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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 a number of them take a lot of work.

Passive income is money you make out of a product or an investment in which you dont have to do any more work once you set this up. That means consistent cash flow every month whether 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 from worrying about money and the only way that you will ever reach financial independence.

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Im going to share my seven favorite passive income resources, income flows I use to create money every 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.

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Im going to begin with the simple passive income thoughts, the ones you can start making money on instantly and will operate through into the ones youll create the most money on as we proceed through the listing so make sure you stick around to catch those last couple of passive income plans. .

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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 sites.

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

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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 the 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 the money works out to just under $2 an hour this isnt something thats going to make you wealthy. Youd have to operate 2,500 hours to make $5,000 so thats about three and a half months, non-stop. The thing with Swagbucks however is you can take action when youre doing something else I flip through surveys and other things whilst Im cooking dinner or even flipping channels. .

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

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TopCashBack is an online shopping cash back website where you get a percentage discount on anything you buy online. Everything you do is start in the TopCashBack website then you could try these out click through one of those 4,000 retailers using 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 that you get all the other discounts and bargains they provide, you just get an extra bonus for going via the TopCashBack site . .

TopCashBack is somewhat better with the average money back around 6 percent of your purchase so in the event that you spend $1,000 online youre going to get $60 back. Again, not something thats going to make you wealthy because you have to buy things 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 huge fan of the term blogger because it sounds like youre just writing random notes on a site. In fact, owning your own piece of digital real estate is large money.

I started my own websites in December 2014 and broke $5,000 per month just two decades after. I dropped $5,500 through 2017 and thats not including side holiday work I did freelancing.

Blogging is still going to require work starting out. That path to $5,000 a month didnt happen overnight but just like property development, it build up an asset that now creates constant cash flow if I work or not. I receive over 30,000 visitors a month from Google search rankings, rankings that'll continue to send visitors even if I take a little you can find out more time off. .

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