All about Multiple Passive Income Streams

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I worked a traditional 9 to 5 job for many years and eventually I have burned out. Would you know what sounds like I knew that I wanted more freedom and the idea of passive income became really appealing.

I'd 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 in which I now make over $6,000 a month, however, this is not the only way to produce residual income.

Indicators on Passive Income Online You Should Know

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

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

Passive income is where you get paid over and over again for work which you did once. I have multiple income streams which are passive, many of that like this I shall mention below.

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

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

How Passive Income Streams can Save You Time, Stress, and Money.

Real estate can be a great way to make money while you sleep. But because it costs a lot to buy a home, using a crowdfunding platform to invest in property can be a more affordable 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 click over here now to begin and you can invest in more than 48 property products through property investment trusts.

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

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

Their goal is to produce real estate investing available to everyone and that is exactly what they are doing.

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Dividend income is money paid to shareholders of stocks in the kind of money in your bank account. Dividend-paying stocks are particularly enticing for those wanting to make a living with passive income, since 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 sure 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 additional folks money who dont qualify for traditional financing. With investment returns in the 3-8% range, investing money using a company like Lending Club can get you much greater income results than a typical savings or money market account.

If you are looking for a lower risk option, check out Worthy. They provide $10 bonds and cover a Source 5% return. One unique thing about them is that your money is liquid, which means that you can take it out at anytime.