See This Report on Multiple Passive Income Streams

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I labored a traditional 9 to 5 job for many years and eventually I got burned out. Do you know what sounds like that I knew I wanted more freedom and the notion of passive income became really appealing.

I had heard of many people quitting and replacing their fulltime occupation with passive income, but I had no clue where to start.

This pursuit led me to begin this blog where I now make over $6,000 per month, but this is not the only way to make residual income.

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Table of ContentsWhat exactly is passive incomePassive Income Ideas1. Invest in Crowdfunded Real Estate2. Dividend Income3. Peer-to-Peer Lending4. Get Out of Debt5.  Open a High-Yield Account6. Compose a Book7. Rent a Space in Your House8. Affiliate Marketing9. Create a Lead Generation Website10. Sell Products on Amazon11. Cash Back Earnings With Benefits Shopping Sites12.  Create an Online Store using Drop Shipping13.

Create YouTube Videos15.  Start a Business and Have Someone Else Run it16. Buy a Vending Machine Business17.  License Your Photos18. Produce a Cell App19. Rent Your Car for Advertisement Space20. Purchase an Existing Online Business21. Purchase a Laundromat22. Open a Batting Cage23. Item Design24. Bond or CD Laddering25. Rent Your Own StuffSummary.

Passive income is where you get paid over and over again for work which you did once. I have multiple income streams which are passive, so many of which I will mention below.

By choosing the right sources of passive income, you can invest your time the way that you want to. Passive income is a way of buying back more time.

There are many opportunities out there to make residual income in network marketing. However, this is NOT one of these shady things. All these are legit means for you to make money while you sleep using something that fits your passion, experience, or skill-set.

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Real estate can be a great way to make money while you sleep. However, since it costs so much to buy a home, using a crowdfunding platform to invest in property can be a more affordable option.

If you want an easy, low-cost way to invest in income-producing commercial real estate, consider using a company like Fundrise.  You only need $500 to begin and you can invest in more than 48 property products through real estate investment trusts.

Another company to consider is Rich Uncles as you can begin investing in real estate with just as small as 5.

Even though they promote an option to start with $500, once you register free of charge you can navigate their offerings. They actually have a Student Housing REIT which has a minimum investment of $5.

Their intention is to produce real estate investing available to everyone and that is just what they are doing.

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Dividend income is money paid to shareholders of stocks in the kind of cash in your bank account. Dividend-paying stocks are especially enticing for those wanting to earn a living with passive income, as they'll 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, be sure that you educate yourself and pick solid stocks so that you can depend click over here now on for dividend income for years to come.

Peer-to-peer lending is when you loan additional people money who dont qualify for traditional financing. With investment returns in the 3-8percent range, investing money with a company like Lending Club can get you much greater income results than a typical savings or money market account.

If you are looking for a lower risk option, have a look at Worthy. They offer $10 have a peek at these guys bonds and pay a 5 percent return. One unique thing about these is that your money is liquid, so that you can take it out at anytime.