Money makes the world go round. And I need to spin until I'm ill. That's how much extra coin I need. I'm always on the look out to make a side hustle lucrative.
Many people have realized that most careers aren't supplying enough financially. So we all have to get creative.
It's expensive to live. And it's near financially impossible to live comfortably. Teachers drive Ubers. Writers work as waiters. Lawyers moonlight as mystery writers. Everybody has a hustle. The key is to find a side hustle that isn't going to be an extra burden.
The main job is always already hard enough.
Redditor u/Kenneth0233 wanted to hear some ideas about upping the amounts in our bank accounts, by asking:
Smart people of reddit, whats your best ideas for passive income?
I act. I write. I walk dogs. All so I don't have to work in hospitality. I like to do things I love and don't consume my life or decay my body. So I do a bunch of passive to avoid the massive. I'll take other ideas.
Soup For You!
soup GIF
Giphy
"Soup tubes. People pay for a monthly subscription and soup gets delivered by tap to your home from a central soup hub."
Extra Space
"It's not completely passive, but it doesn't take much effort on my part. I have temp controlled storage for motorcycles and other valuables like that. It's seasonal to an extent, but October through May It does well. It's only a 30x40 shed, but I can fit 25 bikes in there easily. Any type of self storage is a good income. If you can specialize a bit, it gets better."
Translations...
"I'll give you a serious answer, that did me well. Goes for people learning or that know a second language. Find some public domain books, translate them. You now have rights over the translation. Get it into a library. Profit. Works really good if you're from an obscure part of the world undergoing political turmoil (Georgia, Armenia, Ex-Yugoslavia) that has been talked about in the media the past 30 years. University students will need primary sources, and there is a lack of supply."
Listen to my Ideas...
"Buy my course and find out."
"My brother actually fell for that. A website advertising a way to make money with very little effort. The instruction could be bought for 10€. He actually bought it, got a mail and the instruction was: Make a website advertising a way to make money with little effort. Send people who buy it a mail with those exact instructions. Stupidity-ception."
Paperwork
GIF by Kim's Convenience
Giphy
"Put ads on your car. A friend has a large sticker on their passenger side door for a local business and they give him $100 a month to just have it there."
I'm not passing out flyers and I hate people who do. Hate is strong. I loathe them. And if I could find something to teach I would. But I don't like students either.
Author! Author!
homer simpson GIF
Giphy
"Write an ebook then sell it. I'm still earning coin from an ebook I wrote 4 years ago. Digital download means I don't lift a finger."
Spend Smart
"Learn to manage your finances and avoid debt. Always be judicial with loyalty to any employer. Blind loyalty can bite you on the bite. If times get hard you are expendable. If you get a different offer of employment don't reject it out of current loyalties but do weigh your options. Put 15 percent of earnings into investments. An easily obtained 7% yearly average will double your input in 20 years. 40 years would be near 5 times the principle."
"More aggressive investments could be much higher. 12% is a reasonably attainable average and the same 40 year investment would be over 18 times the principle, $400 per month for 40 years at 12% will net you $3.5 mil on $200k investment. Don't underestimate the power of compound interest. When your money makes money is when true wealth happens."
Residuals...
"Anything where you work once and get paid repeatedly. The first option that springs to mind is content creation. Books, courses, videos, whatever. You work your buns off for a period of time, but then once the work is done you can let it earn income while you're not actively working on it. Contrary to popular belief, it doesn't have to be some specialized expertise."
"The first book I bought about woodcarving was a self-published how-to and it was literally as base level basic as you can get. The bare fundamentals. Time and experience has taught me that the author likely learned just enough to teach the basics; his work was very rudimentary and crude, not at the level of even a person with a year of experience."
"He worked a lot once, and since he penned the book in 1999 (it was around that time anyways) he's gotten paid regularly for that one-time work. Ya work an hour at a coffee shop, that hour pays you once. You work that hour on a project like a book, video, course, that hour pays you several times over."
