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

Investing in loans is nothing new. In reality, I guarantee you already have money in them via any pension plan or insurance. You see banks sell their loans to investors that need reliable money flow so their biggest buyers of loans are pensions and insurance companies.

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I average just under 10% annually on the loans about $1,000 on every $10,000 invested. Now thats a year so youll need quite a bit invested to create that $5,000 a month but even a small portfolio will constantly be putting cash in your account. You receive paid principal and interest monthly on your loans so its a fantastic cash flow investment. .

What I enjoy about p2p investing on Lending Club is the sites automated investing instrument. You decide on the standards for loans in which you want to invest and the application does the rest. It will look for loans every day that fulfill those variables and automatically invest your money. Its important as youre collecting money on your loan investments every day so that you want that money reinvested as soon as possible. .

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The automated investing tool on Lending Club makes the investment entirely passive. I might only check in on my account once per month or even less often. I know that app is going to keep investing my money for a stable and passive return.

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

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

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So now the site Patreon provides you the opportunity to acquire patrons to your own works. You build a community of individuals interested in your job, another use of a site that does double-duty for this passive income plan, and then request them to make contributions every time you produce something. .

Now patrons dont come off empty-handed, you provide rewards and copies of the job. So to get a writer, you might offer copies of your books. You can 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 each month, it can still be a massive source of income. Take a look at the Patreon site to get Kinda Funny, an internet video company. They've over 6,209 patrons that means an average of only $3 a month would be a monthly income of almost $19,000 plus they get cheerleaders which are always pleased to spread the word on their brand. .

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

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It used to be that you needed hundreds of thousands of bucks for manufacturing, marketing, logistics, everything that went into selling solutions. Together with Amazon FBA, you contract with a manufacturer to ship like it everything directly to Amazon warehouses across the country.

The manufacturer is going to put everything together, package it and even set your tag on it. Then you just run your advertising and sell everything from your page on the worlds largest internet shopping site.

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Amazon FBA gives you the opportunity to compete with all the biggest names in retail. Always wanted to start a toy company, proceed over Hasbro. Want a line of jeans with your name stitched across the pocket, so you can now get started for only a few thousand in inventory.

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Ive got a few interviews on the blog from folks who have started stores through Amazon FBA. A couple of them are making high-income incomes in less than a year so $5,000 per month is readily achievable in less than that.

Making legitimate passive income isnt as hard as you may think. A number of the very best passive income ideas might 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 begin.

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