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One way to speed up your debt payoff would be to lower your interest rate. If you have high-interest debt you want to find a lower interest rate on, have a look at Credible, which features loan rates as low as 4.99% for refinancing your credit card debt.

Are you looking for a low-risk way to produce 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 books can be a fantastic method to create some severe residual income.

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

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 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 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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If you've got a site already then this really is a no-brainer.  Some people are making over $50,000 per month just like Michelle who teaches others how to earn money online with her course Making Sense of Affiliate Marketing.

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

Affiliate marketing can be a great way to produce passive income. That is because when people 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 create a lead generation site. Lead generation websites exist to provide referrals to local businesses.

 

 

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Therefore, 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 property investing.

 

 

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

 

 

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The actual estate professional would cover you for the lead. Its a hot Related Site lead and not a cold encounter, so professionals are more willing to pay.

 

 

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You might also make 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 website at the top of search engine pages will be vital for achievement.

 

 

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Did you know you can sell your own products on Amazon and have them even ship the goods for you I really have a friend who has done really well with this as he makes six figures per year selling his own products online.

You can earn even more money by signing up using a special rewards shopping website. There are websites that will pay you each time you shop at certain online retailers.

 

 

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You simply download the sites browser extension and every 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 money back specials, then 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 visite site you buy things you dont need just to earn rewards. Just go on 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 popular.  Here's how it works: you create an online shop that provides products from certain manufacturers.

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