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There are so many opportunities out there to make residual income in network marketing. However, this is NOT one of those shady things. These are legit ways for you to earn money while you sleep using something that fits your passion, experience, or skill-set.
Real estate can be a terrific way to generate money while you sleep. However, because it costs so much to purchase a home, 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 way to invest in income-producing commercial property, 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 start investing in real estate with just as small as $5.
Even though they promote an option to start with $500, once you register for free you can navigate their offerings. They actually have a Student Housing REIT which has a minimum investment of $5.
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Their intention is to make real estate investing accessible to everyone and that is exactly what they are doing.
Dividend income is money paid to shareholders of stocks in the form of cash in your bank account. Dividend-paying stocks are especially enticing for those wanting to make a living with passive income, as they'll 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 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 other people money who dont qualify for traditional financing. With investment returns in the 3-8percent range, investing money using a company like Lending Club can get you much 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 cover a 5% return. One unique thing about these 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 get it quickly and easily.
The less money youre paying in interest to lenders, the more money you have 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 since youre no longer paying interest to creditors every month.
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One method to speed up your debt payoff would be to lower your interest rate. In case you've got high-interest debt you want to get a lower interest rate on, have a look at Credible, which offers 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 create consistent income and find here 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 create some serious residual income.
Once your book can be found on a site like Amazon, you could get a check every month for doing nothing. Note that spending some time developing an effective marketing plan is essential. Obviously, the longer you spend marketing your publications, the more money youll earn.
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Have you got an excess room that 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 a place 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 after 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 really is a go now no-brainer. Some people are making over $50,000 per month like Michelle who teaches others how to make money online with her class Making Sense of Affiliate Marketing.
If you dont have a website, you can start one for less than $3/month. Thats the cost for getting a site sponsor a company that stores your site this contact form on servers so that it can be viewed on the Internet.  Click here to find special pricing of $2.95/month using Bluehost.