These Are The Worst Job Interviews Ever | George Takei’s Oh Myyy
Renters
"My neighbor in a big city bought a house that has a separate unit above. He just uses it for AirBnB. Because he's in a big city, it's constantly booked. He told me he makes $5K per month from it and is paying off the mortgage x3 per month based on that alone."
Be Stable
Money Saving GIF by EmiratesNBD
Giphy
"If you aren't maxing out your 401k/Roth IRA contributions already then don't get creative."
Business First...
"Some of the ideas on here are not called passive income. They're called jobs. If you have a bunch of cash, the best vehicle for passive income is and will almost always be municipal bonds in the state where you live. Federal tax free, almost always state income tax free, and will net you a pretty good chunk of cash if you find the right bonds. Otherwise, drop a couple hundred into an index ETF that models the DJIA or Fortune 500 and wait a couple years."
"Other passive income ideas:"
"Buy a partnership in a business that is already managed. You can be a passive partner in the business, but there are some rules that apply to passive partners that don't apply to regular partners that can make this a headache, especially if the business losses money."
"Landlord: buy a house and rent it out. A bit of a crap shoot, since tenants can be either incredible or terrible, but unless you have excellent knowledge on real estate managing already, you're going to want to hire a real estate manager that can handle the calls, maintenance and repair, and other things."
Dividends...
"Save a lot of money, invest wisely and live off the roughly 7% the stock market increases on average."
"Investing can be as simple as you make it. Some people just put their money into a S&P 500 index fund and call it day."
"The Standard & Poor's 500 Index, or simply S&P 500, is a market-capitalization-weighted index of 500 large-cap U.S. companies that make up 80% of U.S. equity by market cap. It is widely regarded as the best gauge of large-cap U.S. equities and often referred to as "the market" because it is comprised of stocks that span all market sectors. Some of the S&P 500's largest components include Microsoft Corp. (MSFT), Apple Inc. (AAPL), Amazon.com Inc. (AMZN), Alphabet Inc. (GOOGL), and Facebook Inc. (FB)."
Earnings
"Some ppl here don't understand the difference between an active and passive income, so Il explain. Active income refers to income received for performing a service, using your time and energy to work for money. Wages, tips, salaries, commissions are examples of active income. Passive income is referred as income you don't work for, you only need to set it up. Such as earnings from a rental property, limited partnership, or other enterprise in which a person is not actively involved."
Mark Tilbury
"There was an explanation from Youtuber Mark Tilbury that passive income usually doesn't mean you can completely let go of that gig without any effort what so ever. A better mentality is to build something until you get to a point where you only need to put in a few hours of work a week, just to keep your audience base. This could be a youtube channel, website you own, or even a business you got successful enough to outsource the labour. Any successful market format may change over time and you want to keep what you created."
Start as a Favor
"Not exactly passive, but very low effort: house sit. I live in a decent area, near a good sized city with affluent suburbs. I get paid for basically hanging out, keeping an eye on the place, and taking care of a few pets, which to me is enjoyable, since I love animals and can't have them where I live. I always choose places that are convenient for me to get to and also to commute to my job."
"I house sat as a favor to a friend of a friend, and she gave me great references and recommended me to other people in her fairly affluent circle. I end up house sitting quite a lot at certain times of the year, and in really nice places. This might not be NO effort, but it sure as hell doesn't feel like work."
Gigs...
"Go on fiver and set up a few gigs of a medium price, and then through another fiver account just outsource your jobs to people with that gig of a cheaper price. Video and audio editing is good for this. Make game assets or again, go on fiver and have game assets created and sell them on the unity3d marketplace and other places like that. Sprite sheets, 3d models, scripts, worlds your oyster."
"Any digital product is a good product because they require no physical space nor any manufacture past creation of the one file you upload to have downloaded, game assets are in high demand and good to get into, I'll start building passive income using this myself at some point."
Get a License
Workshop Post It GIF by weSpark
Giphy
"Patent trolling. Extreme fool move, but hey, if you manage to buy a patent for a ubiquitous technology, you can add a tiny licensing fee and you'll probably be set for life."
