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One approach to speed up your debt payoff is to decrease your interest rate. If you've got high-interest debt that you want to find a lower interest rate on, check out 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 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 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 way to create some serious residual income.
Once your book can be found 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 essential. Obviously, the more time you spend marketing your books, the more money youll earn.
Have you got an extra room that you seldom use Why not rent it out to someone looking for a temporary 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 room after 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 a month renting out their spare bedrooms.
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In case you have a site already then this really is a no-brainer. Some folks are making over $50,000 per month like Michelle who teaches others how to make money online with her class Making Sense more tips here of Affiliate Marketing.
In case you dont have a web site, you can begin one for less than $3/month. Thats the cost for getting a site sponsor a company that stores your site on servers so that 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 folks click on the affiliate links on your site, you are given a commission at no additional cost . All they need to do is buy a product or service.
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So, lets say you created a lead generation website which focuses on real estate. Youd utilize the website to educate individuals about home ownership. Or, youd educate them about real estate investing.
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The actual estate professional would pay you for the lead. Its a hot lead and not a cold encounter, so professionals are more willing to pay.
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Did you know you can sell your own products on Amazon and have them even send the products for you I actually have a friend who's done really well with this he earns 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 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 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 sale.
Again, your earning strategy goes out the window if you buy things you dont need simply to earn rewards. Just go on 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 store that provides goods from certain manufacturers.