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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 require a lot of work.
Passive income is money you make out of a product 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 if 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 from worrying about money and the only way that you will ever achieve financial independence.
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Im going to start with the easy passive income thoughts, the ones which you can begin making money on immediately and will work through to the ones youll make the maximum money on as we go through the list so be sure to stick around to catch those last few passive income strategies. .
Swagbucks is a get-paid-to website so that you get paid to do things such as 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 read here 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 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 stuff while Im cooking dinner or even flipping channels. .
Swagbucks is offering a $5 cash bonus just for signing up through their special offer so sign up here to snag your bonus cash.
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TopCashBack is an online shopping cash back website where you receive a percentage discount on anything you buy online. Everything you do is start at 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 get the rest of the discounts and deals they provide, you simply get an additional bonus for going through the go TopCashBack site first. .
TopCashBack is somewhat better with the ordinary money back around 6% of your purchase so if you spend $1,000 online youre going to get $60 back. Again, not something thats going to make you rich as pop over to this site you need to buy stuff 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 because it sounds just like youre only writing random notes on a website. 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 per month just two years later. I dropped $5,500 through 2017 and thats not including side hustle work I did freelancing.
Blogging is still going to require work starting out. That path to $5,000 per month didnt happen overnight but only like property development, it build up an asset 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'll continue to send traffic even if I take a little time off. .