Sup /biz. I'm a 25 year old guy who is currently working and going to school at the same time. I'm saving up to start my own ATM business and figure it will cost me about 4,000 dollars (liberal estimate) so I'd like to have about 8 grand stashed away b

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Anonymous 01/26/16 (Tue) 05:05:56 c08814 No.963

Sup /biz. I'm a 25 year old guy who is currently working and going to school at the same time.

I'm saving up to start my own ATM business and figure it will cost me about 4,000 dollars (liberal estimate) so I'd like to have about 8 grand stashed away before I decide to get started.

Problem is I can only work 3 days a week because the other 4 I am at school all day. Some days my shift is only 3 hours long and I am not satisfied with the amount of money I am making. I have about 1500 in my bank account currently and I still have another full year of school left. I really don't want to wait another year or potentially more to reach my goal and start my business, nor do I want to ask for money from other people.

I guess my question is what is a good way to make some passive income? I've been thinking of starting a blog but any money I would make through Google would be peanuts and almost defeat the purpose.

Anonymous 01/26/16 (Tue) 14:05:17 4e3d0b No.964

ATM business isn't that bad I hear, this isn't so much a recommendation but check out if there's any demand for Bitcoin ATM's in your area, they may catch on. Knew a guy over IRC who started building a monopoly on them in his area, seemed to be working okay but I'd be concerned about keeping it secure, you don't have the benefit of Visa/Mastercard conglomerates allowing chargebacks if someone used a stolen card to cash out your ATM.

Honestly though the only guaranteed way to earn money is be employed, if you're only getting 3 hours ask your boss for more hours. Or see if you can reduce your class-hours next semester.

Pawning stuff on ebay always works great for passive income, especially if you can find some niche, rarer products. Remember to retain records so you can file taxes!

I'm also interested in what degree you're going for.. hope you didn't take any loans, college is wayyyy overpriced. Sucks to be American.

If you wanna go all-out learn to trade, it'd make trying to do any startup business a moot point if you have a powerful enough lust for money to do it right.

In any case, good luck.

Anonymous 01/26/16 (Tue) 17:41:15 c08814 No.967

>>964

You mean trading stocks? I've definitely thought of that but it's pretty risky isn't it?

Anonymous 01/26/16 (Tue) 18:43:00 4e3d0b No.968

>>967

Absolutely, risk = reward, so long as you're smart and calculated about what risks you're taking. Huge difference between being risky and being foolhardy.

It's a good skill to know though, at the very least to be able to read the pulse of the markets and where they're going. Open a paper trading account and give it a whirl, TD Ameritrade offers one when you sign up. It can be a fun hobby, don't jump in expecting you'll make millions because then you'll probably lose everything. Just try out paper trading and see if it's something you can swing.

FXCM.com also offers practice accounts for trading forex, if you want to get used to leverage. Simpler market to play with than stocks.

Other than that, get more hours at your job and sell stuff on ebay, if you have any skills in demand whore yourself out on craigslist. It's not easy to make great amounts of passive income.

Anonymous 01/26/16 (Tue) 22:07:51 c08814 No.969

>>968

I'll give that a try, sounds interesting. I definitely don't expect to make millions, all I want to do is bolster my income to reach my goal.

My goal for the very distant future is to start my own conglomerate/holding company.

Anonymous 01/26/16 (Tue) 23:01:43 4e3d0b No.970

>>969

yeah by all means, there is no harm or risk whatsoever in paper trading, and they let you use the exact same platform as you would with 'real' money (ahah) but yeah, i think everyone should try trading, it's a great introduction to how global markets really function. if you get crushed, that means you learned what you didn't already know. practice makes perfect.

i'm on the same level as you, just managing my money in ways that i can be assured it will be there for me in the long run. financial management is a necessity of life, the fact they don't teach it in schools says a lot about the system we're raised in.

honestly at this current moment in time, you'd do well to buy physical assets. i'm a fan of silver and some cryptocurrencies. read through my other thread if you want to learn from me/my mistakes.

take care of yourself.

Anonymous 01/26/16 (Tue) 23:19:10 4e3d0b No.971

File: 1453850351277.gif (9.8 KB, 171x177, 57:59, warcraftorcwork.gif)

>>969

lol and my narcissism will probably never be quelled; i've discovered having a rambunctious personality helps in businesses. it's all about a good time, right?

To address your original goal, while I don't have direct experience in incorporating myself/my business I do know it's a very viable thing. Cash flow is the bloodstream of our centralized economy; so long as you can operate a business with *any* kind of profit margin, you are needed.

Heh, you should find a store where you'd want an ATM machine, call the number on the side, and see if you can get hired there. Much easier to join a group already doing something, than to compete yourself, you need a serious edge in order to compete.

The most traditional way of having your own business is being a landlord. Plenty of REITs (Real Estate Investment Trusts) do what you seem to be reaching for.

Pretty much every obvious entrepreneurial endeavor has been capitalized on, get over yourself and join the club already.