Safe passive income

[gnzsnhz98]

Hello guys, I'm a trader and already save 20k, I'm looking for a business to have a consistent income. In trading the things are not linear and I'm gonna have some red months but I'm looking for an idea to have that permanent income to stay more relax. I've been thinking on starting with vending machines but still no sure, also could save a little more to have the down payment for an airbnb but only 1 airbnb is risky so. What would you do to make a regular passive income with 20k ? Thanks you all

 

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[Kevin88660]

Hello guys, I'm a trader and already save 20k, I'm looking for a business to have a consistent income. In trading the things are not linear and I'm gonna have some red months but I'm looking for an idea to have that permanent income to stay more relax. I've been thinking on starting with vending machines but still no sure, also could save a little more to have the down payment for an airbnb but only 1 airbnb is risky so. What would you do to make a regular passive income with 20k ? Thanks you all

Too little an amount to move the needle. You need minimum 200k to feel an impact.

 

[gnzsnhz98]

Too little an amount to move the needle. You need minimum 200k to feel an impact.

Im not trying to make millions, um trying to make for the rent and food and here in chile is like 700 usd per month. With 200k i would be financially independent here

 

[Bounce Back]

Im not trying to make millions, um trying to make for the rent and food and here in chile is like 700 usd per month. With 200k i would be financially independent here

I feel like if I lived in a country like that I would focus on real-estate for critical things like little grocery stores where the tenant is most likely going to be stable and new competitors is hard (they'd have to convert surrounding buildings, etc.). Or exports (most likely something agricultural maybe as a wholesale/distributor but its not going to be passive). I'm not really sure of the resources your area has to utilize.

 

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[Kevin88660]

Im not trying to make millions, um trying to make for the rent and food and here in chile is like 700 usd per month. With 200k i would be financially independent here

If your expense is almost one k usd per month 20k is a good two years buffer.

You could use the money to up-skill and invest in yourself.

There is no way of you achieving financial independence for hitting a sum just worth ten years of your expense, assuming that you are not a terminally ill patient.

Financial independence, even by the lowest bar, means never need to at least work seriously for full time again.

 

[gnzsnhz98]

If your expense is almost one k usd per month 20k is a good two years buffer.

You could use the money to up-skill and invest in yourself.

There is no way of you achieving financial independence for hitting a sum just worth ten years of your expense, assuming that you are not a terminally ill patient.

Financial independence, even by the lowest bar, means never need to at least work seriously for full time again.

200k is not ten years of expenses, it would be differents apartments to be financially free, but with 20k is not enough to buy one apartment

 

[Kevin88660]

200k is not ten years of expenses, it would be differents apartments to be financially free, but with 20k is not enough to buy one apartment

I think its too early to think about getting any passive return with 20k. Invest in yourself instead.

 

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[NervesOfSteel]

Hello guys, I'm a trader and already save 20k, I'm looking for a business to have a consistent income. In trading the things are not linear and I'm gonna have some red months but I'm looking for an idea to have that permanent income to stay more relax. I've been thinking on starting with vending machines but still no sure, also could save a little more to have the down payment for an airbnb but only 1 airbnb is risky so. What would you do to make a regular passive income with 20k ? Thanks you all

From the 3rd world country POV, I would suggest to look for a small corner or shop in a market.

20k USD can buy a small shop in my country too.

I would develop it by spending something less than 2k USD over it and then rent it out to some small business .. like a food cart or a grocery cart or whatever staple sells in your local market.

The rent might make you happy as a passive income but the increment in value of the real estate will be your true profit after a decade!

My 2 cents from the 3rd world nation!

 

[gnzsnhz98]

From the 3rd world country POV, I would suggest to look for a small corner or shop in a market.

20k USD can buy a small shop in my country too.

I would develop it by spending something less than 2k USD over it and then rent it out to some small business .. like a food cart or a grocery cart or whatever staple sells in your local market.

The rent might make you happy as a passive income but the increment in value of the real estate will be your true profit after a decade!

My 2 cents from the 3rd world nation!

Thanks you, all ideas are appreciated

 

[RealDreams]

learn a skill first then monetize it, 20k is not enough to somehow make you richer by investing it in any endeavor unless you have some hard skills to pair it with.

I am a graphic designer, developer and also studied copywriting, marketing and psychology. I only needed 500$ to create a 6 figure business.

 

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[gnzsnhz98]

learn a skill first then monetize it, 20k is not enough to somehow make you richer by investing it in any endeavor unless you have some hard skills to pair it with.

