I have an experiment I would like to try and need some finance guru advice. I've got my debt pretty well paid down, just a car loan left with 3 years on it. I've got an emergency fund, 401k, and whatnot. My next lofty goal is to try to create passive income sources to pay monthly bills. I want to start small and work my way up one bill at a time. By starting small, I mean really small, like my $7.99 a month Netflix bill. What's the best investment, how much would I have to invest, and what rate of return would I need to never have to pay for Netflix again, making it essentially a bill that will be paid by investment interest or dividends from investments alone from now on. I know it's a trivial thing and a trivial amount of money but I just want to do it as a proof-of-concept and then work on bigger bills after I've done this one. Ideas?
Submitted March 10, 2017 at 02:18PM by Porespellar http://ift.tt/2nnyEnA
