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You can work your ass off to earn money but youll never get anywhere until you start making passive income. I make money on seven different income sources but some of them require a lot of work.
Passive income is money you earn from a product or an investment where you dont have to do any more work once you set this up. That means consistent cash flow every month if youre working or not.
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Thats the only real way to financial freedom. Passive income is the only way that you will ever be free of worrying about money and the only way that you will ever achieve financial independence.
Im going to share my seven favorite passive income sources, income flows I use to make money every month. Now Im not going to sugar coat this, some of these are going to take work but may mean thousands per month you can count on.
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Im going to begin with the simple passive income ideas, the ones you can start making money on instantly and will operate through to the ones youll make the maximum money on as we go through the list so be sure you stick around to grab those last few passive income plans. .
Our first side hustle idea is with deal websites like Swagbucks and TopCashBack. Now these are actually two different types of passive income thoughts since theyre different types of sites.
Swagbucks is a get-paid-to site so that you get paid to do things such as take polls, play video games, watch movies and test out free product samples. Doing all them, you earn points that are ordinarily convertible to one hundred points for a buck.
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Now this isnt something thats going to make you rich but you can earn some legit money for less than an hour of the time. Swagbucks users have redeemed over $344 million in rewards for gift cards and Amazon rewards.
Now Ive been using Swagbucks for a little while and have found the money works out to just under $2 an hour this isnt something thats going to make you wealthy. Youd need to operate 2,500 hours to make $5,000 so thats about three and a half months, non-stop. The thing with Swagbucks however is you can take action when youre doing something else I flip through polls and other things while Im cooking dinner or even flipping channels. .
Swagbucks is offering a $5 cash bonus just for signing up through their special offer so sign up here to snag your bonus money.
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TopCashBack is an online shopping money back site where you receive a percentage discount on anything you buy online. What you do is start in the TopCashBack site then click through one of the 4,000 retailers using a money back program.
These are everything from Nike to Home Depot and you get from 3 percent to 25% cash back on anything you purchase. Youre still shopping directly on the merchants site look at this web-site so you receive all the other discounts and bargains they provide, you just get an additional bonus for going through the TopCashBack site . .
TopCashBack is somewhat better with the ordinary money back around 6% of your purchase so in the event that you spend $1,000 online youre going for $60 back. Again, not something thats going to make you wealthy as you need to buy things to find the cash back but its learn the facts here now free money on the things you were going to buy anyway. .
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Our next passive income idea is blogging. Im not a big fan of the term blogger as it sounds like youre just writing random notes on a website. In fact, owning your own piece of digital real estate is large money.
I started my own websites in December 2014 and broke $5,000 a month just a couple of decades later. I dropped $5,500 through 2017 and thats not including side holiday work I did freelancing.
Blogging is going to require work starting out. That path to $5,000 a month didnt happen overnight but only like real estate development, it build an advantage that now generates constant cash flow if I work or not. I receive over 30,000 visitors a month from Google search rankings, rankings that will continue to send traffic even if I take a little time off. .