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There are many opportunities out there to make residual income in network marketing. However, this is NOT one of these shady things. All these are legit means 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 make money while you sleep. But since it costs so much to buy a house, using a crowdfunding system to invest in property can be a less expensive option.
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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 get started and you can invest in more than 48 real estate products through property investment trusts.
Another company to consider is Rich Uncles since you can begin investing in real estate with just as little as 5.
Although they promote an option to begin with $500, once you enroll for free you can browse their offerings. They really have a Student Housing REIT that has a minimum investment of $5.
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Their goal is to make real estate investing accessible to everyone and that is exactly 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 every quarter or so. Even Warren Buffet historically is a fan of dividend-paying stocks. .
If you're going to go this route, make sure you educate yourself and select solid stocks so that you can depend on for dividend income for 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 3-8% range, investing money using a company like Lending Club can get you much higher income results than a typical savings or money market account.
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If you're looking for a lower risk option, check out Worthy. They offer $10 bonds and pay a 5% return. One unique thing about them is that your money is liquid, which means you can take it out at anytime.
This means if for some reason you need your money back, 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 very simple kind of passive income. Getting out of debt fast can increase your income even more since youre no longer paying interest to lenders each month.
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One method to boost 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 amounts as low as 4.99% for refinancing your credit card debt.
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While 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 books can be a fantastic method to produce some serious residual income.
Once your book can be found on a website like Amazon, you can receive a check every month for doing absolutely nothing. Note that spending some time developing an effective marketing plan is vital. Evidently, the longer you spend marketing your books, the more money youll earn.
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Do you have an extra room that you rarely use Why not rent it out to someone looking for a short-term rental on Airbnb. Millions of people use Airbnb to find a place to stay instead of staying at a resort, sometimes even for Discover More months at a time.
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 bedrooms.
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If you have a website already then this is a no-brainer. Some people are making over $50,000 a month like Michelle who teaches others how to earn money online with her class Making Sense of Affiliate Marketing.
If you dont have a web site, you can start one for less than $3/month. Thats the cost for getting a website sponsor a company that stores your website on servers so that it can be viewed on the Internet.  Click here to get special pricing of $2.95/month using Bluehost.