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There are so many opportunities out there to make residual income in network marketing. However, this is NOT one of these shady things. All these are legit ways for you to make money while you sleep with something that fits your passion, experience, or skill-set.
Real estate can be a great way to generate money while you sleep. However, since it costs so much to purchase a home, using a crowdfunding platform to invest in real estate can be a less expensive option.
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 begin 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 small as 5.
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Even though they promote an option to begin with $500, once you register free of charge you can browse their offerings. They really have a Student Housing REIT that has a minimum investment of $5.
Their goal is to produce real estate investing accessible to everyone and that's exactly what they're 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 make 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. .
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If you are going to go this route, be certain 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 additional people 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 outcomes than a common savings or money market account.
If you're 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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This means if for any reason you need your money back, you can get it quickly and easily.
The money youre paying in interest to lenders, the more money you've got in your pocket each month. Talk about a very simple form of passive income. Getting out of debt fast can increase your income even more because youre no longer paying interest to lenders each month.
One method to speed up your debt payoff would be to decrease your interest rate. If you've got high-interest debt you want to get a lower interest rate on, have a look at Credible, which features loan rates as low as 4.99% to refinancing your credit card debt.
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Are you looking for a low-risk way to produce passive income Then look at opening a high-yield savings account with an online bank like CIT Bank that pays 19 times greater than traditional banks. CIT is currently are paying 1.55percent which is unreal.
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 books can be a fantastic way to create some serious residual income.
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Once your book is available on a website like Amazon, you could get a check each month for doing absolutely nothing. Note that spending some time developing an effective marketing plan is essential. Obviously, the more time you spend marketing your publications, the more money youll earn.
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 continue reading this truly passive income. My friend Steve and his wife make over $1000 per 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 just like Michelle who teaches others how to make money online with her course Making Sense of Affiliate Marketing.
If you dont have a website, you can begin one for less than $3/month. Thats the price for getting a site host a company that stores your website on servers so that it can be viewed on the Internet.  Click here to find special pricing of $2.95/month with Bluehost.