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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 require a lot 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 put this up. That means consistent cash flow every month if 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 of worrying about money and the only way that you will ever reach financial independence.
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Im going to start with the easy passive income thoughts, the ones you can start making money on instantly and will operate through to the ones youll make the most money on as we proceed through the listing so make sure to stick around to grab those last couple of passive income plans. .
Swagbucks is a get-paid-to website so you get paid to do things like take polls, play video games, watch videos and test 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 consumers have redeemed over $344 million in benefits 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 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 however is that you can take action when youre doing something else so 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 by using their special offer so sign up here to snag your bonus cash.
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TopCashBack is an online shopping cash back site where you receive a percentage discount on anything you buy online. Everything you do is start in 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 also get from 3 percent to 25% cash back on anything you purchase. Youre still shopping right on the retailers website so you receive the rest of the discounts and bargains they offer, you just get an extra bonus for going through the TopCashBack web site . .
TopCashBack is somewhat better with the average cash back around 6 percent of your purchase so if you spend $1,000 online youre going to get $60 back. Again, not something thats going to make you wealthy because you have to buy things 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 idea is blogging. Im not a big fan of the term blogger because it sounds like youre just writing random notes on a website. In fact, owning your own piece of digital real estate is big money.
I started my own websites in December 2014 and broke $5,000 per 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 take work starting out. That route to $5,000 per month didnt happen overnight but only like property development, it build up an asset that now creates constant cash flow whether I work or see here now not. I receive over 30,000 visitors a month from Google search rankings, rankings that'll continue to send traffic even if I take a little time away. .