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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 a number of them require a lot of work.
Passive income is money you make from a solution or an investment in which you dont need to do any more work once you put it up. That means consistent cash flow each month if youre working or not.
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Thats the only real way to financial freedom. Passive income is the only way you will 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 thoughts, the ones you can start making money on instantly and will work through into the ones youll make the most money on as we go through the listing so be sure to stick around to catch those last few passive income strategies. .
Swagbucks is a get-paid-to website so that you get paid to do things such as take surveys, play video games, watch movies and try out free product samples. Doing all them, you earn points which 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 the 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 so this isnt something thats going to make you wealthy. 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 however is that you can take action when youre doing something else I flip through polls and other things whilst 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 cash back site where you get a percentage discount on anything you buy online. What 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 why not try this out Nike to Home Depot and you get from 3 percent to web link 25% cash back on anything you purchase. Youre still shopping directly on the retailers website so that you receive all the other discounts and bargains they provide, you simply get an extra bonus for going through the TopCashBack web site first. .
TopCashBack is somewhat better with the ordinary cash 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 because you need to buy things to get the money back but its 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 huge fan of the term blogger as it sounds just like youre just writing random notes on a website. In reality, owning your own piece of electronic property is big money.
I started my own sites in December 2014 and broke $5,000 per 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 still going to take work starting out. That route to $5,000 a month didnt happen overnight but only like property development, it build an advantage that now generates constant cash flow whether I work or not. I get over 30,000 visitors a month from Google search rankings, rankings that'll continue to send traffic even when I take a little time off. .