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

Are you looking for a low-risk way to produce 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 1.55% 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 website like Amazon, you could get a check every month for doing nothing. Note that spending some time developing an effective marketing plan is essential. Evidently, the longer you spend marketing your books, the more money youll earn.

Do you have an additional 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 at a resort, sometimes even for months at a time.

You can hire a maid service to clean and prep the space following 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 bedrooms.

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

If you dont have a website, you can start one for less than $3/month. Thats the cost for getting a site sponsor a company that stores your site on servers so it can be viewed on the Internet.   Click here to find special pricing of $2.95/month using Bluehost.

Affiliate marketing can be a terrific way to make passive income. This is because when folks click on the affiliate links on your website, you receive a commission at no additional cost to them. All they need to do is buy a product or service.

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

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So, lets say you produced a lead generation website which focuses on property. Youd utilize the website to educate people about home ownership. Or, youd educate them about property investing.

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

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The actual estate professional would cover you to click here now the lead. Its a hot lead and not a cold lead, so professionals are more willing to pay.

You could also make money by having advertisers on your website. 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 would be vital for success.

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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 really have a friend who's done really well with this he makes six figures per year selling his own products online.

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

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You simply download the sites browser extension and every time youre on an e-commerce website thats qualified for cash-back, youll get a notification. I use a free site named Ebates, which will pay you $10 just for signing up.

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

Again, your earning plan goes out the window if you purchase things you dont need simply 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 extremely popular.  Here's how it works: you create an online store that offers products from certain manufacturers.