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-Affiliate Programs: Affiliate programs often fall in between passive and residual income. Although much of the groundwork has already by lain from the parent company, you might will have to do a little bit of job to take advantage of it.

If you can reach the point where you are earning either passive or residual income (or both) then you know things are going right.

Making residual income with MLM marketing will take a while, bit it's definitely possible. In part four of this series we will get into more detail about how to earn residual money with MLM network marketing. If you want to know more about to earn a residual income, click here to learn more. .

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I worked a traditional 9 to 5 job for many years and eventually I got burned out. Would you know what that feels like that I knew that I wanted more freedom and the idea 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, however, 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. Get Out of 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. Money Back Earnings With Rewards Shopping Sites12.  Create an Online Store with Drop Shipping13.

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Create YouTube Videos15.  Start a Business and Have Someone Else 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. Buy 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 that you did once. I've got multiple income streams that are passive, so many of which I shall mention below.

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By choosing the right sources of passive income, you can invest your time the way which you want to. Passive income is a means 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 those shady things. These are legit means for you to earn money while you sleep with something that fits your passion, experience, or skill-set.

Real estate can be description a terrific way to generate money while you sleep. However, since it costs a lot to buy a home, using a crowdfunding system to invest in property can be a more affordable option.

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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 real estate 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 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 make real estate investing available to everyone and that is exactly what they are doing.

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

If you're going to go this route, make sure that you educate yourself and select solid stocks so you can read review depend on for dividend income for many 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 with a company like Lending Club can get you a lot greater income outcomes than a common savings or money market account.

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

This means if for any reason you need your money back, then you are able to get it quickly and easily.

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