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I labored a traditional 9 to 5 job for many years and eventually I got burned out. Do you know what that feels like I knew I wanted more freedom and the notion of passive income became very appealing.

I had heard of many people quitting and replacing their fulltime job with passive income, but I had no idea where to get started.

This pursuit led me to begin this blog where I now make over $6,000 a month, however, this is not the only way to make residual income.

5 Easy Facts About Multiple Passive Income Streams Described


Table of ContentsWhat exactly is passive incomePassive Income Ideas1. Invest in Crowdfunded Real Estate2. Dividend Income3. Peer-to-Peer Lending4. Eliminate Debt5.  Open a High-Yield Account6. Write a Book7. Rent a Space in Your House8. Affiliate Marketing9. Create a Lead Generation Website10. Sell Products on Amazon11. Cash Back Earnings With Benefits Shopping Sites12.  Create an Online Store using Drop Shipping13.

Produce YouTube Videos15.  Start a Business and Have Someone Run it16. Buy a Vending Machine Business17.  License Your Photos18. Create a Mobile App19. Rent Your Car for Ad Space20. Purchase an Existing Online Business21. Buy a Laundromat22. Open a Batting Cage23. Item Design24. Bond or CD Laddering25. Rent Your StuffSummary.

Passive income is where you get paid over and over again for work which you did once. I've got multiple income streams which are passive, so many of which I shall mention below.

By choosing the ideal sources of passive income, you can invest your time the way that you want to. content Passive income is a method of buying back more time.

There are so many opportunities out there to create residual income in network marketing. Nonetheless, this is NOT one of these shady things. These are legit ways for you to make money while you sleep with something that fits your passion, experience, or skill-set.

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Real estate can be a great way to make money while you sleep. But since it costs a lot to buy a house, using a crowdfunding system to invest in property can be a less expensive option.

If you want an easy, low-cost method to invest in income-producing commercial property, consider using a company like Fundrise.  You only need $500 to begin and you can invest in more than 48 property products through property investment trusts.

Another company to consider is Rich Uncles since you can begin investing in real estate with as little as $5.

Even though they promote an option to begin with Extra resources $500, once you enroll free of charge you can navigate their offerings. They really have a Student Housing REIT which has a minimum investment of $5.

Their goal is to make real estate investing available to everyone and that is just what they're doing.

Getting The Multiple Passive Income Streams To Work


Dividend income is money paid to investors of stocks in the kind of cash in your bank account. Dividend-paying stocks are especially enticing for individuals wanting to make a living with passive income, as they'll get payouts each quarter or so. Even Warren Buffet historically is a fan of dividend-paying stocks. .

If you're going to go this route, be certain that you educate yourself and pick solid stocks so you can depend on for dividend income for years to come.

Peer-to-peer lending is when you loan other folks money who dont qualify for traditional financing. With investment anonymous returns in the 3-8% range, investing money with a company like Lending Club can get you much greater income outcomes than a typical savings or money market account.

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If you are looking for a lower risk option, have a look at Worthy. They offer $10 bonds and pay a 5 percent return. One unique thing about these is that your money is liquid, which means you can take it out at anytime.

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