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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 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 article, then youre probably interested in passive incomeand how to earn it. There are numerous ways to earn passive income, including from:

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

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Investment properties: Rent you receive from a real estate propertyresidential or commercial. Yes, the house needs to be maintained, but the earnings still stream in each month.

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

In each these cases, your one-time investment consistently provides you with an income at the same time you sit back and collect on it. What could be greater than that!

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In the entrepreneurial world, another popular form of passive income is click-to-purchase content, which includes products like e-books, how-to guides, or online courses. Essentially, the entrepreneur sells their expertise by means of these pre-prepared online productsindividuals buy the e-book or online training to gain entry to the specialists knowledge.

Since the entrepreneur has prepared the content, they all need to do is watch the money roll in (of course, only once theyve gained a following and promoted the hell out of these )!

In the electronic era, 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 products is an age-old source of income, but can it be passive income It could be, depending on the business model. Two of the most common sources of passive income via product sales are:

Product Distribution: Companies that enable individuals to become product distributors and earn a visite site return on their clients buys are another source of passive income. Like any other type of passive income, if you invest up-front (by recruiting loyal customers), the long-term rewards can be huge!

Affiliate Programs: As an affiliate, you market a companys goods or services on your site, and you receive a percentage of their selling when someone clicks other from your site to buy it. If your site gets lots of traffic, then you can earn a penny from affiliate links!

That is exactly what dreams are made from. Youre making money even when you arent doing anything. This means that even when 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 read the article is, no matter how hard you work, no matter how fantastic you're in your job, no matter how much additional time you log, then there will always be a limit to your incomethats why the word salary limit 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 butt off to make money but youll never get anywhere until you start making passive income. I make money on seven different income sources but some of them take a lot of work.

Passive income is money you earn from a product or an investment in which you dont need to do any more work once you set it up. That means consistent cash flow each month whether youre working or not.

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Thats the only real way to financial freedom. Passive income is the only way you will be free of worrying about money and the only way that you could ever reach financial independence.

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Im going to discuss my seven popular passive income resources, income streams I use to create money each month. Now Im not going to sugar coat this, some of these 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 register to the YouTube channel. Its free and were growing a fantastic community. Register and Join the Community.

Im going to begin with the simple passive income thoughts, the ones which you can start making money on immediately and will work through to the ones youll make the most money on as we proceed through the list so be sure you stick around to catch those last few passive income plans.

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