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One way to boost your debt payoff is to decrease your interest rate. If you've got high-interest debt that you want to find a lower interest rate on, check out Credible, which features loan amounts as low as 4.99% to refinancing your credit card debt.

Are you looking for a low-risk method 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.

Although this wont make you filthy rich, it will 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 publication is done, selling books can be a fantastic way 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 essential. Evidently, the longer you spend marketing your publications, the more money youll earn.

Have you got an extra room which 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 a place 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 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 a month renting out their bedrooms.

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In case you have a site 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 make money online with her course 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 sponsor a company that stores your website on servers so that it can be viewed on the Internet.   Click here to get special pricing of $2.95/month with Bluehost.

Affiliate marketing can be a terrific way to produce passive income. This 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.

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

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Therefore, lets say you produced a lead generation site which focuses on real estate. Youd utilize the site in order to educate people about home ownership. Or, youd educate them about property investing.

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Within the website 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 area.

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The actual estate professional would cover you for the lead. Its a warm lead and not a cold try this website lead, so professionals would be more willing to pay.

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

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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 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 special rewards shopping website. There are websites that 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 get a notification. I use a free website called Ebates, which will cover you $10 just for signing up.

Using their dual money back specials, 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 just to earn rewards. Just go about your shopping as usual, and potentially earn a nice cash bonus in the procedure.

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

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