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Passive income ideas are my favorite topic and I’ve found seven sources of residual income that you can use to make $5,000 a month. This detailed passive income tutorial will walk your through each but use the resource guides I’ve linked below for more information.
I start out with the fastest and easiest passive income sources, two websites that will make you money immediately. You won’t get rich from these two sources of online income but you won’t have to do much anyway.
See how to get started on Swagbucks and get this free $5 bonus:
https://peerfinance101.com/swagbucks-review-legit/
Start making money online for everyday shopping, earn up to 25% cash back – https://peerfinance101.com/topcashback-review/
Next I talk about my favorite passive income source, blogging, and how I made over $60,000 last year on less than 20-hours a week. Blogging doesn’t start out as passive income but it can be one of the best income generating assets after you get started.
Get your blog started today with this special, risk-free offer from Blue Host https://myworkfromhomemoney.com/bluehost
I also talk about two of my favorite alternative investments that have helped me stop chasing the stock market. Real estate crowdfunding and p2p investing are great passive income investing ideas compared to traditional real estate or fixed-income.
Real estate crowdfunding gives you all the returns of property investing but none of the headaches. You get professional management which means passive income profits. Learn more about passive income real estate investing https://mystockmarketbasics.com/real-estate-crowdfunding-good-investment/
I love the constant cash flow I get from peer-to-peer lending and have talked about it often on the channel. I make 10% returns annually and it’s completely passive. With the automated investing tool on Lending Club, I don’t have to worry about reinvesting my money because the computer does it all for me. Which one of these three p2p investing strategies works best for you? https://mystockmarketbasics.com/lending-club-investing-strategy/
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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.
Watch this video next, the four sources I use to make over $6,000 a month blogging https://www.youtube.com/watch?v=Tq4aLUXA-Lo&list=PLjsZ3KrTlZoy11xMsT3pb0ne2osqyMw3h&index=2
Blogging may not be as passive as some of these other income sources but it will build to be a steady stream of cash. I've only had my own blogs for about four years and they get consistent views every month from Google and constant residual income.
My favorite sources of passive income are dividend income & real-estate income (with a property manager in place).
These are a lot of great ideas I have not heard of before. Thanks!
Cash Back are not Passive income, you end up buying more items that you no need spending money to a get a discount or cash back the retailer makes money by make you buy and then you get addicted to buy things and make you a shopaholic
I prefer the term residual income over passive. Passive is misleading. People think they do some simple thing and money rolls in. No it requires a lot of work with no rewards for a long time
I was wondering if the small amounts of money that you can get back from sites like EBates is taxable?
Survey and cashback are not passive income people. I can't trust this guy. He looks very hardworking person even he looks always dream about money when he sleeps every single time.
How is doing surveys for $2/ hour passive?
You're helping people to make money, and they complain. I liked it
Well I have to say, before you criticize this guy because he's promoting how to make 2 bucks an hour and wears a Bow Tie, you should check out the wealth of information he's posted on this video!
Yeah… cash back is NOT passive income.
Great content.