Logan is a CPA with a Masters Degree in Taxation from the University of Southern California. He has been featured in publications such as Debt.com. He has nearly 10 years of public accounting experience, including 5 with professional services firm Ernst & Young where he consulted with multinational companies and high net worth individuals on their tax situations. He launched Money Done Right in 2017 to communicate modern ideas on earning, saving, and investing money.


I own several rental properties in the mid west and I live in CA. I have never even seen them in person. With good property management in place (not easy to find but possible) it is definitely possible to own cash flowing properties across the country. Not for everyone and not without it’s drawbacks, but it seems to be working for me so far. I’m happy to answer any questions about my experience with this type of investing.
hey, help me out if you can. I did some research sometime back on generating income from the internet and came across a program that reviewers found very accessible and legit. The program’s name was in German and it totally escapes me, it started with an N, like, Nietsche or something that looked similar to that word. The creator, his package include how-to videos. Do you know what i am talking about?
You can do a blog on any topic, provided you have public interested in it. You can make money with a blog showing ads through adware I like Google or selling affiliate products, or even their own small reports and e-books. Please note that win money with blogs requires much work and time. It has to be patient and be willing (a) to put a lot of time and effort
If you answered " YES!", then you will profit from Robert G. Allen' s Multiple Streams of Income, Second Edition. In these pages, the bestselling author of the #1 megahits Nothing Down and Creating Wealth shows you how to create multiple streams of lifetime cash flow. You' ll learn ten revolutionary new methods for generating over $100,000 a year- - on a part-time basis, working from your home, using little or none of your own money.
Generating multiple streams of income can have a major impact on your finances. Even an extra income of $500 each month could go a long way towards paying down debt or increasing your investments. We often hear about the importance of diversifying our investments, but diversifying our income streams is just as important, particularly in difficult economic times.
I own several rental properties in the mid west and I live in CA. I have never even seen them in person. With good property management in place (not easy to find but possible) it is definitely possible to own cash flowing properties across the country. Not for everyone and not without it’s drawbacks, but it seems to be working for me so far. I’m happy to answer any questions about my experience with this type of investing.
There is a specific tax definition of passive income, known as “passive activity” to the Internal Revenue Service. Passive income is any income you make without actively working or are materially involved. The IRS defines it as any rental activity or any business in which the taxpayer does not “materially participate.” Nonpassive activities, or active activities, are businesses in which the taxpayer works on a regular, continuous, and substantial basis.
Investment in real estate can also be a source of a second income. If you have a decent sum of money lying around, you can use it to invest it to buy your second home. You may even take a home loan to finance your second home. This can become a source of income for you when you rent it to someone. These monthly rents would become your secondary monthly income. The key to making more money with rental properties lies in buying smart. Not all kind of property is going to give you a good return. Hence, analyzing the potential real estate opportunities is very important. The monthly rent highly depends on the area/location of the property hence it is highly important that you select the location of your property very wisely, keeping in mind the rent factor. You can save much even after your home loan EMIs. In addition to this, you can also avail tax exemption on the purchase of your property if it is through a home loan.

The biggest surprise is real estate being second to last on my Passive Income Ranking List because I’ve written that real estate is my favorite investment class to build wealth. Physical real estate doesn’t stack up well against the other passive income sources due to the lack of liquidity and constant maintenance of tenants and property. The returns can be huge due to rising rental income AND principal over time, much like dividend investing. If you are a “proactive passive income earner” like myself, then real estate is great.

Sell Digital Files on Etsy – I’ve been into home décor lately and I had to turn to Etsy to find exactly what I wanted. I ended up purchasing digital files of the artwork I wanted printed out! The seller had made a bunch of wall art, digitized, and listed it on Etsy for instant download. There are other popular digital files on Etsy as well such as monthly planners. If you’re into graphic design this could be an amazing passive income idea for you.
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