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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 guide, then youre probably interested in passive incomeand how to earn it. There are numerous ways to earn passive income, including from:

Stock returns: Dividends you get paid from any stocks you own, which earn you money long after their purchase.

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Investment properties: Rent you receive from a property propertyresidential or commercial. Yes, the house needs to be maintained, however, the earnings still stream in each month.

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

In all 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 better than that!

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In the entrepreneurial world, another popular form of passive income is click-to-purchase content, that includes products such as e-books, how-to guides, or online classes. Essentially, the entrepreneur sells their expertise by means of these pre-prepared online productsindividuals purchase the e-book or online training to gain access to the specialists knowledge.

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

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

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Of course, 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. Some of the most common sources of passive income via merchandise sales are:

Item Distribution: Companies that enable individuals to become merchandise distributors and earn a return on their customers buys are another source of passive income. Like any other sort of passive income, should you invest up-front (by recruiting loyal clients ), the long-term benefits can be huge!

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

This is 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 a corporate job would be, no matter how hard you work, no matter how fantastic you're at your work, no matter how much extra time you log, then there'll always be a limit to your incomethats the term salary limit exists.

Unlike your company salary, passive income has no limits. Want to earn 7 figures Then start 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 require a lot of work.

Passive income is money you earn from a product or an investment where you dont need to do any more work after you set this up. That means consistent cash flow each month whether youre working or not.

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

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Im going to share my seven popular passive income sources, income flows I use to create money every month. Now Im not going to sugar coat this, some of them are going to take work but will mean thousands a month you can count on.

If you want more great movies on making money and making your money work for you, dont forget to subscribe to this YouTube channel. Its free and so were growing a fantastic community. Register and Join the Community.

Im going to begin with the easy passive income thoughts, the ones which you can begin making money on instantly and will work through to the ones youll make the maximum money on as we proceed through the list so be sure you stick around to grab those last few passive income strategies.

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