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One approach to boost your debt payoff would be to decrease your interest rate. If you have high-interest debt you want to find a lower interest rate on, have a look at Credible, which offers loan rates 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'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 great way to produce some severe residual income.
Once your book can be found on a site 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 books, the more money youll make.
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 a place to stay instead of staying in a resort, sometimes even for months at a time.
You can hire a maid service to clean and prep the space 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 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 like Michelle who teaches others how to earn 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 host a company that stores your site on servers so that it can be viewed on the Internet. Click here to get special pricing of $2.95/month using Bluehost.
Affiliate marketing can be a great way to make passive income. That is because when people click on the affiliate links on your website, you are given 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 website that focuses on property. Youd utilize the website to educate people about home ownership. Or, youd educate them about property investing.
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The real estate professional would cover you to 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 you can sell your own products on Amazon and have them even send the products for you I really have a friend who's 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 with a special rewards shopping website. There are websites which will pay you every 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 get a notification. I use a free site called 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 ideal items go on the market.
Again, your earning strategy goes out the window if you purchase things you dont need simply to earn rewards. Just go on your shopping as usual, 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 make an online shop that provides goods from certain manufacturers.