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There are so many opportunities out there to create residual income in network marketing. However, this is NOT one of those shady things. All these are legit means for you to make money while you sleep with something that satisfies your passion, experience, or skill-set.
Real estate can be a great way to make money while you sleep. But since it costs so much to purchase a house, using a crowdfunding platform to invest in real estate can be a more affordable option.
If you want an easy, low-cost method to invest in income-producing commercial 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 property investment trusts.
Another company to consider is Rich Uncles as you can begin investing in real estate with as small as $5.
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Even though they promote an option to start with $500, once you enroll free of charge you can browse their offerings. They actually have a Student Housing REIT that has a minimum investment of $5.
Their intention is to produce real estate investing available to everyone and that's exactly what they are doing.
Dividend income is money paid to shareholders of stocks in the shape 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. .
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If you're going to go this route, make certain you educate yourself and select solid stocks so you can depend on for dividend income for many 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 3-8% range, investing money using a company like Lending Club can get you a lot greater income outcomes than a common 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, which means you can take it out at anytime.
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This means if for any reason you need your money back, then you can access it quickly and easily.
The less money youre paying in interest to creditors, the more money you have in your pocket every month. Talk about a simple kind of passive income. Getting out of debt fast can increase your income even more because youre no longer paying interest to creditors every month.
One way to boost your debt payoff would be to decrease your interest rate. In case you have high-interest debt that this hyperlink you want to look these up find a lower interest rate on, check out Credible, which features loan amounts as low as 4.99% to refinancing your credit card debt.
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Are you looking for a low-risk way to make passive income Then consider opening a high-yield savings account with an online bank such as CIT Bank that pays 19 times more than traditional banks. CIT is currently are paying 1.55percent which is unreal.
Although this wont make you filthy rich, it'll be a safer way to make consistent income and not lose your money since CIT FDIC insured.
Once the initial work of creating the book is done, selling novels can be a great method to create some serious residual income.
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Once your book can be found on a website like Amazon, you could receive a check every 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 youll make.
You can hire a maid service to clean and prep the room after a guess leaves. 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.
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In case you have a site already then this really is a no-brainer. Some people are making over $50,000 a month like Michelle who teaches others how to make money online with her class Making Sense of Affiliate Marketing.
If you dont have a web site, you can begin one for less than $3/month. Thats the price for getting a website host a this content company that stores your site on servers so that it can be viewed on the Internet.  Click here to get special pricing of $2.95/month using Bluehost.