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There are many opportunities out there to make residual income in network marketing. Nonetheless, this is NOT one of these shady things. 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 great way to make money while you sleep. But since it costs a lot to buy a house, using a crowdfunding system 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 property investment trusts.
Another company to consider is Rich Uncles as you can begin 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 for free 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 available 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 particularly enticing for individuals wanting to earn a living with passive income, since they'll get payouts every 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, make certain 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 other folks 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 greater income results than a common savings or money market account.
If you are looking for a lower risk option, check out Worthy. They offer $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 any reason you need your money back, then you can get it quickly and easily.
The less money youre paying in interest to lenders, the more money you have in your pocket every month. Talk about a very simple form of passive income. Getting out of debt fast can increase your income even more since youre no longer paying interest to lenders each month.
One way to speed up your debt payoff is to lower your interest rate. If you've got high-interest debt you want to find a lower interest rate on, check out 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 produce passive income Then look at 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'll be a safer way to create 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.
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Once your book can be found on a site like Amazon, you could receive a check every month for doing nothing. Note that spending some time developing an effective marketing plan is vital. 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 suspect leaves. This will 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 her comment is here bedrooms.
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If you have a site already then this is a no-brainer. Some people are making over $50,000 per month like Michelle who teaches others how to earn money online with her class Making Sense of Affiliate Marketing.
In case you dont have a website, you can begin one for less than $3/month. Thats the cost for getting a site host a company that stores your site on servers so that it can be viewed on the Internet.  Click here to get special pricing of $2.95/month using Bluehost.