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You can work your ass 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 lot of work.

Passive income is money you earn out of a solution or an investment in which you dont have to do any more work after you set this up. That means consistent cash flow every month whether youre working or not.

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Thats the only real way to financial freedom. Passive income is the only way that you will ever be free from worrying about money and the only way you could ever reach financial independence.

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Im going to share my seven favorite passive income resources, income streams I use to create money every 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 begin with the simple passive income thoughts, the ones you can start making money on immediately and will operate through into the ones youll create the most money on as we go through the list so be sure to stick around to grab those last few passive income plans. .

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

Swagbucks is a get-paid-to website so that you get paid to do things like take surveys, play video games, watch videos and test out free product samples. Doing all these, you earn points that 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 benefits 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 my website an hour so this isnt something thats going to make you wealthy. 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 take action when youre doing something else I flip through polls and other things while Im cooking dinner or even flipping channels. .

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

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TopCashBack is an online shopping money back website in which you get a percentage discount on anything you buy online. Everything you do is start in the TopCashBack site then click through one of those 4,000 retailers with a cash back program.

All these are everything from Nike to Home Depot and you also get from 3% to 25% cash back on anything you purchase. Youre still shopping directly on the merchants website so you receive all the other discounts and deals they provide, you simply get an extra bonus for going via the TopCashBack web site first. .

TopCashBack is a little better with the ordinary cash back around 6% of your purchase so in the event that 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 money back but its completely 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 because it sounds just like youre only writing random notes on a website. In fact, owning your own like it piece of digital real estate is large money.

I started my own sites in December 2014 and broke $5,000 a month just two decades later. I averaged $5,500 through 2017 and thats not including side holiday work I did freelancing.

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

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