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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 out of a product or an investment where 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 true way to financial freedom. Passive income is the only way you will ever be free of worrying about money and the only way that you will ever reach financial independence.

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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 may mean thousands a month you can count on.

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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 create the most money on as we proceed through the listing so make sure you stick around to grab those last few passive income plans. .

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Our very first side holiday idea is with bargain sites like Swagbucks and TopCashBack. Now these are actually two different types of passive income ideas since theyre different types of websites.

Swagbucks is a get-paid-to website so you get paid to do things such as take polls, play video Discover More games, watch movies and try 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 your time. Swagbucks users have redeemed over $344 million in benefits 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 work 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 take action when youre doing something else I flip through surveys and other stuff while Im cooking dinner or even flipping channels. .

Swagbucks is offering a $5 cash bonus just for signing up through their distinctive offer so sign up here to snag your bonus money.

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TopCashBack is an online shopping cash back website where you get a percentage discount on anything you buy online. Everything you do is start in the TopCashBack website 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% to 25% cash back on anything you buy. Youre still shopping right on the merchants website so you get all the other discounts and bargains they provide, you just get an extra bonus for going page via the TopCashBack site . .

TopCashBack is somewhat better with the average 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 wealthy because you need to buy things to find the money 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 huge fan of the term blogger as it sounds like youre just writing random notes on a website. In fact, owning your own piece of electronic property is large money.

I started my own sites in December 2014 and broke $5,000 a month just two decades later. I dropped $5,500 through 2017 and thats not including side hustle work I did freelancing.

Blogging is going to take work starting out. That path to $5,000 a month didnt happen overnight but just like property development, it build an asset that now creates constant cash flow whether I work or not. I get over 30,000 visitors a month from Google search rankings, rankings that will continue to send traffic even if I take a little time off. .

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