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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 that feels like that I knew that I wanted more freedom and the idea of passive income became really appealing.

I had heard of many people quitting and replacing their fulltime job with passive income, but I had no idea where to start.

This pursuit led me to begin this site where 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. Eliminate Debt5.  Open a High-Yield Account6. Compose a Book7. Rent out 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 with Drop Shipping13.

Produce YouTube Videos15.  Start a Business and Have Someone Else Run it16. Purchase a Vending Machine Business17.  License Your Photos18. Produce a Cell App19. Rent Your Car for Ad Space20. Buy 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 have multiple income streams that are passive, so many of that I will read mention below.

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

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

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Real estate can be a terrific way to generate money while you sleep. But because it costs so much to purchase a home, using a crowdfunding system to invest in real estate 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 to begin and you can invest in more than 48 property products through real Read Full Report estate investment trusts.

Another company to consider is Rich Uncles as you can begin investing in real estate with just as small as 5.

Even though they my link promote an option to start with $500, once you register for free you can browse their offerings. They actually have a Student Housing REIT that has a minimum investment of $5.

Their intention is to produce real estate investing accessible to everyone and that is just what they are 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 make a living with passive income, as they'll 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 certain that you educate yourself and select solid stocks so you can depend on for dividend income for many years to come.

Peer-to-peer lending is when you loan additional people 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 higher income results than a common savings or money market account.

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 you can take it out at anytime.