Overview and Expectations

Posted byphilsquestformoneyPosted inUncategorized

The Quest

This blog is designed to document and brainstorm ideas on how to generate more income with less work. You might have heard people talk about passive income. Without a giant start capital or a set-in-stone business, this seems unfeasible for me right now.
Leverage income, is income that does not grow proportionally to the time spend, but exponentially. I will still invest a lot of my time, but hope that this will be an source of income even when I scale down my efforts. This blog will generate ideas on how to do so.

Current Status

These are my sources of leveraged income and their expected returns.
I will not consider my 401K leveraged income because I do not have access to it for 36 years. I also do not consider inflation in this.

  • Savings Account: 1.7% * $25,000 + $100 bonus= $525
  • Certificate of Deposit: 1.75% * 10,000 = $175
  • Stocks and ETFs: 6.00%** * (7,000 + 3255.82) = 615$
  • Fixed Income: 2.75% * 7866.95 = $215

** as given by https://www.nerdwallet.com/blog/investing/average-stock-market-return/

Total leveraged income: $1530 per year

Let’s try to do the same amount per month!

Initial ideas

These are some ideas from Youtube videos and other blogs on how to create leveraged income. Some of these are not actually leveraged, but can be used to create additional income for investments and other projects.

  • Create a blog:
    – Work: Low
    – Chance of Success: Low unless instagrammable
    – Investment: Low
  • Create an online course (Udemy, Youtube, ??):
    – Topics: How to college, coffee, career management, finance, book reviews
    – Work: High
    – Chance of Success: Medium
    – Investment: Medium
  • Write a book
  • Credit Card Churning
  • More investments
  • Real Estate
    – not possible in the valley, but somewhere else?
  • Focus Groups
  • Affiliate Marketing
  • Photography Royalty
  • Own an ATM ?? (Cost $850 to $5000)

Tasks for next time

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