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Members List. Mark Forums Read. Vendor Directory. Welcome to the updated THT! If you are having trouble signing in, please can i build my own boat in canada machine feedback thehulltruth.

We thank you for your patience as we help you access the new site! The Boating Forum. How dumb am I for wanting to build my own boat? Thread Tools. Likes: Received Likes on Posts. I can't seem to leave these rebuild threads. My favorite have been the or variant hulls. But I just don't think the size of hull is that much bigger than I have now to justify the effort.

I'd definitely be canxda in quality but not necessarily size from my 21'6" walk around that I machnie. I stumbled onto various posts where people have built their own boats from cnc cut kits.

This seems like a good option to redesigning a pre-existing hull trying to make it something it's not. I know this is no easy task of building a boat from scratch. Hell, I get tired just reading about it after a. But, I'm seriously huild this could be a canaca project. If it takes me several years to do it right, biat so be it. I'm not on any rush to dump my current boat. But something bigger and outboard powered in the future sounds good, especially since your looking at k or better for that step up.

This boat really has my eye. It's an Envi 26 express build. Buidl never built a boat before, but I'm no stranger to mechanics and construction. I used to work as a beginning carpenter before I decided to fall off a roof. Since then and after a career change and healed broken feet, I've torn off and rebuilt roofs on houses, built ubild, built-in home cabinets, fireplace mantels from scratch and added closets and shelving to rooms.

I'd say my skill level is well above average diy. If I were to take on this project, it will be about xan years from now when I'm finally retired from my work.

The build would take place in my home shop. I would spent my free machune between now and then to further educate myself on build techniques and fiberglassing. There are tons of threads online where guys who have never rebuilt a boat before have done it and the build has come out. I haven't heard any horror story's.

Maybe nobody wants to admit that they've gotten in over their head and simply just stop posting and sell off the project. Anyway, that's all I got.

Now let me have it. View Public Profile. Send a private message to lakemonster1. Find More Posts by lakemonster1. Oh, let me count the ways Would it be fun Would I use envi, probably not after what's gone on in the past. Send a private message to smccormick. Find More Ij by smccormick. Admirals Can i build my own boat in canada machine. Likes: 1. Received Likes on 73 Posts. Parts are parts.

If you are mechanically inclined and have patience then go for it. Have fun! Send a private message to Bassmantweed. Find More Posts by Bassmantweed. Then again prices being what they are, if you are as described above, get started and post lots of updates. HarvestTimeRLC Send a private message to GH Find More Posts by GH GCC built that boat.

His thread is on. Search for building a 27 express. Go through bulid. Building a 27 Custom Express. Send a private message to mwgoldman. Find More Posts can i build my own boat in canada machine mwgoldman.

Received 1, Likes on Posts. I'd imagine everyone who has done their first build asked themselves the same question. As well as the skills of course you will need the time and the tenacity - if you already have the shop then that's one major hurdle bost. I'd say be honest with yourself about the time commitment - the can i build my own boat in canada machine that your shop is at home will help especially when there are tasks that can be completed by just snatching an hour or two in between the rest of the things that fill life.

In your shoes, I think I'd go for it. I'd love to have all the ingredients to do it. Send a private message to Clinker. Find More Posts by Clinker.

Do it. Maybe in the next year or two you could build a small stitch and glue skiff to see how you like it? Send a private message to Vollymall. Find More Posts by Vollymall. I'm on my 4th year of a rebuild, pretty much nonstop, albeit slow Theres high highs and low lows, I'm barely in my 30s, and it's hard work and all but if I was near retirement Canaxa would be more concerned about using a boat then building.

Maybe start with an existing hull to save a ton of time would be my suggestion. A 28 bertram hull can be had cheap. Cut the cap off, build it to your style and add a shear break. Send a mahcine message to HarvestTime.

Find More Posts by HarvestTime. Copying a 31 Bertram in Quepos Costa Rica. Send a oen message to briankinley Find More Posts by briankinley Lot of risks in a one off After years of work, she may not ride well or be wet or be bow or stern heavy Buy a known ih and re do it, IMO. DavenSeaPro48Texas Send a private message to 54bullwinkle.

Find More Posts by 54bullwinkle. Send a private message to PeterDE. Visit PeterDE's homepage! You sound like you have a maachine idea dan what boat building takes. But wait! There's more! I've heard troublesome reports of Envi's plans.

