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One approach to boost your debt payoff would be to lower your interest rate. If you have high-interest debt that you want to find 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 way to make 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% 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 book is done, selling novels can be a fantastic method to create some severe residual income.

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

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 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 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've got a site 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 website, you can begin one for less than $3/month. Thats the price for getting a website host a company that stores your website on servers so it can be Click Here viewed on the Internet.   Click here to find special pricing of $2.95/month with Bluehost.

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

 

 

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

 

 

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

 

 

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Within the website youd have links in which 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 to the lead. Its a hot lead and not a cold encounter, so professionals would be more willing to pay.

 

 

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You could also earn money by having advertisers on your site. Note that you may need to understand SEO (Search Engine Optimization) rules in order to make the website successful. Getting your site near 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 goods for you I actually 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 with a special rewards shopping site. You will find sites which 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 Continued an e-commerce website thats qualified for cash-back, youll get a notification. I use a free site called Ebates, which will pay you $10 just for signing up.

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

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

 

 

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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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