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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 sort 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 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 house needs to be maintained, but the earnings still flow in each month.

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

In each 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 better than that!

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In the entrepreneurial world, another popular form of passive income is click-to-purchase content, that includes products like e-books, how-to guides, or online courses. Essentially, the entrepreneur sells their expertise by means of these pre-prepared online productsindividuals buy the e-book or online training to gain entry to the experts knowledge.

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

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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Of course, the selling of manufactured products or merchandise is an age-old source of income, but is it passive income It could be, depending on the business model. Two of the most common sources of passive income via product sales are:

Product Distribution: Companies that enable individuals to become merchandise distributors and earn a return on their customers buys are another source of passive income. Like any other type 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 the sale when someone clicks from your site to buy it. If your site gets lots of traffic, then you can 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 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 your corporate occupation is, no matter how hard you work, no matter how fantastic you are at your work, no matter how much additional time you log, there will always be a limitation to your incomethats why the term salary limit exists.

Unlike your company salary, passive income has no limits. Want to earn 7 figures Then start investing!

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Curious how to make passive income 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 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 in which 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 click here now will be free from worrying about money and the only way that you will ever reach financial independence.

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

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

Im going to begin with the simple passive income thoughts, the ones which you can begin making money on instantly and will work through to the ones youll create the maximum money on as we proceed through the list so make sure to stick around to grab those last few passive income strategies.

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