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-Affiliate Programs: Affiliate programs often fall in between passive and residual income. Although much of the groundwork has already by lain from the parent company, you might will need to do some job to take advantage of it.

If you can reach the point at which you're earning either passive or residual income (or both) then you know things are going right.

Making residual income with MLM marketing will take some time, bit it is definitely possible. In part four of this series we'll get into more detail about how to earn residual money with MLM network marketing. If you want to know more about to earn a residual income, click here to learn more. .

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I labored a traditional 9 to 5 job for many years and eventually I got burned out. Do you know what that feels like I knew that I wanted more freedom and the notion of passive income became really appealing.

I had heard of many people quitting and replacing their fulltime occupation with passive income, but I had no clue where to get started.

This pursuit led me to begin this blog in which I now make over $6,000 a month, but this is not the only way to make residual income.

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Table of ContentsWhat exactly is passive incomePassive Income Ideas1. Invest in Crowdfunded Real Estate2. Dividend Income3. Peer-to-Peer Lending4. Get Out of Debt5.  Open a High-Yield Account6. Compose a Book7. Rent a Room in Your House8. Affiliate Marketing9. Create a Lead Generation Website10. Sell Products on Amazon11. Money Back Earnings With Benefits Shopping Sites12.  Create an Online Store using Drop Shipping13.

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Produce YouTube Videos15.  Start a Business and Have Someone Run it16. Purchase a Vending Machine Business17.  License Your Photos18. Produce a Mobile App19. Rent Your Car for Ad Space20. Buy an Existing Online Business21. Purchase a Laundromat22. Open a Batting Cage23. Product Design24. Bond or CD Laddering25. Rent Your StuffSummary.

Passive income is where you get paid over and over again for work that you did once. I've got multiple income streams that are passive, many of which I will mention below.

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By choosing the right sources of passive income, you can invest your time the way that you want to. Passive income is a means of buying back more time.

There are so many opportunities out there to create residual income in network marketing. However, this is NOT one of these shady things. All these are legit ways for you to make money while you sleep using something that satisfies your passion, experience, or skill-set.

Real estate can be a terrific way to generate money while you sleep. However, because it costs so much to buy a house, using a crowdfunding platform to invest in property can be a more affordable option.

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If you want an easy, low-cost way to invest in income-producing commercial property, consider using a company like Fundrise.  You only need $500 to begin and you can invest in look at here now more than 48 real estate products through real estate investment trusts.

Another company to consider is Rich Uncles since you can begin investing in real estate with as little as 5.

Although they promote an option to start with $500, once you register for free you can navigate their offerings. They really have a Student Housing REIT which has a minimum investment of $5.

Their intention is to produce real estate investing accessible to everyone and that's exactly what they are doing.

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Dividend income is money paid to investors of shares in the form of money in your bank account. Dividend-paying stocks are particularly enticing for individuals wanting to make a living with passive income, since they will get payouts each quarter or so. Even Warren Buffet historically is a fan of dividend-paying stocks. .

If you are going to go this route, make sure 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 additional folks 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 greater 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 provide $10 bonds and cover a 5% return. One unique thing about these is that your money is liquid, so that you can take it out at anytime.

This means if for any reason you need your money back, you can get it quickly and easily.

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