thanks for posting "somebodysomewhere" i am more inclined towards the payday/cash advance side. lot of business do the big sign thing but it usually takes them to a Cashadvance store nearby. I want this to be all Online, I know this has been done many times already i am just brand new to this online marketing/money making this is not my field at all. so i apologize for these basic questions.
1. any idea how i can generate traffic to my site (i know of adwords but that is very expensive for startup, any other alternative)
Also please let me know in the meantime where can i redirect this to make a cent, i will do it right away.
thanks for any input
We are here to help. Don't take the shots too seriously the industry is all about ingenuity, you never know when a "joke" might actually make you a buck with a bit of a twist. There is a plethora of information available here about exactly whatever you want to know about web development and traffic generation as well as monetization. You have a lot of reading to catch up on as another member put it.

That's not to say people will not help with explicit questions, but a lot of the senior members don't take kindly to being asked to "spoon feed" you. I didn't take your post as such, and don't mind spoon feeding others getting into the business it's hard to break into and get your mind around. We were all there once.
There are a lot of professionals here who have spent years reading, learning applying and testing techniques. They don't have the time to walk people through step by step, especially when a step by step has already been written. Use the search feature, it is your friend, you can find something on about everything. If it's not there or you need clarification ask away and don't be turned off if some members come off a bit off putting. After spending a bit of time learning the ropes you will see a lot of simple questions that have been asked multiple times answered multiple ways boiling down to the same thing. It's easy to become a bit jaded after doing it for a bit.
Back to the specifics of your question. If you're looking for instant monetization look at installing adsense on your site (once you have some content). If you go the payday loan route, you can start with CPA or cost per action. A few networks to check out are marketleverage, peerfly or cpaway are all noob friendly. I also like moobooka. There you will find links going to payday loan offers already set up. If some of your traffic signs up or fills out an offer you can get $20 to $40 per sale pretty easy. Another immediate monetization technique is ******, they only pay a few bucks per 1000k visitors but you mentioned how now. Essentially you enter a url like yours in their shortening service and anyone that uses the short link generates cash for you.
Another immediate monetization technique. Flippa and the other domain listing services offer "domain parking" meaning your domain would re-direct to their pre-established ads. If anyone takes action/clicks etc you get a cut while your domain is waiting to sell.
The possibilities are endless. As far as how to generate cheap traffic to your site, SEO and social media is the way to go in my opinion. SEO takes time and patience (and content). Social media is great for short term spikes (Sharing on Facebook, YouTube, Etc).
Welcome to the forum, don't get discouraged, read put together ideas, test them, track them and.... Rinse and repeat.