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Another investment I highlighted recently was p2p lending through Lending Club. Ive been investing in p2p for a couple of decades now and have booked returns just under 10%. Now that may not sound fantastic against double-digit stock returns but its dual what you get from other fixed-income investments.

Investing in loans is nothing new. In fact, I guarantee you already have money in them via any pension plan or insurance. You see banks sell their loans to investors that need reliable cash flow so their biggest buyers of loans are pensions and insurance companies.

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I average just under 10% annually on the loans about $1,000 on each $10,000 invested. Now thats a year so youll need quite a bit invested to create that $5,000 a month but even a small portfolio will constantly be putting money in your account. You get paid principal and interest monthly on your loans so its a great cash flow investment. .

What I like about p2p investing on Lending Club is your sites automated investing instrument. You pick the criteria for loans in which you want to invest and the application does the rest. It will search for loans every day which fulfill those variables and automatically invest your money. Its important because youre collecting money on your loan investments daily so that you want to have that money reinvested as soon as possible. .

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The automated investing instrument on Lending Club makes the investment entirely passive. I could only check in on my account once a month or even more often. I know that program is going to keep investing my money for a secure and passive return.

Our next passive income idea is another twist on crowdfunding known as Patreon. The website is promoted as a crowdfunding website for creative people like artists and writers but really its for anyone with a side-hustle notion.

Patreon is actually how the arts used to operate hundreds of years ago. Back during the renaissance, artists utilized to ask the rich to be their patrons to support their work through regular contributions.

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So now the website Patreon gives you the opportunity to get patrons to your own works. You construct a community of individuals interested in your job, another usage of a site that does double-duty with this passive income plan, and then ask them to make contributions every time you create something. .

Now patrons dont come away empty-handed, you offer benefits and copies of the job. So for a writer, you could offer copies of your books. You could promise to thank patrons on your site or to market something of theirs in the future.

Even if every patron only contributes a very small amount every month, it can still be a huge source of income. Take a peek at the Patreon site for Kinda Funny, an internet video company. They've over 6,209 patrons which means an average of only $3 a month are a monthly income of almost $19,000 plus they get cheerleaders which are always happy to spread the word on their brand. .

Our past passive income source is creating your own brand and selling through Amazon FBA. This is one of the very exciting income ideas Ive seen in years. Amazon FBA makes it easy to start your own retail company, to market your own products.

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It used to be that you needed hundreds of thousands of bucks for manufacturing, marketing, logistics, everything that went into selling solutions. Together with Amazon FBA, you contract with a manufacturer to ship everything straight to Amazon warehouses throughout the country.

The manufacturer is going to put everything together, package it and even set your label on it. Then you just run your advertising and market everything from the webpage on the worlds biggest internet shopping site.

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Amazon FBA provides you the opportunity to compete with all the biggest names in retailstores. Always wanted to start a toy company, move over Hasbro. Want a line of blue jeans along with your name stitched across the pocket, you can now begin for only a couple of thousand in inventory.

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Ive got a few interviews on the site from folks who have started stores through Amazon FBA. Some of them are making high-income incomes in less than a year so $5,000 per month is readily achievable in less than that.

Making legitimate passive income isnt as hard as you might think. Some article of the best passive income ideas may take a little time to set up but can begin cash flowing within a few months and will provide a consistent monthly income for many years or longer. The most important point is simply to begin.

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