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Another investment I emphasized recently was p2p lending through Lending Club. Ive been investing in p2p for a couple of years now and have booked returns just under 10%. Now that might not sound fantastic against double-digit stock returns but its double what you get from other fixed-income investments.

Investing in loans is nothing new. In fact, I guarantee you have money in them via any pension plan or insurance. You see banks sell their loans to investors that need reliable cash flow so their most important 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 each $10,000 invested. Now thats a year so youll need quite a bit invested to create that $5,000 a month but even a little portfolio will constantly be putting money in your account. You receive 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 tool. You decide on the standards for loans in which you want to invest and the program does the rest. It will search for loans daily that fulfill those factors and automatically invest your money. Its important because youre collecting money on your loan investments daily so you want to have that money reinvested as soon as possible. .

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The automatic investing tool on Lending Club gets the investment entirely 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 stable and passive return.

Our next passive income idea is another twist on crowdfunding called Patreon. The site is promoted as a crowdfunding website for creative people like artists and writers but its for anyone with a side-hustle notion.

Patreon is actually how the arts used to operate hundreds of years back. Back during the renaissance, artists used to ask the wealthy to be their patrons to support their work through regular contributions.

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So now the site Patreon gives visit this site you the opportunity to get patrons for your own works. You construct a community of people interested in your work, another use of a blog that will double-duty with this passive income strategy, and then ask them to make contributions every time you create something. .

Now patrons dont come off empty-handed, you offer rewards and copies of this job. So for a writer, you might offer copies of your own books. You could promise to thank patrons on your site or to market something of theirs in the future.

Even if each patron only contributes a very small amount every month, it can still be a huge source of income. Have a peek at the Patreon page to get Kinda Funny, an internet video company. They have over 6,209 patrons which means an average of only $3 a month are a monthly income of almost $19,000 and they get cheerleaders which are always happy to spread the word on their brand. .

Our last passive income source is creating your own brand and selling via Amazon FBA. This is one of the very exciting income ideas Ive seen in years. Amazon FBA makes it easy to start your own retail company, to market your own products.

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It was that you needed hundreds of thousands of bucks 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 across the country.

The manufacturer is going to put everything together, package it and even set your label on it. Then you just 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 all the biggest names in retailstores. Always wanted to start a toy company, try these out move over Hasbro. Want a line of jeans with your name stitched across the pocket, you can now begin for only a couple of thousand in inventory.

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Ive got a few interviews go to this site on the site from folks who have started stores through Amazon FBA. Some of them are making six-figure incomes in less than a year therefore $5,000 per month is readily attainable in less than that.

Making legitimate passive income isnt as hard as you may think. A number of the best passive income ideas may take a little time to set up but can begin cash flowing within a couple of months and will offer a consistent monthly income for many years or more. The most important point is simply to get started.

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