Passive Income In Taiwan - Passive Income Ideas 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 some of them require a good deal of work.

Passive income is money you earn out of a product or an investment where you dont have 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 true way to financial freedom. Passive income is the only way that you will be free from worrying about money and the only way that you could ever achieve financial independence.

Im going to discuss my seven favorite passive income sources, income streams I use to make money every month. Now Im not going to sugar coat this, some of these are going to take work but may mean thousands per month you can count on.

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Im going to start with the easy passive income thoughts, the ones you can start making money on immediately and will operate through to the ones youll create the maximum money on as we go through the listing so be sure you stick around to catch those last couple of 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 site thoughts because theyre different kinds of sites.

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Swagbucks is a get-paid-to website so that other you get paid to do things like take polls, play video games, watch movies and try out free product samples. Doing all them, you earn points which 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 your time. Swagbucks users 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 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 you can take action when youre doing something else so I flip through polls and other stuff whilst Im cooking dinner or even flipping channels. .

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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.

TopCashBack is an online shopping money back site where you receive a percentage discount on anything you buy online. What you do is start at the TopCashBack site then click through one of the 4,000 retailers with a money 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 merchants website so that you get the rest of the discounts and bargains they offer, you simply get an extra bonus for going via the TopCashBack site . .

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TopCashBack is a little better with the average money 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 rich because you need to buy stuff to get the money back but its completely free money on the things you were going to buy anyway. .