With that in mind, I have tried to keep my eyes open for investments that give a better return than the banks (about 2%)
Here are 2 of my current investment avenues. Would love to hear yours!
1. Buying Established Earning Sites. I have been doing this for about a year or two, tentatively at first, with mixed results, but have now become better at recognising the stronger steady sites. While you always have an element of risk with this, I have been earning about 40-50% per annum on adsense sites I have purchased, currently making about $1300 USD per month.
2. Crowd-Funding Investments: Another investment strategy I use is to lend to local businesses through crowd-funding websites. The returns on this are much better than banks, and very safe. You can probably find a reputable company in your area, FundingCircle in the UK and LinkedFinance in Ireland are excellent. Currently earning about 12% a year on such investments.
I would love to hear of how you guys re-invest your earnings. Hands-off residual income is a beautiful thing, and I would love to gain some knowledge from you guys!