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There are so many opportunities out there to create residual income in network marketing. Nonetheless, this is NOT one of those shady things. All these are legit means for you to earn 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 purchase a house, using a crowdfunding platform to invest in real estate can be a less expensive option.
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If you want an easy, low-cost method to invest in income-producing commercial real estate, 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 since you can begin investing in real estate with as little as $5.
Although they promote an option to start with $500, once you register free of charge you can browse their offerings. They really have a Student Housing REIT that has a minimum investment of $5.
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Their intention is to make real estate investing accessible to everyone and that is just 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 individuals wanting to make a living with passive income, since they will get payouts each 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 select solid stocks so that you can depend on for dividend income for many years to come.
Peer-to-peer lending is when you loan additional folks 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 results 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 offer $10 bonds and pay a 5% return. One unique thing about them is that your money is liquid, which means that you can take it out at anytime.
This means if for some reason you need your money back, then you can access it quickly and easily.
The less 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 creditors every month.
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One way to boost your debt payoff would be to decrease your interest rate. In case you have high-interest debt that you want to find a lower interest rate on, check out Credible, which features loan rates 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 book is done, selling books can be a fantastic way to create some serious residual income.
Once your book can be found on This Site a site like Amazon, you could get a check each month for doing nothing. Note that spending some time developing an effective marketing plan is essential. Obviously, 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 rarely use Why not rent it out to someone looking for a short-term rental on Airbnb. Millions of people use Airbnb to find somewhere to stay instead of staying in 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 a 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 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 price for getting a website sponsor a company that stores your website on servers so it can be viewed on the Internet.  Click here to find special pricing of $2.95/month using Bluehost.