develpreneur podcast
Posted on Passive Income Approaches

Producing One-Time Content For Passive Income

We have looked at regular content like blogs and podcasts for passive income.  However, there are better options for passive income that are one-time content products.  These include things like books, instructional videos, white papers, and more.  These products are excellent options since they provide recurring revenue from a single push to create it. One-Time Content Takes On Going Effort One-time is a description for the creation of the content alone.  It is not a way to describe the effort required to keep that income rolling in.  The good news is that the work to keep things going is often small and can provide a sizable return on a few hours of work.  The content itself is key to how... Read more

develpreneur podcast
Posted on Passive Income Approaches

Side Hustle To Passive Income

A side hustle is an excellent way to improve your income.  However, that word “hustle” implies that it is anything but passive.  While that may be the case when you start, there is a path to passive income from many side hustle jobs.  You need to take advantage of automation and outsourcing. The Manual Side Hustle We almost always start with a manual side hustle.  That is the nature of such a venture.  We want to generate revenue quickly and are happy to trade sweat for dollars.  Thus, we jump in and spend little time planning our approach.  This phase is all about the hustle and quick victories.  In fact, we typically start with precisely the opposite mindset from a... Read more

avoid design mistakes
Posted on Become a Better Developer

Patterns within Anti-Patterns – Avoid Design Mistakes

The recent podcast season on anti-patterns turned out to be very informative.  We saw some patterns emerge as each anti-pattern was reviewed and the core issues highlighted.  Each of these can help us avoid design mistakes that lead to an anti-pattern.  That led to this presentation on patterns within anti-patterns.  There are a few over-arching themes to anti-patterns that can point us to being better in every facet of development. No Surprises The three main areas that can push us into an anti-pattern are common sense issues.  For example, we look at problems around communication.  While that may not seem a way to avoid design mistakes, it sure can hinder the proper implementation.  We can see that even the best... Read more

develpreneur podcast
Posted on Passive Income Approaches

Micro investing in Real Estate

Real estate is an area where many investors make their money.  However, in the past, it has required a sizable investment to get started.  That is no longer the case.  We now have sites that we can visit that help us use the concept of crowdsourcing to buy into a piece of a real estate transaction.  Now that we can start small, it makes sense to look at this as a way to save, invest, and earn a passive income from those savings. Traditional Real Estate Investments There are a few ways to make money from real estate.  We can buy, hold, and then sell at a higher price as the holding becomes more valuable.  On the other hand, we... Read more

develpreneur podcast
Posted on Passive Income Approaches

Micro Venture Capital Investing for Passive Income

As forms of passive income from investing go, the idea of micro venture capital investments is the best fit.  These options can lose all of your funding.  However, they can also lead to huge earnings.  Think about owning a small piece of Amazon, Google, or Facebook when they started out.  Those are outliers, of course, but the success they had will probably occur again. Micro Venture Capital – Invest in The Ideas of Others There are numerous similarities in venture capital investing and purchasing stock.  In general, both of these are ways to own a piece of a company.  The difference is that VC investing is often a larger portion of ownership.  However, the micro venture capital approach is ownership... Read more

develpreneur podcast
Posted on Passive Income Approaches

Microloans and Passive Income

Anyone that has ever been in debt has seen how lenders can make money.  However, we often see the level of entry for a lender is far beyond our means.  Never fear, microloans are here.  This investment instrument allows us to step into the loan side of the equation with less than a hundred dollars. Fundamentals of Microloans This form of saving/investing involves contributing your funds to a pool of other investors.  The funds are then used to provide short-term loans.  Your money offers you a percentage of the overall loan and thus, a cut of the profits as well.  Your money is going to be tied up in the loan until it is paid off. Therefore, this is not... Read more