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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 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 article, then youre likely curious about 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 get from a real estate propertyresidential or commercial. Yes, the house needs to be maintained, however, the earnings still flow in each month.

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

In all 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 better 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 his/her expertise through these pre-prepared online productsindividuals buy 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 once theyve gained a following and marketed the hell out of these )!

In the electronic 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. Two of the most common sources of passive income through merchandise sales are:

Item Distribution: Companies that enable individuals to become merchandise distributors and earn a return on their customers purchases are another source of passive income. As with any other type of passive income, if you invest up-front (by recruiting loyal customers), the long-term benefits can be huge!

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

That 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 would be, no matter how hard you work, no matter how fantastic you are in your job, no matter how much additional time you log, then you could try these out there will always be a limitation to your incomethats the term salary limit exists.

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

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Curious how to make passive income for you Contact us at -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 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 require a lot of work.

Passive income is money you earn out of a product or an investment in which you dont need to do any more work after you put this up. That means consistent cash flow each month if 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 be free from worrying about money and the only way you will ever reach financial independence.

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Im going to discuss my seven popular 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 thousands per month you can count on.

In case you want more great videos 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 fantastic community. Register and Join the Community.

Im going to start with the easy passive income thoughts, the ones which you can begin making money web 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 few passive income strategies.

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