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There are tons of articles out there confusing passive income with residual income. However, in the financial world, residual income has an entirely different meaning. Also called disposable income, residual income isnt actually a sort of income, its a calculation that accountants work to determine what your income is after paying all expenses and debts.

If youre reading this article, then youre probably interested in passive incomeand the way to earn it. There are numerous ways to earn passive income, including from:

Stock returns: Dividends you get paid from any stocks you own, which earn you money long after their purchase.

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Investment properties: Rent you get from a property propertyresidential or business. Yes, the house needs to be maintained, but the earnings still stream in each month.

Book sales: Royalties an author receives for writing a novel. Generally, they have paid a percentage of their retail or net price of every publication soldin perpetuity.

In each of these cases, your one-time investment consistently provides you with an income while you sit back and collect on it. What could be better than that!

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In the entrepreneurial world, another popular type of passive income is click-to-purchase content, that includes products such as e-books, how-to guides, or online courses. Essentially, the entrepreneur sells their expertise through these pre-prepared online productsindividuals purchase the e-book or online training to gain entry to the experts knowledge.

Since the entrepreneur has already prepared the content, they all need to do is watch the money roll in (of course, only after theyve gained a following and marketed the hell out of these )!

In the digital era, knowledge is powerand money. Selling your knowledge through online merchandise is big business. Why not tap into it

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Of course, the selling of manufactured products or products is an age-old source of income, but is it passive income It could be, depending on the business model. Two of the most common sources of passive income via product sales are:

Product Distribution: Companies that enable individuals to become product distributors and earn a return on their clients purchases are another source of passive income. Like any other sort of passive income, should you invest up-front (by recruiting loyal customers), the long-term rewards can be enormous!

Affiliate Programs: As an affiliate, you market a companys products or services on your website, and you get a percentage of their selling when someone clicks from your site to purchase it. If your site gets lots of traffic, you could earn a pretty penny from affiliate links!

This read the full info here is exactly what dreams are made from. Youre making money even when you arent doing anything. This means that even when youre sick, traveling, or dont feel like working, the money youre your passive income source(s) continues to roll in.

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The thing about earning money from your corporate occupation is, no matter how hard you work, no matter how fantastic you're at your job, no matter how much additional time you log, then there will always be a limit to your incomethats why the term salary cap exists.

Unlike your company salary, passive income has no limits. Want to earn seven figures Then begin investing!

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Curious how to make passive income for you Contact us -LRB-858-RRB- 837-1505 or even www.sixfigureprofession.com for more information about how Six Figure Profession can help you gain financial freedom.

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You can work your butt off to earn money but youll never get anywhere until you start making passive income. I make money on seven different income sources but some of them take a good deal of work.

Passive income is money you earn out of a solution or an investment where you dont need to do any more work after you set this up. That means consistent cash flow every month if youre working or not.

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Thats the only true way to financial freedom. Passive income is the only way you will be free of worrying about money and the only way you could ever reach financial independence.

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Im going to discuss my seven popular passive income sources, income streams I use to like it make money each month. Now Im not going to sugar coat this, a few of them are going to take work but will mean thousands per month you can count on.

If you want more great videos on making money and making your money work for you, dont forget to subscribe to the YouTube channel. Its completely free and so were growing a great community. Register and Join the Community.

Im going to begin with the easy passive income thoughts, the ones which you can start making money on immediately and will operate through into the ones youll make the maximum money on as we go through the listing so make sure to stick around to original site catch those last couple of passive income strategies.

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