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

Real estate can be a terrific way to make money while you sleep. However, since it costs so much to purchase a home, using a crowdfunding platform to invest in property can be a less expensive option.

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If you want an easy, low-cost method to invest in income-producing commercial real estate, 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 as you can start investing in real estate with just as small as $5.

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

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Their intention is to make real estate investing accessible to everyone and that's exactly what they are doing.

Dividend income is money paid to shareholders of shares in the form of cash in your bank account. Dividend-paying stocks are particularly enticing for individuals wanting to make a living with passive income, as 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 you can depend on for dividend income for years to come.

Peer-to-peer lending is when you loan other 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 results than a common savings or money market account.

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

This means if for any reason you need your money back, then you can access it quickly and easily.

The money youre paying in interest to lenders, the more money you've got in your pocket every month. Talk about a very simple kind of passive income. Getting out of debt quickly can increase your income even more because youre no longer paying interest to lenders every month.

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One way to boost your debt payoff is to lower your interest rate. In case you've got high-interest debt that you want to get a lower interest rate on, have a look at Credible, which offers loan amounts as low as 4.99% to refinancing your credit card debt.

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Are you looking for a low-risk way to make passive income Then look at opening a high-yield savings account with an online bank like CIT Bank that pays 19 times greater than traditional banks. CIT is currently are paying 1.55percent which is unreal.

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While this wont make you filthy rich, it will be a safer way to make consistent income and not lose your money since CIT FDIC insured.

Once the initial task of creating the book is done, selling novels can be a great method to create some severe residual income.

Once your book is available on a website like Amazon, you can get a check every month for doing absolutely nothing. Note that spending some time developing an effective marketing plan is vital. Obviously, the more time you spend marketing your books, the more money youll earn.

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Have you got an excess room that you rarely use Why not rent it out to someone looking for a temporary rental on Airbnb.  Millions of individuals use Airbnb to find a place to stay instead of staying at a resort, sometimes even for months at a time.

You can hire a maid service to clean and prep the room after a guess leaves. This will eliminate work on your end and make it truly passive income. My friend Steve and his wife make over $1000 a month renting out their bedrooms.

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In case you have a website already then this is a no-brainer.  Some folks are making over $50,000 a month just like Michelle who teaches others how to earn money online with her course Making Sense of Affiliate Marketing.

In case you dont have a web site, you can begin one for less than $3/month. Thats the cost for getting a website host a company that Read Full Article stores your site on servers so it can be seen on the Internet.   Click here to get special pricing of $2.95/month using Bluehost.

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