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The biggest 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 per 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 money to start your blog. I was making a grand a month off my websites within a year of launching so even if your blog isnt large enough to replace your work, a grand a month remains fairly nice to get 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. Bear in mind thatback in February when the stock market plunged 10% within two months I came out ahead because I had real estate crowdfunding and p2p lending to smooth out my portfolio. .
Want to start in property investing Check out this movie where I reveal the four keys I learned over 20 years as a real estate investor. Four steps to take that will guarantee your success! See the video here on YouTube.
I started 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 advantage has created as much long-term wealth as land.
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There are a couple problems with direct investment in real estate though. Its expensive to purchase even a single property, a minimum of tens of thousands of bucks, and theres no way most investors can create a portfolio of different land types and in different regions to shield from these 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 similar to a real estate investment trust in that it holds a collection of possessions 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 property exposure. .
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The stREITwise 1st stREIT Office REIT invests in high quality office properties and as of this date of this video, has paid a 10% annualized dividend. The fund is managed by seasoned real estate professionals who have obtained or managed over $5.4 billion in land and across all property types.
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You can invest as little as $1,000 in every property that means that you can build up a portfolio of different property types and in different regions for that diversification. In addition, you get professional management of the jobs. The job owners send all debt or equity payouts throughout the platform and it has passed on to investors. .
Since click to find out more these are longer-term jobs, short-term market hiccups shouldnt impact them. Real estate costs may follow the economy a little but there is still that natural demand from homeowners and business users so that affirms prices.
I surveyed property crowdfunding sites on returns and found that debt investments average around 9% while equity returns average 15 percent annually. I invest in real estate debt on PeerStreet and in debt. I like investing on more than one platform since it provides me access to as many deals as possible. .
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Subscribers 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 novels that averaged $1,857 a month this past year.
Before you think you cant write a book, anyone can do so and it is really easy. In fact, self-publishing is a natural match for bloggers since youre already writing this material. All you need to do is reformat it and turn it into a publication for another income source.
Im making an average of $185 per month on each publication and you can generate a new book every couple of months if youre really concentrated. The very best thing 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. .