HackingFinance: Difference between revisions
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==Active Income== | ==Active Income (Selling your labor)== | ||
* Corporate full-time employment (aka wage labor - W2) | * Corporate full-time employment (aka wage labor - W2) | ||
* Contract work (1099) | * Contract work (1099) | ||
==Passive Income (Requires initial labor)== | |||
* Creating software that sells (Flippa.com) | |||
* Mobile apps (sold via AppStore or Google Play) | |||
* | * Creating screencasts? | ||
* | * Patents/inventions, then licensing. | ||
* | * Recruiting referrals. | ||
* Renting an extra room out on AirBnB | |||
==Tax== | ==Tax== | ||
| Line 15: | Line 17: | ||
==Reduced cost of living== | ==Reduced cost of living== | ||
Thrift stores | Thrift stores | ||
Eating company food at work. | |||
===Rent=== | ===Rent=== | ||
Roommate | Roommate | ||
Commercial space, business-expensed for tax, to reduce personal cost of rent. | |||
Latest revision as of 21:36, 25 February 2014
Active Income (Selling your labor)[edit | edit source]
- Corporate full-time employment (aka wage labor - W2)
- Contract work (1099)
Passive Income (Requires initial labor)[edit | edit source]
- Creating software that sells (Flippa.com)
- Mobile apps (sold via AppStore or Google Play)
- Creating screencasts?
- Patents/inventions, then licensing.
- Recruiting referrals.
- Renting an extra room out on AirBnB
Tax[edit | edit source]
Get incorporated. Tax Ninja.
Reduced cost of living[edit | edit source]
Thrift stores
Eating company food at work.
Rent[edit | edit source]
Roommate
Commercial space, business-expensed for tax, to reduce personal cost of rent.