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There are many opportunities out there to make residual income in network marketing. However, this is NOT one of those shady things. All these are legit ways for you to make money while you sleep using something that satisfies your passion, experience, or skill-set.
Real estate can be a terrific way to generate money while you sleep. However, since it costs so much to purchase a home, using a crowdfunding platform to invest in real estate can be a more affordable option.
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 begin and you can invest in more than 48 real estate products through property investment trusts.
Another company to consider is Rich Uncles as you can start investing in real estate with just as small as 5.
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Even though they promote an option to begin with $500, once you enroll for free you can browse their offerings. They really have a Student Housing REIT which has a minimum investment of $5.
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 shareholders 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. .
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If you're going to go this route, be 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 people 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 outcomes than a typical savings or money market account.
If you're looking for a lower risk option, have a look at Worthy. They provide $10 bonds and pay a 5% return. One unique thing about these is that your money is liquid, which means that you can take it out at anytime.
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This means if for any reason you need your money back, then you are able to access it quickly and easily.
The money youre paying in interest to lenders, the more money you've got in your pocket each month. Talk about a simple form of passive income. Getting out of debt quickly can increase your income even more because youre no longer paying interest to lenders recommended you read each month.
One way to speed up your debt payoff is to decrease your interest rate. In case you've got high-interest debt that you want to get a lower interest rate on, have a look at Credible, which features loan rates as low as 4.99% for refinancing your credit card debt.
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Are you looking for a low-risk way to produce passive income Then look at opening a high-yield savings account with an online bank such as CIT Bank that pays 19 times more than traditional banks. CIT is currently are paying 1.55percent that's unreal.
While 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 task of creating the book is done, selling novels can be a fantastic way to create some severe residual income.
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Once your book is available on a site like Amazon, you can get a check each month for doing nothing. Note that spending some time developing an effective marketing plan is essential. Evidently, the longer you spend marketing your publications, the more money youll earn.
You can hire a maid service to clean and prep the room following a suspect leaves. This may 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 bedrooms.
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In case you have a site already then this is a no-brainer. Some folks are making over $50,000 a month like Michelle who teaches others how to earn money online with her class Making Sense of Affiliate Marketing.
In case you dont have a web site, you can begin one for less than $3/month. visit the site Thats the price for getting a site host a company that stores your site on servers so it can be seen on the Internet.  Click here to get special pricing of $2.95/month using Bluehost.