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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 take a good deal of work.
Passive income is money you make out of a solution or an investment where you dont need to do any more work once you put it 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 you could ever achieve financial independence.
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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 most money on as we go through the list so be sure you stick around to grab those last few passive income plans. .
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 test out free product samples. Doing all these, you Clicking Here 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 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 so this isnt something thats going to make you rich. 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 though is that you can take action when youre doing something else so I flip through surveys and other things while Im cooking dinner or flipping channels. .
Swagbucks is offering a $5 cash bonus just for signing up by using their special offer so sign up here to snag your bonus cash.
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TopCashBack is an online shopping money his comment is here back site where you receive a percentage discount on anything you buy online. Everything you do is start in the TopCashBack site then click through one of the 4,000 retailers using a cash back program.
These are everything from Nike to Home Depot and you also get from 3% to 25% cash back on anything you buy. Youre still shopping directly on the merchants site so that you receive the rest of the discounts and deals they offer, you just get an extra bonus for going through the TopCashBack 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 have 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 idea is blogging. Im not a big fan of the term blogger because it sounds like youre just writing random notes visit their website on a website. In fact, owning your own piece of digital property is big money.
I began my own websites in December 2014 and broke $5,000 per month just a couple of decades after. I averaged $5,500 through 2017 and thats not including side holiday work I did freelancing.
Blogging is going to require work starting out. That route to $5,000 a month didnt happen overnight but just like property development, it build an asset that now creates constant cash flow whether I work or not. I receive over 30,000 visitors a month from Google search rankings, rankings that'll continue to send visitors even if I take a little time off. .