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There are so many opportunities out there to make residual income in network marketing. Nonetheless, this is NOT one of those shady things. These are legit ways for you to earn money while you sleep using something that satisfies your passion, experience, or skill-set.
Real estate can be a great way to generate money while you sleep. But since it costs so much to purchase a home, using a crowdfunding system to invest in real estate 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 more than 48 property products through property investment trusts.
Another company to consider is Rich Uncles since you can start investing in real estate with as little as 5.
Even though they promote an option to start with $500, once you enroll free of charge you can navigate their offerings. They really have a Student Housing REIT which has a minimum investment of $5.
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Their goal is to produce real estate investing accessible to everyone and that's exactly what they are doing.
Dividend income is money paid to investors of shares in the form of cash in your bank account. Dividend-paying stocks are particularly enticing for those 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, ensure you educate yourself and pick 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 3-8percent range, investing money using a company like Lending Club can get you much greater income results than a common savings or money market account.
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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, which means 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.
The less money youre paying in interest to lenders, the more money you've got in your pocket every month. Talk about a very simple form of passive income. Getting out of debt quickly can increase your income even more since youre no longer paying interest to lenders each month.
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One way to speed up your debt payoff would be to decrease your interest rate. In case you've got high-interest debt you want to find a lower interest rate on, have a look at Credible, which features loan amounts as low as 4.99% to refinancing your credit card debt.
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Although this wont make you filthy rich, it'll be a safer way to create consistent income and not lose your money this page since CIT FDIC insured.
Once the initial task of creating the publication is done, selling books can be a great method to create some serious residual income.
Once your book is available on a website like Amazon, you could receive a check each month for doing 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 make.
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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 in a hotel, sometimes even for months at a time.
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 spare bedrooms.
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In case you've got a website already then this is a no-brainer. Some folks are making over $50,000 a month like Michelle who teaches others how to make money online with her class Making Sense of Affiliate Marketing.
If you dont have a web site, you can begin one for less than $3/month. Thats the cost for getting a site sponsor 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 with Bluehost.