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One way 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% for refinancing your credit card debt.

Are you looking for a low-risk method to make passive income Then look at 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 1.55% that's unreal.

Although 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 task of creating the book is done, selling novels can be a fantastic way to produce some severe residual income.

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

Have you got an extra room which you seldom use Why not rent it out to someone looking for a temporary rental on Airbnb.  Millions of people use Airbnb to find somewhere to stay instead of staying in a hotel, sometimes even for months at a time.

You can hire a maid service to clean and prep the space 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 spare 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 per month like Michelle who teaches others how to make money online with her course 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 website host a company that stores your site on servers so that it can be viewed on the Internet.   Click here to find 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 website, you receive a commission at no additional cost . All they have to do is purchase a service or product.

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

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

Within the site youd have links in which individuals 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 cover you to the lead. Its a warm important site lead and not a cold lead, so professionals would be more willing to pay.

You might also make money by having advertisers on your site. Note that you would need to understand SEO (Search Engine Optimization) rules 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 goods for you I really browse around this web-site have a friend who has done really well with this as he earns six figures per year selling his own products online.

You can earn even more money by signing up with a distinctive rewards shopping website. You will find sites which will pay you every time you shop at certain online retailers.

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You just download the sites browser extension and each 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 cash back specials, then you can double your passive income earnings if the ideal things 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 on your shopping as usual, 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 create an online shop that provides products from certain manufacturers.