I’ll admit it. I’m lazy and I don’t like working. When asked my dream job, it would be doing 2 chicks at the same time for a living. Sorry Mr. Hedge Fund PM, it’s not working for your sour ass.
I’ve been kicking ideas around for automated income. I now bring these ideas to the infallible oracle of AF for criticism.
Franchising - There are a number of businesses where one can open up a franchise. I’ve been looking at this avenue. Assuming the business is well branded, it would not be all that difficult to find a location and place the establishment there. The hiccup I’m seeing is many franchises want active owners, not passive investors. Anyone know of a franchise co that allows a passive investor to simply hire out the help while reaping the rewards?
Vending Machines - Much like franchising, there are vending routes you can buy into which gives you exclusive rights to a specific region. This would be a stable income type of plan, but the involvement would be low. What type of yield can one earn in vending?
Laundromat/Storage Units/etc. I’ve been real tempted to buy property since the values have decreased as they have. On this property, I can place a laundromat, storage units, etc. Low involvement overall by management. This is a double whammy. I’d get the current income from the business activities, but I’d also get the gain in property appreciation.
I’ll be the first to also admit that I’m no Buffett, Soros, or Obama. These are simple ideas that even a dumb guy like me can do. And if they work, one can always sell out all together.
Please critique, criticize, hate, spew racism (Frank), etc.