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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 take a good deal 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 set it up. That means consistent cash flow each month whether youre working or not.
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Thats the only true way to financial freedom. Passive income is the only way 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 resources, income streams I use to make money every month. Now Im not going to sugar coat this, some of these are going to take work but will mean thousands a month you can count on.
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Im going to start with the simple passive income ideas, the ones you can begin making money on immediately and will work through into the ones youll make the most money on as we go through the list so be sure you stick around to grab those last few passive income plans. .
Our very first side holiday idea is with bargain sites like Swagbucks and TopCashBack. Now these are actually two different kinds of passive income ideas since theyre different types of sites.
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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 these, you earn points which are ordinarily convertible to one hundred points for a buck.
Now this isnt something thats going to make you rich but you can pop over to these guys earn some legit money for less than an hour of your time. Swagbucks users 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 wealthy. Youd have 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 you can do it when youre doing something else I flip through surveys and other stuff whilst Im cooking dinner or even flipping channels. .
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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.
TopCashBack is an online shopping cash back website in which you receive a percentage discount on anything you look at here buy online. What you do is start at the TopCashBack website then click through one of those 4,000 retailers using a cash back program.
All these are everything from Nike to Home Depot and you also get from 3% to 25% cash back on anything you purchase. Youre still shopping right on the merchants 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 . .
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TopCashBack is somewhat better with the ordinary money back around 6% of your purchase so in the event that you spend $1,000 online youre going for $60 back. Again, not something thats going to make you rich because you have to buy things to find the money back but its free money on the things you were going to buy anyway. .