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One approach to boost your debt payoff would be to decrease your interest rate. In case you have high-interest debt you want to get a lower interest rate on, have a look at Credible, which features loan amounts as low as 4.99% for refinancing your credit card debt.

Are you looking for a low-risk way 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 1.55percent that's 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 publication is done, selling novels can be a fantastic way to create some serious residual income.

Once your book can be found on a site 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. Evidently, the more time you spend marketing your books, the more money youll earn.

Have you got an additional room which 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 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 per month renting out their spare bedrooms.

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In case you've got a website already then this is a no-brainer.  Some folks are making over $50,000 per month like Michelle who teaches others how to make money online with her class Making Sense of Affiliate Marketing.

In case you dont have a web site, you can begin one for less than $3/month. Thats the price for getting a website host a company that stores your website on weblink servers so that it can be viewed on the Internet.   Click here to get special pricing of $2.95/month using Bluehost.

Affiliate marketing can be a great way to produce passive income. That is because when folks click on the affiliate links on your site, you are given a commission at no additional cost to them. All they need to do is buy a service or product.

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

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

Within the site youd have links look at here now where 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 real estate professional would pay you for the lead. Its a hot lead and not a cold encounter, so professionals would be more willing to pay.

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

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Did you know that you can sell your own products on Amazon and have them even ship the goods for you I actually have a friend who has 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 special rewards shopping site. You will find websites which will pay you each 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 website thats eligible for cash-back, youll receive a notification. I use a free website called Ebates, which will pay you $10 just for signing up.

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

Again, your earning plan goes out the window if you buy things you dont need simply to earn rewards. Just go about your shopping as normal, 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 make an online shop that provides goods from certain manufacturers.