Comments on: Finding Passive/Alternative Income Streams http://www.milliondollarjourney.com/passivealternative-income-streams.htm Building Wealth through Saving and Investing Sat, 20 Mar 2010 14:14:53 -0400 http://wordpress.org/?v=abc hourly 1 By: 2009 Financial Goals Evaluation | Finance Blog http://www.milliondollarjourney.com/passivealternative-income-streams.htm/comment-page-1#comment-109197 2009 Financial Goals Evaluation | Finance Blog Wed, 06 Jan 2010 11:59:20 +0000 http://www.milliondollarjourney.com/passivealternative-income-streams.htm#comment-109197 [...] free of course. Goal 6: Dividend Income Goals – One of my higher priority goals is to increase my passive or alternative income.  My current Smith Manoeuvre portfolio is paying about $1,000/year in dividends which I plan to [...]

[...] free of course. Goal 6: Dividend Income Goals – One of my higher priority goals is to increase my passive or alternative income.  My current Smith Manoeuvre portfolio is paying about $1,000/year in dividends which I plan to [...]

]]> By: More Online Backup Software, Book Winners and Weekend Reading | Million Dollar Journey http://www.milliondollarjourney.com/passivealternative-income-streams.htm/comment-page-1#comment-68600 More Online Backup Software, Book Winners and Weekend Reading | Million Dollar Journey Fri, 30 Jan 2009 11:31:05 +0000 http://www.milliondollarjourney.com/passivealternative-income-streams.htm#comment-68600 [...] Going through the archives, approximately one year ago, i wrote about finding alternative income streams. [...]

[...] Going through the archives, approximately one year ago, i wrote about finding alternative income streams. [...]

]]> By: Marketingtips http://www.milliondollarjourney.com/passivealternative-income-streams.htm/comment-page-1#comment-68100 Marketingtips Sun, 25 Jan 2009 17:07:21 +0000 http://www.milliondollarjourney.com/passivealternative-income-streams.htm#comment-68100 Must confess I am one of those people who found my calling n my day job and hope never to have to give it up. However there is the issue of security especially financial security and no matter how much you love your job, the risks still remain. For this reason I have built a stream of passive income, which I actually also find quite interesting. Sometimes it's not about giving up the day job Must confess I am one of those people who found my calling n my day job and hope never to have to give it up. However there is the issue of security especially financial security and no matter how much you love your job, the risks still remain. For this reason I have built a stream of passive income, which I actually also find quite interesting. Sometimes it’s not about giving up the day job

]]> By: winston http://www.milliondollarjourney.com/passivealternative-income-streams.htm/comment-page-1#comment-52832 winston Sat, 20 Sep 2008 07:58:09 +0000 http://www.milliondollarjourney.com/passivealternative-income-streams.htm#comment-52832 On rental streams - if you don't have the capital for an investment property, you can even use sites like RayStay to list a spare room, or a couch to travelers. On rental streams – if you don’t have the capital for an investment property, you can even use sites like RayStay to list a spare room, or a couch to travelers.

]]> By: Paul http://www.milliondollarjourney.com/passivealternative-income-streams.htm/comment-page-1#comment-52251 Paul Tue, 16 Sep 2008 09:28:26 +0000 http://www.milliondollarjourney.com/passivealternative-income-streams.htm#comment-52251 Even as i have already RSS-ed your blog into my reader, i still found your this post thru a search engine. Cool. You have great content and yes, I am sure you are reaping a stream of income via this blog as well. Any posting soon on how big a stream this blog is contributing? cheers and kudos! Paul www.passivelifeincome.com Even as i have already RSS-ed your blog into my reader, i still found your this post thru a search engine.

Cool. You have great content and yes, I am sure you are reaping a stream of income via this blog as well.

Any posting soon on how big a stream this blog is contributing?

cheers and kudos!
Paul
http://www.passivelifeincome.com

]]> By: Dividendgrowth http://www.milliondollarjourney.com/passivealternative-income-streams.htm/comment-page-1#comment-29751 Dividendgrowth Mon, 31 Mar 2008 18:03:06 +0000 http://www.milliondollarjourney.com/passivealternative-income-streams.htm#comment-29751 I would be interested to see how much your "passive/alternative income" has reached since your last update in September 2007. I would be interested to see how much your “passive/alternative income” has reached since your last update in September 2007.

