The Definitive Guide to Passive Income In Hong Kong
However, youll probably still get monthly or quarterly payments, depending on which investment opportunity that you choose.6. Buy your first investment propertyRoofstock  Investing in rental properties is one of those passive income ideas which can be extremely intimidating, especially when it comes to finding tenants. Roofstock enables you to buy properties with as few as 20% down that already have tenants living in them.
You dont even need to physically visit the properties!This is an perfect strategy if you reside in an area where property costs are too high to invest in, or you dont want the hassle and expense of traveling all over the country visiting potential properties. Plus, if you're new to single-family real estate investing, letting a place like Roofstock direct you through the course of action is a great way to get your feet wet.Once you buy the house, theyll pair you up with one of their vetted property managers to manage the day-to-day landlord jobs like collecting rent and scheduling maintenance.See Also: A Modern Way to Invest in Commercial Real Estate with Equity MultipleAnother option: Consider starting your own real estate investment group.
According to Joseph Hogue, CFA in PeerFinance101.com, The common bond in all real estate investing classes is that one can help each other compete against the big money players to get the very best returns.Other Passive Income InvestmentsWhen many people think of investing opportunities, they think of stocks, bonds, and valuable metals.
Gone are the days of mountains of paperwork, high broker fees and unattainable account minimums. Now you can invest on your own terms.7. Invest in dividend paying stocksAlly Invest  The oldest of passive income thoughts, investing in stocks that pay quarterly dividends is still one of the best methods to generate cash without much work.Lets state you purchase shares of Colgate-Palmolive inventory.
Examine This Report about Passive Income In Hong Kong
Over the past seven years, Colgate-Palmolive has paid between $0.34 and $0.68Â each quarter to get every single share owned by stockholders.Depending on your long-term investment plan, you may want to re-invest these dividends. But if youre strictly looking for passive income thoughts, youd do well pocketing the cash.If youre new to investing, Ally Invest has free classes you can take.
You can also check out this listing of the ideal investment apps.8. Peer-to-Peer LendingLending Club  If you want a higher than average return on your investment, and youd like to feel like youre contributing to society, Lending Club allows you to do both. Lending Club takes your investment and allows people to borrow to start businesses, consolidate debt, and pay for medical care.Heres how Lending Club functions:Open an account and transfer as small as a $0.01 minimum initial deposit.Build your portfolio: Invest in a range of loans in increments as small as 25Get paid: Receive monthly payments as borrowers repay their loans99percent of Lending Club investors using a 100+ note portfolios earn positive returnsReinvest payments or withdrawProsper Like Lending Club, Prosper is also a peer-to-peer lending group, but it's a twist.
Again, the yield is based on the amount of danger youre willing to carry on, but I adore just how transparent the stage is.For each loan, you have to find the risk rating. The low risk / low return AA loans yield just over 4%, and it moves all of the way down the line into the insecure category, which can pay 30 percent or more.You also get to view certain details about each loan, including what the debtor is using it for, the state they reside in, how long the pay-off interval is, what the monthly payments are, and what rate the borrower will pay.
Excitement About Passive Income In Hong Kong
Butonce you get these up and running, you can take your foot off the gas and actually earn a living online, all while you sleep.10. Affiliate marketingYouve likely heard of affiliate marketing before like this its when you earn a commission by promoting a product. The product that you market online should be something youre knowledgeable about and that you think is high quality.
You can either make an affiliate relationship with a specific company (either directly or via a commission platform like Commission Factory, RewardStyle or even ShareASale), or you can sign up as an Amazon affiliate. I recommend both!Sounds good in concept, right But how can you really become startedYoull need a blog.
