![]() They then pay monthly interest on these loans and I receive a share of those payments. Since I'm just getting started doing this, I'm using a website called PeerStreet, which lets you lend capital to people who are real estate borrowers. ![]() This is when you loan money to borrowers who might not qualify for traditional loans. Peer-to-peer lendingĪnother way I decided to diversify my investment portfolio and make passive income was through peer-to-peer lending. If you're interested in doing this, you can start with a small amount ($100 even) and do it through a platform like MainVest. While my monthly passive income from this route will pick up over time, it's allowed me to become an investor in businesses for the very first time. I decided to invest a small percent of my income every month in businesses that agree to share a percent of their future revenues until this investment is paid off. Investing in small businessesĪs a small business owner myself, I wanted to find a way to invest in other entrepreneurs and make passive income as their businesses begin to take off and see profit. All you do is shop through their portals, and when you buy an item from a store, you can get anywhere from 1% to 30% cash back. I also use cash-back websites, like Rakuten and TopCashBack, for online shopping. ![]() I usually find myself getting around $30 to $50 a month in cash back from using this card. I get unlimited 3% cash back on dining, entertainment, my streaming subscriptions, and at grocery stores. I decided to get a cash-back credit card to use for my everyday purchases. An easy way I've been making passive income lately is through cash-back credit cards and websites.
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