Final:

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The policy debate surrounding Native people absolutely must be taken away from the victim industry and radically reformulated. Timothy Wu wonders if the First Amendment is 'obsolete,' and believes in 'returning the country to the kind of media environment that prevailed in the s'. This website uses cookies to personalize your content including ads , and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Service and Privacy Policy.

Advantage Alberta. Manage Print Subscription. Main Menu Search nationalpost. NP Comment. John Ivison 1 hour ago NP Comment. Terry Glavin 4 hours ago NP Comment. Rex Murphy 5 hours ago NP Comment. Colby Cosh 9 hours ago NP Comment.

Latest NP Comment Videos. Up Next. This advertisement has not loaded yet, but your article continues below. Jesse Kline 11 hours ago NP Comment. John Robson 15 hours ago NP Comment. Chris Selley 1 day ago NP Comment.

Local Advertisement. John Ivison 1 day ago NP Comment. Tasha Kheiriddin 1 day ago NP Comment. National Post 1 day ago NP Comment. Colby Cosh 1 day ago NP Comment. Derek H. Burney 1 day ago NP Comment. Rex Murphy 2 days ago NP Comment. Matt Gurney 2 days ago NP Comment. Barbara Kay 2 days ago NP Comment. Pretty steady. The diversification and steady income is nice. Not sure. I did do a year in review post. Crowdstreet and Fundrise seem to have good offerings with attractive IRR and yields.

I would love to know what you look for when deciding to invest or not in a given offering. While Fundrise has eReits, Crowdstreet has more specific project offerings so would be helpful to have some general criteria for evaluating these since they are so different from traditional stocks and bonds.

Great write up Sam. In my area, you can get some cash flow, but a lot of the returns come from appreciation. That one should be good for some years to come and start bringing in more cash flow now that all major repairs are completed. And real estate does more than just track inflation � it throws off income which is important to some people and useful to most. And while your underlying asset is appreciating, the income also grows as rents increase over time.

And if you make smart and well-timed purchases, both rents and asset values can increase at well above the rate of inflation. Interesting article. I do wonder though what influence regions play into this. Thanks for sharing. I think real estate is the most attractive passive income opportunity in the new decade. Mortgage rates are down, and prices are down, but incomes are up and stock returns are up.

Hey Sam, have you written any articles outlining how you went about creating your eBook? Would love your insight on how you navigated the process, what resources you found most helpful along the way, and potential pitfalls to avoid. Passive income is one of those things more people should focus their attention on.

My preference at my stage in life is real estate. However, I am always willing to look at other options. Reading this post reminded me to consider the inverse relationship between the degree of passivity of a given investment and return on investment. Certainly we all want the highest return we can get. Most of us also want the most passive investment. Two other things to keep in mind are the impact of tax laws on any form of investment and the ability to leverage our capital financing.

Given these factors, real estate continues to be at the top of my list. Samurai, Have you investigated alternative passive income investments: Life Settlements and viaticals Private loans to businesses Legal settlements. Your assessment of the net return on rentals in the midwest is accurate. I live in Indiana and own several single family homes no mortgages.

They yield a 9. I invest in physical real estate myself. I currently own one single-family home and a duplex as well. Have you had any direct experience with any of the crowdfunding or p2p platforms that you would recommend? Or even a syndicator that you have had a good investing experience with.

So for those unaccredited but want to invest more say they have savings around just not enough legal net worth to qualify as accredited , what to do? Or across all of them have to be no more than the limit? Do what ever you want to do as long as you completely understand the risks of the investments. No one checks this you just self certify.

The government is like a huge wall keeping you from accessing great investments and only allowing rich people to gain access. There should be absolutely no rules keeping you out of an investment if you can go gamble 50k and lose it at a casino or invest in highly speculative penny stocks or use leverage in a brokerage account.

If it were me and say I was at my max limit according to the law but I fully was aware of the risk and made an educated decision I would just change the number so it allows me to invest. These rules do not protect investors they keep people from investing like the wealthy do. The accredited investor rule is not protecting you. My net worth is approx. The only thing that should matter is your financial plan and weather or not that investment would fit into your plan and goals.

Passive income can only happen taking individual tax situation and risk profiles in consideration as suggested above. I think there is a business opportunity for who will help define blueprints and pattern for those who seek. In other words when real estate crashes some day how much would you expect the draw down to be in comparison to something like REZ? I did take a look. Trying to understand this piece below. Is it secured or unsecured?

