When you're struggling, living paycheck to paycheck, striving towards minimizing your overall living expenses and bringing more money into the household should definitely be on your to-do list. While minimizing your expenses can be as simple as nixing fast food or moving to a smaller apartment, it's often the "making more money" part that's most daunting.The truth is that you can stop struggling to get by. Soon, you'll be able to take your spouse out for a nice dinner and still afford to pay your bills on time. Building a passive income online is your ticket to financial security!You won't earn thousands of dollars overnight; legitimate methods of building passive income aren't get rich quick schemes. Building passive income online will take hard work, hours of research, and patience to surmount the learning curve. But, if you're willing to work hard now, you'll earn big rewards later.Here are five ideas that'll help you build passive income online:1. Start a blog. …
Passive Income
How to Create Passive Income Streams Online
The economy isn't in a happy place these days, and it looks as if the recession isn't going away anytime soon. Rather than sinking in the doom and gloom, you can turn your personal finances around and generate extra income by creating passive income streams.What is passive income and how can you create it?There are two types of passive income: residual and leveraged. Both types become passive after some initial work, meaning once you've set up the income stream, it continues to bring you money without you having to spend all your time working for it.Residual IncomeResidual income is money made over a period of time, such as:* Rent from property you own * Commission from a client who renews an account on a yearly basis * Selling a book or video to accompany a class you teach * Creating a e-books or online products and selling it online via your blog * Making photos available as a stock image for various companies * Owning a business and hiring someone …
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