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The biggest key to success in this passive income source however, is to just begin. There are factors like website 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 a month using Blue Host and spend only a couple of hours every week to build it while you wait for it to begin producing that income you can count on.

Ill leave a link to a special offer by Blue Host below. Dont wait until you need the excess money to start your blog. I had been 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 job, a grand per month remains fairly nice for a mainly passive income source. .

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I spoke about this next passive income notion in a recent movie on the five investments which helped me earn money while stocks were crashing. Remember that, back in February when the stock exchange plunged 10% within two months I came out ahead because I had property crowdfunding and p2p lending to smooth out my portfolio. .

Want to start in real estate investing Check out this video where I show the four secrets I learned more than 20 years as a real estate investor. Four measures to take that can guarantee your success! Watch the movie 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 generated as much long-term prosperity as property.

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There are a couple of problems with direct investment in real estate though. Its expensive to purchase even a single house, a minimum of tens of thousands of bucks, and theres no way most investors can create a portfolio of different property types and in different regions to shield from those dangers when you have all of your money in only one or two investments. .

StREITwise offers a hybrid investment between traditional REIT fund investing and the new crowdfunding. The fund is like a real estate investment trust in that it retains a collection of properties but much more like crowdfunding in its own 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 the date of this video, has paid a 10% annualized dividend. The fund is managed by seasoned real estate professionals who have acquired or managed over $5.4 billion More hints in land and across all property types.

So real estate crowdfunding is just the crowd meets real estate investing. Developers and investors list their properties on a crowdfunding system that assesses the investment and the job owners. This is a detailed review and only around 5% of the jobs ever make it on to the PeerStreet stage which is where I do most of my investing. .

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You can invest as little as $1,000 in every property that means that you can build up a portfolio of different property types and in different areas for this diversification. In addition, you get professional management of the projects. The project owners send all equity or debt payouts throughout the system and it has passed on to investors. .

Since these are longer-term jobs, short-term economy hiccups shouldnt affect them. Real estate costs may follow the economy a little but there is still that natural demand from homeowners and commercial 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 property debt on PeerStreet and in debt. I like investing on more than one platform because it gives me access to as many deals as you can. .

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Clients to the channel have likely already seen the videos on our next passive income idea, self-publishing. Ive been self-publishing on Amazon since 2015 and have 10 novels that averaged $1,857 per month this past year.

Before you think you cant write a book, anyone can do so and it is really easy. In reality, self-publishing is a natural fit for bloggers since youre already writing this material. All you need to do is reformat it and turn it into a book for another income source.

Im making Your Domain Name an average of $185 a month on every book and you can produce a new book every few months if youre really concentrated. The very best thing about self-publishing is that once you have it printed on Amazon, theres nothing left to perform. I spend about $20 per month on advertising for each publication and thats it. .