I’ve just started my career as a software developer and I get paid decently. But I still have a lot of free time after work, so I want to build a passive income source to cover my extra expenses.
I’d love some suggestions or guidance on this. I do some swing trading, but as you know, it’s not guaranteed income, so I’d like something more stable.
If you’re interested in starting something of your own, why not use your free time to build software? Look for problems you notice with technology or things you’d like to improve. Build a minimum viable product (MVP) and get it out there quickly, then adjust based on feedback. If it’s low-maintenance, it could bring in extra cash.
First, be careful of messages offering all kinds of opportunities. Most are scams.
To build passive income with good returns, you usually need a lot of money to invest. Running a business takes time and effort, even if you outsource some work. There’s no such thing as paying someone else to do everything while you sit back.
Be realistic, or you might get scammed. Passive income is possible, but usually, it requires a large initial investment or a lot of work. The truly passive sources won’t make you rich unless you have a lot to invest and make smart choices.
You need to decide what kind of passive income you’re looking for. Do you want to put in time every day, or something with low maintenance?
If you’re okay with putting in time, consider SaaS or SMMA. Find someone good at it and learn from them, but be careful of scammers. Make sure you have a contract that protects you.
I know of a passive income app. It won’t make you rich, but it could get you a few hundred a month. It mines Bitcoin directly on your phone—no ID, deposit, or purchase needed. DM me if you want the name and referral code.