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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. All these are legit means for you to earn money while you sleep using something that satisfies your passion, experience, or skill-set.
Real estate can be a terrific way to generate money while you sleep. But since it costs so much to buy a home, using a crowdfunding platform to invest in real estate can be a more affordable option.
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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 real estate products through real estate investment trusts.
Another company to consider is Rich Uncles as you can start investing in real estate with just 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 that has a minimum investment of $5.
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Their goal is to produce real estate investing accessible to everyone and that is exactly what they are doing.
Dividend income is money paid to investors of stocks in the form of money in your bank account. Dividend-paying stocks are particularly enticing for those wanting to earn 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. .
If you're going to go this route, make sure that you educate yourself and pick solid stocks so you can depend on for dividend income for years to come.
Peer-to-peer lending is when you loan other 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 a lot higher income outcomes than a typical savings or money market account.
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If you are looking for a lower risk 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 you can take it out at anytime.
This means if for any reason you need your money back, then you are able to access it quickly and easily.
The money youre paying in interest to creditors, the more money you've got in your pocket each 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 creditors each month.
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One way to boost your debt payoff would be to decrease your interest rate. If you have high-interest debt that 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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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 publication is done, selling books can be a fantastic way to produce some severe residual income.
Once your book is available on a site like Amazon, you can 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 books, the more money youll earn.
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Do you have an extra room that you seldom use Why not rent it out to someone looking for a short-term rental on Airbnb. Millions of individuals use Airbnb to find a place to stay instead of staying at a resort, sometimes even for months at a time.
You can hire a maid service to clean and prep the space 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've got a site already then this is a no-brainer. Some people are making over $50,000 per month like see here 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 check over here for less than $3/month. Thats the cost for getting a site sponsor a company that stores your website on servers so it can be viewed on the Internet.  Click here to get special pricing of $2.95/month using Bluehost.