8 Simple Techniques For Passive Income In Taiwan - Passive Income Ideas

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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 some of them take a lot of work.

Passive income is money you earn out of a product or an investment in which you dont have 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 real 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 reach financial independence.

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

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Im going to start with the easy passive income ideas, the ones which you can begin making money on instantly and will work through into the ones youll make the maximum money on as we go through the listing so be sure to stick around to grab those last few passive income strategies. .

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

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Swagbucks is a get-paid-to website so you get paid to do things such as take surveys, play video games, watch videos and test out free product samples. Doing each of these, you earn points that 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 your time. Swagbucks users have redeemed over $344 million in rewards for gift cards and Amazon rewards.

Now Ive been using Swagbucks for a while and have found that the money works out to just under $2 an hour so this isnt something thats going to make you wealthy. Youd 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 that you can do it when youre doing something else so I flip through surveys and other stuff 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 distinctive offer so sign up here to snag your bonus cash.

TopCashBack is an online shopping cash back site where you get a percentage discount on anything you buy online. What you do is start at the TopCashBack website then click through one of the 4,000 retailers with a cash back Visit Your URL program.

All these are everything from Nike to Home Depot and you also get from 3 percent to 25% cash back on anything you purchase. Youre still shopping right on the merchants site so that you receive all the other discounts and bargains they provide, you just get an excess bonus for going through the TopCashBack site first. .

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