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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 called disposable income, residual income isnt actually a sort 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 likely curious about passive incomeand how 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 property needs to be maintained, however, the earnings still flow in every month.

Book sales: Royalties an author receives for writing a novel. Generally, they have paid a percentage of their retail or net price of each publication soldin perpetuity.

In all these cases, your one-time investment consistently offers you 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, that includes products like e-books, how-to guides, or online classes. Essentially, the entrepreneur sells their expertise through these pre-prepared online productsindividuals buy the e-book or online training to gain entry to the experts knowledge.

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

In the electronic era, 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 products or merchandise is an age-old source of income, but is it passive income It could be, depending on the business model. Two of the most common sources of passive income via product sales are:

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

Affiliate Programs: As an affiliate, you promote a companys goods or services on your website, and you get a percentage of the sale when someone clicks from your site to buy it. If your website gets lots of traffic, you can earn a pretty penny out of affiliate links!

This is exactly what dreams are made from. 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 your corporate job is, no matter how hard you work, no matter how fantastic you are in your job, no matter how much additional time you log, there'll always be a limit to your incomethats the word salary cap exists.

Unlike your company salary, passive income has no limitations. Want to earn 7 figures Then begin investing!

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You can visit this page work your ass off to earn money but youll never get anywhere until you start making passive income. I make money on seven different income sources but some of them take a lot of work.

Passive income is money you earn out of a product or an investment in which you dont need to do any more work once you put it up. That means consistent cash flow each month if youre working or not.

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

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Im going to discuss my seven popular passive income resources, income streams I use to create money every month. Now Im not going to sugar coat this, a few of these are going to take work but will mean thousands a month you can count on.

In case you want more excellent movies on making money and making your money work for you, dont forget to subscribe to this YouTube channel. Its completely free and so were growing a great community. Subscribe and Join the Community.

Im going to begin with the easy passive income thoughts, the ones you can start making money on instantly and will operate through into the ones youll make the most money on as we go through the list so be sure to stick around to catch those last couple of passive income strategies.

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