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5 Massive Tips For Passive Income

David Taylortown
 


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Want to get your passive income started? Check out these great tips to get started.

Tip 1:

Start online.
Look at money making opportunities. There are so many things to choose from. You could produce an eBook and sell it. Set up a webpage and put some Adsense on it.

Capture email addresses and sell to the recipients. These are a few good ways to generate relatively passive income. It will take a lot of work to set up, but once completed is relatively passive.

Tip 2:

Buy an Investment House.
This is easy to do if you have a deposit and a steady job. You can easily buy an investment property with an interest only loan and it really doesn't cost that much a week. Then rent your house out for market rates and wait for property prices to increase.

Tip 3:

Write a Book.
Writing a book can be a rewarding experience if you love writing and love the topic you are talking about. The hardest thing will be getting it published. It will need to be a very unique book otherwise it may not be a hit and the publisher may not want to sell it.

Tip 4:

Can You Sing or Play an instrument?
If you can you could record some music. This doesn't have to be a number one hit. There are many types of music required for other reasons. What about commercials or background music for a number of applications. There are heaps of opportunities for creating music and selling the rights to it. You will need to find the right publishing company.

Tip 5:

Save Money and Deposit It in a Term Deposit.
Lots of banks have term deposits. You can lock your money away for a minimum term of 3 months and receive guaranteed interest . If you have significant savings in an account like this it can produce some great returns.

There are plenty of ways to produce passive income. These are just a few.

Looking for more Passive Cash Solutions?

http://www.weekendeasycash.com/passiveincome/passiveincome.htm

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