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The greatest secret to success in this passive income source however, is to simply begin. There are factors like website age that play into getting ranked on Google and the sooner you begin, the better.
You can start your site for less than $5 a month using Blue Host and spend just a couple of hours a 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 money to start your own blog. I was making a grand a month off my sites within a year of launching even though 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 video on the five investments which let me make money while stocks were crashing. Bear in mind thatback in February when the stock exchange 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 real estate investing Check out this movie where I reveal the four keys I learned more than 20 years as a property investor. Four steps to take that can 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 real estate has always had a special spot in my portfolio. No other advantage has created as much long-term wealth 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 dollars, and theres no way most investors can create a portfolio of different property types and in different regions to shield from those risks when you have 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 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 this date of the video, has paid a 10% annualized dividend. The fund is managed by seasoned real estate professionals who have acquired or managed over $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 regions for this diversification. You also get professional management of the projects. The project owners send all debt or equity payouts throughout the platform and it gets passed on to investors. .
Since these are longer-term projects, short-term market hiccups shouldnt affect them. Real estate prices may follow the economy somewhat but there's still that natural demand from homeowners and business users so that affirms costs.
I surveyed property crowdfunding sites on returns and found that debt investments average around 9 percent while equity returns average 15 percent annually. I invest in property debt on PeerStreet and in debt. I like investing on more than one stage because it provides me access to as many deals as you can. .
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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 have 10 novels 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 fit for bloggers since youre already writing this material. All you have to do is reformat it and turn it into a publication for another income source.
Im making an average see post of $185 a month on each publication and you can generate a new book every couple of months when youre really concentrated. The best thing about self-publishing is that once you get it published on Amazon, theres almost nothing left to perform. I spend roughly $20 per month on advertising discover here for each publication and thats it. .