Thank you again for any further input. Real estate crowdfunded investments are generally unsecured investments, meaning that if, say, the platform were to go under, investors could lose their capital. While most investors are aware of the risk, the nature of the security of investments may be changing, and lawyers say investors should keep an eye on that point.

The solution to a real estate crowdfunding platform like Fundrise going under is the hiring of a third party bank who acts as the custodian of all assets. For example, Pershing has over a trillion in assets managed and is not going anywhere even if a REC platform does.

At least with real estate crowdfunding, if there are troubled times, there is the underlying real estate asset that can be worked out, unlike lending money to people via P2P. This article is great! There are a lot of points in it that I can really relate to. Especially the part about annoying co-worker.

There are so many great points in your post. That must come from a large amount of cash. Would that cash be better utilized for investments? Further, cash is paying 2. To get that kind of monthly return in your online saving account you have to have almost half a million dollars.

This seems highly dubious. MY personal preference with regards to my risk tolerance is whatever I can do with leverage.

I love actively investing in the stock market with leverage, however this cannot be done passively with leverage. With regards to passive income, real estate is my favorite. How much money do I need to achieve what makes me happy? What makes me happy? It happened to me some years ago to have the chance to spend some years working on the understanding and achieving of some financial peace.

I am still in the process, I am about to getting there and it feels great. It is a wonderful trip. No regrets. I have tried Lending Club, did ok. All out now. So far, happy. I also something you have not mentioned. That would be preferred stocks and baby bonds. Why Mortgage Reits�. They pay pretty handsomely too. Here are some I am invested in: Note � some are a bit pricey now. Problem with investing in private equity is that it is hard to get access to the good funds that have consistently generated good returns over multiple cycles.

Nowadays, there is so much dry powder and so many new large funds being raised that it makes me question whether private equity returns over the next decade will even come close to what they have been over the past decade.

So while PE has generally outperformed other investment vehicles ie. I think that especially the P2P-lending is more profitable nowadays, at least in Europe.

I have only invested in Mintos, but I will soon divide and invest more in P2P-lending, because it gives pretty decent passive income : I will post my strategy in my blog soon. I am new to Financial Samurai and am very excited about about the content you are writing about.

Regarding passive dividend investing, what are your thoughts on higher yield mortgage trusts like NYMT or capital investment finance companies like ARCC? They have intriguing dividend yields, but this must come at some risk? Some mREITs are very safe as they only invest in mortgages backed by the government otherwise know as agency backed mortgages.

Others mREITs are usually some blend of agency and private mortgages. So they are generally a pretty safe investment. Nice article and I am glad to see that I have 4 out of the 8 of these options already. Although I used to be very keen on owning physical property as I liked having actual bricks and mortal, these days taking a more active role in REITS.

That said, the market is high in Singapore and who knows when there will be a correction. Great Post, very useful. I would argue that being long on the housing market is actually a good move, sure the prices fell in the financial crisis, but they seem to provide some good diversification since stocks and bonds are sometimes very sensitive to the overall economy.

Nearly all of my former colleagues all are retired now , made their wealth by owning one extra house, duplex or triplex for years. That was in the great growth era of the period in California. And�paying off their home.

A great lifestyle decision for us. I am now collecting from P2P Prosper after six years or so. Now it is down to 4. I too am deploying capital into High Growth DIV stocks and juggling their taxes vs the balance of my other income in early retirement. I was too busy building a professional building in to buy more than a couple of rentals. I have since sold one rental to my son.

I am on track to retire in 6 to 12 months and am looking for new ways to build passive income. The crowd funding of real estate ventures seems to be cooling off. I am looking for ideas. I have been too conservative in investing over the last 20 years but will be able to retire easily with a good margin. We live below our means. I believe we will have another big correction in stocks and real estate within 3 years; I will buy more rentals once cash flows work.

Overall, most vehicles are full valued so what to do now to capture more income? Is it better to build cash now or are you seeing some good opportunities at present values? Hey David, Similar experience here in Scotland, Paid off house 1st, bought property, ran a rental empire for 10 years. Discovered John Bogle and passive funds, we now split between Vanguard broad spectrum funds, high yield FTSE shares in tax free accounts and are slowly dissolving the empire.

