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There are many opportunities out there to make residual income in network marketing. Nonetheless, this is NOT one of these shady things. 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 terrific way to generate money while you sleep. But since it costs a lot to purchase a house, using a crowdfunding system to invest in property can be a less expensive option.
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If you want an easy, low-cost method 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 property products through real estate investment trusts.
Another company to consider is Rich Uncles as you can start investing in real estate with as little as $5.
Even though they promote an option to begin with $500, once you enroll free of charge you can browse their offerings. They really have a Student Housing REIT which has a minimum investment of $5.
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Their intention is to make real estate investing accessible to everyone and that is exactly what they are doing.
Dividend income is money paid to investors of shares in the form of cash in your bank account. Dividend-paying stocks are particularly enticing for individuals wanting to earn a living with passive income, as 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 folks money who dont qualify for traditional financing. With investment returns in the 3-8% range, investing money with 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're looking for a lower risk option, check out 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.
This means if for some reason you need your money back, you are able to get it quickly and easily.
The less money youre paying in interest to creditors, the more money you have in your pocket each month. Talk about a very simple form of passive income. Getting out of debt quickly can increase your income even more since youre no longer paying interest to lenders each month.
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One method to speed up your debt payoff would be to decrease your interest rate. In case you've got high-interest debt you want to find a lower interest rate on, have a look at Credible, which features 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 create consistent income and not lose your money since CIT FDIC insured.
Once the initial work of creating the publication is done, selling novels can be a fantastic way to produce some severe residual income.
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. Obviously, the longer you spend marketing your books, the more money youll make.
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Have you got an excess room that you rarely use Why not rent it out to someone looking for a short-term rental on Airbnb. Millions of individuals 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 space following a guess leaves. This may 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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In case you've got a site already then this really is a no-brainer. Some people are making over $50,000 per month just 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. Thats the cost for getting a site host a company that stores your site on servers so it can be seen on the Internet.  Click here to find special pricing of $2.95/month using Bluehost.