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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, have a look at Credible, which offers loan rates as low as 4.99% for refinancing your credit card debt.

Are you looking for a low-risk way to make passive income Then consider opening a high-yield savings account with an online bank like CIT Bank that pays 19 times greater than traditional banks. CIT is currently are paying 1.55% that's unreal.

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

 

 

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Once the initial work of creating the publication is done, selling novels can be a fantastic method to produce some serious residual income.

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

Have you got an extra 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 a place to stay instead of staying at a resort, sometimes even for months at a time.

You can hire a maid service to clean and prep the room after a suspect leaves. This may 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 just like Michelle who teaches others how to make money online with her class Making Sense of Affiliate Marketing.

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

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

 

 

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Another way to make passive income is to create a lead generation website. Lead generation websites exist to provide referrals to local businesses.

 

 

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Therefore, lets say you created a lead generation website that focuses on property. Youd use the website in order to educate people about home ownership. Or, youd instruct them about real estate investing.

 

 

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Within the website youd have links where people could contact you to learn more. When someone contacts you, you refer them to a real estate professional in their area.

 

 

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The real estate professional would cover you to the lead. Its a hot lead and not a cold lead, so professionals would be more willing to pay.

 

 

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You could also make money by having advertisers on your site. Note that you would have to understand SEO (Search Engine Optimization) rules in order to make the website successful. Getting your website at the top of search engine pages would be vital for success.

 

 

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Did you know that you can sell your own products on Amazon and have them even ship the products for you I really have a friend who's done very 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 special rewards shopping site. You will find sites which will pay you every time you shop at certain online retailers.

 

 

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You just download the sites browser extension and every time youre on an e-commerce website thats qualified for cash-back, youll get a notification. I use a free website named Ebates, which will pay you $10 just for signing up.

With their double cash back specials, you can double your passive income earnings in the event the ideal things go on the market.

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

 

 

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With the explosion of eCommerce, drop shipping has become Learn More very popular.  Here's how it works: you create an online store that provides goods from certain manufacturers.

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