Where can I make passive income in 2022?

Status
Replying to this thread has been disabled.

fisicx

Moderator
Sep 12, 2006
46,676
8
15,375
Aldershot
www.aerin.co.uk
Window cleaning can earn a decent income. So can working in a supermarket.
 
Upvote 0

Beautinow

Free Member
  • Jun 27, 2022
    21
    6
    If fully 'passive' so not a side hustle, fairly low risk investments are:
    • Treasury bonds. E.g short term treasury bonds in US yield around 2-3% currently).
    • Corporage bonds. E.g. investment grade corporatebonds yield around 4% currently).
    I don't really believe you can earn 'fully passive' income doing business. Maybe it is, but only short term, and at some point you really need to invest time and money to maintain or growth the business.
     
    Upvote 0

    _m14putri

    Free Member
    Aug 12, 2022
    30
    4
    Upvote 0

    fisicx

    Moderator
    Sep 12, 2006
    46,676
    8
    15,375
    Aldershot
    www.aerin.co.uk
    No, I do not understand cryptocurrency and would like to find something more understandable for me
    Like I said, cleaning windows, washing cars and other hands on jobs are the best way to earn money. You will make more doing this than you will investing in anything.
     
    Upvote 0
    No, I do not understand cryptocurrency and would like to find something more understandable for me

    You are asking for The Impossible Dream - there is no such thing as a truly passive income.

    Those things that are labeled 'Passive Incomes' also require engagement - i.e. you have to work at them!

    Even investors in companies spend their time researching the companies involved for weeks or even for months. Technical traders who look at graphs and rows of figures to find new bottoms or peaks and support levels, spend eight hours a day at their computers and Bloomberg terminals.
    If fully 'passive' so not a side hustle, fairly low risk investments are:
    • Treasury bonds. E.g short term treasury bonds in US yield around 2-3% currently).
    • Corporage bonds. E.g. investment grade corporatebonds yield around 4% currently).
    Those are of course well below inflation, so you would be losing about 10% p.a.
     
    Upvote 0

    _m14putri

    Free Member
    Aug 12, 2022
    30
    4
    I'm ready to work from home, I just need a remote job to start
    You are asking for The Impossible Dream - there is no such thing as a truly passive income.

    Those things that are labeled 'Passive Incomes' also require engagement - i.e. you have to work at them!

    Even investors in companies spend their time researching the companies involved for weeks or even for months. Technical traders who look at graphs and rows of figures to find new bottoms or peaks and support levels, spend eight hours a day at their computers and Bloomberg terminals.
     
    Upvote 0

    fisicx

    Moderator
    Sep 12, 2006
    46,676
    8
    15,375
    Aldershot
    www.aerin.co.uk
    I want to earn passively without going to work
    There is no such thing. If you want a passive income you need to do your research and indenting a product that meets your needs. There is no easy way to make money.

    Try getting a job first.
     
    Upvote 0

    _m14putri

    Free Member
    Aug 12, 2022
    30
    4
    As others have said, a 'passive income' is something that is sold to gullible people by smart (if crooked) people to make them lots of money.

    Making money will require risk and/or effort in varying

    How much money are you prepared to risk?

    What are your skill/knowledge sets?
    I have had experience with investments, but not the best, but I believe that to be successful you need to risk something.

    I'm willing to risk up to $4,000.
     
    Upvote 0

    fisicx

    Moderator
    Sep 12, 2006
    46,676
    8
    15,375
    Aldershot
    www.aerin.co.uk
    I understand that there are a lot of jokers here, but I'm really interested in finding something for myself
    Then do your own research. Nobody here is going to tell you what to do with your money.
     
    Upvote 0
    Status
    Replying to this thread has been disabled.

    Latest Articles

    Join UK Business Forums for free business advice