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The biggest key to success in this passive income source though, is to just begin. There are variables like website age that play into getting ranked on Google and the sooner you begin, the better.
You can begin your site for less than $5 a month using Blue Host and spend just a couple of hours a week to build it while you wait for it to begin 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 excess cash to begin your blog. I was making a grand a month off my websites within a year of launching even though your blog isnt large enough to replace your job, a grand per 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. Remember thatback in February when the stock market plunged 10% within two weeks I came out ahead because I'd 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 keys I learned over 20 years as a property investor. Four measures to choose that can guarantee your success! Watch the video below 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 advantage has generated 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 bucks, and theres no way many investors can build a portfolio of different land types and in different regions to protect from these 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 like a real estate investment trust in that it holds a collection of possessions but much more like crowdfunding in its own 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 property types.
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You can invest as little as $1,000 in each property that means you can build up a portfolio of different property types and in different regions for this diversification. In addition, you get professional management of those jobs. The job owners send all equity or debt payouts through the system and it has passed on to investors. .
Since these are longer-term projects, short-term economy hiccups shouldnt impact them. Real estate prices may follow the economy somewhat but there is still that natural demand from homeowners and commercial customers so that supports costs.
I researched real estate crowdfunding websites on returns and found that debt investments average around 9 percent while equity returns average 15% annually. I invest in real estate debt on PeerStreet and in debt. I enjoy investing on more than one stage since it gives me access to as many deals as possible. .
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Subscribers 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 books that averaged $1,857 a month this past year.
Before you think you cant write a novel, anyone can do so and it's really easy. In fact, self-publishing is a natural fit for bloggers because youre already writing the material. All you have 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 produce a new book every couple of months if youre really focused. The best part about self-publishing is that once you have it published on Amazon, theres almost nothing left to perform. I spend roughly $20 per month on advertising for every publication and thats it. .