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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 find a lower interest rate on, have a look at 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 greater than traditional banks. CIT is currently are paying 1.55% which is unreal.
Although 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 great method to produce some serious residual income.
Once your book is available on a website like Amazon, you can get a check each month for doing absolutely nothing. Note that spending some time developing an effective marketing plan is vital. Evidently, the more time you spend marketing your publications, the more money youll make.
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 individuals use Airbnb to find a place 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 space 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 per month renting out their spare bedrooms.
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In case you have a website already then this really is a no-brainer. Some people 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 website, you can start one for less than $3/month. Thats the cost 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 find 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 have to do is buy a product or service.
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So, lets say you produced a lead generation site that 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 cover you to the lead. Its a warm lead and not a cold lead, 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 ship the goods for you I really have a friend who has 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 website. There are sites that will pay you each time you shop at certain online retailers.
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You just download the websites 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 named Ebates, which will cover you $10 just for signing up.
With their double cash back specials, 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 simply to earn rewards. Just go on your shopping as normal, 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 create an online shop that provides goods from certain manufacturers.