Side Hustles That Require Minimal Effort
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BaldingSoHard
Banned
$0.00 in 2007.
I've been investing small amounts continuously for about 15 years. It really adds up over time.
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SheWantTheD
Veteran
several thousands of dollars for used unfortunately.
SheWantTheD
Veteran
Depends on how much your role supports but you need at least a basic understanding of computers, operating systems, internet browsers etc.
You can try and finesse it and learn on the fly but you will definitely be doing a lot of googling.
that would put too much power into the people’s hands
imagine having that much leverage over the ceo’s of these evil conglomerates
Brolic
High Value Poster
Don’t you already have to have like 100k to make that much off dividends? How much did you start with?
east
Screwed up... till tha casket drops!!
credit card churning is a pretty low effort side hustle if you travel regularly. if you're well organized it's like ten hours of work a year filling out forms and neurotically planning your future spending. the payoff's huge tho, my breh made over $40k last year cashing out points and getting groceries/gas for free until april, and that's just within one chase ecosystem. he convinced me to get back into it so last month i got my girl the amex platinum and ran it up buying high end machine parts and selling them at auction, that was like three hours of work total and got us 500k points which i value at $10k. the obvious downside is that you need to have high organic spending habits or it becomes a huge chore, whether that's worth it, ymmv.
flipping shyt like ps5s is also low effort, getting the highest possible return as fast as possible takes a lot of work but getting a moderate one is pretty easy. it comes with a lot more risk tho if the bottom of the market drops out.
drop shipping businesses are even lower effort but it's prolly pretty saturated by now. and i don't mean aliexpress, i'd only try this if you can start a biz drop shipping high ticket items which are only sold thru tightly locked down distributor channels.
oh, one of my brehs is a wedding officiant, he gets paid like $300 each time to file some paperwork and say the same speech
flipping shyt like ps5s is also low effort, getting the highest possible return as fast as possible takes a lot of work but getting a moderate one is pretty easy. it comes with a lot more risk tho if the bottom of the market drops out.
drop shipping businesses are even lower effort but it's prolly pretty saturated by now. and i don't mean aliexpress, i'd only try this if you can start a biz drop shipping high ticket items which are only sold thru tightly locked down distributor channels.
oh, one of my brehs is a wedding officiant, he gets paid like $300 each time to file some paperwork and say the same speech
BaldingSoHard
Banned
That's not from dividends. I wish!
You need to have a fukkton of money to earn a living off dividends. Maybe in another 15 years I'll be there, but not today.
No, that's how much those assets appreciated over the year. That includes stocks, bonds, crypto, and real-estate. I think I only got maaaaaaaybe $6k in dividends last year, off a total $1.5 million in assets. Dividends are an endgame strategy.
Signing people up for ppp loans. You get them 20k tell them your getting them 15k get you about 35 to 50 clients. Once they catch on leave town and rinse and repeat. Great part is you filed that shyt in their name and SSN. So the feds ain't looking for you.
And best of all tax free money.
And best of all tax free money.
ETFs such as VTI, QQQ, VOO, SPY is straight easy money shooting fish in a barrel. Folks fukk up in stocks chasing individual stocks and stupid penny stocks. They wash out cause they don't know the risk. But if they just fukked with ETFs they would get a guaranteed 8 to 25% profit every year.
buzzkill
All Star
im trying to build my way up to this. paying off all my debt first but still putting in money every week
I did the math and if i put the amount I'm paying in bills into just one ETF like VOO every month ....breh....
minimalism sounds crazy until you actually do the math and see how much you're wasting on bullshyt like a fancy car. A lot of brehs could be millionaires at a young-ish age.
BaldingSoHard
Banned
@ the bolded, there's simply no better way to put it.
You're right about penny stocks too. I lost like... $64k on a penny stock last year...
Edit: Which makes that $370k net increase even more impressive.Brehs stay away from penny stocks.
BaldingSoHard
Banned
I did the math and if i put the amount I'm paying in bills into just one ETF like VOO every month ....breh....
This is the motherfukking way.
I started investing in 2020 with 1k based off a thread here on the coli lol im up 20k now