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The biggest key to success in this passive income source though, is to simply begin. There are factors 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 a month with Blue Host and spend only a couple of hours a week to assemble 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 money to start your own blog. I was making a grand a month away from my sites within a year of launching even if your blog isnt large enough to replace your work, a grand a month remains pretty nice for a mainly passive income resource. .
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I spoke about this next passive income notion in a recent video on the five investments that let 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 had property crowdfunding and p2p lending to smooth out my portfolio. .
Want to start in real estate investing Check out this movie where I show the four secrets I learned more than 20 years as a real estate investor. Four measures to choose that will 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 generated as much long-term prosperity as land.
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There are a couple of 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 many investors can create a portfolio of different land types and in different regions to shield from those risks when you've got all 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 like a real estate investment trust in that it retains 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 great way to increase 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 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 every property which means you can develop a portfolio of different property types and in different areas for that diversification. You also get professional management of those projects. The job owners send all debt or equity payouts throughout the platform and it has passed on to investors. .
Since these are longer-term projects, short-term economy hiccups shouldnt affect them. Real estate costs may occur after the economy somewhat but there's still that natural demand from homeowners and business users so that supports costs.
I surveyed property crowdfunding sites on returns and found that debt investments average around 9 percent whilst equity returns average 15% annually. I invest in real estate debt on PeerStreet and in debt. I enjoy investing on more than one platform since it gives me access to as many deals as possible. .
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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 this past year.
Before you think you cant write a book, anyone can do so and it is really simple. In reality, self-publishing is a natural match 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 of $185 per month on every book and you can produce a new book every few months when youre really focused. The very best thing about self-publishing is that once you have it published on Amazon, theres almost nothing left to perform. I spend about $20 per month on advertising for every book and thats it. .