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

I'd heard of many people quitting and replacing their full-time job with passive income, but I had no clue where to start.

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

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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. Compose a Book7. Rent out 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.

Create YouTube Videos15.  Start a Business and Have Someone Else Run it16. Purchase a Vending Machine Business17.  License Your Photos18. Produce a Mobile App19. Rent Your Car for Ad Space20. Buy an Existing Online Business21. Purchase 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 that you did once. I've got multiple income streams which are passive, top article many of that I will mention below.

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

There are many opportunities out there to make residual income in network marketing. Nonetheless, this is NOT one of those shady things. These are legit ways for you to make money while you sleep using 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. However, since it costs a lot to purchase 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 real estate products through property investment trusts.

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

Even though they promote an option to start with $500, once click here for more you register for free you can browse 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's just what they're doing.

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Dividend income is money paid to shareholders of stocks in the form of money in your bank account. Dividend-paying stocks are particularly enticing for those wanting to earn a living with passive income, since they will get payouts each quarter or so. Even Warren Buffet historically is a fan of dividend-paying stocks. .

If you are going to go this route, make sure that you educate yourself and select solid stocks so original site 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 3-8percent range, investing money using a company like Lending Club can get you a lot higher income results than a common savings or money market account.

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If you're looking for a lower risk option, check out Worthy. They offer $10 bonds and cover a 5% return. One unique thing about these is that your money is liquid, so that you can take it out at anytime.

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