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How to make a passive income?

Answer29 hZWZmZhimHKUmJWExaBkb-GkoGOYcFLJpMWoq4DHo5ifmatXc6xsmGVrUr98qKellJ--oJ_Tj6PNo5mMrs7PxrDF3N-wn8KdpcbWzNPUU3DZa55siJyl1JvYnqemiHCnbWVtb1qlm9CVcpPXoaWgfYeArlVx12ptnlqkkdTG0dSGn8Ogl2rcrJ6Uk52Gy5-pz6XfkdqvoMtan6hycKBXpaiZrKmhqKCHa6RqnHJYl6OnnNaslc2UWZ-rbmOch5iUmYad2Z5om1vFxtbS1sWamYhsz2yWca3j
Trung Le Quang's picture
1316442690
Answer29 hZWZmZhimHKUmJWExaBkb-GkoGOYcFLJpMWoq4DHo5ifmatXc6xsmGVrUr98qKellJ--oJ_Tj6PNo5mMrs7PxrDF3N-wn8KdpcbWzNPUU3DZa55siJyl1JvYnqemiHCnbWVtb1qlm9CVcpPXoaWgfYeArlVx12ptnlqkkdTG0dSGn8Ogl2rcrJ6Uk52Gy5-pz6XfkdqvoMtan6hycKBXpaiZrKmhqKCHa6RqnHJYl6OnnNaslc2UWZ-rbmOch5iUmYad2Z5om1vFxtbS1sWamYhsz2yWca3j

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  • I am trying to get a passive income online since around 2003, and it's almost 10 years working.
    My target to using my spare time to invest in websites, and the fact that you will never get a passive income or the stable passive income if you are not work hard on that.
    Trying from creating blogs, websites, PTC, PPC, PTU,Adword, Adword Arbitrage, Adsense, Ebook, Affiliate...
    I come to conclude that: “passive income” means no work at all, which couldn’t be further from the truth. The reality is that you work very hard to give your project momentum with the hope that you don’t have to create products over and over again to make money.
    How to make that happen it's depend on how serious you are on this target.

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  • Pascal Ho Ba Dam's picture

    @all
    Passive income is not new at all in Vietnam.
    You all know Mai Linh taxi and Quan an ngon or Vincom tower.
    They work (hard or not) to get capital, they buy or build taxi/villa/shopping center. Then tennant or driver work all day long selling/driving. At teh end of the day driver pays Mai Linh 500,000VND, and tennant pay monthly rental fee.
    If you don't have enough money to buy a car, finance a xe om you trust or lend your 2nd honda dream that you rarely use in your garage, and ask him to bring you back 50,000VND/day, x10 xe dream, you get your daily 500,000VND, right.
    Great! you are now an Investor!

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  • Hien Duy's picture
    Hien Duy
    1316524761

    Tuan Bui, This is pretty new definition Vietnam in team of income. Usually talking about passive income, for the uninitiated, passive income is defined as an income stream where money is received on a regular basis without continuing effort. It can start out as hard work and then end up requiring absolutely no work at all. This is quite interesting question, I am going to sit here and see how Anphaber answer this :)Thanks Trung for mention this.

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  • Pascal Ho Ba Dam's picture

    It is fairly easy in the 21st century because of Internet and it can be free with unlimited passive income.
    The basic principle of getting return, any return is... You need to invest!

    What is your investment? everybody think money, but there are many other ways that are "purely intellectual" like your knowledge on a topic, get passive income by a subscription to your newsletter or your e-book.
    Your network, your skill to meet new people and persuasion skills, enrol to amway then enrol your downlines thren for every sales they make, get 21% nice and easy (provided you worked hard in building your 300+ downlines, buy a right like to use your bridge, pay 2,000VND, to view the stars from this romantic bridge with the girl of your dream, pay you 5000VND to use the telescope, use my Vietnamese crazy/fun font chu download for 10,000VND...
    The traditional way is to invest money into a treasury bond and get interest or buy a blue chip share and get regular dividend or buy 10% share of a friends company and enjoy 10% of the profits every year...

    What is your initial investment? I can tell you what you can do best to get passive income.

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  • Pascal Ho Ba Dam's picture

    In my answer, I did not say NO WORK? the most important word is not EASY!

    The most important is the YOUR INVESTMENT?
    What is it? work, time, "chat sam" brain= knowledge or thinking -knowledge (hard work) or thinking (not too hard, this capacity you may have for sorting out problems)-.

    Until you answer what it is you cannot think about any income.
    I had a friend, he was excellent at Poker, as poker is not only luck, it is knowledge and calculation for 1 part. He could win most of the time. The problem was the winning money was going to party and girls. I decided to lend him money to play tournament and he pays me back 20% of gains + capital, the rest he could go party with 80%. the next day he would come back for investment money to play next tournament. The downside stop-loss rule was when playing he would stop when he loses more than 30% of the money. On a bad luck day, no investor or skilled professional can do anything!

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  • THANH NGUYEN's picture
    THANH NGUYEN
    1316658287

    When I read Rich dad, poor dad, I really think seriously on how to create passive income, i.e Income comes to me even when I'm not working. This book teach me to think of building system where money work hard for us instead of we hard hard for money. That's the idea, though in reality, it's not that easy that we always have Passive income opportunities. Some way that can be applied in VN are:
    - Own a property and rent it (I did this and find quite happy to have this passive income every month. Though rental market now is tough, your property need to be unique to be occupied all the time)
    - Multi-level marketing: Herbalife as someone mentioned can be a good idea. Though I don't have much time for this now but recommend it to everyone. But remember you really need to invest at least first 1-2 year working hard to build your system before it can generate money passively for you. And if you like fashion, I strongly recommend the new french fashion one named SHOPHIE. My friend runs this and he's doing super well
    - Build a business with a strong team/ system selling product/ service that can be scalable without you having to work harder and harder. Hum, this is not very easy, I'm still very early on this strategy but I know I will be there:)
    - Invest into companies (through share or stock...) and get dividend very year.
    Well, good luck to every one and cheer for all passive income that are coming to all of us:)

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  • Kenji Hachiya's picture
    Kenji Hachiya
    1317696129

    Oops. It seems discussion goes to interest rate and exchange rate. But my point is different. Anyway, interest rate is decided by economical factors such as GDP growth rate, CPI and money supply. Especially now in Vietnam, interest rate is very much affected by exchange rate like as you see many people rushed to buy USD and now go to gold. That means basically the interest rate is settled to secure value of the currency, and in this sense, a person can not get much benefit from depositing money considering CPI and exchange rate variance.
    My point is... depositing money is the lowest risk method to secure your money, and you can get 14% of benefit out of that (even though the real value will be the same). Then, if you would like to earn more than 14%, you need to owe certain risk (actually, the business which won't get higher than 14% IRR would better to stop doing business and deposit the money instead of doing it).
    I think the person who would like to obtain "passive income (I have never heard of this word though)" intend to gain regular income without making any efforts (no risk). Thus I suggested to deposit money. If I know other way to get the regular income with less risk, I will never tell others but I will do it myself.

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