Right now, nothing. But my wife and I are looking to purchase a house. Yes, right now. At the top of the market. Why? So we can rent it out about 2 years from now. You see, renting is cheaper than...
Right now, nothing.
But my wife and I are looking to purchase a house. Yes, right now. At the top of the market.
Why? So we can rent it out about 2 years from now.
You see, renting is cheaper than buying right now where I live. That doesn't happen very often.
That means that, after the housing market starts to decline (which I believe is just now starting), rents will increase significantly- especially in areas like San Diego, where a large Navy presence effectively creates a rent floor via BAH and other military benefits.
The combination of a severe lack of housing being built, a huge Navy buildup (up to 30,000+ more people coming to San Diego in the next couple of years) without the federal funds for on-base housing (meaning that they MUST live off base), the proliferation of white hipsters artificially raising prices on their own right due to "culture" and overhyping this city, and the fact that people will likely start losing their houses because the bubble will pop (although not as many as in 2008) means that rents in San Diego are going to fucking skyrocket about 2 years from now.
San Diego very well could become one of the most expensive cities in the United States to rent in due to this unique combination. So eventhough rent right now is not high enough to cover the mortgage, I believe that it absolutely will- and more- 2 years from now.
So soon, maybe, hopefully, I will have a decent amount of passive income. Or the whole thing might come crashing down and I'll be stuck with a severely overpriced house that I don't like. Who knows... that's the risk you've gotta take these days to make a living.
I want to start putting together a stock footage portfolio. Stock photography is very oversaturated at this point, but stock video isn't quite as bad. Video sells for much more and seems like a...
I want to start putting together a stock footage portfolio. Stock photography is very oversaturated at this point, but stock video isn't quite as bad. Video sells for much more and seems like a reasonable enough way to make some extra on the side. My equipment isn't anything special though, and most of my stuff is handheld and probably wouldn't sell well. But I have a nice little gimbal (stabilization rig) on backorder that I'm eagerly anticipating that will make a big difference in shot quality, and I have access to some fairly niche content that I'm hoping will sell. In the meantime, there are a bunch of legal issues to familiarize myself with regarding copyright and property. And there is the hard pill to swallow that I don't get a say in deciding what the material is used for. If someone decides that they want to use my face in an ad for dick pills, there's no way of me knowing or doing anything about it. Or even better (/s), an ad in a political campaign that goes against everything I believe. I think that would annoy me even if it wasn't my face, just my footage. So it's tempting but I have my reservations to sort out.
Hey that's not a bad idea! Might be difficult to get a competitive exposure level (audience-wise), but the act itself would probably go a long way toward negating any bad feelings about it.
Hey that's not a bad idea! Might be difficult to get a competitive exposure level (audience-wise), but the act itself would probably go a long way toward negating any bad feelings about it.
I've explored passive income quite a bit and have found that so far none of it is really "passive" except maybe investing in mutual funds :) The best I've found that are "mostly" passive is ad...
I've explored passive income quite a bit and have found that so far none of it is really "passive" except maybe investing in mutual funds :) The best I've found that are "mostly" passive is ad revenue from websites - but event that'll die off without the occasional bit of TLC. Note I've only read about that...
What I actually have done is to start a LLC that provides online training to a specific industry group for continuing education. It's been fun and profitable if I value my time very low. I'm hoping this year will be more lucrative and am spending time on marketing now. If it's not then I'll drop it and focus my time on actual hobbies. Even if I don't continue, I really enjoyed doing it just because I created a whole website, went through state regulators to get approved, etc. I've grown a lot and learned a lot doing it. But it's hardly "passive" :-p
Since the start of the year, I've been running a small (2 GPUs) mining rig. It was a fun experiment, but at this point I think the plan is to sell the cards and keep the crypto. New, more powerful...
Since the start of the year, I've been running a small (2 GPUs) mining rig. It was a fun experiment, but at this point I think the plan is to sell the cards and keep the crypto. New, more powerful cards are coming, which will both increase difficulty for mining and make the cards I have worth less.
Many coins like Bitcoin that are based on SHA-256 are only profitable if you have ASICs rather than regular GPUs (unless you aren't paying for electricity). Are you mining ETH or other Ethash coins?
