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There are many opportunities out there to make residual income in network marketing. However, this is NOT one of those shady things. These are legit means for you to earn money while you sleep using something that fits your passion, experience, or skill-set.
Real estate can be a great way to make money while you sleep. However, since it costs a lot to buy 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 method to invest in income-producing commercial real estate, consider using a company like Fundrise. You only need $500 to get started and you can invest in more than 48 property products through real estate investment trusts.
Another company to consider is Rich Uncles since you can begin investing in real estate with just as little as $5.
Even though they promote an option to begin with $500, once you enroll for free you can navigate their offerings. They actually have a Student Housing REIT that has a minimum investment of $5.
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Their goal is to make real estate investing accessible to everyone and that's exactly what they are doing.
Dividend income is money paid to investors of stocks in the shape of cash in your bank account. Dividend-paying stocks are especially enticing for those wanting to make a living with passive income, as they'll get payouts every quarter or so. Even Warren Buffet historically is a fan of dividend-paying stocks. .
If you are going to go this route, make sure that you educate yourself and pick solid stocks so 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 3-8% range, investing money with a company like Lending Club can get you a lot greater income outcomes 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 offer $10 bonds and pay a 5 percent 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 some 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 kind of passive income. Getting out of debt fast can increase your income even more because youre no longer paying interest to lenders every month.
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One way to speed up your debt payoff would be to decrease your interest rate. If you've got high-interest debt you want to get 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 will be a safer way to make consistent income and not lose your money since CIT FDIC insured.
Once the initial task of creating the see here now publication is done, selling novels can be a fantastic method to produce some severe residual income.
Once your book is available on a website like Amazon, you can get a check each month for doing nothing. Note that spending some time developing an effective marketing plan is essential. Obviously, the longer you spend marketing your publications, the more money youll earn.
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Have you got an extra room that you seldom use Why not rent it out to someone looking for a temporary rental on Airbnb. Millions of people use Airbnb to find a place to stay instead of staying at 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 bedrooms.
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In case you've got a site already then this is a no-brainer. Some folks are making over $50,000 per month like Michelle who teaches others how to make money online with her class Making Sense of Affiliate Marketing.
In case you dont have a web site, you can start one for less than $3/month. Thats the price for getting a website host a company that stores your site on servers so that it can be seen on the Internet.  Click here to find special pricing of $2.95/month with Bluehost.