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Here are the 5 Best Investments of all time that pay passive income for life
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A passive income investment is something that pays you money while you sleep. The best passive income investments are ones that pay you for life without ever working or needing a job. When thinking of my income, I don’t think of my true income as money I earn from my job; instead, it’s the income I make while I sleep that I count as true income.
“What’s the best investment money can buy?”. “It depends on your financial goals”. That never made any sense to me, how can my goals be any different than yours? Isn’t the goal to make as much money as possible and be rich? Don’t we all want to know how to be a millionaire? It turns out, the answer is not so black white. With that said, this is my attempt at answering that question for my younger self. Here are the top 5 passive income investments of all time.
#5 “Alternative Investments”. Let’s start with one that you should avoid. Many people seem to think these are good investments but they aren’t. They include collectibles, coins, art, watches, etc. These investments don’t pay us passive income and involve a degree of luck beyond our control so because of that, it gets a 2/10 for the money factor. It’s easy to invest and buy for anyone around the world so it earns a high score of 8/10 (easy). Investing here to protect yourself isn’t very safe however, you risk damages, loss or theft, and your investment losing value. The safety score is 5/10. For taxes, it’s taxed a long term capitals gains rate of 28% so it gets a 4/10 for a grand total of 18/40.
#4 P2P Lending which is where you loan money to people and small businesses that were not able to get approved on loans from traditional banks. These investments are higher risk because the borrowers usually have lower credit scores. The return rate on your money is about 4-7% so I will give a solid 5/10 to both the return and risk because you can essentially pick and choose which way you want to go with both. Be careful doing this because it’s an 8/10 for difficulty meaning anyone can get started but you may never get your money back if someone defaults on their loan. Taxes are based on your income tax bracket which isn’t as good as long term capitals gains so I’ll give it a 5/10 for a grand total of (23/40).
#3 Royalties. I make around $100 a month in royalties from courses I put together since high school. The sky is the limit so the money factor is high 8/10. However, it’s difficult and not everyone can make a product people will want to buy so the it gets a 5/10 for difficulty (moderate level). Since you’re investing in yourself essentially, I think the risk is low so I’ll give it a high score of 8/10. Taxes for royalties are taxed on Schedule C under ordinary income rates so I’ll give it a 5/10. Bringing the total to 26/40.
#2 Stock Market Investing, specifically, buying dividend stocks to generate passive income. This is my all time favorite passive investment. I make around $7,500 to $8,000 a year from this one and the potential for money is an easy 8/10.
#1 Real Estate investing. If you want to make the most amount of money, as quickly as possible, with the most flexibility and balance, then real estate is the go to asset. You can buy $100 worth of real estate with only $20 down, so your money goes much farther than anywhere else giving it an 8/10. Unfortunately, it’s difficult. Dividends are much easier to start with and it takes a pretty big learning curve and much more money to start doing this. On the difficulty level – 6/10. If you can master it though, real estate can be a protection against inflation at the worst case scenario, so it’s just about as safe as a stable blue chip stock so we’ll also give it an 8/10. When it comes to taxes, you can write off just about everything when it comes to real estate. Property taxes, mortgage interest, etc. giving this a 10/10 bringing the total score to 32/40.
Honorable mentions I didn’t include are CDs, bonds, high yield savings accounts but I don’t consider them “investments” as much as just places to hold your money so it doesn’t lose value.
*None of this is meant to be construed as investment advice, it’s for entertainment purposes only. Links above include affiliate commission or referrals. I’m part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
Passive Income Companies, TOP 5 INVESTMENTS Of All Time – For Passive Income.
Is Extra Money Flowing Into Your Life?
A passive-income stream, will offer you more cash and the time to do the important things you constantly wanted to do. Aside from Amazon, there are numerous affiliate marketing programs. Are you seeking to end up being devoid of work?
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Produce Multiple Steams Of Earnings From Your Core Product-Service
In the end, people who rely solely on made income trade their time for dollars. With your trainee days coming to an end, you’ll now have little or no trainee loans to pay off. I in fact have one of the ideas half method done.
Many people would like an opportunity to earn money for extremely little work. If all the work you did paid off routinely for the rest of your life without any extra work from you, it would be nice. While this might appear like an insane concept, there are in fact many manner ins which you can make passive income monthly. This is merely income that comes no matter what you do, and needs no effort to keep. It might feel a little like getting cash free of charge, although you need to make smart financial decisions or an initial investment to get the cash. Below are some ways you can make this kind of income.
You are constantly at risk if you work and depend just on your own efforts and what you put into your work. If you lose your task you lose your passive income sources and you have no cash coming in. If you have a passive income it does not matter if you work or not, you will still get your routine income.
If you’re a web designer or designer, it’s simple to develop passive income streams. All you have to do is use the abilities that you currently have developed. Nothing new. Below are some examples of what works for the majority of people.
However there are some cons to it, it will take a very long time to set up and at the exact same time you have to masterfully place ads for your store. However with time, this little organization venture can be quite profitable certainly. So put it right up there in your list of passive income ideas.
The web supplies systems like this that are ripe for passive income. Anyone can begin a blog free of charge and after that monetize it with ads. If you can develop traffic to such a site then you can make cash from the marketing. The beauty of a system like this is that there is nearly infinite scale and a limitless amount of subjects with which to target. Not just that however you can definitely learn how to do all this free of charge merely by browsing the web.
They can make it a permanent one too. All these depends upon the skill that a person person needs to understand about the method to earn and to make income monthly as routine one. All that needs having a good amount of recurring income monthly is to have a good self determination and more than that persistence is essential in the field of passive earnings.
Passive income pertains to you from previous activities and or investments that require little or no further actions from you to keep the income coming in. The interest accrual on your deposit, dividends from priced estimate stocks, royalties from copyrights and leas from realties are some of the best kinds of passive earnings. They supply a really smart type of income earning because your income is available in with no further tangible efforts from you once the investments remain in place.
Second, use your social circles. The majority of us keep routine contact with 10-12 people. It holds true that such a system is not passive however it is quite a methods down the scale towards being passive.
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