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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 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 guide, then youre probably curious about passive incomeand how to earn it. There are numerous ways to earn passive income, including from:

Stock returns: Dividends you get 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 property propertyresidential or business. Yes, the property needs to be maintained, however, the earnings still flow in each month.

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

In each of these circumstances, your one-time investment consistently offers you an income while 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 classes. Essentially, the entrepreneur sells his/her expertise through these pre-prepared online productsindividuals purchase the e-book or online training to gain access to the experts 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 marketed the hell out of these )!

In the digital age, knowledge is powerand money. Selling your knowledge through online merchandise is big business. Why not tap into it

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Obviously, the selling of manufactured products or products is an age-old source of income, but is it passive income It could be, depending on the business model. Some of the most common sources of passive income through merchandise sales are:

Product Distribution: Companies that enable individuals to become merchandise vendors and earn a return on their customers buys are another source of passive income. Like any other sort of passive income, if you invest up-front (by recruiting faithful clients ), the long-term benefits can about his be huge!

Affiliate Programs: As an affiliate, you promote a companys products or services on your site, and you receive a percentage of the sale when someone clicks from your site to purchase it. If your website gets a lot of traffic, then you could earn a pretty penny from affiliate links!

That is exactly 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 a corporate job would be, no matter how hard you work, no matter how fantastic you're at your job, no matter how much additional time you log, there'll always be a limit to your incomethats why the term salary limit exists.

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

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You can work your butt off to check my source 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 good deal of work.

Passive income is money you make out of a solution or an investment in which you dont need to do any more work after you put it up. That means consistent cash flow every month if 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 could ever achieve financial independence.

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Im going to share my seven popular passive income resources, income streams I use to make money each month. Now Im not going to sugar coat this, a few of these are going to take work but will mean thousands a 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 great community. Register and Join the Community.

Im going to begin with the easy passive income ideas, the ones you can start making money on instantly and will operate through into the ones youll make the most money on as we go through the list so make sure to stick around to catch those last few passive income plans.

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