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One way to boost your debt payoff would be to lower your interest rate. If you've got high-interest debt that 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 method to produce 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% which is 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 task of creating the publication is done, selling books can be a fantastic method to create some serious residual income.

Once your book is available on a site like Amazon, you could receive a check each month for doing absolutely nothing. Note that spending some time developing an effective marketing plan is essential. Obviously, the longer you spend marketing your books, the more money youll make.

Have you got an extra room which you rarely use Why not rent it out to someone looking for a temporary rental on Airbnb.  Millions of individuals use Airbnb to find somewhere 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 following a suspect leaves. This will 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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If 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 course Making Sense of Affiliate Marketing.

In case you dont have a website, you can Recommended Site begin one for less than $3/month. Thats the price for getting a website sponsor a company that stores your site on servers so 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 official site way to make passive income. That is because when people click on the affiliate links on your website, you are given a commission at no additional cost to them. All they have to do is buy a product or service.

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

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

Within the website youd have links in which 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 actual estate professional would pay you to the lead. Its a hot lead and not a cold lead, so professionals would be more willing to pay.

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

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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 has done very well with this as he makes six figures per year selling his own products online.

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

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You simply download the sites browser extension and each time youre on an e-commerce website thats eligible 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, you can double your passive income earnings in the event the right items 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 procedure.

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With the explosion of eCommerce, drop shipping has become extremely popular.  Here's how it works: you make an online shop that offers products from certain manufacturers.