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Another investment I emphasized recently was p2p lending through Lending Club. Ive been investing in p2p for a few decades now and have booked returns just under 10%. Now that may not sound fantastic against double-digit stock returns but its double everything you get from other fixed-income investments.

Investing in loans is nothing new. In fact, I guarantee you have money in them via any pension plan or insurance. You see banks sell their loans to investors that need reliable cash 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 each $10,000 invested. Now thats a calendar year so youll need a bit invested to make that $5,000 a month but even a small 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 tool. You pick the standards for loans in which you want to invest and the program does the rest. It will look for loans every day which fulfill those variables and mechanically invest your money. Its important because youre collecting money on your loan investments every day so you want that money reinvested as soon as possible. .

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The automatic investing instrument on Lending Club makes the investment completely passive. I could 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 secure and passive return.

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

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 get patrons to your own works. You build a community of individuals interested in your work, another usage of a blog that will double-duty for this passive income plan, and then ask them to make contributions each time you produce something. .

Now patrons dont come off empty-handed, you offer benefits and copies of the job. So for a writer, you browse this site could offer copies of your books. You can promise to publicly thank patrons on your site or to promote something of theirs in the long run.

Even if each patron only contributes a very small amount every month, it can still be a massive source of income. Have a look at the Patreon page to get Kinda Funny, an internet video company. They've over 6,209 patrons which means an average of only $3 a month would be a monthly income of nearly $19,000 plus they get cheerleaders which are always pleased to spread the word on their brand. .

Our last passive income source is creating your own brand and selling via Amazon FBA. This is one of the very exciting income thoughts Ive seen in years. Amazon FBA makes it easy 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 dollars for manufacturing, marketing, logistics, everything that went into selling solutions. Together with Amazon FBA, you contract with a manufacturer to ship everything directly to Amazon warehouses throughout the country.

The manufacturer is going to put everything together, pack it and even put your label on it. Then you simply run your advertising and market everything from the webpage on the worlds largest internet shopping site.

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Amazon FBA gives 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 jeans along with your name stitched across the pocket, you can now get started for only a few thousand in inventory.

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Ive got a couple of interviews on the blog from people that have started stores through Amazon FBA. Some 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 best passive income ideas might take a little time to set up but can begin money flowing within a few months and will provide a consistent monthly income for years or longer. The most important point is simply to get started.

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