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You can invest as little as $1,000 in each property that means that you can develop a portfolio of different property types and in different areas for that diversification. You also get professional management of the projects. The job owners send all equity or debt payouts throughout the platform and it has passed on to investors. .

Since these are longer-term projects, short-term market hiccups shouldnt affect them. Real estate costs may follow the economy a little but there's still that natural demand from homeowners and commercial customers so that supports costs.

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I researched real estate crowdfunding websites on returns and found that debt investments average around 9% whilst equity returns average 15% annually. I invest in real estate debt on PeerStreet and in debt. I enjoy investing on more than one platform since it provides me access to as many deals as possible. .

Subscribers to the channel have likely already seen the movies on our next passive income notion, self-publishing. Ive been self-publishing on Amazon since 2015 and also have 10 books that averaged $1,857 a month this past year.

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

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

So if youre doing a novel every 2 months, youll have your $5,000 a month in just over two decades and thats going to become consistent income each month even if you give up writing.

Another investment I highlighted recently was p2p lending through Lending her response Club. Ive been investing in p2p for a couple of decades now and have booked returns just under 10%. Now that might not sound great against double-digit stock returns but its double everything you get from additional fixed-income investments.

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Investing in loans is nothing new. In fact, 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 cash flow so their most important buyers of loans are pensions and insurance companies.

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 quite a bit invested to create that $5,000 a month but even a small portfolio will constantly be putting cash in your account. You get paid principal and interest monthly on your loans so its a fantastic cash flow investment. .

What I enjoy about p2p investing on Lending Club is the sites automated investing tool. You decide on the criteria for loans in which you want to invest and the application does the rest. It will look for loans daily that fulfill those factors and automatically 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 tool on Lending Club gets the investment entirely passive. I might only check in on my account once per 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 really its for anyone with a great site side-hustle notion.

Patreon is actually how the arts used to work 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 website Patreon gives you the opportunity to get patrons to your own works. You build a community of people interested in your job, another use of a site that will double-duty for this passive income plan, and then ask them to make contributions each time you produce something. .

Now patrons dont come away empty-handed, you provide benefits and copies of this job. So to get a writer, you might offer copies of your own books. You can promise to publicly thank patrons on your blog or to market something of theirs in the long run.