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There are so 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 make money while you sleep using something that fits your passion, experience, or skill-set.
Real estate can be a terrific way to make money while you sleep. However, since it costs so much to purchase a home, using a crowdfunding platform to invest in property can be a more affordable option.
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If you want an easy, low-cost way 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 real estate products through real estate investment trusts.
Another company to consider is Rich Uncles as you can start investing in real estate with just as small as 5.
Even though they promote an option to start with $500, once you register for free you can browse their offerings. They actually have a Student Housing REIT that has a minimum investment of $5.
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Their intention is to produce real estate investing available to everyone and that is exactly what they're doing.
Dividend income is money paid to shareholders of stocks in the form of money in your bank account. Dividend-paying stocks are especially enticing for those wanting to earn a living with passive income, since they'll 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, ensure that you educate yourself and pick solid stocks so 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 3-8percent range, investing money using a company like Lending Club can get you a lot higher 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 percent return. One unique thing about them is that your money is liquid, so you can take it out at anytime.
This means if for some reason you need your money back, you are able to get it quickly and easily.
The money youre paying in interest to lenders, the more money you've got in your pocket every month. Talk about a simple form of passive income. Getting out of debt quickly can increase your income even more because youre no longer paying interest to creditors each month.
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One way to speed up your debt payoff would be to lower 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 rates as low as 4.99% to refinancing your credit card debt.
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Although this wont make you filthy sites 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 i was reading this the publication is done, selling books can be a fantastic method to create some serious residual income.
Once your book is available on a site like Amazon, you could receive a check each month for doing nothing. Note that spending some time developing an effective marketing plan is essential. Evidently, the more time you spend marketing your publications, the more money youll earn.
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Do you have an excess room which you rarely use Why not rent it out to someone looking for a temporary rental on Airbnb. Millions of people use Airbnb to find somewhere 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 guess leaves. This will eliminate work on your end and make it truly passive income. My friend Steve and his wife make over $1000 per month renting out their bedrooms.
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If you have a site already then this is a no-brainer. Some people 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.
If you dont have a web site, you can start one for less than $3/month. Thats the cost for getting get more a website sponsor a company that stores your site on servers so it can be viewed on the Internet.  Click here to find special pricing of $2.95/month using Bluehost.