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There are 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 earn money while you sleep with something that satisfies your passion, experience, or skill-set.
Real estate can be a terrific way to make money while you sleep. However, since it costs so much to buy a home, using a crowdfunding system to invest in real estate can be a less expensive option.
If you want an easy, low-cost way to invest in income-producing commercial property, 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 since you can start investing in real estate with just as little as 5.
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Although 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 that has a minimum investment of $5.
Their goal is to make real estate investing available to everyone and that is just what they are 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 individuals 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. .
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If you're going to go this route, be sure that you educate yourself and select solid stocks so you can depend on for dividend income for years to come.
Peer-to-peer lending is when you loan additional folks 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 outcomes than a typical savings or money market account.
If you are looking for a lower risk option, have a this look at Worthy. They provide $10 bonds and pay a 5 percent return. One unique thing about them is that your money is liquid, which means 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 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 simple form 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 method to speed up your debt payoff would be to decrease your interest rate. In case you've got high-interest debt that you want to find a lower interest rate on, check out Credible, which features loan amounts as low as 4.99% for refinancing your credit card debt.
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Are you looking for a low-risk way to make passive income Then look at opening a high-yield savings account click here to read with an online bank like CIT Bank that pays 19 times more than traditional banks. CIT is currently are paying 1.55% that's unreal.
Although 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 task 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 is available 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. Evidently, the more time you spend marketing your books, the more money youll earn.
You can hire a maid service to clean and prep the room following 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 a month renting out their spare bedrooms.
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If you've got a site already then this really is a no-brainer. Some people are making over $50,000 per 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 web site, you can start one for less than $3/month. Thats the price for getting a website sponsor a company that stores your site on servers so it can be viewed on the Internet.  Click here to get special pricing of $2.95/month with Bluehost.