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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 means for you to earn money while you sleep using something that fits your passion, experience, or skill-set.
Real estate can be a terrific way to generate money while you sleep. But since it costs so much to buy 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 begin and you can invest in more than 48 real estate products through property investment trusts.
Another company to consider is Rich Uncles as you can begin 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 which 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 stocks in the shape of cash 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 every 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 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 much higher income results than a common savings or money market account.
If you're looking for a lower risk option, check out Worthy. They offer $10 bonds and cover a 5% return. One unique thing about them is that your money is liquid, which means you can take it out at anytime.
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This means if for any reason you need your money back, you are able to get it quickly and easily.
The money youre paying in interest to lenders, the more money you've got in your pocket every 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 decrease your interest rate. In case you have high-interest debt you want to find a lower interest rate on, have a look at Credible, which features loan amounts as low as 4.99% to refinancing your credit card debt.
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Are you looking for a low-risk way to make passive income Then consider opening a high-yield savings account with an online bank such as CIT Bank that pays 19 times more than traditional banks. CIT is currently are paying 1.55% that's unreal.
Although 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 task of creating the publication is done, selling books can be a fantastic method to produce some serious residual income.
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Once your book is available on a site like Amazon, you can get a check each go to these guys month for doing nothing. Note that spending some time developing an effective marketing plan is essential. Obviously, the longer you spend marketing your publications, the more money youll earn.
You can hire a maid service to clean and prep the space after a guess leaves. This may eliminate work on your end and make it truly passive income. My friend Steve and his wife make over $1000 a month renting out their bedrooms.
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If you've got 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 earn 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 website sponsor a company that stores your site on servers so it can be seen on the Internet.  Click here to find special pricing of $2.95/month with Bluehost.