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How in Hell's name can I make a Passive Income?

Ask questions and get advice, or share advice. Disclaimer: Any advice you take here is at your own risk. We are not liable for any consequences you might incur from following someone's advice here.
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Postby Cornfed » Thu May 29, 2014 9:14 pm

hammanta wrote:Something that hasn't really been touched on that much is working for an overseas American Company or International NGO. Though difficult and not instant for those without degrees and significant experience but still possible. The U.S offers opportunities with the Embassies, NGOs like World Bank and U.N., or non-profits like World Vision, WWF, as well as international corporations like IBM and Apple.

Getting such jobs would be just like getting other whorporate jobs. If people were in a position to do this the issue would likely never arise. Also, most Western NGOs are the scum of the Earth spreading the cancer of political correctness to other societies.
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Postby hammanta » Fri May 30, 2014 1:27 pm

Cornfed wrote:
hammanta wrote:Something that hasn't really been touched on that much is working for an overseas American Company or International NGO. Though difficult and not instant for those without degrees and significant experience but still possible. The U.S offers opportunities with the Embassies, NGOs like World Bank and U.N., or non-profits like World Vision, WWF, as well as international corporations like IBM and Apple.

Getting such jobs would be just like getting other whorporate jobs. If people were in a position to do this the issue would likely never arise. Also, most Western NGOs are the scum of the Earth spreading the cancer of political correctness to other societies.


Though I agree to an extent about NGOs, its still a career. Regardless of your personal views of NGOs or non-profits, opportunities still are available for those that don't share your beliefs. Also if your purpose is world travel and making a good income, it shouldn't matter the inner politics. You won't change the world anyway, just do your best to keep your job.

Like I said my advice was not for those with life experience 30+ but for those teens and early 20 somethings that are looking for possible ways of living and working overseas and can start young.
Example
18-22: College
22-26: Work and save big
26-30: Grad School + volunteer/intern

There are ways to pay for college and not get killed with student loans (grants, scholarships, assistantships) or volunteer through peace corps or Americorps (what I do) and they provide you with a decent education bonus each year and other perks. If you want it you can get it. Of course this isn't clear cut, nothing is, but still a solid path. Its better than spending years on this forum trying to figure out ways of making passive income that will barely get you out of poverty.
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Postby newlifeinphilippines » Fri May 30, 2014 2:13 pm

I make over 10,000 a month online and work for myself nor do i ship anything but i work everyday to keep up on it to keepmy earnings high, in fact i estimate i may be making 11K a month over the next 6 months if everyhting is right but my income is very risky and not mainstream. so im saving most despite traveling but im considering about giving up phil altogether or scaling back how often i go becaause depsite being lonely and bored in america i can save more living at home and i may need this money someday if it dries up.
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Postby hammanta » Fri May 30, 2014 3:20 pm

newlifeinphilippines wrote:I make over 10,000 a month online and work for myself nor do i ship anything but i work everyday to keep up on it to keepmy earnings high, in fact i estimate i may be making 11K a month over the next 6 months if everyhting is right but my income is very risky and not mainstream. so im saving most despite traveling but im considering about giving up phil altogether or scaling back how often i go becaause depsite being lonely and bored in america i can save more living at home and i may need this money someday if it dries up.


What is your business? I'm not an online marketing or business type of guy. I like more structure but I am curious as to what you do and your credentials.
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Postby newlifeinphilippines » Fri May 30, 2014 4:24 pm

hammanta wrote:
newlifeinphilippines wrote:I make over 10,000 a month online and work for myself nor do i ship anything but i work everyday to keep up on it to keepmy earnings high, in fact i estimate i may be making 11K a month over the next 6 months if everyhting is right but my income is very risky and not mainstream. so im saving most despite traveling but im considering about giving up phil altogether or scaling back how often i go becaause depsite being lonely and bored in america i can save more living at home and i may need this money someday if it dries up.


What is your business? I'm not an online marketing or business type of guy. I like more structure but I am curious as to what you do and your credentials.


im vague cause its legally questionable and very risky and it has low competition. In general making money online passively like i do is very hard and i didn't have much success after google changed its algorithm in 2011 using my old techniques. Now its not an easy science. even if you knew what i did very few could make this kind of money cause i been making money online for years and only recently learned how to utilize this nniche to this level by following one guy who i noticed was using some techniqe. in few years i could ddrop to nothing if certain things happen so im trying to captilize it while i have the opportunity so even while im in phil im working everyday not getting overly confident. I have no work experience or skills in the real world so i have to bust my ass while the money is good.
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Postby rudder » Sat May 31, 2014 6:55 pm

hammanta wrote:Something that hasn't really been touched on that much is working for an overseas American Company or International NGO. Though difficult and not instant for those without degrees and significant experience but still possible. The U.S offers opportunities with the Embassies, NGOs like World Bank and U.N., or non-profits like World Vision, WWF, as well as international corporations like IBM and Apple. If you are a younger guy with a degree like myself why not grind it out for a few years at an average but relevant job and a part time gig. Making 35k a year you could easily save 10-15k a year and a part time job saving 3-6k a year. In 4-6 years time you could save 40-80k. Take that income go to grad school and/or travel to the country of your choice and volunteer or intern with a company of your choosing. Make connections and gain experience. By the time you are 30 or early 30's you could be living overseas with a nice steady income and good benefits. By the time you are late 40's or 50's you could probably retire with a nice pension.

ADB starts junior analysts (32 and below) out at 70K USD a year living in Manila with housing assistance, 2 free plane tickets home a year, good pension and health care, and a few other great benefits. Of course your resume needs to stand out but its not impossible with hard work and dedication and there are other companies doing this to. I've heard of companies like IMB sending employees over to Manila for stints of 6months to even years and putting them up in apartment complexes and nice hotels like The Pennisula and Shangri La.

Of course it takes education, hard work, and maybe a little bit of luck but definitely possible. Probably a little easier and more secure than gambling with the real estate market. At least you will have an education and work experience to fall back on if it doesn't go that well. I know several people who have done similar things. For those older this might not help but for younger guys in teens to mid 20's its definitely possible.


Yep, I'm in my mid-twenties and just started an internship with a branch of the government in one South American nation researching and experimenting with new crop species. I'm somewhat of a specialist, and have some relevant work experience, yet I don't even have a relevant Bachelors degree in the field, just a relevant Associates degree. According to my supervisor this could definitely turn into a decent, paid, research assistant position by the end of the year. All that for just making a few contacts and following up with them at an opportune moment.

There is one thing to be said about working abroad if your first language is English. My coworkers see me as a valuable asset, because most scientific articles are published in English, and thus I am able to help translate and interpret information. That's why they are eager to have me as an intern as opposed to a more "qualified" local. Just try to find some backwater, off-the-beaten path place where hardly anyone bothers to learn English, and position yourself as a specialist in whatever field you have some experience.

After having picked up my first month's measly paycheck from the English language institute, that is exactly what I intend to do. As long as you are fluent in the local language, I think there's a decent shot at finding something other than teaching English.

I like Hammanta's suggestion for working for NGOs as well. The economy of the future is just going to be governments and rich people giving handouts to projects that they deem proactive and practical.
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