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devaughn burke
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devaughn burke   My Press Releases

U Want Passive Income? Start With This....

Published on 5/11/2016
For additional information  Click Here

 

Site I use http://prosper.com

Check out this site to build multiple streams of income
http://thewealthbuilderz.com

Passive income is an income received on a regular basis, with little effort required to maintain it. The American Internal Revenue Service categorizes income into three broad types, active income, passive income, and portfolio income.


Whats up folks its yah boy DeVaughn back again with another video
And today I want to start a video serious about Passive income

I know alot of folks are looking for passive income and don't know where to start
Some don't know what passive income is and want information about it

So I'm here to help you out yah dig?

What is passive income?

Its basically a way to make income from doing something one time
and reaping the benefits from it almost on autopilot.
Over and over again

No having a job is not your passive income.

Now its alot of different ways to generate passive income
So I'm going to start a web series of passive income possibilities
And you can decide which ones are right for you.
Some of them I've done and some of these passive income opportunities
Are just a great idea

So lets talk about lending clubs today as passive income possibilities
Now back in the day this was once called having a loan shark
But now its called lending clubs

There are a few different lending clubs online
But I personally use prosper.com

This site is good to me and has returned my money
What your doing is investing your money into a crowd funded loan

People of all different backgrounds apply for these type of loans daily
You have different catagory's to choose from when investing into a loan

You can choose from low risk to higher risk loans
The risk level is based off the credit rating of the person requesting the loan
These folks are screened by prosper.com and not by you
So all you have to do is choose your risk level you want to invest in
You read up on the loan requester reasons for requesting the loan
And if you like what you read. You put your money in.

The lowest amount you can invest is $25 so the cost to get started is really low
So you don't have to be all scared if you lose a lil bit of money.

So if your looking for some passive income then prosper.com is where its at.
Click the link in my description and start getting your passive income cash flow started asap.

Subscribe to my channel to get more videos like this.

 

 

 

passive income ideas,
passive income opportunities,
examples of passive income,
passive income streams,
sources of passive income,
passive income tax,
active income,
portfolio income,

 

Member Note: To comment on this PR, simply click reply on the owners main post below.
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