income
Most professionals and those seeking financial independence have created sources of passive income. Building passive income streams is an effective way to protect your income during difficult economic times. There are many ways to build passive income.
The most significant advantage of real estate investments is the opportunity to diversify beyond the traditional stock and bond portfolios that represent the foundation for most high-income professionals.
CrowdStreet is available to accredited investors. They have a marketplace where investors can review their current offerings and decide what is best for them.
They build a private network of investors and pool their money to provide access to private deals with higher minimum investment requirements. They invest in both equity and debt investments.
Vanguard is the largest and, arguably, the most recognized names in the mutual fund industry. The Vanguard REIT (VNQ) is one of the largest and most popular. Investors looking for consistent income should consider this ETF.
iShares is another of the most recognized names in the investment world. iShares is part of the behemoth investment company Blackrock. With around $7 trillion of investments, Blackrock has hundreds of investment choices available.
Describing savings accounts as high yield in this environment may seem silly. However, it wasn’t that long ago when these savings accounts paid over 2% interest. Most of the high yield accounts are available at online banks.
Surveys are a great way to generate some extra cash. Keep in mind that no one is going to get rich, taking online surveys. However, if you do this regularly, it can add a nice little bonus to your passive income streams.