physicians
There are plenty of ways to earn more money, especially if you are a physician. You can pick up extra shifts, work locum tenens assignments, or develop any number of related or unrelated side gigs.
A side hustle that produces real passive income can create income that grows over time without any effort, other than the initial due diligence and time of setting up the investment. Side hustles like these continue to pay off well–and long into the future.
Wouldn’t you love to be the bank? You lend out money and get interest payments monthly in return. Then, at the end of the loan term, you get the initial amount borrowed returned. It’s a win-win!
A syndication is the pooling of money to purchase a rental property (usually an apartment building). A professional runs the deal, so as a passive investor, you perform your due diligence, invest, and wait for the checks to come.
The concept is simple. Purchase your own rental property and then wait for the point at which the cash flow to equal $1,000 a month. After all, cash flow from rental properties is simply a calculation. Take income, subtract expenses, and you have your net cash flow.
Even though many parts of the country are cracking down on short-term vacation rentals, it’s still a booming business in certain areas.
These are stocks that simply pay out dividends, usually on a quarterly basis. As the company accumulates cash, it redistributes it to investors.