The Only Guide to Passive Income Ideas In Taiwan

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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 make from a solution or an investment in which you dont need to do any more work once you set this 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 ever be free of worrying about money and the only way that you will ever achieve financial independence.

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

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

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

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Swagbucks is a get-paid-to site so that you get paid to do things like take surveys, play video games, watch videos and test out free product samples. Doing all them, you earn points that 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 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 polls and other stuff while Im cooking dinner or flipping channels. .

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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 cash.

TopCashBack is an online shopping money back site where you receive a percentage discount on anything you buy these details online. Everything you do is start in the TopCashBack site then click through one of those 4,000 retailers with 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 you get the rest of the discounts and deals they provide, you simply 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 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 stuff to get the money back but its free money on the things you were going to buy anyway. .