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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 the way to earn it. There are numerous ways to earn passive income, including from:

Stock returns: Dividends you receive 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 real estate propertyresidential or business. Yes, the house needs to be maintained, however, the earnings still stream in every month.

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

In all these cases, 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, that includes products such as e-books, how-to guides, or online classes. Essentially, the entrepreneur sells his/her expertise by means of these pre-prepared online productsindividuals purchase the e-book or online training to gain entry to the experts knowledge.

Since the entrepreneur has prepared the content, all they need to do is watch the money roll in (of course, only after theyve gained a following and promoted the hell out of themselves)!

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

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Obviously, 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 via product sales are:

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

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

This 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 is, no matter how hard you work, no matter how fantastic you are at your work, no matter how much extra time you log, there'll always be a limitation to your incomethats why the term salary cap 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 earn 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 take a good deal of work.

Passive income is money you make from a solution or an investment where you dont have to do any more work after you set this up. That means consistent cash flow every month if use this link youre working or not.

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Thats the only real way to financial freedom. Passive income see page is the only way 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 share my seven popular passive income sources, income streams I use to create money every month. Now Im not going to sugar coat this, a few of these are going to take work but may 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 register to the YouTube channel. Its free and were growing a fantastic community. Register and Join the Community.

Im going to begin with the easy passive income thoughts, the ones which you can start making money on immediately and will work through into the ones youll make the maximum money on as we proceed through the listing so make sure to stick around to grab those last few passive income plans.

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