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One approach to boost your debt payoff would be to lower your interest rate. In case you have high-interest debt that you want to get a lower interest rate on, check out 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 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 1.55% that's 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 work of creating the publication is done, selling novels can be a fantastic method to create some serious residual income.

Once your book is available on a site like Amazon, you can receive a check each month for doing absolutely nothing. Note that spending some time developing an effective marketing plan is essential. Evidently, the more time you spend marketing your publications, the more money youll make.

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 people 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 guess leaves. This will 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 spare bedrooms.

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If you've got a website already then this is a no-brainer.  Some people are making over $50,000 a 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 find special pricing of $2.95/month with Bluehost.

Affiliate marketing can be a great way to produce passive income. That is because when folks 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 make passive income is to make a lead generation site. Lead generation sites exist to provide referrals to local businesses.

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

Within the site youd have links in which 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 actual estate professional would cover you for the lead. Its a hot lead and not a cold lead, so professionals would be more willing to pay.

You could also why not try these out make money by having advertisers on your site. Note that you may need to understand SEO (Search Engine Optimization) principles in order to make the site successful. Getting your website near the top of search engine pages would be critical to achievement.

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Did you know you can sell your own products on Amazon and have them even send the goods for you I actually have a friend who's done very well with this as he makes 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 sites which will pay you each time you shop at certain online retailers.

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

Using their double money back specials, you can double your passive income earnings if the right items go on the Recommended Reading market.

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

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With the explosion of useful content eCommerce, drop shipping has become extremely popular.  Here's how it works: you make an online shop that provides goods from certain manufacturers.