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One approach to speed up your debt payoff would be 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% for 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 greater 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 work of creating the publication is done, selling novels can be a great way to produce some serious residual income.

Once your book can be found on a website like Amazon, you can receive a check each month for doing absolutely nothing. Note that spending some time developing an effective marketing plan is essential. Evidently, the longer you spend marketing your publications, the more money youll earn.

Do you have an extra room which you rarely use Why not rent it out to someone looking for a short-term 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 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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If 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 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 price for getting a site host a company that stores your site on servers so 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. This is because when people click on the affiliate links on your website, you are given a commission at no additional cost . All they have to do is purchase a service or product.

 

 

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Another way to make passive income is to create a lead generation site. Lead generation sites exist to provide warnings to local businesses.

 

 

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So, lets say you created a lead generation site which focuses on real estate. Youd utilize the site in order to educate individuals about home ownership. Or, see youd educate them about real estate investing.

 

 

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Within the site youd have links where people could contact you to learn more. When someone contacts you, you refer them to some real estate professional in their region.

 

 

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The real estate professional would pay you to the lead. Its a hot lead and not a cold lead, so professionals would be more willing to pay.

 

 

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You might also make money by having advertisers on your site. Note that you may have to understand SEO (Search Engine Optimization) rules in order to make the website successful. Getting your website near the top of search engine pages would be critical to success.

 

 

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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'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 using a special rewards shopping site. You will find sites that will pay you each time you shop at certain online retailers.

 

 

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You just download the sites browser extension and every time youre on an e-commerce site 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, 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 just to earn rewards. Just go about your shopping 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 popular.  Here's how it works: you create an online store that offers goods from certain manufacturers.

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