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One way to boost your debt payoff is to decrease your interest rate. In case you've got high-interest debt you want to find 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 method to make 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% that's unreal.

Although 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 publication is done, selling novels can be a fantastic method to create some serious residual income.

Once your book can be found on a site like Amazon, you can get a check every month for doing absolutely nothing. Note that spending some time developing an effective marketing plan is essential. Obviously, the longer you spend marketing your publications, the more money youll make.

Do you have 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 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 room 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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If you've got a site already then this really is a no-brainer.  Some people are making over $50,000 per month like Michelle who teaches others how to make money online with her class Making Sense of Affiliate Marketing.

If you dont have a web site, you can start one for less than $3/month. Thats the cost for getting a site host a company that stores your site 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 people click on the affiliate links on your site, you are given a commission at no additional cost . All they have to do is buy a service or product.

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

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

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

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

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Did you know 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 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. There are websites that will pay you each time you shop at certain online retailers.

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

Using their double money back specials, you can double image source your passive income earnings in the event the right 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 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 shop that provides goods from certain manufacturers.

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