Passive Income from Closed-end Funds
Passive Income Quest: Trial and Error
by floptious
3y ago
Consider my time away from the PI-Quest a writing hiatus. I’ve still been on the quest but I haven’t made much time for writing. I don’t intend to write at the frequency I did when I started but since there are still visitors to the site pretty much every day. I should probably give the occasional update and my thoughts on the subject; closed-end funds will be the topic for today. Many of the things that people write about for making passive income don’t work or require a certain amount of specialized skill that isn’t optimal for people who aren’t used to it already. What’s been working the b ..read more
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Play the Long Game
Passive Income Quest: Trial and Error
by admpoindexter
5y ago
Playing the long game is what will separate you from the rest of the crowd. Everyone wants to be an immediate success, a “meme”, and for that reason they reject the things that are important to them, and diminish the importance of their work. The first thing to consider is this, what is it that really interests you? In other words, what are you passionate about? Do you feel “nerdy”? Welcome to the club! For every wild success story that you experience or read about today, there was one (or a couple) “nerds” who were convinced that nothing would come of their efforts. This is the dil ..read more
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Make money by teaching, series part 1
Passive Income Quest: Trial and Error
by floptious
5y ago
Series Part 1: make money by teaching Making money by teaching; series part 1? I’ve decided to embark on a whole series of blog posts dedicated to making money. Some will be from active income and some will be passive. My philosophy here is that sometimes you need to start out by making active income so you have money to invest in things that may passive income (like stocks that pay dividends and P2P lending. Work hard to invest hard. I believe we’ve covered this topic before. In this series, which I’ll write a post for each of a number of categories. Income from teachingRenting out y ..read more
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Passive Income Quest content
Passive Income Quest: Trial and Error
by floptious
5y ago
What about passive income quest content? Passive income quest content apparently has too many posts to scroll through and there’s no way to quickly browse the site for topics of interest. I’ve been informed that this is the situation. So, for now, I’m going to create a lost of topics and their associated links in this post to help you find things that you may be interested in. This will have to be the solution until I figure out how to move posts to their own individual pages and get the site better organized. The quest itself If you’re interested in my personal quest to find pass ..read more
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Passive income by changing banks
Passive Income Quest: Trial and Error
by floptious
5y ago
It’s time to increase passive income by changing banks. Back when I started with an online bank, I signed up for OrangeING and the interest rate was great. I’ve parked my money there for a long time and over that time the interest rate had declined. OrangeING was bought out by Capital One and though the level of service that I appreciated from OrangeING has remained the same, the interest rate is now lacking. I understood why it went so low after the great recession but now it’s been over 10 years since then and I kinda feel like I’m getting screwed on the interest rate. So, I’m moving the sav ..read more
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