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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 require a good deal of work.
Passive income is money you make from a product or an investment in which you dont need to do any more work once you put it 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 from worrying about money and the only way you will ever reach financial independence.
Im going to discuss my seven popular passive income sources, income streams I use to create money every month. Now Im not going to sugar coat this, some of them are going to take work but may mean thousands a month you can count on.
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Im going to start with the simple passive income Recommended Reading ideas, the ones you can begin making money on instantly and will work through to the ones youll create the maximum money on as we go through the list so be sure you stick around to catch those last few passive income plans. .
Our first side holiday idea is with bargain sites like Swagbucks and TopCashBack. read what he said Now these are actually two different types of passive income thoughts since theyre different kinds of sites.
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Swagbucks is a get-paid-to website so you get paid to do things like take surveys, play video games, watch movies and try out free product samples. Doing each of these, you earn points that are ordinarily convertible to one hundred points for a dollar.
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 that 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 about three and a half months, non-stop. The thing with Swagbucks however is that you can do it when youre doing something else so I flip through surveys and other stuff while Im cooking dinner or even flipping channels. .
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Swagbucks is offering a $5 cash bonus just for signing up through their distinctive offer so sign up here to snag your bonus money.
TopCashBack is an online shopping cash back site in which you get 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 money back program.
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 you could try here on the merchants website so you get all the other discounts and deals they offer, you simply get an excess bonus for going through the TopCashBack web site first. .
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TopCashBack is somewhat better with the ordinary cash back around 6 percent of your purchase so if you spend $1,000 online youre going for $60 back. Again, not something thats going to make you wealthy because you need to buy things to get the money back but its completely free money on the things you were going to buy anyway. .