All the best in Oregon, I hear its beautiful. I can do the math based on your rate and return, but too cumbersome. Thank you for the transparency. Hey Sam, Great article. So when you say bullish on the heartland do you have any particular areas you think are emerging with nice returns in the next years you want to share? I always have a great deal of difficulty in researching markets that have not already started to peak due to not being able to find any tools that will help me research enough data points.

I have played around with Mashvisor but feel like the methodology is flawed based on the small number of data points they are using. I have had the same theory that investing in smaller cities and towns will often have better potential for returns if purchased and researched correctly, but cannot find any source of data that would show me CoC or ROI numbers for a city of 20, for example instead of just the top cities with their metros. Great Article.

One thing I feel that would be useful is how long it took for you to get to this level of passive income. I am in my mid to late 30s. I am trying figure out how long it will take me to get to even K of passive income per year and how much savings I should have. Years later she passed away without stating where they were. Try again. Each state now has a robust online search tool that will produce the records. Federal laws in the US would have required financial institutions to keep these records.

You need only try each state. At the moment, Fundrise is offering another iPO to its current investors. What are the pros and cons of investing through the traditional Fundrise means vs through the iPO offering? In general, I stay away from investing directly in private companies. The most I will do is invest in a venture capital fund or venture debt fund, like I am now.

I like what Fundrise has been doing since its founding in They are innovators and leaders in the real estate crowdfunding space.

Enjoyed the article. Wondering what your best pick on Fundrise is? Supplemental Income, Balanced or Long term appreciation? With or without Plus? Hi Sam, I was just wondering if you would classify Real Estate apartment syndication under real estate crowdfunding or have it out on its own as a separate form of passive income?

Qualified dividends are taxed lower. Municipal bonds have no federal and state income tax. Real estate has a tax shield due to non-cash amortization expense and the ability to expense all operating expenses. Public REITs are good too, just not as focused. Real estate passive income through tax has a sweet benefit called depreciation. Now, I know why this is one of your popular posts.

I recently came across that. Is FundRise still better than them? I just found your site from an article I read from Marketwatch. This article on passive income investing caught my eye. Any reason why one should avoid Preferred shares?

I was going to ask the same question about preferred shares. They seem to be a financial step-child that no planner seriously considers. I currently have BofA and Wells Fargo preferreds that have 7.

Set them up as drips and watch the pot grow. Big transaction fees are bad if I was going to turn it over quickly.

I have most of my investments with Wealthfront already and am thrilled with their service. Seems like investors can avoid fees by direct stock ownership using a service like M1 Finance. But then you are back to picking stocks and hoping to beat an index.

I see some possible advantages to buying individual stocks and holding over long time periods. Would love to know what others think. I am only interested in setting and forgetting this type of investment. Using M1 with high quality stocks seems to get there. I wanted to know what these funds were holding. Of the seven funds I reviewed this was about years ago , all 7 held PG. Thanks Jim. The biggest advantage I see to individual stock over ETFs is your ability to hold each stock for long periods and buying on individual dips.

This is a return of What was your actual returns for with municipal bonds? Are you banking also on capital appreciation of the bonds on the returns? This will be very helpful for me to understand. Thanks for clarifying! Do you invest in Municipal Bond Funds or the bonds themselves.

Funds also presumably have a slightly lower return due to management fees. Is Wealthfront the best? There are others in the area I think like WiseBanyan, Bettermant, etc. How does one think they stack up against each other?

Wealthfront is my favorite digital wealth advisor because they were the creator of the genre and are based in the SF Bay Area. They charge 0.

Digital wealth advising is in their DNA, built from the ground up. The key is to invest regularly over time. Just found your site, I love the ranking system and look forward to reading more of the articles. I dont want to invest in all of his projects but I will invest only in those projects where I feel comfortable.

I believe this would be considered my passive income. Can anyone please guide me how would this be reported on Tax return for both of us? Since this would be passive income, there wont be and I am not a partner on his llc so there wont be any K1. I think you misunderstand when a is necessary. There are many different types of income reported via forms. Lots of passive income is reported on s, including interest income on INT, dividend income on DIV, and many different types of income on MISC, some of which are passive, some active.

Borrowers should always issue a INT to me, although many do not. I send a Form Mortgage Interest I received to them. You need to ask your accountant. I personally focus on dividend investing, but I am also trying to build up my blog to a point where the passive income is reasonable. I find real estate crowdfunding interesting, but my only gripe is that it has not been around long enough to see how it handles during a recession.

