How to make $30-150 dollars a day making small investments

I’ve been doing so much research on passive income streams that I’m glad it’s a long weekend.  There are literally hundreds of different things you can do that will generate passive income!

A major franchise business or restaurant is a great example of a single source of income, but most need somewhere between $1-2 million in order to qualify. The advantage is your buying into a guaranteed (usually 6 -7 figure) income and business model. Another one is land lording. Buying a house  and renting it for passive income won’t be enough to retire, but a small apartment building might bring in enough to live comfortably.

The average american income is around $50k. After bills and expenses there is not much left to save, even in the best case of saving $25k a year on average. There’s tens of millions who are below the average income in America. Many people are living month to month, unable to save much or at all.

The truth is there are very few single things that you can buy into or invest in that that will give you a guaranteed steady income without first having millions of dollars in the bank. The good news is, it still may be possible to break free within a few years by purchasing lower value investments with lower returns, and amassing 3-4 of these over a period of five years.

There are a franchises that are much cheaper, like Vangaurd Cleaning, ReMax Reality, and Liberty Tax Service. The drawback is the return is not high enough to retire immediately- but it will boost your annual income. They start at $3K, so they could be a good in for some people that don’t have much spare cash. You can also sell them to other investors if invest and don’t think it’s right for you after a while, so that lowers risk.

It seems that the best thing to do is to set up multiple sources of passive income across time. You can’t afford much now. So, you have two options which you must execute in tandem. You must save your money for a long time, and invest in something big. Or, you can save your money for a while and make a series of smaller investments.

By doing this, you can more quickly expand your portfolio of investments. Let’s say your an average American who’s been saving your money for three years. After unforeseen financial impacts, the $75k you should have is in fact $52K. There’s still at least 50 investments you can make today on this list.

If you make an extra $3600 a year from one of those investments, you’ve added 14% to your annual base income. You’d now make $28.5k. Was your last raise that much of an increase?

Now, where did I get $3600 from? If you look each franchise on the list, you see that the net gains are often higher than that

I say $3600 because that is the first milestone you should set- try to make $10 a day via passive income. It’s very likely in the first year you will exceed this. The next goal is $20 a day, then $30, and so on. If you can make $100 dollars a day, you will bring in a considerable amount of passive income.

dollday

Assuming you have $50,000 now- or will soon. These two table show business plans based on making small investments. On the left, we assume $10 dollars a day for each investment. On the right, one $20 and three $30. You can make your own and mix and match daily net gains. Please note that investment income should be separate from savings. I deducted 20% for unforeseen expenses. On the right, if you notice, you will bring in $37,000 of passive income annually. That’s more than you make in savings. Two more years of this and you could quit your day job.

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The ethics of Advertisements and Passive Income

Despite ads being such a large component of today’s society, the ethics of advertising are rarely discussed publicly. Personally, I use Adblock Plus to block advertisements on the web on my home computer. I do this because I think most advertisements clutter up web pages and detract from the user experience. At work, we can’t install plug ins like that. From experience, I can tell you that advertisements can make it hard to find useful information on a page.

Furthermore, I detest how some advertisements try to illicit some sort of emotional response by attacking things like body image or personal hygiene. Millions of other sites though contain ads all over their user interface. Some desktop applications even have adds! You’ve probably seen a site like this below- three ads on the page and you haven’t even scrolled down.

adds

In my search for passive income streams, one that’s come up a lot is using Google Adsense or a similar service (clicksense) to generate advertisement revenue. Adsense will pay you per link click, usually 1-25 cents. I used adsense once before in college. I made a resource website for a Screenwriting Club and decided to try out adsense to see where it would get me. It made over $100 dollars in two months time just from students in the club using the page (and a few hits from other countries).

I went to the resource site one day at a library computer and I saw ads for diet pills and teeth whitening. I didn’t want the users of my site to see this kinda garbage! I refreshed the page to see more junk. Again, and again, and again! I logged into my account right there in the library and pulled the ads from my site.

Despite making a profit, I decided to stop using adsense because I did not feel comfortable with it ethically. Sure, it made me money. But it was at a heavy cost. I lost all editorial control over what adds were featured on my site. This meant that products or ideas that I did not endorse could be ‘calculated’ to show up as an advertisement on my site.

