The 6-Minute Rule for Passive Income In Taiwan

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You can work your butt 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 out of 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 if 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 you could ever reach financial independence.

Im going to discuss my seven favorite passive income sources, income flows I use to make 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 begin with the simple passive income thoughts, the ones which you can begin making money on instantly and will operate through into the ones youll create these details the maximum money on as we proceed through the listing so be sure you stick around to grab those last couple of passive income plans. .

Our first facet holiday idea is with deal sites like Swagbucks and TopCashBack. Now these are actually two different types of passive my response income thoughts because theyre different kinds of websites.

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Swagbucks is a get-paid-to website so that you get paid to do things such as take polls, 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 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 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 approximately 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 things while Im cooking dinner or even flipping channels. .

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

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

All these are everything from Nike to Home Depot and you get from 3 percent to 25% cash back on anything you purchase. Youre still shopping directly on the retailers site so that you get all the other discounts and deals they offer, you just get an extra bonus for going through the TopCashBack site first. .

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TopCashBack is a little better with the average money back around 6 percent of your purchase so if you spend $1,000 online youre going for $60 back. Again, not something thats going to make you rich as you need to buy things to get the money back but its completely free money on the things you were going to buy anyway. .