Multiple Passive Income Streams - The Facts

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I worked a traditional 9 to 5 job for many years and eventually I have burned out. Do you know what that feels like that I knew that I wanted more freedom and the idea of passive income became really appealing.

I'd heard of many people quitting and replacing their full-time job with passive income, but I had no clue where to get started.

This pursuit led me to begin this site in which I now make over $6,000 per month, but this is not the only way to make residual income.

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Table of ContentsWhat exactly is passive incomePassive Income Ideas1. Invest in Crowdfunded Real Estate2. Dividend Income3. Peer-to-Peer Lending4. Get Out of Debt5.  Open a High-Yield Account6. Write a Book7. Rent out a Room in Your House8. Affiliate Marketing9. Produce a Lead Generation Website10. Sell Products on Amazon11. Cash Back Earnings With Rewards Shopping Sites12.  Create an Online Store with Drop Shipping13.

Produce YouTube Videos15.  Start a Business and Have Someone Else Run it16. Buy a Vending Machine Business17.  License Your Photos18. Produce a Mobile App19. Rent Your Car for Advertisement Space20. Purchase an Existing Online Business21. Buy a Laundromat22. Open a Batting Cage23. Item Design24. Bond or CD Laddering25. Rent Your StuffSummary.

Passive income is where you get paid over and over again for work which you did once. I've got multiple income streams that are passive, so many of that I will mention below.

By choosing the ideal resources of passive income, you can invest your time the way that you want to. Passive income is a way of buying back more time.

There are many opportunities out there to make residual income in network marketing. Nonetheless, this is NOT one of those shady things. These are legit ways for you to useful link earn money while you sleep using something that fits your passion, experience, or skill-set.

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Real estate can be a great way to make money while you sleep. But because it costs so much to purchase a house, using a crowdfunding platform to invest in real estate can be a less expensive option.

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 property investment trusts.

Another company to consider is Rich Uncles since you can begin investing in real estate with as little as $5.

Although they promote an option to start with $500, once you register free of charge you can navigate their offerings. They really have a Student Housing REIT that has a minimum investment of $5.

Their goal is to make real estate investing available to everyone and that's exactly what they're doing.

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Dividend income is money paid to shareholders of shares in read this article the kind of money in your bank account. Dividend-paying stocks are especially enticing for individuals wanting to earn a living with passive income, since they'll get payouts every quarter or so. Even Warren Buffet historically is a fan of dividend-paying stocks. .

If you're going to go this route, be sure that you educate yourself and pick solid stocks so 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 using a company like Lending Club can get you a lot higher income outcomes than a common savings or money market account.

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If you are looking for a lower risk option, have a look at Worthy. They offer $10 bonds and pay a 5% return. One unique thing about them is that your money is liquid, so that you can take it out at anytime.

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