The Harvest
"Long before the olive harvest, go around and sign contracts to rent all of the olive presses at the time of harvest. When the harvest comes, you can charge the olive growers whatever you want, because you control the machinery they need!"
Those are some nifty ideas. I'm gonna make a list for a "just in case" life phase. Except banking stuff. I get lost with economics unless it's simple counting.
Want to "know" more? Never miss another big, odd, funny, or heartbreaking moment again. Sign up for the Knowable newsletter here.
Ok!
Cartoon Yes GIF by SpongeBob SquarePantsGiphy"Breastfeeding, sure no problem. Changing diapers on the table/booth/chair, no freaking way. There's a reason most bathrooms have a change table."
- LuntiX
Be Clean
"As long as you don't leave your dirty flip-flops on the table that's disgusting."
"Last week I was at a cafe terrace and I saw a woman breastfeeding her baby and afterwards changing the diaper on the table (which was a tad odd since they have a nice changing room there). After she left I noticed she left the dirty diaper on her plate, didn't even bother to close it up."
- domin8r
Silence
"A baby can't scream with a mouthful, so I'd say it's a win-win."
"My son used to do the same. The thing is his twin would get right to feeding and would stimulate the let down on his boob too, so it would be 20 seconds of screaming and 30 seconds of vague drowning noises before he clicked that food was happening."
Who Cares?
"The baby's gotta eat. Plus I don't even pay enough attention to other people to even notice or give a crap either way."
- Jikal
"I agree lol!! I've noticed moms breastfeeding their babies at a restaurant maybe a grand total of TWO times in my whole life, and I go out to eat all the time. However, I ALWAYS notice when a baby is screeching so loud nobody can enjoy their meal."
"I don't even mean just crying, I mean that SCREECH they do sometimes where if you're anywhere close to them you can't even continue talking, you just have to stop and WAIT for the kid to finish. (I promise I don't hate kids LOL this is just my opinion)."
No Adults
Oh No You Didnt GIF by happydogGiphy"Acceptable if she's breastfeeding her baby, weird if she's doing so with her husband."
- maajyc
So far, so normal. Stay in your own conversation. If you're that interested about another person, you're sounding like a stalker.
Whateves
Let It Go Whatever GIF by Hannah Bronfman Giphy"The more it happens the less people will care."
Couple Issues
"I was once breastfeeding my daughter on the beach, aside from my boob being *kind of* out (mostly blocked by the baby) I was wearing shorts and a shirt, more covered than most of the people on the beach. Apparently a dude started watching me that I didn't notice and his girlfriend took offense to it."
"She started to approach me, but my mom was with us and gave her the stink eye to end all stink eyes. I have to think if they had been just a little more exposed to breast feeding this wouldn't have been anything. I'm also 99% sure that incident resulted in the couple fighting."
When in Public
"I walked with my head down the majority of my life because I felt like everyone was staring at me as I'm a very tall female. Started looking up a few years ago and realized how very wrong I was. I cared WAY more about this made up scenario in my head while assuming the worst and causing MYSELF to feel shame over it- than anyone else ever cared about my height. We're all busy doing our own thing and I don't think MOST people care about women breastfeeding in public as people think they do."
In the UK...
"I went to a mall in London, England once with a room dedicated for baby care. There were comfortable chairs and a microwave and sink. There were also little rooms with rocking chairs and low light floor lamps. Now, I would feed my baby wherever the hell I needed to, but this was luxury."
Free!
Mothers Day Mama GIF by reactionseditorGiphy"I'd rather a happy baby having a meal than a hungry miserable baby screaming and crying for nourishment. I am however against the restaurant charging an opening fee."
It is what it is. Be free ladies. Whatever keeps the kid quiet, works for most of us. Do as you need.
Want to "know" more? Never miss another big, odd, funny, or heartbreaking moment again. Sign up for the Knowable newsletter here.
Reddit user QadeerRay asked:
What is an item you think should be free?
