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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 stocks you own, which earn you money long after their purchase.

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

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

In all these cases, your one-time investment consistently provides you with an income while 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, which includes products such as e-books, how-to guides, or online courses. Essentially, the entrepreneur sells his/her expertise through these pre-prepared online productsindividuals purchase the e-book or online training to gain entry to the experts knowledge.

Since the entrepreneur has prepared the content, they all need to do is watch the money roll in (of course, only after theyve gained a following and promoted 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 goods or merchandise 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 through merchandise sales are:

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

Affiliate Programs: As an affiliate, you promote a companys products or services on your site, and you get a percentage of their sale when someone clicks from your site to buy it. If your website gets lots of traffic, then you could earn a pretty penny from affiliate links!

This is what dreams are made from. 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 a corporate occupation is, no matter how hard you work, no matter how fantastic company website you're in your work, no matter how much extra time you log, there'll always be a limitation to your incomethats the word salary limit exists.

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

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Curious how to produce passive income work 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 a number of them require a good deal of work.

Passive income is money you earn from a product or an investment where you dont need to do any more work once you put 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 you will ever be free of 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 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 per month you can count on.

In case you Get More Info want more excellent videos on making money and making your money work for you, dont forget to subscribe to the YouTube channel. Its free and were growing a great community. Subscribe and Join the Community.

Im going to begin with the simple passive income ideas, the ones you can begin making money on immediately and will work through into the ones youll create the most money on as we go through the listing so make sure you stick around to grab those last couple of passive income strategies.

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