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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 some of them require a good deal of work.
Passive income is money you earn from a product or an investment in which you dont have to do any more work after you set 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 you will be free of worrying about money and the only way that you could ever achieve financial independence.
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Im going to start with the simple passive income thoughts, the ones you can start making money on immediately and will work through to the ones youll create the maximum money on as we proceed through the list so make sure to stick around to grab those last few passive income strategies. .
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 try out free product samples. Doing each of them, you earn points that are usually convertible to one hundred points for a buck.
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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 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 have to work 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 helpful resources something else so I flip through surveys and other stuff whilst Im cooking dinner or flipping channels. .
Swagbucks is offering a $5 cash bonus just for signing up through their special offer so sign up here to snag your bonus cash.
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TopCashBack is an online shopping cash back site in which you receive 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 get from 3% to 25% cash back on anything you purchase. Youre still shopping right on the merchants site so you get all the other discounts and deals they offer, you simply get an additional bonus for going through the TopCashBack web site . .
TopCashBack is somewhat better with the ordinary cash 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 have to buy stuff to get the money back but its free money on the things you were going to buy anyway. .
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Our next passive income click this link idea is blogging. Im not a big fan of the term blogger as it sounds just like youre just writing random notes on a site. In fact, owning your own piece of digital property is big money.
I began my own websites in December 2014 and broke $5,000 a month just a couple of decades later. I averaged $5,500 through 2017 and thats informative post not including side holiday work I did freelancing.
Blogging is going to require work starting out. That path to $5,000 per month didnt happen overnight but only like real estate development, it build up 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. .