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

Their goal is to make real estate investing available to everyone and that is exactly what they are doing.

Dividend income is money paid to shareholders of shares in the shape of cash in your bank account. Dividend-paying stocks are particularly enticing for those wanting to make a living with passive income, as they will get payouts every quarter or so. Even Warren Buffet historically is a fan of dividend-paying stocks. .

If you're going to go this route, make sure you educate yourself and pick solid stocks so that you can depend on for dividend income for years to come.

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

If you're looking for a lower risk option, have a look at Worthy. They offer $10 bonds and pay a 5 percent return. One unique thing about these is that your money is liquid, so you can take it out at anytime.

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

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

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One way to boost your debt payoff would be to lower your interest rate. In case you've got high-interest debt that you want to find a lower interest rate on, check out Credible, which features loan rates as low as 4.99% for refinancing your credit card debt.

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

While this wont make you filthy rich, it will be a safer way to create 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 way to produce some severe residual income.

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Once your book is available on a site like Amazon, you can receive a check each month for doing nothing. Note that spending some time developing an effective marketing plan is essential. Obviously, the longer you spend their website marketing your publications, the more money youll earn.

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

You can hire a maid service to clean and prep the space 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 per month renting out their spare bedrooms.

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

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

Affiliate marketing can be a great way to produce passive income. This is because when folks click on the affiliate links on your site, you receive a commission at no additional cost . All they need to do is buy a service or product.

Another way to make passive income is to create a lead generation website. Lead generation websites exist to give referrals to local businesses.

So, lets say you produced a lead generation website that focuses on real estate. Youd utilize the website in order to educate individuals about home ownership. Or, you'd educate them about real estate investing.

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