Which Passive Income Techniques Are Most Effective?

[acceleratoraccelerator is verified member.]

Hi Guys

I am researching passive income techniques. I would be most grateful if you could post in the thread examples of passive income techniques and explain which ones you think are most effective.

Many thanks

 

[scottmccloud]

Inheritance.

 

[Retired_Member42]

Websites.

 

[acceleratoraccelerator is verified member.]

OK, one from me =

Write a book.

Not exactly passive to begin with, but passive once you've written it.

 

[MurrayMurray is verified member.]

OK, one from me =

Write a book.

Of yep, just write a book = make money, simples

 

[bonusmedia]

Write a book about making passive income from writing a book

 

[acceleratoraccelerator is verified member.]

OMG Acorn is a tough crowd

OK, so share investment is another obvious one. Blue chips paying high dividends preferred.

 

[acceleratoraccelerator is verified member.]

Also, does anyone have recommendations for passive income gurus? So far I know of one, and that's Pay Flynn of Smart Passive Income.

 

[Retired_Member42]

Most passive income gurus only make money from telling people how to make money

 

[ChrisMM]

Write a hit Christmas song in the 70s.

 

[acceleratoraccelerator is verified member.]

Write a hit Christmas song in the 70s.

Best idea so far

 

[EdwinEdwin is verified member.]

5 year fixed savings account? You can get 3%+ which isn't that much, but it's as low-maintenance passive as it gets. Every £10K you stash away gives another £300/year interest.

 

[bonusmedia]

If you want easy access and can stomach slight risk you can get 3% p.a. from Ratesetter on a monthly rolling basis, just leave it in until you want it.

No FSCS protection but their provision fund is well capitalized and has covered every default so far, you'd have to have a LOT of people defaulting at the same time to lose out.

They offer 6.6% on a 5 year fix but that's a bit too uncertain for me.

Alternatively Landbay* offer 4.4% fixed or 3.5% tracker - again no FSCS but secured on high quality UK mortages with low LTV - safe as houses.

*FD: I have equity

 

[humble pie]

Adsense + EMD domain + minisite

 

[Retired_Member42]

Adsense + EMD domain + minisite

Does that idea come with a time machine or do you have to pay extra?

 

[Retired_Member42]

Honestly, I think the Christmas #1 is more feasible than AdSense, EMD's and Minisites.

 

[martin-s]

Information business + email autoresponder.

 

[BeachLife]

Does that idea come with a time machine or do you have to pay extra?

Made me chuckle

Information business + email autoresponder.

Interesting. Any examples you can give?

 

[bensdbensd is verified member.]

5 year fixed savings account? You can get 3%+ which isn't that much, but it's as low-maintenance passive as it gets. Every £10K you stash away gives another £300/year interest.

For that sort of return I would prefer to stick it in premium bonds, more of a gamble though

 

[martin-s]

Interesting. Any examples you can give?

What is your area of expertise?