Passive Income In Taiwan for Dummies

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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 good deal 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 set this 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 you will ever be free of worrying about money and the only way that you could ever reach financial independence.

Im going to discuss my seven favorite passive income resources, income flows I use to create money each month. Now Im not going to sugar coat this, some of these are going to take work but will mean thousands a month you can count on.

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Im going to start with the simple passive income ideas, the ones you can begin making money on immediately and will operate through to the ones youll create the most money on as we go through the listing so make sure to stick around to catch those last few passive income strategies. .

Our first side hustle idea is with bargain websites like Swagbucks and TopCashBack. Now these are actually two different kinds of passive income thoughts since theyre different types of websites.

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Swagbucks is a get-paid-to website so that you get paid to do things like take polls, play video games, watch movies and test out free product samples. Doing all 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 users have redeemed over $344 million webpage in benefits 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 rich. Youd need to work 2,500 hours to make $5,000 so thats about three and a half months, non-stop. The thing with Swagbucks though is you can take action when youre doing something else I flip through surveys and other things whilst Im cooking dinner or even flipping channels. . you can try this out

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Swagbucks is offering a $5 cash bonus just for signing up through their special offer so sign up here to snag your bonus money.

TopCashBack is an online shopping cash back site in which you receive a percentage discount on anything you buy online. Everything you do is start in 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% to 25% cash back on anything you buy. Youre still shopping directly on the retailers website so that you receive all the other discounts and deals they offer, you just get an extra bonus for going through the TopCashBack web site first. .

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