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PDF Editor FAQ

Is there any chance that Trump could be a successful president?

I think one President’s success is viewed by another man as a failure. But to be sure, I foresee a meltdown for both Dems and Repubs views.At this rate he’s making a poor president elect. Let’s see how’s he doing in the batting cage. Even if you’re “smarter than the generals”, you still have to be informed at the daily briefings he feels it’s wise to skip. That’s strike 1. The cabinet he’s putting together looks like he planning more of a military junta. That’s 2. He plans on politicizing his children as muscle in his global business dealings. That’s strike three before he gets to the real plate. And when he comes up to bat it looks like either China or his buddies in Russia will put a fastball in his ear. The sad thing is that not he, but America will lose.I give him the same chance of success as Mexico paying for the Wall.

Do people who pitch frequently and do startup competitions have a higher probability of getting funded?

Dear Kurt,Some research suggests not. Making presentations to actual investors is quite different than competitions. I have been a judge at dozens of competitions. I have coached presenters. I’ve also worked with many companies pitching to actual investors and I’ve worked with an angel fund.Its like this. I get into a batting cage and can hit better than 500. I step up to the real plate against a pitcher and I’m lucky to hit 300. The cage is the competition. The Plate is the real deal.Read Carl Schramm’s recent book called ‘Burn the Business Plan.’ He has some structured thoughts on this subject.Have funChuck

What are the best offline passive Income Ideas that you came across?

