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There are many opportunities out there to make residual income in network marketing. However, this is NOT one of these shady things. All these are legit means for you to make money while you sleep with something that fits your passion, experience, or skill-set.
Real estate can be a great way to make money while you sleep. But because it costs a lot to purchase a house, using a crowdfunding system to invest in real estate 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 real estate 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.
Although they promote an option to begin with $500, once you register for free you can browse their offerings. They actually have a Student Housing REIT which has a minimum investment of $5.
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Their goal is to produce real estate investing available to everyone and that is exactly what they're doing.
Dividend income is money paid to investors of stocks in the shape of money in your bank account. Dividend-paying stocks are particularly enticing for individuals wanting to earn a living with passive income, since they will 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, ensure that you educate yourself and pick solid stocks so that 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 using a company like Lending Club can get you much greater income results than a common savings or money market account.
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If you are looking for a lower risk option, check out Worthy. They offer $10 bonds and cover a 5% return. One unique thing about these is that your money is liquid, so that you can take it out at anytime.
This means if for any reason you need your money back, then you can access it quickly and easily.
The money youre paying in interest to creditors, the more money you have in your pocket every month. Talk about a very simple kind of passive income. Getting out of debt quickly can increase your income even more because youre no longer paying interest to lenders every month.
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One way to boost your debt payoff is to lower your interest rate. If you've got high-interest debt that you want to find a lower interest rate on, have a look at Credible, which offers loan amounts as low as 4.99% for refinancing your credit card debt.
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Although this wont make you filthy rich, it will be a safer way to make consistent income and not lose your money since CIT FDIC insured.
Once the initial work of creating the book is done, selling novels can be a fantastic way to produce some serious residual income.
Once your book is available on a website 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 publications, the more money youll earn.
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Have you got an extra room that you seldom use Why not rent it out to someone looking for a temporary rental on Airbnb. Millions of individuals use Airbnb to find a place to stay instead of staying at a hotel, sometimes even for months at a time.
You can hire a maid service to clean and prep the room following 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 per month renting out their spare bedrooms.
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If you have a site already then this really is a no-brainer. Some people are making over $50,000 a month just like Michelle who teaches others how to earn money read the full info here online with her class Making Sense of Affiliate Marketing.
In case 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 that it can be viewed on the Internet.  Click here to get special pricing of $2.95/month with Bluehost.