Achieving Passive Income Success

Passive Income Ideas
1

I started from nothing. After 20 years of hard work, I juggled side hustles alongside my full-time job. I invested in property (no longer do that), crypto, and index funds. Nowadays, I also have a portion in High-Yield Savings Accounts (HYSAs).

The formula is simple…

Earn. Invest. Repeat.

In the meantime, enjoy your life.

Have patience.

It’s a straightforward method. Almost impossible to fail unless you waste money on things you don’t need.

Anyone can do this. I came from a poor background and built everything from scratch. Literally.

After 20 years, I now live off my passive income.

You can achieve this if you truly want it.

So, where’s the information? If I post links here, the moderators remove my post, and people complain.

When I don’t post links, people also complain.

If I copy what I previously posted, people complain that it’s repetitive.

It’s simply not possible to please everyone here. The haters will complain regardless of what I do.

I’ve written over 1,000 articles in the past decade. You can find them on my profile, my Substack, and various websites. It’s not a secret. It’s well-documented.

But the point is that the details aren’t crucial. Just follow the formula above. It works.

Here it is again:

Earn. Invest. Repeat.

So, it doesn’t matter how I earned or invested. Do your own thing. Many paths lead to success. Follow your own.

Good luck!

2

Dru said:
Invest where?

For me, it was mainly property. Nowadays, it’s crypto and index funds. What you choose to invest in is entirely up to you. We all have different goals, timeframes, and risk profiles. The key point is to invest regularly and not just spend all your money, as most people do.

3

@Jasonhumphrey
If you had $100,000, what would you invest in? $100k seems insufficient for property, and just a HYSA isn’t enough either. I’d prefer to allocate a portion to start a business, but I’m lost on that too.

4

@Macon
In the UK, you typically need a 20% deposit for a buy-to-let property, so $100k is more than enough. However, I no longer pursue that route; I prefer index funds and crypto these days for better returns with less work and stress.

5

Milo said:
@Jasonhumphrey
Since you’re into crypto, are you also interested in the DePIN sector? Peaq network comes to mind when I think of this narrative. Their listing is coming soon.

I’m not familiar with it. I just hold a few coins long-term.

6

Congrats on your success! Proof that patience and persistence really pay off!

7

For your e-commerce products, how do you acquire traffic? Is it through advertising or SEO? What vendors do you buy from? What was the initial investment in the products?

8

Nico said:
For your e-commerce products, how do you acquire traffic? Is it through advertising or SEO? What vendors do you buy from? What was the initial investment in the products?

I no longer operate my e-commerce store; I sold it years ago. When I had it, nearly all traffic came from Google Ads. I sold branded products that had sufficient search demand, with minimal competition.

You really need to niche down to reduce competition.

I also avoid most generic products since they are challenging to advertise.

My initial investment was zero. For the first 2-3 months, I sold on eBay and dropshipped. Later, I set up my own site and bought in bulk.

Products were sourced directly from the manufacturer. They don’t sell to just anyone. I had to find them and negotiate deals. Some contacted me once my site gained popularity.

I would advise avoiding general wholesalers and places where anyone can buy.

I might create another site next year, possibly selling live edge coffee tables. I discovered suppliers by traveling, visiting markets, and asking questions.

I didn’t start with the goal of having an e-commerce site. I began by selling on eBay, and things took off from there.

Finding good products takes real work and time. I might travel for a year and find only a few good ones, and even then, they may not work. There’s no easy solution of buying product X from supplier Y and making money. Finding products is tough.

My advice: experiment with different products. It’s nearly impossible to predict what will work.

9

If you don’t mind sharing, how much money have you made from your investments?

10

Brady said:
If you don’t mind sharing, how much money have you made from your investments?

I’ve been doing this for over 20 years. I made $750,000 from my side hustles. I wrote about them at These Are the Side Hustles That Made Me $750,000 - by Mike.

Since then, I’ve made more from my current investments in crypto, index funds, and HYSAs.

I no longer have a job and currently earn between $60k to $100k a year from these. They compound, so that will grow over time. I don’t spend all the income, and I often generate substantial money from new side hustles I explore. So, earnings vary year to year.

11

@Jasonhumphrey
Well done! I make some money from the market every year.

12

Brady said:
@Jasonhumphrey
Well done! I make some money from the market every year.

That’s a solid approach. Just find what works for you and stick to it consistently.

13

Jasonhumphrey said:

Brady said:
@Jasonhumphrey
Well done! I make some money from the market every year.

That’s a solid approach. Just find what works for you and stick to it consistently.

What was the e-commerce business that generated the $500k?

14

@Toby
The $500k was split between $250k profit over 3 years and $250k from selling the business. I sold niche household products. Times have changed; I wouldn’t sell the same things today.

15

I’m fortunate to live in a good family home, but I make my own money. I’m 23 and doing exactly this. It’s incredibly reassuring to see that it works, and congratulations on your success! Thanks for the confidence boost!

16

@kelvin
Yes, it works 100%. Not many people have the patience, so kudos for sticking with it.

17

Last year, I earned more through investing than from my six-figure salary. I began learning about investing 4 years ago.

It’s a slow but very fulfilling journey, trust me!

18

Clay said:
Last year, I earned more through investing than from my six-figure salary. I began learning about investing 4 years ago.

It’s a slow but very fulfilling journey, trust me!

I agree completely. Investing is the way to go.