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One approach to speed up your debt payoff would be to decrease your interest rate. If you've got high-interest debt you want to find a lower interest rate on, check out 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 make passive income Then look at opening a high-yield savings account with an online bank such as CIT Bank that pays 19 times greater than traditional banks. CIT is currently are paying 1.55percent 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 work of creating the book 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 get a check each month for doing absolutely nothing. Note that spending some time developing an effective marketing plan is vital. Obviously, the longer you spend marketing your publications, the more money youll earn.

Do you have an additional room that you rarely use Why not rent it out to someone looking for a short-term rental on Airbnb.  Millions of people 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 following a guess 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 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 per 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 can start one for less than $3/month. Thats the price for getting a site sponsor a company that stores your website on servers so it can be seen on the Internet.   Click here to find special pricing of $2.95/month with Bluehost.

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

 

 

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Another way to make passive income is to make a lead generation site. Lead generation websites exist to give warnings to local businesses.

 

 

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Therefore, lets say you produced a lead generation site which focuses on real estate. Youd use the website to educate individuals about home ownership. Or, youd educate them about property 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 region.

 

 

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The real estate professional would pay article you for the lead. Its a hot lead and not a cold lead, so professionals are more willing to pay.

 

 

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You might also earn money by having advertisers on your website. Note that you may 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 would be critical for achievement.

 

 

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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 really have a friend who has 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 with a special rewards shopping site. There are websites that will pay you each time you shop at 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 site called 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 right items go on the market.

Again, your earning plan goes out the window if 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 very common.  Here's how it works: you create an online store that provides goods from certain manufacturers.

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