Do you have passive income?

By MLOV
@athaness (250)
Philippines
September 17, 2018 9:26am CST
I always wanted to have a passive income. All the answers I found leads to investing in stocks/trading and/or being an affiliate marketer. I do not know much about those stuff and the minimum amount for investment seems too high for me. Is there any way by which one can have passive income? May I know what are your sources of passive income?
7 people like this
10 responses
RedRed
@redtesha (1773)
• Indonesia
17 Sep 18
I still make passive income from graphicriver and fiverr.
1 person likes this
MLOV
@athaness (250)
• Philippines
19 Sep 18
That's good to hear. I'll try it
MLOV
@athaness (250)
• Philippines
19 Sep 18
That's good to hear. I would try those too!
1 person likes this
Hope
@1hopefulman (45120)
• Canada
17 Sep 18
I think everyone would like to have a passive income. I hope you find something.
MLOV
@athaness (250)
• Philippines
19 Sep 18
That's true. If you found one. I'd appreciate if you'd refer me. :)
1 person likes this
Hope
@1hopefulman (45120)
• Canada
20 Sep 18
@athaness Will do! I hope someone else has a good suggestion for you!
MLOV
@athaness (250)
• Philippines
19 Sep 18
Yes. I'll update you if I found one.
1 person likes this
rebel_woman06
@SIMPLYD (90721)
• Philippines
25 Sep 18
myLotting is my passive income. Before I have other writing sites where I earned some also. But I don't like them anymore.
MLOV
@athaness (250)
• Philippines
27 Sep 18
I see :) MyLot really helps
1 person likes this
Shavkat
@Shavkat (140129)
• Philippines
17 Sep 18
For me, I think being a vlogger on YouTube is a passive income. I haven't tried it. But I wanted to try how it works soon.
MLOV
@athaness (250)
• Philippines
19 Sep 18
I see. I also would love to do that. But, it requires time and effort too before you can succeed.
MLOV
@athaness (250)
• Philippines
19 Sep 18
I want to try that too. But we have to spend enough time and effort doing it.
Shavkat
@Shavkat (140129)
• Philippines
19 Sep 18
@athaness I do agree with you. That's why I stopped doing it. But it is feasible if you have all the effort doing it
Sky
@skysnap (20153)
•
17 Sep 18
As of now everything that I have done so far is active. I have yet to get on the passive income.
MLOV
@athaness (250)
• Philippines
19 Sep 18
Yes. Same here. I am looking forward to a passive income that suits me.
MLOV
@athaness (250)
• Philippines
19 Sep 18
Same here. I'm looking forward having a passive income that suits me.
1 person likes this
Icydoll
@Icydoll (36717)
• India
17 Sep 18
I'm just trying few passive income apps
MLOV
@athaness (250)
• Philippines
19 Sep 18
That's nice. May I know what those apps are?
MLOV
@athaness (250)
• Philippines
19 Sep 18
That's nice. May I know those apps?
May2k8
@May2k8 (18389)
• Indonesia
20 Sep 18
My passive income is only from deposits in the bank, and even then in an amount that is still relatively small.
UmiNoor
@UmiNoor (4522)
• Malaysia
5 Nov 18
Passive income is the best. You do the work once and get paid many times thereafter. I think the best way to earn passive income is to write a book. You'll earn royalty forever.
LK2018
@Letranknight2015 (52079)
• Philippines
18 Sep 18
I tried youtube but sadly things didn't go well for me before 2010. Well, good luck for you.
MLOV
@athaness (250)
• Philippines
19 Sep 18
I see. Yes. In youtube, you have to build an image before you can get subscribers.
Sunrise Fan
@sunrisefan (28524)
• Philippines
19 Sep 18
The safest means for a passive income would be investment in time deposit although the banks offer very low interest rates. Time deposit with big and reputable cooperatives would even be better as there is no withholding tax on interest earned. Much better would be putting your money as share capital in said cooperatives because dividends would be between 7 to 10 (sometimes 11) per annum. The hitch for this is that you can't withdraw from your share capital unless you cease your membership with your cooperative. That is is why it would be good to put in only the money that you do not plan to use in the near term. However, you can apply for a loan against your share capital if you need money. This is advantageous too because if you had money which is just deposited in a savings account and you withdraw from it because you needed the money, the tendency is for you not to replenish the money you withdrew while if you applied for a loan against your share capital, you would still have that asset (your share capital) and you would be obliged to pay your loan.