The responses were honestly a lot more varied than I expected. I was positive I'd see someone mention the places that charge you for using rain water - the literal water that falls freely from the sky - but there's a lot here that I hadn't even thought about and honestly, I'm kind of salty now.
Come, be salty with me.
Notifying People Is Expensive
creepy grim reaper GIFGiphy"Death certificates." - redrivverrunning
"For me they were $16 each - and every single company that the deceased has an account for needs a copy."
"I learned to go in person to places like banks as much as I possibly can. They make a copy and give it back to me, that way I can avoid mailing it for them to keep forever so I have to buy even more official copies." - classic_elle
"In the state where I live, they charge you $20 for the first certificate and $3 for each additional one so the funeral homes generally suggest you go ahead and order 5-6 more than you think you'll need after figuring out their accounts and stuff because it's still cheaper than getting a single extra at a later time." - SilverDarner
"The UK government does have a service where you inform them of a death, provide them with the certificate, and they'll make a best effort to inform all of the person's banks and pension providers. It doesn't have nearly the number of companies being informed that I would've liked, but it's a good start."
"What confuses me is that other companies aren't jumping at the chance to be on the notification list... you'd think it would be in their best interest to be notified if one of their customers died so they can clean stuff up on their end. But oh well." - SweatyOctopussy
"Not really, (at least in the US) they would really only need to stop billing/autopay once they are informed of the death and it is confirmed. The longer they can go without that confirmation, the better it is for their bottom line."
"Source: Work in corporate America" - TheLastFartan
Looking At You, Nestle
3D Loop GIF by Pi-SlicesGiphy"Drinkable water. Looking at you, Nestle. The company has a history of taking over water sources and that whole formula thing was gross." - Whit-Batmobil
"Nestle financially pushed for hospitals in 3rd world countries to start new born babies on 'free trials' of formula feeds so the mother's weren't feeding & their milk would dry up. Essentially forcing them to buy & continue using the formula forever."
"To make matters worse, this was done in areas with no safe drinking water so babies that were only a few days old were giving formula mixed with unsafe water & many got sick/died as a direct result when their mothers could have just breastfed them safely and for free."
"Even when Nestle was alerted to this (as if they didn't already know) they refused to change their tactics. The company is scum." - now_you_see
In Public
bathroom GIFGiphy"Using public toilets in Europe." - pretty_pumpkin
"Personally, here in Germany I find it is counter-intuitive. I think people resent having to pay for a toilet, and treat it like 'Alright, you're going to charge me €.50 for a pee, I'm going to get my money's worth then and just piss everywhere, because f--- you for making me pay to pee.' "
"This I find is especially true with toilets where the cleaning is 'automated.' On the other hand, you go into a lot of department stores, or a mall, etc, the toilets are often attended to by a person sitting just outside the entrance. Payment is usually optional (i.e. there is no turnstyle you have to unlock by putting money in), but it is typical to put €.50 or so in the dish on your way out... and in those cases I find the bathrooms very clean."
"Other bathrooms, particularly those along the autobahn, are actively serviced, but have a payment turnstile thing you have to go through. You can then use the receipt from the turnstile at the fast food and snack shops which are a part of the building, and you'll get the amount you paid at the bathroom deducted from your purchase."
"But overall public bathrooms are just terribly hard to find (paid or otherwise). Public pissing is common and basically unavoidable. You see it and smell it regularly." - Mozambique-Ready
Insulin
michael douglas greed GIF by 20th Century Fox Home EntertainmentGiphy"Insulin industry is actually hijacked by three companies and they're doing all they can to keep it's price high."
"It's not a luxury. It keeps people alive! Show some humanity."
"• Eli Lilly, Novo Nordisk and Sanofi are the three companies that dominate more than 90% of the world insulin market by value. This means that they can set prices as they wish."
"• Production cost of insulin is about 2% of it's market price."
"• Unlike any other medicine, there is no generic insulin. Insulin is still under patent after 37 years. 'Big three' producers are abusing legal loophole for over 4 decades. (Known as Patent evergreening)."
