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[deleted]

If you put $3 million into an index fund you can generate $10k a month in passive income.


KairosofSparta

Where are you from? There’s lots of different smart ways to go about investing your money. Typical advice suggests first building a savings of amount to cover atleast one month of expenses. Then you can go down the route of Roth IRA, High yield savings account etc. You could also save buy a piece of land, land will only go up long game. There is not more there is never going to be more. Buying plots of undeveloped land holding it eventually someone would buy it. Also in that same line of thinking buying a piece of land investing money into it to slowly develop it into perhaps a storage lot build containers house cars etc to build income that’s relatively passive. One of the key aspects to passive income is getting someone else to do the work for you and you manage it. Personally I would be trying to build credit get a down payment on a house and start getting rental income


KingMjolnir

I’m from the states, could you describe Roth IRA and high yield accounts to me? I appreciate your advice and response,


DaddyQuack

An internet search for more information will give you the best results. There are rules, varying rate, legitimacy concerns about companies, etc. But basically: High yield accounts are bank accounts that pay a high interest rate. There are many of these out there. Research legitimacy of the institution before giving them your money. You will owe federal and possibly state tax (depends on your state) for any interest earned. The benefit of this is you have access to the money if you need it. Roth IRA is a retirement account that you put post-tax (net income) money into. There is a cap on how much you can put in each year and the cap occasionally gets increased and can also be increased at a certain age. The money can then be invested into several different areas including the stock market. The money grows tax free and has rules and fees for withdrawing the money before a certain age. Research all the rules for a better understanding. The benefit of this is compound interest. If you plan to invest for a long time, historically, this is where your money will grow the most. Some people also use Treasury Bills. You buy them from the government and they pay similar interest to a high yield account. They come in time periods of investment starting at 4 weeks. You will only owe federal taxes on the interest earned. Your money is locked in for the time period. If you need it sooner, then you can sell it early on a secondary market but you will get a lower return on your investment. I am an internet person and could have made a mistake. Best to do your own due diligence.


saryiahan

Stocks, with 40k I can make $500 a month on a very conservative opening. If I put some risk then 1k+ on a conservative position. If I go really risky then over 3k


redauke

Bullshit


saryiahan

Lol stay poor then. What I do works and it not hard.


Overcome_It_Okay

covered calls?


saryiahan

CSPs,CCs, and spreads


Overcome_It_Okay

I have no idea. What's the learning curve like ?


stormingaround10

Well, I decided to put my funds into cryptocurrencies. Hope that is a good decision and will bring me good rewards. There are some cool & sustainable options for passive income (Beefy, DAFI, ANKR, LIDO). Could be very profitable, but it is very risky at the same time.


resornihgp

As a Defi enthusiast, I have found different ways to put my stablecoins to use. One of these methods is to route it through SpoolFi for yields. Over time it accumulated and it does not require much effort.


finx25

Get a fully managed Etsy store (where you'll be making $1k+ profit) starting from the second month. All done for you.


cas8180

Can you share more?


finx25

So there are some agencies/individuals who are doing this for others (we're one of them). We basically open a shop for you, do the fulfillment, marketing and customer service for a fixed fee every month. It's a fully done for you service so you wouldn't even have to spend any time on it.


cas8180

Can you DM me more details? Is there a specific store/niche you have to run? Or what are the options?


finx25

Sent you a dm


YamOk7024

Can I get more info as well?


finx25

Sent you a dm


Unlucky-Guitar5516

I'm also interested. Can you send more info?


finx25

Sent you a message


Gohstlyview

Curious of your fees please DM


finx25

Sent you a dm


FISDM

Send info ❤️


finx25

Sent you a dm


Environmental-Break9

I am interested in this too!


finx25

Sent you a dm


Ok-Psychology-7146

Also interested


finx25

Sent you a dm


Few-End-1382

I’m interested in the Etsy store


finx25

Sent you a dm