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One way to speed up your debt payoff is to lower your interest rate. In case you've got high-interest debt you want to find a lower interest rate on, check out Credible, which offers loan amounts as low as 4.99% for refinancing your credit card debt.

Are you looking for a low-risk way to make passive income Then look at opening a high-yield savings account with an online bank like CIT Bank that pays 19 times more than traditional banks. CIT is currently are paying 1.55percent which is unreal.

Although 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 novels can be a great method to produce some severe residual income.

Once your book can be found 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 vital. Obviously, the more time you spend marketing your publications, the more money youll earn.

Do you have an additional room which you seldom use Why not rent it out to someone looking for a short-term rental on Airbnb.  Millions of individuals use Airbnb to find somewhere to stay instead of staying at a resort, sometimes even for months at a time.

You can hire a maid service to clean and prep the room following a suspect 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 have a website already then this really is a no-brainer.  Some people are making over $50,000 a 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 price for getting a site sponsor a company that stores your site on servers so it can be seen on the Internet.   Click here to get special pricing of $2.95/month using Bluehost.

Affiliate my website marketing can be a terrific way to produce 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 need to do is purchase a service or product.

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

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Therefore, lets say you created a lead generation website that focuses on property. Youd use the website to educate people about home ownership. Or, youd instruct them about property investing.

Within the site 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 pay you for the lead. Its a hot lead and not a cold encounter, so professionals would be more willing to pay.

You find more might also make money by having advertisers on your website. Note that you would have to understand SEO additional hints (Search Engine Optimization) rules in order to make the website successful. Getting your website at 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 ship the products for you I actually have a friend who has done very well with this he makes six figures per year selling his own products online.

You can earn even more money by signing up with a distinctive rewards shopping site. You will find websites that will pay you each time you shop at certain online retailers.

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

Using their dual cash back specials, then you can double your passive income earnings if the right items go on sale.

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