List of Passive Income Ideas

Immaturity

I was thinking we could make a list of ideas in the way that people can make money without working.
So things such as dividend, aking iPhone applications and selling them etc.

Mags30

Making money without working isn't possible. There are loads of things on this board that people do to make money BUT they actually do work really hard at these things, just not in a regular 9-5 style. I think it's better classified as working from home or self employed. Here's a few things people do.

Mystery shopping
Writing articles for blogs
Adult chatlines/texts
Answering questions for AAQ
Surveys
Selling Avon

Immaturity

Mags30 wrote: »

Making money without working isn't possible. There are loads of things on this board that people do to make money BUT they actually do work really hard at these things, just not in a regular 9-5 style. I think it's better classified as working from home or self employed. Here's a few things people do.

Mystery shopping
Writing articles for blogs
Adult chatlines/texts
Answering questions for AAQ
Surveys
Selling Avon

That is wrong. Your money in the bank earning interest is "making money" are you working for that?

SailorSam

A lot of the money that people have in the bank actually loses them money.
The interest rates that are often received are so low, and then you may have tax deducted from it automatically by the bank so if prices have risen in the meantime, you are in effect worse off.

geordie_joe

Immaturity wrote: »

That is wrong. Your money in the bank earning interest is "making money" are you working for that?

You probably worked to get it in the first place, and ware working to earn more so you don't have to spend your savings.

You may be working to pay a mortgage, or loan, so the bank can take some of the interest you pay them and give it back to you as interest on the money you have in your bank.

Immaturity

SailorSam wrote: »

A lot of the money that people have in the bank actually loses them money.
The interest rates that are often received are so low, and then you may have tax deducted from it automatically by the bank so if prices have risen in the meantime, you are in effect worse off.

What about an ISA then?
You might raise the issue of inflation again, but that is not my point. The point is you are gaining money and you aren't actually doing any physical work for it.

Immaturity

geordie_joe wrote: »

You probably worked to get it in the first place, and ware working to earn more so you don't have to spend your savings.

You may be working to pay a mortgage, or loan, so the bank can take some of the interest you pay them and give it back to you as interest on the money you have in your bank.

Well yes, you may have worked to get it, but after you have got it you earn from it whilst working in a job.
You earn money,you buy shares, you get paid dividends, your money is working not you.

geordie_joe

Immaturity wrote: »

Well yes, you may have worked to get it, but after you have got it you earn from it whilst working in a job.
You earn money,you buy shares, you get paid dividends, your money is working not you.

But you asked for

Immaturity wrote: »

a list of ideas in the way that people can make money without working.

I don't think working to earn the money fits the bill.

Jackop

Your money is working for you when you invest it and gain on that investment its as simple as that. Share growth, share divendends id say (previous to recent times) would have been the best way to earn 'passive income'.

That along with things like property investment, bonds and savings accounts etc would all earn you money passivley, also intellectual property rights will earn you passive income, but obviously thats more complicated.

loopylou121

Trading the markets is another one you can do from home. I work in PR for Atlantic Trampolines and then plan to invest my earnings in trading as it's tax free.