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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 out of a solution or an investment where you dont need to do any more work once you put this up. That means consistent cash flow every month whether 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 from worrying about money and the only way you will ever reach financial independence.

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Im going to discuss my seven favorite passive income sources, income streams I use to create money every month. Now Im not going to sugar coat this, a few of these 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 ideas, the ones which you can start making money on immediately and will work through into the ones youll create the maximum money on as we proceed through the listing so be sure to stick around to grab those last few passive income strategies. .

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

Swagbucks is a get-paid-to site so you get paid to do things such as take surveys, play video games, watch videos and test out free product samples. Doing each of these, you earn points that are ordinarily 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 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 that 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 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 whilst Im cooking dinner or even flipping channels. .

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

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TopCashBack is an online shopping cash back site where you receive a percentage discount on anything you buy online. Everything you do is start in the TopCashBack website then click through one of those 4,000 retailers with a money back program.

These are everything from Nike to Home Depot and you get from 3% to 25% cash back on anything you buy. Youre still shopping right on the retailers site so you get all Homepage the other web link discounts and bargains they provide, you just get an extra bonus for going via the TopCashBack site . .

TopCashBack is a little better with the ordinary cash back around 6 percent 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 wealthy as you need to buy stuff to get the cash More about the author 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 big fan of the term blogger as it sounds just like youre only writing random notes on a website. In fact, owning your own piece of digital property is big money.

I started my own websites in December 2014 and broke $5,000 per month just two years later. I dropped $5,500 through 2017 and thats not including side holiday work I did freelancing.

Blogging is still going to take work starting out. That path to $5,000 a month didnt happen overnight but just like real estate development, it build up an advantage that now generates constant cash flow whether I work or not. I receive over 30,000 visitors a month from Google search rankings, rankings that'll continue to send visitors even if I take a little time away. .

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