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One way to speed up your debt payoff is to decrease your interest rate. In case you have high-interest debt that you want to find a lower interest rate on, check out Credible, which features loan rates as low as 4.99% for refinancing your credit card debt.

Are you looking for a low-risk method 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 1.55percent which is unreal.

While this wont make you filthy rich, it'll be a safer way to make 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 fantastic way to produce 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 vital. Evidently, the more time you spend marketing your books, the more money youll make.

Do you have an additional room that 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 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 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 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 like Michelle who teaches others how to earn money online with Homepage her class Making Sense of Affiliate Marketing.

If you dont have a web site, you can begin one for less than $3/month. Thats the price for getting a site sponsor a company that stores your website on servers so it can be viewed on the Internet.   Click here to find 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 . All they need to do is purchase a product go right here or service.

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

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Therefore, lets say you created a lead generation site which focuses on real estate. Youd utilize the website to educate individuals about home ownership. Or, youd instruct them about real estate investing.

Within the website youd have links where people 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 cover you for the lead. Its a warm lead and not a cold lead, so professionals are more willing to pay.

You might 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 at the top of search engine pages will be critical for success.

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Did you know that you can sell your own products on Amazon and have them even send the goods for you I actually have a friend who has done very well with this as he earns 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 each time you shop at certain online retailers.

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You just download the websites browser extension and each 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.

Using their double 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 process.

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