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There are many opportunities out there to make residual income in network marketing. However, this is NOT one of those shady things. 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 a lot to purchase a house, using a crowdfunding system to invest in property can be a less expensive option.
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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 begin and you can invest in more than 48 real estate products through real estate investment trusts.
Another company to consider is Rich Uncles since you can start investing in real estate with as little as $5.
Even though they promote an option to begin with $500, once you register for free you can navigate their offerings. They really have a Student Housing REIT which has a minimum investment of $5.
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Their intention is to produce real estate investing available to everyone and that's just what they are doing.
Dividend income is money paid to investors of shares in the form of cash in your bank account. Dividend-paying stocks are particularly enticing for individuals wanting to earn a living with passive income, as they will get payouts every 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.
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 common savings or money market account.
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If you're looking for a lower risk read the article option, have a look at Worthy. They provide $10 bonds and pay a 5% return. One unique thing about them is that your money is liquid, so that you can take it out at anytime.
This means if for some reason you need your money back, you are able to get 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 very 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.
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One way to boost your debt payoff would be to decrease 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 refinancing your credit card debt.
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While 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 way to produce some serious residual income.
Once your book can be found on a site like Amazon, you could get 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 publications, the more money youll earn.
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Have you got an excess room which you seldom use Why not rent it out to someone looking for a short-term rental on Airbnb. Millions of people use Airbnb to find somewhere to stay instead of staying in a resort, sometimes even for months at a time.
You can hire a maid service to clean and prep the room following a suspect leaves. This will 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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If you have a website already then this is a no-brainer. Some people are making over $50,000 per month like Michelle who teaches others how to make money online with her course Making Sense of Affiliate Marketing.
If you dont have a web site, you can begin one for less than $3/month. Thats the cost for getting a site host a company that stores your site on servers so that it can be seen on the Internet.  Click here to find special pricing of $2.95/month using Bluehost.