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Launching a negative business or figuring out how to invest your money when youre strapped for time isnt easy, but the payoff makes everything worthwhile. The money you earn from passive income will undoubtedly have you well on your way to achieving your financial goals and much closer to true financial freedom.

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Sources: Reit.com Investopedia Dividend.com Well Kept Wallet Money Done Right The College Investor

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The world we are living in today is highly aggressive and demanding. We're at a time when nine-to-five jobs are not sufficient to finance our basic needs, more so our wants. To ensure our financial stability, we have to be resourceful. We have to have the imagination and guts to get out of the comfort zones of our full time occupation and add something new to the table.

These are guaranteed low-risk business ideas that can help you pump up your bank account.What is Passive IncomePassive income denotes the inflow of cash from work once done but continues to yield profit. It's also known as residual income. It differs from a traditional business setup in the sense that the latter necessitates continuous and meticulous supervision and management in any way times.

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It simply refers to the socio-economic system that is rooted in the idea of sharing be it material resources or intellectual ones. The sharing economy is also known as peer-to-peer transaction or crowd economy. It is a sustainable business model since it needs only the provision or production of products and services which are really needed and possess an existing demand.

Don't hesitate to try out any one of these if you like. Here they are:Passive Income Thought #1: Share a space or homeThe planet is getting smaller and smaller by the minute. Fifty decades ago, it is a rare sight to see tourists flying out for vacation and leisure. Due to the advancement in air navigation and the opening of cost-friendly airlines, more people can now afford to travel.

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Nowadays, it's pretty common to hear a tourist renting a home or room. Airbnb, as a matter of fact, built its own business model to cater to these needs. One way to earn residual income is to open your houses for rent. If you have an empty and unused space, or a vacation house that's perfect for large rooms, you might set them in the advertisements or enroll them in Airbnb, Booking, and Traveloka, among others.Passive Income Idea #2: Carpool into workMore and more individuals are becoming conscious of the environmental impacts of the increased gas emissions by automobiles.

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You can help themwhile earning on the side, by giving them a ride to work. You can charge a minimal fee to encourage them to join with your carpool an amount enough to cover the extra gas needed and also a bit extra for one to keep.Learn how you can declutter your home to create that income-generating distance by reading our blog post.Passive Income Idea #3: Unleash your inner Picasso and market your own artDo you have artwork that lies in the back of your stock room Or a painting up on the wall untouched for many years Why not market them The art community, while a relatively smaller niche, is still a niche! Create a copy of your art, have it reprinted and framed, and set it up available.

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Due to recent events involving environmental issues and labor standards, some now choose to purchase second-hand or pre-loved products. If you have clothes that are in good condition and are not being properly used, it's the best time to sell them. Do a garage sale or make an online platform on EBay or even Quicksales where you can find images of clothing for sale.Passive Income Idea #5: Sell your photosIf photography is your hobby, then this might be the one for you.

The notion is capturing pictures which might be purchased by different users to their own usage. Your target audience here is essentially everyone who's into design and advertising, that is a fairly large market.Passive Income Idea #6: Publish an e-book  In a recent analysis, Murdoch University Australias Margaret Merga mentioned Australian adolescents are more inclined to read an e-book than a paper publication.

It's definitely an advantage for you if you do not have the resources to publish hardcopies.  Passive Income Idea #7: Design images, backgrounds, fontsAnother way to earn money is to produce generic images, backgrounds, and fonts, which different brands or persons can purchase for further editing. Similar to stock photographs, designers view publisher site and photo editors typically hunt for these types of material for their photo manipulation needs.Passive Income Idea #8: Engage in peer to peer reviewed lending. This is a somewhat traditional notion, but it still works.

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