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One approach to boost your debt payoff would be to decrease your interest rate. In case you have 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 way to make passive income Then consider opening a high-yield savings account with an online bank such as CIT Bank that pays 19 times greater than traditional banks. CIT is currently are paying 1.55% that's unreal.

While 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 book is done, selling books can be a fantastic 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 vital. Evidently, the more time you spend marketing your publications, the more money youll make.

Have you got an additional room which you seldom use Why not rent it out to someone looking for a short-term rental on Airbnb.  Millions of people use Airbnb to find somewhere to stay instead of staying in 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 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 have a site 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 course 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 site host a company that stores your website on servers so that it can be seen on the Internet.   Click here to get special pricing of $2.95/month using Bluehost.

Affiliate marketing can be a terrific way to make passive income. This is because when people click on the affiliate links on your website, you are given a commission at no additional cost . All they have to do is purchase a service or product.

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

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So, lets say you created a lead generation website that focuses on property. Youd use the site to educate people about home ownership. Or, youd instruct 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 a real estate professional in their area.

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

You might also earn money by having advertisers on your site. Note that you may need to understand SEO (Search Engine Optimization) principles in order to make the website a fantastic read successful. Getting your website at the top of search engine pages would be critical to success.

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

You can earn even more money by signing up with anonymous a special rewards shopping website. You will find websites that will pay you every time you shop at certain online retailers.

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You simply download the websites browser extension and each time youre on an e-commerce site thats qualified for her comment is here cash-back, youll receive a notification. I use a free site called Ebates, which will pay you $10 just for signing up.

With their dual cash back specials, then you can double your passive income earnings in the event the ideal items go on the market.

Again, your earning strategy goes out the window if you purchase things you dont need just to earn rewards. Just go on your shopping as normal, and potentially earn a nice cash bonus in the procedure.

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With the explosion of eCommerce, drop shipping has become very popular.  Here's how it works: you make an online store that offers goods from certain manufacturers.