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There are tons of articles out there confusing passive income with residual income. However, 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 interested in 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 business. Yes, the property needs to be maintained, but the earnings still stream in every month.

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

In all these cases, your one-time investment consistently offers you an income at the same time you sit back and collect on it. What could be better 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 courses. Essentially, the entrepreneur sells his/her expertise through these pre-prepared online productsindividuals buy the e-book or online training to gain access to the experts knowledge.

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

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

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

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

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

That is exactly what dreams are made from. 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 a corporate occupation is, no matter how hard you work, click over here no matter how fantastic you're at your work, no matter how much additional time you log, there'll always be a limitation to your incomethats why the word salary cap exists.

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

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You can work your butt 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 need to do any more work after you put this up. That means consistent cash flow every month whether youre working or not.

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Thats visit here the only real way to financial freedom. Passive income is the only way that you will ever be free from worrying about money and the only way that you will ever reach financial independence.

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Im going to discuss my seven favorite passive income sources, income streams I use to make money every 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.

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

Im going to start with the easy passive income thoughts, the ones which you can start making money on instantly and will operate through to the ones youll make the maximum money on as we go through the listing so be sure you stick around to grab those last couple of passive income plans.

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