]]> By: Tim http://www.milliondollarjourney.com/passivealternative-income-streams.htm/comment-page-1#comment-25308 Tim Tue, 12 Feb 2008 13:01:28 +0000 http://www.milliondollarjourney.com/passivealternative-income-streams.htm#comment-25308 Owning rental property is a tough business, even with a property manager. I've found that tenants lie, cheat, and steal, and managing them is like dealing with children. I've also found that some property managers lie, cheat, and steal. Rental property is a game of constantly managing people, and keeping aware of situations that surround the area your property is in. It surely is not passive income...On top of the dealing with people aspect, there's a ton of paperwork, especially in some cities with strict code enforcement of rental properties. Fixing up the rental properties was the fun and easy part of it..the rest of it is all a pain in the butt. Just think how much it sucks when you have all the copper pipes stolen out of your property...Property Manager or not, this becomes a huge expense. Check out some of our thoughts on rental property at <a href="http://themoneykings.com" rel="nofollow">The Money Kings</a> Owning rental property is a tough business, even with a property manager. I’ve found that tenants lie, cheat, and steal, and managing them is like dealing with children. I’ve also found that some property managers lie, cheat, and steal. Rental property is a game of constantly managing people, and keeping aware of situations that surround the area your property is in. It surely is not passive income…On top of the dealing with people aspect, there’s a ton of paperwork, especially in some cities with strict code enforcement of rental properties. Fixing up the rental properties was the fun and easy part of it..the rest of it is all a pain in the butt. Just think how much it sucks when you have all the copper pipes stolen out of your property…Property Manager or not, this becomes a huge expense.

Check out some of our thoughts on rental property at The Money Kings

]]> By: George http://www.milliondollarjourney.com/passivealternative-income-streams.htm/comment-page-1#comment-24900 George Thu, 07 Feb 2008 22:57:30 +0000 http://www.milliondollarjourney.com/passivealternative-income-streams.htm#comment-24900 DividendGrowth: I'm looking at CDZ, the Canadian Dividend Achievers ETF, primarily to be used as part of my non-registered portfolio. I like the idea of getting a basket of stocks that will generate tax-favourable income. That said, I may decide to invest in individual stocks as well. DividendGrowth: I’m looking at CDZ, the Canadian Dividend Achievers ETF, primarily to be used as part of my non-registered portfolio. I like the idea of getting a basket of stocks that will generate tax-favourable income. That said, I may decide to invest in individual stocks as well.

]]> By: Dividendgrowth http://www.milliondollarjourney.com/passivealternative-income-streams.htm/comment-page-1#comment-24897 Dividendgrowth Thu, 07 Feb 2008 22:15:50 +0000 http://www.milliondollarjourney.com/passivealternative-income-streams.htm#comment-24897 George, Which of the particular Claymore Dividend Etf's are you referring to? I do not mind buying dividend etfs that only consist of companies which have a solid history of raising them for at least 20 years. The ETF should also try to increase its dividends every quarter or at least year over year. The issue with dividend ETF's is that it might give a bigger weighting to a stock which might increase its dividend the most or even cut it, and you will actually receive less income. I like having my own list ready, since I can weight my stocks equally.. TheWalrus - I think that if you hire a manager real-estate should be considered passive income. If you deal with the day to day stuff then its a job.. George,
Which of the particular Claymore Dividend Etf’s are you referring to? I do not mind buying dividend etfs that only consist of companies which have a solid history of raising them for at least 20 years. The ETF should also try to increase its dividends every quarter or at least year over year. The issue with dividend ETF’s is that it might give a bigger weighting to a stock which might increase its dividend the most or even cut it, and you will actually receive less income. I like having my own list ready, since I can weight my stocks equally..

TheWalrus – I think that if you hire a manager real-estate should be considered passive income. If you deal with the day to day stuff then its a job..

