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You can work your ass off to earn 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 good deal of work.
Passive income is money you earn out of a product or an investment where you dont need to do any more work after you set it up. That means consistent cash flow every month whether 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 from worrying about money and the only way you will ever reach 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 proceed through the listing so be sure to stick around to grab those last few passive income strategies. .
Swagbucks is a get-paid-to site so that you get paid to do things such as take surveys, play video games, watch movies and test out free product samples. Doing each of 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 of the time. Swagbucks consumers 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 rich. Youd need to operate 2,500 hours to make $5,000 so thats approximately three and a half months, non-stop. The thing with Swagbucks though is that you can do it when youre doing something else 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 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 using a money back program.
All these are everything from Nike to Home Depot and you get from 3% to 25% cash back on anything you buy. Youre still shopping right on the retailers website so you receive the rest of the discounts and deals they offer, you just get an additional bonus for going via the TopCashBack web site first. .
TopCashBack is somewhat better with see page the ordinary money back around 6 percent of your purchase so if you spend $1,000 online youre going to Passive Income In Iran get $60 back. Again, not something thats going to make you rich because you have to buy stuff to get the cash back but its 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 because it sounds like youre just writing random notes on a site. In fact, owning your own piece of digital real estate is big money.
I started my own sites in December 2014 and broke $5,000 a month just two years after. I averaged $5,500 through 2017 and thats not including side holiday 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 property development, it build an asset that now generates constant cash flow whether I work or not. I receive over 30,000 visitors a month from Google search rankings, rankings that'll continue to send traffic even when I take a little time away. .