The term “passive income” sounds great, doesn’t it? Earning money for little to no physical time or labor. Passive income in reality is an income stream that flows in regularly without too much time or labor, it doesn’t necessarily mean you put forth no effort at all. With passive income the idea is to make an upfront, or front loaded investment of time or money with the hopes of it snowballing later on into a steady income stream requiring little to no time.
There are tons of great ways to invest online and create a passive income streams for yourself and your family. You do need to understand, however, that not all passive income strategies are the same. Some require a lot more time and money than others. That being said, let’s look at the most popular passive income opportunity that everyone is talking about right now.
Peer to Peer Lending or P2P
This is a modern twist on the old school, small town loan office. The idea is basically the same. Individuals loan money to other individuals and then make money on the interest. Usually these types of loans are for people who cannot get traditional financing. Modern technology, however, has taken this idea to a whole new level. Today P2P platforms can make it possible for individuals all over the world to loan money, even in micro amounts, to other individuals all over the world.
Feel Good About Your Investments
Beyond simply being a great way to establish passive income, this can in many cases also be a great way to invest in humanitarian efforts as well. In many instances the loans are being processed for individuals in situations in which they are trying to better themselves. Loans can be used to buy a vehicle, start a business, pay for college or many other noble reasons. Some platforms even allow you to pick and choose the recipients of the loan so that you can feel great about where your money is being used.
Get Started Quickly
This is a great way to get your investment journey up and running because some platforms allow you to begin investing with as little as $25. There are almost no barriers in place to get started which is far different than traditional lending.
P2P lending is one of the most passive of passive incomes because you literally fund the account and then make money. Easy as that. If you would like to learn more about this super easy way to start earning passive income, you can start by reading reviews of individuals who are already making money through platforms like Mintos. Check out this Mintos review to learn more.