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Another investment I highlighted recently was p2p lending through Lending Club. Ive been investing in p2p for a couple of decades now and have reserved returns just under 10%. Now that may not sound great 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 already have money in them through 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 calendar year so youll need quite a bit invested to make that $5,000 per 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 fantastic cash flow investment. .

What I like about p2p investing on Lending Club is the websites automated investing instrument. You decide on the criteria for loans in which you want to invest and the application does the rest. It will search for loans daily that meet those variables and mechanically invest your money. Its important because youre collecting money on your loan investments daily so you want that money reinvested as soon as possible. .

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The automated investing instrument on Lending Club makes the investment completely passive. I might only check in on my account once a month or even more 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 called Patreon. The website is promoted 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 wealthy to be their patrons to support their work through regular contributions.

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So now the site Patreon gives you the opportunity to acquire patrons for your own works. You construct a community of people interested in your job, another use of a site that does double-duty with this passive income strategy, and then request them to make contributions each time you create something. .

Now patrons dont come off empty-handed, you offer benefits and copies of this work. So to get a writer, you might offer copies of your own books. You could promise to publicly thank patrons on your blog or to market something of theirs in the long run.

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 for Kinda Funny, an internet video company. They've 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 that are always happy to spread the word on their brand. .

Our past passive income source is creating your own brand and selling through 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 sell 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 products. Together with Amazon FBA, you contract with a manufacturer to ship everything straight to Amazon warehouses throughout the country.

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

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Amazon FBA provides you the opportunity to compete with the biggest names in retailstores. Always wanted to start a toy company, proceed over Hasbro. Want a line of blue jeans along click now with your name stitched across the pocket, so you can now get started for just a couple of thousand in inventory.

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Ive got a couple of interviews on the site from people who have begun stores through Amazon FBA. Some of them are making six-figure 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. Some of the best passive income thoughts may take a little time to set up but can begin money flowing within a couple of months and will offer a consistent monthly income for many years or longer. The most important point is just to begin.

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