The Ultimate Guide To Passive Income Ideas 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 some of them require a good deal of work.
Passive income is money you make out of a product or an investment where you dont have to do any more work after you set it up. That means consistent cash flow each month whether youre working or not.
The Best Guide To Passive Income Ideas In Taiwan
Thats the only real way to financial freedom. Passive income is the only way that you will be free of worrying about money and the only way you could ever achieve financial independence.
Im going to share my seven popular passive income resources, 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 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 listing so make sure to stick around to catch those last couple of passive income strategies. .
Our very first facet hustle idea is with bargain sites like Swagbucks and TopCashBack. Now these are actually two different kinds of passive income ideas since theyre different types of sites.
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Swagbucks is a get-paid-to site so you get paid to do things like take polls, play video games, watch movies and test out free product samples. Doing each of these, you earn points that are usually next 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 consumers have redeemed over $344 million in benefits 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 so this isnt something thats going to make you wealthy. Youd need to work 2,500 hours to make $5,000 so thats about three and a half months, non-stop. The thing my sources with Swagbucks though is that you can take action when youre doing something else so I flip through polls and other things while Im cooking dinner or 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 cash back site where you receive a percentage discount on anything you buy online. What you do is start in the TopCashBack website then click through one of those 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 purchase. Youre still shopping right on the merchants site so you get all the other discounts and deals they offer, you simply get an extra bonus for going via the TopCashBack site first. .
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TopCashBack is somewhat better with the ordinary cash back around 6% of your purchase so if you spend $1,000 online youre going for $60 back. Again, not something thats browse around this site going to make you rich as you need to buy things to get the cash back but its free money on the things you were going to buy anyway. .