Karen from MSN Smart Spending offers some extra income ideas of her own.

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Creating a passive income machine takes time and consistency.

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Most big bloggers such as Yaro Starak, ProBlogger and John Chow would tell you that they generate a large amount of advertising deals privately or using programs that require you to have several thousand unique visitors every day and a certain google page rank. Private deals enable large bloggers to be totally in control of their advertising destinies. Most large bloggers even go further by saying that google adsense should not be the only monetization method for bloggers.

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Gone are the days of thirty year careers and an anti-climatic send-off with a gold watch. Increased labor competition, an economy shifting away from manufacturing and towards service, and a basic impatience from Generations X and Y have just about done away with the idea of retiring on a pension from a working lifetime with one employer.

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An introduction to income types and sources. I believe that it's a good policy to diversify your income by building multiple income streams and purposefully try to move toward more passive income sources.

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