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

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

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I average just under 10% annually on the loans so about $1,000 on every $10,000 invested. Now thats a calendar year so youll need a bit invested to make that $5,000 per month but even a little portfolio will constantly be putting money in your account. You get paid principal and interest monthly on your loans so its a great cash flow investment. .

What I enjoy about p2p investing on Lending Club is the sites automated investing instrument. You decide on the standards for loans in which you want to invest and the application does the rest. It will search for loans every day which fulfill those variables and mechanically invest your money. Its important because youre collecting money on your loan investments daily so that you want that money reinvested as soon as possible. .

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The automatic investing tool on Lending Club makes the investment entirely passive. I might only check in on my account once a month or even more 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 site for creative people like artists and writers but its own for anyone with a side-hustle notion.

Patreon is actually how the arts used to work hundreds of years back. Back during the renaissance, artists utilized to ask the rich to be their patrons to support their work through regular contributions.

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So now the site Patreon provides you the opportunity to acquire patrons to your own works. You construct a community of individuals interested in your job, another usage of a site that will double-duty with this passive income strategy, and then request them to make contributions each time you produce something. .

Now patrons dont come away empty-handed, you offer rewards and copies of the work. So for a writer, you could offer copies of your own books. You can promise to thank patrons on your blog or to market something of theirs in the long run.

Even if each patron only contributes a very small amount every month, it can still be a huge source of income. Take a look at the Patreon page to get Kinda Funny, an internet movie company. They've over 6,209 patrons that means an average of just $3 a month would be a monthly income of almost $19,000 see and they get cheerleaders that are always happy to spread the word on their brand. .

Our last passive income source is creating your own brand and selling through Amazon FBA. This is one of the very exciting income thoughts Ive seen in years. Amazon FBA makes it effortless to start your own retail company, to sell your own products.

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It used to be that you needed hundreds of thousands of bucks for manufacturing, marketing, logistics, everything that went into selling products. With Amazon FBA, you contract with a manufacturer to send everything directly to Amazon warehouses throughout the country.

The manufacturer is going to put everything together, package it and even put your tag on it. Then you just run your advertising and market everything from the webpage on the worlds largest internet shopping website.

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Amazon FBA gives you the opportunity to compete with all the biggest names in retailstores. Always wanted to start a toy company, proceed over Hasbro. Want a line of jeans with your name stitched across the pocket, so you can now begin for just a couple of thousand in inventory.

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Ive got a few interviews on the site from folks that have started stores through Amazon FBA. A couple of them are making six-figure incomes in less than a year so $5,000 a month is readily attainable in less than that.

Making legitimate passive income isnt as hard as you may think. Some of the very best passive income thoughts might take a little time to set up but can start cash flowing within a couple of months and will offer a consistent monthly income for many years or more. The most important point is just to begin.

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