I am a graphic designer, developer and also studied copywriting, marketing and psychology. I only needed 500$ to create a 6 figure business.

With all respect, maybe my post wasn't clear, but I'm already a trader, I'm not looking to make 6 figures business. I'm looking for something that give me 3 figures monthly and that's enough for me while I trade and I can cover for my monthly expenses and I think that 20k is enough, 200k is great but I'm not looking for that, I'm looking for cover my red month on trading.

 

[Oso]

With all respect, maybe my post wasn't clear, but I'm already a trader, I'm not looking to make 6 figures business. I'm looking for something that give me 3 figures monthly and that's enough for me while I trade and I can cover for my monthly expenses and I think that 20k is enough, 200k is great but I'm not looking for that, I'm looking for cover my red month on trading.

Are you asking what you can buy for 20k that will somehow magically make you thousands a month? It's possible, but you're still going to have to grow it, which will take time. Hop on Flippa or a similar site and buy an online business. 20k is plenty to buy something with potential.

Otherwise, if you want to just "cover your red spots," idk, gamble? Find a part-time job until you have all "green months?"

Furthermore, you're going to struggle finding help here if you're limiting yourself right off of the bat. You're essentially telling people they shouldn't invest their time helping/advising you.

"Yeah, 200k is nice and all, but that's not what I want." Uh... so, you DON'T want to make as much money as you can? Why be here then? Just keep trading and eventually you won't have "red months." You don't need our help for that.

This entire thread is confusing and seemingly pointless.

Cheers.

 

[gnzsnhz98]

Are you asking what you can buy for 20k that will somehow magically make you thousands a month? It's possible, but you're still going to have to grow it, which will take time. Hop on Flippa or a similar site and buy an online business. 20k is plenty to buy something with potential.

Otherwise, if you want to just "cover your red spots," idk, gamble? Find a part-time job until you have all "green months?"

Furthermore, you're going to struggle finding help here if you're limiting yourself right off of the bat. You're essentially telling people they shouldn't invest their time helping/advising you.

"Yeah, 200k is nice and all, but that's not what I want." Uh... so, you DON'T want to make as much money as you can? Why be here then? Just keep trading and eventually you won't have "red months." You don't need our help for that.

This entire thread is confusing and seemingly pointless.

Cheers.

Even the best trader in history had red month, it is a probabilities game, it doesn't matter how good are you in trading, red months are inevitable. And I'm not talking about magic formula to make thousands of dollar, I already said that 700 usd is enough and I told the vending machine examples because it is a good option for me and I'm not worry about operate them. The point of this post is not make the much money as I can, it is make a small amount of money but safer than other investments, 700 usd of 20k is just 3.5% and I'm not trying to make me rich with vending, I'm going to be millionaire by trading and real estate but meanwhile it's gonna be much easier to have a small passive income since trading is a lot psychological.

 

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[Oso]

the vending machine examples because it is a good option for me and I'm not worry about operate them.

But it isn't a good option for you. Once again, it sounds like you want something that's going to generate income for you without you having to put in time/work.

That simply isn't feasible unless you're purchasing an already established business.

Your vending machine example:

* Someone still has to consistently stock the items
* Someone has to collect money
* Someone has to handle maintenance
* Someone has to handle location selection
* Someone has to run data on product performance per location
* Someone has to do product selection per location
* Etc.

Sure, you COULD just buy some vending machines, put whatever bullshit in them you find, and hope they make you money, but at that point, you're just playing the lottery.

Cheers.

 

[Bounce Back]

Watch this and I don't think vending machines will seem all that safe/consistent anyways:

View: https://youtu.be/ORE2kqA1HD8?si=YIfG5nOmYdDKDWRI
.

 

[gnzsnhz98]

But it isn't a good option for you. Once again, it sounds like you want something that's going to generate income for you without you having to put in time/work.

That simply isn't feasible unless you're purchasing an already established business.

Your vending machine example:

* Someone still has to consistently stock the items
* Someone has to collect money
* Someone has to handle maintenance
* Someone has to handle location selection
* Someone has to run data on product performance per location
* Someone has to do product selection per location
* Etc.

Sure, you COULD just buy some vending machines, put whatever bullshit in them you find, and hope they make you money, but at that point, you're just playing the lottery.

Cheers.

