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You can work your ass off to make 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 good deal of work.
Passive income is money you earn from a product or an investment in which you dont have to do any more work once you set it up. That means consistent cash flow every month if youre working or not.
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Thats the only true way to financial freedom. Passive income is the only way you will be free of worrying about money and the only way you will ever reach financial independence.
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Im going to begin with the simple passive income ideas, the ones you can begin making money on instantly and will operate through into the ones youll create the maximum money on as we proceed through the listing so make sure you stick around to catch those last couple of passive income strategies. .
Swagbucks is a get-paid-to site so you get paid to do things such as take polls, play video games, watch movies and try out free product samples. Doing each of them, you earn points that are usually 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 benefits for gift cards and Amazon rewards.
Now Ive been using Swagbucks for a while and have found his explanation the money works out to just under $2 an hour so 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 you can take action when youre doing something else I flip through polls and other stuff while Im cooking dinner or 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 website in which you receive a percentage discount on anything you buy online. Everything you do is start at the TopCashBack site then click through one of the 4,000 retailers with a cash back program.
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 merchants site so that you receive all the other discounts and deals they offer, you simply get an extra bonus for going through the TopCashBack site first. .
TopCashBack is a little better with the average money 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 rich as you have to go to my blog buy things to find the cash back but its free money on the things you were going to buy why not find out more anyway. .
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Our next passive income notion is blogging. Im not a huge fan of the term blogger because it sounds 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 years 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 route to $5,000 a month didnt happen overnight but only like real estate development, it build an asset 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 will continue to send traffic even if I take a little time off. .