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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 solution or an investment in which you dont need to do any more work after you put this 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 you will be free of worrying about money and the only way that you will ever achieve financial independence.
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Im going to begin with the simple passive income ideas, the ones you can begin making money on immediately and will work through into the ones youll create the most money on as we proceed through the list so make sure to 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 videos and try out free product samples. Doing all them, you earn points which are ordinarily 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 consumers have redeemed over $344 million in rewards for gift cards and Amazon rewards.
Now Ive been using Swagbucks for a little while and have found that the money works out to just under $2 an hour this isnt something thats going to make you rich. Youd need to work 2,500 hours to make $5,000 so thats about three and a half months, non-stop. click to investigate The thing with Swagbucks however is you can do it 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 distinctive offer so sign up here to snag your bonus cash.
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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 website then click through one of those 4,000 retailers with a money back program.
All these are everything from Nike to Home Depot and you also get from 3% to 25% cash back see this on anything you purchase. Youre still shopping directly on the merchants site so you get the rest of the discounts and deals they provide, you just get an extra bonus for going via the TopCashBack site . .
TopCashBack is somewhat better with the average money back around 6% 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 because you have to buy things 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 notion is blogging. Im not a big fan of the term blogger as it sounds like youre just writing random notes on a website. In reality, owning your own piece of digital property is big money.
I started my own websites in December 2014 and broke $5,000 a month just a couple of years after. I dropped $5,500 through 2017 and thats not including side hustle work I did freelancing.
Blogging is going to require work starting out. That route to $5,000 per month didnt happen overnight but just like real estate development, it build up 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 will continue to send visitors even if I take a little time away. .