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One approach to speed up your debt payoff would be to decrease your interest rate. In case you have high-interest debt you want to get a lower interest rate on, check out Credible, which features loan rates as low as 4.99% to refinancing your credit card debt.

Are you looking for a low-risk method to produce passive income Then look at opening a high-yield savings account with an online bank such as CIT Bank that pays 19 times more than traditional banks. CIT is currently are paying 1.55% which is unreal.

While this wont make you filthy rich, it will be a safer way to make consistent income and not lose your money since CIT FDIC insured.

 

 

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Once the initial task of creating the book is done, selling books can be a great method to create some severe residual income.

Once your book is available on a website like Amazon, you could get a check each month for doing absolutely nothing. Note that spending some time developing an effective marketing plan is essential. Evidently, the longer you spend marketing your publications, the more money youll earn.

Have you got an additional room that you seldom use Why not rent it out to someone looking for a temporary rental on Airbnb.  Millions of individuals use Airbnb to find somewhere to stay instead of staying at a hotel, sometimes even for months at a time.

You can hire a maid service to clean and prep the space following a suspect leaves. This will eliminate work on your end and make it truly passive income. My friend Steve and his wife make over $1000 per month renting out their spare bedrooms.

 

 

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In case you have a website already then this is a no-brainer.  Some people are making over $50,000 a month like Michelle who teaches others how to make money online with her course Making Sense of Affiliate Marketing.

If you dont have a web site, you can begin one for less than $3/month. Thats the price for getting a site host a company that stores your site on servers so it can be viewed on the Internet.   Click here to find special pricing of $2.95/month using Bluehost.

Affiliate marketing can be a great way to make passive income. That is because when folks click on the affiliate links on your website, you receive a commission at no additional cost . All they have to do is buy a product or service.

 

 

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Another way to make passive income is to make a lead generation site. Lead generation websites exist to provide warnings to local businesses.

 

 

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Therefore, lets say you produced a lead generation site which focuses on property. Youd use the site to educate individuals about home ownership. Or, youd instruct them about property investing.

 

 

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Within the site youd have links in which individuals could contact you to learn more. When someone contacts you, you refer them to a real estate professional in their region.

 

 

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The actual estate professional would cover you to the click this link lead. Its a hot lead and not a cold lead, so professionals are more willing to pay.

 

 

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You could also earn money by having advertisers on your website. Note that you would need to understand SEO (Search Engine Optimization) principles in order to make the site successful. Getting your site near the top of search engine pages will be critical to success.

 

 

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Did you know that you can sell he said your own products on Amazon and have them even send the products for you I really have a friend who's done really well with this he earns six figures per year selling his own products online.

You can earn even more money by signing up using a distinctive rewards shopping site. There are sites that will pay you every time you shop at certain online retailers.

 

 

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You just download the sites browser extension and each time youre on an e-commerce site thats eligible for cash-back, youll receive a notification. I use a free site called Ebates, which will pay you $10 just for signing up.

With their dual cash back specials, you can double your passive income earnings if the ideal items go on sale.

Again, your earning plan goes out the window if you buy things you dont her response need just to earn rewards. Just go about your shopping as normal, and potentially earn a nice cash bonus in the process.

 

 

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With the explosion of eCommerce, drop shipping has become extremely common.  Here's how it works: you make an online shop that offers products from certain manufacturers.

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