A Biased View of Passive Income In Hong Kong - Passive Income Ideas
But, youll probably still get monthly or quarterly payments, depending on which investment opportunity you choose.6. Purchase your first investment propertyRoofstock  Investing in rental properties is one of these passive income ideas which can be particularly intimidating, particularly when it comes to finding tenants. Roofstock lets you buy properties with as few as 20% down which currently have tenants living in them.
You dont even need to physically visit the properties!This is an perfect strategy should you reside in an area where real estate costs are too large to invest in, or you dont want the hassle and expense of traveling all around the country visiting potential properties. Plus, if you are new to single-family property investing, letting a spot like Roofstock guide 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 deal with the day-to-day landlord jobs such as collecting rent and scheduling maintenance.See Also: A Modern Way to Invest in Commercial Property Estate together with Equity MultipleAnother option: Consider starting your own real estate investment group.
According to Joseph Hogue, CFA from PeerFinance101.com, The common bond in most property investing classes is that one can help each other compete against the big money players to acquire the best returns.Other Passive Income InvestmentsWhen most people think of investing opportunities, they think of shares, bonds, and precious metals.
Gone is the day of mountains of paperwork, higher brokerage fees and unattainable account minimums. Now you can invest on your own terms.7. Invest in dividend paying stocksAlly Invest  The earliest of passive income ideas, investing in stocks that pay quarterly dividends is still one of the most effective methods to generate cash without much work.Lets say you purchase shares of Colgate-Palmolive inventory.
Things about Passive Income Ideas In Hong Kong
Over the previous seven decades, Colgate-Palmolive has paid between $0.34 and $0.68Â per quarter to get every single share owned by stockholders.Depending on your long-term investment strategy, you may want to re-invest these dividends. But if youre strictly looking for passive income ideas, youd also do nicely pocketing the cash.If youre new to investing, Ally Invest has free courses you can take.
You can even check out this list of the best investment apps.8. Peer-to-Peer LendingLending Club  If you want a higher than average return on your investment, and youd like to feel just like youre contributing to society, Lending Club allows you to do both. Lending Club takes your investment and enables people to borrow to start businesses, consolidate debt, and cover medical care.Heres the way Lending Club works: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 YOURURL.com little as 25Get paid: Receive monthly payments as borrowers repay their loans99percent of Lending Club investors using a 100+ note portfolios earn favorable returnsReinvest payments or withdrawProsper Like Lending Club, Prosper is also a peer lending lending bunch, but it's a twist.
Again, the return is based on the amount of risk youre willing to take on, but I love just how transparent the stage is.For each loan, you get to find the risk rating. The very low risk / low return AA loans yield just over 4%, and it moves all the way down the line into the high-risk category, which can pay 30% or more.You also get to see specific information about each loan, including exactly what the debtor is using it for, the state they live in, how long the pay-off period is, what the monthly payments are, and exactly official source what speed the borrower will pay.
Everything about Passive Income In Hong Kong - Passive Income Ideas
Butonce you get these up and running, you can take your foot off the gas and really earn a living online, while you sleep.10. Affiliate marketingYouve likely heard of affiliate marketing before its when you earn a commission by promoting a product. The product you promote online ought to be something youre knowledgeable about and that you think is top quality.
You can either form an affiliate relationship with a specific company (either directly or through a commission platform like Commission Factory, RewardStyle or ShareASale), or you can sign up as an Amazon affiliate. I recommend both!Sounds good in theory, right But how can you actually get startedYoull need a blog.
