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Another investment I highlighted 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 fantastic against double-digit stock returns but its double what you get from additional fixed-income investments.

Investing in loans is nothing new. In fact, I guarantee you have money in them through any pension plan or insurance. You see banks sell their loans to investors who need reliable cash flow so their biggest 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 year so youll need quite a bit invested to make that $5,000 a 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 like about p2p investing on Lending Club is the websites automated investing instrument. You pick the criteria for loans in which you want to invest and the application does the rest. It will look for loans every day that fulfill those variables and automatically 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 gets the investment completely passive. I could only check in on my account once a month or even less often. I know that program is going to keep investing my money for a secure and passive return.

Our next passive income notion is another twist on crowdfunding known as 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 really how the arts used to operate hundreds of years ago. Back during the renaissance, artists utilized to ask the wealthy to be their patrons to support their work through regular contributions.

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So now the website Patreon gives you the opportunity to acquire patrons for your own works. You construct a community of individuals interested in your work, another usage of a site that will double-duty for this passive income plan, and then request them to make contributions each time you create something. .

Now patrons dont come off empty-handed, you provide rewards and copies of the work. So to get a writer, you might offer copies of your books. You can promise to publicly thank patrons on your site or to promote something of theirs in the long run.

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

Our past passive income source is creating he said your own brand and selling via Amazon FBA. This really 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 dollars for manufacturing, marketing, logistics, everything that went into selling products. Together 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 simply run your advertising and sell everything from the page on the worlds biggest internet shopping website.

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

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Ive got a couple of interviews on the blog from people that have started shops through Amazon FBA. A couple of them are making high-income incomes in less than a year so $5,000 per month is readily achievable in less than that.

Making legitimate passive income isnt as hard as you might think. A number of the best passive income ideas might take a little time to install but can start money flowing within a few months and will offer a consistent monthly income for years or more. The most important point is simply to get started.

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