I am currently serving NS, saved up money and will probably save more by working before uni. But once in uni I want to have a stable passive income to pay for things like my bike. Any tips?

$200 a month would be about $2,400 a year. Given a reasonable 4% yield on investment, you require a portfolio of $60,000. This can either be completely achiveable or not, depending on your financial background.

With a small investment capital. say $1,000, you will need a whopping 20% growth to earn the $200. The easiest way to go about is to work part-time during university and saving up during NS.

During NS, you can make use of IPPT/ATP/CS to gain incentive awards. You can also cut down on mess/canteen/nights-out/ordering in/stay-out/smoking to keep more of your allowance. If you have a long break before start of uni and cannot find a job during the period, you can consider doing a short term contract (3/6 months) where the pay is significantly higher. Meanwhile, you can continue reading up articles online by the various personal finance blogs on how to budget, invest, etc.

During uni, you can look for a job or a part time work, bonus if it is relevant to your field of study. The plus of a part time work is in its flexibility. Assuming a $8/h work, you will need to work 25hrs per month which you can plan in advance. Similarly, do cut down on eating out/drinking/clubs/etc and go for cheaper alternatives.

One last note, I personally wouldn't recommend individual stock investing as it may not be very efficient for most. It is time consuming to research, analyse. order and buy the stocks as compared to index investing. Do check them out in your free time!

Hello, I am an NSF too!

Passive income requires quite a lot of upfront work and research. Read some books along the way and you can also look into roboadvisors.

I personally believe in DIY ETF RSP because I get the customisability and I believe that ETFs should form the core of your investments.

If you really want to stock pick, I have some opinions on some decent S-REITS on my blog! (strongandfrugal.com)