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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 objectives and much closer to true financial freedom.

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Resources: 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 competitive and tough. We are at a time when nine-to-five jobs are sometimes not sufficient to finance our fundamental needs, more so our wants. To ensure our financial stability, we have to be resourceful. We must have the creativity and guts to get out of the comfort zones of the full time job 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 denotes the inflow of money from work once done but continues to yield earnings. It's also known as residual income. It differs from a traditional business set up 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 is a sustainable business model since it requires only the provision or production of goods and services which are really needed and possess an existing demand.

Don't hesitate to try out any one of them if you prefer. They are:Exotic Income Idea #1: Share a space or homeThe world is getting smaller and smaller by the minute. Fifty years back, it's a rare sight to see tourists flying outside for vacation and leisure. As a result of advancement in air navigation and also the opening of cost-friendly airlines, more people can now afford to travel.

Nowadays, it is 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 such needs. One way to earn residual income is to open your homes for rent. If you have an empty and unused room, or a vacation house that is perfect for large rooms, you may set them in the advertisements or enroll in Airbnb, Booking, and official source 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 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 excess gas needed and also 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 artDo you have artwork that is located at the rear of your inventory room Or a painting up on the wall untouched for years Why not market them The art community, while a relatively smaller niche, remains a niche! Make a copy of your artwork, have it reprinted and framed, and set it up for sale.

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

The idea is capturing pictures which may be bought by different users for their own usage. 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 mentioned Australian adolescents are more inclined to read an e-book than a paper book.

It's surely an advantage for you in the event that you do not have the tools to print hardcopies.  Passive Income Thought #7: Design graphics, 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 photos, designers and photo editors typically search for these types of substance for their photograph manipulation needs.Passive Income Idea #8: Engage in peer to peer reviewed lending. This is a rather traditional idea, but it still works.