[ryandrake]

Upvoted because it is a good question that never seems to get answered specifically. It’s always something vague and simple like “just invest in... uh... stuff, bro!”

Let’s say I have $1M liquid (I don’t) and I want to “build passive income”. What do I do? Specifically, what are the actual steps? As in, I pick up the phone and do what? Should I buy a laundromat? Great! HOW do I do this? Where is eBay For Laundromats? Once you but it you’ll need to hire someone to run it. How?

Buy a bunch of duplexes and be a landlord? OK... where is the step-by-step guide?

The answer of course is that it is not straightforward. It is complex and requires experience and not-widely-known niche know-how, and that’s why not everyone just does it.

[timuzhti]

If you have a million stick it in a boring old index fund. Above market returns require above market amounts of work.