Offline passive income
- Thread starter bestwriter
- Start date
You can invest in a very good local business as a silent partner . it will provide profit from the shares you have invested without active participation and a it's very good way to make money.
Creating outdoor billboards is a very good investment options. You will lease the space on your property for a billboard advertising and you will earn a regular income from it.
Building offline passive income requires upfront investment, time and you also need to involve a careful and well-detailed planning . Choosing opportunities that is aligned with your interest and financial goal is also very important.
Renting out a house as a place to live is a good business, but you have to be firm in asking about payments that are due. Because many people here don't pay for between 3-5 months and the residents run away without permission.
- Thread starter
- #27
Certain Sites pay you when you get responses on your thread such as myLot and this can go on for months and that is what is meant by passive incomeSo, do you consider income from PTP sites to be passive income? There's nothing wrong with that, but for me this is not passive income because to get it I still have to actively write and post.
No, I don't consider it passive income. I also have an account on Mylot, but if I don't actively interact I don't get anything. I haven't come to Mylot for a long time because I'm busy and not motivated.
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- #29
Nowhere can there be passive income if there is no initial activity You cannot sit with your hands folded expecting passive income. 
myLot does have that facility when users comment on posts that are ages old.
myLot does have that facility when users comment on posts that are ages old.
In my opinion, passive income in the world of writing is when someone has a book published and he gets royalties from it for books that have been sold. Oh yes, regarding Mylot, I only think of it as a site for fun, because the payouts there are very low.Nowhere can there be passive income if there is no initial activity You cannot sit with your hands folded expecting passive income.
It's a very good idea, to avoid delinquency from tenants who apply prepayment for 1 year, so I only need to control the electricity and water payments, which they send via Whatsapp.
Yes, it's a good idea, but for yearly house contracts here it's less attractive. Because it's too hard for many people. So people prefer monthly prepayment contracts. So, the solution is that after 3 days the due date has passed, we have to collect or remind them to pay immediately.
I think most banks are regulated by the Central banks. In that incense all the deposits made on the Bank system are protected by a special insurance scheme that compensates bank customers Incase of the bank downfall.
We do have a diverse financial portfolio. We have two apartments in the same complex on rent orger than the penthouse where we live. We do keep some part of our money into bank as Fixed deposit and recurring deposit. It's the safest traditional way. We invest some in risk portfolio like Mutual funds,
Stocks etc.
Stocks etc.
The rent itself is a passive income because every month you get money from people for renting an apartment which could be a lifetime job and then not like people working a month to get a salary you could have decent amount of money so this differs from investor which has risk in each single transaction of money.
Buying a real estate property and renting it out is a good way of passive income in long run. It does come with its own sets of troubles too. Finding a genuine tenant, going through the legalities and agreement thoroughly and regular maintenance are some to mention. I have met people who avoid ut and rather go for traditional way of putting money in the bank.
I think that offering loans for a few interest can be considered as an offline passive income since we will just wait for some time and we will have an instant earnings.
I always keep all my money in the bank, if I receive money in person I always take it straight to the bank as I know my money is safe.
I do know that my bank recently increased the amount of interest funds in your savings account can accumulate so I have been moving money over to my savings and keeping it there for rainy days and even things such as Christmas.
I do know that my bank recently increased the amount of interest funds in your savings account can accumulate so I have been moving money over to my savings and keeping it there for rainy days and even things such as Christmas.
I keep my money in the bank, it is the safest way. I chose the best bank. My passive income derives from the property I inherited from my parents, a 1-hectare coconut farm which is rented by a big-time coconut farmer yealty. I save the rent fees in the bank. I plan to invest more.
Many people do that. But then most opt for taking loan from bank because the legalities are clear. If you are giving it at interest rate much lower than the bank and financial institutions, you will get clients. Getting a good client will be crucial. Sometimes, it gets tiring to extract money from them.
