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One approach to speed up your debt payoff is to decrease 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 features loan amounts as low as 4.99% for refinancing your credit card debt.

Are you looking for a low-risk way to produce 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 1.55% which is unreal.

While this wont make you filthy rich, it will 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 books can be a fantastic method to create some severe residual income.

Once your book is available on a website like Amazon, you could receive a check each month for doing nothing. Note that spending some time developing an effective marketing plan is vital. Evidently, the longer 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 a place 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 space 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 per 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 earn 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 cost for getting a website 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 with Bluehost.

Affiliate marketing can be a terrific way to produce passive income. That is because when folks click on the affiliate links on your website, you receive a commission at no additional cost . All they need to do is purchase a product or service.

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

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

Within the Check Out Your URL 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 area.

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

You might go also make money by having advertisers on your site. Note that you would have to understand SEO (Search Engine Optimization) principles in order to make the website successful. Getting your site near 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 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 with a special rewards shopping website. You will find sites 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 Clicking Here youre on an e-commerce site thats qualified for cash-back, youll get a notification. I use a free site named Ebates, which will pay you $10 just for signing up.

With their dual money back specials, you can double your passive income earnings if the ideal things 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 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 store that offers products from certain manufacturers.