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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 some of them take a lot of work.

Passive income is money you make from a product or an investment where you dont need to do any more work once you set it up. That means consistent cash flow every 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 of worrying about money and the only way you could ever achieve financial independence.

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Im going to discuss 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 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 simple passive income ideas, the ones you can begin making money on immediately and will operate through to the ones youll create the most money on as we go through the listing so make sure to stick around to catch those last couple of passive income plans. .

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

Swagbucks is a get-paid-to site so you get paid to do things such as take polls, play video games, watch movies and try out free product samples. Doing each of these, 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 your time. Swagbucks consumers have redeemed over $344 million in 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 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 do it when youre doing something else so I flip through polls and other stuff while Im cooking dinner or even flipping channels. .

Swagbucks is offering a $5 cash bonus just for signing up by using their distinctive 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. What you do is start at 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 official statement you buy. Youre still shopping right on the merchants website so that you get all the other discounts and bargains they provide, you just get an extra bonus for going via the TopCashBack web site . .

TopCashBack is a little better with the ordinary money back around 6 percent of your purchase so in the event that you spend $1,000 online youre going to get $60 back. Again, not something thats going to make you rich because you have to buy stuff to find the money back but its completely free money on the things you were going to buy anyway. .

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Our next passive income idea is blogging. Im not a huge fan of the term blogger because it sounds like youre only writing random notes on a website. In reality, owning your own piece of digital real estate is big money.

I started my own sites in December 2014 and broke $5,000 per month just a couple of decades after. I averaged $5,500 through 2017 and thats not including side holiday work I did freelancing.

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

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