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One approach to speed up your debt payoff would be to lower 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 offers loan amounts as low as 4.99% to 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 more than traditional banks. CIT is currently are paying 1.55% that's unreal.

Although 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 books can be a fantastic way to produce some severe residual income.

Once your book is available on a website like Amazon, you could receive a check every month for doing 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 earn.

Do you have an additional room that 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 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 spare bedrooms.

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If you've got a site already then this is a no-brainer.  Some people are making over $50,000 per month just like Michelle who teaches others how to earn money online see this site with her class 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 website host a company that stores your site on servers so that it can be viewed on the Internet.   Click here to get special pricing of $2.95/month with Bluehost.

Affiliate marketing can be a great way to make passive income. This 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 purchase a product or service.

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

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Therefore, lets say you created a lead generation site which focuses on property. Youd utilize the site in order to educate people about home ownership. Or, youd instruct them about property investing.

Within the website youd have links in which individuals 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 warm lead and not a cold lead, so professionals are more willing to pay.

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

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Did you know that 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 address can earn even more money by signing up using a special rewards shopping site. You will find sites that will pay you each 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 website thats eligible for cash-back, youll get a notification. I use a free website named Ebates, which will pay 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 original site 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 create an online shop that provides goods from certain manufacturers.