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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 some of them take a good deal of work.
Passive income is money you earn out of a solution or an investment where you dont have to do any more work after 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 ever 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 easy passive income ideas, the ones you can begin making money on immediately and will operate through into the ones youll make the maximum money on as we proceed through the list so make sure to stick around to catch those last few passive income strategies. .
Swagbucks is a get-paid-to site so that you get paid to do things such as take polls, play video games, watch movies and try out free product samples. Doing all them, you earn points which 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 look at here now 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 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 though is you can do it when youre doing something else so 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 by using 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 get a percentage discount on anything you buy online. What you do is start in the TopCashBack website then click through one of the 4,000 retailers with a cash back program.
These are everything from Nike to Home Depot and you get from 3 percent to 25% cash back on anything you purchase. Youre still shopping directly on the retailers site so you get the rest of the discounts and deals they provide, you simply get an extra bonus for going through the TopCashBack site first. .
TopCashBack is a little better with the average cash back around 6 percent of your purchase this post so if you spend $1,000 online youre going to get $60 back. Again, not something thats going to make you wealthy as you need to buy stuff to find the money 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 go to these guys not a huge fan of the term blogger because it sounds like youre just writing random notes on a site. In reality, owning your own piece of digital property is large money.
I started my own sites in December 2014 and broke $5,000 a month just a couple of years later. I averaged $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 a month didnt happen overnight but just like real estate development, it build an asset 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 away. .