Comments on: Passive Income Ideas

By: HelpALocalBusiness

HelpALocalBusiness — Fri, 11 Nov 2011 08:42:42 +0000

HelpALocalBusiness…

[...]Passive Income Ideas | HalOtis[...]…

By: Jaime Lim

Jaime Lim — Tue, 13 Apr 2010 10:37:12 +0000

If you’re planning your retirement with nothing but your earned income to retire on, you may not be able to retire as comfortably as you want to. In fact, you may not be able to retire at all since your expenses still continue even after your earned income stops, forcing you to get another job beyond your retirement.

This is where passive income plays an important part. Ideally, even as you are still gainfully employed and earning earned income, you should already be accumulating or working on your passive as well as portfolio incomes.

And as Rich Dad suggested, you should make it your goal to have your
WEALTH RATIO equal to or greater than 1.

By: Darrell R. Wild

Darrell R. Wild — Thu, 07 May 2009 18:19:14 +0000

I have been involved in the hotel business for 35 years. I believe the best real estate investment is hotel rooms. Rent is paid daily and when area wide events are held hotel rooms go for big bucks. Problem is you need many hotel rooms for operation efficiency making the investment only for the big investor. Therefore, the condo hotel was the answer, but greedy developers priced the condo hotel rooms so high the investor could never get a return.

Solution: Buy hotels that now are for sale at rock bottom prices with a developer that will sell them at them at or near the cost-to purchase plus cost of upgrade so they can be marketed at or above the local competition. Be sure the developer has a business plan for the hotel operation that will bring the travellers back to the hotel and not the same operation that brought the hotel down. Contact 608-755-1284 or drwild@iresinc.biz

By: Dan

Dan — Mon, 01 Dec 2008 21:16:00 +0000

I’m intrigued by your website and your real life example. I started this year into real estate investing and have a town-home duplex completing construction this month (Dec). My education tells me build-hold-rent will work nicely and is repeatable when the investment capital builds up. What I’d like to learn is “other” forms of passive income. I’ll stay tuned.

Yes, another garden variety Rich-Dad convert here. Dang proud of it too. Cheers and may fortune favor the bold!

By: Scott

Scott — Mon, 07 Jul 2008 19:47:39 +0000

Good list you’ve started for passive income. I would also think Prosper loans as an investment/passive income opportunity. It does take an upfront investment though, and it does contain risk. Some also mention blogging as passive income, but it does require work and maintenance. I’ve also read that people have had some luck with domain investing. But again, takes some upfront capital. Good list. I sumbled it!

By: James O'Kelly

James O'Kelly — Fri, 23 May 2008 16:21:37 +0000

Yeah, it is funny how fast we can spot those with a Rich Dad, when we have our own :D

By: Tori

Tori — Wed, 13 Jun 2007 17:14:30 +0000

Some extras (expansions on the previous ones, number 2 and 7):

- making software for a specific industry (ex: estimate-creating software catered to auto-repair industry)

- sample price lists, order forms, etc. specific to a certain industry (ebook):
I recently bought a sample price list created by another interior decorating company. I wanted to see what kind of prices other workrooms were charging and have something I could just make a few changes to and call my own. This seems to me an excellent idea for some passive income because there are likely a lot of small service businesses looking for this type of thing. They charged $15 for it, which looking back was a little too much to pay for what they gave.

By: Tori

Tori — Wed, 13 Jun 2007 15:46:55 +0000

A Kiyosaki buff are we?