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The biggest key to success in this passive income source however, is to simply begin. There are variables like site age that play into getting ranked on Google and the sooner you begin, the better.
You can begin your website for less than $5 a month with Blue Host and spend only a couple of hours every week to assemble it while you wait for it to start producing that income you can count on.
Ill leave a link to a particular offer by Blue Host below. Dont wait until you need the extra cash to begin your own blog. I had been making a grand a month away from my websites within a year of launching so even if your site isnt large enough to replace your work, a grand per month is still pretty nice to get a mainly passive income resource. .
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I spoke about this next passive income idea in a recent movie on the five investments which helped me make money while stocks were crashing. Remember thatback in February when the stock exchange plunged 10% within 2 months I came out ahead because I'd property crowdfunding and p2p lending to smooth out my portfolio. .
Want to get started in property investing Check out this video where I show the four keys I learned over 20 years as a property investor. Four measures to choose that can guarantee your success! See the video here on YouTube.
I started my professional career as a commercial real estate analyst and Ive managed my own rental properties so real estate has always had a special spot in my portfolio. No other advantage has generated as much long-term prosperity as property.
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There are a couple of problems with direct investment in real estate however. Its expensive to purchase even a single house, a minimum of tens of thousands of dollars, and theres no way most investors can build a portfolio of different land types and in different regions to shield from these dangers when you have all of your money in only one or two investments. .
StREITwise offers a hybrid investment between traditional REIT fund investing and the new crowdfunding. The fund is like a real estate investment trust in that it holds a collection of properties but more like crowdfunding in its management. The fund has paid a 10% annualized return since inception and is a great way to diversify your real estate exposure. .
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The stREITwise 1st stREIT Office REIT invests in high-quality office properties and as of the date of the video, has paid a 10% annualized dividend. more info here The fund is managed by seasoned real estate professionals that have acquired or managed around $5.4 billion in land and across all real estate types.
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You can invest as little as $1,000 in every property which means you can develop a portfolio of different property types and in different areas for this diversification. You also get professional management of the jobs. The project owners send all equity or debt payouts throughout the platform and it gets passed on to investors. .
Since these are longer-term jobs, short-term market hiccups shouldnt affect them. Real estate costs may follow the economy a little but there's still that natural demand from homeowners and commercial users so that supports costs.
I surveyed property crowdfunding sites on returns and found that debt investments average around 9 percent whilst equity returns average 15% annually. I invest in property debt on PeerStreet and in debt. I enjoy investing on more than one platform because it provides me access to as many deals as you can. .
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Subscribers to the channel have probably already seen the movies on our next passive income idea, self-publishing. Ive been self-publishing on Amazon since 2015 and also have 10 books that averaged $1,857 a month last year.
Before you think you cant write a novel, anyone can do this and it's so simple. In reality, self-publishing is a natural fit for bloggers since youre already writing this content. All you have to do is reformat it and turn it into a publication for another income source.
Im making an average of $185 per month on each book and you can produce a new book every few months when youre really concentrated. The best part about self-publishing is that once you have it published on Amazon, theres nothing left to perform. I spend about $20 per month on advertising for every publication and thats it. .