how to use $5000 to make passive income?
Wednesday, June 23rd, 2010 at
7:40 am
a business or investment, that can generate 200-500 dollars a month without me working over 5 hours a month on it?
any ideas?
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StephenDoughty8840 (25)
ray @ how to make... (1)
Real estate is the best passive investment one can make; if you do purchase a cash flow property, make sure you put the property in the hands of a property management firm.
Have you ever thought about investing in gold?
Sorry, no such investment or business exists.
You’re not likely to find any kind of legitimate investment that will net you 4 to 10 percent a *month* without you doing any work. You probably wouldn’t be able to make that much in a *year* without working at it. If anyone promises you that kind of a return, ignore them — they’re trying to scam you.
Suggest you do a little research and come up with a more realistic goal for your money.
Your expectation of that return is not realistic.
Yes, but there are certain risk involved.
200-500 a month = 2400 to 6000 a year
You are therefore looking at approx. 48% to 120% returns a year. To get this type of returns, you have to take alot alot of risk.
But most of it are illegal activities, e.g. loansharking your money. putting your money into illegal activities.
Now to work less that 5 hours a month, you need to outsource this activies, i.e get someone else to do it.
Which means you need to pay someone. Means even more risk to get even more return.
At this level of risk you will take will mean there is a very high chace you will lose all your money or make alot.
Suggest you go to a casino and just place a couple of bets and pray you win everytime..