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One approach to speed up your debt payoff is to lower your interest rate. If you've got high-interest debt you want to get 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 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% which is unreal.

Although 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 book is done, selling books can be a great method to create some severe residual income.

Once your book is available on a site like Amazon, you could 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.

Have you got an additional room which you rarely use Why not rent it out to someone looking for a short-term rental on Airbnb.  Millions of individuals use Airbnb to find a place 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 after 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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In case you've got a website already then this really is a no-brainer.  Some people are making over $50,000 a month like Michelle who teaches others how to make money online with her class Making Sense of Affiliate Marketing.

In case you dont have a website, you can begin one for less than $3/month. Thats the cost for getting a site host a company that stores your website on servers so it can be viewed on the Internet.   Click here to get special pricing of $2.95/month using Bluehost.

Affiliate marketing can be a great 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 Home Page have 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 provide referrals to local businesses.

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

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The actual estate professional would pay you to the lead. Its a hot lead and not a cold lead, so professionals are more willing to pay.

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

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Did you know that you can sell your own products on Amazon and have them even send the products for you I actually have a friend who has 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 using a special rewards shopping website. You will find websites 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 get a notification. I use a free site named Ebates, which will cover you $10 just for signing up.

With their double money 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 buy things you dont need simply to earn rewards. Just go on your shopping as normal, and potentially earn a nice cash bonus in the process.

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