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One approach to boost your debt payoff would be to lower your interest rate. In case you have high-interest debt that 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 method to produce passive income Then look at opening a high-yield savings account with an online bank such as CIT Bank that pays 19 times greater than traditional banks. CIT is currently are paying 1.55percent which is 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 task of creating the book is done, selling books can be a fantastic way to create some severe residual income.

Once your book can be found on a site like Amazon, you can receive a check every month for doing absolutely nothing. Note that spending some time developing an effective marketing plan is vital. Obviously, the more time you spend marketing your publications, the more money youll make.

Do you have an extra room that you seldom use Why not rent it out to someone looking for a short-term rental on Airbnb.  Millions of individuals use Airbnb to find somewhere to stay instead of staying in a hotel, sometimes even for months at a time.

You can hire a maid service to clean and prep the room following a guess 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 spare bedrooms.

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In case you have a website already then this is a no-brainer.  Some folks are making over $50,000 a 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 website, you can begin one for less than $3/month. Thats the cost for getting a website host a company that stores your website on servers so it can be seen on the Internet.   Click here to find special pricing of $2.95/month using Bluehost.

Affiliate marketing can be a great way to produce passive income. That is because when folks click on the affiliate links on your website, you receive a commission at no additional cost to them. All they have to do is purchase a product or service.

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

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

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

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The actual estate professional would pay you to the lead. Its a hot lead and not a cold encounter, so professionals would be 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 website successful. Getting your website at the top of search engine pages will be critical to website link achievement.

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Did you web know you can sell your own products on Amazon and have them even ship the goods for you I really have a friend who has done really well with this as he earns six figures per year selling his own products online.

You can earn even more money by signing up with a distinctive rewards shopping site. There are websites that will pay you every 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 qualified for cash-back, youll get a notification. I use a free website named Ebates, which will pay you $10 just for signing up.

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

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 usual, and potentially earn a nice cash bonus in the process.

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