Many coins like Bitcoin that are based on SHA-256 are only profitable if you have ASICs rather than regular GPUs (unless you aren't paying for electricity). Are you mining ETH or other Ethash coins?
I have been mining ETH, though I also don't pay for electricity as a student. Though I have been good to these cards, they each report ~90 watts in software because they are undervolted as low as...
I have been mining ETH, though I also don't pay for electricity as a student. Though I have been good to these cards, they each report ~90 watts in software because they are undervolted as low as they can go.
Right now, nothing.
But my wife and I are looking to purchase a house. Yes, right now. At the top of the market.
Why? So we can rent it out about 2 years from now.
You see, renting is cheaper than buying right now where I live. That doesn't happen very often.
That means that, after the housing market starts to decline (which I believe is just now starting), rents will increase significantly- especially in areas like San Diego, where a large Navy presence effectively creates a rent floor via BAH and other military benefits.
The combination of a severe lack of housing being built, a huge Navy buildup (up to 30,000+ more people coming to San Diego in the next couple of years) without the federal funds for on-base housing (meaning that they MUST live off base), the proliferation of white hipsters artificially raising prices on their own right due to "culture" and overhyping this city, and the fact that people will likely start losing their houses because the bubble will pop (although not as many as in 2008) means that rents in San Diego are going to fucking skyrocket about 2 years from now.
San Diego very well could become one of the most expensive cities in the United States to rent in due to this unique combination. So eventhough rent right now is not high enough to cover the mortgage, I believe that it absolutely will- and more- 2 years from now.
So soon, maybe, hopefully, I will have a decent amount of passive income. Or the whole thing might come crashing down and I'll be stuck with a severely overpriced house that I don't like. Who knows... that's the risk you've gotta take these days to make a living.
I want to start putting together a stock footage portfolio. Stock photography is very oversaturated at this point, but stock video isn't quite as bad. Video sells for much more and seems like a reasonable enough way to make some extra on the side. My equipment isn't anything special though, and most of my stuff is handheld and probably wouldn't sell well. But I have a nice little gimbal (stabilization rig) on backorder that I'm eagerly anticipating that will make a big difference in shot quality, and I have access to some fairly niche content that I'm hoping will sell. In the meantime, there are a bunch of legal issues to familiarize myself with regarding copyright and property. And there is the hard pill to swallow that I don't get a say in deciding what the material is used for. If someone decides that they want to use my face in an ad for dick pills, there's no way of me knowing or doing anything about it. Or even better (/s), an ad in a political campaign that goes against everything I believe. I think that would annoy me even if it wasn't my face, just my footage. So it's tempting but I have my reservations to sort out.
What prevents you from making a satirical counter ad?
Hey that's not a bad idea! Might be difficult to get a competitive exposure level (audience-wise), but the act itself would probably go a long way toward negating any bad feelings about it.
I've explored passive income quite a bit and have found that so far none of it is really "passive" except maybe investing in mutual funds :) The best I've found that are "mostly" passive is ad revenue from websites - but event that'll die off without the occasional bit of TLC. Note I've only read about that...
What I actually have done is to start a LLC that provides online training to a specific industry group for continuing education. It's been fun and profitable if I value my time very low. I'm hoping this year will be more lucrative and am spending time on marketing now. If it's not then I'll drop it and focus my time on actual hobbies. Even if I don't continue, I really enjoyed doing it just because I created a whole website, went through state regulators to get approved, etc. I've grown a lot and learned a lot doing it. But it's hardly "passive" :-p
Since the start of the year, I've been running a small (2 GPUs) mining rig. It was a fun experiment, but at this point I think the plan is to sell the cards and keep the crypto. New, more powerful cards are coming, which will both increase difficulty for mining and make the cards I have worth less.
Many coins like Bitcoin that are based on SHA-256 are only profitable if you have ASICs rather than regular GPUs (unless you aren't paying for electricity). Are you mining ETH or other Ethash coins?
I have been mining ETH, though I also don't pay for electricity as a student. Though I have been good to these cards, they each report ~90 watts in software because they are undervolted as low as they can go.