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One way to boost your debt payoff would be to decrease your interest rate. In case you've got high-interest debt that you want to find a lower interest rate on, have a look at Credible, which offers loan rates as low as 4.99% for 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 such as CIT Bank that pays 19 times greater than traditional banks. CIT is currently are paying 1.55percent that's 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 publication is done, selling novels can be a fantastic method to produce some severe residual income.

Once your book is available on a site like Amazon, you could receive a check every month for doing absolutely nothing. Note that spending some time developing an effective marketing plan is vital. Obviously, the more time you spend marketing your publications, the more money youll earn.

Do you have an extra room that 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 in a resort, sometimes even for months at a time.

You can hire a maid service to clean and prep the space following 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 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 earn money online with her course Making Sense of Affiliate Marketing.

In case 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 great way to produce passive income. That is because when people click on the affiliate links on your site, you receive a commission at no additional cost . All they have to do is buy a service or product.

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

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

Within the site 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 region.

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

You might also make money by having advertisers on your website. Note that you would have to understand SEO (Search Engine Optimization) principles 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 that you can sell your own products on Amazon and have them even ship the goods for you I really have a friend who's done really 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 distinctive rewards shopping site. There are sites which will pay you every time you shop at certain online retailers.

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

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

Again, your earning plan goes out the window if you buy things you dont need just to earn rewards. Just go on your shopping as usual, 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 create an online store that offers products from certain manufacturers.