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One approach to boost your debt payoff would be to decrease your interest rate. If you've got high-interest debt you want to get a lower interest rate on, have a look at Credible, which features 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 look at 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% which is unreal.

Although 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 task of creating the book is done, selling novels can be a great method to create some severe residual income.

Once your book is available on a website like Amazon, you can receive a check every month for doing absolutely nothing. Note that spending some time developing an effective marketing plan is vital. Evidently, the more time 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 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 a month renting out their bedrooms.

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In case you've got a site 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 class Making Sense of Affiliate Marketing.

If you dont have a web site, you can begin one for less than $3/month. Thats the cost for getting a site host a company that stores your website on servers so it can be seen 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. That is because when folks click on the affiliate links on your website, you are given a commission at no additional cost . All they need to do is buy a product or service.

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

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

Within the website 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 region.

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

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

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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'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 using a distinctive rewards shopping site. There are websites which will pay you every 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 receive a notification. I use a free site named Ebates, which will pay you $10 just for signing up.

Using their dual cash back specials, then you can double your passive income earnings if the ideal things go on the market.

Again, your earning plan goes my sources out the window if you buy 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 very common.  Here's how it works: you make an online shop that offers goods from certain manufacturers.