The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success

Yieldstreet.com

Remove ads while supporting the Unscripted philosophy...become an INSIDER.

bassiealaina

New Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Aug 27, 2020
20
18
17
Pompano Beach, FL
Hi everyone,
I am currently researching to start my passive income fund and www.yieldstreet.com popped up.
Does anyone have any experiences working with them?
Thanks in advance,
Alaina
 

Don't like ads? Remove them while supporting the forum. Subscribe.

Raja

Bronze Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Dec 31, 2019
569
384
139
from my understanding everybody wants to earn passive income, I was in that trap also.

but the catch is you can't with a low volume of cash.
you will need millions of dollars to earn 100k a year of passive income.

do the work in earning million and then invest it in assets(ITF, REIT, Rental property, bonds, dividends)

don't be like me I wasted a year thinking to earn passive income in reality I didn't earn a penny, not active not passive none. thinking if it's not passive its not good enough but the thing is the life of luxury demands sacrifices firest.
 

bassiealaina

New Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Aug 27, 2020
20
18
17
Pompano Beach, FL
from my understanding everybody wants to earn passive income, I was in that trap also.

but the catch is you can't with a low volume of cash.
you will need millions of dollars to earn 100k a year of passive income.

do the work in earning million and then invest it in assets(ITF, REIT, Rental property, bonds, dividends)

don't be like me I wasted a year thinking to earn passive income in reality I didn't earn a penny, not active not passive none. thinking if it's not passive its not good enough but the thing is the life of luxury demands sacrifices firest.

Thanks for the input.
Can you please recommend which kind of account you used to save your money month to month?
 

Raja

Bronze Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Dec 31, 2019
569
384
139
Thanks for the input.
Can you please recommend which kind of account you used to save your money month to month?
I am in the process, not earned enough that it matters.

simple saving account for my case (4.5% interest rate- india) but still it does not matter.
I suggest using a combination of Recurring deposit, ITF like s&p 500, REIT, and bonds.

but first and foremost save 6 months to 12 months of expense in a saving account, this is not to make you rich but to save you from your troubles. example suppose another pandemic hit and you lost all your income sources even then you have 6 months to get your shit together and It can last longer if you live frugally.

there is no get rich quick scheme

start making money and if you can't get any min wage job (If you think you are good enough to get this job then why haven't you got one)and make a habit to save.[IMP]
save 6 months of your current expense.
invest in a mixture of the assets for a long period of time and keep investing
learn to increase your income
this repeats the cycle
 

bassiealaina

New Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Aug 27, 2020
20
18
17
Pompano Beach, FL
I am in the process, not earned enough that it matters.

simple saving account for my case (4.5% interest rate- india) but still it does not matter.
I suggest using a combination of Recurring deposit, ITF like s&p 500, REIT, and bonds.

but first and foremost save 6 months to 12 months of expense in a saving account, this is not to make you rich but to save you from your troubles. example suppose another pandemic hit and you lost all your income sources even then you have 6 months to get your shit together and It can last longer if you live frugally.

there is no get rich quick scheme

start making money and if you can't get any min wage job (If you think you are good enough to get this job then why haven't you got one)and make a habit to save.[IMP]
save 6 months of your current expense.
invest in a mixture of the assets for a long period of time and keep investing
learn to increase your income
this repeats the cycle
 

bassiealaina

New Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Aug 27, 2020
20
18
17
Pompano Beach, FL
I am in the process, not earned enough that it matters.

simple saving account for my case (4.5% interest rate- india) but still it does not matter.
I suggest using a combination of Recurring deposit, ITF like s&p 500, REIT, and bonds.

but first and foremost save 6 months to 12 months of expense in a saving account, this is not to make you rich but to save you from your troubles. example suppose another pandemic hit and you lost all your income sources even then you have 6 months to get your shit together and It can last longer if you live frugally.

there is no get rich quick scheme

start making money and if you can't get any min wage job (If you think you are good enough to get this job then why haven't you got one)and make a habit to save.[IMP]
save 6 months of your current expense.
invest in a mixture of the assets for a long period of time and keep investing
learn to increase your income
this repeats the cycle

Thanks for all of your advice.
I am the queen of living frugally & saving. Once you live making money playing music for a living you can make $100 go a long way! Just trying to direct my savings to the right place.
 

Sponsored Offers

MARKETPLACE 7 Days To Freedom: From Wantrepreneur/Wage Slave To Freelancer
A BIG THANK YOU FOR EVERYONE WHO PARTICIPATED! Thank you very much for joining, participating...
  • Sticky
MARKETPLACE Lex DeVille's - Advanced Freelance Udemy Courses!
The media defines people by their occupation. You are a liquor store owner, freelancer, single...
  • Sticky
MARKETPLACE Fox Web School "Legend" Group Coaching Program 2021
@Fox It's same with me Did both quiz and application but as yet no automatic confirmation, just...
Introducing MJ's Personal Unscripted Network, Join Now for FREE!
If you are in IDEA mode, text "IDEA" to the above number. If you are in LAUNCH/START mode, text...
MARKETPLACE Not sure how to start? This free book will teach you how to build a successful web design business
If there’s one thread I see repeated over and over again on the forum, it goes like this: “I...
  • Sticky
MARKETPLACE You Are One Call Away From Living Your Dream Life - LightHouse’s Accountability Program ⚡
Thanks for clearing that up. What do you recommend for those who are still in the process of...



Forum Sponsor

Over 100 Fastlane Students
More Details...

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Monthly conference calls with doers
Ideas needing execution, more!

Join Fastlane Insiders.

Top Bottom