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There are tons of articles out there confusing passive income with residual income. However, in the financial world, residual income has an entirely different meaning. Also known as 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 probably interested in 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 shares you own, which earn you money long after their purchase.

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Investment properties: Rent you get from a property propertyresidential or commercial. Yes, the house needs to be maintained, however, the earnings still stream in every month.

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

In each of 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 better 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 by means of 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, all they need to do is watch the money roll in (obviously, only after 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 can it be passive income It could be, depending on the business model. Some of the most common sources of passive income via product sales are:

Product Distribution: Companies that enable individuals to become merchandise distributors and earn a return on their customers buys are another source of passive income. As with any other type 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 market a companys goods or services on your website, and you get a percentage of the sale when someone clicks from your site to purchase it. If your website gets a lot of traffic, you can earn a penny from affiliate links!

That is 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 your corporate job is, no matter how hard you work, no matter how fantastic you are at your job, no matter how much additional time you log, there will always be a limit to your incomethats the word salary limit exists.

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

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You can work your ass off to make money but youll never get anywhere until you start making Going Here passive income. I make money on seven different income sources but some of them take a lot of work.

Passive income is money you make from a product or an investment where you dont need to do any more work once you put it up. That means consistent cash flow each month if youre working or not.

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Thats the only true way to financial freedom. Passive income is the only way you will ever be free from worrying about money and the only way you could ever achieve financial independence.

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Im going to discuss my seven favorite passive income sources, income streams I use to make money each month. Now Im not going to sugar coat this, a few of them are going to take work but will mean 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 this YouTube channel. Its free and so were growing a great community. Subscribe and Join the Community.

Im going to start with the simple passive income thoughts, the ones you can begin making money on instantly and will work through to the ones youll make the most money on as we proceed through the list so be sure you stick around to grab those last couple of passive income plans.

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