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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 a number of them take a lot of work.
Passive income is money you earn out of 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 each month if youre working or not.
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Thats the only true way to financial freedom. Passive income is the only way that you will be free from worrying about money and the only way that you will ever reach financial independence.
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Im going to begin with the easy passive income thoughts, the ones which you can begin making money on instantly and will operate through to the ones youll create the maximum money on as we go through the listing so be sure you stick around to catch those last couple of passive income plans. .
Swagbucks is a get-paid-to website so that you get paid to do things like take surveys, play video games, watch videos and try out free product samples. Doing all these, you earn points that are usually 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 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 works out to just under $2 an hour so this isnt something thats going to make you wealthy. Youd need to work 2,500 hours to make $5,000 so thats approximately three and a half months, non-stop. The thing with Swagbucks however is you can do it when youre doing something else so I flip through polls and other stuff while 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 money.
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TopCashBack is an online shopping money back site in which you receive a percentage discount on anything you buy online. Everything you do is start at the TopCashBack website then click through one of the 4,000 retailers with a money back program.
All these are everything from Nike to Home Depot and you get from 3 percent to 25% cash back on anything you buy. Youre still shopping right on the merchants website so that you receive the rest of the discounts and bargains they provide, you just get an extra bonus for going through the TopCashBack site . .
TopCashBack is somewhat 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 wealthy as you need to buy things More hints to get 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 big fan of the term blogger as it sounds just like youre only writing random notes on a site. In fact, owning your own piece of electronic real estate is big money.
I started my own websites in December 2014 and broke $5,000 a month just two decades later. I averaged $5,500 through 2017 and thats not including side hustle work I did freelancing.
Blogging is still going to take work starting out. That route to $5,000 per month didnt happen overnight but just like real estate development, it build an asset that now creates constant cash flow whether I work try here or not. I get over 30,000 visitors a month from Google search rankings, rankings that will continue to send visitors even when I take a little time away. .