My best passive income ideas that have worked for me in creating the power of compounding returns and freedom from the nine to five. I make about 3-4k a month ball park.
Working for someone else for 13 years and saving my salary at an 80% clip per year and then investing it into:
Passive investments:
1. Prosper.com
2. Rental properties (managed by property manger)
3. ETF/CEF screeners for portfolio yielding over 8% on TD Ameritrade.com)
4. Partnering on fixing up assisted living homes for healthcare provders with like-minded investors
Bringing value to people in my knowledge//skill niche:
1. Swish House
2. Providing youth basketball camps
3. Writing on Medium
4. Writing on Newsbreak
5. IG paid $50 for a reel the other day (lol)
Passive income failures:
Voyager Crypto
BlockFi
Bancor seems like a really 'too good to be true' scenario, but I check out anything passive and spread my bets widely.