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One way to speed up your debt payoff would be to lower your interest rate. If you've got high-interest debt that you want to get 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 make passive income Then consider opening a high-yield savings account with an online bank like 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 work of creating the publication is done, selling novels can be a fantastic way to create some serious residual income.

Once your book can be found 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 essential. Obviously, the longer you spend marketing your publications, the more money youll earn.

Do you have an additional room that you seldom use Why not rent it out to someone looking for a short-term rental on Airbnb.  Millions of people use Airbnb to find somewhere 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 following a guess leaves. This will 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 like Michelle who teaches others how to earn 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 sponsor 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 terrific way to make passive income. This is because when people click on the affiliate links on your site, you receive a commission at no additional cost to them. All they need to do is buy a service or product.

 

 

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Another way to produce passive income is to create a lead generation site. Lead generation websites exist to give referrals to local businesses.

 

 

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

 

 

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Within the website youd have links in which 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 actual estate professional would cover you for the lead. Its a hot lead and not a cold lead, so professionals are more willing to pay.

 

 

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You could also earn money by having advertisers on your website. Note that you would have to understand SEO (Search Engine Optimization) principles in order to make the website successful. Getting your website at the top of search engine pages will be critical to success.

 

 

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Did you know that you can sell your own products on Amazon and have them even send the products 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 distinctive rewards shopping site. You will find 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 site thats eligible for cash-back, youll receive a notification. I use a free website called Ebates, which will cover you $10 just for signing up.

Using their dual money back specials, then you can visit site double your passive income earnings if the ideal items go on sale.

Again, your earning strategy goes out the window if you purchase things you dont need just to earn rewards. Just go on 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 common.  Here's how it works: you make an online shop that provides products from certain manufacturers.

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