What would be a good “starter” investment to create PASSIVE INCOME?
I am stuck in a “rut” of working and paying bills.
I know there is a better way, but I haven’t found it yet.
I have very little money to invest at this time, but would like to start somewhere. I have always heard that real estate is the way to go, but I don’t believe I have that kind of “ching” and I am not handy (so being a landlord does not appeal to me). Is there anything BESIDES real estate that I can invest in that will give me PASSIVE INCOME?
Note: I do not rent, but I have a mortgage payment (so I don’t necessarily “own” either…do I?)
What are my options?
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Well, the reason they call it work is because it’s work. Nothing is really free unless it involves some type of scamming. It’s finding something you like to do.
You could invest your money. If you don’t have a lot you can start with penny stocks. Real estate can be ok if you have patience. You would have to buy a small property and probably have it managed since you aren’t handy. A vacation rental can be an option. The best thing to do would be consult a financial planner.
Another option would be to start with a hobby. What do you like to do? Focusing on that and how you could make money with the skills you already have. If you are handy with computers or are artistic you can turn that into a business that you wouldn’t mind so much. Sometimes you have to think outside of the box and change your perspective. Or win the lottery!
Hi my name is Beau Williams I understand that you are in investments. I started a small business 3 months ago. I named it Extreme Pest Control. I put everything I had into it to get it off the ground. What I do is telemarket home owners. My script goes like this:
Hi my name is beau with EPC I am calling to let you know that we will be spraying some of your neighbors houses on __________ Street this week. What we do is spray a six foot protective barrier all the way around the foundation of your home. It keeps out spiders, ants, crickets, beetles anything that crawls. We also put down a flea and tick treatment in your lawn that kills over 50 different bugs that live in your grass as well as spray around all of your windows, doors and sopheting to keep away bees, wasps, hornets and mud dobbers. We come out every two months and its guaranteed so if you ever have a problem just call us up and we’ll come back out for free. There is no contract and it’s only sixty eight for the first treatment and forty eight per treatment after that. So will you give us a shot?
Please understand this is just a basic sample of my script. I spray the houses in the daytime and telemarket at night from 5:00 to 9:00 that’s when most people are home. My wife helps me when she is off of work from wal-mart. We are getting sales every day. Sales is a numbers game if you dial the numbers you will get sales. I know that $68.00 doesn’t sound like much but if I get 50 sales in a week that’s $3,400.00 that week and I spray them every 2 months. So every 2 months I get all of the new customers plus the ones that are due to be resprayed. It will grow bigger and bigger because business will double every 2 months. The only problem I have is I need capital to start a telemarketing room. I want to employe 10-20 telemarketers to telemarket the whole state of Indiana. If you don’t think there is money in Pest Control then look at
Terminix or Orkin both very successfully companies. I Know that if I had someone like you self that would invest $5,000 I could turn it into streams of residual. I am not sure how things work with investors so I hope you take me serious. If nothing else I could could you help point me in the right direction? I know this business will I just need money to get things moving. I did try the better business bureau but they wont even look at me because I filed bankruptcy in 2004. Once again my name is Beau Williams. My Phone Number Is
my email address is beau.williams@yahoo.com I hope that you are interested in this opportunity because I guarantee it will make money I will put my home trucks and car on it.
Thank You
Beau Williams
beau.williams@yahoo.com send me an email and we can talk I need a partner
I like realestate, I am handy, but I never want a tenent to call me on thanksgiving in the middle of carving my turkey because his toilet is clogged.
Thus I began allocating a piece of my portfolio to real estate investment trusts.
There are many, use yahoo finance to identify some. I am NOT currently invested heavily in reits, but made a good buck on CWN (now pei) and UDR. But there are tons, SIZ, AVB and many others. And they pay divs, and no calls about the heat going out.