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One way to boost your debt payoff would be to decrease your interest rate. If you have high-interest debt that 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 method 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 which is 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 fantastic way to produce some severe residual income.

Once your book can be found on a site like Amazon, you could get a check each month for doing 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 make.

Have you got an additional room that you seldom use Why not rent it out to someone looking for a temporary rental on Airbnb.  Millions of individuals 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 room after 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 a month renting out their spare bedrooms.

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In case you have a website already then this really 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 course Making Sense of Affiliate Marketing.

In case you dont have a website, you can begin one for less than $3/month. Thats the cost for getting a website host a company that stores your site on servers so that it can be seen on the my latest blog post Internet.   Click here to get special pricing of $2.95/month with Bluehost.

Affiliate marketing can be a terrific way to produce passive income. That is because when people 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.

Another way to make passive income is to create a lead generation website. Lead generation websites exist to provide referrals to local businesses.

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So, lets say you created a lead generation site that focuses on property. Youd use the website to educate individuals about home ownership. Or, youd educate them about property investing.

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

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The actual estate professional would pay you for the lead. Its a warm lead and not a cold lead, so professionals are more willing to pay.

You might also make money by having advertisers on your site. Note that you may have to understand SEO (Search Engine Optimization) principles in order to make the site successful. Getting your site at the top of search engine pages will 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 products for you I actually have a friend who's done very well with this he makes six figures per year selling his own products online.

You can earn published here even more money by discover this info here signing up with a special rewards shopping website. You will find websites that 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 eligible for cash-back, youll receive a notification. I use a free site called Ebates, which will cover you $10 just for signing up.

With their dual money back specials, you can double your passive income earnings in the event the ideal things go on sale.

Again, your earning plan goes out the window if you purchase things you dont need just to earn rewards. Just go on your shopping as usual, and potentially earn a nice cash bonus in the process.

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With the explosion of eCommerce, drop shipping has become very popular.  Here's how it works: you create an online store that provides goods from certain manufacturers.