The Basic Principles Of Passive Income In Taiwan

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You can work your ass 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 require a lot of work.

Passive income is money you make out of a solution or an investment where you dont need to do any more work once you put it up. That means consistent cash flow each 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 you will ever achieve financial independence.

Im going to discuss my seven favorite passive income sources, income flows I use to make money each 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.

The Basic Principles Of Passive Income In Taiwan

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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 work through into the ones youll create the maximum money on as we go through the list so be sure you stick around to catch those last few passive income strategies. .

Our very first side holiday 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 site so that you get paid to do things like take surveys, play blog video games, watch videos and test out free product samples. Doing all these, you earn points which are ordinarily 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 consumers have redeemed you could try these out 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 this isnt something thats going to make you rich. 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 that you can take action 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 offering a $5 cash bonus just for signing up by using their special 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. Everything you do is start at the TopCashBack site then click through one of the 4,000 retailers using a money back program.

These are everything from Nike to Home Depot and you also get from 3 percent to 25% cash back on anything you buy. Youre still shopping directly on the merchants website so that you get all the other discounts and deals they offer, you just get an excess bonus for going through the TopCashBack site first. .

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TopCashBack is somewhat better with the ordinary 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 wealthy because you need to buy things to find the cash back but its free money on the things you were going to buy anyway. .