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The greatest key to success in this passive income source however, is to simply 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 site for less than $5 a month using Blue Host and spend only 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 extra cash to start your own blog. I had been making a grand a month away from my sites within a year of launching even if your blog isnt big enough to replace your job, a grand a month is still pretty nice for a mostly passive income source. .
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I talked about this next passive income idea in a recent movie on the five investments that helped me earn money while stocks were crashing. Bear in mind thatback in February when the stock market plunged 10% within 2 weeks I came out ahead because I had property crowdfunding and p2p lending to smooth out my portfolio. .
Want to start in property investing Check out this movie where I reveal the four secrets I learned over 20 years as a real estate investor. Four measures to take that can guarantee your success! See the video below 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 generated as much long-term prosperity as property.
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There are a couple problems with direct investment in real estate however. Its expensive to buy even a single property, a minimum of tens of thousands of dollars, and theres no way most investors can create a portfolio of different property types and in different regions to protect from these risks when you have all 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 similar to a real estate investment trust in that it retains a collection of properties but more like crowdfunding in its own 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 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 develop a portfolio of different property types and in different regions for this diversification. In addition, you get professional management of those jobs. The project owners send all equity or debt payouts throughout the platform 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 somewhat but there is still that natural demand from homeowners and business customers so that supports prices.
I surveyed real estate crowdfunding websites on returns and found that debt investments average around 9 percent while equity returns average 15% annually. I invest in property debt on PeerStreet and in debt. I like investing on more than one stage since it gives me access to as many deals as you can. .
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Subscribers to the channel have likely already seen the movies on our next passive income notion, 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 book, anyone can do this and it's really simple. In reality, self-publishing is a natural match for bloggers because youre already writing the material. All you have to do is reformat it and turn it into a book for another income source.
Im making an average of $185 a month on each book and you can produce a new book every couple of months if youre really concentrated. The very best part about self-publishing is that once you have it published on Amazon, theres almost nothing left to do. I spend about $20 per month on advertising for each publication and thats it. .