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

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

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

In all of 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 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 courses. Essentially, the entrepreneur sells his/her expertise by means of these pre-prepared online productsindividuals purchase the e-book or online training to gain entry to the experts knowledge.

Since the entrepreneur has already prepared the content, all they need to do is watch the money roll in (obviously, only once theyve gained a following and promoted the hell out of themselves)!

In the digital age, 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 products is an age-old source of income, but can it be passive income It could be, depending on the business model. Two of the most common sources of passive income via merchandise sales are:

Product Distribution: Companies that enable individuals to become product vendors 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: As an affiliate, you market a companys goods or services on your website, and you receive a percentage webpage of the selling when someone clicks from your site to purchase it. If your website gets lots of traffic, then you could earn a pretty penny from affiliate links!

That is what dreams are made of. 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 is, no matter how hard you work, no matter how fantastic you are at your job, no matter how much extra time you log, 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 seven figures Then begin investing!

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Curious how to produce passive income for you Contact us -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 ass off to make 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 have to do any more work once you put this 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 that you will be free from worrying about money and the only way you will ever achieve financial independence.

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Im going to share my seven popular passive income resources, income streams I use more helpful hints to make money every month. Now Im not going to sugar coat this, a few of these are going to take work but will mean thousands a month you can count on.

In case you want more great movies on making money and making your money work for you, dont see this site forget to register to this YouTube channel. Its completely free and so were growing a fantastic community. Subscribe and Join the Community.

Im going to start with the easy passive income ideas, the ones you can start making money on instantly and will operate through to the ones youll create the most money on as we proceed through the list so make sure to stick around to catch those last few passive income plans.

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