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P2P lending can be a bit insecure, but there's potential for a pretty good return on your investment. If youre interested you should take the time to educate yourself and make sure you understand all of the details. Peer-to-Peer Lending 101 from Good Financial Cents is an excellent starting point. .
Real estate crowdfunding websites allow you to invest in real estate without all of the headaches that usually go along with owning real estate. You dont have any of the work, you simply invest and take on a few of the threat.
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This is a very popular investment because so many people want to invest in real estate but simply dont have the time or desire to become a landlord. Also, in many instances you can begin with a rather modest 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 real estate such as office buildings, apartment complexes, shopping malls, or resorts. REITs make it possible to invest in real estate on a tiny scale, and also to earn a share of the income produced. .
There are many different types of REITs. Some are publicly traded on a stock exchange, and a few are not. REITs may also be in the form 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 is the excellent old fashion rental property. You could buy a condo, single-family homeor multi-unit home.
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Owning rental properties can be a great source of income, however whether or not it is truly passive will depend on a couple of factors. The more possessions you own and the more 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's a potentially rewarding passive income source which may be totally new to you. You can add authorized users to your own 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 increase in their score by piggybacking off of your payment history.
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If youve never heard of selling/renting tradelines before it likely sounds ridiculous and dangerous. The first concern generally involves putting yourself at risk for adding an authorized user which you dont know and hope. But the process only involves adding the consumer to a account, the card will be sent to your own address and you can ruin it.
However, there's still some risk involved. The threat involves the possibility of your charge why not find out more card account being closed by the issuer, because in most situations this is going to be violating the conditions. 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 are doing it. .
Its definitely not for everyone, but some folks are making good money with hardly any work. If you want to learn more I recommend reading this thread in Mr. Money Mustache for lots of details from a man who's making a couple thousand dollars per month with this and its very passive. .
One of my favorite, simple 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 of purchases on the card during an introductory period. For 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 days. If youre like me and you make the majority of your purchases with a credit card, hitting $500 in 3 months is simple. .
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Nowthis isnt something which you can perform all of see this website the time, but you can sign up for a new credit card or 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.