Passive Income Ideas In Taiwan Fundamentals Explained
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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 a number of them require a good deal of work.
Passive income is money you make out of a product or an investment in which you dont need to do any more work once you set it up. That means consistent cash flow each month if youre working or not.
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Thats the only true way to financial freedom. Passive income is the only way you will be free of worrying about money and the only way that 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, some of them are going to take work but may mean thousands per month you can count on.
The Definitive Guide for Passive Income In Taiwan - Passive Income Ideas
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Im going to begin with the simple passive income ideas, the ones which you can begin making money on immediately and will work through to the ones youll create the maximum money on as we proceed through the list so be sure to stick around to catch those last couple of passive income plans. .
Our very first side hustle idea is with deal websites like Swagbucks and TopCashBack. Now these are actually two different kinds of passive income thoughts since theyre different types of sites.
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Swagbucks is a get-paid-to website so that you get paid to do things such as take surveys, play video games, watch movies and test out free product samples. Doing each of 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 consumers have redeemed over $344 million in rewards 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 this isnt something thats going to make you rich. Youd need to work 2,500 hours to make $5,000 so thats approximately 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 while Im cooking dinner or even flipping channels. .
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TopCashBack is an online shopping cash back site where you receive a percentage discount on anything their explanation you buy online. What you do is start at the TopCashBack website then click through one of those 4,000 retailers using a cash back program.
All these are everything from Nike to Home Depot and you get from 3 percent to 25% cash back on anything you purchase. Youre still shopping directly on the retailers website so you get all the other discounts and bargains they provide, you just get an extra bonus for going via the TopCashBack site first. .
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TopCashBack is somewhat better with the ordinary money 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 because you have to buy things to find the cash back but its free money on the things you were going to buy anyway. .