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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 some of them require a lot of work.
Passive income is money you earn out of a product or an investment in which you dont have to do any more work after you put it up. That means consistent cash flow each month whether 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 be free from worrying about money and the only way you will ever achieve 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 operate through into the ones youll create the maximum money on as we go through the list so be sure to stick around to catch those last couple of passive income strategies. .
Swagbucks is a get-paid-to website so you get paid to do things such as take polls, play video games, watch movies and try out free product samples. Doing all these, 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 consumers have redeemed over $344 million in benefits 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 so this isnt something thats going to make you rich. Youd have to work 2,500 hours to make $5,000 so thats approximately 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 surveys and other stuff whilst 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 money.
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TopCashBack is an online shopping cash back website in which you get a percentage discount on anything you buy online. What you do is start in the TopCashBack site then click through one of the 4,000 retailers using a money back program.
These are everything from Nike to Home Depot and you also get from 3% to 25% cash back read this article on anything you purchase. Youre still shopping directly on the retailers site so you receive all the other discounts and deals they offer, you just get an additional bonus for going via the TopCashBack web site first. .
TopCashBack is a little better with the ordinary money back around 6 percent of your purchase so in the event that 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 find the money 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 just like youre just writing random notes on navigate to this website a website. In fact, owning your own piece of electronic property is large money.
I started my own websites in December 2014 and broke $5,000 a month just a couple of decades after. I dropped $5,500 through 2017 and thats not including side hustle work I did freelancing.
Blogging is still going to require work starting out. That route to $5,000 a month didnt happen overnight but only like real estate development, it build up an advantage visit this site 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. .