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Another investment that I emphasized recently was p2p lending through Lending Club. Ive been investing in p2p for a few decades now and have reserved returns just under 10%. Now that may not sound great against double-digit stock returns but its dual what you get from other 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 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 each $10,000 invested. Now thats a year so youll need a bit invested to create that $5,000 a month but even a little portfolio will constantly be putting cash in your account. You get 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 pick the standards for loans in which you want to invest and the program does the rest. It will search for loans daily that fulfill those factors and mechanically invest your money. Its important because 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 automated investing tool on Lending Club makes the investment completely passive. I could only check in on my account once per month or even more often. I know that app is going to keep investing my money for a secure and passive return.
Our next passive income notion is another twist on crowdfunding called Patreon. The website is promoted as a crowdfunding site for creative people like artists and writers but its own for anyone with a side-hustle idea.
Patreon is actually how the arts used to operate hundreds of years ago. Back during the renaissance, artists utilized to ask the wealthy for their patrons to support their work through regular contributions.
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So now the site Patreon gives you the opportunity to get patrons to your own works. You construct a community of people interested in your job, another usage 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 off empty-handed, you offer rewards and copies of this job. So to get a writer, you could offer copies of your own books. You can promise to thank patrons on your blog or to promote something of theirs in the long run.
Even if every patron only contributes a very small amount every month, it can still be a massive source of income. Take a peek at the Patreon site to get Kinda Funny, an internet movie company. They have over 6,209 patrons which means an average of just $3 a month are a monthly income of nearly $19,000 and 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 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 dollars for manufacturing, marketing, logistics, everything that went into selling products. Together with Amazon FBA, you contract with a manufacturer to send everything straight to Amazon warehouses across the country.
The manufacturer is going to put everything together, pack it and even put your tag on it. Then you simply run your advertising and market everything from your page on the worlds biggest internet shopping site.
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Ive got a couple of interviews on the blog from folks that have started stores through Amazon FBA. Some of them are making six-figure incomes in less than a year so $5,000 a month is readily achievable in less than that.
Making valid passive income isnt as difficult as you may think. Some of the very best passive income thoughts may take a little time to set up but can start money flowing within a few months and will provide a consistent monthly income for years or more. The most important point is just to get started.