Ask HN: Your Passive Income Suggestions?
Please share suggestions of what has worked for you and what hasn't
5 comments
I imagine not much has changed since the last two hundred threads about this if you'd like to start there.
https://hn.algolia.com/?query=passive%20income&sort=byDate&p...
https://hn.algolia.com/?query=passive%20income&sort=byDate&p...
"Surely it hasn't been 200 times"
> 276 results
oh, huh.
Thanks for the link!
> 276 results
oh, huh.
Thanks for the link!
I'll echo what this comment says from 2 years ago [0].
> Young hackers who have a surplus of income and have funds to spare that aren't being channeled toward debt / family / donations, heed me: save as much of your salary as you can, and put it in boring investments (index funds / etc), probably through vanguard.com (no affiliation, I just use them and have heard nothing but good things from people I trust). You can pretty easily set up your job's direct-deposit system so that a portion of your salary goes directly into your investments without you ever seeing it, it's a good set-it-and-forget-it system. It adds up over time!
[0] https://news.ycombinator.com/item?id=13150235
> Young hackers who have a surplus of income and have funds to spare that aren't being channeled toward debt / family / donations, heed me: save as much of your salary as you can, and put it in boring investments (index funds / etc), probably through vanguard.com (no affiliation, I just use them and have heard nothing but good things from people I trust). You can pretty easily set up your job's direct-deposit system so that a portion of your salary goes directly into your investments without you ever seeing it, it's a good set-it-and-forget-it system. It adds up over time!
[0] https://news.ycombinator.com/item?id=13150235
I save into a pension fund every month. In the UK this is a good tactic because of the tax benefits. I hope it will provide me with a substantial passive income if I can keep the savings up for another 20 years.
Build up savings as a consultant, bootstrap a B2B SaaS for a handful of years (gradually transition out of consulting as the SaaS starts generating more income after some years). B2B is key since it's much easier to convince businesses to pay a subscription than consumers. Low burn rate during bootstrap phase is essential though.