]]> By: George http://www.milliondollarjourney.com/passivealternative-income-streams.htm/comment-page-1#comment-24735 George Wed, 06 Feb 2008 05:34:29 +0000 http://www.milliondollarjourney.com/passivealternative-income-streams.htm#comment-24735 What's your take regarding investing in the Claymore Dividend ETF instead of individual companies? The relatively low MER would seem to make it a good way to diversify your holdings while still receiving regular dividend income. What’s your take regarding investing in the Claymore Dividend ETF instead of individual companies? The relatively low MER would seem to make it a good way to diversify your holdings while still receiving regular dividend income.

]]> By: TheWalrus http://www.milliondollarjourney.com/passivealternative-income-streams.htm/comment-page-1#comment-24294 TheWalrus Sat, 02 Feb 2008 03:59:51 +0000 http://www.milliondollarjourney.com/passivealternative-income-streams.htm#comment-24294 Real estate is certainly passive income, if you have a property manager that is. The idea of passive income isn't that you never have to work for the reoccurring income. Asset management is essential. The idea is that it takes one large or consistent effort to establish something that produces income in perpetuity. Real estate is certainly passive income, if you have a property manager that is. The idea of passive income isn’t that you never have to work for the reoccurring income. Asset management is essential. The idea is that it takes one large or consistent effort to establish something that produces income in perpetuity.

]]> By: Dividendgrowth http://www.milliondollarjourney.com/passivealternative-income-streams.htm/comment-page-1#comment-24270 Dividendgrowth Fri, 01 Feb 2008 20:05:47 +0000 http://www.milliondollarjourney.com/passivealternative-income-streams.htm#comment-24270 After reading FrugalTrader's post, and going through the comments, it seems that the only truly passive income stream that could exist in todays world is investing in dividend paying stocks. The only think that you need to do is buy a basket of stocks that have a history of increasing their dividends, reinvest the dividends automatically and come back in 15-20 years to collect the fortune. The only risk though is that not all of the dividend achievers of 2008, will be considered dividend achievers in 2028. However, there are certain dividend ETF's like SDY, which would automatically invest your funds in the latest dividend achievers. Even if you buy several ETFS like EEM, SPY, IWM, VEU you can safely go to sleep and return in 20 years. After reading FrugalTrader’s post, and going through the comments, it seems that the only truly passive income stream that could exist in todays world is investing in dividend paying stocks. The only think that you need to do is buy a basket of stocks that have a history of increasing their dividends, reinvest the dividends automatically and come back in 15-20 years to collect the fortune. The only risk though is that not all of the dividend achievers of 2008, will be considered dividend achievers in 2028. However, there are certain dividend ETF’s like SDY, which would automatically invest your funds in the latest dividend achievers. Even if you buy several ETFS like EEM, SPY, IWM, VEU you can safely go to sleep and return in 20 years.

]]> By: ETF Income http://www.milliondollarjourney.com/passivealternative-income-streams.htm/comment-page-1#comment-24155 ETF Income Thu, 31 Jan 2008 17:43:25 +0000 http://www.milliondollarjourney.com/passivealternative-income-streams.htm#comment-24155 I just love the idea of passive income. I especially favour Dividend ETF as it takes away the risk of specific company. http://etfincome.blogspot.com I just love the idea of passive income. I especially favour Dividend ETF as it takes away the risk of specific company.

http://etfincome.blogspot.com

]]> By: klein http://www.milliondollarjourney.com/passivealternative-income-streams.htm/comment-page-1#comment-23853 klein Tue, 29 Jan 2008 19:35:10 +0000 http://www.milliondollarjourney.com/passivealternative-income-streams.htm#comment-23853 All this talk about finding your passion and that it will be nothing but fun all day that you get paid for is CRAP. My passion is performing. Now, let's assume that I had a steady performing gig like a sitcom, soap, or Broadway musical going on. It would be fun, yes, but there is a hell of a lot of hard work that goes on too, and there's quite a bit of it that is not enjoyable. People seeking their passion should remember that even once you've found it, there are going to be some aspects that you don't love as much as others. The key is to find something you love for which you are willing to go through the crappy parts. All this talk about finding your passion and that it will be nothing but fun all day that you get paid for is CRAP.

