They look like really well done apps, congrats on (kind of) exiting the rat race!
If you're in your twenties and thirties, it is absolutely worth scrimping and saving to put as much as possible into a retirement account that tracks the S&P 500, or the worldwide stock market, because this is the single surest way for "normal" people to retire rich.
I don't have much of a better idea tbh but I'm always seeking alternative investments.
If you don't want to dump $3K in one go, there's VT:
Dividends or rent collection qualify as passive income.
Capital gains are taxed at 20% and can be offset against personal losses, whereas dividend income is typically taxed at 32.5 - 38%, and that's after the company issuing the dividend already paid corporation tax of 19% on their end.
From what you say, dividends seem like a negative thing taxes-wise, so why would any company opt pay them out? I’m sure there’s some intricacy there.
Most people get away with doing this because they use tax sheltered accounts, or the amount would be below their tax-free allowance.
Ref: "Accumulation units – the income tax loophole that never was" - https://monevator.com/income-tax-on-accumulation-unit/
More technical reasons follow.
The risk profile is very different. Rents, dividends, and interest payments all have some notion of a guaranteed payment. Your risk is primarily whether your counter party will be able to honor that agreement. This is why bond investing is often called "fixed income" because you know ahead of time how much money you'll make.
Asset appreciation has immense market risk. You need to find a buyer willing to pay more for what you paid for it. In the case of companies the economic risk are higher too: if the companies cashflows dwindle or debt increases the shares are fundamentally worth less.
This is why there are often tax distinctions between guaranteed income streams and capital investments: in theory, a government wants to encourage investment in risk and discourage printing guaranteed monthly checks. This does create a regulatory arbitrage, however, where companies can buy fixed amounts of their own stocks to guarantee some amount of appreciation in lieu of a dividend.
Best for me is EU crowd funding sites for real estate. Typical yield is 12-20%. So called "Hard money". Banks in europe don't touch this after the 80s blow ups.
Nexo - popular in the crypto world takes the funds and puts them there (but keeps 2-3%) as well as payday loans for eastern europeans.
This means $100/mo of recurring, passive income would take $40K in the bank to replace.
Even a small passive income is worth huge amounts.
Still, it is a good option if your finances allow.
Lol, guys, it's a joke.. kinda.
Also lost money, but I memed my way out of it somehow.
(It's the mobile version of https://nathanfriend.io/inspiral-web/)
(I believe in diversifying for the usual reasons and sometimes do it, but usually regret it in retrospect. Maybe someday I won’t regret it.)
It looks like I will regret diversifying again this year.
Brings in around 400 euros a month from ads and in-app purchase revenue.
I'm fully open for any suggestions.
It's not passive: I started investing into stocks and sold almost all for about 5% profit in total. I think many won't like it, but I used that money and invested into different cryptocurrencies. I ended up with about twice my total investment and on some days I earned more per day, than monthly with my dayjob. The goldrush wasn't forever though, because after may I'm back to my initial investment.
First the terminology I used is wrong, it's not an investment, it's a mere speculation. Because the outcome is totally in the air. Right now there is not enough developer saturation in cryptocurrencies, which in my opinion is a crucial driver of industrial adoption. This may change, when the "safe/verified" development of smart-contracts and blockchain interoperability becomes easy for most developers. Transaction costs are a sign of technical debt. So there is no doubt that there will be many hardforks coming.
Context: My Professor assigned me the study of "Consensus Algorithms" and the implementation of these in 2009. That made me go into a very deep rabbit hole. And I stumbled over many technologies enabling cryptocurrencies, but came out at the book he was currently reading about "Cellular Automata". That made me awe nature and it's ingenuity.
I have wrongly been anti-commercial most of my life, that's why I intentionally missed bitcoin in 2010. Regardless of all the hype it's of no industrial use at the moment as long as there aren't good developers enabling it's application in the industry and at scale.
I unfortunately didn't have had a circle of people who invest, rather more those who sit at the bottom of the barrel. Waking up and taking my own finances serious took way too long.
Crypto is a speculation even though I invested almost all of my assets into it (€28k). I'm okay losing it, as long as I'm able to find a good job paying at least 2.7k net/month, which allows me to diversify my invests into less speculative assets.
The Fact of the Moon Is Stranger Than Most Dreams https://www.amazon.com/dp/B095L3L4Z1/ref=cm_sw_r_cp_api_glt_...
But I feel like making a SaaS isn't really passive income — it's flywheel income. Takes a lot of up-front work to get it spinning and then requires a little effort here and there to keep it going.
Traffic (PPC): Approximately US$ 10K a month. You have to have names that have type in traffic.
Sales: Not truly passive as we do reply to inbound inquiries and manage a sales pipeline. It's highly lucrative if you have .Com domains that businesses want.
9x9 hard sudoku puzzles https://extremesudoku.info/hard