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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 called disposable income, residual income isnt actually a type 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 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 get from a real estate propertyresidential or commercial. Yes, the property needs to be maintained, but the earnings still stream in each month.

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

In all of these cases, 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 type 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 through these pre-prepared online productsindividuals buy the e-book or online training to gain access 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 these )!

In the electronic era, 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 is it passive income it might be, depending on the business model. Some of the most common sources of passive income via merchandise sales are:

Product Distribution: Companies that enable individuals to become merchandise vendors and earn a return on their clients purchases are another source of passive income. As with any other sort of passive income, should you invest up-front (by recruiting faithful clients ), the long-term rewards can be enormous!

Affiliate Programs: As an affiliate, you market a companys goods or services on your site, and you receive a percentage of their sale when someone clicks from your site to buy it. If your site gets a lot of traffic, then you can earn a pretty penny from affiliate links!

This is exactly 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 job would be, no matter how hard you work, no matter how fantastic you are in your work, no matter how much extra time you log, then there'll always be a limit to your incomethats the term salary cap exists.

Unlike your company salary, passive income has no limits. Want to earn 7 figures Then start 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 require a lot of work.

Passive income is money you earn from a solution or an investment where you dont have to do any more work after you set it 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 of 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 flows I use to create money every month. Now Im not going to sugar coat this, some of them are going to take work but may mean thousands per month you can count on.

If you want more excellent videos on making money and making your money work for you, dont forget to register to this YouTube channel. Its completely free and were growing a fantastic community. Register and Join the Community.

Im going to start with the easy passive income thoughts, the ones which Full Article you can begin making money on instantly and will operate through into the ones youll create the most money on as we go through the list so be sure to stick around to grab those last few passive income plans.

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