I enjoyed the article though! Keep on writing! You are lending to people banks have rejected due to risk. I spread my risk across those grades as well as the amounts that I would contribute, higher the credit the more money contributed.

Investing in life settlements the secondary life insurance market in which life insurance policies are bought at a discount, premiums paid, and the insurance is paid out upon the death of the original policy holder is beginning to enter the mainstream of passive investing. How to invest? Find a firm that buys life insurance policies that also offers an opportunity to invest.

The firm will give investors a promissory note payable in a specific number of years at a specific interest rate. The notes I hold are 5 years at 8.

You mentioned most of your bond holdings are California munis with yield of 3. Have you considered myc by Blackrock. It yields 4. I think it will be a good enhancer to your passive income in that category.

Would love to hear your thoughts on it. My wife got it on both ends of her service as the Navy paid for med school and then she was rated by VA after seven years active duty.

I bought a house. I chased my dreams and moved to a big city on the other side of the world where I rent. I will be using my equity to buy a house in central London in the next 18 months and will keep buying as much property as I can.

I have collegues, friends and family who have lost everything in stocks after being quite wealthy. The ones who succeed, so what if you have 50 million instead of 20? I save but I spend a lot on things I like.

I like nice cars, nice furniture, clothes etc. I really love nice experiences and I love sharing nice experiences with my loved ones. Screw being frugal.

What I love most is being able to freely give and provide for family and friends and charities too. The more you give the more you get. Everything we have is on lease from the universe! I want to always have the means to take care of myself and never be a burden on others, and I definitely want to enjoy the finer things in life, but the first priority has to be to enjoy life.

To be a positive person and share positive experiences with those you love as well as those who are trying to make this world a better place. I will take whatever you got because I could easily apply it to charity for my family and loved ones. I am curious about creating a product.

Do you have suggestions for getting it out there minus a website to advertise? So far that strategy has worked well, but always interested in other streams of income. Thanks for posting this I am a real estate investor and quite frankly am thinking of quitting real estate all together due to the hassles of dealing with tenants.

I rather put all that money into real estate crowdfunding. I also learned about Mortgage Investment Corporations. Would you recommend that as another form of alternative investment? The ROI can be huge�. Who is willing to spend countless hours trying to pick a few stocks.

The only problem is not everybody can get close to this numbers. But even far away from this numbers the better ROI comes making our products. I turn 51 the following month. I can leave it in the plan which will generate about 3.

It would be a 3 way partnership if I did that. Any thoughts or advice would be greatly appreciated. Not what I would call passive income, unless you enjoying washing dishes or working the line or busing tables.

I was not expecting that physical real estate would rank second to the lowest. In an emerging market like my place, property flipping is much more preferable than rentals due to its fast value appreciation. Hello from the UK! Fundrise and Wealthfront are only available to US residents it seems :. Any other readers from the UK here? How would this newcomer proceed? This is a site that I wish I found when I was a lot younger.

I have been fairly lucky and smart in that I have saved about what I should have saved by my age; using his chart on another page. What I find most interesting is the fact that I had never considered options like LendingTree or realityshares for other income sources. Investing in property has been too much of bad luck for people that I know personally, so I am interesting in getting involved in a situation where I would have to be dealing with maintenance issues or tenants.

Then again, I live in the NY area. Investing in the midwest would not be reasonably possible for me, directly, but reading about realityshares is something I am going to look into further. That might be a real possibility. Should I use additional net cash to pay down the mortgages, or put extra money into more after-tax investment vehicles.

Dave Ramsey says pay off the homes, but would like input from others. Anthony, nice setup! As a start, if you are paying more than the risk free rate Treasury bills which you probably are, then a true apples to apples comparison would be yes, pay off the mortgage. What is the implied rate of return on the equity you have invested in them?

Maybe you should use the money to buy more rentals instead, if purchase opportunities still exist in your town. I am 30 years old and am retired. Previously, I made a modest salary as an Army officer. The above net rental yields also factor in an excellent property management team who manages my properties while I pursue other investment opportunities. To date, I have never interacted with any of my tenants nor have I ever had to personally deal with any maintenance issues.

I know this is an old post but REITs have a good potential for returns. Are you still in any of them or have you moved all that into RealtyShares? Im not an accredited investor and I have just reached a nw of 1m.

