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Monday 16 January pm How to earn passive income: 22 ways to create multiple streams of income Making money while you sleep.

Has a nice ring to it, doesn't it?

The Most Common Multiple Income Streams

I know I didn't. Plus that wasn't as appealing as making money while I was trading time for money. For that, you may need some passive income ideas — ways to make money with little investment of time and effort on your part. Here's a list of quite a few passive income ideas, so it's likely that you'll be able to find at least two or three that will work in your situation.

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  • The goal is to maximize your primary salary to a point where you are generating enough free cash flow to reinvest in secondary income streams.

Try out index funds. Index funds provide you with a way to invest in the stock market that is completely passive. All that will be handled by the fund which will base the fund portfolio on the makeup of the underlying index. You are also free to choose a fund that is based on any index that you want.

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For example, there are index funds set up for just about every market sector there is — energy, precious metals, banking, emerging markets — you name it. All you have to do is decide that you want to participate, then contribute money and sit back and relax.

Your stock additional income where to get will then be on automatic pilot.

Make YouTube videos. Tap into youtube Source: Getty This is a venture that is growing rapidly.

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You can create videos in just about any area that you like — music, tutorials, opinions, comedy, movie reviews — anything you want. You can then attach Google AdSense to the videos, which will overlay your videos with automatic ads.

additional income where to get

When viewers click on those ads, you will earn money from AdSense. The keys will be to create compelling videos, to promote those videos on social media websites, and to create enough of them that your income will be coming from multiple sources.

additional income where to get

There's a good bit of work that goes into creating videos, but once a video is done it can become a completely passive cash flow source for a very long time. Don't think you can find success with YouTube? You sure can. Emily Eddington used her love for makeup and YouTube to quit her full-time job.

additional income where to get

She has received over 66 million views on YouTube. This former morning news anchor took her passion — makeup — and turned it into a phenomenal success. Try affiliate marketing and make sales. This is a passive income technique that is better suited to people who have blogs and active websites.

Is your extra income taxable?

You can sign up to promote certain products or services on your site, for which you will be paid either a flat fee or a percentage of the amount of the sale completed. This isn't as hard to do as you might think, since there are thousands of companies in the world who want to sell their products in as many places as they can.

You can find affiliate offers either by contacting vendors directly, or on dedicated websites, such as ClickBank. It's always best if the product or service is one that you are either very interested in or is additional income where to get relevant to your website. Put your photography to work on the web. Convert your photography into income.

How to earn passive income: 22 ways to create multiple streams of income

Source: Getty Do you like photography? If you do, you may be able to convert it into a passive income source. Photography websites such as Shutterstock and iStockphoto can provide you with platforms to sell your photos. They may offer either a percentage or a flat fee of each photo that is sold to a site client. In this way, a single photo could represent a cash flow source since it can be sold again and again.

The Most Common Multiple Income Streams

You simply need to create your photo portfolio, put it on one or more photo platforms, and then the activity becomes completely passive. All the technicalities of the photo sales are handled through the web platform. And yes, that's me in a stock photo you can purchase from iStockPhoto.

My good is a photographer and has uploaded a few hundred photos to their platform and makes a good residual income from it. Purchase high dividend stocks.

additional income where to get

By building a portfolio of high dividend stocks, you can create regular passive income at an annual rate that is much higher than what you get on bank investments.

Just as important, since high dividend stocks are stocks, there is always the potential for capital appreciation.

Is your extra income taxable?

In that way, you can earn indicator theme for binary options income from two sources — dividends and capital gains. You will need a brokerage account to purchase these stocks and complete the research needed. Write an ebook. This additional income where to get be a lot of work upfront, but once the ebook is created and marketed it can provide you with a passive revenue stream for years.

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You can either sell the ebook on your own website or offer it as an affiliate arrangement with other websites that provide content related to your ebook. Get cash-back rewards on credit cards. You're going to be out shopping and buying anyway, right? We recently started being mindful of collecting reward points on our cards especially since we like to travel. In the past year we've been able to use our reward points to pay for 9 round trip flights and few nights in a hotel.

Now that's what I'm talking about!

7 Ways to Make Extra Income Even With a Full-Time Job

Sell your own products on the internet. The possibilities here are endless — you can sell just about any product or service that you like. It could be a product you have created and can manufacture on your own or it could be digital in nature such as software, DVDs, or even instructional videos.

You can set up a dedicated website for this product or service, unless of course you have a website or blog already in place.

additional income where to get

Alternatively, you can also sell it on an affiliate basis, either by offering it direct to websites and blogs related to your product or service, or through a platform such as ClickBank. If you make a lot of money in your current job and you're not sure that you can make a similar amount by selling products online, think again.