The Definitive Guide to Passive Income In Iran
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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 lot of work.
Passive income is money you earn from a product or an investment in which you dont have to do any more work once you set it 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.
Im going to share my seven popular passive income resources, income flows I use to make money every month. Now Im not going to sugar coat this, a few of these are going to take work but will mean thousands a month you can count on.
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Im going to start with the simple passive income ideas, the ones which you can start making money on instantly and will operate through to the ones youll make the most money on as we go through the listing so be sure to stick around to catch those last couple of passive income strategies. .
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 types of websites.
Swagbucks is a get-paid-to site so you get paid to do things such as take polls, play video games, watch videos and try out free product samples. Doing each of them, you earn points which 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 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 going to make you rich. 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 however is you can take action when youre doing something else so I flip through surveys and other things whilst Im cooking dinner or even flipping channels. .
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TopCashBack is an online shopping money back site 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 the 4,000 retailers using a cash back program.
These are everything from Nike to Home Depot and you 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 just get an additional bonus for going via the TopCashBack web site . .
TopCashBack is somewhat better with the average 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 as you have to buy stuff to find the cash back but its completely free money on the things you were going to buy anyway. .
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Our next passive income idea is blogging. Im not a big fan of the term blogger because it sounds like youre only writing random notes on a site. In reality, owning your own piece of electronic property is big money.
I began my own sites in December 2014 and broke $5,000 per month just two years later. I averaged $5,500 through 2017 and thats not including side holiday work I did freelancing.
Blogging is going to take work starting out. That path to $5,000 a month didnt happen overnight but only like property development, it build an advantage 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 site web send visitors even if I take a little time away. .