I got your point but it is the idea of the post and I really appreciate your opinion, the debate it is the heart of the forum, thank you

 

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[Chriscross]

Buy a small department in Chile or Argentina and rent it in USD to prevent inflation. Saludos

 

[wanttogofaster]

700 usd per month

Can you post a link of an apartment for less than $700? I don't doubt it, I'm just curious to know what you get for that price.

How much would that aparment cost? Would 20K be a good down payment? Can you get a mortgage?

The corner store others suggested doesn't sound too bad, either.

Or, can you open an account and invest on some US stocks, bonds and reits?

 

[gnzsnhz98]

Can you post a link of an apartment for less than $700? I don't doubt it, I'm just curious to know what you get for that price.

How much would that aparment cost? Would 20K be a good down payment? Can you get a mortgage?

The corner store others suggested doesn't sound too bad, either.

Or, can you open an account and invest on some US stocks, bonds and reits?

The apartment that i lived cost 400 usd per month, has 2 bedrooms + 1 bathroom and living room. Maybe sound cheaps for you but the minimum salary here is 460 usd

For now investment in us stock is not an option for me because the market is really high, I'm gonna wait a crash or something to put some money there

 

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[AceVentures]

No such thing as passive or safe.

Take some risk and get active.

Unless you're 75 years old and can't move - you've got no business seeking safety or passivity.

 

[MJ DeMarco]

BOTH SGOV and BIL yield 5.3%, completely passive and paying monthly. It's 3 month US Treasury which in basic finance supposedly is the "risk free" rate.

I use these two to pay off my 2.25% mortgage.

However, the way government spending has become, I'd argue it isn't risk free at all, and has substantial default risk.

At some point I will start taking money off the table and throwing it into something more tangible.

 

[NervesOfSteel]

Can you post a link of an apartment for less than $700? I don't doubt it, I'm just curious to know what you get for that price.

How much would that aparment cost? Would 20K be a good down payment? Can you get a mortgage?

The corner store others suggested doesn't sound too bad, either.

Or, can you open an account and invest on some US stocks, bonds and reits?

You can buy a 1000 sq feet condo in the corner of my city for approx 60K USD.

They usually generate a rental of $250 - $300 monthly. The tenant usually pays for the minimum maintenance of the property.

Commercial properties in the same corner of the city, would cost around $45k to $50k for approx 250 sq feet shop and would generate a rental of approx $350 monthly.

Rental usually rises by 10% annually as a standard norm if a contract is signed for upto 5 yrs or so!

 

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[wanttogofaster]

The apartment that i lived cost 400 usd per month, has 2 bedrooms + 1 bathroom and living room. Maybe sound cheaps for you but the minimum salary here is 460 usd

Not cheap or expensive, I just wanted to get an idea of what it looks like. Is this in Santiago or somewhere else?

 

[wanttogofaster]

You can buy a 1000 sq feet condo in the corner of my city for approx 60K USD.

Are you in South America?

 

[gnzsnhz98]

Not cheap or expensive, I just wanted to get an idea of what it looks like. Is this in Santiago or somewhere else?

Is in santiago

 

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[wanttogofaster]

Is in santiago

How much is a similar apartment? You mentioned Real Estate, do you want to be a landlord?

How much do you need to put down? Can you get a mortgage?

 

[gnzsnhz98]

How much is a similar apartment? You mentioned Real Estate, do you want to be a landlord?

How much do you need to put down? Can you get a mortgage?

Probabli 120k, it would be a good option if I would buy it on 30 years, beside that invest in only one apartment it is too risky because find a good tenant it is not that easy

 

[wanttogofaster]

Probabli 120k, it would be a good option if I would buy it on 30 years, beside that invest in only one apartment it is too risky because find a good tenant it is not that easy

Unless you have enought to buy more than one property at once, you need to start with one.

But buying a $120K property to rent it out for $400 a month is a terrible investment.
At 0%, your monthly payment would be almost $300 and I really doubt you can get a 0% 30 year mortgage. That's not even considering the cost of insurance, HOA, maintenance and repairs, etc.
I would look at cheaper properties or something else (short term rentals?), at least for now.

 

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[gnzsnhz98]

Unless you have enought to buy more than one property at once, you need to start with one.

But buying a $120K property to rent it out for $400 a month is a terrible investment.
At 0%, your monthly payment would be almost $300 and I really doubt you can get a 0% 30 year mortgage. That's not even considering the cost of insurance, HOA, maintenance and repairs, etc.
I would look at cheaper properties or something else, at least for now.

I agree, i will consider to buy a site near a touristic city and save more to build airbnb's, it is cheaper, it's gonna be more work but for now seems like the better option