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One approach to speed up your debt payoff would be to lower your interest rate. If you've got high-interest debt you want to get a lower interest rate on, check out Credible, which offers loan rates as low as 4.99% for refinancing your credit card debt.

Are you looking for a low-risk method to make passive income Then consider 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% that's unreal.

Although this wont make you filthy rich, it'll be a safer way to create 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 books can be a fantastic method to create some serious residual income.

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

Have you got an additional room which you rarely use Why not rent it out to someone looking for a temporary rental on Airbnb.  Millions of people use Airbnb to find a place to stay instead of staying in a resort, sometimes even for months at a time.

You can hire a maid service to clean and prep the space after 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 site already then this really is a no-brainer.  Some folks are making over $50,000 a month 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 start 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 viewed on the Internet.   Click here to find special pricing of $2.95/month using Bluehost.

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

 

 

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Another way to produce passive income is to make a lead generation website. Lead generation sites exist to give referrals to local businesses.

 

 

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So, lets say you created a lead generation website which focuses on real estate. Youd utilize the site in order to educate people about home ownership. Or, youd educate them about property 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 for the lead. Its a hot lead and not a cold encounter, 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 have to understand SEO (Search Engine Optimization) rules in order to make the site successful. Getting your website at the top of search engine pages will be critical to success.

 

 

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Did you know 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 with a distinctive rewards shopping website. There are sites that will pay you every time you shop at see this website certain online retailers.

 

 

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You simply download the websites 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 called 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 items go on sale.

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

 

 

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

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