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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 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 likely 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 get from a real estate propertyresidential or commercial. Yes, the house needs to be maintained, however, the earnings still flow in every month.

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

In each these circumstances, 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 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 their expertise through 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 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 products 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 product sales are:

Product Distribution: Companies that enable individuals to become merchandise distributors and earn a return on their clients buys 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 website, and you receive a percentage of their sale when someone clicks from your site to buy it. If your website gets a lot of traffic, you can earn a penny out of affiliate links!

That 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 Go Here source(s) continues to roll in.

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The thing about earning money from your corporate occupation would be, no matter how hard you work, no matter how fantastic you're in your work, no matter how much additional time you log, then there'll always be a limitation to your incomethats why the word salary cap exists.

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

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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 a number of them require a good deal of work.

Passive income is money you make from a product or an investment where you dont have to do any more work after you set it up. That means consistent cash flow every month if 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 ever be free of worrying about money and the only way that you will ever achieve financial independence.

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Im going to discuss my seven favorite passive income sources, income flows I use to make 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.

In case 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 so were growing a fantastic community. Subscribe and Join the Community.

Im going to begin with the easy passive income ideas, the ones which you can start making money on instantly and will operate through into the ones youll make the most money on as we proceed through the list so make sure you stick around to catch those last couple of read here passive income strategies.

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