That return is less than inflation. Rather put it in the S%P 500 which on average grows 20% per year and pays 3-5% dividends PA. Especially now since it is down 15%Boring stuff - invested in market index ETFs and collecting dividends (around 3% per year).
Hi there everyone.
So I am curious does anyone have a sideline passive income and if so what are you doing ?
Even if you make a hundred bucks a month be sure to post it.
I love fixing sewing machines, the mechanics of sewing machines is just amazing. I mostly do it for free though for old ladies and people trying to make a living.I service / repair sewing machines . Not the most fancy thing, can be disgusting at times 😄. Won't lie , I do get quite a few machines in a month.
I service / repair sewing machines . Not the most fancy thing, can be disgusting at times 😄. Won't lie , I do get quite a few machines in a month.
I'll do a absolute zero shame plug here.I love fixing sewing machines, the mechanics of sewing machines is just amazing. I mostly do it for free though for old ladies and people trying to make a living.
How do determine the cost of repair time (apart from parts cost)? Cheers!
That return is less than inflation. Rather put it in the S%P 500 which on average grows 20% per year and pays 3-5% dividends PA. Especially now since it is down 15%
It is really interesting. In some ways they remind me of internal combustion engines. Digital models are another ball game which I don't go near. Each one has its own selection of software and programmers. I used to do it for free too but recently it escalated a notch so I do it as a side in the business. It's time consuming. Recently ive heard agents charging as much as R700 on labor alone. Which is a bit heafty, but I understand why . Its their main source of income. Since I'm not a qualified tech I try to half that figure.Also why I started charging is because I use a specific cleaner and oil . I also need to use threads and fabrics which I need to source as well. Rates per hour vary and some googling around I found between R160 - R260 per hour .I love fixing sewing machines, the mechanics of sewing machines is just amazing. I mostly do it for free though for old ladies and people trying to make a living.
How do determine the cost of repair time (apart from parts cost)? Cheers!
I was considering remote tutoring or something in the evenings, there seems to be quite the market for it.
I've been investing since 2014. So you're unlucky, or didn't analyze the market and market trends.for me personally stock market is trash, unless you watch it everyday, day trading. I am down 10k on Naspers
You just described a government job.Guys, you've been mixing passive and active income.
Passive is when you don't do anything and money comes
I've been investing since 2014. So you're unlucky, or didn't analyze the market and market trends.
2020 was my most profitable year since 2014, thanks to the Vid.
Monitoring and analysis is for the intelligent... idk wtf im looking at...
Me: "What should I put my money into"
Every Trader ever: "IDK man... look at the charts"
Me: "Well you do that... so whats good now"
Every Trader Ever: "Not sure just have a look and do some Analysis, Look at $PPL - but Im not a financial advisor, I dont know what Im doing"
Me: > Puts money into something
> Loses 45%
Me: "This sucks"
Every Trader Ever: "That was dumb, how could you not see the inverted cup and handle, double bottom, W pattern, Bullish bearish pennant - this is a classic Ichigomoto Harimitsu YoshiYoshi pattern, classic bear pattern, 95% chance of a crash man, can't believe you didnt see that!"
Out of curiousity, when you say you own "these" stocks.Ignore all the cup and handle harimitsu bear w patterns. Look at what's popular, what's being worked on, what disasters are affecting us, etc.
In 2020 I put money into oil a bit after the crash. I unfortunately didn't buy when it was pennies, otherwise I would've had triple what I have now. No cups and handles and chocolate cake patterns, I just knew the world needs oil when the vid ends.
I have also invested in renewable energies and renewable batteries. I've made a fair few pennies from this, but I've since pulled out due to all the issues that cloud them. I might invest in nuclear, but that will be risky as we have too money morons on this planet that's anti nuclear.
I've bought into ecommerce, because I've read a while ago that malls and brick and mortar stores are closing down in favor of online stores. Made a few bucks.
I owned silver after the lows in 2014, my very first investment.
I owned all these stocks without a sell date in mind, I just waited patiently until my trees bared fruit and I thought it's about time to cash out, or I've spotted the next opportunity for investment.
I now own airline stocks, cruise ship stocks, semiconductor stocks, crypto, a lithium mining company stock and weed stocks. You tell me why I own these stocks/crypto without me having to tell you why I own them
Out of curiousity, when you say you own "these" stocks.
Are you buying stocks in companies that sell / offer these?
If multiple companies provide "semi-conductors" for instance, do you invest in a few companies in that range or just 1 which you research and like?
I like your earlier reasons for investing as they all make logical sense to me. Thank you.
Cost of repair time can be done in a few ways, but 3 that I can think of:I love fixing sewing machines, the mechanics of sewing machines is just amazing. I mostly do it for free though for old ladies and people trying to make a living.
How do determine the cost of repair time (apart from parts cost)? Cheers!
Platform: udemywhat type of tutoring and on what platform?