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The more you do to get your name out there, the easier it'll be to the right audience to find you.Related: 5 Tools You Need to Build Your Passive Income'Empire'7. You need money to start earning passive income.From investing in the stock market into starting a small online business, many people assume that they need a lot of money to start earning passive income.

You can invest in the stock market with as little as $1,000. For individuals looking to start their own site, web hosting is often available at less than $8 per month.Having additional savings which you can devote toward getting your site or business idea off the ground can certainly be beneficial.

Lets face it. Growing up, working as an employee to earn a living to support your family was what was expected of you. However, following a few years in the workforce, sitting at a desk for 40 hours a week simply isnt as exhilarating as we thought it was.But I have no option, we think.Thats where we are wrong.The secret Cultivating streams of passive income.Just think you could be earning income at the same time you are sleeping! If you built up your passive income flows big enough, you could quit your project.

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While its not easy nor quick, it is possible.Related: 7 income flows of millionaires: an open discussion of passive incomeHere are 25+ ways that you can generate passive income. Some might need an investment of work or time upfront but can generate income transparently ad infinitum once the project is completed.Invest in (crowdfunded) actual estate.A High Yield Savings AccountInvest in Stocks/bonds/REITs. Invest in Dividend Growth StocksInvest in a rental property (or two).Write an e-book. Create an online course.Get paid to do things you're already doing.Promote goods and earn affiliate income.Take advantage of credit card sign-up bonuses.Take advantage of bank account promotions.Advertise on your blog.Rent out extra room in your house.Rent out things you already have.Become a peer to peer lender.Become a personal lender.Design products to market on CafePress or even Redbubble.Flip domain names.Become a societal media influencer.Buy a laundromat/car wash.Rent out ad space on your car.Invest in a local business.Start a Vending Machine Business.Invest in Royalty income.Sell pre-packaged stock photography.Build an app.Invest in (crowdfunded) actual estate.If you're looking to add real estate exposure to your portfolio however dont want to bother with holding possessions right (definitely NOT passive income), you could invest in a crowdfunded property project.In this case, you would loan the money to a corporation, landlord or rehabber who would buy the property and they'd pay you interest to utilize your money.

One of the most well-known offers is student housing 150-bed minimum amenities that are one mile or less in the Division I university with at least 15,000 enrolled students. We took a closer look in our Rich Uncles review should you wish to learn a knockout post more.Fundrise is an eREIT using a $1,000 minimum investment and no accredited investor requirement.

(here is more on Fundrise)RealtyMogul is for accredited investors who have a couple thousand dollars they want to invest into individual properties, whether it's houses, commercial real estate, or mixed use buildings. (we go in deeper on this RealtyShares review)The appeal of those passive income sources is that you can diversify across many small investments, rather than in a handful of large ones.

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When you invest in these crowdfunded investments, you can spread your money across many uncorrelated property ventures so individual investments don't cause significant issues.A High Yield Savings AccountI wouldn't think of a high yield savings account as a source of passive income however your savings should be getting something (less like Seinfeld syndication residuals and more like a commercial jingle residuals!) .

The greatest high yield savings accounts (or money market accounts) provide greater interest rate and there is absolutely no danger. CIT Bank currently leads the pack with the maximum interest rate.If you don't mind locking your money up, you can get marginally more with a certificate of deposit, though prices there are not that appealing.

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Depending on the larger economic environment, REITs can potentially have greater yields than stocks and/or bonds.My personal favorite stock broker is Ally Invest, previously TradeKing, since they have inexpensive trade commissions at $4.95 a transaction and no maintenance fees.Invest in Dividend Growth StocksI wanted to specifically call out one particular strategy within equity investing which bears mentioning dividend growth investing is when you focus on stocks which not only pay a dividend but have a background of strong dividend growth.

Now, more than ten years later, many of these stocks game double digits yields and the cashflow from these investments helps me manage the irregularity of income I experience as a business owner.Invest in a rental my latest blog post property (or 2 ).Though it can take a while to build up enough money to place a 20% down payment on an investment property (the normal lender minimum), they can snowball rather quickly.