tag:blogger.com,1999:blog-8138459.post110980859562313953..comments2023-07-05T06:44:34.278-04:00Comments on Simplify My Life: Show me the money!Unknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8138459.post-1110040077923990822005-03-05T11:27:00.000-05:002005-03-05T11:27:00.000-05:00Thanks Neville and Melanie.
Another old adage in...Thanks Neville and Melanie. <br /><br />Another old adage in a lot of cases is that "you have to spend money to make money". <br /><br />The money I have save is my "emergency fund" right now. <br /><br />The intellectual idea is something I'm working on with my other website, and I do make a little off of that. I'd like to repeat what I have and make there four more times...Bhttps://www.blogger.com/profile/17338645723152652673noreply@blogger.comtag:blogger.com,1999:blog-8138459.post-1109865656238586302005-03-03T11:00:00.000-05:002005-03-03T11:00:00.000-05:00This is one of those "time to read Rich Dad Porr D...This is one of those "time to read Rich Dad Porr Dad" moments but I won't evanglicize...<br /><br />One great way to produce a side income is through rental properties - houses, plexes, small complexes - whatever you can afford. <br /><br />Another is small automated businesses - landromats are a great starter, because you can get in for cheap. Read your newspaper's biz opps ads, or go to businessbroker.ner, bizbuysell.com, or any other similar sites. Contacting a business broker in your area is also a good idea - give him/her your budget and your needs and they can find something for you.<br /><br />Another, lesser-used idea is intellectual property. If you're creative, get something (music, articles, a book) out there and either sell it or license it. If you're technical, and you've always been saying "wouldn't it be cool if..." design that product, and license it to someone who can produce it.<br /><br />Other options in terms of paper assets include more aggressive forms of investing, like calls, puts, and short sales that can reap big rewards if you're willing to be much riskier.<br /><br />There's no shortage of ways to generate passive income, and many don't take any money at all! I've been reading your blog for a while and I think it would be totally awesome to see you be able to 'retire' on passive income.<br /><br />Good luck!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8138459.post-1109823096440373772005-03-02T23:11:00.000-05:002005-03-02T23:11:00.000-05:00I recently had a post on my blog about a family fr...I recently had a post on my blog about a family friend who bought a Lamborghini.<br /><br />This guy has only "side" incomes. He is all over the place in business, starting up a small gym here, a storage facility there etc.<br /><br />So far he's had side incomes from:<br />-Storage facilities<br />-Rental Properties<br />-Apartments/Townhomes<br />-Stock<br />-Car Washes<br />-Restaurants<br />-Angel investing<br />-Day care centers<br />-Gyms <br />-Various franchises<br />-Land<br /><br />He generally starts the business up, gets someone to run it so he doesn't have to deal with it, then sells if he gets a good offer. Many of his businesses just linger around while he collects the income!Nevillehttps://www.blogger.com/profile/00969685173487073502noreply@blogger.com