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One approach to boost your debt payoff is to lower your interest rate. In case you've got high-interest debt you want to get 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 way to make passive income Then look at opening a high-yield savings account with an online bank such as 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'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 task of creating the publication is done, selling novels can be a fantastic way to produce some severe residual income.

Once your book can be found on a website like Amazon, you could get a check every month for doing absolutely nothing. Note that spending some time developing an effective marketing plan is essential. Obviously, the more time 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 temporary 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 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 is a no-brainer.  Some folks 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.

If you dont have a web site, you can begin one for less than $3/month. Thats the pop over to this site cost for getting a site sponsor a company that stores your site on servers so that it can be viewed on the Internet.   Click here to find special pricing of $2.95/month using Bluehost.

Affiliate marketing can be a terrific way to produce passive income. This is because when folks 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 service or product.

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

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

Within the website youd have links in which 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 could also make money by having advertisers on your site. Note that you would have to understand SEO (Search Engine Optimization) principles like this in order to make the site successful. Getting your site 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 ship the goods for you I actually have a friend who has done very well with this 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 site. There are websites which will pay you every 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 site 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.

Using their dual cash back specials, then you can double your passive income earnings if the ideal items go on sale.

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