"• These companies make profit of worth billions. Not to mention they're spending millions on lobbying politicians and donating to other decision makers to keep quiet."
"• They pay another companies not to enter the market. Or they sue them. That's what happened to company called Merck. Sanofi sued them." - DogDisguisedAsHooman
Standard Bathroom Care
tampons ugh men GIF by DiggGiphy"Uhm tampons and pads in public restrooms, schools, etc. Freak I'm a penis carrier and even I think that sh*t should be free."
"You would be mad if you went in to a public restroom and there was a coin slot for the f*cking toilet paper."
"I don't think they should be free off the shelf. Everything requires money to make so in reality nothing is free, but this should be standard care in every bathroom just in case." - TripleThickBacon
We're Not Here For Fun
season 8 episode 23 GIFGiphy"Hospital parking. Oh, dad's dying? Doesn't matter. 5 bucks." - bdd4
"Where I live you go in for free, but they do charge to leave. If you get your parking validated, (pretty much just saying you had a reason to be there as a patient or visitor) you get to leave for free."
"They had a huge issue with people parking there for free, but not even being there for the hospital. Just a place to park as they did business or shopping downtown where the hospital is located." - Howling_Fang
"You're gonna love this. We as hospital staff have to pay to park the hospital as well!"
"I am close to graduating from a medical program and some area hospitals hire from graduates of our school's program over other applicants so they have meetings at our campus about working there and benefits, etc"
"the cheapest parking package they offered, which is still a MASSIVE hike to the door is $50 a week, the most expensive being $100 a week."
"They made it a point to highlight that their staff ride all the city buses for free with our ID cards and they bring you to the front door, so that's something at least." - xBlackx_xDahliax
The Dreaded Paywall
Pay Me Kim Kardashian GIF by GQGiphy"Scientific articles. They're mostly behind a paywall."
"You can either subscribe to certain journals so that you have access year-round ($ depends on the specific journal), or you can pay for access to one article at a time. The latter is usually about $30-$50."
"As a scientist, this has always irritated me. People on social media everywhere reference blogs and other non-scientific articles, which are, of course, ill-informed and non-scientific."
"We should be linked to science journals when we Google - but then every time we're interested in some topic, pay $50 to read about it?? That's ridiculous."
"Even news media reporting on interesting results from science pubs get the results mucked up. You really can't trust anything but the peer-reviewed paper itself." - BrahmTheImpaler
"I firmly believe this is one (of many!) reasons why the US is full of anti-science/anti-intellectualism rhetoric."
"We keep information locked behind paywalls, creating yet another socioeconomic barrier for attaining knowledge. Even if the desire to learn is there, it means incredibly little without the ability to access the information." - sayhellotojenn
Buying My Info Back
Confused Always Sunny GIF by It's Always Sunny in PhiladelphiaGiphy"Schufa Auskunft."
"This private company in Germany just collects all your information (like a credit score) without your consent and the you have to buy all that info back from them because otherwise no landlord will ever accept you."
"There is a free Schufa you can request that once a year (so bad luck if your search for a home takes over a month) and it's also not the full one. Some landlords still demand the full one." - GreenKangaroo3
Seeing Is A Luxury?
Glasses Seinfeld GIFGiphy"I have insurance and I still have to pay (in my opinion) too much to just be able to see."
"It's not a luxury, it's a basic need. Also, my sight changes all the time so I can't even get a nice pair and be set for the next few years. If I'm lucky I'll get to keep a pair for 1,5 to 2 years before I absolutely need new glasses." - Proper-Literature173
"I think it's weird that vision and dental are separate from health insurance. Like seeing and chewing are just vanity." - FistedTate
"I can't believe how far I had to scroll to find this, I passed 3 waters and chicken nuggets. Why does it cost money to see? And I have 20/20 vision so this doesn't affect me." - Tian_Lord23
So tell us, what you YOU make free for everyone if you could?