Passive Income In Taiwan Fundamentals Explained
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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 take a good deal of work.
Passive income is money you make from a product or an investment in which you dont have to do any more work once you put 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 you will be free from worrying about money and the only way that you will ever reach financial independence.
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, some of these are going to take work but will mean thousands per month you can count on.
Passive Income In Taiwan Fundamentals Explained
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Im going to begin with the easy passive income ideas, the ones you can start making money on immediately and will operate through into the ones youll create the most money on read this post here as we proceed through view it the list so make sure to stick around to catch those last few passive income plans. .
Our very first facet hustle idea is with deal sites like Swagbucks and TopCashBack. Now these are actually two different types of passive income ideas since theyre different types of sites.
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Swagbucks is a get-paid-to website so you get paid to do things such as take surveys, play video games, watch movies and test out free product samples. Doing each of them, you earn points that are usually convertible to one hundred points for a buck.
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 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 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 you can do it when youre doing something else so I flip through polls and other things while Im cooking dinner or even flipping channels. .
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Swagbucks is offering a $5 cash bonus i thought about this 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 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 buy. Youre still shopping directly on the retailers website so you get the rest of the discounts and bargains they offer, you just get an extra bonus for going through the TopCashBack web site . .
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TopCashBack is somewhat better with the average cash 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 as you have to buy stuff to find the cash back but its free money on the things you were going to buy anyway. .