Passive Income Archives - Finance Throttle

What happened to my $1000 Investments?

Post author:Hyder A.
Post published:September 26, 2022

In 2021 I joined the $1000 challenge, a 1-year challenge where you invest $1000 in any way you want to see who makes the most money. I thought it would be an interesting experiment to try during the Pandemic. Because I run a personal finance blog, I decided to expand my experiment. I started my $1000 challenge in January 2021 by investing $5000 in FIVE different securities across FOUR categories: Crypto, Real Estate, Retirement, and an Individual Brokerage Account. I…

8 Ways To Maximize Your Real Estate Investment Earnings

Post author:Hyder A.
Post published:June 2, 2022

In the past year, much of the real estate landscape as changed. Becoming a real estate investor is harder than ever in this market. With inflated real estate prices, high mortgage interest rates, and the rising costs of PMI, home insurance, utilities, and home contractors, can you still make money as a real estate investor? Here are 8 ways you can maximize your earnings. Do Your Research & Calculate The ROI The ROI is your return on investment. Thousands of…

Avoid these Zoning Mistakes when buying a Commercial, Residential, or Industrial Investment Property

Post author:Hyder A.
Post published:April 18, 2022

Let's say you are a master mechanic looking to buy land or a garage for the purpose of repairing vehicles. The commercial real estate agent and seller will tell you that the property is zoned for automotive repair. You sign the agreement and buy the property only to later find out that the property is not zoned or permitted for an automotive repair garage. The property you purchase may have technically have a garage on it, but it cannot be…

ONE YEAR BLOG UPDATE – Should I Keep Going?

Post author:Hyder A.
Post published:December 27, 2021

Around Christmas of 2020, I decided to start my own personal finance blog Finance Throttle. My objective with this blog was to help people accelerate their net worth and learn more about personal finance along the way. Within a week, I created the blog and website through a Bluehost referral link and published the site on December 31st, 2020 for a January 1st, 2021 reveal. I started off publishing a new blog post EVERY DAY. This wasn’t easy since I had a full…

My Wife Quit Her Job – Now What?

Post author:Hyder A.
Post published:November 11, 2021

This is a question that was often brought up on Yahoo! Answers before they shut down earlier this year. It is perfectly normal for a spouse to want to stay home with the kids, work on themselves, or delve into their hobbies. However if you have been living a two-income lifestyle for some time, you will find it difficult to adjust to a one income lifestyle. In this post, I will dive into the ways you can prepare for a…

Become A Personal Loan Lender With Pigeon Loans

Post author:Hyder A.
Post published:November 4, 2021

I was wondering what would it take to become a bank or a lender. In my research I found something interesting. I found Pigeon Loans. Pigeon Loans is a peer-to-peer lending platform aimed at letting you lend or borrow money from family members or friends. They currently operate in over 40 countries. Pigeon Loans facilitates by creating contracts based on the agreed loan amounts and terms. The borrower can counter offer the loan terms and the lender can choose to…

BITCOIN MINING UPDATE

Post author:Hyder A.
Post published:October 25, 2021

At the beginning of 2021, I got the crypto bug and started investing in Ethereum and Bitcoin through Coinbase where I earned $10 in free Bitcoin when I signed up. My friend introduced me to Bitcoin mining as he has been doing since 2013. He had 8 or 9 mining rigs setup in his house and was making $100 per day. Mining Bitcoin is the process of verifying transactions on the block chain. By mining, you are lending your computer's…

Rent Out Your Garage Or Shed With Neighbor

Post author:Hyder A.
Post published:October 21, 2021

About three years ago I came up with an idea for a new app. Inspired by Uber and Door Dash, I thought "What if I make an app where people can rent out their driveway, garage, or shed as a storage unit?" As someone who has spent way too much money on a storage unit, I knew that the storage business was a cash cow. I started to research the legalities of renting out your own property for storage. Is…

Save Money by Earning More

Post author:Hyder A.
Post published:August 26, 2021

Many American's blame their income for their inability to save. If you have already tried to save money by spending less and budgeting, try these easy ways to make a little extra income. Work Part-Time. Sign up for one of over 100 different gig economy apps and work part-time, on your own time. Drive people around with Uber. Drive food around with DoorDash. Shop for and delivery groceries with InstaCart. Write papers on Fiver.Rent out a bedroom and get a…

Make Money in Crypto by Playing Online NFT Games

Post author:Hyder A.
Post published:August 9, 2021

Did you know you can make hundreds, if not thousands of dollars per day playing online games? Okay more realistically, you will only make a few cents to a few dollars per day unless you get in early and play for several hours a day. NFT games have been around for a few years but they have been on the rise in the past few months. These games are a great way to make passive income if you are already…