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There are tons of articles out there confusing passive income with residual income. But in the financial world, residual income has an entirely different meaning. Also called disposable income, residual income isnt really a sort of income, its a calculation that accountants perform to determine what your income is after paying all expenses and debts.

If youre reading this article, then youre probably curious about passive incomeand how to earn it. There are numerous ways to earn passive income, including from:

Stock returns: Dividends you receive paid from any shares you own, which earn you money long after their purchase.

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Investment properties: Rent you get from a property propertyresidential or commercial. Yes, the property needs to be maintained, however, the earnings still stream in each month.

Book sales: Royalties an author receives for writing a novel. Generally, they get paid a percentage of the retail or net cost of every book soldin perpetuity.

In each these circumstances, your one-time investment consistently provides you with an income at the same time you sit back and collect on it. What could be greater than that!

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In the entrepreneurial world, another popular type of passive income is click-to-purchase content, that includes products such as e-books, how-to guides, or online classes. Essentially, the entrepreneur sells his/her expertise through these pre-prepared online productsindividuals purchase the e-book or online training to gain entry to the specialists knowledge.

Since the entrepreneur has already prepared the content, all they need to do is watch the money roll in (obviously, only once theyve gained a following and marketed the hell out of themselves)!

In the electronic era, knowledge is powerand money. Selling your knowledge through online products is big business. Why not tap into it

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Of course, the selling of manufactured products or merchandise is an age-old source of income, but is it passive income It could be, depending on the business model. Two of the most common sources of passive income through merchandise sales are:

Item Distribution: Companies that enable individuals to become product vendors and earn a return on their clients purchases are another source of passive income. Like any other sort of passive income, should you invest up-front (by important site recruiting loyal customers), the long-term rewards can be huge!

Affiliate Programs: As an affiliate, you promote a companys goods or services on your site, and you receive a percentage of the sale when someone clicks from your site to purchase it. If your website gets a lot of traffic, then you could earn a penny from affiliate links!

That is exactly what dreams are made of. Youre making money even when you arent doing anything. This means that even if youre sick, traveling, or dont feel like working, the money youre your passive income source(s) continues to roll in.

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The thing about earning money from your corporate occupation is, no matter how hard you work, no matter how fantastic you are at your job, no matter how much additional time you log, then there will always be a limitation to your incomethats the word salary cap exists.

Unlike your company salary, passive income has no limitations. Want to earn seven figures Then begin investing!

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You can work your ass off to earn money but youll never get anywhere until you start making passive income. I make money on seven different income sources but a number of them require a good deal of work.

Passive income is money you earn from a product or an investment in which you dont have to do any more work once you set it up. That means consistent cash flow each month if youre working or not.

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Thats the only real way to financial freedom. look these up Passive income is the only way that you will ever be free from worrying about money and the only way you could ever achieve financial independence.

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Im going to discuss my seven favorite passive income resources, income streams I use to create money each month. Now Im not going to sugar coat this, a few of them are going to take work but may mean thousands per month you can count on.

If you want more great videos on making money and making your money work for you, dont forget to subscribe to this YouTube channel. Its completely free and so were growing a great community. Register and Join the Community.

Im going to begin with the easy passive income thoughts, the ones which you can start making money on instantly and will work through to the ones youll create the most money on as we proceed through the browse around this site list so make sure to stick around to catch those last few passive income strategies.

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