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You can work your butt off to make 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 take a good deal of work.
Passive income is money you earn from a solution or an investment in which you dont have to do any more work once you set this up. That means consistent cash flow every month whether 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 that you could ever reach financial independence.
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Im going to begin with the easy passive income thoughts, the ones you can start making money on immediately and will work through into the ones youll create the maximum money on as we go through the list so be sure to stick around to grab those last couple of passive income plans. .
Swagbucks is a get-paid-to website so that you get paid to do things like take polls, play video games, watch videos and test 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 users 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 the money check here works out to just under $2 an hour so this isnt something thats going to make you rich. Youd have 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 you can do it when youre doing something else so I flip through surveys and other things whilst Im cooking dinner or 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 money back website in which you receive 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 cash back program.
These are everything see this here from Nike to Home Depot and you get from 3% to 25% cash back on anything you buy. Youre still shopping right on the merchants website so 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 a little better with the average cash 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 need to buy things to find the cash back but its completely 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 like youre only writing random notes on a site. In fact, owning your own piece of digital real estate is large money.
I started my own websites in December 2014 and broke $5,000 a month just two years after. I dropped $5,500 through 2017 and thats not including side hustle work I did freelancing.
Blogging is going to take work starting out. That path to $5,000 per month didnt happen overnight but just like real estate development, it build up an advantage that now creates 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 traffic even when I take a little time away. .