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There are so many opportunities out there to make residual income in network marketing. However, this is NOT one of those shady things. These are legit ways for you to earn money while you sleep with 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 buy a home, using a crowdfunding system to invest in property can be a more affordable option.
If you want an easy, low-cost method 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 real estate investment trusts.
Another company to consider is Rich Uncles since you can start investing in real estate with as little as 5.
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Even though they promote an option to start with $500, once you register free of charge you can browse their offerings. They actually have a Student Housing REIT that has a minimum investment of $5.
Their intention is to produce real estate investing accessible to everyone and that is just what they are doing.
Dividend income is money paid to investors of shares in the shape of money in your bank account. Dividend-paying stocks are particularly enticing for those wanting to earn a living with passive income, as they'll get payouts each quarter or so. Even Warren Buffet historically is a fan of dividend-paying stocks. .
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If you're going to go this route, be certain that you educate yourself and select solid stocks so you can depend on for dividend income for many years to come.
Peer-to-peer lending is when you loan additional 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 higher income results than a typical savings or money market account.
If you're looking for a lower risk option, have a look at Worthy. They provide $10 bonds and pay a 5% return. One unique thing about these is that your money is liquid, so you can take it out at anytime.
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This means my response if for any reason you need your money back, you can get it quickly and easily.
The money youre paying in interest to creditors, the more money you've got in your pocket every month. Talk about a simple kind of passive income. Getting out of debt fast can increase your income even more because youre no longer paying interest to lenders every month.
One method to boost your debt payoff is to lower your interest rate. If you have high-interest debt you want to find a lower interest rate on, have a look at Credible, which offers loan amounts as low as 4.99% to refinancing your credit card debt.
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Are you looking for a low-risk method to make passive income Then look at opening a high-yield savings account with an online bank such as CIT Bank that pays 19 times greater than traditional banks. CIT is currently are paying 1.55percent that's unreal.
Although this wont make you filthy rich, it'll be a safer way to make consistent income and not lose your money since CIT FDIC insured.
Once the initial task of creating the book is done, selling novels can be a fantastic way to create some severe residual income.
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Once your book is available on a website like Amazon, you can get a check each month for doing absolutely nothing. Note that spending some time developing an effective marketing plan is essential. Evidently, the longer you spend marketing your publications, the more money youll earn.
You can hire a maid service to clean and prep the space following 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 per month renting out their spare bedrooms.
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If you've got a website already then this is a no-brainer. Some people are making over $50,000 a month just like Michelle who teaches others how to make 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 get special pricing of $2.95/month using Bluehost.