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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 it all worthwhile. The money you earn from passive income will undoubtedly have you well on your way to achieving your financial goals 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 demanding. We are at a time when nine-to-five tasks are sometimes 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 imagination and courage to get out of the comfort zones of the full time occupation and add something new into the table.

All these are guaranteed low-risk business ideas which 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 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 at all times.

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

Don't hesitate to try out any one of them if you prefer. Here they are:Passive Income Idea #1: Share a space or homeThe planet is getting smaller and smaller by the minute. Fifty decades ago, it's a rare sight to see tourists flying out for vacation and leisure. As a result of advancement 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, continue reading this as a matter of fact, built its own business model to cater to such needs. One way to earn residual income is to open your houses for rent. In case you've got an empty and unused space, or even a vacation house that is perfect for large rooms, you may put them in the ads or enroll them in Airbnb, Booking, and Traveloka, among others.Passive Income Idea #2: Carpool to workMore and more people are becoming aware of the environmental impacts of the increased gas emissions by automobiles.

You can help themwhile 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 little extra for one to keep.Learn how 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 market your own artDo you have artwork that is located at the back of your inventory room Or a painting up on the wall untouched for years Why not market them The art community, while a comparatively smaller niche, is still a niche! Create a copy of your artwork, have it reprinted and framed, and put it up for sale.

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As a result of recent events involving environmental problems and labor standards, some now prefer to purchase second-hand or pre-loved products. In case you have clothes that are in good condition and are not being used, it is the best time to sell them. Do a garage sale or create an online platform on EBay or even Quicksales where you can find images of clothes 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 may be bought by different users for their own use. Your target market 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 analysis, Murdoch University Australias Margaret Merga mentioned that Australian adolescents are more inclined to read an e-book than a paper publication.

It is surely an advantage for you if you do not have the tools to print hardcopies.  Passive Income Idea #7: Design images, backgrounds, fontsAnother way to earn money is to produce generic pictures, backgrounds, and fonts, which different brands or persons can buy for more editing. Similar to stock photographs, designers and photo editors usually hunt for these kinds 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.