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One way to boost your debt payoff would be to decrease your interest rate. If you've got high-interest debt that you want to get a lower interest rate on, check out Credible, which features loan rates as low as 4.99% to 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 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 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 work of creating the book is done, selling books can be a fantastic way to create some serious residual income.

Once your book is available 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. Evidently, the more time you spend marketing your publications, the more money youll earn.

Have you got an additional 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 somewhere to stay instead of staying in a resort, sometimes even for months at a time.

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

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If you've got 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 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 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 make passive income. That is because when people click on the affiliate links on your site, you are given a commission at no additional cost to find them. All they need to do is purchase a service or product.

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

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

Within the website youd have links in which 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 warm lead and not a cold encounter, 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) More hints rules in order to make the site successful. Getting your site at the top of search engine pages would be vital for achievement.

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

You can earn even more money by signing up using a special rewards shopping site. There are websites that will pay you every time you shop at certain online retailers.

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

With their double money back specials, then you can double your passive income earnings if the right items go on the market.

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 offers products from certain manufacturers.