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There are tons of articles out there confusing passive income with residual income. But in the financial world, residual income has an entirely different meaning. Also called disposable income, residual income isnt really a sort of income, its a calculation that accountants perform to determine what your income is after paying all expenses and debts.

If youre reading this article, then youre likely curious about passive incomeand the way 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 property propertyresidential or commercial. Yes, the house needs to be maintained, however, the earnings still stream in every month.

Book sales: Royalties an author receives for writing a book. Generally, they get paid a percentage of the retail or net price of every publication soldin perpetuity.

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

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

Since the entrepreneur has already prepared the content, all they need to do is watch the money roll in (of course, 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 goods or merchandise 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 through product sales are:

Item Distribution: click this site Companies that enable individuals to become product distributors and earn a return on their clients purchases are another source of passive income. As with any other sort of passive income, if you invest up-front (by recruiting loyal customers), the long-term rewards can be enormous!

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

This is what dreams are made of. 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 job would be, no matter how hard you work, no matter how fantastic click over here now you are at your work, no matter how much extra time you log, there'll always be a limitation to your incomethats why the word salary cap exists.

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

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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 but a number of them require a good deal of work.

Passive income is money you earn from a product or an investment where you dont have to do any more work once you put this 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 you will ever achieve financial independence.

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Im going to share my seven favorite passive income resources, income flows I use to make money every month. Now Im not going to sugar coat this, a few of these are going to take work but will mean thousands per month you can count on.

In case you want more excellent videos on making money and making your money work for you, dont forget to subscribe to the YouTube channel. Its free and were growing a fantastic community. Register and Join the Community.

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

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