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There are tons of articles out there confusing passive income with residual income. But in the financial world, residual income has an entirely different meaning. Also called disposable income, residual income isnt really a type 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 the way to earn it. There are numerous ways to earn passive income, including from:

Stock returns: Dividends you get paid from any shares you own, which earn you money long after their purchase.

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Investment properties: Rent you receive from a property propertyresidential or commercial. Yes, the house needs to be maintained, however, the earnings still flow in each month.

Book sales: Royalties an author receives for writing a novel. Generally, they have paid a percentage of the retail or net cost of every publication soldin perpetuity.

In each of these circumstances, your one-time investment consistently provides you with 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, which includes products like e-books, how-to guides, or online classes. Essentially, the entrepreneur sells their expertise through these pre-prepared online productsindividuals purchase the e-book or online training to gain access to the specialists knowledge.

Since the entrepreneur has already 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 these )!

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

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Of course, the selling of manufactured products or merchandise is an age-old source of income, but can it be passive income It could be, depending on the business model. Some of the most common sources of passive income through merchandise sales are:

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

Affiliate Programs: As an affiliate, you promote a companys products or services on your website, and you receive a percentage of the selling when someone clicks from your site to purchase it. If your website gets a lot of traffic, you could earn a pretty penny from affiliate links!

This is what dreams are made from. Youre making money even when you arent doing anything. This means that even when 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 your corporate job would be, no matter how hard you work, no matter how fantastic you're in your work, no matter how much additional time you log, there will always be a limit to your incomethats the word salary cap exists.

Unlike your company salary, passive income has no limitations. Want to earn 7 figures Then begin investing!

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You can work your ass off to make money but youll never get anywhere until you start making passive income. I make money on seven different income sources but some of them take a good deal of work.

Passive income Homepage is money you make out of a solution or an investment where you dont need to do any more work once you put this up. That means consistent cash flow every month whether youre working or not.

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Thats the only true way to financial freedom. Passive income is the only way that you will be free of worrying about money and the only way that you could ever achieve financial independence.

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Im going to share my seven popular passive income resources, income flows I use to create money every month. Now Im not going to sugar coat this, a few of them are going to take work but will mean thousands per month you can count on.

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

Im going to start with the simple passive income thoughts, the ones you can start making money on immediately and will operate through to the ones informative post youll make the most money on as we go through the listing so be sure you stick around to grab those last few passive income strategies.

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