Hi,
Just a quick question before i go to work ,Besides property can anyone tell me what other passive income is out their.
Thanks
Dom[biggrin]
Shares and business.
Terryw
Discover Home Loans
Parramatta
Terry@discoverhomeloans.com.au
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Thanks Terry,
I probably should have made the question a little more detailed.
Beside the conventional ways what else is their in the form of passive income. Is their any?Thanks
Dom [biggrin]
Extortion…
Back-bench politics
Write an irritatingly catchy, commercially friendly paint-by-numbers pop song and sell it to somebody who can actually sing*. Make royalties your friend.
F. [cowboy2]
* Best to avoid ‘idols’. Sure, the initial hit will do well regardless of quality, but you’re looking for royalties that continue to flow for… well, more than 11 days.
Card skimming.
Start a cult. Tax-free too!
Start the next pyramid scheme:
South-seas, railways, gold-leases, land-banks, Angora goats, Pyramid(c), Ostriches, Y2K, DotCom, Pawlonia, Westp…
What’s next? It’s in your hands.
Buy large quantities, & sell smaller quantities! [cigar]
David
Cult, extortion, sounds good i must find out how to become a realestate agent then?
Dom [biggrin]
Ah damn! I missed that one, and it was a sitter…[laughing]
Good Question…when someone gives you an answer, please let me know too?
Hi Dom,
Hows this,
You learn a bit about property, buy one, write a book about it, hold seminars about how you did it, tell everyone you can find them cash flow properties but first they must pay you to join their club, offer low doc no doc 120% loans for an application fee then 6 months later tell them they were unsuccessful,
If you realy want to branch out buy some shares, write a book etc
When people start comming to you and asking for their money back you can just tell them that it’s all their fault and to p..s off.Or maybe you should buy another property
Put an add in the paper “Send $10 to PO box XXX and I’ll post you details of how to make thousands of dollars” When they post you the $10 send them a letter saying “get a PO box, put an add in the paper when says send $10 etc etc etc”[biggrin]
Hi Dom.
You can start a network marketing business if you like that sort of thing .
The good ones have very good training and you learn to handle rejection and meet a lot of people.
It gives you Passive income but it is not easy.You can start Mcdonalds if you have the money.
cheers
Peter.[headphone]Property is the best though.
Peter[headphone]Originally posted by mtsons:Property is the best though.
Peter[headphone]Uncle Silvio ‘the Wolf’ Capella would disagree…[fear]
What about selling weightloss programs sell the secrets of becoming slim while on your lounge doing nothing more than switching chanels of your tv [laughing] or by selling the next fountain of youth in a jar all of these ideas made someone money!
Good luck
Jenny1
daviddannai gave you a very good answer… buy large quantities and sell small quantities. Eg buy a property on a corner block, (1,000sqm) subdivide or redefine boundary, sell second block, or build a house for 2nd renter. You only pay stamp duty on first purchase.
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