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You can work your butt off to earn money but youll never get anywhere until you start making passive income. I make money on seven different income sources but a number of them require a lot of work.
Passive income is money you make out of a product or an investment where you dont need to do any more work after you put this up. That means consistent cash flow each month whether youre working or not.
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Thats the only true way to financial freedom. Passive income is the only way you will ever be free of worrying about money and the only way that you could ever reach financial independence.
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Im going to start with the simple passive income ideas, the ones you can start making money on instantly and will work through into the ones youll create the most money on as we go through the list so make sure you stick around to catch those last few passive income plans. .
Swagbucks is a get-paid-to website so that you get paid to do things like take surveys, play video games, watch movies and test out free product samples. Doing each of them, you earn points which are ordinarily convertible to one hundred points for site here a dollar.
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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 while and have found that the money works out to just under $2 an hour this isnt something thats going to make you wealthy. Youd need to work 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 surveys and other things while Im cooking dinner or even flipping channels. .
Swagbucks is offering a $5 cash bonus just for signing Full Article up by using their distinctive offer so sign up here to snag your bonus cash.
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TopCashBack is an online shopping cash back site where you get a percentage discount on anything you buy online. What you do is start in the TopCashBack website then click through one of the 4,000 retailers using a cash back program.
These are everything from Nike to Home Depot and you get from 3% to 25% cash back on anything you buy. my website Youre still shopping right on the merchants site so you receive the rest of the discounts and bargains they offer, you just get an additional bonus for going via the TopCashBack site . .
TopCashBack is somewhat better with the average cash back around 6 percent of your purchase so in the event that you spend $1,000 online youre going to get $60 back. Again, not something thats going to make you wealthy because you need to buy stuff to find the cash back but its free money on the things you were going to buy anyway. .
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Our next passive income notion is blogging. Im not a huge fan of the term blogger as it sounds like youre just writing random notes on a website. In reality, owning your own piece of digital property is big money.
I started my own sites in December 2014 and broke $5,000 per month just a couple of decades after. I dropped $5,500 through 2017 and thats not including side holiday work I did freelancing.
Blogging is still going to take work starting out. That path to $5,000 a month didnt happen overnight but only like real estate development, it build up an asset 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 visitors even when I take a little time off. .