A Biased View of Passive Income In Hong Kong

However, youll most likely still receive monthly or quarterly payments, depending on which investment opportunity you choose.6. Buy your first investment propertyRoofstock  Investing in rental properties is one of those passive income thoughts which can be particularly intimidating, particularly when it comes to finding tenants. Roofstock enables you to purchase properties with as few as 20% down that already have tenants living in them.

You dont even need to physically go to the properties!This is an perfect strategy should you live in an area where real estate costs are too high to realistically invest in, or you dont want the hassle and expense of traveling all over the country visiting potential properties. Additionally, if you're new to single-family property 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 their vetted property managers to deal with the day-to-day landlord jobs like 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 all property investing groups is that you help each other compete against the big money players to acquire the best returns.Other Passive Income InvestmentsWhen most men and women think of investing opportunities, they think of stocks, bonds, and precious metals.

Gone are the days of mountains of paperwork, high 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 thoughts, investing in stocks that pay quarterly dividends remains one of the most effective methods to generate cash without much work.Lets state you purchase shares of Colgate-Palmolive stock.

5 Easy Facts About Passive Income Ideas In Hong Kong Explained

Over the previous seven decades, Colgate-Palmolive has compensated between $0.34 and $0.68 per quarter for every single share owned by stockholders.Depending on your long-term investment strategy, you might want to re-invest those dividends. However, if youre strictly looking for passive income ideas, youd do nicely pocketing the cash.If youre new to investing, Ally Invest has free classes you can take.

You can even check out this listing of the best investment apps.8. Peer-to-Peer LendingLending Club  If you want a higher than average return on your investment, and youd want to feel just like youre contributing to society, Lending Club lets you do both. Lending Club takes your investment and allows click for more people to borrow to start businesses, consolidate debt, and cover medical care.Heres how 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 little as 25Get paid: Get monthly payments as debtors 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-to-peer lending bunch, but it's a twist.

Again, the yield is based on the amount of danger youre willing to carry on, but I love how transparent the platform is.For each loan, you have to see the danger rating. The very low risk / low return AA loans yield just over 4%, and it goes all of the way down the line into the high-risk category, which can pay 30% or more.You also get to view certain details about each loan, including what the debtor is using it for, the state they live in, how long the pay-off interval is, what the monthly payments are, and what speed the borrower will pay.

How Passive Income Ideas In Hong Kong can Save You Time, Stress, and Money.

Butonce you get these up and running, you can take your foot off the gas and actually make a living online, while you sleep.10. Affiliate marketingYouve probably heard of affiliate marketing ahead of 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 believe is top quality.

You can either form 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 great in concept, right But how do you actually become startedYoull need a blog.

Since most mattress companies cover a 5% commission and the typical cost of a decent quality bed sold on the Internet is approximately $1,000, I would make $50 every time someone purchased a bed predicated on my recommendation.But, I need an online presence, so that I can share my knowledge and make recommendations.