I am not 100% against advertising or endorsements through affiliate programs, but I don’t want to loose editorial control over my sites content either. I think advertising is important and crucial to the success of many business and industries. I appreciate creative and clever advertisements that work off of whit or humor to get the message across. Ads like these are rare though. It seems they only show up during the superbowl anymore. 99% of ads are useless junk.

There will never be an advertisement on this site that I have not personally approved. I refuse to make banner ads, popup adds, or to put adds in between paragraphs of text. I don’t want my users to have a bad experience. I would never endorse a product or service as an affiliate that I personally didn’t already think was awesome. I can’t lead people on like that. My goal isn’t to become an internet salesman, my goal is to be free.

I may consider a single sidebar add to help cover domain name costs, but it will likely be curated by myself personally and not by a service. I would want the ads to be relevant to the site, and actually lead the user to useful and helpful information rather than try to make a few cents off of a click.

There can be no denying that advertising on a website can make you passive income, but I personally have reservations about making money off of advertisements. Because of this, you probably won’t see any ads on my blog ever.  I will likely not make any passive income from advertisements, and that’s definitely a personal choice. For those looking for passive income… you can do online ads and you will make money… but at the cost of user trust in your site or service if you go overboard with it.

I would love to hear the communities thoughts of advertising and the ethics of it. How do you feel about advertisements on the internet?

How to make $30-150 dollars a day making small investments

I’ve been doing so much research on passive income streams that I’m glad it’s a long weekend.  There are literally hundreds of different things you can do that will generate passive income!

A major franchise business or restaurant is a great example of a single source of income, but most need somewhere between $1-2 million in order to qualify. The advantage is your buying into a guaranteed (usually 6 -7 figure) income and business model. Another one is land lording. Buying a house  and renting it for passive income won’t be enough to retire, but a small apartment building might bring in enough to live comfortably.

The average american income is around $50k. After bills and expenses there is not much left to save, even in the best case of saving $25k a year on average. There’s tens of millions who are below the average income in America. Many people are living month to month, unable to save much or at all.

The truth is there are very few single things that you can buy into or invest in that that will give you a guaranteed steady income without first having millions of dollars in the bank. The good news is, it still may be possible to break free within a few years by purchasing lower value investments with lower returns, and amassing 3-4 of these over a period of five years.

There are a franchises that are much cheaper, like Vangaurd Cleaning, ReMax Reality, and Liberty Tax Service. The drawback is the return is not high enough to retire immediately- but it will boost your annual income. They start at $3K, so they could be a good in for some people that don’t have much spare cash. You can also sell them to other investors if invest and don’t think it’s right for you after a while, so that lowers risk.

It seems that the best thing to do is to set up multiple sources of passive income across time. You can’t afford much now. So, you have two options which you must execute in tandem. You must save your money for a long time, and invest in something big. Or, you can save your money for a while and make a series of smaller investments.

By doing this, you can more quickly expand your portfolio of investments. Let’s say your an average American who’s been saving your money for three years. After unforeseen financial impacts, the $75k you should have is in fact $52K. There’s still at least 50 investments you can make today on this list.

If you make an extra $3600 a year from one of those investments, you’ve added 14% to your annual base income. You’d now make $28.5k. Was your last raise that much of an increase?

Now, where did I get $3600 from? If you look each franchise on the list, you see that the net gains are often higher than that

I say $3600 because that is the first milestone you should set- try to make $10 a day via passive income. It’s very likely in the first year you will exceed this. The next goal is $20 a day, then $30, and so on. If you can make $100 dollars a day, you will bring in a considerable amount of passive income.

dollday

Assuming you have $50,000 now- or will soon. These two table show business plans based on making small investments. On the left, we assume $10 dollars a day for each investment. On the right, one $20 and three $30. You can make your own and mix and match daily net gains. Please note that investment income should be separate from savings. I deducted 20% for unforeseen expenses. On the right, if you notice, you will bring in $37,000 of passive income annually. That’s more than you make in savings. Two more years of this and you could quit your day job.

capture