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One approach to speed up your debt payoff is to lower your interest rate. If 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% to refinancing your credit card debt.

Are you looking for a low-risk way to produce passive income Then look at opening a high-yield savings account with an online bank like 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 create 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 fantastic method to produce some severe residual income.

Once your book is available on a site like Amazon, you could get a check every month for doing nothing. Note that spending some time developing an effective marketing plan is vital. Evidently, the longer you spend marketing your books, the more money youll make.

Have you got an additional room which you seldom use Why not rent it out to someone looking for a short-term rental on Airbnb.  Millions of individuals use Airbnb to find somewhere to stay instead of staying in a hotel, 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 bedrooms.

 

 

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If you've got a site already then this really is a no-brainer.  Some folks 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.

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

Affiliate marketing can be a terrific way to make passive income. That is because when people 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 make passive income is to make a lead generation website. Lead generation sites exist to provide referrals to local businesses.

 

 

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So, lets say you created a lead generation site that focuses on property. Youd use the site 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 in which individuals could contact you to learn more. When someone contacts you, you refer them to some real estate professional in their area.

 

 

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The actual estate professional would cover next you to the lead. Its a warm lead and not a cold lead, so professionals are more willing to pay.

 

 

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You could also make money by having advertisers on your website. Note that you may 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 will be vital for achievement.

 

 

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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 actually have a friend who has done very well with this as 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 site. You will find websites which will pay you each time you shop at certain online retailers.

 

 

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

Using their double cash back specials, then you can double your passive income earnings if the right things go on the market.

Again, your earning plan goes out the window if you buy 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 make an online store that offers goods from certain manufacturers.

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