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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 get 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 live in today is highly aggressive and demanding. We're 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 have to have the creativity and guts to get out of the comfort zones of the full time occupation and add something new into 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 money 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 requires continuous and meticulous supervision and management at all times.

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It simply refers to the socio-economic system that is 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 products and services which are actually needed and have an existing demand.

Feel free to try out any one of these if you like. Here they are:Passive Income Idea #1: Share a room or homeThe world is getting smaller and smaller by the minute. Fifty decades back, it is an uncommon 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's pretty common to hear a tourist renting a house 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. In case you have an empty and unused space, or a vacation house that is perfect for large rooms, you might put them in the advertisements or enroll in Airbnb, Booking, and Traveloka, among others.Passive Income Idea #2: Carpool to workMore and more people are becoming aware of the environmental consequences of the increased gas emissions by automobiles.

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 your carpool an amount enough to pay for the excess gas needed and also a little extra for you to keep.Learn how you can declutter your home to create that income-generating distance by reading our website post.Passive Income Idea #3: see here Unleash your inner Picasso and sell your artDo you have artwork that is located in the back of your inventory 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 set it up for sale.

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Due to recent events involving environmental problems and labour standards, some now choose 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 perfect time to sell them. Do a garage sale or create an online platform on EBay or Quicksales where you can post pictures of clothing for sale.Passive Income Idea #5: Sell your photosIf photography is your hobby, then this might be the one for you.

The idea is capturing pictures which might be bought by different users for their own usage. Your target audience here is essentially everyone who's into design and advertising, which is a pretty big market.Passive Income Idea #6: Publish an e-book  In a recent study, Murdoch University Australias Margaret Merga discussed 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 Thought #7: Design graphics, 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 photos, designers and photo editors usually hunt for these kinds of substance for their photo manipulation needs.Passive Income Idea #8: Engage in peer to peer lending. This is a rather traditional notion, but it still functions.