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One way to boost your debt payoff is to lower your interest rate. In case you've got 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% 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 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 task of creating the book is done, selling books can be a fantastic way to produce some serious residual income.
Once your book is available on a site like Amazon, you can get a check every month for doing nothing. Note that spending some time developing an effective marketing plan is vital. Obviously, the longer you spend marketing your books, the more money youll make.
Do you have an additional room which 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 a place to stay instead of staying in a hotel, sometimes even for months at a time.
You can hire a maid service to clean and prep the room following 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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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.
In case you dont have a official site website, you can start one for less than $3/month. Thats the price for getting a website sponsor a company that stores your site on servers so it can be viewed on the Internet.  Click here to find special pricing of $2.95/month using Bluehost.
Affiliate marketing can be a great way to make passive income. This is because when folks click on the affiliate links on your website, you receive a commission at no additional cost . All they need to do is buy a product or service.
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Therefore, lets say you created a lead generation website that focuses on property. Youd utilize the website to educate people about home ownership. Or, youd instruct them about real estate investing.
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The real estate professional would cover you for the lead. Its a warm lead and not a cold encounter, 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 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 with a special rewards shopping site. You will find websites which will pay you each time you shop at certain online retailers.
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You simply download the sites browser extension and each published here time youre on an e-commerce site 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 dual money back specials, you can double your passive income earnings if the ideal 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 very popular. Here's how it works: you make an online shop that provides products from certain manufacturers.