Passive income ideas are Joseph’s favorite topic and he’s found seven sources of residual income that you can use to make $5,000 a month. This detailed passive income tutorial will walk you through each but use the resource guides Joseph has linked below for more information. He starts out with the fastest and easiest passive income sources, two websites that will make you money immediately. You won’t get rich from these two sources of online income but you won’t have to do much anyway.
Bob Withers
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Next Joseph talks about his favorite passive income source, blogging, and how he made over $60,000 last year on less than 20-hours a week. Blogging doesn’t start out as passive income but it can be one of the best income generating assets after you get started.
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Joseph also talks about two of his favorite alternative investments that have helped him stop chasing the stock market. Real estate crowdfunding and p2p investing are great passive income investing ideas compared to traditional real estate or fixed-income. Real estate crowdfunding gives you all the returns of property investing but none of the headaches. You get professional management which means passive income profits.
CLICK HERE to Learn more about passive income real estate investing
Joseph loves the constant cash flow he gets from peer-to-peer lending and have talked about it often on the channel. He makes 10% returns annually and it’s completely passive. With the automated investing tool on Lending Club, he doesn’t have to worry about reinvesting his money because the computer does it all for him.
CLICK HERE to Learn Which one of these three p2p investing strategies works best for you?
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