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P2P lending can be somewhat insecure, but there is potential for a fairly good return on your investment. If youre interested you should take some time to educate yourself and make sure that you understand all 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 real estate. You dont have any of this job, you simply invest and take on some of the threat.
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This is a really popular investment since so many people want to invest in property but simply dont have the time or want to be a landlord. Also, in many instances you can begin with a relatively small investment.
REITs (Real Estate Investment Trust) offer another way to invest in real estate without the hassle of being a landlord. The REIT owns income-producing property such as office buildings, apartment complexes, shopping malls, or hotels. REITs make it feasible to invest in property on a small scale, and to earn a share of the income generated. .
There are several different kinds of REITs. Some are publicly traded on a stock exchange, and a few 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 start with real estate investing, REITs can be an excellent choice.
Of course, another option for investing in real estate would be your excellent old fashion rental property. You could purchase a condo, single-family homeor multi-unit property.
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Owning rental properties can be a great source of income, however if not it is truly passive will probably depend on a few factors. The more possessions you own and the further tenants you manage, the more time you will need to put into it. If you want it to be a passive investment the best option is to hire a property manager. .
Here's a potentially lucrative passive income source which could be completely new to you. You can add authorized users for your credit cards (without actually giving them a card or access for your account) and be paid to do it. People that are looking to boost their credit score can find a boost in their score by simply piggybacking from your payment history.
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If youve never heard of selling/renting tradelines until it probably sounds absurd and dangerous. The first concern generally involves putting yourself in danger for adding an Extra resources authorized user find out that you dont know and trust. But the procedure only involves adding the consumer to your account, the card will be sent to your own address and you can destroy it.
However, there's still some risk involved. The threat involves the chance of your charge card account being shut by the issuer, because in most situations this is going to be violating the terms. Its not illegal, but it will violate the terms of the charge card companies, so that they can close your account if they know you're doing it. .
Its definitely not for everyone, but a few folks are making excellent money with hardly any work. If you want to learn more I recommend reading this thread at Mr. Money Mustache for lots of information from a guy who's making a couple thousand dollars per month with this and its very passive. .
One of my favourite, easy ways to make money is by way of credit card bonuses. Many credit cards will provide you a bonus just for signing up and for making a minimum amount of purchases on the card during an introductory period. As an example, 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 days. If youre like me and you make the majority of your purchases using a credit card, then hitting $500 in 3 months is easy. .
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Nowthis isnt something that you can do all of the time, however you can sign up to get a new credit card two a year, depending on your situation. Ive made hundreds of dollars each of the past 2 or 3 years with this approach.
Don't go overboard. Opening too many new credit accounts in a short time period can damage your ability to get credit when you need it.