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

Are you looking for a low-risk way 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 1.55% that's unreal.

While 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 work of creating the book is done, selling books can be a great method to create some severe residual income.

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

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 people 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 will 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 have a website already then this really is a no-brainer.  Some people are making over $50,000 per month just like Michelle who teaches others how to earn money online with her course Making Sense of Affiliate Marketing.

If you dont have a web site, you can start one for less than $3/month. Thats the price for getting a site host a company that stores your site on 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 terrific 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 . All they have to do is purchase a product or service.

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

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

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

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The real estate professional would pay you to the lead. Its a hot lead and not a cold encounter, so professionals are more willing to pay.

You could also earn money by having advertisers on your website. Note that you would have to understand SEO (Search Engine Optimization) principles in order to make the site successful. Getting more tips here your website near the top of search engine pages would 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 has done very 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 website. You will find websites that will pay you every time you shop at certain official source online retailers.

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You just download the sites browser extension and each time youre on an e-commerce website thats qualified for cash-back, youll get a notification. I use a free site called 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 items go on sale.

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 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 offers goods from certain manufacturers.