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One approach to boost your debt payoff is to lower your interest rate. In case you have high-interest debt you want to get a lower interest rate on, have a look at Credible, which offers loan amounts 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 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 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 task of creating the book is done, selling books can be a great way to create some severe residual income.
Once your book is available on a website like Amazon, you could receive a check each 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.
Do you have an extra room which 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 hotel, sometimes even for months at a time.
You can hire a maid service to clean and prep the space after 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 per month just like Michelle who teaches others how to make money online with her course Making Sense of Affiliate Marketing.
In case you dont have a web site, you can start one for less than $3/month. Thats the cost for getting a website sponsor you can try this out a company that stores your site on servers so that it can be seen on the Internet. Click here to get special pricing of $2.95/month using Bluehost.
Affiliate marketing can be a great way to produce passive income. This is because when folks 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 service or product.
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So, lets say you produced a lead generation site that focuses on property. Youd use the website to educate individuals about home ownership. Or, youd educate them about property 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 ship the products for you I actually have a friend who's done very well with this he makes 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 sites which will pay you every time you shop at certain online retailers.
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You simply download the sites browser extension and each time youre on an e-commerce website thats qualified for cash-back, youll receive a notification. I use a free website called Ebates, which will pay you $10 just for signing up.
With their double cash 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 home as normal, and potentially earn a nice cash bonus in the procedure.
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With the explosion of eCommerce, drop shipping has become extremely common. Here's how it works: you create an online store that offers goods from certain manufacturers.