What are some of your favorite passive income ideas? Copyright © 2018 FortuneBuilders, Inc. All Rights Reserved. And really quick, I highly recommend you subscribe to my award winning weekly podcast below. I interview top people in the industry, including people like Tim Ferriss and Gary Vaynerchuk, but also people who are successful that you’ve never heard of people – people who are just a few steps ahead of you: How Much Money is Enough? CHANNELS FREE 2-Hour Delivery June 8, 2016 at 6:03 am Your annual WAGE tends to DOUBLE every 3-4 years in many high-performance jobs, such as finance (roughly e.g., $60k starting as an analyst, $100-120k as associate in year 4, $170-200 as a VP in years 7-8, and doubling several more times as you become a Director, MD, Partner etc.) In fact, as you have more and more juniors working for you, your wage becomes “scalable” and more detached from hours worked. March 17, 2015 at 11:52 am If you’re just getting into dividend stocks and looking for something good to read, try: You mentioned in your blog “Where I am dragging is my blended average CD interest rate of roughly 3.75%. It’s guaranteed money, but one of my biggest goals is figuring out how to reinvest this large nut starting in the next two years.” I wonder what you have come up with in that regard and what was the outcome? Donate to Wikipedia Send Us a Message SPI 137: A Product Launch Sequence That Works—How to Create a 3-Part Video Series with Amy Porterfield Ah, passive income… the dream everyone with an online business wants to turn into reality. Passive income is making money while you actively work on other ventures or even while you sleep. Many passive income ideas still need a fair amount of work upfront, but after the initial effort they can start working their magic by providing a steady stream of passive income for you. Kirk Du Plessis, Option Alpha You’re such a clear and articulate writer. I don’t believe that you aren’t good at writing. :P. I’ve already read three posts! Dividend income is my favorite form of passive income. Investors own a small part of these public companies and they work for you. These days, I focus on companies that consistently grow their dividend income over the years. This strategy will ensure that our dividend income keeps growing even if we don’t add new money. Currently, we reinvest all the income from this portfolio, and we’ll use it to pay our expenses once Mrs. RB40 retires. If you’re new to dividend investing, here is a helpful post – How to Start Investing in Dividend Stocks. 3. Invest in Stocks/bonds/REITs. May 12, 2015 at 3:10 am 1| Invest In Dividend-Paying Stocks Jim says: March 19, 2015 at 9:49 am You need only start a blog, like this one that you are reading, in whatever niche you enjoy. Definitive Guide On How to Make Money Niche sites can be an incredible source of income. This is a side hustle strategy that I have been using for years!

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I’ve written a TON about my experiences with building niche sites. You can read all of the tricks I’ve learned here. February 2, 2018 at 6:36 pm […] an income producing asset when rates are this low is a suboptimal financial move. Once you sell, you’ll scratch and […] 17. Niche Websites: If blogging sounds too time intensive, then why not make a smaller one focused on one particular topic.  These types of websites are called niche sites.  This very website is example of a niche site: It is focused primarily on the topic of discussing passive income ideas.  A niche website may be as small as 5 pages (also called a micro-niche site) or as big as 100 pages.  It all depends on how much work the creator wants to put into it.  Webmasters make money from niche sites either through the advertising or by selling them at auction websites like Flippa.  The really successful ones take it to the extreme and create a portfolio of niche sites.  Think about it: If you had 10 sites each bringing in an average of $500 per month, that would be $5,000 of passive income.  Click here to learn more about creating a collection of money-making websites. a hackers guide to managing your money Additionally, there are professional property managers who can manage your property for you, usually for around 10% of the monthly rent. This professional management can make the investment much more passive, but will take a bite out of your cash flow. This one is fairly straightforward on the surface – just buy a property, find a tenant, and get some cash flow as your income exceeds your expenses. The initial capital needed can be steep, and might require a larger time commitment than other things on the list, however, the payoff can be huge and last for many years. *Sofi Disclaimer You can find pet sitting jobs on Care.com but be super aware of scammers. I have gotten four scam job offers in the last 30 days. If the offer is too good to be true, it probably is. They’ve then gone and setup a simple online store – many using Shopify – and spread the word through online networking, guest posts through an affiliate program. Continue reading > Designing Financial Freedom #1840 in Kindle Store > Kindle eBooks > Business & Money > Technology Farukh Rental properties (target $10,000) 35. Car Wash.  There is a self service car wash near my house that has both the “quarter machine” style car wash ports as well as a more sophisticated automatic washer that does all the work for you.  And in 10 years I’ve never seen one worker at this car wash.  But you can guess that over this 10 year stretch I’ve used that car wash countless times.  Whoever it is that owns that place, they’re probably making off like a bandit collecting passive income everyday from people visiting their property and pumping money into their machines. May 16, 2015 at 2:39 pm RISK: 2/10 How To Earn More Money 2. Real Estate 96% of readers found this article helpful. Crowdfunding in real estate is a great model. I know companies like Realty Mogul are doing just that, and they are filling a good niche. Most people don’t have time to dig deep into the real estate markets. So they put their money with people who have the financial education, skill sets and experience to invest in the best deals. The leverage can enhance the profit and loss margin Your machine needn’t vend some sort of food, either. Install a funky machine and fill it with unique items that blend with your business—you could package unsold stock into “surprise” boxes, stock it with little toys or branded candy. You’ll be pleasantly surprised by the extra cash it produces—anywhere from $50 to several hundred a month, depending on your clientele. What’s a REIT? Got another passive income earning idea to add to this list? Let me know by leaving a comment below. In order to relax, you must first work very, very hard! Now I know Amazon pays sweet F all (say 4-6.5% on a book that sells for $10-$30), but a dollar here and there can add up…maybe. Continue reading > If someone owned a pretzel store and a sneaker store located in malls in both Monterey, Califoria, and Amarillo, Texas, they would have four options for how to group their passive income: This post may contain affiliate links. Disclosure Setting up the store is as easy as setting up any website or blog. If you really want the easy way, you can even check out ready-made stores from providers like Shopify. Do note that because you’ll be hosting your store on Shopify’s database, Shopify gets a cut off from every sale. 1. Upsell opportunities 50+ Legitimate Work From Home Job Opportunities You can create passive income by: Contracting other trainers to run your sessions, going online with courses and trainings, selling supplements, engaging JV partners and strategic partners. Find the leverage.  alternative income streams|Read Our Reviews alternative income streams|Read Our Reviews Here alternative income streams|Simple and Effective Solutions
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