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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 take a good deal of work.

Passive income is money you make from a product or an investment in which 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 that you will ever reach financial independence.

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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, a few 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 which you can begin making money on instantly and will work through into the ones youll make the most money on as we proceed through the list so make sure to stick around to grab those last couple of passive income plans. .

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

Swagbucks is a get-paid-to site so that you get paid to do things like take polls, play video games, watch videos and test out free product samples. Doing each of them, you earn points which are ordinarily convertible to one hundred points for a buck.

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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 the money works out to just under $2 an hour this isnt something thats going to make you rich. Youd need to operate 2,500 hours to make $5,000 so thats approximately 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 surveys and other stuff whilst Im cooking dinner or even flipping channels. .

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

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TopCashBack is an online shopping cash back website 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 the 4,000 retailers using a cash back program.

All these are everything from Nike to Home Depot and you get from 3% to 25% cash back on anything you buy. Youre still shopping right on the merchants website so you receive the rest of the discounts and bargains they provide, you just get an extra bonus for going via the TopCashBack web site first. .

TopCashBack is a little better with the average cash back around 6% of your purchase so in the event that you spend $1,000 online youre going to get $60 back. Again, not something thats recommended you read going to make you wealthy because you have to buy stuff to get the money back but its free money on the things you were going to buy anyway. .

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Our next passive income notion is blogging. Im not a big fan of the term blogger as it sounds like youre just writing random notes on a site. In reality, owning your own piece of electronic real estate is large money.

I began my own sites in December 2014 and broke $5,000 a month just a couple of years after. I dropped $5,500 through 2017 and thats not including side holiday work I did freelancing.

Blogging is going to take work starting out. That path to $5,000 per month didnt happen overnight but only like real estate development, it build an asset that now creates constant cash flow if I work or not. I get over 30,000 visitors a month from Google search rankings, rankings that will continue to send traffic even if I take a little time away. .

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