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Same to you, I'm a developer, I wonder what other people do to make the passive income e.g., write the blog, selling something on the internet... But I really want to use my coding skills to do that, I'm happy to coding and I don't want to change my job just to make the passive income.
What do you think?
I see. Stock or saving accounts is not enough to generate monthly income, it's likely a long-term value investment. Anyway, thank for your answer 👌.
I used to run a few mobile apps (serving with ads), the revenue is not so much, just around 200-300$/month but it's kind of a good passive income (because I lived in Vietnam at that time, the living cost there is so cheap, 500$ would be good for a family of 3 in one month).
Now moved to the US and stopped running the apps, the only thing I do out of office hours now is blogging and crypto trading, neither of them gained me any money :sobbing:
It was the iOS version of Google Keep (they didn’t have iOS version at that time). And when Google released their own iOS app, somebody reported my app, lol. It was taken down and for some reason, I gave up.
Passive income still needs we spend time on that, even working hard on that. The difference is if I stop working on it, for example, a month, I still have the income. But if I stop a full-time job I have no income immediately.
Thanks for this content! Here is a blog relative to this topic herpassiveprofitz.com/category/pas...
A developer can earn passive income through blogging by creating valuable content related to your niche. Since you are a developer then it is easier for you to write about tips and guides about coding, etc. Consistency, quality, and engagement are key to building a successful blog that generates passive income.
My blog (herpassiveprofitz.com/blogging-as-...) can be a guide for you to your blogging journey so please check it out.
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Neither maintaining a blog nor selling things online are passive.
The only kinds of passive income I can think of are things like stock portfolios or savings accounts, where you pay someone else to do the work of generating income. I can't afford to dabble in the stock market, and savings don't usually have good interest rates, so I don't have a good answer for you.