Passive Income Ideas In Philippines for Dummies
The greatest secret to success in this passive income source though, is to just get started. There are factors like site age that play into getting ranked on Google and the sooner you get started, the better.
You can start your site for less than $5 a month with Blue Host and spend just a couple of hours every week to assemble it while you wait for it to start 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 extra money to start your own blog. I was making a grand a month off my websites within a year of launching even if your blog isnt large enough to replace your work, a grand a month is still fairly nice for 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 thatback in February when the stock market plunged 10% within two months I came out ahead because I had real estate crowdfunding and p2p lending to smooth out my portfolio. .
Want to get started in property investing Check out this video where I show the four secrets I learned over 20 years as a property investor. Four measures to take that will guarantee your success! See the video 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 property.
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There are a couple of problems with direct investment in real estate though. Its expensive to buy even a single property, a minimum of tens of thousands of dollars, and theres no way most investors can create a portfolio of different land types and in different regions to shield from these 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 like a real estate investment trust in that it retains 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 property exposure. .
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The stREITwise 1st stREIT Office REIT invests in high-quality office properties and as of this date of the 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 in land 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 this diversification. In addition, you get professional management of those jobs. The project 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 prices may occur after the economy somewhat but there is still that natural demand from homeowners and commercial customers so that supports costs.
I surveyed property crowdfunding websites on returns and found that debt investments average around 9% while equity returns this post average 15 percent 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 possible. .
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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 books that averaged Passive Income Ideas in Philippines $1,857 a month this past year.
Before you think you cant write a novel, anyone can do this and it is so simple. In reality, self-publishing is a natural match for bloggers since youre already writing the content. All you have to do is reformat it and turn it into a publication for another income source.
Im making an average of $185 per month on each book and you can generate a new book every few months when youre really concentrated. The very best thing about self-publishing is that once you get it printed on Amazon, theres nothing left to perform. I spend roughly $20 per month on advertising for every publication and thats it. .