Trying to find ways into real estate without having to deal with landlord type stuff. Love the blog and all the insights, have really helped my focus more over the past year Ive followed. Any suggestions for crowdfunded real estate besides Realty Trac?

They seem to have some high barriers to entry regarding income. Fundrise is my favorite for non-accredited investors. I think I read this post two or three times per month. I stumbled into your article just now through a Google search. I enjoyed the article and also found the comparative analysis to be enlightening. Very much thanks. While not feasible in most states, they can be great investments in a few states and the returns are more or less guaranteed by law.

How would you rank county tax liens? Therefore, who cares how long any ultimate passive wind farming lease is when you do not have to do anything except sign the lease and have a bank or credit union account for the wind farming cash flows? Who cares, especially when very conservatively, the ultimate passive income includes a six digit or more base lease, plus an estimated additional six digits or more for rate increases and another six digits for more for various smaller and one bigger technology increase at 25 years.

All four base, rate, smaller and mega technology increases combined, certainly could yield much more depending upon inflation, rate increases and technology increases?

The base lease could be compared to a temporary long term quasi common stock dividend? And the rate and technology increases could increase the above to a temporary long term quasi preferred stock? When you follow the absolutely essential vital empirical prima facie forensic evidence and related cold, hard facts to discern the truth for ourselves:. The long term 30 year lease with an additional 30 year lease may be too short for your lifetime, and certainly may be too short for your and future generations lifetimes!

It never occurred to the lawyers or other professionals that they should suggest or insist on any improvements in the systems that complete the plans. Many thanks Samurai, for inspiring so many of us on a daily basis. This is an amaaazing list! Where to start! There are means, under federal securities regulations and Blue Sky laws in each state, to sell interests to non-accredited investors � but usually those means are so heavily regulated and involve disclosures so similar to cumbersome registration requirements that it is not worth it for the seller to offer to non-accredited investors.

The risk of private equity is incredibly high and should be considerably riskier than bonds! You are providing a typically very large amount of capital to one business that you agree to have no control over, and the success or failure of that business over a locked, predefined term determines your return. You really need to be confident that you found the next Uber before you take this giant risk!

This means you rank riskier investments higher. Should you subtract the risk score? Or reverse the scale such that 1 is most risky and 10 is least risky? Thank you for the article.

I will tell you that RealtyShares requires you to be an accredited investor. I wanted to look at the properties and they require you to sign up before you can. So, I guess the feasibility on that needs to change to a 4. You can still click yes and look if you want. Passive income through real estate to me is 1 by far because that is what allowed me to achieve early FI.

And you can use leverage to great advantage. Have you tried creating a product or an online product yet though? I felt the same was as you for over 10 years until I started creating products and making online income for the past seven years.

I have not. While I am intrigued with the possibility of making online income, it seems to be less passive then how I want to spend my time. However, you have to keep pumping out content or your site would eventually go out of business. That sounds like more of a commitment then I would want.

Regarding your book sales, it is probably relatively passive now, but certainly was not when you were writing the book. Now if you love it, great. Just not for me. I prefer assets that make me a high return for the lowest amount of work possible semi-passive involvement.

And assets that pay me in several unique ways. Cash flow is only one way RE makes money for me. I also get principal reductions, appreciation, tax advantages depreciation , and I control the rental increases on a yearly basis. Plus a majority of the capital is provided by the secondary market on 30 year fixed low interest rate debt.

I manage my rentals so granted it is semi-passive. But a majority of days it is completely passive and typically the only thing I do is manage the process. In general, no maintenance work, etc. Business income can be great but it is typically not as semi-passive as I would like and there is a relatively high failure rate.

That is if you can monetize an ideal to begin with. Got it. A site with , organic pageviews a month will still generate a good income vs 1M. But you still have to nurture and feed the experience to remain relevant in search. I had created a website that taught people to maximize present value cashflow. Knowledge was my product.

The problem I encountered was that none of the companies would credit the cookies, they even argued with me about my own cookies. Finding the appropriate audience for fiscal prowess and discipline was my greatest obstacle.

I found your site through CNBC. There are so many ways to do real estate, yet most people only view it through 1 lens. Most people think you have to be a direct landlord to have a rental property, which keeps them away. I buy turnkey and use property managers, which makes it much more passive.

You like real estate for building wealth, yet it has the same score as P2P lending? I agree with your CD post about how far the rates have dropped and how it has completely changed. I will say brick and mortars are still lacking in any sort of positive interest rates but the increase in online only banks with CD rates has been positive. Yes, after mortgage payments, estimated maintenance, and property taxes.

