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I started my own websites in December 2014 and broke $5,000 per month just a couple of decades later. I averaged $5,500 through 2017 and thats not including side holiday work I did freelancing.
Blogging is going to take work starting out. That route to $5,000 per month didnt happen overnight but just like real estate development, it build up an asset that now generates constant cash flow if I work or not. I receive over 30,000 visitors a month from Google search rankings, rankings that'll continue to send visitors even when I take a little time off. .
Now Im working on a video to share five secrets to starting a website that Ive learned within the last four years from how to boost visitors to the simplest ways to earn money so make sure you subscribe to this channel so that you dont miss it when it comes outthere. .
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The biggest secret to success in this passive income source though, is to simply begin. There are variables like website age that play into getting ranked on Google and the sooner you begin, the better.
You can begin your website for less than $5 a month with Blue Host and spend only a couple of hours every week to build it while you wait for it to begin producing that income you can count on.
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Ill leave a link to a special offer by Blue Host below. Dont wait until you need the extra money to begin your blog. I was making a grand a month off my sites within a year of launching even though your site isnt big enough to replace your job, a grand a month is still pretty nice to get a mainly passive income source. .
I spoke about this next passive income idea in a recent movie on the five investments which helped me earn money while stocks were crashing. Remember 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 start in property investing Check out this video where I show the four secrets I learned over 20 years as a property investor. Four measures to take that can guarantee your success! See the movie here on YouTube.
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I started my professional career as a commercial real estate analyst and Ive managed my own rental properties so real estate has always had a special spot in my portfolio. No other asset has created as much long-term prosperity as property.
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 holds a collection of properties but more like crowdfunding in its management. The fund has paid a 10% annualized return since inception and is a great way to increase your real estate exposure. .
The stREITwise 1st stREIT Office REIT invests in high quality office properties and as of the date of this video, has paid a check my source 10% annualized dividend. The fund is managed by seasoned real estate professionals that have acquired or managed around $5.4 billion in land and across all property types.
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So real estate crowdfunding is just the crowd meets property investing. Developers and investors list their properties on a crowdfunding system which reviews the investment and the project owners. This is a thorough review and only around 5% of those projects ever make it on to the PeerStreet platform which is where I do most of my investing. .
You can invest as little as $1,000 in every property that means you can build up a portfolio of different property types and in different areas for this diversification. In addition, you get professional management of the projects. The project owners send all debt or equity payouts through the platform and it gets passed on to investors. .
Since these are longer-term jobs, short-term economy hiccups shouldnt affect them. Real estate costs may follow the economy somewhat but there is still that natural demand from homeowners and business users so that affirms prices.