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P2P lending can be a bit insecure, but there's potential for a fairly good return on your investment. In case youre interested you should take the opportunity to educate yourself and make sure that you understand all of the particulars. Peer-to-Peer Lending 101 from Great Financial Cents is an excellent starting point. .
Real estate crowdfunding sites allow you to invest in property without all of the headaches that typically go along with owning property. You dont have any of the job, you merely invest and take on a few of the risk.
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This is a very common investment because so many people want to invest in property but dont have the time or desire to be a landlord. In addition, in many cases you can begin with a relatively modest investment.
REITs (Real Estate Investment Trust) provide another means to invest in property without the hassle of being a landlord. The REIT owns income-producing property such as office buildings, apartment complexes, shopping malls, or resorts. REITs make it possible to invest in real estate on a small scale, and also to earn a share of their income produced. .
There are several different kinds of REITs. Some are publicly traded on a stock exchange, and some are not. REITs may also be in the kind of mutual funds or ETFs.
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If youre looking for an easy way to get started with real estate investing, REITs can be an excellent option.
Of course, another option for investing in real estate would be your excellent old fashion rental home. You can buy a condo, single-family residence or multi-unit home.
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Owning rental properties can be a great source of income, but whether or not it is really passive will probably depend on a couple of factors. The more possessions you own and also the further tenants you manage, the longer you'll need to put into it. If you want it to be a passive investment that the best option is to hire a property manager. .
Here is a potentially rewarding passive income source which may be totally new to you. You can add authorized users to your own credit cards (without really giving them a card or access to your account) and be paid to do it. Individuals that are looking to improve their credit rating can get a boost in their score by piggybacking off of your payment history.
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If youve never heard of selling/renting tradelines before it probably sounds absurd and dangerous. The first concern generally involves putting yourself at risk for adding an authorized user which you dont know and hope. But the procedure only involves adding the user to your account, the card will be sent to your address and you can ruin it.
However, there is still some danger involved. The risk involves the possibility of your credit card account being closed by the issuer, because in many cases this will be violating the terms. Its not illegal, but it will violate the details of the charge card companies, so they can close your account if they know you're doing it. .
Its definitely not for everyone, but some people are making good money with very little effort. If you want to learn more I recommend reading this thread in Mr. Money Mustache for lots of information from a man who is making a few thousand dollars per month with this and its very passive. .
One of my favourite, easy additional hints ways to earn money is through credit card bonuses. Many credit cards can provide you a bonus just for signing up and for making a minimum amount my review here of purchases on the card during an introductory period. As an instance, right now Chase is offering a $150 bonus if you sign up for a Chase Freedom Unlimited card and spend $500 on the card within the first 90 my link days. If youre like me and you make most of your purchases using a credit card, then hitting $500 in 3 months is easy. .
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Now, this isnt something which you can do all the time, but you can sign up to get a new credit card two a year, depending on your situation. Ive made hundreds of bucks all the previous two or three years with this approach.
Don't go overboard. Opening too many new credit accounts in a brief period of time can damage your ability to get credit when you need it.