The smart Trick of Passive Income In Taiwan - Passive Income Ideas That Nobody is Discussing

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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 good deal of work.

Passive income is money you make out of a product or an investment in which you dont need to do any more work after you put 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 of worrying about money and the only way that you will ever reach financial independence.

Im going to share my seven popular passive income sources, income streams I use to create money each month. Now Im not going to sugar coat this, a few of these are going to take work but may mean thousands per month you can count on.

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Im going to begin 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 most money on as we proceed through the list so make sure to stick around to grab those last few passive income plans. .

Our first side hustle idea is with deal sites like Swagbucks and TopCashBack. Now these are actually two different kinds of passive income thoughts since theyre different types of websites.

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Swagbucks is a get-paid-to website so you get paid to do things such as take polls, play video games, watch videos and try out free product samples. Doing all them, you earn points which are usually convertible to one hundred points for a dollar.

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 have a peek here rewards 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 this isnt something thats going to make you rich. Youd need 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 from this source you can take action when youre doing something else I flip through polls and other stuff while Im cooking dinner or flipping channels. .

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

TopCashBack is an online shopping money back website 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 using 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 purchase. Youre still shopping directly on the merchants website so you receive the rest of the discounts and deals they provide, you simply get an extra bonus for going through the TopCashBack site . .

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TopCashBack is somewhat better with the ordinary 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 wealthy because you have to buy things to get the cash back but its free money on the things you were going to buy anyway. .