Passive Income In Taiwan Things To Know Before You Get This
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You can work your butt 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 lot of work.
Passive income is money you make from a solution or an investment where you dont need to do any more work after you set this 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 that you will ever be free from worrying about money and the only way that you could ever achieve financial independence.
Im going to discuss my seven favorite passive income sources, income flows I use to make money each month. Now Im not going to sugar coat this, some of them are going to take work but will mean thousands per month you can count on.
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Im going to begin with the easy passive income ideas, the ones which you can start making money on immediately and will this article work through into the ones youll make the maximum money on as we proceed through the list so be sure you stick around to grab those last couple of passive income strategies. .
Our first side hustle idea is with deal sites like Swagbucks and TopCashBack. Now these are actually two different types of passive income ideas because theyre different kinds of websites.
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Swagbucks is a get-paid-to website 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 usually convertible to one hundred points for a buck.
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 users have redeemed over $344 million in rewards 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 this isnt something thats going to make you wealthy. Youd have 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 you can take action when youre doing something else so I flip through surveys and other things 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 cash.
TopCashBack is an online shopping money back website in which you receive a percentage discount go now on anything you buy online. Everything you do is start in click site the TopCashBack site then click through one of those 4,000 retailers with a money back program.
These are everything from Nike to Home Depot and you also get from 3% to 25% cash back on anything you buy. Youre still shopping right on the retailers site so that you get all the other discounts and bargains they offer, you simply get an excess bonus for going through the TopCashBack web site . .
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TopCashBack is a little better with the average cash back around 6 percent 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 you have to buy stuff to find the cash back but its free money on the things you were going to buy anyway. .