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I labored a traditional 9 to 5 job for many years and eventually I have burned out. Do you know what that feels like I knew I wanted more freedom and the idea 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 idea where to start.

This pursuit led me to begin this blog in which I now make over $6,000 a month, however, 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 Space in Your House8. Affiliate Marketing9. Create a Lead Generation Website10. Sell Products on Amazon11. Cash Back Earnings With Benefits Shopping Sites12.  Create an Online Store with Drop Shipping13.

Produce YouTube Videos15.  Start a Business and Have Someone Run it16. Purchase a Vending Machine Business17.  License Your Photos18. Create 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 have multiple income streams that are passive, so many of which I shall mention below.

By choosing the right resources of passive income, you can invest your time the way which you want to. Passive income is a way of look what i found buying back more time.

There are so many opportunities out there to create residual income in network marketing. However, this is NOT one of those 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.

The 7-Minute Rule for Passive Income Streams

Real estate can be a great way to make money while you sleep. However, since it costs so much to buy a house, using a crowdfunding platform to invest in real estate can be a more affordable option.

If you want an easy, low-cost method to invest in income-producing commercial property, 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.

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

Their intention is to produce real estate investing go right here accessible to everyone and that's exactly what they're doing.

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Dividend income is money paid to investors of stocks in the kind of money in your bank account. Dividend-paying stocks are especially enticing for those wanting to earn 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're going to go this route, be certain that 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 other people 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 a lot higher income outcomes than a common savings or money market account.

If you're looking for a why not find out more lower risk option, check out Worthy. They offer $10 bonds and pay a 5% return. One unique thing about them is that your money is liquid, which means that you can take it out at anytime.