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The greatest secret to success in this passive income source though, is to just begin. There are variables like site age that play into getting ranked on Google and the sooner you get started, the better.
You can begin your website for less than $5 per month with Blue Host and spend only a few 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 particular offer by Blue Host below. Dont wait until you need the extra money to begin your blog. I was making a grand a month away from my sites within a year of launching so even if your blog isnt big enough to replace your work, a grand per month is still fairly nice for a mostly passive income source. .
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I talked about this next passive income notion in a recent video on the five investments which helped me make money while stocks were crashing. Bear in mind that, back in February when the stock market plunged 10% within 2 months 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 show the four secrets I learned over 20 years as a real estate investor. Four measures to choose that will 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 advantage has created as much long-term wealth 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 house, a minimum of tens of thousands of bucks, and theres no way many investors can create a portfolio of different property types and in different regions to shield from these dangers when you've got 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 more like crowdfunding in its 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 around $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 which means you can build up a portfolio of different property types and in different areas for that diversification. You also get professional management of the projects. The project owners send all debt or equity payouts through the platform and it gets passed on to investors. .
Since these are longer-term projects, short-term market hiccups shouldnt affect them. Real estate prices may follow the economy a little but there is still that natural demand from homeowners and business users so that supports prices.
I surveyed real estate crowdfunding sites on returns and found that debt investments average around 9% 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 provides 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 notion, self-publishing. Ive been self-publishing on Amazon since 2015 and have 10 novels that averaged $1,857 per month last year.
Before you think you cant write a novel, anyone can do this and it's so simple. In fact, self-publishing is a natural match for bloggers because youre already writing this content. All you have to do is reformat it and turn it into a book for another income source.
Im making an average of $185 per month on Home Page each publication and you can produce a new book every few months if youre really focused. The best part about self-publishing is that once you get it printed on Amazon, theres almost nothing left to perform. I spend about $20 per month on advertising for each publication and thats it. .