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Another investment that I highlighted 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 fantastic against double-digit stock returns but its double what you get from additional fixed-income investments.
Investing in loans is nothing new. In fact, I guarantee you have money in them via any pension plan or insurance. You see banks sell their loans to investors that need reliable cash flow so their most important buyers of loans are pensions and insurance companies.
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I average just under 10% annually on the loans about $1,000 on every $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 get paid principal and interest monthly on your loans so its a fantastic cash flow investment. .
What I like about p2p investing on Lending Club is the websites automated investing tool. You decide on the standards for loans in which you want to invest and the application does the rest. It will look for loans every day that meet those factors and mechanically invest your money. Its important as youre collecting money on your loan investments every day so that you want that money reinvested as soon as possible. .
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The automatic investing instrument on Lending Club gets the investment entirely passive. I could only check in on my account once a month or even less often. I know that program is going to keep investing my money for a stable and passive return.
Our next passive income idea is another twist on crowdfunding called Patreon. The website is promoted as a crowdfunding website for creative people like artists and writers but its own for anyone with a side-hustle notion.
Patreon is really how the arts used to work hundreds of years ago. Back during the renaissance, artists utilized to ask the rich to be their patrons to support their work through regular contributions.
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So now the website Patreon gives you the opportunity to get patrons to your own works. You construct a community of individuals interested in your work, another use of a site that does double-duty with this passive income strategy, and then ask them to make contributions every time you produce something. .
Now patrons dont come away empty-handed, you provide benefits and copies of the job. So to get a writer, you might offer copies of your books. You could promise to thank patrons on your site or to market something of theirs in the long run.
Even if each patron only contributes a very small amount each month, it can still be a huge source of income. Have a look at the Patreon site for Kinda Funny, an internet movie company. They've over 6,209 patrons which means an average visit this website of only $3 a visit this page month would be a monthly income of almost $19,000 and they get cheerleaders that are always pleased to spread the word on their brand. .
Our past passive income source is creating your own brand and selling via Amazon FBA. This really is one of the very exciting income thoughts Ive seen in years. Amazon FBA makes it easy 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 bucks for manufacturing, marketing, logistics, everything that went into selling products. With Amazon FBA, you contract with a manufacturer to ship everything straight to Amazon warehouses throughout the country.
The manufacturer is going to put everything together, package it and even put your label on it. Then you just run your advertising and sell everything from your page on the worlds biggest internet shopping website.
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Ive got a couple of interviews on the site from folks who have started stores through Amazon FBA. A couple of them are making high-income incomes in less than a year so $5,000 a month is readily attainable in less than that.
Making legitimate passive income isnt as difficult as you may think. Some of the best passive income ideas might take a little time to install but can begin money flowing within a couple of months and will provide a consistent monthly income for years or more. The most important point is simply to begin.