"Vending is NOT fully passive income. I'd call it semi-passive, like 70% passive. Social media makes it look like you fill machines once a month and money rains in."
Short-term rentals offer a variety of options beyond traditional home rentals. Platforms like Swimply allow individuals to rent out pools, while Neighbor and Spacer enable the monetization of unused parking spots.
The fund has about $5.8 billion in assets under management. It has an expense ratio of 0.5%, which is slightly on the higher side when compared to the other ETFs, but it is a bargain. You only pay $50 per $10,000. The ETF picks companies that have paid consistent dividends and have high yields. This has helped IDV maintain a lofty yield of 4.71%.
The Schwab US Dividend Equity ETF (SCHD) is an exchange-traded fund managed by the professionals at the Schwab Asset Management team. It invests in a basket of individual stocks and tracks the Dow Jones U.S. Dividend 100 Index. This index tracks the returns of high-yielding dividend stocks that show a consistent record of payments and are fundamentally strong.
Food, rent and bills aren't getting any cheaper, so whether you've got a job, are juggling a couple of jobs, have your own business or are freelance, it never hurts to have diversified income streams. In other words, get yourself a side hustle and preferably one that can be automated as much as possible. Not one that needs loads of time or you to be live/in-person.
