HackingFinance: Difference between revisions
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==Passive Income (Requires initial labor)== | ==Passive Income (Requires initial labor)== | ||
* Creating software that sells. | * Creating software that sells (Flippa.com) | ||
* Mobile apps (sold via AppStore or Google Play) | * Mobile apps (sold via AppStore or Google Play) | ||
* Creating screencasts? | * Creating screencasts? | ||
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.