Passive Income In Hong Kong - Passive Income Ideas for Beginners
However, youll most likely still receive monthly or quarterly payments, depending on which investment opportunity you choose.6. Purchase your initial investment propertyRoofstock Investing in rental properties is one of those passive income thoughts that 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 have to physically go to the properties!This is an perfect strategy should you reside in an area where property prices are too high to realistically invest in, or you dont want the hassle and expense of traveling all over the country visiting potential possessions. Additionally, if you are new to single-family real estate investing, letting a spot like Roofstock guide you through the process is a terrific way to get your feet wet.Once you buy the house, theyll pair you up with one of the vetted property managers to manage the day-to-day landlord jobs such as collecting rent and scheduling maintenance.See Also: A Modern Way to Invest in Commercial Property Estate with Equity MultipleAnother option: Consider starting your own property investment group.
According to Joseph Hogue, CFA in PeerFinance101.com, The common bond in most real estate investing groups is that one can help each other compete against the big money players to get the very best returns.Other Passive Income InvestmentsWhen most people think about investing opportunities, they think of shares, bonds, and valuable metals.
Gone are the days of mountains of paperwork, higher 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 ideas, investing in stocks that pay quarterly dividends remains one of the best methods to generate cash without much work.Lets state you purchase shares of Colgate-Palmolive inventory.
Indicators on Passive Income In Hong Kong - Passive Income Ideas You Need To
Over the past seven decades, Colgate-Palmolive has paid between $0.34 and $0.68 each quarter to get every single share owned by stockholders.Depending on your long-term investment plan, you may want to re-invest those dividends. But if youre strictly looking for passive income ideas, youd do well pocketing the cash.If youre new to investing, Ally Invest has complimentary courses you can take.
You can also have a look at this list 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 lets you do both. Lending Club takes your investment and enables 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 debtors repay their loans99% of Lending Club investors using a 100+ note portfolios earn favorable returnsReinvest payments or withdrawProsper Like Lending Club, Prosper is also a peer-to-peer lending group, but it has a twist.
Again, the yield is based on the amount of risk youre willing to take on, but I love how transparent the platform is.For each loan, you get to find the risk rating. The low risk / low return AA loans yield just over 4%, and it goes all the way down the line to the high-risk category, which can pay 30% or more.You also get to view certain information about every loan, including exactly what the debtor is using it for, the state they reside in, how long the pay-off interval is, exactly what the monthly payments are, and exactly what rate the borrower will pay.
Passive Income Ideas In Hong Kong - Questions
Butonce you get these up and running, you can take your foot off the gas and really make a living online, while you sleep.10. Affiliate marketingYouve probably heard of affiliate marketing before its my latest blog post when you earn a commission by promoting a product. The product that you promote online ought to be something youre knowledgeable about and that you think is high quality.
You can either make an affiliate relationship with a certain company (either directly or through a commission platform such as Commission Factory, RewardStyle or ShareASale), or you can sign up as an Amazon affiliate. I recommend both!Sounds good in concept, right But how do you actually get startedYoull need a blog.
Since most mattress companies pay a 5 percent commission and the average cost of a decent excellent bed sold on the Internet is approximately $1,000, I would make $50 each time someone bought a mattress based on my recommendation.But, I need an online presence, so that I can share my knowledge and make recommendations.