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One way to boost your debt payoff would be to decrease 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 features loan amounts 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 such as CIT Bank that pays 19 times greater than traditional banks. CIT is currently are paying 1.55percent that's 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 work of creating the book is done, selling novels can be a great way to create some serious residual income.

Once your book can be found 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. Obviously, the more time 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 a place to stay instead of staying at a resort, sometimes even for months at a time.

You can hire a maid service to clean and prep the space 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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In case you have a site already then this really is a no-brainer.  Some folks are making over $50,000 a month just like Michelle who teaches others how to earn money online i loved this with her class Making Sense of Affiliate Marketing.

If you dont have a website, you can start one for less than $3/month. Thats the price for getting a website sponsor a company that stores your website on servers so it can be seen on the Internet.   Click here to get special pricing of $2.95/month with Bluehost.

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

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

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

Within the website 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 region.

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

You could also make money by having advertisers on your website. Note that you would need to understand SEO (Search Engine Optimization) rules in order to make the website successful. Getting your site at the top of search engine pages will be critical to 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 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 using a distinctive rewards shopping website. You will find websites which will pay you every time you shop at certain online my sources retailers.

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

Using their double money back specials, then you can double your passive income earnings in the event the ideal items go on sale.

Again, your earning strategy goes out the window if you purchase things you dont need simply to earn rewards. Just go on 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 very popular.  Here's how it works: you create an online store that provides products from certain manufacturers.