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The greatest 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 site for less than $5 a month with Blue Host and spend just a few hours a week to build it while you wait for it to start producing that income you can count on.
Ill leave a link to a special offer by Blue Host below. Dont wait until you need the excess money to begin your own blog. I had been making a grand a month off my websites within a year of launching even though your site isnt large enough to replace your job, a grand a month is still pretty nice for a mainly passive income resource. .
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I spoke about this next passive income notion in a recent movie on the five investments that helped me earn money while stocks were crashing. Remember thatback in February when the stock market plunged 10% within 2 weeks I came out ahead because I'd real estate 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 secrets I learned more than 20 years as a property investor. Four steps to choose that will guarantee your success! See the movie 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 asset has created as much long-term prosperity as property.
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There are a couple of problems with direct investment in real estate though. Its expensive to buy even a single house, a minimum of tens of thousands of bucks, and theres no way many investors can build a portfolio of different property types and in different regions to shield from these dangers when you have all of your money in just one or two investments. .
StREITwise offers a hybrid investment between traditional REIT fund investing and the new crowdfunding. The fund is similar to a real estate investment trust in that it retains a collection of possessions but much more like crowdfunding in its own management. The fund has paid a 10% annualized return since inception and is a fantastic way to increase 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 this video, has paid a 10% annualized dividend. The fund is managed by seasoned real estate professionals that have acquired or managed over $5.4 billion in property and across all property types.
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You can invest as little as $1,000 in each property which means you can build up a portfolio of different property types and in different regions for this diversification. In addition, you get professional management of those projects. The project owners send all equity or debt payouts throughout the system and it has passed on to investors. .
Since these are longer-term jobs, short-term economy hiccups shouldnt affect them. Real estate prices may follow the economy a little but there's still that natural demand from homeowners and business customers so see post that affirms prices.
I surveyed real estate crowdfunding sites on returns and found that debt investments average around 9% while equity returns average 15 percent annually. I invest in property debt on PeerStreet and in debt. I enjoy investing on more than one stage because it gives me access to as many deals as possible. .
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Clients 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 fact, self-publishing is a natural match for bloggers because 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 a month on every book and you can generate a new book every couple of months when youre really focused. The very best thing about self-publishing is that once you have it printed on Amazon, theres almost nothing left to perform. I spend about $20 per month on advertising for each publication and thats it. .