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You can work your butt off to make 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 from a product or an investment where you dont have to do any more work once 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 that you will be free from worrying about money and the only way you could ever achieve financial independence.
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Im going to begin with the easy passive income ideas, the ones which you can start making money on immediately and will work through to the ones youll create the most money on as we go through the list so be sure to stick around to catch those last few passive income plans. .
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 usually convertible to one hundred points for 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 your time. Swagbucks users have redeemed over $344 million in benefits 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 rich. Youd have to work 2,500 hours to make $5,000 so thats about three and a half months, non-stop. The thing with Swagbucks though is that you can do it when youre doing something else I flip through polls and other things while Im cooking dinner or flipping channels. .
Swagbucks is offering a $5 cash bonus just for signing up by using their distinctive offer so sign up here to snag your bonus cash.
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TopCashBack is an online shopping money back site in which you get a percentage discount on anything you buy online. Everything you do is start at the TopCashBack website then click through one of those 4,000 retailers with a cash back program.
All these are everything from Nike to Home Depot and you get from 3% to 25% cash back on anything you purchase. Youre still shopping right on the retailers website so that you get all the other discounts and bargains they offer, you just get an additional bonus for going via the TopCashBack site . .
TopCashBack is somewhat better with the average money back around 6% of your purchase so if you spend $1,000 online youre going for $60 back. Again, not something thats going to make you rich as you have to More Help buy things to get the money back but its completely 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 just like youre just writing random notes on a website. In fact, owning your own piece of digital property is large money.
I began my own websites in December 2014 and broke $5,000 per month just two decades after. I dropped $5,500 through 2017 and thats not including side holiday work I did freelancing.
Blogging is going to take work starting out. That path to $5,000 a month didnt happen overnight but just like real estate development, it build up 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 when I take a little time away. .