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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 really a type of income, its a calculation that accountants perform to determine what your income is after paying all expenses and debts.

If youre reading this guide, then youre likely 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 shares 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 price of every publication 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 form of passive income is click-to-purchase content, which 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 already prepared the content, they all need to do is watch the money roll in (of course, 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 products 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 might be, depending on the business model. Two of the most common sources of passive income via merchandise sales are:

Item Distribution: Companies that enable individuals to become product 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 customers), the long-term benefits can be huge!

Affiliate Programs: As an affiliate, you promote a companys products or services on your site, and you receive a percentage of the selling when someone clicks from your site to purchase it. If your website gets lots of traffic, then you could earn a pretty penny out of affiliate links!

That is exactly what dreams are made of. Youre making money even when you arent doing anything. This means that even if 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 would be, no matter how hard you work, no matter how fantastic you are in your job, no matter how much extra time you log, there'll always be a limitation to your incomethats the word salary cap exists.

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

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You can 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 a number of them require a lot of work.

Passive income is money you earn out of a solution or an investment where you dont need to do any more work after you set 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 that you will ever reach financial independence.

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Im going to share my seven popular passive income resources, income streams I use to make 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 great movies on making money and making your money work for you, dont forget to subscribe to this YouTube channel. Its completely free and were growing a fantastic community. Subscribe and Join the Community.

Im going to begin with the easy passive income ideas, the ones which you can begin making money on instantly and will operate through to the ones youll make the most money on as we proceed through the listing so be sure to stick around to catch those last couple of passive income plans.

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