me to spend.
relatable.
Anon, do you think we could spend maybe just one bitcoin? I want to renovate the kitchen.
vade retro, womana.
I only use the Drive& app to earn passively. It lets me earn with every drive using my shit phone as a dashcam.
Buy NATIX and hold for the long term. Use their app to boost your earnings while on the road, and thank me later, Jeet.
come on don't you want a bathroom remodel and some new furniture or some shit? what good is money if you don't spend it?
kill her by dumping her into a cauldron of boiling oil
That's better than 80% of Anon Babble
It's not all about big gains, it's as much about mitigating losses. Only a great depression scenario will see you come out with less than you invested over the long term with the s&p, your shitcoin can lose 95% quicker than you can sell it. Same with many stocks.
he's a retard
boring strat, but yes you should make it
scam
thank me later jeet.
Hello fellow Anons
How about providing liquidity in JamMarket?