I do add back the principal portion of the mortgage payment as that acts towards building my net worth. How were you able to find properties that generate 2k a month?? Would you like to chat personally for half hour? What are your thoughts on an Immediate Annuity as a passive income vehicle? I will pass on those. What happens if you die? Can you pass the annuity to someone else?

Once you die not if , then your principal is gone. There are certain variations that will allow you to get some of the principal back to pass on to your heirs, but then the interest rate is significantly lower. Another risk with annuities is inflation. My thoughts on this is that, the earnings of your investments is solely dependent on the market condition and geographic location, right? Because for example if you are in Asia, these earnings may not apply.

Another great post! Have you ever thought of lowering the cost of your ebook but upselling with a bigger product? I actually spent a year and a half working as an affiliate marketer mostly selling drumming related products � lessons, kits ect.

Great article, Sam! Would you recommend one max out their K before building passive income? Hi RW � I would definitely max out your k before trying to build passive income. For example, I got to max out my k for 13 years and get company matching and profit sharing. But then I decided I had enough in and left the finance industry. I live in the Greater Toronto Area in Canada. Imagine I have k to play with.

However, that k will get me a down payment on a property likely worth k. Any return on that investment is on k not on my original k. Although I dont have rental property, I see colleagues reaping huge benefits from taking those kids of risks years ago. In fact, some people are taking a loss on rental income, just to have a net gain when you factor in real estate appreciation. Hey Sam! Just read this article after clicking through from your email newsletter.

It only took you 10 hours to write this article and produce all of this data?! It would have taken me a lot longer than that! Affiliate marketing would be a big one � although the feasibility ranking would be pretty low.

Is there a reason for that? Do you not consider is passive because you are actively blogging all the time to create it?

Or do you just not want readers to know how much money you generate from blogging activities? Funny how we all take different lengths of time to do things and think how different times are considered long or not. I love it. But running FS is certainly not passive. When you talk about it, you make it sound like its mostly just about putting in the time and plugging away at it.

Problem is I can never seem to come up with any ideas for a site or product that seem remotely unique or compelling or that I have any special knowledge about. The stuff I do know about is pretty commodity type knowledge that can mostly be found on thousands of sites on the internet already. I mean, you have a pretty compelling and somewhat unique personal story of working on wall street and then walking away at a young age.

But, when was the last time you sat in silence for 10 minutes, meditating or brainstorming something? Give that a go! Everybody is unique and has something to offer. Really enjoyed this post and how you summarized all the passive income streams you know and their ranking.

I currently do not have a strategy for passive income, I am mostly focused on building wealth and primarily through stock index funds. I was tempted by P2P lending but it is not available in my state TX. Do you have an opinion as to when to focus on passive income and when to focus on building wealth? Good question. Why did P2P lending get a liquidity ranking of 6? It is quite possibly the most illiquid investment option you listed.

For a CD which you gave a score of 4, one just needs to pay a one time penalty to get ALL their money out. Btw, I love Lending Club , but only for retirement accounts. Perhaps my experience at Prosper is different from you. I have A and AA loans where I can sell them in the secondary market. Furthermore, I have multiple loans that are staggered much more than CDs.

I have a total of three CDs left. The CDs are for 7 years. That would be completely counterproductive. As a result, I feel very stuck with ever getting my CD money back if I wanted to. Have you ever had a long term duration CD? If so, how much did you invest in the CD vs your P2P account? People who happen to bought real estate in major metropolitan would have a natural positive association with real estate investment.

I only have 3 properties, and I get 1 phone call every 2 months about something not working. You just pass that onto the handy man or the plumber. No big deal. You make a good point about real estate capital appreciation depending on area. Hence, for non major city areas, then real estate is best purchased for income in mind.

Equities have done better than RE But, most people are leveraged to real estate, hence the bigger growth. Hi there. I am 43 years now and started way to late�.. Fortunately I have been good with money before also so my starting point has been good.

I actually just sold it as the ROI I think its the right word for it was coming down to nothing really. Ok it was payed down so the real numbers were higher, but that is incredibly low returns. It was located in Oslo the capital of Norway, so the price rise have been tremendous the late 18 years.

