7 Passive Income Ideas [Proven $5K a Month Fast]

Ideas for passive income are my favorite topic and I have found seven sources of residual income that you can use to earn $ 5,000 per month. This detailed passive income tutorial will guide you through each of them, but use the resource guides I have linked below to get more information.

I start with the fastest and easiest sources of passive income, two websites that will make you earn money immediately. You will not get rich with these two sources of income online, but you will not have to do much anyway.

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Next, I talk about my favorite passive income source, blogs and how I earned more than $ 60,000 last year in less than 20 hours a week. Blogs do not start as passive income, but they can be one of the best income generating assets once you start.

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I also talk about two of my favorite alternative investments that have helped me to stop pursuing the stock market. Real estate crowdfunding and p2p investment are excellent ideas of passive income investment compared to traditional real estate or fixed income.

The collective financing of real estate gives you all the benefits of investment in property, but none of the headaches. You get a professional management that means passive income gains. Get more information about real estate investment from passive income.

I love the constant cash flow I get from peer loans and I've often talked about it on the channel. I make 10% returns annually and it is completely passive. With the automated investment tool in Lending Club, I do not have to worry about reinvesting my money because the computer does everything for me. Which of these three p2p investment strategies works best for you?

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Joseph Hogue, CFA, spent almost a decade as an investment analyst for institutional firms and banks. Now it helps people understand their financial lives through debt payment strategies, investments and ways to save more money. He has appeared on Bloomberg and on sites such as CNBC and Morningstar. He holds the designation of a collegiate financial analyst (CFA) and is a veteran of the Marine Corps.

Video credits to Let’s Talk Money! with Joseph Hogue, CFA YouTube channel

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7 Passive Income Ideas [Proven $5K a Month Fast]

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