Low stress asset acquisition

[DeconstructivistParticipant 69]

Hello gentlemen, I am looking for advice on how to acquire low effort assests that will appreciate over time. I have hit a stall in my business plans because of lack of funds, but I have recently been paid by the day job ( more like night/overnight job) and was looking into appreciating assests in order to build a financially sound base for some of the idea’s I still have comming down the pipe. I will give an example: I have recently learned a very simple skill from an event I volunteered at, that skill is how to make an Ethernet cable from 2 component parts and 1 tool, I know where I can get the tool, however I don’t know where I can get the component parts cheap enough to make the acquisition and distribution of the completed product (an Ethernet cable) profitable. Any advice on the specific example or general topic would be greatly appreciated.

Deconstruct it all, until everything is stardust once more!

[RoyDalParticipant]

Knowledge and skills will cost you only time, and they will last you for life.

Society asks MGTOWs: Why are you not making more tax-slaves?

[DeconstructivistParticipant 69]

No offense, but any practical advice?

Deconstruct it all, until everything is stardust once more!

[RoyDalParticipant]

Deconstructivist wrote:

No offense, but any practical advice?

I retired young by working crap jobs and investing in real estate rental properties. Now, I live off the rent, and my job is very low stress indeed.

There are many tasks that cannot be outsourced to some other continent. If some lady needs a screen door repaired, a leaky toilet fixed, or her house painted … well, you can pick up my meaning and take it from there.

True story: A carpenter worked for a big-shot contractor. Every time the contractor built a large number of houses, the carpenter purchased at least one of them. He now lives off the rent from these “cheap” houses. The contractor went broke in the last housing crash.

Society asks MGTOWs: Why are you not making more tax-slaves?

[SolidusXParticipant 854]

Deconstructivist wrote:

Hello gentlemen, I am looking for advice on how to acquire low effort assests that will appreciate over time. I have hit a stall in my business plans because of lack of funds, but I have recently been paid by the day job ( more like night/overnight job) and was looking into appreciating assests in order to build a financially sound base for some of the idea’s I still have comming down the pipe. I will give an example: I have recently learned a very simple skill from an event I volunteered at, that skill is how to make an Ethernet cable from 2 component parts and 1 tool, I know where I can get the tool, however I don’t know where I can get the component parts cheap enough to make the acquisition and distribution of the completed product (an Ethernet cable) profitable. Any advice on the specific example or general topic would be greatly appreciated.

My best advice would be this…
First I would invest in stocks that pay monthly dividends like Real Estate Investment trusts or REIT’s. These trusts buy and sell just like regular stocks and pay usually 5-10% dividend yields, they are also not as volatile as most other regular stocks… The only downside is they do not gather capital gains quickly as other stocks, they are mostly meant for the dividends.

Second is to buy cheap apartments with low strata fees that you can rent out to people… with cheaper apartments repairs will be less expensive as the materials in the apartment will not be high grade and also cheaper lower costs apartments will rent out quicker than something high end. The downside is that you will have to deal with lower quality people for the most part that may not take very good care of your place.

Third for a longer term is gold and silver, it may not appreciate fast but it will always be worth something while fiat money will always eventually go to zero. The only downside is finding a safe place to store it.

There is a reason rich people own property and precious metals.

For your cable idea… unless you are going to mass produce it will not be worth it to be honest as there are major companies out there that already beat you to the punch.

Knowledge is power..... Don't waste your brain on bullshit

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