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You’ve probably heard the term passive income.
It sounds appealing right? According to the definition of passive, it would mean you’re earning income without participating or having to do anything at all.
Free money? Sign me up!
Unfortunately, that’s a common misconception. Just like you can’t pluck money from a tree, you can’t expect to earn passive income by being, well, totally passive.
However, it’s a viable way to make money, and offers you security and freedom.
If you’re interested in establishing a flow of passive income, here’s a guide to understanding the term and getting started.
1. Buy a Hotel — Even if You’re Not Rich
There’s no reason you can’t invest in hotels — even if you’re not rich.
A company called Yieldstreet lets you get started in the world of real estate by giving you access to private commercial and residential real estate deals in key markets. The best part? You don’t have to be the landlord. Yieldstreet does all the heavy lifting.
Normally this is something only available to the super wealthy, but now you can have access to investment opportunities like luxury apartments in Nashville, multi-family property in Dallas — and yes, even a resort-style hotel in Scottsdale, Arizona.
Private real estate has outperformed the average S&P 500 return for the last 25 years, with average annualized returns of 10.3%. And Yieldstreet has a stringent vetting process to decide what properties to invest in to minimize any surprises.
Once invested, you can track your performance on Yieldstreet’s website, and watch as properties are acquired, improved and operated. You could earn money through quarterly dividend payments, and over time, you could earn money off the potential appreciation of the property.
So if you want to get started in the world of real-estate investing, it takes just a few minutes to sign up and create an account with Yieldstreet.
2. Get Paid to Play Bingo
There’s…
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