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One way to boost your debt payoff would be to decrease your interest rate. If you've got high-interest debt that you want to get 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 method 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 greater than traditional banks. CIT is currently are paying 1.55percent that's unreal.
While 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 task of creating the book is done, selling novels can be a great method to create 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 essential. Obviously, the longer you spend marketing your books, the more money youll make.
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 hotel, 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 bedrooms.
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In case you have a website already then this is a no-brainer. Some people are making over $50,000 per month just like Michelle who teaches others how to earn money online with her class 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 site host a company that stores your website on servers so that it can imp source be viewed on the Internet.  Click here to get special pricing of $2.95/month with Bluehost.
Affiliate marketing can be a great way to make passive income. This is because when folks click on the affiliate links on your site, you are given a commission at no additional cost . All they have to do is purchase a service or product.
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So, lets say you produced a lead generation website which focuses on property. Youd utilize the site in order to educate people 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 hot lead and not a cold encounter, so professionals are more willing to pay.
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Did you know that you can sell your own products on Amazon and have them even ship the goods for you I actually have a friend who has 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 website. There are sites which will pay you every time you shop at certain online retailers.
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You simply download the websites browser extension and each time youre on an e-commerce site thats qualified for cash-back, youll get a notification. I use a free website called Ebates, which will pay you $10 just for signing up.
With their double money back specials, then you can double your passive income earnings if the ideal items go on sale.
Again, your earning plan goes out the window if you buy things you dont need simply to earn rewards. Just go about 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 very common. Here's how it works: you make an online shop that provides products from certain manufacturers.