I wish i had good passive income

Rent out a flat or house and travel the world!

renting will also come with its headaches and expenses. so might not make much to follow your dream

What about getting a stock which pays dividends?

that is a good idea. how do you pick the right ones tho?

renting will also come with its headaches and expenses. so might not make much to follow your dream

I do lock up garages. Cheaper to initially buy, so much less red tape than residential to let/evict.

Not long bought my first investment flat, but needing a bit of work before I let it. It's in a Scottish village so not crazy rent, but stable ongoing return if I'm not greedy.

Then i could retire and travel the world!

Just look at dividend history and buy based on that. Pretty random. Atm i have some shares in intel as they are cheap. If the shares go up then i’ll have a profit from the share price increase and dividends too.

Same! I’m going to live at home get my degree save a ton move countries work open up some businesses and be rich! Remember my name 😌👌🏾

Intel shares yield 1.7%

So with a £1m investment you're getting £17k a year.

Is that enough to retire and travel the world?

It was a lot higher a year or two ago. I’m hoping it’ll pick up eventually. Any good dividend stocks you recommend?

I love traveling and I had a similar idea! I realized along the way that passive income doesn't just magically start pouring in - it takes some effort and often a bit of investment to set things up properly. For example, affiliate marketing, which I started doing three months ago, is one of the options. You promote someone else's product or service and earn a commission for any sales made through your unique affiliate link. Once you figure out google analytics affiliate tracking, which is not rocket science, you got yourself a decent source of passive income. When I first started, only the terminology seemed like way too much to learn, but a friend pushed me to continue. Well, my bills also played a big role, I don't live in a fairytale. I had to dig around a little, got myself a couple of tools that do half of the work, and it's going well. 10 days on a Greek island this summer already covered. Next goal - Prague - Vienna - Budapest tour!

Then i could retire and travel the world! I met a guy travelling who owns his flat
Outright in saltzberg. He rents it out and is travelling the world using the rental income! I want to do the same! Rent out a flat or house and travel the world!

Does anyone else do this? How is your life? How long did it take to develop a passive income and how did you do it?