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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 actually a type 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 get 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 real estate propertyresidential or commercial. Yes, the house needs to be maintained, however, the earnings still flow in every month.

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

In all of these cases, your one-time investment consistently provides you with 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 type of passive income is click-to-purchase content, that 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 purchase the e-book or online training to gain access 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 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 products 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 via merchandise sales are:

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

Affiliate Programs: As an affiliate, you promote a companys products or services on your website, and you receive a percentage of the sale when someone clicks from your site to buy it. If your site gets a lot of traffic, then you could earn a pretty penny out of 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 a corporate job is, no matter how hard you work, no matter how fantastic you're at your job, no matter how much additional time you log, then there'll always be a limit to your incomethats why the term salary limit exists.

Unlike your company salary, passive income has no limits. Want to earn 7 figures Then begin investing!

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Curious how to make passive income work for you Contact us -LRB-858-RRB- 837-1505 or even www.sixfigureprofession.com for more information about how Six Figure Profession can help you gain financial freedom.

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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 a number of them require a lot of work.

Passive income is money you earn from a solution or an investment in which you dont need to do any more work after you put this up. That means consistent cash flow every month if youre working or not.

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Thats the only true way why not check here to financial freedom. Passive income is the only way that 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 favorite passive income resources, income streams I use to create money each month. Now Im not going to sugar coat this, some of them are going to take work but will mean thousands a month you can count on.

In case you want more great movies on making money and making your money work for you, dont forget to subscribe to the YouTube channel. Its completely free and so were growing a great community. Subscribe and Join the Community.

Im going to begin with the easy passive income ideas, the ones you can begin making money on immediately and will operate through to the ones youll make the maximum money on as we proceed through the list so be sure to stick around to catch those last couple of passive income plans.

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