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There are 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 make money while you sleep. But because it costs a lot to purchase a house, using a crowdfunding platform to invest in property can be a less expensive option.
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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 get started and you can invest in more than 48 real estate products through property investment trusts.
Another company to consider is Rich Uncles since you can start investing in real estate with just as small as 5.
Even though they promote an option to begin with $500, once you enroll for free you can navigate their offerings. They actually have a Student Housing REIT which has a minimum investment of $5.
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Their goal is to make real estate investing accessible to everyone and that is just what they are doing.
Dividend income is money paid to shareholders of shares in the shape of cash 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 each quarter or so. Even Warren Buffet historically is a fan of dividend-paying stocks. .
If you're going to go this route, ensure that you educate yourself and pick solid stocks so that you can depend on for dividend income for many 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 with a company like Lending Club can get you much 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 provide $10 bonds and cover a 5 percent return. One unique thing about these is that your money is liquid, so you can take it out at anytime.
This means if for some reason you need your money back, then 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 kind of passive income. Getting out of debt fast can increase your income even more since youre no longer paying interest to creditors every month.
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One method to boost your debt payoff would be to decrease your interest rate. In case you have high-interest debt you want to get a lower interest rate on, check out Credible, which features loan amounts as low as 4.99% to refinancing your credit card debt.
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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 work of creating the publication is done, selling novels can be a fantastic method to create some serious residual income.
Once your book is available on a site like Amazon, you could receive a check each month for doing nothing. Note that spending some time developing an effective marketing plan is vital. Obviously, the more time you spend marketing your books, the more money youll earn.
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Have you got an extra room which 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 a place 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 after 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 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 per month like Michelle who teaches others how to earn money online with her class Making Sense of Affiliate Marketing.
If you dont have a web site, you can begin one for less than $3/month. Thats the price for getting a site 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 with Bluehost.