RE: Is It a Myth? – the Genuine Truth About Passive Income
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Regards @deathcross.
The possible scenarios you raise really seem to work, but as you said at the beginning, a passive income without effort does not exist.
As I see it, generating income passively implies a previous effort to accumulate capital. Once we have resources (movable or immovable, liquid, passive, fiat or crypto) then we could concentrate on developing a recipe that allows to be placed these on "autopilot", generating interest or ROI.
Thank you for sharing your thoughts and knowledge with us.
Your friend, Juan.
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There are also some authors saying "take a lot of loan, buy houses and rent them". But this is dangerous, if the housing market goes down. And, loans have limits, you have to risk a lot of own capital.
Traditionally the real estate market has always been quite solid. Investing in properties, houses, buildings, land ... has always been considered a low risk investment.
But as long as you do it with your own capital. Applying for a loan to make such an investment would be a risky move. This is due to interest rates, which are really very volatile.
In other order of ideas:
I would like to ask you a favor. You may have a couple of minutes to check a link that I will leave you.
We have been working on the launch of our own curation trail for our project @ project.hope of which I am co-founder and is currently in ... let's call it: experimental phase.
https://steemit.com/steemit/@coach.piotr/project-hope-and-curation-trail-on-steemauto-com-brainstorming
Please let me know what you think and leave a comment whenever you can. Your opinion is a gold mine for me.
Thanks in advance
Has been considered, but wasn't. See people having home in Detroit (partly a ghost town), or simply the housing crisis of 2007-2009. Precious metals are also moving just like stocks, the price can surge or decline 20-30 percent a year. Leverage - credit - makes this only much more dangerous. Loans multiply gains or losses.
Real estate may seem stable - in the background of hyper-inflation.
There are many aspects and variants to consider. Everything is much more complex than it seems.
But definitely investments will always have a risk margin.