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Another investment I emphasized recently was p2p lending through Lending Club. Ive been investing in p2p for a couple of decades now and have reserved returns only under 10%. Now that might not sound great against double-digit stock returns but its double everything you get from additional fixed-income investments.
Investing in loans is nothing new. In reality, I guarantee you have money in them through any pension plan or insurance. You see banks sell their loans to investors that need reliable cash flow so their biggest buyers of loans are pensions and insurance companies.
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I average just under 10% annually on the loans so about $1,000 on each $10,000 invested. Now thats a calendar year so youll need a bit invested to make that $5,000 a month but even a little portfolio will constantly be putting money in your account. You receive paid principal and interest monthly on your loans so its a great cash flow investment. .
What I enjoy about p2p investing on Lending Club is your websites automated investing instrument. You decide on the standards for loans in which you want to invest and the program does the rest. It will search for loans daily which meet those variables and automatically invest your money. Its important because youre collecting money on your loan investments every day so you want that money reinvested as soon as possible. .
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The automated investing tool on Lending Club gets the investment completely passive. I could only check in on my account once per month or even less often. I know that app is going to keep investing my money for a stable and passive return.
Our next passive income idea is another twist on crowdfunding known as Patreon. The site is promoted as a crowdfunding website for creative people like artists and writers but really its own for anyone with a side-hustle notion.
Patreon is actually how the arts used to operate hundreds of years back. Back during the renaissance, artists used to ask the wealthy to be their patrons to support their work through regular contributions.
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So now the site Patreon provides you the opportunity to get patrons to your own works. You build a community of individuals interested in your work, another usage of a blog that will double-duty with this passive income strategy, and then ask them to make contributions every time you produce something. .
Now patrons dont come off empty-handed, you offer rewards and copies of the job. So for a writer, you might offer copies of your books. You can promise to publicly thank patrons on your blog or to market something of theirs in the future.
Even if every patron only contributes a very small amount each month, it can still be a huge source of income. Have a look at additional resources the Patreon page for Kinda Funny, an internet video company. They have over 6,209 patrons that means an average of just $3 a month are a monthly income of nearly $19,000 plus they get cheerleaders which are always pleased to spread the word on their brand. .
Our last passive income source is creating your own brand and selling via Amazon FBA. This really is one of the most exciting income ideas Ive seen in years. Amazon FBA makes it effortless to start your own retail company, to market your own products.
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It used to be that you needed hundreds of thousands of dollars for manufacturing, marketing, logistics, everything that went into selling solutions. Together with Amazon FBA, you contract with a manufacturer to send everything directly to Amazon warehouses throughout the country.
The manufacturer is going to put everything together, package it and even put your tag on it. Then you simply run your advertising and market everything from the webpage on the worlds largest internet shopping site.
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Ive got a few interviews on the site from people that have started stores through Amazon FBA. Some of them are making high-income incomes in less than a year therefore $5,000 per month is easily achievable in less than that.
Making valid passive income isnt as difficult as you might think. Some of the best passive income ideas might take a little time to install but can begin money flowing within a few months and will offer a consistent monthly income for many years or longer. The most important point is simply to begin.