How do you make passive income?

lastunicorn (@lastunicorn) 7 years, 10 months ago

Alright. Say you guys who say college is just a scam, loans are chains are right.

How do I make this passive income needed to live and go to the hospital when I say, get a broken leg or a heart attack?

Please, no vague motivational speeches and catchphrases. I want realistic answers, on how I make enough money to survive. Because like it or not, I can’t fulfill my dreams if I’m too starving and festering with diseases to think.

June 30, 2014 at 1:25 pm
Animal lover (1) (@Kristinrs7) 7 years, 10 months ago ago

Unfortunately there are not a lot of options if you are looking at being fully insured. You could wait tables/bartend(if you work over a certain amount of hours you can be insured), teach abroad, start off as an assistant somewhere and prove yourself and get promoted, really you could take anything that you love and apply at a starting position and then work your ass off and prove yourself!!

I want to be optimistic but I have a couple degrees and I found it hard as hell to find a job with a degree! You just have to be passionate about something and be willing to work for what you want! There are a couple people in my field that supposedly required a degree that just graduated with a high school diploma.

What kind of work do you like?

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MonkeyZazu (1,865)M (@monkeyzazu) 7 years, 10 months ago ago

You have to create, or engage, a system or resource that people can access regardless of you being present to dish it out to them. Any entrepreneur will tell you that generating enough passive income to live off of is a very slow process and isn’t the easiest thing in the world to accomplish, but it is achievable. You have to be smart and think outside the box.

Passive income methods I know of:

Affiliate Marketing – Most common method, but don’t know about the most successful. Basically you market off another person’s or company’s product and get a commission when the purchase is made through your referral. Shit ton of tutorials out there on how to do this.

Youtube Partnership – This is when you monetize the videos on your youtube channel through ads. You get paid a specific amount per 1000 views.

Pay per Download – AdFly is the most popular site for this I think. Instead of giving the person a direct link to whatever they want to download, you provide them with your AdFly link to it. For every 1000 people who click your download link, you get some set amount of money.

Those are just three off the top of my head. Google will probably reveal a lot more results.

“Formal education will make you a living; self-education will make you a fortune.”
— Jim Rohn

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josephm (772) (@josephm) 7 years, 10 months ago ago

marry into canadian healthcare – get a job

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