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One way to speed up your debt payoff is to decrease your interest rate. In case you've got high-interest debt you want to get a lower interest rate on, have a look at Credible, which features loan amounts 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 like CIT Bank that pays 19 times greater than traditional banks. CIT is currently are paying 1.55% which is 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 task of creating the book is done, selling books can be a fantastic way to create some serious residual income.

Once your book can be found on a website like Amazon, you can receive 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 make.

Have you got an extra room that 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 room after a guess leaves. This will eliminate work on your end and make it truly passive income. My friend Steve and his wife make over $1000 a 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 folks are making over $50,000 a month just like Michelle who teaches others how to earn money online with her class Making Sense of Affiliate Marketing.

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

Affiliate marketing can be a great 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 to them. 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 sites exist to provide referrals to local businesses.

 

 

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

 

 

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Within the site youd have links where individuals 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 actual estate professional would pay you for the lead. Its a warm lead and not a cold encounter, so professionals are 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 site near the top of search engine pages will be vital to success.

 

 

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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's done really well with this as he earns six figures per year selling his own products online.

You can earn even more money by signing up using a distinctive rewards shopping site. There are websites which will pay you each 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 eligible for cash-back, youll receive a notification. I use a free website named Ebates, which will pay you $10 just for signing up.

Using their dual cash back specials, you can double your passive income earnings in the event the ideal items go on sale.

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 extremely common.  Here's how it works: you make an online shop that offers goods from certain manufacturers.

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