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One way to speed up your debt payoff is 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 offers loan amounts as low as 4.99% for refinancing your credit card debt.
Are you looking for a low-risk way to make passive income Then consider 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% which is unreal.
While this wont make you filthy rich, it will 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 books can be a great way to produce some severe residual income.
Once your book is available on a site like Amazon, you can get a check every month for doing absolutely 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 earn.
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 people use Airbnb to find somewhere 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 will 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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If 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 make money online with her class Making Sense of Affiliate Marketing.
If you dont have a web site, you can begin one for less than $3/month. Thats the cost for getting a site host a company that stores your website on servers so it can be viewed on the Internet. Click here to get special pricing of $2.95/month using Bluehost.
Affiliate marketing can be a great way to make passive income. That is because when people click on the affiliate links on your site, you receive a commission at no additional cost to them. All they need to do is purchase a product or service.
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Therefore, lets say you produced a lead generation website that focuses on property. Youd use the site in order to educate people about home ownership. Or, youd instruct them about real estate investing.
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The real estate professional would pay you for the lead. Its a warm lead and not a cold lead, so professionals would be 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 really have a friend who has 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 every 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 website thats qualified for cash-back, youll receive a notification. I use a free site named Ebates, which will pay you $10 just for signing up.
Using their double 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 you buy 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 very popular. Here's how it works: you make an online shop that provides products from certain manufacturers.