Passive Income In Philippines for Dummies
The biggest secret to success in this passive income source though, is to simply begin. There are factors like site age that play into getting ranked on Google and the sooner you begin, the better.
You can start your site for less than $5 a month using Blue Host and spend just a few hours every week to assemble it while you wait for it to begin producing that income you can count on.
Ill leave a link to a particular offer by Blue Host below. Dont wait until you need the extra money to start your own blog. I was making a grand a month off my sites within a year of launching even if your site isnt big enough to replace your job, a grand per month is still fairly nice to get a mostly passive income resource. .
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I talked about this next passive income notion in a recent video on the five investments that let me make money while stocks were crashing. Bear in mind that, back in February when the stock market plunged 10% within 2 weeks I came out ahead because I had property crowdfunding and p2p lending to smooth out my portfolio. .
Want to get started in real estate investing Check out this video where I show the four secrets I learned more than 20 years as a property investor. Four steps to choose that will guarantee your success! Watch the movie below on YouTube.
I started 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 land.
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There are a couple problems with direct investment in real estate though. Its expensive to buy even a single house, a minimum of tens of thousands of dollars, and theres no way many investors can build a portfolio of different property types and in different regions to shield from those risks when you've got 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 similar to a real estate investment trust in that it holds a collection of possessions but much more like crowdfunding in its management. The fund has paid a 10% annualized return since inception and is a great way to diversify your real estate exposure. .
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The stREITwise 1st stREIT Office REIT invests in high-quality office properties and as of this date of this video, has paid a 10% annualized dividend. The fund is managed by seasoned real estate professionals who have obtained or managed around $5.4 billion in property and across all property types.
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You can invest as little as $1,000 in every property which means you can build up a portfolio of different property types and in different regions for that diversification. You also get professional management of the projects. The job owners send all debt or equity payouts through the platform and it gets passed on to investors. .
Since these are longer-term projects, short-term economy hiccups shouldnt affect them. Real estate costs may follow the economy somewhat but there is still that natural demand from homeowners and business customers so that supports costs.
I researched property crowdfunding websites on returns and found that debt investments average around 9% while equity returns average 15% annually. I invest in real estate debt on PeerStreet and in debt. I enjoy investing on more than one stage because it gives me access to as many deals as you can. .
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Subscribers to the channel have likely already seen the movies on our next passive income idea, self-publishing. Ive been self-publishing on Amazon since 2015 and also have 10 novels that averaged $1,857 per month last year.
Before you think you cant write a book, anyone can do so and it's so simple. In fact, self-publishing is a natural fit for bloggers because youre already writing this content. All you need to do is reformat it and turn it into a publication for another income source.
Im making an average of $185 per month on every book and you can produce a new book every few months if youre really focused. The best part about self-publishing is that once you have it printed on Amazon, theres nothing left to perform. I spend about $20 a month on advertising for every book and thats it. .