I am all for stocks now. The only reason this apartment was the right decision 18 years ago, was the big leverage and the tremendous price growth. It was right then, but it does not have to be right now to do the same. Even if you calculate in the cost of selling and buying including the spread of the product I am using the results are amazing.

I have run through all the data thoroughly since , and the result was that the index gave 44x the investment and the investment in the index gives 77x the investment in this timeframe.

The most important findings though is what it means to you when you start withdrawing principal, as you will not experience all the big dips and therefore do not destroy your principal withdrawing through those dips. I hav all the graphs and statistics for it and it really works. To give a little during good times costs so little in comparison to the return you get in the bad times. All is of course done from an account where you do not get taxed for selling and buying as long as you dont withdraw anything.

So as the net worth is rising, the yield on the total portfolio is going down. Current allocation:. Raising the rent is a logical conclusion to increase yields. It also takes a really long time to pay off and the tax bill is huge when you sell.. Creating a product really is the best way to go if you can do it. I will work on this when I have time�. Real estate for me feels too much like a job� which is fine if it is your idea of a hobby.

This way I can allocate more of my time to other pursuits. South of a mil, North of a half. Let me add that I think your blog is outstanding. Seems a little scary because if you ever screw it up they can charge you penalites all the way back to when it began.

I too am trying to build up my passive income streams but currently they just consist mostly of ETF dividends. Stock dividends and Real estate rents and underlying property value tend to. Not reallly sure how P2P lending ranks- though I suppose the timeframes are fairly short 1 year or less?

Now that I think about it, P2P lending probably deserves a lower score in the activity column than bonds too since you probably need to make new loans more often. Great site! I feel like most financial blogs are just regurgitating the same old stuff over and over but you are writing new and interesting stuff.

Also own two commercial rentals with great long term tenants. Seven figure investment portfolio holding only 4 cheap efts with good global diversification and total cost about 0.

Adding six figures of new cash per year and this portfolio is growing fast. My business is doing well and growing. Nice work on knocking off your mortgage so quickly. Keeps me inspired to keep on going on one of my rentals. Nice job Chris! Paying off a mortgage that fast is awesome, I am also curious as to your business or vertical :.

Thanks for writing this Mr. I love gleaning wisdom from older folks who have been there and done that. Mentors rock! I fell into it 20 years ago and found my niche at a young age.

Started my own business after a dozen years in. I saw that you had a link to one recently but cannot find it.

I think you said now you host your own server to keep up with traffic? After about three years, I moved on to a dedicated server, which you can also do with them. What about preferred stock for passive income? They are returning around 5. But what is the risk the principal will go down? I have a question about highly leveraged rental property. Probably Jon. But it all depends on how much rent you are taking in, your mortgage rate, and the I cost.

I paid a Pakistani to skeleton a medically oriented ebook. But, for some reason, I feel like this will be a winner. You might want to hire a copy editor at cents a word. Or get your loved ones to edit your writing for free. You should file your book with the Library of Congress too. I like that you included dividend investing. I wonder if this is an actual part of your portfolio individual stocks since you never write about it?

However, my X Factor is the online business, which is throwing out a lot of cash flow at the moment. Hence, my goal is to either plow some of those earnings back into the business, or reinvest the proceeds elsewhere. Being a regular reader and seeing your opinions of it, I expected it to be somewhere near the top. I doubt I could put it as well as you have, but I am curious what my own rankings would look like in a few years time.

Passive income is so powerful. It can be frustrating just starting out as building a significant amount of passive income is no easy feat! An example would be someone who owns a few fast food restaurant chains and just collects the profits.

Great question. If one has the capital Feasibility Score 2 , then the returns might be good Return Score 6. Like, what happened to Quiznos and Jamba Juice? Want to research that business and report back? It could take years before one would get a single store franchise. It is complete misconception or false imagination of many outsiders who think that it is easy to acquire most of the name brand franchises as long as they have the capitals.

Real Estate hands down. Even during the market down turn, the house was underwater, most people can make adjustment to have roommate live in the house to cut down mortgage. The return can be great. When you are younger, have less money, you want to leverage.

Real estate is great, but leverage works both ways. Things are all good now, but eventually things will turn. The good thing about real estate is that rents tend to stay stick e. Check out: Should I Buy Bonds? Congratulations- you are far ahead of us in terms of passive income, and at a younger age. You are just killing it! And then my search word rankings would probably slowly fade given frequency of posting new content is one of the search algo variables.

If you like your job Mike, all is good!

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