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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 get 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 live in today is highly aggressive and tough. We're 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 must have the creativity and guts to escape the comfort zones of our 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 denotes the inflow of cash out of 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 requires continuous and meticulous supervision and management at all times.

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

Don't hesitate to try out any one of these if you prefer. They are:Exotic Income Thought #1: Share a space or homeThe planet 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 linked here in air navigation and 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 even a vacation home that's ideal for large rooms, then 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 people are becoming aware of the environmental impacts of the increased gas emissions by cars.

You can help them, while earning on the negative, 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 excess gas needed and a bit extra for one to keep.Learn the way you can declutter your home to make that income-generating space by reading our blog post.Passive Income Idea #3: Unleash your inner Picasso and sell your own artDo you have art that is located in the rear of your stock room Or a painting up on the wall untouched for many years Why not sell them with the art community, while a comparatively smaller niche, is still a niche! Make a copy of your art, have it reprinted and framed, and set it up available.

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As a result of recent events involving environmental issues and labour standards, some now prefer to buy second-hand or pre-loved products. In case you have clothes which are in good condition and are not being properly used, it's the perfect time to sell them. Do a garage sale or create an online platform on EBay or Quicksales where you can post 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 that might be purchased by different users for their own use. Your target audience here is basically everyone who is into design and advertising, which is a pretty large market.Passive Income Idea #6: Publish an e-book  In a recent study, Murdoch University Australias Margaret Merga discussed that Australian adolescents are more inclined to read an e-book than a paper book.

It's surely an advantage for you if you do not have the tools to publish hardcopies.  Passive Income Idea #7: Design images, backgrounds, fontsAnother way to earn money is to create generic images, backgrounds, and fonts, which different brands or persons can buy for further editing. Comparable to stock photos, designers and photo editors usually hunt for these types of material 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.