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One approach to boost your debt payoff would be to lower your interest rate. In case you've got high-interest debt that you want to get a lower interest rate on, check out Credible, which offers loan rates as low as 4.99% to refinancing your credit card debt.

Are you looking for a low-risk way to produce passive income Then look at opening a high-yield savings account with an online bank like CIT Bank that pays 19 times more than traditional banks. CIT is currently are paying 1.55percent that's unreal.

Although this wont make you filthy rich, it will be a safer way to make 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 method to create some serious residual income.

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

Have you got an additional room that you seldom use Why not rent it out to someone looking for a short-term rental on Airbnb.  Millions of people 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 space after 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 site already then this really is a no-brainer.  Some people are making over $50,000 a month just like Michelle who teaches others how to make money online with her class 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 it can be viewed on the Internet.   Click here to find special pricing of $2.95/month using Bluehost.

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

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

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

Within the site youd have links where individuals could contact you to learn more. here are the findings When someone contacts you, you refer them to a real estate professional in their area.

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

You could also earn money by having advertisers on your site. Note that you may have to understand SEO (Search Engine Optimization) rules in order to make the site successful. Getting your website at the top of search engine pages will be critical to achievement.

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Did you know you can sell your own products on Amazon and have them even send the products for you I really 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 site. You will find websites that will pay you each time you shop at my latest blog post certain online retailers.

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

With their dual money back specials, you can double your passive income earnings in the event 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 procedure.

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