Passive Income Ideas In Taiwan for Dummies

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You can work your butt 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 earn out of a product or an investment in which you dont need to do any more work after you set 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 you will ever be free from worrying about money and the only way you could ever achieve financial independence.

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

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

Our very first facet holiday idea is with bargain sites like Swagbucks and TopCashBack. Now these are actually two different types of passive income ideas since theyre different kinds of sites.

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Swagbucks is a get-paid-to website so you get paid to do things like take surveys, play video games, watch videos and try out free product samples. Doing all these, 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 the time. Swagbucks users have redeemed over $344 million in benefits for gift cards and Amazon rewards.

Now Ive been using Swagbucks for a while and have found the money works out to just under $2 an hour so this isnt something thats going to make you rich. Youd try this site have 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 do it when youre doing something else I flip through polls and other things 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 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 my explanation buy online. What you do is start in the TopCashBack website then click through one of those 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 right on the merchants site so that you get the rest of the discounts and deals they offer, you just get an excess bonus for going via the TopCashBack site first. .

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