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One approach to boost your debt payoff is to decrease your interest rate. If you've got high-interest debt you want to find a lower interest rate on, have a look at Credible, which offers loan amounts as low as 4.99% to refinancing your credit card debt.

Are you looking for a low-risk method 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 1.55% which is 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 task of creating the book is done, selling books can be a great way to create some severe residual income.

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

Have you got an extra room which you rarely 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 at 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 spare bedrooms.

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In case you've got a website already then this really is a no-brainer.  Some folks are making over $50,000 per month like Michelle who teaches others how to earn money online with her class Making Sense of Affiliate Marketing.

If you dont have a website, you can check here begin one for less than $3/month. Thats the price for getting a website host 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 make passive income. That is because when folks click on the affiliate links on your site, you receive a commission at no additional cost to them. 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 warnings to local businesses.

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

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 region.

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The my response real estate professional would cover you for the lead. Its a warm lead and not a cold encounter, so professionals are more willing to pay.

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

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Did you know 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 he makes 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 which 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 site thats eligible for cash-back, youll receive a notification. I use a free site named Ebates, which will pay you $10 just visit this site right here for signing up.

Using their dual money back specials, you can double your passive income earnings in the event the right things go on sale.

Again, your earning strategy goes out the window if you purchase things you dont need just 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 popular.  Here's how it works: you create an online store that offers products from certain manufacturers.