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Another investment that I emphasized recently was p2p lending through Lending Club. Ive been investing in p2p for a few years now and have booked returns only under 10%. Now that might not sound great against double-digit stock returns but its double what you get from additional fixed-income investments.
Investing in loans is nothing new. In reality, I guarantee you already have money in them via any pension plan or insurance. You see banks sell their loans to investors who need reliable money 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 every $10,000 invested. Now thats a calendar year so youll need a bit invested to make that $5,000 per month but even a small portfolio will constantly be putting money in your account. You get paid principal and interest monthly on your loans so its a great cash flow investment. .
What I like about p2p investing on Lending Club is the sites automated investing instrument. You decide on the criteria for loans in which you want to invest and the application does the rest. It will look for loans every day that fulfill those factors and mechanically invest your money. Its important as youre collecting money on your loan investments every day so you want that money reinvested as soon as possible. .
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The automatic investing instrument on Lending Club makes the investment entirely passive. I might 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 site is promoted as a crowdfunding website for creative people like artists and writers but its for anyone with a side-hustle notion.
Patreon is really how the arts used to operate hundreds of years ago. Back during the renaissance, artists used to ask the rich for their patrons to support their work through regular contributions.
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So now the site Patreon provides you the opportunity to acquire patrons to your own works. You construct a community of individuals interested in your job, another use of a blog that does double-duty for this passive income strategy, and then ask them to make contributions each time you produce something. .
Now patrons dont come off empty-handed, you offer benefits and copies of the work. So for a writer, you might offer copies of your own books. You could promise to thank patrons on your blog or to promote something of theirs in the long run.
Even if each patron only contributes a very small amount every month, it can still be a huge source of income. Have a peek at the Patreon page to get Kinda Funny, an internet movie company. They have over 6,209 patrons that means an average of only $3 a month would be a monthly income of almost $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 very 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 products. Together with Amazon FBA, you contract with a manufacturer to send everything directly to Amazon warehouses across the country.
The manufacturer is going to put everything together, package it and even set your label on it. Then you just run your advertising and sell everything from your webpage on the worlds largest internet shopping site.
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Ive got a couple of interviews on the blog from people that have started stores through Amazon FBA. A couple of them are his response making high-income incomes in less than a year so $5,000 per month is readily attainable in less than that.
Making valid passive income isnt as difficult as you might think. Some of the best passive income thoughts may take a little time to set up but can begin cash flowing within a few months and will offer a consistent monthly income for many years or longer. The most important point is just to begin.