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The biggest key to success in this passive income source though, is to just get started. There are factors like website age that play into getting ranked on Google and the sooner you get started, the better.
You can start your website for less than $5 a month with Blue Host and spend just 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 excess money to start your blog. I was making a grand a month away from my websites within a year of launching so 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 idea 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 start in property investing Check out this video where I show the four secrets I learned over 20 years as a property investor. Four steps to choose that will guarantee your success! See the video here on YouTube.
I began my professional career as a commercial real estate analyst and Ive managed my own rental properties so property has always had a special spot in my portfolio. No other asset has generated as much long-term wealth as land.
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There are a couple of problems with direct investment in real estate though. Its expensive to purchase even a single house, a minimum of tens of thousands of bucks, and theres no way most investors can build a portfolio of different property types and in different regions to shield from those dangers when you've got all of your money in only one or two investments. .
StREITwise provides 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 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 property 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 obtained 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 that means you can build up a portfolio of different property types and in different areas for this diversification. You also get professional management of the projects. The project owners send all debt or equity payouts through the platform and it gets passed on to investors. .
Since these are longer-term projects, 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 that affirms costs.
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 platform 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 his comment is here 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 really simple. In fact, self-publishing is a natural match for bloggers because youre already writing this material. All you need to do is reformat it and turn it into a book 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 if youre really concentrated. The best part about self-publishing is that once you get it published on Amazon, theres nothing left to perform. I spend about $20 per month on advertising for each publication and thats it. .