Another benefit of investing in rental properties is the loan pay down. If you obtain a loan to buy the property, each month your tenants are paying off part of the loan. Once the mortgage on the property has been paid off, your cash flow will increase dramatically, allowing your mediocre investment to skyrocket into a full-fledged retirement program.
Index funds are a type of mutual funds that provide you with a way to invest in the stock market that is based on the S&P 500 Index. This allows you to stay completely passive for generating income. Your money will be invested in the stock market, without having to concern yourself with choosing investment options, rebalancing your portfolio, or knowing when to sell or buy shares of individual companies. All that will be handled by the fund which will base the fund portfolio on the makeup of the underlying index.

Bankrate.com is an independent, advertising-supported publisher and comparison service. Bankrate is compensated in exchange for featured placement of sponsored products and services, or your clicking on links posted on this website. This compensation may impact how, where and in what order products appear. Bankrate.com does not include all companies or all available products.
Blogging is still going to take work starting out. That path to $5,000 a month didn’t happen overnight but just like real estate development, it build up an asset that now creates constant cash flow whether I work or not. I get over 30,000 visitors a month from Google search rankings, rankings that will continue to send traffic even if I take a little time off.

Flynn, who blogs at Smart Passive Income and discusses his secrets at the Smart Passive Income podcast, defines passive income as “building online businesses that take advantage of systems of automations that allow transactions, cash flow and growth without requiring a real-time presence. We don’t have to trade our time for money one to one. Instead, we invest our time upfront, creating valuable products and experiences for people, and we reap the benefits of that time invested later,” he says, adding, “It’s not easy. I just want to make sure that’s clear.”

I rent out two single family homes. You need to learn about how to analyze your return on investment, get the places rented, and deal with repairs, problem tenants, among other things. If you don’t do your research, you could easily lose money. I have to spend a few days a year managing things, checking up on the properties, finding new tenants, but it is effectively passive. I buy in areas near big universities with stable real estate markets so there is always a fresh crop of new people moving into the neighborhood.

Whether you know how to flawlessly apply eye makeup or build a wooden shelving unit, you can create an online course or video for others to follow. Websites like Udemy and Teachable allow you to build a course, such as how to learn a new language or write a cover letter. Once you build your course and set the price, there’s little work to be done. You’ll receive residual income from each person who signs up to take your course.
Problems donating? | Other ways to give | Frequently asked questions | We never sell your information. By submitting, you are agreeing to our donor privacy policy. The Wikimedia Foundation is a nonprofit, tax-exempt organization. If you make a recurring donation, you will be debited by the Wikimedia Foundation until you notify us to stop. We'll send you an email receipt for each payment, which will include a link to easy cancellation instructions.

Keep in touch your contacts from time to time and keep them updated. Also, with an email marketing campaign, you are branding yourself and creating authority as well. If you take care of email list, this will add so much value to your blog. If you need, offer some free advice to improve your scope.  A free product now and then will also help maintain interest and drive retention.  Building relationships with email marketing is a huge way to gain trust and long-term customers!
Haha, that is too funny. I wanted to make an app back in the day called “MyShares” (You can probably tell how I cam up with the name at the time). The idea was that I would loan out books and DVD’s and then would never get them back. Then I thought, how cool would it be if I could rent those items out and that would motivate people to bring them back. Obviously, books and DVD’s are cheap, so this isn’t the money maker. The idea that would probably make the most money would be things like tools, ATVs, etc.
Basically, people looking to borrow money will make a listing on the site. Those borrowers are then placed into a category and given a “rating” based on their credit history and rate. You, as an investor, will contribute money to these loans and then be paid back at the predetermined rate of interest. Invest and see those monthly interest payments deposited into your account.
Once you start to see some success, don’t be led astray by the money. While Flynn does use affiliate marketing to make money, he only ever recommends products that he has personally used and likes. He is inundated by offers to earn $50 per sale through commission on products he has never even tried. “I’m like, ‘I don’t even know you, I don’t know what this product can do, and I don’t know if this product will help my audience.’ I only use products I’ve used before, because that trust you have with your audience is the most important thing in the world.” He says if you do recommend a product for the incredible commission but your audience has a bad experience with it, your credibility will be shot.
With the above-mentioned residual income ideas, you’re assured that you be financially free from problems. This is due to the fact that these ideas can truly help you out to acquire a huge amount of residual income. But, remember not to limit yourself to the above-mentioned ideas since there are still lots of ideas you may invest in depending on your situation.

Index funds are a type of mutual funds that provide you with a way to invest in the stock market that is based on the S&P 500 Index. This allows you to stay completely passive for generating income. Your money will be invested in the stock market, without having to concern yourself with choosing investment options, rebalancing your portfolio, or knowing when to sell or buy shares of individual companies. All that will be handled by the fund which will base the fund portfolio on the makeup of the underlying index.


I’m feeling inspired! I’ve been a PT for 19 years and I feel I have so much experience to offer but have been so intimated by starting a blog. I also subscribed to Michelle’s website but wasn’t sure it was for real. Is it for real? After reading this I feel like it’s time to take the plunge, I need to start a blog, I have so many ideas and even course ideas. I want to get away from the paperwork that plagues our healthcare system but not leave the field so the blog just might be the answer. I’ve been a landlord for 15 years now, great investment for sure, renters paid for the down payment of our house and should hopefully help pay for our kids college. I’d love to have one more! Thank you for the inspiration, wish me luck with my blogging!
One of the most appealing options, particularly for millennials, would be #12 on your list (create a Blog/Youtube channel). The videos can be about anything that interests you, from your daily makeup routine (with affiliate links to the products you use), recipes (what you eat each day) or as you mention, instructional videos (again with affiliate links to the products you use). Once you gain a large following and viewership, you can earn via Adsense on YouTube.
Further, the clarified order awarded Karen sixty percent of the residual income that was earned from the income and commissions generated by the brokers within the first category, and after the date of divorce. However, the order also stated that Karen was not entitled to any of the residual income generated by the second or third category. Brad filed for a new trial, but the trial court denied it. He appealed, and the appeals court ultimately affirmed the trial court’s clarified order.
There are many people who get paid vast amounts of money to become the CEO of a company, play professional sports, or star in a movie. Earning a high active income is often a lot of hard work and requires a dedication beyond most of us. It’s also limited because no matter how much money you get paid you still need to show up to work to earn your money.
×