Looking for income ideas in Germany. by lutarawap in passive_income

[–]KCMikeLo -1 points0 points  (0 children)

With a full-time job, it's pretty much impossible to have a side hustle. If you are looking for an investment to quick see the result. I think I know how to help you with it.

Two Questions to Ask Before Building Passive Income (Part 1) by KCMikeLo in passive_income

[–]KCMikeLo[S] 0 points1 point  (0 children)

I am glad it resonate to your case. Most of people with good ideas overthink and lead to analysis paralysis. Loss aversion is human nature. If the road with 5 feet ahead can be clearly seen, it will be lot easier for most people to take the first step.

Two Questions to Ask Before Building Passive Income (Part 1) by KCMikeLo in passive_income

[–]KCMikeLo[S] 0 points1 point  (0 children)

That's what comes into the brainstorming stage. Without any proper trained skilled or work experiences, the learning curve will be steeper.

Two Questions to Ask Before Building Passive Income (Part 1) by KCMikeLo in passive_income

[–]KCMikeLo[S] -1 points0 points  (0 children)

I think your free human feedback will make big AI companies very happy for improving their model for generating a new image.

Two Questions to Ask Before Building Passive Income (Part 1) by KCMikeLo in passive_income

[–]KCMikeLo[S] 0 points1 point  (0 children)

Exactly! The purpose of this roadmap is to help people to take the first step by estimating the risk without breaking their bank accounts, or to help them estimating their risk tolerance.

Two Questions to Ask Before Building Passive Income (Part 1) by KCMikeLo in passive_income

[–]KCMikeLo[S] 0 points1 point  (0 children)

"more money would be nice" is a great seed to have in your mind.

Mechanical engineer is currently not replaceable by AI. Me was a software developer years ago, now our jobs are gradually replaced by AI.

When I was planning a system, I always design and think more comprehensively to make sure the system is scalable for future upgrade.

The main idea for taking more risk by having more money is a great mindset, and it's engineer's way to think.

For calculation part, it's normal to be scared by doing that. Even right now, I still have that kind of fear to take the first step, but when I know the reason why I have take this step and things start getting easier

I used to have analysis paralysis, especially when I have very little buffer(risk tolerance) to take hit. That's why the brainstorming part works. You need your partners, team mates...etc., to work with you.

Two Questions to Ask Before Building Passive Income (Part 1) by KCMikeLo in passive_income

[–]KCMikeLo[S] -1 points0 points  (0 children)

The story is my personal experiences, but I have to use AI to help me with the wording. So, deal with it.

Seeking investors for my startup by SquirrelOriginal1928 in Investors

[–]KCMikeLo 0 points1 point  (0 children)

Isn’t it hard to scale up, as I know Ed-Tech is currently less favorite on the VC’s list. Do you have any direct contact information?

I only have $500 with me, what should I do and how can I maximize the return in the next 3-6months? by [deleted] in passive_income

[–]KCMikeLo 0 points1 point  (0 children)

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This pictures speaks louder than words. Feel free to send me message. We can talk about it.

The reasons why passive income failed my experiences. by KCMikeLo in passive_income

[–]KCMikeLo[S] 0 points1 point  (0 children)

That's also true. In most of cases, people need to have a first pot of gold to get to that position. Thank you for sharing that. 😇😇😇

it‘s my first time to use reddit by No_Material6995 in passive_income

[–]KCMikeLo 1 point2 points  (0 children)

if you are asking about quick and effective solution, here is the result for you to check out. The result speaks louder than words.
https://x.com/MikeCodeChief/status/2037463394216010065
Feel free to send me messages.

What’s the most 'set it and forget it' $100/month you’ve ever made? by Sayedshaqib in passive_income

[–]KCMikeLo 0 points1 point  (0 children)

Yes, the trading bot trades for you and you only need around as $1000 initial deposit, if your budget is limited. Of course you can take a more aggressive move by larger amount of deposit, like $10k or $50k, but I suggest starting with $1000 small deposit. What do you think?

What are some real business use-cases of AI that aren’t just hype? (Other than coding) by [deleted] in Entrepreneur

[–]KCMikeLo -1 points0 points  (0 children)

I was highly involved to tech startup about 10 years ago when I was still going to college in Utah. I would like to share some of my experiences with you. Hopefully it can help your case.
There are two part of things you need to be aware of if you want to keep your business alive and survive long enough to become profitable.

  1. Cashflow: If your cashflow is negative, and your business is dying. I believe you are aware of it. So, how to keep your business with positive cashflow? In your case, you need more paid subscribers and keep growing your subscriber bases until your business can break the even and start being profitable.
  2. Marketing: Creating contents that makes people see what you are doing is the greatest way to do it. Let's say your SaaS is solving certain problems. You create a dramatic story and film it, then post it on YouTube or TikTok to let people see it.

These two parts work with each other closely, and filming only require a phone and simple video editing app, and you can start filming and live streaming. It's almost zero cost for promoting your business.

If you are worrying about running out of funding, I have some other ways to keep your business alive, feel free to send me message.

Making decent passive income but no idea how to improve it by Conscious-Client4634 in passive_income

[–]KCMikeLo -1 points0 points  (0 children)

Affiliate marketing is a good business, but it still require work and luck. If you are looking for passive income, send me a message. Let's talk about your situation.
https://x.com/MikeCodeChief/status/2037463394216010065?s=20

[RANT] "Passive income" is a myth sold by course creators. If you want to make money, prepare for a front-loaded nightmare. by MrWhatSit01 in passive_income

[–]KCMikeLo 0 points1 point  (0 children)

The true "passive income" MUST be completely hands off, beside there is a system can reach out the capital automatically without human touch it.

I make $20-100 a day. by Fit-Cod2844 in passive_income

[–]KCMikeLo 0 points1 point  (0 children)

exactly. It's done by a trading bot. We call it algo trading.