1. Invest in Crowdfunded Real EstateReal estate can be a great way to make money while you sleep. However, because it costs so much to purchase a home, using a crowdfunding platform to invest in real estate can be a more affordable option.If you want an easy, low-cost way to invest in income-producing real estate, consider using a company like Fundrise. You only need $500 to get started and you can invest in more than 48 real estate products through real estate investment trusts.Another company to consider is Rich Uncles as you can start investing in real estate with as little as $5.Although they promote an option to start with $500, once you register for free you can browse their offerings. They actually have a Student Housing REIT which has a minimum investment of $5.Their goal is to make real estate investing available to everyone and that is exactly what they are doing.2. Dividend IncomeDividend income is money paid to shareholders of stocks in the form of cash in your bank account. Dividend-paying stocks are especially enticing for those wanting to make a living with passive income, as they will get payouts each quarter or so. Even Warren Buffet historically is a fan of dividend-paying stocks.If you are going to go this route, make sure that you educate yourself and pick solid stocks so that you can depend on for dividend income for years to come.If you don’t have an investment account, check out Ally Invest because trades are as low as $3.95.This low fee is awesome because most brokers charge around $10 per stock trade.3. Peer-to-Peer LendingPeer-to-peer lending is when you loan other people money who don’t qualify for traditional financing. With investment returns in the 3-8% range, investing money with a company like Lending Club can get you much higher income results than a typical savings or money market account.If you are looking for a lower risk option, check out Worthy. They offer $10 bonds and pay a 5% return.One unique thing about them is that your money is liquid, so you can take it out at anytime.This means if for some reason you need your money back, you are able to access it quickly and easily.4. Get Out of DebtThe less money you’re paying in interest to creditors, the more money you have in your pocket each month. Getting out of debt quickly can increase your income even more because you’re no longer paying interest to creditors each month.One way to speed up your debt payoff is to lower your interest rate. If you have high-interest debt that you want to get a lower interest rate on, check out Credible, which offers loan rates as low as 4.99% for refinancing your credit card debt.5. Open a High-Yield AccountAre you looking for a low-risk way to make income passively? Then look at opening a high-yield savings account with an online bank like CIT Bank that pays 19 times more than traditional banks. CIT is currently are paying up to 2.45% which is unreal.While this won’t make you filthy rich, it will be a safer way to make consistent income and not lose your money since CIT FDIC insured.6. Write a BookOnce the initial work of creating the book is done, selling books can be a great way to produce some serious residual income.I wrote a book called You Can Retire Early. I get a 10% royalty for every book that gets sold.Once your book is available on a site like Amazon, you could receive a check each month for doing absolutely nothing. Note that spending some time developing an effective marketing plan is vital. Obviously, the more time you spend marketing your books, the more money you’ll make.7. Rent out a Room in Your HouseDo you have an extra room that you rarely use? Why not rent it out to someone looking for a short-term rental on Airbnb. Millions of people use Airbnb to find a place to stay instead of staying at a hotel, sometimes even for months at a time.You can hire a maid service to clean and prep the room after a guess leaves. If you hire a property management company, then this will eliminate work on your end and make it truly passive income.My friend Steve and his wife make over $1000 per month renting out their spare bedrooms.15. Start a Business and Have Someone Else Run itOwning a business can be a good passive income source. The key is in having the right people running the business for you. Whether it be through the purchase of an existing business or opening a new business, your great business idea can be a viable source of passive income.Do you want some creative small businesses that you can start for under 100 bucks? Then check out the $100 Startup by Chris Guillebeau. These are all verified businesses that grew to over six figures per year. And they all started with very little money up front.16. Buy a Vending Machine BusinessA successful vending machine business can be a great way to make passive income. The key is to find the right places to install your vending machines. Check with smaller brick and mortar businesses. Contact those that have over 100 workers in the building on a daily basis, and see if they need vending machines.Another key to vending machine success? Ask those workers what items they prefer to have in the vending machine and then stock accordingly. Once again, if you want to reduce the amount of time that you are involved, consider hiring someone to stock the machines for you.17. License Your PhotosHave you ever wondered how you could make money taking pictures? Do you have an eye when it comes to taking good photographs?If so, check out a site like Shutterstock. You send your photos to Shutterstock and if they are approved, each time one of Shutterstock’s clients downloads one of your photos you’ll get a paid a royalty.18. Create a Mobile AppIf you are a bit techie and can come up with some unique ideas for mobile apps, or improve upon an existing app that will help people make their lives better, you may land yourself a great source of passive income.Every app on your phone is making money for somebody, somewhere. For instance, Joel Comm made over $1Million from his iFart app.We won’t even talk about the ridiculous money that Angry Birds brought in.While these are the exceptions, there are plenty of people making thousands of dollars per month with their mobile apps.19. Rent Your Car for Ad SpaceHow would you like to make money just for driving your car and not have to pick up any passengers? By allowing companies to place advertisements on your car windows, you can earn a few hundred dollars each month simply by driving your car around town.Check out Wrapify to see how you might be able to make passive income by wrapping your car with an advertisement.21. Buy a LaundromatHere’s another turnkey passive income business idea. Many cities have established laundromats that are available for sale.Here is how it would work:Buy the already existing businessMake sure that you have someone to manage the day-to-day operations,Then “soak up” the profits.The reason why you would want to buy an existing laundromat is that the startup costs are pretty high. Commercial washers and dryers are not cheap. It makes a lot more financial sense to buy an already established laundromat than to start from scratch.22. Open a Batting CageI am shocked by the lack of batting cage facilities. Baseball is one of the most popular sports for kids in America. Yet batting cages are hard to come by depending on where you live.Something to be aware of, though, is that these can require a lot of money up front. You will have to have a big facility, equipment, and someone to run the cage.So make sure to do your due diligence before you invest too much money in this endeavor. Buying an existing batting cage business may be a more financially sound choice.23. Product DesignAnother way you can make passive income is by designing t-shirts and other products – even with no prior design skills. Sites such as Redbubble allow you to upload your witty design ideas and then create t-shirts, coffee mugs, laptop covers, etc.Shoppers then visit the site and check out your products. When they purchase one of your designs, Redbubble will pay you a portion of the profits. They handle all of the production and shipping of products.24. Bond or CD LadderingBond and CD laddering involves owning several different bonds and/or Certificates of Deposit. Each one matures at different times during the year. Then you take the profits from those investments as cash income during the year.Although many CDs and bonds might not earn as much of a return as a Peer-to-Peer lending investment, bonds and CDs also generally come with little to no risk. This helps ensure a solid income source on a regular basis.25. Rent Your StuffThousands of people every day are looking to rent any variety of items. Craigslist can be a great place to advertise your items for rent. Here are some ideas of products that you could rent out:Extension laddersParty tentsTables and chairsUtility trailersLog splittersChainsawsSnowmobilesATV’s.You can even rent out your car when you are not using it with a company like Turo.Just make sure that you have a proper rental agreement signed by both parties. Also, get paid in cash beforehand, and get a current photo ID and secondary proof of address from renters.This will help you to protect the property you’re renting out. For extra peace of mind, consider requesting a security deposit as well.SummaryAs you can see there are a ton of ways that you can make passive income. Hopefully, this list has helped you narrow down which source of income is best for you.So if you’re tired of the traditional way of making money, implement a few of the passive income strategies above so you can start working less and making more money while you sleep today.for more Are You Feel Pressured While you heard about Other's Success. Then This Is For You, Believe me this will help you.

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