HOW TO MAKE PASSIVE INCOME WHILE KEEPING YOUR DAY JOB

Apparently, all the cool kids are doing it. Statistics show that roughly 44 million people have side hustles to supplement their day jobs. A great way to start your side hustle, and enhance your income, is through passive investments such as real estate. The thought may be daunting but with these easy steps, you, too, can be on your way to having a successful side business all while maintaining your full-time job.

Routine Is Key

Repetitiveness has statistically been proven to improve balance in all aspects of our lives. Creating a daily pattern for yourself is like fuel for your brain. If your job requires you to be in the office from 9:00- 5:00, a good idea is to create a schedule and carve out some specific time for your side hustle. For example, many people complete various tasks while on their lunch break. If you can carve out 15 minutes to search the internet for properties to invest in each day, you will create a routine for yourself that will eventually feel like second nature.

Practice Makes Perfect

The hardest part is sticking to a routine. The good news is that investing in real estate is a good side business for those who lead very extremely lives. Don’t put too much pressure on your side business, and instead treat it as a hobby. This will allow you to look forward to your lunch breaks and the idea of researching real estate investments. Continue to do this for 15 minutes each day and you will see great improvements with respect to your knowledge on property investment.

Research

With that said, research is inevitable. Luckily, in the age of the internet anything is achievable. Property computations can now be found in the click of a button; just search for an area that interests you and the average price for property in that area will be calculated.

Find Ways to Grow

Many people make the mistake early on of either feeling unsure of their potential as a real estate investor or stalling right before they purchase the property. It’s natural. You may feel completely out of your element. However, there are many avenues of support designed specifically for first time property investors. For example, Theo Hicks and Joe Fairless have an excellent book titled “Best Real Estate Investment Advice Ever” that is curated and tailored for first time property investors.

Topics: Real Estate, Real Estate Investments, Real Estate Strategies

Source: Anna Bahney, https://money.cnn.com/2017/07/12/pf/side-hustle/index.html

Joe Fairless, https://joefairless.com/balancing-your-day-job-and-your-real-estate-side-hustle/