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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 called disposable income, residual income isnt actually 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 interested in passive incomeand how 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 receive from a property propertyresidential or business. Yes, the house needs to be maintained, however, the earnings still stream in each month.

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

In each of these circumstances, your one-time investment consistently offers you an income at the same time 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 like e-books, how-to guides, or online courses. Essentially, the entrepreneur sells their expertise through these pre-prepared online productsindividuals purchase the e-book or online training to gain entry to the experts knowledge.

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

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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Obviously, the selling of manufactured goods or merchandise 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 product distributors and earn a return on their customers purchases are another source of passive income. Like any other sort of passive income, should you invest up-front (by recruiting loyal customers), the long-term benefits can be huge!

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

That is what dreams are made from. 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 the word salary cap exists.

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

 

 

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Curious how to make passive income work for you Contact us at -LRB-858-RRB- 837-1505 or 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 take a lot of work.

Passive income is money you make out of a product or an investment in which you dont have to do any more work after you set this up. That means consistent cash flow every month whether youre working or not.

 

 

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Thats the only real way to financial freedom. Passive income is the only way that you will ever be free of worrying about money and the only way that you will ever reach financial independence.

 

 

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Im going to discuss my seven favorite passive income resources, income flows I use to create money each month. Now Im not going to sugar coat this, a few of these are going to take work but may mean this thousands a month you can count on.

If you want more excellent movies on making money and making your money work for you, dont forget to subscribe to the YouTube channel. Its completely free and were growing a fantastic community. Subscribe and find more 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 operate through into the ones youll make the most money on as we proceed through the listing so be sure you stick around to grab those last couple of passive income strategies.

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