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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 ways 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 generate money while you sleep. But since it costs a lot to purchase a home, using a crowdfunding system to invest in property 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 property products through property investment trusts.
Another company to consider is Rich Uncles since you can start investing in real estate with as little as $5.
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Although they promote an option to begin with $500, once you enroll for free you can navigate their offerings. They actually have a Student Housing REIT which has a minimum investment of $5.
Their goal is to produce real estate investing accessible to everyone and that's exactly what they're doing.
Dividend income is money paid to shareholders of stocks in the shape of money in your bank account. Dividend-paying stocks are especially enticing for those wanting to earn a living with passive income, since they will get payouts each quarter or so. Even Warren Buffet historically is a fan of dividend-paying stocks. .
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If you are going to go this route, be certain that you educate yourself and pick 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 with a company like Lending Club can get you a lot higher income results than a common savings or money market account.
If you are looking for a lower risk option, check out Worthy. They provide $10 bonds and cover a 5 percent return. One unique thing about them is that your money is liquid, so that you can take it out at anytime.
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This means if for any reason you need your money back, you can access it quickly and easily.
The less money youre paying in interest to creditors, the more money you've got in your pocket every month. Talk about a simple form of passive income. Getting out of debt quickly can increase your income even more because youre no longer paying interest to lenders each month.
One method to speed up your debt payoff would be to lower your interest rate. If you've got high-interest debt you want to find a lower interest rate on, have a look at Credible, which features loan amounts as low as 4.99% to wikipedia reference refinancing your credit card debt.
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Are you looking for a low-risk method to make passive income Then look at opening a high-yield savings account with an online bank such as CIT Bank that pays this link 19 times more than traditional banks. CIT is currently are paying 1.55percent which is unreal.
While this wont make you filthy rich, it'll be a safer way to create consistent income and not lose your money since CIT FDIC insured.
Once the initial work of creating the book is done, selling books can be a great way to produce some severe residual income.
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Once your book is available on a website like Amazon, you could receive a check each month for doing absolutely nothing. Note that spending some time developing an effective marketing plan is essential. Evidently, the longer you spend marketing your books, the more money youll make.
You can hire a maid service to clean and prep the room following a guess leaves. This may eliminate work on your end and make it truly passive income. My friend Steve and his wife make over $1000 a month renting out their bedrooms.
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In case you've got a site already then this resource really is a no-brainer. Some folks are making over $50,000 a month just like Michelle who teaches others how to make money online with her course Making Sense of Affiliate Marketing.
If you dont have a website, you can begin one for less than $3/month. Thats the cost for getting a site sponsor a company that stores your site on servers so it can be viewed on the Internet.  Click here to find special pricing of $2.95/month using Bluehost.