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You can work your butt 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 good deal of work.

Passive income is money you make out of a solution or an investment where you dont need to do any more work once 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 will ever achieve financial independence.

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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 a month you can count on.

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

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

Swagbucks is a get-paid-to website so you get paid to do things like take polls, play video games, watch videos and try 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 click site something thats going to make you rich but you can earn some legit money for less than an hour of your time. Swagbucks consumers have redeemed over $344 million in rewards for gift cards and Amazon rewards.

Now Ive been using Swagbucks for a little while and have found the money works out to just under $2 an hour so this isnt something thats check over here going to make you wealthy. Youd need 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 that you can do it when youre doing something else so I flip through surveys and other things while Im cooking dinner or even flipping channels. .

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

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

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 directly on the retailers website so that you get all the other discounts and deals they offer, you simply get an additional bonus for going through the TopCashBack web site first. .

TopCashBack is a little better with the average money back around 6% 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 need to buy stuff to get the money back but its 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 as it sounds just like youre only writing random notes on a website. In fact, owning your own piece of electronic property is large money.

I began my own sites in December 2014 and broke $5,000 a month just two years later. 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 route to $5,000 per month didnt happen overnight but just like real estate development, it build up an asset that now creates constant cash flow if I work or not. I get over 30,000 visitors a month from Google search rankings, rankings that will continue to send visitors even when I take a little time off. .

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