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The greatest secret to success in this passive income source however, is to just get started. There are factors 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 per month using Blue Host and spend just a couple of hours every week to build it while you wait for it to begin 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 cash to start your own blog. I was making a grand a month off my websites within a year of launching so even if your site isnt large enough to replace your job, a grand a month is still fairly nice for a mainly passive income resource. .
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I talked about this next passive income notion in a recent video on the five investments which let me make money while stocks were crashing. Remember that, back 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 get started in real estate investing Check out this movie where I reveal the four keys I learned over 20 years as a property investor. Four steps to take that can guarantee your success! Watch 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 place 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 purchase even a single property, a minimum of tens of thousands of bucks, and theres no way many investors can build a portfolio of different land types and in different regions you can find out more to shield from these dangers when you've got 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 properties but more like crowdfunding in its own management. The fund has paid a 10% annualized return since inception and is a fantastic 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 property and across all real estate types.
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You can invest as little as $1,000 in each property which means that you can build up a portfolio of different property types and in different regions for this diversification. You also get professional management of those projects. The job owners send all equity or debt payouts through the system and it gets passed on to investors. .
Since these are longer-term projects, Check This Out short-term economy hiccups shouldnt impact them. Real estate prices may occur after the economy somewhat but there's still that natural demand from homeowners and commercial customers so that affirms costs.
I researched real estate crowdfunding websites on returns and found that debt investments average around 9% whilst equity returns average 15% annually. I invest in property debt on PeerStreet and in debt. I like investing on more than one platform since it gives me access to as many deals as possible. .
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Clients to the channel have likely already seen the videos on our next passive income idea, self-publishing. Ive been self-publishing on Amazon since 2015 and have 10 books that averaged $1,857 per month last year.
Before you think you cant write a book, anyone can do this and it's so easy. In reality, self-publishing is a natural fit for bloggers because youre already writing this content. All you need 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 publication and you can generate a new book every couple of months if youre really concentrated. The very best part about self-publishing is that once you get it printed on Amazon, theres almost nothing left to do. I spend roughly $20 a month on advertising for every publication and thats it. .