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There are tons of articles out there confusing passive income with residual income. But in the financial world, residual income has an entirely different meaning. Also known as disposable income, residual income isnt really 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 guide, 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 commercial. Yes, the house needs to be maintained, but the earnings still flow in every month.

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

In all these circumstances, your one-time investment consistently provides you with an income at the same time 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 classes. Essentially, the entrepreneur sells their expertise through these pre-prepared online productsindividuals purchase the e-book or online training to gain access to the experts knowledge.

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

In the electronic age, 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 goods or merchandise is an age-old source of income, but is it passive income it might be, depending on the business model. Some of the most common sources of passive income via merchandise sales are:

Product Distribution: Companies that enable individuals to become product vendors and earn a return on their customers buys are another source of passive income. Like any other sort of passive income, should you invest up-front (by recruiting click over here faithful customers), the long-term benefits can be huge!

Affiliate Programs: As an affiliate, you promote 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, then you could earn a penny out of affiliate links!

This is exactly what dreams are made of. Youre making money even when you arent doing anything. This means that even if youre sick, traveling, or dont feel like why not try this out working, the money youre your passive income source(s) continues to roll in.

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The thing about earning money from a corporate job would be, no matter how hard you work, no matter how fantastic you're in your job, no matter how much extra 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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You can work your ass off to earn money but youll never get anywhere until you start making passive income. I make money on seven different income sources but a number of them take a good deal of work.

Passive income is money you earn from a solution or my site an investment where you dont have to do any more work once you set this up. That means consistent cash flow every month whether youre working or not.

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Thats the only true way to financial freedom. Passive income is the only way that you will ever be free from worrying about money and the only way you will ever achieve financial independence.

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Im going to share my seven popular passive income sources, income flows I use to create money every month. Now Im not going to sugar coat this, some of them are going to take work but will mean thousands a month you can count on.

In case you want more excellent movies 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 fantastic community. Register and Join the Community.

Im going to begin with the easy passive income ideas, the ones you can start making money on instantly and will operate through into the ones youll make the most money on as we proceed through the list so make sure you stick around to catch those last few passive income plans.

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