He made a very tidy income and had fun doing it. He maintained them himself and would rotate machines across venues every few months to keep the interest up. I met a guy who had a great low input business placing classic pinball machines into trendy cafes and work places. The trend towards a cashless society helps make these businesses more secure – the removal of cash sitting in machines reduces the temptation for vandalism and theft. You may hire people to do some of the grunt work, such as re-filling the vending machines or giving the laundromat a mop. These all require an initial investment and some on-going supervision. The low “input” I’m referring to here is your hours. It could even be running an AirBNB property (here’s a somewhat extreme example to whet your appetite). Think here of a laundromat, vending machines, or perhaps a do it yourself car wash facility. Let’s explore in more detail the 18 opportunities I’ve identified that will work for us here in Australia: 1. But it’s income that can be produced through deliberate thought and planning, for those prepared to step back from the daily grind and chase their dreams. For example, our third option – buying shares, produces wonderful passive income via dividends, but of course you’ve had to work and save in the first place in order to have the cash to buy those shares.Īlternatively, for something like a YouTube Channel or an Online Course, you don’t need to have built up a tonne of savings, but you do need to put in considerable work at the outset to create the content. It’s important to recognise that in one way or another, passive income generation requires considerable work upfront. Passive Income sources are the key to arriving at this outcome. If you’re to achieve financial independence and gain the choice in life that is our goal here at Financial Autonomy, then it’s very helpful if some or perhaps all of your living costs can be met without you needing to put a finger to a keyboard, smile at a customer, or drill a hole to install something or other. So I’ve produced a custom list especially for those of us on the largest island in the Southern Hemisphere. Unfortunately, many of those found on the web won’t work in Australia. Dummy handles are surface mounted and may be located anywhere on the door you choose, but they are usually located to match the appearance of nearby operating locks.I’ve been researching all the ways one might go about generating Passive Income. Bellow is a graphic with a popular 6 inch offset.īellow is a graphic with a popular 9 inch offset.ĭUMMY SETS require no door prep. Two piece entry set is where Dead bolt is a separate part of the entry set and not mounted on the same plate. Graphic bellow is an example of a one piece entry set with standard offset. One piece entry sets usually have standard 5-1/2 inch or 6 inch offset, sometimes manufacturer might offer other offset choices and also make custom offset entry sets. However it is recommended that you use 6 inch or 9 inch offsets, but it is up to the description of the installer if the door is not pre-drilled. Offset may vary from door to door, and on custom doors could be drilled out to any specification. What is offset? Offset is the center-to-center measurement between Dead bolt Bore and Latch Bore.
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