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There are many opportunities out there to create residual income in network marketing. However, this is NOT one of those shady things. All these are legit ways for you to make money while you sleep with something that satisfies your passion, experience, or skill-set.
Real estate can be a terrific way to make money while you sleep. However, since it costs so much to buy a house, using a crowdfunding platform to invest in real estate 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 begin 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 begin investing in real estate with just as little as 5.
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Although they promote an option to start with $500, once you register for free you can navigate their offerings. They really have a Student Housing REIT that has a minimum investment of $5.
Their intention is to make real estate investing accessible to everyone and that's just what they're doing.
Dividend income is money paid to investors of shares in the shape of money in your bank account. Dividend-paying stocks are especially enticing for those wanting to earn a living with passive income, as 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 sure 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 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 a lot greater income outcomes than a common savings or money Clicking Here market account.
If you are 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 that you can take it out at anytime.
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This means if for some reason you need your money back, then you are able to access 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 simple kind of passive income. Getting out of debt quickly can increase your income even more since youre no longer paying interest to creditors each month.
One way to speed up your debt payoff is to sites decrease your interest rate. In case 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% for refinancing your credit card debt.
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Are you looking for a low-risk method 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 that's unreal.
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 great method to create some serious residual income.
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Once your book can be found on a site like Amazon, you can receive a check every 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.
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 per month renting out their spare bedrooms.
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In case you've got 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 make money online with her course Making Sense of Affiliate Marketing.
If you dont have a website, you can start one for less than $3/month. Thats the price 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 with Bluehost.