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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 really a type 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 curious about passive incomeand how to earn it. There are numerous ways to earn passive income, including from:

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

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Investment properties: Rent you get from a real estate propertyresidential or commercial. Yes, the property needs to be maintained, however, the earnings still flow in each month.

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

In each of these cases, your one-time investment consistently offers you 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 like e-books, how-to guides, or online courses. Essentially, the entrepreneur sells their expertise through these pre-prepared online productsindividuals buy the e-book or online training to gain entry to the experts knowledge.

Since the entrepreneur has prepared the content, all they need to do is watch the money roll in (obviously, 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 products 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 might be, depending on the business model. Some of the most common sources of passive income via product sales are:

Item Distribution: Companies that enable individuals to become merchandise vendors and earn a return on their clients buys are another source of passive income. Like any other sort of passive income, if you invest up-front (by recruiting faithful clients ), the long-term benefits can be enormous!

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

This is what dreams are made from. Youre making money even when you arent doing anything. This means that even if 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 would be, no matter how hard you work, no matter how fantastic you're at your job, no matter how much additional time you log, there will always be a limit to your incomethats the word salary limit exists.

Unlike your company salary, passive income has no limitations. get more Want to earn seven figures Then start investing!

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Curious how to make passive income work for you Contact us at -LRB-858-RRB- 837-1505 or 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 ass off to make money but youll never get anywhere until you start making passive income. I make money on seven different income sources look at here now but some of them take a lot of work.

Passive income is money you make from a product or an investment where you dont have to do any more work after you put this up. That means consistent cash flow each month if 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 be free of worrying about money and the only way that you will ever achieve financial independence.

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Im going to share my seven favorite passive income sources, income streams I use to make money each month. Now Im not going to sugar coat this, a few of them are going to take work but straight from the source will mean thousands a month you can count on.

If you want more excellent 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 fantastic community. Subscribe and Join the Community.

Im going to begin with the easy passive income thoughts, the ones you can start making money on instantly and will work through into the ones youll make the maximum money on as we proceed through the list so make sure you stick around to grab those last few passive income strategies.

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