Residual Income In Malta - Passive Residual Income - Truths
TopCashBack is an online shopping money back website where you get a percentage discount on anything you buy online. Everything you do is start in the TopCashBack website then click through one of the 4,000 retailers with a money back program.
All these are everything from Nike to Home Depot and you get from 3 percent to 25% cash back on anything you purchase. Youre still shopping right on the retailers site so that you get all the other discounts and deals they provide, you just get an extra bonus for going via the TopCashBack site . .
TopCashBack is somewhat better with the average money back around 6 percent of your purchase so if you spend $1,000 online youre going for $60 back. Again, not something thats going to make you rich as you need to buy stuff to get the money back but its free money on the things you were going to buy anyway. .
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Our next passive income idea is blogging. Im not a huge fan of the term blogger because it sounds like youre only writing random notes on a site. In fact, owning your own piece of digital property is large money.
I started my own sites in December 2014 and broke $5,000 a month just a couple of decades after. I averaged $5,500 through 2017 and thats not including side holiday work I did freelancing.
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Blogging is still going to take work starting out. That route to $5,000 a month didnt happen overnight but just like property development, it build an advantage that now generates constant cash flow if I work or not. I get over 30,000 visitors a month from Google search rankings, rankings that will continue to send traffic even when I take a little time away. .
Now Im working on a movie to share five secrets to starting a blog that Ive learned within the previous four years out of how to boost traffic to the easiest ways to earn money so make sure you subscribe to the channel so you dont miss it when it comes outthere. .
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The biggest key to success in this passive income source though, is to simply get started. There are variables like website age that play into getting ranked on Google and the sooner you begin, the better.
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Ill leave a link to a special offer by Blue Host below. Dont wait until you need the excess cash to begin your blog. I was making a grand a month away from my sites within a year of launching so even though your site isnt big enough to replace your work, a grand a month remains pretty nice to get a mostly passive income resource. .
I talked about this next passive income idea in a recent movie on the five investments that let me make money while stocks were crashing. Bear in mind that, back in February when the stock market plunged 10% within 2 weeks I came out ahead because I'd real estate crowdfunding and p2p lending to smooth out my portfolio. .
Want to get started in property investing Check out this video where I show the four keys I learned over 20 years as a property investor. Four steps to take that can guarantee your success! Watch the video here on YouTube.
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I began my professional career as a commercial real estate additional resources analyst and Ive managed my own rental properties so real estate has always had a special spot in my portfolio. No other advantage has generated as much long-term wealth as land.
There are a couple problems with direct investment in real estate however. Its expensive to purchase even a single house, a minimum of tens of thousands of bucks, and theres no way many investors can create a portfolio of different land types and in different regions to protect from those risks when you have all of your money in only one or two investments. .
StREITwise provides a hybrid investment between traditional REIT fund investing and the new crowdfunding. The fund is similar to a real estate investment trust in that it retains a collection of possessions but much more like crowdfunding in its own management. The fund has paid a 10% annualized return since inception and is a fantastic way to diversify your real estate exposure. .
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The stREITwise 1st stREIT Office REIT invests in high quality office properties and as of the date of this video, has paid a 10% annualized dividend. The fund is managed by seasoned real estate professionals who have acquired or managed over $5.4 billion in land and across all property types.