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- Samza Round-Up - 12/8/2022
Samza Round-Up - 12/8/2022
Sam Zanto
December 07, 2022
Samza Round-Up - 12/8/2022
This Week's Round-Up
The 6 Categories of Passive Income, Explained
The term "passive income" is every TikTok and YouTube influencers favorite term to bait people hungry for easy money. I'm convinced that truly passive income doesn't exist in the generally understood sense of the term, and in the few instances where it does, I believe the up-front cost to develop the system or product needed to generate it weed out most of the people who wanted it in the first place.
With that said, this is an interesting articles outlining different methods of "passive income." The article starts with profit income, which is anything but passive, and makes me question what defines "passive" by Time, but the definitions and outlines of the 6 categories proved useful enough for me to include the link below.
What Goes Up Must Come Down: The Pandemic Era’s Hottest Markets Are Leading the U.S. in Price Reductions
Unless you've been living under a rock, you know that the housing market has finally cooled off, with price reductions and decreases in demand hitting a number of major markets throughout the country. This proves even more true in the 10 states that had the hottest stretches from 2020-2022 (think Florida, Texas, Arizona).
The question now is: will this trend continue? Will price reductions continue until the market's floor falls out, or will buyers come back into the market at these prices even with high interest rates? Time will tell...
How to Make Money on Amazon: 4 Expert-Approved Strategies That Are Working Now
I feel like I talk about Amazon all the time; but here we are again. Few opportunities require so little up front set-up, given that Amazon has one of the most robust and far-reaching platforms on Earth ready to be taken advantage of. Anyone can create and sell e-books, or buy products from other platforms and resell on Amazon, and yet that's where the majority of money on Amazon is. Worth a read if you want a little more detail on getting started on Amazon.
Idea of the Week - Car Flipping
Disclaimer: I've never tried this side hustle, but, I've been in love with reselling and flipping things for years, so it's only natural that I've heard of this higher $$$ flipping method and would be curious about it.
The gist of the idea is this: most people aren't good at pricing their used vehicles, which creates a huge market inefficiency. Buyers in the know can skim through car listings on sites like Facebook and Craigslist and find cars at good values which create margins for reselling.
Of course, the whole process is a little more complex than that, but the guy who does this regularly says he can accomplish an entire flip (research, purchasing, and selling) in three hours or less. For more details and to read more, click the link below.
Podcast of the Week - BiggerPockets Real Estate
You might have heard of this one before, but the BiggerPockets Real Estate podcast is a tried-and-true part of my occasional rotation. Hosts David and Rob break down both popular and lesser-known methods of building a personal real estate portfolio, all in a highly motivational way that gets even a person with no real estate experience interested in getting started. Check it out!
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