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President Donald Trumps second term is already creating tailwinds for somepassive incomestreams and present people with compelling long-term opportunities.
However, some passive income streams are better than others.
These are some of thepassive income streams you may want to explore.
He guides property owners and investors in achieving sustainable income and recommends short-term rentals as a passive income source.
The amount it’s possible for you to earn depends on your propertys size, location and other factors.
Lower interest rates can create more demand for mortgages and boost real estate prices.
Phillis shared howreal estate investment trustscan serve as viable alternatives and present an easier path to entry.
Many REITs are publicly traded on the stock market.
They tend to have high yields and are very liquid.
you might buy shares of a REIT and proceed to sell them the next day.
REITs are more flexible than owning real estate, and they also benefit from lower interest rates.
Dividend Stocks and ETFs
If youre already investing in REITs, considerdividends and ETFs.
These passive income sources are similar and also trade on the stock market.
Phillis explained that these investments can generate passive income.
Investors can analyze dividend stocks based on their financial growth rates, yield, and growth.
Peer-to-Peer Lending
Peer-to-peer lending is a non-traditional path to passive income that can provide steady returns.
Phillis explained how it works.
The returns on these loans might even exceed those on savings or bonds.
Investors have been paying more attention to alternative investments like cryptocurrencies ever since Trump won the election.
Peer-to-peer lending may receive a similar boost.
Affiliate Marketing
You dont have to buy real estate and stocks to generate passive income.
Affiliate marketing is another avenue to consider.
Thispassive income sourceinvolves getting people to click your links and buy products after clicking those links.
It can take some time to set up passive income from affiliate marketing.
You must create a website, grow an email list and apply marketing strategies to get noticed.
However, the passive income from this opportunity can quickly snowball and turn into a full-time income.
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