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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 that you earn from passive income will undoubtedly have you well on your way to achieving your financial objectives and that 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 extremely competitive and demanding. We are in 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 creativity and guts to escape the comfort zones of the whole time job and put in something new to the table.

All these are guaranteed low-risk business ideas that can help you pump up your bank account.What is Passive IncomePassive income refers to the inflow of money out of work once done but continues to yield earnings. It is also known as residual income. It differs from a traditional business setup in the sense that the latter requires continuous and meticulous supervision and management in any way times.

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

Feel free to try any one of them if you like. Here they are:Passive Income Thought #1: Share a room or homeThe world is getting smaller and smaller by the minute. Fifty years ago, it is a rare sight to see tourists flying out for vacation and leisure. Due to the advancement in air navigation and also the opening of cost-friendly airlines, more people can now afford to travel.

Nowadays, it's very common to hear a tourist renting a home or room. Airbnb, as a matter of fact, assembled its own business model to cater to these needs. One way to earn residual income would be to open your houses for rent. In case you've got an empty and unused space, or a vacation house that's ideal for large rooms, you might set them in the advertisements or enroll 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 cars.

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

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As a result of recent events involving environmental problems and labour standards, some now choose to purchase second-hand or pre-loved products. In case you have clothing that are in good condition and are not being used, it's the best time to sell them. Do a garage sale or make an online platform on EBay or Quicksales where you can post pictures of clothes for sale.Passive Income Idea #5: Sell your photosIf photography is More Help your hobby, then this may be the one for you.

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

It is definitely an advantage for you in the event that you do not have the resources to publish hardcopies.  Passive Income Thought #7: Design graphics, backgrounds, fontsAnother way to earn money is to create generic images, backgrounds, and fonts, which different brands or persons can buy for more editing. Similar to stock photos, designers and photo editors typically search for these types of substance for their photo manipulation needs.Passive Income Idea #8: Engage in peer to peer lending. This is a somewhat traditional notion, but it still functions.