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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 known as disposable income, residual income isnt actually 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 likely curious about passive incomeand the way to earn it. There are numerous ways to earn passive income, including from:

Stock returns: Dividends you get 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 property propertyresidential or commercial. Yes, the property needs to be maintained, however, the earnings still stream in each month.

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

In each of these circumstances, your one-time investment consistently provides you with an income while 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 their 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 prepared the content, they all need to do is watch the money roll in (obviously, only after theyve gained a following and marketed the hell out of these )!

In the electronic 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 products 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 via product sales are:

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

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

This is exactly what dreams are made of. 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 your corporate occupation is, no matter how hard you work, no matter how fantastic you are at your job, no matter how much additional time you log, then there'll always be a limitation to your incomethats the word salary cap exists.

Unlike your company salary, passive income has no limitations. 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 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 some of them require a good deal of work.

Passive income is money you make from a product or an investment where you dont need to do any more work once you put it 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 of worrying about money and the only way you could ever achieve financial independence.

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

If you 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 start with the simple passive income ideas, the ones which you can begin making money on immediately and will work through to the ones youll make the most money on as we go through the list so be sure you stick around to catch those last few passive income strategies.

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