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One way to speed up your debt payoff is to lower your interest rate. If you've got high-interest debt you want to get a lower interest rate on, check out Credible, which features loan rates as low as 4.99% to 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 such as CIT Bank that pays 19 times greater than traditional banks. CIT is currently are paying 1.55percent which is 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 work of creating the book is done, selling books can be a fantastic way to produce some serious residual income.
Once your book can be found on a website like Amazon, you could get a check every month for doing nothing. Note that spending some time developing an effective marketing plan is vital. Obviously, the more time you spend marketing your books, the more money youll earn.
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 people use Airbnb to find a place to stay instead of staying at a resort, sometimes even for months at a time.
You can hire a maid service to clean and prep the room 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 a month renting out their spare bedrooms.
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In case you have a site already then this is a no-brainer. Some people are making over $50,000 a month just like Michelle who teaches others how to earn money online with her course Making Sense of Affiliate Marketing.
In case you dont have a website, 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 that it can be seen on the Internet. Click here to get special pricing of $2.95/month with Bluehost.
Affiliate marketing can be a terrific way to produce passive income. This is because when folks click on the affiliate links on your website, you receive a commission at no additional cost to them. All they have to do is buy a service or product.
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So, lets say you created a lead generation site which focuses on property. Youd utilize the site to educate people about home ownership. Or, youd educate them about real estate investing.
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The actual estate professional would pay you to the lead. Its a warm lead and not a cold encounter, so professionals are over at this website more willing to pay.
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Did you know you can sell your own products on Amazon and have them even ship 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 distinctive 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 websites browser extension and every time youre on an e-commerce website thats eligible for cash-back, youll get a notification. I use a free site named Ebates, which will cover you $10 just for signing up.
Using their dual money back specials, then you can double your passive income earnings if the right 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 extremely popular. Here's how it works: you create an online store that offers products from certain manufacturers.