Let’s say you have some money just sitting in your savings. Would you let it stay there?
What else would you do with that money to make it work for you? Would you invest in stocks? Real estate? Would you consider borrowing money?
I’m curious to see what most of you would do with your money to gradually gain some passive income.
What would you do if you had $5k set aside? $10k? $25k?
I run a water filter business. I was making about $1,000 a month selling fridge filters, but now I focus on commercial filters and haven’t paid much attention to the fridge filter side. I’m happy to wholesale some of that if you’re interested. At the time, I was only spending about 2-3 hours a week on it. If this sounds interesting, feel free to DM me.
@Elliot
Hi - I’m also interested! Please DM me with any information.
@Elliot
Hi, I’m interested as well. Can you help me get started?
Kim said:
@Elliot
Hi, I’m interested as well. Can you help me get started?
For sure. Feel free to DM me.
@Elliot
I’ve seen you post about this before. If you’re interested, I’d like to hear more. I have plenty of time on my hands.
Val said:
@Elliot
I’ve seen you post about this before. If you’re interested, I’d like to hear more. I have plenty of time on my hands.
Hey, yeah for sure. Shoot me a DM and let’s connect. I’d be happy to answer any questions and get you set up.
@Elliot
DM sent. Please check.
@Elliot
Bro is making passive income with this Reddit. I respect it, sir! Thanks for raising us all up!
Leith said:
@Elliot
Bro is making passive income with this Reddit. I respect it, sir! Thanks for raising us all up!
For sure, my dude. Thank you as well.
@Elliot
Can I get in on this action too, haha?
Davis said:
@Elliot
Can I get in on this action too, haha?
Absolutely. Feel free to DM me.
@Elliot
I am also interested.
I already have enough passive income to live off. It comes from crypto, index funds, and HYSAs. It’s pretty simple. Earn. Invest. Repeat.
I wouldn’t suggest saving money first and investing later. I’d recommend investing monthly right away. It’s the simplest approach. Most people try to over-complicate it. Don’t be like them.
@Flint
How old are you, and how long did it take you to get to this point? Also, about how much were you investing monthly?
Arin said:
@Flint
How old are you, and how long did it take you to get to this point? Also, about how much were you investing monthly?
Took me around 20 years. I’m in my 50s now. I don’t know how much I invested, as it was spread across different investments at different times. For example, when I had $20k, I might have used it as a deposit for a house to rent out. I bought 8 over the years, all sold at different times. Only recently did I invest larger amounts into index funds and crypto.
If I could do it all over again, I’d skip property and just add monthly to index funds and crypto.
@Flint
Do you trade crypto? How is it passive for you?
Peyton said:
@Flint
Do you trade crypto? How is it passive for you?
I just buy and hold long-term. I may swap some positions now and then. I swapped some ETH for SUI last month. I don’t think I traded anything last year.
@Flint
I understand, thanks. No dipping into alts, huh, just safe stuff like ETH and such.
Peyton said:
@Flint
I understand, thanks. No dipping into alts, huh, just safe stuff like ETH and such.
Yes. I only have BTC, ETH, SUI, SOL, and RENDER. I’m not against alts, but I prefer a simple approach.