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The greatest key to success in this passive income source though, is to simply begin. There are variables like site 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 per month using Blue Host and spend only 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 special offer by Blue Host below. Dont wait until you need the excess money to start your blog. I was making a grand a month off my websites within a year of launching even if your site isnt large enough to replace your work, a grand per month remains pretty nice for a mainly passive income resource. .
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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 that, back 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 movie where I reveal the four keys I learned over 20 years as a real estate investor. Four measures to take that can guarantee your success! Watch 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 place in my portfolio. No other asset has created as much long-term prosperity 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 property, a minimum of tens of thousands of dollars, and theres no way many investors can create a portfolio of different land types and in different regions to protect from those risks when you have all of 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 like a real estate investment trust in that it retains a collection of properties but much more like crowdfunding in its management. The fund has paid a 10% annualized return since inception and is a fantastic 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 this date of the video, has paid a 10% annualized dividend. The fund Look At This 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 each property that means that you can build up a portfolio of different property types and in different areas for this diversification. In addition, you get professional management of those projects. The project owners send all equity or debt payouts throughout the platform and it gets passed on to investors. .
Since these are longer-term jobs, short-term market hiccups shouldnt affect them. Real estate costs may follow the economy somewhat but there's still that natural demand from homeowners and commercial users so that supports costs.
I researched property crowdfunding sites 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 provides me access to as many deals as you can. .
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Clients to the channel have likely already seen the videos on our next passive income notion, self-publishing. Ive been self-publishing on Amazon since 2015 and have 10 books that averaged $1,857 per month this past year.
Before you think you cant write a novel, anyone can do so and it's so easy. In fact, self-publishing is a natural match for bloggers since youre already writing this material. All you have to find more information do is reformat it and turn it into a publication for another income source.
Im making an average of $185 a month on every publication and you can generate a new book every few months when youre really concentrated. The very best part about self-publishing is that once you have it printed on Amazon, theres almost nothing left to do. I spend roughly $20 a month on advertising for each publication and thats it. .