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There are many opportunities out there to create residual income in network marketing. However, this is NOT one of these shady things. All these are legit ways for you to make money while you sleep using something that fits your passion, experience, or skill-set.
Real estate can be a great way to generate money while you sleep. However, since it costs so much to buy a house, using a crowdfunding system to invest in property can be a more affordable option.
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If you want an easy, low-cost way 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 real estate investment trusts.
Another company to consider is Rich Uncles since you can begin investing in real estate with just as little as $5.
Although they promote an option to begin with $500, once you enroll for free you can browse their offerings. They actually have a Student Housing REIT that has a minimum investment of $5.
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Their goal is to produce real estate investing available to everyone and that's just what they're doing.
Dividend income is money paid to investors of stocks in the form of money in your bank account. Dividend-paying stocks are especially enticing for individuals 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. .
If you're going to go this route, ensure that you educate yourself and pick solid stocks so that you can depend on for dividend income for many years to come.
Peer-to-peer lending is when you loan other folks 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 greater income results than a typical savings or money market account.
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If you are looking for a lower risk option, check out Worthy. They provide $10 bonds and cover 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, you are look at this now able to get it quickly and easily.
The less money youre paying in interest to lenders, 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 each month.
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One way to boost your debt payoff is to lower your interest rate. In case you have high-interest debt you want to get 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 task of creating the publication is done, selling novels can be a fantastic way to create some severe residual income.
Once your book can be found on a website like Amazon, you can get a check every month for doing nothing. Note that spending some time developing an effective marketing plan is vital. Obviously, the longer you spend marketing your publications, the more money youll earn.
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Have you got an excess room which you rarely use Why not rent it out to someone looking for a short-term rental on Airbnb. Millions of individuals use Airbnb to find somewhere 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 room following a guess leaves. This may eliminate work on your end and make it truly passive income. My friend Steve click and his wife make over $1000 a month renting out their bedrooms.
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In case you have a website 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 cost for getting a site sponsor a company that stores your site on servers so it can be seen on the Internet.  Click here to find special pricing of $2.95/month using Bluehost.