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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 really 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 guide, then youre likely interested in 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 stocks 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, but 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 cost of each book soldin perpetuity.

In each these cases, your one-time investment consistently provides you with 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 type of passive income is click-to-purchase content, which includes products such as e-books, how-to guides, or online courses. Essentially, the entrepreneur sells his/her expertise by means of these pre-prepared online productsindividuals buy 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 once theyve gained a following and promoted the hell out of themselves)!

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

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Of course, the selling of manufactured products or merchandise is an age-old source of income, but can it be passive income it might be, depending on the business model. Two of the most common sources of passive income via merchandise sales are:

Item Distribution: Companies that enable individuals to become merchandise vendors and earn a return on their clients buys are another source of passive income. Like any other type of passive income, if you invest up-front (by recruiting loyal customers), the long-term rewards can be enormous!

Affiliate Programs: As an affiliate, you market a companys products or services on your website, and you get a percentage of their selling when someone clicks from your site to buy it. If your site gets a lot of traffic, you can earn a penny out of affiliate links!

This is 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 occupation is, no matter how hard you work, no matter how fantastic you are at your work, no matter how much extra time you log, then there will 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 7 figures Then begin investing!

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You can work your ass off to earn 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 lot of work.

Passive income is money you earn out of a solution or an investment where you dont need you can try here to do any more work once you set this up. That means consistent cash flow each month whether youre working or not.

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Thats the only true way to financial freedom. Passive income is the only way that you will be free from 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 sources, income flows 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 excellent movies on making money and making your money work for you, dont forget to register 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 thoughts, the ones which you can begin making money on instantly and will operate through to the ones youll make the most money on as we proceed through the list so be sure to stick around to grab those last few passive income plans.

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