My passion is performing. Now, let’s assume that I had a steady performing gig like a sitcom, soap, or Broadway musical going on. It would be fun, yes, but there is a hell of a lot of hard work that goes on too, and there’s quite a bit of it that is not enjoyable.

People seeking their passion should remember that even once you’ve found it, there are going to be some aspects that you don’t love as much as others. The key is to find something you love for which you are willing to go through the crappy parts.

]]> By: Carnival of Personal Finance #137 - The Passion Edition » The Dividend Guy Blog http://www.milliondollarjourney.com/passivealternative-income-streams.htm/comment-page-1#comment-23739 Carnival of Personal Finance #137 - The Passion Edition » The Dividend Guy Blog Mon, 28 Jan 2008 05:22:38 +0000 http://www.milliondollarjourney.com/passivealternative-income-streams.htm#comment-23739 [...] The thing about dividends is the stocks continue to give them even if you just sit around. FrugalTrader from Million Dollar Journey dividends as one of his options for passive/side income in Finding Passive/Side Income Streams. [...]

[...] The thing about dividends is the stocks continue to give them even if you just sit around. FrugalTrader from Million Dollar Journey dividends as one of his options for passive/side income in Finding Passive/Side Income Streams. [...]

]]> By: Alex Liu http://www.milliondollarjourney.com/passivealternative-income-streams.htm/comment-page-1#comment-23691 Alex Liu Sun, 27 Jan 2008 11:05:09 +0000 http://www.milliondollarjourney.com/passivealternative-income-streams.htm#comment-23691 This is a great post. I prefer side business and property investment as my passive income. I focus on blog and invest what I earn from my blog to invest some property. I found myself doing this way will be faster and easier. Alex Liu How To Become A Millionaire http://secretsofunlimitedwealth.com This is a great post. I prefer side business and property investment as my passive income.

I focus on blog and invest what I earn from my blog to invest some property. I found myself doing this way will be faster and easier.

Alex Liu
How To Become A Millionaire
http://secretsofunlimitedwealth.com

]]> By: Get Paid to Eat Cake http://www.milliondollarjourney.com/passivealternative-income-streams.htm/comment-page-1#comment-23653 Get Paid to Eat Cake Sat, 26 Jan 2008 20:46:24 +0000 http://www.milliondollarjourney.com/passivealternative-income-streams.htm#comment-23653 [...] Dollar Journey - Finding Passive/Alternative Income Streams. I love finding ways to make money outside of my regular job - especially when I only have to work [...]

[...] Dollar Journey – Finding Passive/Alternative Income Streams. I love finding ways to make money outside of my regular job – especially when I only have to work [...]

]]> By: Link Love Friday | A Trade A Day http://www.milliondollarjourney.com/passivealternative-income-streams.htm/comment-page-1#comment-23535 Link Love Friday | A Trade A Day Fri, 25 Jan 2008 01:56:09 +0000 http://www.milliondollarjourney.com/passivealternative-income-streams.htm#comment-23535 [...] talks about Passive Streams of Income this week. I need to get some of those. Trading is hard [...]

[...] talks about Passive Streams of Income this week. I need to get some of those. Trading is hard [...]

]]> By: CanadianImmigrant http://www.milliondollarjourney.com/passivealternative-income-streams.htm/comment-page-1#comment-23509 CanadianImmigrant Thu, 24 Jan 2008 20:03:04 +0000 http://www.milliondollarjourney.com/passivealternative-income-streams.htm#comment-23509 Thank you very much! Thank you very much!

]]> By: FrugalTrader http://www.milliondollarjourney.com/passivealternative-income-streams.htm/comment-page-1#comment-23508 FrugalTrader Thu, 24 Jan 2008 19:48:15 +0000 http://www.milliondollarjourney.com/passivealternative-income-streams.htm#comment-23508 CanadianImmigrant, Yes there are a few tax deductions that you could use for your blog business. Check out this article: http://www.milliondollarjourney.com/tax-tips-your-blog-as-a-business.htm CanadianImmigrant,

Yes there are a few tax deductions that you could use for your blog business. Check out this article:
http://www.milliondollarjourney.com/tax-tips-your-blog-as-a-business.htm

]]>