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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 work to determine what your income is after paying all expenses and debts.

If youre reading this article, then youre probably interested in passive incomeand the way to earn it. There are numerous ways to earn passive income, including from:

Stock returns: Dividends you receive 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 real estate propertyresidential or business. Yes, the house needs to be maintained, but the earnings still flow in each month.

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

In each of these circumstances, your one-time investment consistently provides you with an income at the same time 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 his/her expertise through these pre-prepared online productsindividuals purchase the e-book or online training to gain entry to the specialists knowledge.

Since the entrepreneur has already prepared the content, all they need to do is watch the money roll in (obviously, only once theyve gained a following and promoted the hell out of these )!

In the electronic age, knowledge is powerand money. Selling your knowledge through online merchandise is big business. Why not tap into it

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Obviously, the selling of manufactured goods 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 through merchandise sales are:

Product Distribution: Companies that enable individuals to become product vendors and earn a return on their customers buys are another source of passive income. As with any other sort of passive income, if you invest up-front (by recruiting loyal clients ), the long-term rewards can be huge!

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

This is what dreams are made of. Youre making money even when you arent doing anything. This means that even when 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 a corporate occupation would be, no matter how hard you work, no matter how fantastic you're in your job, no matter More Bonuses how much additional time you log, there will always be a limit to your incomethats the word salary limit exists.

Unlike your company salary, passive income has no limitations. Want to earn seven figures Then begin investing!

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You can work your butt off to earn money but youll never get anywhere until you start making passive income. I make money on seven different income sources but a number of them take a good deal of work.

Passive income is money you earn from a solution or an investment where you dont need to do any more work once you put it up. That means consistent cash flow every month whether youre working or not.

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Thats the only true way to financial freedom. Passive income is the only way you will ever be free from worrying about money and the only way you could ever achieve financial independence.

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Im going to discuss my seven popular passive income sources, income streams I use to create money every month. Now Im not going to sugar coat this, a few 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 register to the YouTube channel. Its free and were growing a fantastic community. Subscribe and Join the Community.

Im going to begin with the simple passive income thoughts, the ones which you can start making money on immediately and will work through into the ones youll create the maximum money on as we go through the listing so be sure to stick around to catch those last couple of passive income plans.

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